Business News

Consumer prices rose by 1.3% in year to January

21st February 2020

Consumer prices rose by 1.3% in the year to the end of January, according to the Central Statistics Office, maintaining the level recorded at the end of 2019. Prices fell on a monthly basis, however, by 0.7%. According to the CSO prices in education saw the biggest increase over the 12 month period, up 4.1%.  […]

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Significant gaps as EU budget negotiations to resume

21st February 2020

EU leaders will resume negotiations this morning on the seven year budget after failing to make any breakthrough in talks late last night. There are still significant gaps between bigger net contributors and poorer member states over the size of the budget and what the spending priorities should be. Leo Varadkar is expected to join […]

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NTMA sells €500m of Treasury Bills with -0.535% yield

21st February 2020

The National Treasury Management Agency has sold €500m worth of Treasury Bills. The manager of the State’s finances said it received bids worth a total of €1.425 billion – almost three times the amount on offer. The bills have a maturity of six months and were sold at a yield of -0.535%. Today’s auction was […]

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EU leaders face tough negotiations over budget

20th February 2020

EU leaders will gather in Brussels in an attempt to reach agreement on the next seven-year budget which faces a shortfall of up to €75 billion due to the UK’s departure. A number of richer countries want to limit the increase in the budget to 1% of gross national income, but they are facing strong resistance from […]

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European shares hit record high on drop in new coronavirus cases

20th February 2020

European shares notched a fresh record high on Wednesday, as a decline in the number of new coronavirus cases and hopes of more stimulus from Beijing helped a recovery from fears of a sustained hit to global supply and demand. DUBLIN Glanbia, which is due to publish full-year results next week, was one of the […]

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European Union plans new rules around AI, data sharing

20th February 2020

Social media platforms and artificial intelligence developers will face new regulations under a European Union plan published today. The European Commission says its digital strategy is designed to make technology more people-focused, while also ensuring its digital industry is not reliant on other countries in the future. It includes changes to the way data is […]

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Number of employed people rose by 3.5% last year – CSO

19th February 2020

The number of people in employment rose by 3.5% in the year to December, according to the latest figures in the Labour Force Survey from the Central Statistics Office. The Labour Force Survey is the official source of data for employment and unemployment in Ireland. A total of 2,361,200 people were in employment at the […]

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FTSE 100 rebounds as housebuilders gain, new virus cases drop

19th February 2020

London’s FTSE 100 rebounded in tandem with global markets on Wednesday as housebuilders advanced after HSBC upgraded its view on the stocks ahead of a first batch of results next week, while the number of new coronavirus cases in China fell. The FTSE 100 added 0.7pc, with Berkeley, Barratt, Taylor Wimpey and Persimmon rising between […]

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Consumer spending set to hit €111bn in 2020

19th February 2020

Consumer spending in Ireland is forecast to top €111 billion this year, as the consumer economy emerges from a so-called ‘lost decade’. The latest Consumer Market Monitor from the Marketing Institute and the UCD Smurfit Graduate Business School says consumer demand has remained resilient in recent years despite the threat of Brexit. It forecasts a […]

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EU adds Seychelles, Cayman Islands, Panama to tax haven blacklist

18th February 2020

European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens. But Turkey got more time to avoid listing despite shortfalls, an EU document showed today.  The list, which was set up in 2017 after revelations of widespread tax evasion and avoidance schemes, now includes 12 […]

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