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ECB still has ammunition left to fight recession – Lane

ECB still has ammunition left to fight recession – Lane

The European Central Bank’s policy arsenal has not been depleted and fiscal policy could help stimulate investment, the ECB’s incoming executive Board member Philip Lane has said.

Investors fear the ECB’s window to potentially raise interest rates has closed, meaning it has little in its toolkit […]

By |May 3rd, 2019|Industry News|0 Comments

April manufacturing growth slowest since aftermath of Brexit vote – PMI

The country’s manufacturing sector grew in April at the slowest rate since the aftermath of Britain’s vote to leave the EU, a survey showed today.

This comes as new orders expanded more moderately in a Brexit-related record month for stocks of finished goods.

The economy has weathered the uncertainty created by the June 2016 vote.

The impact […]

By |May 3rd, 2019|Industry News|0 Comments

Irish banks have higher concentration of property loans than European peers – Central Bank

Irish banks have higher concentration of property loans than European peers – Central Bank

Central Bank shows that Irish banks have a higher concentration of property lending than their European peers – with the concentration mainly in residential property.

But in a Financial Stability Note, the Central Bank said the banking system here has increased its capacity […]

By |May 2nd, 2019|Industry News|0 Comments

Euro zone Q1 economic growth stronger than expected, unemployment falls

Euro zone Q1 economic growth stronger than expected, unemployment falls

The euro zone economy grew more than expected in the first quarter, rebounding from a slump in the second half of 2018, new data showed today.

Meanwhile, unemployment in the euro zone fell to its lowest in more than a decade, the data also revealed.

But economists […]

By |May 2nd, 2019|Industry News|0 Comments

Unemployment rate remains at 5.4% in April – CSO

Unemployment rate remains at 5.4% in April – CSO

New Central Statistics Office figures show that the country’s unemployment rate remained at an 11-year low of 5.4% in April.

The CSO said the seasonally adjusted number of people who were without a job stood at 129,700 in April, a decrease of 10,200 when compared to the same […]

By |May 2nd, 2019|Industry News|0 Comments

High housing costs key driver of wage demands, conference told

High housing costs key driver of wage demands, conference told

HIGH rents and housing costs are driving wage demands that have become the biggest single challenge facing businesses, according to Kevin Sheridan, managing director of Sheridan Cheesemongers.

“Rising wages puts pressure on staff numbers and has a ripple effect through the business – I think this comes […]

By |May 2nd, 2019|Industry News|0 Comments

Insurance revamp calls intensify as play centres saved by UK deal

THE Government has been urged not to ease up on insurance reform after 1,000 jobs were saved when play centres secured insurance cover.

Some 61 play centres were threatened with closure over difficulties getting insurance.

The Alliance for Insurance Reform said there was still a need for major changes in the insurance and legal sectors.

Meath businesswoman Linda […]

By |May 1st, 2019|Industry News|0 Comments

Self-employed people to qualify for extra jobseeker’s payments under new initiative

Self-employed people to qualify for extra jobseeker’s payments under new initiative

Self-employed people will become eligible to claim a jobseeker’s welfare payment from November, based on their social insurance contributions.

Minister for Employment Affairs and Social Protection Regina Doherty has said the initiative will provide an income safety net to thousands of small and medium businesses throughout […]

By |May 1st, 2019|Industry News|0 Comments

US watchdog swoops on $55bn oil merger

US watchdog swoops on $55bn oil merger

The US Securities and Exchange Commission (SEC) yesterday obtained an asset freeze in connection with suspected fraudulent trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron.

US District Judge Gregory Woods in Manhattan granted the freeze over accounts linked to suspicious purchases by […]

By |May 1st, 2019|Industry News|0 Comments

Self-employed to qualify for welfare pay of €203 a week

Self-employed to qualify for welfare pay of €203 a week

Self-employed workers will be entitled to weekly jobseeker payments if they become unemployed from November.

The new social insurance benefit scheme, announced today, aims to provide assurance to people setting up or running their own business.

Up to €203 will be provided for nine months for people with […]

By |April 30th, 2019|Industry News|0 Comments