News

18 Jun

Oil prices fall 1% as economic worries outweigh tanker tensions

Oil prices fall 1% as economic worries outweigh tanker tensions Oil prices slipped more than 1% today as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week. Brent futures were down 68 cents, or 1.1%, to $61.33

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18 Jun

Euro zone wages post record annual rise in Q1

Euro zone wages post record annual rise in Q1 Euro zone wages rose in the first quarter of the year at the highest pace ever recorded since data is collected, data from the European Union’s statistics office showed today. The increase is a positive signal for the European Central Bank’s plans to drive inflation up

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18 Jun

Extra security steps coming to online shopping and banking

Extra security steps coming to online shopping and banking Consumers are being encouraged to familiarise themselves with upcoming changes to their online shopping and banking. New European Union regulations come into full force on 14 September, which will see additional security measures required for electronic transactions. That could, for example, involve an additional step for

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17 Jun

Residential property price growth slows to 3.1% in April

Residential property price growth slows to 3.1% in April New figures show that Dublin residential property prices grew again at a slower pace in April than the rest of the country. The latest residential property price figures from the Central Statistics Office show that prices nationwide rose by 3.1% in April compared to the same

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17 Jun

Ireland has spent €86.8m on carbon credits to meet emissions targets

Ireland has spent €86.8m on carbon credits to meet emissions targets Ireland’s approach to reducing carbon emissions is a “charade” that is costing millions annually as it is buying carbon credits from other countries to “pretend we are coming in under target”, according to the chairperson of the Public Accounts Committee. Seán Fleming said it

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17 Jun

Rate of inflation falls to 1% in May – CSO

Rate of inflation falls to 1% in May – CSO The annual rate of inflation eased to 1% in May from the seven year high of 1.7% hit in April, new figures show today. The latest figures from the Central Statistics Office figures show that consumer prices fell by 0.1% on a monthly basis in

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14 Jun

Bill to ban employers from using tips for workers’ pay

Bill to ban employers from using tips for workers’ pay The Government is preparing legislation that would ban employers in the service industry from using tips to help pay workers’ wages and require businesses to display their policies on tipping. It follows criticism of some businesses that were not allowing staff to take home the

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14 Jun

Major Irish firms claim significant progress on carbon reduction target

Major Irish firms claim significant progress on carbon reduction target A new report claims that 47 major Irish firms have already made significant progress in meeting a carbon reduction target initially set for 2030. The pledge was made as part of the Business in the Community Ireland group – and sees the likes of Diageo,

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14 Jun

Ireland will be worst-hit by US tariffs, says IMF

Ireland will be worst-hit by US tariffs, says IMF The Irish economy will be hit three times harder than Germany and worse than any other developed nation if the US imposes a blanket trade tariff, the IMF has warned. A new study from the International Monetary Fund (IMF) put Ireland top of a list of

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13 Jun

3.3% rise in goods handled – in and out – of Irish ports

3.3% rise in goods handled – in and out – of Irish ports New figures from the Central Statistics Office reveal that Irish ports handled 55.1 million tonnes of goods last year, an increase of 3.3% on the previous year. Total goods forwarded from Irish ports amounted to 18 million tonnes, a slight increase of

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