Posts Categorized: Syndicated News

US threatens tariffs on EU cheese, pork and whiskey

US threatens tariffs on EU cheese, pork and whiskey The US is threatening tariffs on $4bn worth of additional EU goods – including Irish whiskey – in a long-running dispute over aircraft subsidies. This is in addition to tariffs placed on European Union goods in April. The list also includes sausages, hams, pasta, olives and… Read more »

Services sector makes up for weak manufacturing activity – PMI

Services sector makes up for weak manufacturing activity – PMI The country’s services sector continued to grow sharply in June, according to a new survey. The growth more than made up for weak manufacturing activity, which shrank for the first time in six years over the same time. The AIB Services Purchasing Managers’ Index stood… Read more »

19 new Rent Pressure Zones across 11 counties

19 new Rent Pressure Zones across 11 counties There are 19 new locations designated as Rent Pressure Zones following a change in the criteria. The announcement of the additional RPZs takes effect from today, following reforms to the Residential Tenancies Act. The areas are located across 11 counties and include all of Meath and Louth,… Read more »

New rules to require banks to open up their systems

New rules to require banks to open up their systems Your bank account is set to get more secure – and more open – once new European regulations come into force in September. The second Payments Services Directive aims to reduce fraud around online transactions. This will likely see consumers having to take more steps… Read more »

Debt costs up for business despite ECB rate-cut talk

Debt costs up for business despite ECB rate-cut talk Borrowing costs for small and mid-sized businesses in Ireland increased in the first three months of the year, despite the wider speculation in the economy that interest rates will fall. Irish SMEs already pay some of the highest borrowing costs in Europe. The latest Central Bank… Read more »

Bank of Ireland’s chief finance officer to step down

Bank of Ireland’s chief finance officer to step down Bank of Ireland has announced that its chief financial officer, Andrew Keating, is to leave the bank. Mr Keating, who has worked at the bank since 2004, is set to take up a “senior finance role” in an “international organisation outside the financial services sector”, the… Read more »

Ireland runs risk of austerity-era spending cuts, economist to warn politicians

Ireland runs risk of austerity-era spending cuts, economist to warn politicians Politicians will be warned today that Ireland runs the risk of austerity-era spending cuts if it continues with existing expenditure plans. Stephen Kinsella, Associate Professor of Economics at University of Limerick, will address the Budget Oversight Committee on the same day as the Government… Read more »

Government to borrow to cushion impact of hard Brexit

Government to borrow to cushion impact of hard Brexit October’s Budget will involve a package worth €2.8 billion, Minister for Finance Paschal Donohoe said as he published the Government’s Summer Economic Statement. However, €2.1 billion of that is already committed to current and capital spending plans, which leaves just €700m to be allocated on budget… Read more »

Second-hand property prices continue to drop in Dublin – survey

Second-hand property prices continue to drop in Dublin – survey Second-hand property prices in Dublin have decreased by an average of €4,500 in the past three months, a survey has found. The Real Estate Alliance survey found the average house price for a three-bed semi-detached house in Dublin stands at €433,000, for the second quarter… Read more »