Posts Categorized: Syndicated News

Card spending continued to rise in second quarter

Card spending continued to rise in second quarter Almost €19 billion was spent on Irish credit and debit cards between April and June, according to the Central Bank. That represents an 8% rise year-on-year, as consumers increasingly opted for cards instead of cash. The vast majority of card transactions in the second quarter – more… Read more »

Committee recommends broadband network remain in public ownership

Committee recommends broadband network remain in public ownership A report carried out by the Oireachtas Committee on Communications has recommended that the broadband network infrastructure remain in public ownership. The committee carried out an investigation into the Government’s decision to award preferred bidder status on the multi-billion euro national broadband contract to Granahan McCourt. The… Read more »

Stock markets higher on hopes for stimulus, trade progress

Stock markets higher on hopes for stimulus, trade progress European shares are up for the third straight session, building on a recovery since late last week. Shares in Asia also rose in overnight trade. Global stocks rallied at the start of the trading week on rising optimism about stimulus measures in China and Germany as… Read more »

Threshold, USI call on Govt for scheme to protect rental deposits

Threshold, USI call on Govt for scheme to protect rental deposits The Union of Students in Ireland and national housing charity Threshold have called on the Government to immediately implement a Deposit Protection Scheme (DPS) in order to safeguard rental deposits. Both organisations say that such a scheme is needed to protect tenants in the… Read more »

New guidelines on mobile and broadband advertising

New guidelines on mobile and broadband advertising Telecoms operators should not mislead customers by exaggerating the availability, coverage and speed of mobile and broadband services, according to new guidelines. The new measures around the advertising of mobile phone and broadband services are being introduced by the Advertising Standards Authority for Ireland and come into effect… Read more »

Help-to-Buy may cut higher value homes in Budget overhaul

Help-to-Buy may cut higher value homes in Budget overhaul The Help-to-Buy scheme could return in October’s Budget but in a heavily capped form that would essentially exclude Dublin homes, the Sunday Independent has learned. Finance Minister Paschal Donohoe plunged the future of the scheme into uncertainty when he refused to confirm that it would continue… Read more »

European bond yields fall as markets anticipate fresh ECB stimulus measures

European bond yields fall as markets anticipate fresh ECB stimulus measures Government bond yields in the euro area are hovering near record lows, reflecting heightened expectations for European Central Bank easing soon and concern about global recession risks. Ten-year bond yields in Germany and Italy were poised to record their biggest weekly falls since mid-2018,… Read more »

Businesses say Ireland is running out of warehousing space amid Brexit fears

Businesses say Ireland is running out of warehousing space amid Brexit fears Groups representing businesses have said Ireland is running out of warehousing space as retailers and manufacturers rush to stockpile amid growing fears of a no-deal Brexit on 31 October. New figures from Savills Estate Agents show warehouses in Dublin have reached over 96%… Read more »