Business News

EU will hit Republican voters to fight trade war

1st June 2018

The European Union will target consumer, agricultural and steel products made in many key Republican constituencies when it imposes tariffs against US imports in retaliation for punitive duties US President Donald Trump announced yesterday. The Trump administration’s tariffs on imports from key allies sent US and European stocks into a tailspin and stoked demand for […]

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London-based angel investor group to invest €3m in Irish start-ups over next three years

31st May 2018

A new London-based angel investment syndicate is to invest €3m in Irish start-ups over the next three years. HBAN’s London syndicate supports the creation of an international network with an affinity to Ireland. Up to six ambitious Irish companies with eyes for international expansion will see investment from the syndicate over the next 12 months. […]

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OECD raises possibility of ‘another property bubble’ as it warns of overheating in Irish economy

31st May 2018

SIGNS of overheating have started to be seen in the Irish economy, the Organisation for Economic Cooperation and Development has warned – and Brexit remains the biggest risk. In its latest biannual economic outlook, the Paris-based agency pointed out that new mortgage lending and loans to small businesses have risen sharply in recent months, as […]

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Another headhunter prepares to pitch up in Ireland as Brexit opportunity knocks

31st May 2018

Heidrick & Struggles, one of the world’s leading corporate headhunting firms, is preparing to enter the Irish market, the Irish Independent has learned. It is understood that Stafford Bagot, a senior executive who has been based in the firm’s Singapore office but who has deep connections with a number of Ireland’s blue chip corporations, is […]

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IMF maintains China’s 2018 GDP growth forecast at 6.6pc

30th May 2018

The International Monetary Fund kept its forecast for China’s 2018 economic growth unchanged at 6.6pc on Wednesday, but warned that overly rapid credit growth and trade frictions could pose risks for the world’s second-largest economy. China’s economy grew 6.8pc in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and […]

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Fasten your seatbelts, we’re going straight up’ – Cool Planet CEO Vicky Brown carves out her own path

30th May 2018

Psychology followed by public relations is probably not the most usual college grad trajectory, but Vicky Brown took that path. And she hasn’t worked in either for longer than three weeks. The Dublin mum-of-three is now CEO of Cool Planet, an interactive visitor centre that aims to educate those who cross its threshold about climate […]

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Germany’s jobless rate hits record low, reflecting robust labour market

30th May 2018

Germany’s jobless numbers dropped more than expected in May, pushing down the unemployment rate to a record low, data showed on Wednesday, reflecting the robustness of a labour market that has become a key driver of a consumer-led upswing. The Federal Labour Office said the seasonally adjusted jobless total fell by 11,000 to 2.358 million. […]

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European shares slide as Italian election risk reignites euro break-up anxieties

29th May 2018

European shares slumped for a second day on Tuesday as investors took flight on renewed fears of euro zone break-up risk as Italy embarked on a new election campaign which could become a proxy referendum on euro membership. Italy’s main stock index sank to a nine month low in early deals, down 1.6pc by 07:25 […]

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Fears fresh Italian election will be a ‘euro referendum’

29th May 2018

Chaos ruled the Italian markets yesterday as the nation plunged deeper into political turmoil, with knock-on effects for other highly-indebted eurozone countries – including Ireland. Italy’s borrowing costs for two-year bonds surged to the highest level in four years on Monday – a holiday in much of Europe – while stocks slumped for a fourth […]

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Calls made for urgent law changes to prevent car insurance market ‘cartel’

28th May 2018

Urgent legislative changes have been called for to prevent cartel-type operations in the motor insurance industry. It comes as a major investigation by the European Commission into motor insurance here is focusing on allegations the industry has created obstacles for new players to enter the market. Following a series of raids last year, investigators are […]

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