Author: Practicenet

Trade fears: Ireland may be caught in crossfire if President Trump ramps up rhetoric after midterms

When President Donald Trump tweets, he moves markets. Last week’s upbeat comments on the possibility of a deal with China to call a halt to a trade war between the world’s two largest economies helped stock markets rally from the bloodbath of ‘Red October’. By Friday, however, his officials were backpedalling, and not for the […]

Continue Reading

EU digital tax could backfire – Donohoe

The EU’s success as an exporter leaves it vulnerable if tax norms are torn up, which would include creating the digital services tax sought by France and others, Paschal Donohoe has warned. He denied France had offered to make-up for any tax loss to Ireland to win support for its plan. “No such offer has […]

Continue Reading

Startup diary: For every €1 you spend in marketing, make €2 in revenue

Our podcast is now live. (A search for voxgig on iTunes will bring it up.) It is, as with most things we do, a soft launch. There’s only one episode just yet. Our general strategy for getting things done is accept embarrassment with version 1, and then iterate our way out of mortification. It might […]

Continue Reading

Friday 2 November 2018 Irish banks face ‘toughest ever’ European stress tests

Regulators’ ‘worst case’ scenario by factors in house prices here falling by 5.1pc HIGH stocks of bad loans and a relatively pessimistic ECB view of Irish growth prospects will weigh on AIB and Bank of Ireland in the EU’s latest bank stress test results today. However, both banks go into the current process in better […]

Continue Reading

Ireland confident Merkel’s pledges on Brexit will stick

German Chancellor Angela Merkel’s decision to exit politics over two years will weaken her EU power – but Irish officials are confident her Brexit pledges to Ireland still stand. The Irish Government believes Ms Merkel’s surprise announcement that she will begin withdrawing from politics will also have a negative effect on on Brexit, though it […]

Continue Reading

Sick pay delay ‘down to move to new system’

Thousands of people face delay in sick pay, causing unnecessary suffering, the Government has been warned. Fianna Fáil’s welfare spokesman Willie O’Dea has urged Social Protection Minister Regina Doherty to intervene and ensure that every citizen entitled to illness benefit gets their full payment on time. “The issues related to disagreements between GPs and the […]

Continue Reading

Good news for mortgage holders: Rates to stay low as the eurozone flounders

Slowdown: Tracker and standard variable loan-holders to benefit Brexit woes: No deal will pitch Britain into long-lasting recession Hundreds of thousands of mortgage-holders, as well as small businesses, are set for a reprieve on anticipated higher repayments. A slow-down in the economies of countries in the eurozone means an interest rate rise next year is […]

Continue Reading

US stocks stagger back from correction

US stocks staggered back from a rout that took the S&P 500 Index into a correction, though major averages remained lower for the day in afternoon trading yesterday. The S&P 500 cut a loss that approached 3pc by more than half, but remains on track for the worst month in eight years. The tech-heavy Nasdaq […]

Continue Reading

Three investment lessons learned from the global financial crisis

Ten years on from the global financial crisis is a good opportunity for investors to reflect on what we’ve learned from this seismic event. Lesson 1: Minsky was right Hyman Minsky’s financial-instability hypothesis examined how long stretches of prosperity have tended to sow the seeds of the next crisis. In good times, market participants become […]

Continue Reading

UK targets tech giants with new digital tax in Budget

The UK is targeting the likes of Google and Facebook by introducing a digital services tax that aims to raise £400m (€450m) a year for the government. Chancellor of the Exchequer Philip Hammond unveiled the measure in his Autumn Budget in London yesterday. He said it was designed to hit the largest internet businesses – […]

Continue Reading