Category: Syndicated

Work-life balance act to extend leave for parents and carers

Workers will be able to avail of extended breastfeeding breaks and new unpaid leave entitlements as part of the work-life balance act. Under the legislation, the entitlement to breastfeeding breaks will be extended from the current period of six months up to two years. In addition to this, parents and carers will be entitled to […]

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Manufacturing slump drags employment lower – PMI

A slump in manufacturing activity deepened slightly last month, hitting a fresh three year low and leading to a fall in employment in the sector for only the second month across that period, a survey showed today. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell to 47.3 from 47.5 in May. The PMI […]

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Inflation rate estimated to have slowed to 4.8% in June from 5.4% in May – CSO

Inflation in Ireland, as measured by the Harmonised Index of Consumer Prices, is estimated to have moderated to an annual rate of 4.8% in June from 5.4% in May, new figures from the Central Statistics Office show. Today’s CSO flash inflation figures show that energy prices are estimated to have increased by 0.9% in the […]

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Rate of house price inflation moderates further as first time buyers dominate

The annual rate of house price inflation continued to ease during the first half of the year, the latest residential market review from property advisors DNG shows, while first time buyers continue to dominate the market. The annual rate of growth in prices at a national level (excluding Dublin) slowed to 3.4% for the year […]

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ESRI downgrades GDP growth outlook for Irish economy

The Economic and Social Research Institute (ESRI) has downgraded substantially its outlook for growth in Gross Domestic Product terms for the Irish economy, but it says the underlying position of the economy is still very strong. The ESRI says the domestic economy – as measured by Modified Domestic Demand (MDD) – is expected to experience […]

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Government announces plan to boost cybersecurity

The Government has published a plan to boost cybersecurity, which includes measures to support the potential growth of the cybersecurity industry. The Mid-Term Review of the National Cyber Security Strategy 2019-2024 sets out 18 new actions to be implemented within the lifetime of the strategy. In a bid to address skills shortages, the plan will […]

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Contactless payments surge to 3 million payments per day

The volume of contactless payments rose by almost 18% year-on-year to more than 268 million in the first quarter of the year, hitting three million payments a day. According to the latest Payments Monitor from Banking & Payments Federation Ireland (BPFI), the value of contactless payments also increased, rising by 22% to almost €4.6 billion […]

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ESRI downgrades GDP growth outlook for Irish economy

The Economic and Social Research Institute (ESRI) has downgraded substantially its outlook for growth in Gross Domestic Product terms for the Irish economy, but it says the underlying position of the economy is still very strong. The ESRI says the domestic economy – as measured by Modified Domestic Demand (MDD) – is expected to experience […]

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ECB’s Lagarde sees no rate peak call in near term

Euro zone inflation has entered a new phase which could linger for some time, European Central Bank President Christine Lagarde said today, outlining a lengthy fight against price growth that must dampen demand and force firms to curb prices. The ECB has raised rates at each meeting over the past year, taking its deposit rate […]

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EU reach data rule deal targeting Big Tech

EU countries and EU lawmakers has agreed on rules that govern how Big Tech and other companies use European consumer and corporate data, with safeguards against non-EU governments gaining illegal access. The European Commission proposed the Data Act last year to cover data generated in smart gadgets, machinery and consumer products, part of a raft […]

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