Category: Syndicated

Surging world growth makes a mockery of Brexit panic

Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain’s Brexit vote. The monthly ‘nowcast’ gauge of global activity assembled by Fulcrum Asset Management has picked up momentum dramatically over recent weeks, signalling robust world growth of 4pc growth over the second half of the year […]

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Drinks industry will take legal action to stave off ‘sugar tax’

Government plans to introduce a controversial ‘sugar tax’ in the upcoming Budget look set to be met by a high-profile legal challenge from the drinks industry, the Irish Independent has learned. Drinks giants are preparing to follow the example set by the tobacco industry – which has already initiated court action against the Government’s plan […]

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AIB to tell 3,000 they are getting trackers back

AIB is set to restore around 3,000 mortgage customers to valuable tracker mortgage rates. The bank, which includes EBS, is as a first move to write to affected customers and restore them to the lower interest rate product, taking them off variables. At a later date, these customers are set to qualify for refunds and […]

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AIB to tell 3,000 they are getting trackers back

AIB is set to restore around 3,000 mortgage customers to valuable tracker mortgage rates. The bank, which includes EBS, is as a first move to write to affected customers and restore them to the lower interest rate product, taking them off variables. At a later date, these customers are set to qualify for refunds and […]

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Rockefeller fund invests in Irish renewable firm’s Africa project

The Rockefeller Brothers fund has emerged as an investor in an African project of Eddie O’Connor’s Mainstream Renewable Power. The fund is run by descendants of legendary businessman John D Rockefeller, described by Forbes as “arguably the richest man in history”. Rockefeller founded Standard Oil and the University of Chicago. The Rockefeller fund – set […]

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Stick with UK despite Brexit, EI tells Irish exporters

Irish businesses shouldn’t turn their backs on the UK despite the Brexit vote, with potential opportunities in the NHS, the water market and the Northern Powerhouse agenda, Enterprise Ireland (EI) has said. The positive argument is in contrast to the repeated warnings about the harmful effects of a weakened pound and concerns over the health […]

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Anglo-Irish trade ties at risk as May put under pressure to leave customs union

Mounting pressure on British prime minister Theresa May to leave the customs union could put Anglo-Irish trade ties at risk, it has been reported. According to the Financial Times, Ms May is being urged to leave the union by her trade secretary Liam Fox so that he will receive maximum freedom to negotiate new trade […]

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10 things we know about Brexit (that we didn’t a month ago)

Here are the 10 things we now know about Brexit… that we didn’t know a month ago. 1 Bookies and money markets also get things horribly wrong Opinion polls were discredited in Britain during the 2015 general election. They predicted a hung parliament, but David Cameron’s Conservatives won an overall majority. Polls right up to […]

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Central Bank cuts growth forecasts after Brexit vote

The Central Bank has revised down its growth projections for the Irish economy this year and next year on the back of Brexit. Irish GDP growth will be 0.2 percentage points lower this year than initially thought, and 0.6 percentage points lower next year.But it is still forecasting strong growth of 4.9pc in 2016 and […]

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Central Bank to beef up security at south Dublin currency centre

The Central Bank is planning an €8.5 million revamp of its south Dublin currency centre to modernise the complex and boost security. The Sandyford-based facility was constructed in the late 1970s and was designed to house the printing facility for Irish currency notes. At the time, architect Sam Stephenson was awarded the Royal Institute of […]

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