Category: Syndicated

High costs pose threat to business competitiveness – NCC report

High costs pose threat to business competitiveness – NCC report The National Competitiveness Council has warned that rising rents, the increasing cost of labour, and a high marginal tax rate pose possible threats to the competitiveness of businesses in Ireland. Its Cost of Doing Business in Ireland report also cautions that above European Union average […]

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Female board representation here passes 30% mark

Female board representation here passes 30% mark The gender composition of boards in Ireland has passed the 30% female representation level, a 7% increase since 2017. New research conducted by EY shows that the average gender composition of boards now comprises 31% women and 69% men. But in spite of the increase, just 35% of […]

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Dublin 7th most expensive place in the world to build

Dublin 7th most expensive place in the world to build Dublin is the seventh most expensive place in the world to build, with average construction costs at $3,245.10 per metre squared, a new report shows. The International Construction Market Survey, from global professional services company Turner & Townsend, shows that San Francisco takes the top […]

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Insurance fraud crisis is costing jobs, says top judge

Insurance fraud crisis is costing jobs, says top judge Former High Court president Nicholas Kearns has expressed frustration at the slow pace of insurance reform, saying the country risks reputational damage if the claims culture is not tackled. He is baffled that a dedicated Garda unit has not been set up to prosecute fraudsters, and […]

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Safe-haven Euro zone bonds dented by Brexit but buffered by ECB

Safe-haven Euro zone bonds dented by Brexit but buffered by ECB Germany’s 10-year bond yield edged up on Thursday as a no-deal Brexit was avoided for now but held firmly below zero percent thanks to a signal from the European Central Bank that it will do all it can to fight low economic growth and […]

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‘Technology can create more jobs than it eliminates,’ insists Varadkar as firm announces 600 new roles

‘Technology can create more jobs than it eliminates,’ insists Varadkar as firm announces 600 new roles Taoiseach Leo Varadkar has insisted new technology will create more jobs than it eliminates but says that up to 40pc of today’s jobs will be taken by robots in the future. Mr Varadkar was speaking in Limerick as American […]

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Tourism industry looking to woo more Chinese visitors

Tourism industry looking to woo more Chinese visitors Irish tourist service providers are being urged to take steps to attract more visitors from China in order to offset any drop in numbers coming here from the UK after Brexit. Fáilte Ireland is running a series of workshops around the country that aim to teach people […]

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No deal Brexit risks severe economic shock, IMF warns

No deal Brexit risks severe economic shock, IMF warns The UK economy risks a serious shock if the UK leaves the EU without a deal, the International Monetary Fund said today, warning of severe trade disruption and slower economic growth. In a report marking the coming spring meeting, published just days before the scheduled Brexit […]

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Energy costs bump US consumer inflation higher in March

Energy costs bump US consumer inflation higher in March A jump in US fuel and electricity costs drove consumer prices higher in March but underlying trends still pointed to tame inflation pressures, according to government data released today. The fresh sign that inflation remains subdued – despite steady job creation and falling unemployment – will […]

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Housebuilding boosts ‘robust’ construction growth

Housebuilding boosts ‘robust’ construction growth Construction sector output remained strong in March, and was led by housebuilding for the third month in a row, according to the latest industry figures. Ulster Bank’s construction industry purchasing managers index (PMI) tracks output and sentiment among hundreds of managers month to month. The latest PMI reading of 55.9 […]

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