Category: Syndicated

Dollar soars, euro tumbles as Trump wins election

The dollar soared today and was set for its biggest one-day rise since March 2020 after Republican Donald Trump won the US presidential election, while the euro, Chinese yuan and Mexican peso were among the biggest losers on potential new tariffs in the regions. Trump beat Democrat Vice President Kamala Harris to retake the White […]

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Over 700 cybersecurity incidents in Ireland last year

The National Cyber Security Centre (NCSC) received 5,276 reports last year, 721 of which were confirmed as cybersecurity incidents. This led to the opening of 309 investigations. The figures are contained in the National Cyber Security Annual Update 2023 which was published today. According to the report, the vast majority of incidents were categorised as […]

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Euro zone business holds steady in October, PMI shows

Euro zone business activity held steady last month, a small improvement from September’s modest decline, supported by an expansion in the bloc’s dominant services industry that offset an ongoing – but stabilising – decline in manufacturing. HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good gauge […]

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Over half of firms now get electricity from renewable sources

Over half of Irish businesses are now using electricity from renewable energy sources, new research has found. The survey also established that 90% of industry leaders would be willing to pay a higher price for certified renewable energy. A majority of the 100 participants said they had signed deals to buy renewable energy in order […]

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Services sector continues to grow solidly in October

There was a sustained uptick in activity in the services sector last month, the latest AIB Ireland Services Purchasing Managers Index shows. However, growth momentum eased from September’s six-month high, the data shows. Overall the index fell from 55.7 in September to 53.8 in October. “The rate of growth in the Irish services sector was […]

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Personal loan drawdowns hit highest level ever in second quarter

Strong demand for car loans propelled the value of personal loan drawdowns to the highest level recorded during the second quarter of the year. In total 60,674 loans worth a total of €641m were provided during the April to June period. That was up 7.6% in volume and 18.9% in value, when compared to the […]

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Over 700 cybersecurity incidents in Ireland last year

The National Cyber Security Centre (NCSC) received 5,276 reports last year, 721 of which were confirmed as cybersecurity incidents. This led to the opening of 309 investigations. The figures are contained in the National Cyber Security Annual Update 2023 which was published today. According to the report, the vast majority of incidents were categorised as […]

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OPEC+ agrees to delay December output hike for a month

OPEC+ has agreed to delay a planned December oil output increase by one month, the group said, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market. Eight members of OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, were […]

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October new car registrations up 9.7%, but EV registrations down 12.3%

New figures from the Society of the Irish Motor Industry (SIMI) show that new car registrations for October rose by 9.7% to 2,423 when compared to the figure of 2,208 the same month last year. Registrations so far this year are down 1.2% to 119,668 on the 121,134 cars registered the same time last year. […]

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Government urged to ‘ramp up’ broadband capacity

The Government has been told that National Broadband Ireland should seek to ramp up its capacity to meet the demand for new connections in anticipation of continued strong take-up. The recommendation is contained in an independent evaluation report of the National Broadband Plan which was prepared by EY Ireland. The study was based on extensive […]

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