Crude prices dropped below $60 for the first time in nearly three months today, as the death toll from China’s coronavirus rose and more businesses were forced to shut down, fuelling expectations of slowing oil demand. Brent crude was down $1.40 a barrel at $59.29 this afternoon to mark its lowest since late October and […]
Category: Syndicated
The European Union, China and 15 other countries agreed today to develop a temporary system for appealing trade dispute rulings after the recent US-provoked collapse of the WTO appeals body. Ministers from the group published a joint statement announcing a “multi-party interim appeal arrangement”. The arrangement was reached during a meeting at the World Economic […]
Euro zone business activity remained lacklustre at the start of the year, a survey showed today but there were some glimmers of hope for policymakers. The survey comes a day after the European Central Bank said the manufacturing sector remained a drag on the euro zone economy. ECB rate-setters did not make any policy change […]
The tourism industry needs to focus on costs and competitiveness as the sector faces into choppier waters in the years ahead, according to the head of the national tourism development authority, Fáilte Ireland. Paul Kelly said the industry had to avoid complacency against a backdrop of a softening in demand. “We absolutely need to keep our […]
The European Central Bank launched a broad review of its policy today that is likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it. The European Central Bank has fallen short of its inflation target of just under 2% for years, even after Lagarde’s predecessor, Mario Draghi, launched […]
French Finance Minister Bruno Le Maire said France had reached an agreement with the US on the basis for future talks over a global digital tax, at the Organisation for Economic Development (OECD) level. “We had long talks this morning with the US Treasury Secretary and the OECD Secretary General,” Mr Le Marie said at the World Economic […]
The tourism industry needs to focus on costs and competitiveness as the sector faces into choppier waters in the years ahead. That’s according to the head of the national tourism development authority, Fáilte Ireland. Paul Kelly said the industry had to avoid complacency against a backdrop of a softening in demand. “We absolutely need to […]
Research by the Economic and Social Research Institute has found that the Irish tax system does more than any other system in the EU to redistribute income and reduce inequality. It also found that raising the point at which taxpayers pay the higher rate of tax, or abolishing the Universal Social Charge, would both favour those […]
European Central Bank President Christine Lagarde is set to launch a broad review of the bank’s policy today that is likely to see her redefine the ECB’s main goal and how to achieve it. The ECB has fallen short of its inflation target of just under 2% for years despite increasingly aggressive stimulus measures under […]
The chief executive of IDA Ireland has said it is hard to see how a digital tax makes sense. Speaking to RTE News in Davos at the World Economic Forum annual meeting, Martin Shanahan said Ireland believes the issue should be dealt with on a multilateral basis through the OECD. His comments came just hours […]
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Web: www.michaelfdolan.ie
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