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Oil prices fall due to weak economic data, Saudi output recovery

Oil prices fall due to weak economic data, Saudi output recovery Oil prices fell today after weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand. The drops also came as Saudi Arabia said it could restore oil output faster than anticipated following attacks last week. Brent crude futures […]

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Dublin city councillors vote to cut property tax by 15%

Dublin city councillors vote to cut property tax by 15% Dublin city councillors have again voted to reduce the annual local property tax by 15% – the maximum amount allowable. The elected councillors refused to accept the advice of management who pointed out this will mean €12m less for public services at a time when […]

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Sterling rallies, stocks slip on Supreme Court ruling

Sterling rallies, stocks slip on Supreme Court ruling Sterling extended gains on Tuesday while euro zone stocks tumbled after Britain’s Supreme Court ruled that British prime minister Boris Johnson had acted unlawfully when he advised Queen Elizabeth to suspend Parliament this month. The British currency gained as much as 0.4 per cent against the euro […]

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Euro zone business growth halts as Germany goes into reverse

Euro zone business growth halts as Germany goes into reverse Euro zone business growth stalled this month, dragged down by shrinking activity in powerhouse Germany, where a manufacturing recession deepened unexpectedly. Today’s downbeat survey results come less than two weeks after the European Central Bank pledged indefinite stimulus to revive the 19-country currency bloc’s ailing […]

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Central Bank warns on Brexit and corporation tax ‘shock’

Central Bank warns on Brexit and corporation tax ‘shock’ The Central Bank has warned that a disorderly Brexit and a reduction in the amount of corporation tax collected by the Exchequer could deliver a negative shock to the public finances. In an Economic Letter published today, the Central Bank has forecast that the national debt […]

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Some jobs and businesses may not be saved in event of no-deal Brexit – Taoiseach

Some jobs and businesses may not be saved in event of no-deal Brexit – Taoiseach The Taoiseach has warned that some jobs and some businesses may not be saved in the event of a no-deal Brexit at the end of next month. Leo Varadkar also told the Dáil that there “hasn’t been an enormous take-up […]

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‘Palpable’ risk of no-deal Brexit remains – Juncker

‘Palpable’ risk of no-deal Brexit remains – Juncker European Commission President Jean-Claude Juncker said there was a “palpable” risk of a no-deal Brexit and progress on replacing the backstop could not be made to reach a deal until the UK submitted written proposals. Speaking at the European Parliament, he said “the risk of a no-deal […]

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UK car imports spend races 181% higher in summer months – Fexco

UK car imports spend races 181% higher in summer months – Fexco New figures show that Irish motorists increased their spending on cars imported from the UK by 181% in July and August compared to the same two months in 2018. The figures show that the country’s car import boom is picking up speed as […]

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House rebuild costs rise by 6%, SCSI survey shows

House rebuild costs rise by 6%, SCSI survey shows National average re-build costs have increased by an average of 6% over the past year, the latest Guide to House Rebuilding Costs from the Society of Chartered Surveyors Ireland reveals. The Guide to House Rebuilding Costs is used by homeowners to calculate the rebuilding costs of […]

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House rebuild costs rise by 6%, SCSI survey shows

House rebuild costs rise by 6%, SCSI survey shows National average re-build costs have increased by an average of 6% over the past year, the latest Guide to House Rebuilding Costs from the Society of Chartered Surveyors Ireland reveals. The Guide to House Rebuilding Costs is used by homeowners to calculate the rebuilding costs of […]

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