News

High debt pile a low risk to economy, says NTMA chief

February 28, 2020By splashdebt, Syndicated

While Ireland’s stock of sovereign debt is still high, the risk it presents to the country’s economic future is now low due to a lower interest bill, better government finances and higher credit ratings. This is according to the chief executive of the National Treasury Management Agency. “I would caution that we are still not […]

European stocks dive 3% as coronavirus raises recession fears

February 28, 2020By splashstock, Syndicated

European shares sank between 2% and 3% this morning as investors feared a global recession is on the horizon with the coronavirus spreading across the world. Four more countries – including Northern Ireland – reported their first cases of coronavirus, pushing the number of countries outside China, the source of the outbreak with infections, to 55. The […]

Ireland’s tax rules ‘used for aggressive tax planning’

February 27, 2020By splashSyndicated, tax

The European Commission has claimed that “Ireland’s tax rules are used for aggressive tax planning”. The claim is made in a report on the Irish economy published today. The report is part of a package of reports on all member state economies regularly produced by the Commission. The Commission makes specific reference to withholding taxes, […]

Prices in Ireland 27% above EU average – CSO

February 27, 2020By splashcso, Syndicated

Irish consumers pay the second highest prices in Europe, according to new figures from the Central Statistics Office. The country also has the highest proportion across the EU of graduates in the so-called STEM subjects of mathematics, science and technology. The Measuring Ireland’s Progress report for 2018, published by the CSO, paints a picture of […]

Consumer sentiment remains subdued in February

February 27, 2020By splashconsumer, Syndicated

Consumer sentiment remained subdued in February as concerns over household finances largely cancelled out optimism around the economy in general, a new survey shows today. Ireland has remained the European Union’s fastest growing economy during three years of Brexit talks. But today’s survey shows that many consumers are not seeing an improvement to their financial […]

Enterprise Ireland invested €24m in Irish start-ups

February 26, 2020By splashenterprise, Syndicated

600 delegates are attending the Enterprise Ireland Start-Up Showcase today in Croke Park. Enterprise Ireland, the government agency responsible for the development and growth of Irish companies in global markets, invested a total of €24m in Irish start-ups in 2019 and supported a total of 127 start-up companies. The investments were provided through Enterprise Ireland’s […]

Average earnings rise by 3.5% last year – CSO

February 26, 2020By splashearnings, Syndicated

Average earnings in the economy rose by 3.5% last year, according to the latest figures from the Central Statistics Office. The highest earnings were in the Information and Communication sector while the lowest earnings were in the Accommodation and Food Services sector. Today’s CSO figures show that in the last three months of last year, […]

Early gains fade for European shares as virus fears weigh

February 25, 2020By splashshares, Syndicated

European shares edged lower today after recording their worst losses since June 2016 in the previous session. Trading was still dominated by concern that the coronavirus outbreak is spreading fast outside China. After opening up about 0.4%, the pan-European STOXX 600 shed those gains more than hour into trading to trade 0.3% lower. Banking shares were […]

EU budget summit ends with no agreement

February 24, 2020By splashbudget, Syndicated

A marathon EU summit called to set the next seven-year budget ended in impasse tonight after the 27 member countries failed to find common ground. The two-day gathering saw a stand-off between poorer countries and “frugal” member states seeking to rein in spending. The departure of the UK means there will be a hole of […]

Virus pandemic fears knock European markets

February 24, 2020By splashMarkets, Syndicated

A jump in number of coronavirus cases outside China hit European shares this morning, as investors feared the outbreak will take a bigger toll on global growth than anticipated. The pan-European STOXX 600 tumbled 2.5% in early trade, on pace for its biggest percentage loss since October, with all the major regional indexes down over […]

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