US delays Huawei ban for 90 days US officials have issued a 90-day reprieve on their ban on dealing with Chinese tech giant Huawei, saying breathing space was needed to avoid huge disruption. A Commerce Department filing said the delay does not change the ban imposed by President Donald Trump on national security grounds, an […]
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The Central Statistics Office has sharply revised downwards unemployment rates for March and April, taking the level below 5% for the first time since the financial crisis over a decade ago. Monthly unemployment rates have been subject to sharp revisions in recent quarters. The CSO said today that the jobless rate in April had been […]
US announces six-month reprieve on car tariffs The White House has said that President Donald Trump is delaying a decision by up to six months on whether to impose tariffs on imported cars and parts to allow for more time for trade talks with the European Union and Japan. It said, however, Mr Trump agreed […]
Oil rises after OPEC+ says to keep output cuts, Iran tension rises Oil prices rose to multi-week highs today after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. Brent crude was up by 90 cents, or 1.3%, at $73.11 […]
Sterling rises off 5-month lows after biggest weekly drop this year Sterling inched above five-month lows today as British Prime Minister Theresa May makes a last-ditch attempt to get a Brexit deal through parliament before she leaves office. However continued scepticism from the opposition Labour Party capped gains. After failing three times to get parliament’s […]
Euro zone April inflation confirmed at 1.7% Euro zone prices rose by 1.7% in April, EU statistics agency Eurostat confirmed today, while slightly revising upwards its estimates for core inflation. Eurostat said consumer prices in the 19-nation euro zone were 1.7% higher year-on-year, the same level as the flash estimate published on May 3, and […]
EU goods surplus with US eases, deficit with China widens The European Union’s trade surplus in goods with the US decreased in the first three months of 2019, but its deficit with China widened, figures released today showed. The 28-nation bloc’s surplus with the US slipped to €33.9 billion in the three months from January […]
EU fines five major banks for currency collusion The European Commission has today fined Barclays, Citigroup, JP Morgan, Japan’s MUFG and Royal Bank of Scotland a combined €1.07 billion for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in fines worldwide over the last decade for the rigging […]
New home completions up by 23% in first quarter – CSO The number of new homes built in the first quarter of this year rose by 23.2%, the latest figures from the Central Statistics Office show. The CSO said a total of 4,275 new dwellings were finished in the first three months of the year, […]
Mild weather so far this year boosts Irish retailers A new report shows that the value of retail sales rose by 4.7% in the first quarter of the year, boosted by a mild winter and early spring weather. The Retail Monitor, from Retail Ireland – the Ibec group that represents the sector – said there […]
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Recent News
Fed cuts rates but sees slower pace of further reductions December 19, 2024
Residential property prices up 9.7% in October – CSO December 19, 2024
Spending by BOI customers up 6.8% on Black Friday December 19, 2024
Holyhead Port to stay closed until 15 January ‘at the earliest’ December 18, 2024
Planning permissions down 10.9% in third quarter – CSO December 18, 2024
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Park House,
Main Street,
Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
Fax: +353 (0)91 842663
Email: michael@michaelfdolan.ie
Web: www.michaelfdolan.ie
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