News

Unemployment in Ireland remained static in the month of July, with figures released by the CSO revealing that 7.8pc of those between 15 and 74 are currently on the live register. That is the same as the rate recorded for June. Unemployment fell by 1.4pc on an annual basis, down from 9.2pc in July of […]

Ronan Dunne, the outgoing Irish chief executive of O2 UK, has been named group president of America’s biggest mobile operator, Verizon Wireless. Mr Dunne will take charge of “all aspects” of Verizon Wireless’ operations in the US, including network, digital and marketing processes, from September. The move places him as a contender for the role […]

Irish energy firm Gaelectric is to receive €8.28m in funding from the European Union to develop a storage project in Northern Ireland. Project CAES Larne, NI – a 330 MW energy storage project using compressed air energy storage technology (‘CAES’) – is being developed by Gaelectric on the Islandmagee peninsula near the port town of […]

Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain’s Brexit vote. The monthly ‘nowcast’ gauge of global activity assembled by Fulcrum Asset Management has picked up momentum dramatically over recent weeks, signalling robust world growth of 4pc growth over the second half of the year […]

Government plans to introduce a controversial ‘sugar tax’ in the upcoming Budget look set to be met by a high-profile legal challenge from the drinks industry, the Irish Independent has learned. Drinks giants are preparing to follow the example set by the tobacco industry – which has already initiated court action against the Government’s plan […]

AIB is set to restore around 3,000 mortgage customers to valuable tracker mortgage rates. The bank, which includes EBS, is as a first move to write to affected customers and restore them to the lower interest rate product, taking them off variables. At a later date, these customers are set to qualify for refunds and […]

AIB is set to restore around 3,000 mortgage customers to valuable tracker mortgage rates. The bank, which includes EBS, is as a first move to write to affected customers and restore them to the lower interest rate product, taking them off variables. At a later date, these customers are set to qualify for refunds and […]

The Rockefeller Brothers fund has emerged as an investor in an African project of Eddie O’Connor’s Mainstream Renewable Power. The fund is run by descendants of legendary businessman John D Rockefeller, described by Forbes as “arguably the richest man in history”. Rockefeller founded Standard Oil and the University of Chicago. The Rockefeller fund – set […]

Irish businesses shouldn’t turn their backs on the UK despite the Brexit vote, with potential opportunities in the NHS, the water market and the Northern Powerhouse agenda, Enterprise Ireland (EI) has said. The positive argument is in contrast to the repeated warnings about the harmful effects of a weakened pound and concerns over the health […]

Mounting pressure on British prime minister Theresa May to leave the customs union could put Anglo-Irish trade ties at risk, it has been reported. According to the Financial Times, Ms May is being urged to leave the union by her trade secretary Liam Fox so that he will receive maximum freedom to negotiate new trade […]