News

Google has opened a new €150m data centre in west Dublin bringing its total investment in capital assets in Ireland to over €750m. The tech giant, which employs 3,000 people directly and a further 3,000 indirectly here, has increased its staffing levels by over 20pc in the last 12 months. The new data centre in […]

Banks here are ready for a Brexit, the deputy governor of the Central Bank said. With just over a week to go until the crucial UK vote, Sharon Donnery said disruption and volatility in the financial markets is the chief short-term risk posed by a possible vote by the UK to withdraw from the EU. […]

The goods trade surplus expanded by more than a fifth in April as exports increased and imports fell. Preliminary figures for the month, published by the Central Statistics Office, shows that seasonally adjusted goods exports increased by €254m to €9.24bn in the month. By contrast, goods imports slipped by 11pc to €4.7bn, dragged down by […]

Brexit, migration, geopolitical tensions and debt. They’re the big issues that are fuelling economic uncertainty, according to the Central Bank’s latest Macro Financial Review. The scary thing is that of the four issues identified, there’s only one on which we can have any impact – debt. The first three are external and entirely out of […]

The pound weakened to almost 80 pence against the euro and the cost of hedging rose as investors grew more concerned about the outcome of next week’s EU referendum. It could mean bad news for retail businesses in border areas in the Republic, as shoppers may capitalise on the weaker pound and shop in Northern […]

Annual growth of 7.7% in year to March 2016 sees Ireland outpace growth in Germany, Netherlands and Canada Irish house price growth may have stalled of late, but new figures show that Ireland was nonetheless one of the fastest growing markets in the world in the year to March 2016. According to figures from the […]

New study shows huge potential for job creation from renewable energy Solar power could create up to 7,300 jobs while meeting 7 per cent of electricity demand, according to report published by the industry on Tuesday. The Irish Solar Energy Association is lobbying the Government for supports similar those given to wind and other renewables, […]

The British pound fell to an eight-week low against the dollar and a three-year low against the yen on Monday as investors grew more nervous of a referendum that could pull Britain out of the European Union. The yen gained broadly, hitting a one-month high against the dollar and three-year high against the euro on […]

THE National Treasury Management Agency has announced plans to raise a further €500m in the markets. The T-Bills will have a six month maturity. The NTMA is the State debt management agency. Earlier this month, the body raised €750m in a bond auction. In March the NTMA issued its first ever 100-year government bond at […]

Business leaders within the construction industry see the establishment of a new State Housing Bank as the preferred solution to the housing crisis, a new survey has shown. According to the latest PwC Construction Industry Survey, 44pc of those quizzed see the establishment of the bank as the most popular corrective action. The proposed bank […]