Business News

Euro drops on ECB fears the currency is now too strong

18th August 2017

The euro’s gains against currencies including the dollar and the pound have been enough to alarm European Central Bank policymakers, who fear the currency could overshoot beyond levels justified by growth. The concerns were raised when rate-setters met on July 20 to discuss policy, and are including in minutes of the event published yesterday. The […]

Read More

Ireland ‘ideally positioned’ to be a global leader in wave and tidal energy

18th August 2017

Ireland is “ideally positioned” to become a global leader in wave and tidal energy production, according to the organiser of an international conference being held in Cork at the end of this month. More than 400 experts, entrepreneurs and researchers will attend the European Wave and Tidal Energy Conference in Cork this month. “With our […]

Read More

Private data exchange between businesses set to surpass the internet

18th August 2017

The bandwidth used in private data exchange between businesses will be six times that of the internet by 2020, with interconnection bandwidth outpacing growth of the internet by nearly two to one. According to interconnection and data centre company Equinix, who have produced the Global Interconnection Index, global interconnection bandwidth – which is the total […]

Read More

Weaker euro and stronger growth lift European shares

17th August 2017

European shares were already on track for their best week since late April on Wednesday, gaining almost 1pc on forecast-beating growth data, rising metals prices and a weakening euro. US stocks were also set to open some 0.2pc higher, index futures suggested , Metals markets were buoyant, with the price of zinc, used to galvanise […]

Read More

Housing shortage to drive up prices by 15pc over the next three years

17th August 2017

House prices are set to rise by 15pc over the next three years, a survey conducted by the Central Bank has found. The survey of estate agents, auctioneers, economists and surveyors indicates prices will rise by eight per cent nationally this year. Dublin prices are set to rise by 10pc, the property professionals told the […]

Read More

Housing shortage to drive up prices by 15pc over the next three years

17th August 2017

House prices are set to rise by 15pc over the next three years, a survey conducted by the Central Bank has found. The survey of estate agents, auctioneers, economists and surveyors indicates prices will rise by eight per cent nationally this year. Dublin prices are set to rise by 10pc, the property professionals told the […]

Read More

A design for life: Irish business star Chupi chases jewellery dream

17th August 2017

‘Start small and make your mistakes while no one is watching’ – Chupi Chupi Sweetman, the Irish designer behind the jewellery brand ‘Chupi’ has been designing and creating since she got her first Singer sewing machine at the age of five. Now 32 she says that key to her success has been starting small and […]

Read More

E-commerce transactions now make up almost half of credit card spending

11th August 2017

E-commerce now accounts for 30pc of debit card point of sale transactions and almost one in two credit card purchases, according to the latest data from the Central Bank of Ireland (CBI). Overall debit card point of sale transactions in Ireland were worth €2.9bn in June 2017, 16pc higher than the same month in 2016, […]

Read More

Budget cuts preventing investment in tech

11th August 2017

Eight in ten IT departments in Ireland are being held back from making investments in new technologies due to budget cuts, according to research from Sungard Availability Services. This figure is considerably higher than their counterparts in other countries including the UK and Canada, where 61pc said that they have been held back from making […]

Read More

Property market ‘at middle stage of upturn’

11th August 2017

The two-tiered nature of Ireland’s economic recovery has been highlighted again in a new commercial property report. The latest quarterly commercial property monitor from the Society of Chartered Surveyors Ireland (SCSI) found that only half of members nationally believe that the property market is at the middle stage of an upturn. But that figure is […]

Read More