Syndicated News

24 May

Personal injury costs threaten retail viability

Personal injury costs threaten retail viability Retailers have hit out at the slow pace of insurance reform. Rising personal injury awards are threatening the viability of the sector, according to Ibec’s Retail Ireland division. Large numbers of retailers will be unable to meet the rising cost of insurance premiums unless urgent reform to the compensation

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24 May

Consumers spent €1.7 billion online in March

Consumers spent €1.7 billion online in March New figures from the Central Bank show that there are more payment cards than people in this country, with just over six million active credit or debit cards in circulation. In the first three months of the year, Irish people spent just over €1.7 billion using those cards

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23 May

Google complying with EU order in shopping case, says Vestager

Google complying with EU order in shopping case, says Vestager Google is complying with an EU order to boost competition in online shopping, Europe’s competition chief said today, brushing aside complaints from rivals demanding more regulatory action. Google was hit with a €2.4 billion fine two years ago for unfairly promoting its own comparison shopping

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23 May

Top 5 exporters account for over a quarter of all goods exports in 2017

Top 5 exporters account for over a quarter of all goods exports in 2017 New figures from the CSO show that the country’s five biggest exporters accounted for 26% of all exports in 2017 with the pharmaceutical sector the biggest exporter of goods. The Central Statistics Office said that the five highest value exporters accounted

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22 May

Risk of no-deal Brexit has never been greater – Coveney

Risk of no-deal Brexit has never been greater – Coveney Tánaiste and Minster for Foreign Affairs Simon Coveney has warned Cabinet colleagues that at no point in the last two-and-a-half years has the risk of a no-deal Brexit been greater. He said that while a hard Brexit could still be avoided, Britain had failed to

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22 May

US delays Huawei ban for 90 days

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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22 May

Unemployment rate revised sharply lower to 4.6% – CSO

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

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21 May

US announces six-month reprieve on car tariffs

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

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21 May

Oil rises after OPEC+ says to keep output cuts, Iran tension rises

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

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