84% of Irish consumers own a smartphone – ComReg
84% of Irish consumers own a smartphone – ComReg A new survey from ComReg shows that 84% of the population here own a smartphone, with two thirds of these using Google’s Android operating system, while the remainder are using Apple’s iOS. The survey was released ahead of ComReg’s national conference on the Digital Society tomorrow. […]
ECB President hopeful supports bank’s current stance
ECB President hopeful supports bank’s current stance The nominee to be the next President of the European Central Bank, Christine Lagarde, has said she supports the current stance of the ECB. The ECB maintains that “a highly accommodative policy stance is warranted for a prolonged period of time in order to bring inflation back to […]
Number of bankruptcies increase here – ISI
Number of bankruptcies increase here – ISI New figures published today show that so far this year, a total of 183 people were adjudicated bankrupt in Ireland. The figures from the Insolvency Service of Ireland show that 2,323 people were adjudicated bankrupt from January 2014 to December 2018. This compares to a total of 225 […]
‘Bankers are well paid’ – minister says salary cap will stay in place
‘Bankers are well paid’ – minister says salary cap will stay in place Restrictions on banker pay imposed in response to the financial crisis will not be changed, Junior Finance Minister Michael D’Arcy has said. “I’m of the view the decision is made,” Mr D’Arcy said in a Bloomberg TV interview in Hong Kong. “The […]
UK manufacturing output hits seven year low amid Brexit uncertainty
UK manufacturing output hits seven year low amid Brexit uncertainty UK manufacturing output tumbled at the fastest rate in seven years in August, as Brexit uncertainty and the global economic slowdown hit demand. The IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) fell to 47.4 in August, down from a reading of 48 in July. […]
Unemployment rate dips to 5.2% in August – CSO
Unemployment rate dips to 5.2% in August – CSO The unemployment rate fell marginally in August, according to the latest figures from the Central Statistics Office. The latest monthly unemployment figures show unemployment at 5.2%, down from 5.3% in July. The CSO said there were 126,000 people unemployed last month, down 6,400 compared to August […]
Oil falls as US, China add more tariffs in trade war
Oil falls as US, China add more tariffs in trade war Oil prices weakened this morning after new tariffs imposed by the US and China came into force, raising concerns about a further hit to global growth and demand for crude. Brent crude slipped 22 cents, or 0.4%, to $59.03 a barrel this morning, while […]
Third week of gains for the pound after volatile few days
Third week of gains for the pound after volatile few days After a volatile week, the British pound was on course for its biggest monthly gain since February. It was partly accounted for by a drop in the euro which encouraged investors to buy the pound. The single currency fell more than half a percent […]
Stock markets boosted by fresh trade hopes
Stock markets boosted by fresh trade hopes Renewed hopes for trade talks boosted stock markets today after China said it would not retaliate against the latest US tariffs, setting up a positive end to a volatile week. New trade optimism helped alleviate gloom about predictions for a coming slowdown in the world economy, analysts said. […]
Biggest growth in consumer lending in over 10 years; Central Bank
Biggest growth in consumer lending in over 10 years; Central Bank New lending for car purchase in the year to July reached its highest level since the Central Bank started measuring the indicator in 2012. According to the regulator’s figures, gross new lending for car purchase hit €2.1 billion in the twelve month period. Arrangements […]