Euro zone businesses off to bumper start in second quarter: PMI
Euro zone businesses had a solid start to the second quarter of the year with activity picking up at its fastest pace in almost three years, surveys showed on Tuesday, suggesting a broad-based recovery is taking hold in the bloc.
While Germany continued to lead the upturn, businesses in Spain and Ireland grew at their fastest pace since before the financial crisis.
Services sector hits seven year high in April
THE services sector in April grew at the fastest rate in seven years with employers adding jobs as the outlook improved with our main trading partners.
The employment sub-index rose to 60 from 58.5, its highest level since 2006.
EU financial transaction tax 'won't come before 2016'
Selected euro zone countries will implement a planned tax on financial transactions in 2016 at the earliest, their finance ministers agreed on Monday according to diplomats, leaving unresolved the much-disputed design of the levy.
Having failed to garner global support, Germany and France have led European efforts to introduce a trading tax, seen by some as a vote winner at a time of public anger over bankers’ bonuses and fines …
Bank of Ireland's business banking customers face online uncertainty
BANK of Ireland’s business banking customers face an uncertain period after the bank declined to offer an alternative to an insecure web browser for sensitive banking procedures.
The move leaves the bank’s thousands of business customers wondering whether the security of their transactions might be at risk.
Both the US and UK governments have warned people against using Microsoft’s Internet Explorer web browser since a security flaw in the system …
Honohan warns of deflation risk
The head of the Central Bank has said he is concerned about low inflation across the eurozone and warned that the Government must stick to budget targets following the EU-IMF bailout exit to retain market support.
The European Central Bank (ECB), where Governor Patrick Honohan is a board member, “has been concerned about low inflation not only in 2014 but in the forecasts for 2015 and 2016,” he told reporters …