European shares hit 6-week high on Greece, Alfa Laval surges

European shares climbed to a six-week high on Thursday after the Greek parliament passed sweeping austerity measures demanded by its lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro. Swedish engineering group Alfa […]

Greece crisis: Parliament votes to accept austerity measures as Athens burns

Greek MPs have voted overwhelmingly to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of prime minister Alexis Tsipras’ left-wing party. The bill has fuelled anger in the governing Syriza party and led to […]

Central Bank silent on probes

The Central Bank said it won’t say whether it will use special powers to investigate any of Ireland’s main banks that survived the crash only with the help of bailouts. It comes after the Central Bank said yesterday it had […]

First-time buyer refund scheme ‘almost laughable’

A much-heralded Government initiative aimed at helping first-time buyers onto the property ladder has been described as “almost laughable” by a consumer expert, given current interest rates. The deposit interest retention tax (Dirt) relief applying to deposits up to the […]

Irish loans top EU average

The cost of credit facing many businesses was unchanged in the latest quarter, but the rates banks here are charging companies are much higher than elsewhere in the eurozone, according to Central Bank data published yesterday. Its regular survey of […]

IMF trims global economic outlook

The IMF has cut its forecast for global growth this year, citing a weaker first quarter in the US and warning that financial-market turbulence from China to Greece clouds the outlook. The world economy will grow 3.3% in 2015, less […]

Inflation eases as motor insurance and rents soar

Motor insurance costs and private rents have soared in the past year, even as the prices of many other goods and services have fallen sharply, the latest inflation figures show. The CSO said that its consumer price index showed that […]

MEP calls for ‘urgent’ investment in regions

Failure to invest in critical regional infrastructure could jeopardise economic growth in the south of the country and limit business development, according to Fine Gael MEP Seán Kelly. Crucial transport infrastructure must be prioritised to safeguard the initial signs of […]

Ireland set to become €8bn renewable energy hub

Ireland is poised to become an €8 billion ‘green energy’ hub on the back of a significant offshore windfarm project being planned for the north Irish Sea. Irish-owned clean energy firms, Oriel Windfarm and Gaelectric have signed a memorandum of […]

Pressure on Ireland as UK cuts corporate tax

The UK is to cut its corporate tax rate from 20% to 18% by 2020; thus lessening Ireland’s advantage in attracting foreign direct investment. The North is also seeking to get a special rate in the next few years of […]

Stay connected with us in your favorite flavor!