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News

EU faces new crisis over ‘explosive’ Greek debts, warns IMF

THE EU faces a crisis that threatens the sustainability of the eurozone after the International Monetary Fund (IMF) warned that Greece’s debts are on an “explosive” path despite years of austerity measures and economic reforms.

A fifth of EU banking may shift here after Brexit

Almost a fifth of wholesale finance activity within the European Union could shift to Ireland after Brexit, a Brussels-based think tank has projected.

Le Pen euro pledge weighs on markets

European stocks drifted lower on Monday as investors turned cautious on the region’s assets, including bonds and the euro, as their focus shifted to potential political risks.

Profits down 36pc to €16m at Symantec

Pre-tax profits at the Irish arm of online security firm Symantec last year decreased by 36pc to €16m.

Home building at highest levels since 2009 but still ‘a long way from normal’

Almost 15,000 new homes were completed last year, the largest number since 2009.

Your Money: Don’t let tax bill force you to sell family home

Many young people will find it harder to get their feet onto the property ladder and have been forced to rethink their plans to inherit the family home after the Government clamped down on a popular tax relief over Christmas, […]

Office construction up tenfold in a year

Office construction in Dublin surged last year, jumping tenfold on the completion levels seen in 2015, property firm HWBC has said.

Civil servants will pay nothing towards pensions if unions get their way on levy

More than 13,000 civil servants would pay nothing towards their own pensions if unions get their way at new talks.

Amarenco agrees €1bn renewable energy deal

Irish renewable energy firm Amarenco has entered a joint venture agreement with Infracapital, the investment arm of Prudential-owned M&G Investments, to roll out as much as €1bn worth of projects over the next five years.

Hibernia Reit signs ‘flexible workspace’ deal

Hibernia Reit has signed a five-year deal with Iconic Offices for the establishment of a serviced office and co-working business in Dublin city centre.

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