Business News

EU budget summit ends with no agreement

24th February 2020

A marathon EU summit called to set the next seven-year budget ended in impasse tonight after the 27 member countries failed to find common ground. The two-day gathering saw a stand-off between poorer countries and “frugal” member states seeking to rein in spending. The departure of the UK means there will be a hole of […]

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Virus pandemic fears knock European markets

24th February 2020

A jump in number of coronavirus cases outside China hit European shares this morning, as investors feared the outbreak will take a bigger toll on global growth than anticipated. The pan-European STOXX 600 tumbled 2.5% in early trade, on pace for its biggest percentage loss since October, with all the major regional indexes down over […]

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Virus pandemic fears knock European markets

24th February 2020

A jump in number of coronavirus cases outside China hit European shares this morning, as investors feared the outbreak will take a bigger toll on global growth than anticipated. The pan-European STOXX 600 tumbled 2.5% in early trade, on pace for its biggest percentage loss since October, with all the major regional indexes down over […]

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Hotel sector reports mixed performance for 2019

24th February 2020

The hotel and guesthouse sector here experienced a mixed performance for 2019, against the backdrop of a significant fall in overseas visitor growth.  New figures from the Irish Hotels Federation show that room occupancy nationally grew marginally during the year, finishing at 73% compared to 72% in 2018.  However, the wide gap between the occupancy […]

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Hotel sector reports mixed performance for 2019

24th February 2020

The hotel and guesthouse sector here experienced a mixed performance for 2019, against the backdrop of a significant fall in overseas visitor growth.  New figures from the Irish Hotels Federation show that room occupancy nationally grew marginally during the year, finishing at 73% compared to 72% in 2018.  However, the wide gap between the occupancy […]

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Consumer prices rose by 1.3% in year to January

21st February 2020

Consumer prices rose by 1.3% in the year to the end of January, according to the Central Statistics Office, maintaining the level recorded at the end of 2019. Prices fell on a monthly basis, however, by 0.7%. According to the CSO prices in education saw the biggest increase over the 12 month period, up 4.1%.  […]

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Significant gaps as EU budget negotiations to resume

21st February 2020

EU leaders will resume negotiations this morning on the seven year budget after failing to make any breakthrough in talks late last night. There are still significant gaps between bigger net contributors and poorer member states over the size of the budget and what the spending priorities should be. Leo Varadkar is expected to join […]

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NTMA sells €500m of Treasury Bills with -0.535% yield

21st February 2020

The National Treasury Management Agency has sold €500m worth of Treasury Bills. The manager of the State’s finances said it received bids worth a total of €1.425 billion – almost three times the amount on offer. The bills have a maturity of six months and were sold at a yield of -0.535%. Today’s auction was […]

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EU leaders face tough negotiations over budget

20th February 2020

EU leaders will gather in Brussels in an attempt to reach agreement on the next seven-year budget which faces a shortfall of up to €75 billion due to the UK’s departure. A number of richer countries want to limit the increase in the budget to 1% of gross national income, but they are facing strong resistance from […]

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European shares hit record high on drop in new coronavirus cases

20th February 2020

European shares notched a fresh record high on Wednesday, as a decline in the number of new coronavirus cases and hopes of more stimulus from Beijing helped a recovery from fears of a sustained hit to global supply and demand. DUBLIN Glanbia, which is due to publish full-year results next week, was one of the […]

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