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Businesses say Ireland is running out of warehousing space amid Brexit fears

Businesses say Ireland is running out of warehousing space amid Brexit fears

Groups representing businesses have said Ireland is running out of warehousing space as retailers and manufacturers rush to stockpile amid growing fears of a no-deal Brexit on 31 October.

New figures from Savills Estate Agents show warehouses in Dublin have reached over 96% capacity.

A crash-out Brexit could result in new border checks for goods flowing between the …

European bond yields fall as markets anticipate fresh ECB stimulus measures

European bond yields fall as markets anticipate fresh ECB stimulus measures

Government bond yields in the euro area are hovering near record lows, reflecting heightened expectations for European Central Bank easing soon and concern about global recession risks.

Ten-year bond yields in Germany and Italy were poised to record their biggest weekly falls since mid-2018, while Spanish 10-year yields, down 23 basis points this week, are on track for their …

Wall Street rises on strong retail sales data; recession fears remain

Wall Street rises on strong retail sales data; recession fears remain

US stocks rose in choppy trading today, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession.

However, a slump in shares of network gear maker Cisco limited gains.

Cisco Systems Inc dropped 6.2% and was the biggest drag on all three major indexes, after the Dow component blamed the …

Export values to the UK down in June but up for the half year

Export values to the UK down in June but up for the half year

The value of exports fell by 5% in the month of June compared to the same month last year.

According to figures from the CSO, goods exports totalled €12.1 billion in the month, a decrease of €663 million on June 2018.

However, when compared to the previous month, goods exports fell by €1.9 billion, or 14%, …

Brexit impacting skill requirements of companies; state training body

Brexit impacting skill requirements of companies; state training body

Brexit is having an impact on the skills requirements of companies here, according to the head of the state body tasked with upskilling the workforce.

Paul Healy, CEO of Skillnet Ireland, said the decision of our nearest neighbour to leave the EU was affecting the training and talent needs of businesses right across the economy.

“Brexit is pervasive. It has skills …

July was the busiest month ever at Dublin Airport

July was the busiest month ever at Dublin Airport

Almost 3.5 million passengers travelled through Dublin Airport in July, making it the busiest month in the airport’s 79-year history.

Passenger numbers increased by 4% compared to the same month last year as the airport welcomed an average of more than 110,000 passengers per day during the month.

The number of passengers travelling to and from continental Europe increased by …

2.2 million Irish people have private health insurance – Health Insurance Authority

2.2 million Irish people have private health insurance – Health Insurance Authority

The number of people with private health insurance in Ireland rose to 2.2 million at the end of last year, representing 45% of the population, according to the Health Insurance Authority.

The figures have risen year on year since 2014, and so has the premium income for insurance companies. In 2018, premium income rose to €2.85 billion, up …

Consumer price growth slows in July – CSO

Consumer price growth slows in July – CSO

Consumer prices rose by 0.5% in July compared to the same month of 2018, according to the Central Statistics Office.

That represents a significant slowdown in the pace of inflation, which stood at 1.1% in the year to June and 1.7% in April.

In the year to July the cost of housing and utilities – including water, electricity and fuel – rose …

Ireland’s national debt reached equivalent of €42,500 per person in 2018

Ireland’s national debt reached equivalent of €42,500 per person in 2018

The amount of debt owed by the state rose to the equivalent of €42,500 for every person in the country last year, according to a new report released by the Government.

The Annual Report on Public Debt shows that Ireland’s debt mountain stood at €206bn at the end of 2018, up €5bn compared to a year earlier.

This means …

Euro zone bond yields sink further as trade war steps up

Euro zone bond yields sink further as trade war steps up

Euro zone government bond yields slid back towards recent lows on Tuesday as investors remained cautious on risk after the US branded China a currency manipulator, escalating their trade war.

Safe-haven bond yields fell, while global stocks extended already substantial losses on Tuesday, after Washington designated Beijing a currency manipulator.

Euro zone bond yields extended Monday’s declines, which came …

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