Uncategorized

Ireland sees 12% increase in brand value – survey

Ireland sees 12% increase in brand value – survey

Ireland has recorded a 12% increase in brand value over the past year to bring its total to $604 billion.

This is according to the latest report by Brand Finance, which ranks the 100 most valuable and strongest nation brands every year.

Brand Finance said that Ireland was the fastest-growing nation brand in Western Europe this year with all the other …

Fear of ‘difficult’ tenants driving landlords out of market – RTB

Fear of ‘difficult’ tenants driving landlords out of market – RTB

The chairman designate of the Residential Tenancies Board has said the fear of difficult tenants is one of the reasons why “accidental” landlords are getting out of the market.

Speaking to the Oireachtas Housing Committee, Tom Dunne said some landlords are “vulnerable” and he said they need support.

He said many are “accidental” landlords who might not be aware …

Consumer sentiment falls to 6 year low on Brexit fears

Consumer sentiment falls to 6 year low on Brexit fears

Consumer sentiment here fell to a six-year low last month, the third month in a row in which it has fallen.

According to the KBC Bank Ireland Consumer Sentiment Index, Brexit uncertainty continues to drive people’s confidence in the economy and their personal finances lower.

“While the drop in confidence in September was notably smaller than in either of …

Euro zone inflation slows in September on cheaper energy

Euro zone inflation slows in September on cheaper energy

Euro zone inflation slowed further year-on-year in September because of cheaper energy, new figures showed today.

But the core measure excluding such volatile components rose, the first estimate from the European Union’s statistics office Eurostat showed.

The numbers underline the difference of opinion over the state of the euro zone economy among the governors of the European Central Ban.

The …

Oil prices fall due to weak economic data, Saudi output recovery

Oil prices fall due to weak economic data, Saudi output recovery

Oil prices fell today after weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand.

The drops also came as Saudi Arabia said it could restore oil output faster than anticipated following attacks last week.

Brent crude futures dropped 95 cents to $63.82 a barrel today, while US West Texas Intermediate futures …

IFAC urges Budget caution over Brexit, global risks

IFAC urges Budget caution over Brexit, global risks

The Irish Fiscal Advisory Council has urged the Government not to rely on surges in corporation tax to cover spending overruns.

In its pre-Budget statement, the economic watchdog has said the Government should be cautious because of the risks associated with Brexit and a “worsening outlook” in the rest of the world.

IFAC said Ireland’s underlying budgetary position has deteriorated since 2015.

‘Industry central to Ireland’s climate action targets’

‘Industry central to Ireland’s climate action targets’

The government has advised industry that the environment needs to move higher up their agenda if businesses want to remain competitive.

“Irish enterprise has failed to break the link between economic prosperity and damaging greenhouse gas emissions,” Minister for Communications, Climate Action and Environment, Richard Bruton, told an industry meeting at Dublin Castle.

“To be competitive in a global economy which is adjusting …

Irish employment growth slows to a 6-year low

Irish employment growth slows to a 6-year low

New figures from the Central Statistics Office show the numbers employed in the economy falling from March to June of this year.

The CSO’s latest Labour Force Survey has led to an upward revision in the unemployment rate for July from 4.6% to 5.3%.

The number of people at work is a key measurement of how our economy is doing.

New parental leave regulations coming into effect in September

New parental leave regulations coming into effect in September

New parental leave regulations will come into effect on September 1.

Employees will be entitled to 22 weeks unpaid parental leave which is an additional 4 weeks on current entitlements. This will then increase a further 4 weeks to 26 weeks from 1 September 2020.

The new Parental Leave Act also increases the maximum age of the child for whom parental …

4,920 new homes built between April and June – CSO

4,920 new homes built between April and June – CSO

There were 4,920 new homes completed between April and June, according to the CSO, an 11.8% increase year-on-year.

More than half of those – 2,834 – were part of a scheme, which is classified as a development of two or more houses.

That figure is 2.6% higher than in the same three months of 2018.

Almost 760 apartments were built …

^