Archive for July 2024

Airports and airlines across Europe are experiencing technical issues as media companies, banks and telecom firms around the world also reported that system outages were disrupting their operations. Amsterdam’s Schiphol Airport, one of Europe’s busiest hubs, is also being affected by a cyber outage, a spokesperson confirmed. “The outage has an impact on flights flying…

The domestic tourism market grew strongly in 2023 with over 14.3 million trips taken by Irish holidaymakers which generated €3.1 billion for the economy. New figures from Fáilte Ireland show over one million extra domestic holidays were taken by Irish people in 2023, an annual increase of 8%. Related expenditure was also up by 6.5%…

The European Central Bank kept interest rates unchanged as expected today, with its president Christine Lagarde saying a move in September was “wide open”. The ECB cut rates from record highs last month in a move that even some of its policymakers considered rushed after progress on lowering inflation to its 2% target stalled. With…

The Governing Council of the European Central Bank (ECB) is expected to leave interest rates unchanged when it meets later today. The likely pause follows the decision to cut rates by 0.25% at the last meeting of the bank’s chiefs in June, the first reduction since 2019. That brought the key deposit rate back down…

The annual rate of increase in the price of homes around the country picked up further in pace in May, new data from the Central Statistics Office shows. The CSO’s Residential Property Price Index rose by 8.2% in the 12 months to the end of May, compared to 7.9% in the year to the end…

New car sales in the European Union rose 4.3% in June to their highest since July 2019, driven by an uptick in major markets Italy, Germany, and Spain, while registrations of battery electric cars fell marginally, data from Europe’s auto industry body showed today. The European Automobile Manufacturers Association (ACEA) said a rise in registrations…

In the digital era, technological advancements have revolutionised the way businesses handle their finances. From streamlining operations to enhancing data accuracy, the right technology can significantly boost financial efficiency. Here’s an overview of essential tools from KAAS that every business should consider to optimise their financial processes. 1. Cloud-Based Accounting Software Gone are the days…

The global economy is set for modest growth over the next two years amid cooling activity in the US, a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound, the International Monetary Fund said today. The IMF warned in an update to its World Economic Outlook (WEO) that…

Just 15% of businesses here say they are fully compliant with the European Union’s General Data Protection Regulation (GDPR) rules. A survey by Ipsos B&A, conducted on behalf of Forvis Mazars and McCann Fitzgerald, found that 58% of firms deemed themselves to be ‘materially compliant’, while 25% were ‘somewhat compliant’. That is despite more companies…