Archive for August 2024
The Strategic Role of Debt in Fueling Business Growth
In the world of business, debt is often viewed with a sense of caution, even trepidation. However, when managed strategically, debt can be a powerful tool for fuelling business growth. Far from being a burden, the right kind of debt can provide the capital necessary to expand operations, invest in innovation, and ultimately, achieve long-term…
Read MoreDarkening global outlook, central banks’ pivots signal more turbulence
Growing signs of lacklustre growth and risks emerging to the job market overshadowed a gathering of global policymakers at the US Federal Reserve’s annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as US and European central banks eye cutting interest rates. Even as the focus of US and European central bankers shifts…
Read MoreOver 40% of workers did not use full holiday entitlements last year – survey
More than four out of ten people did not make full use of their full holiday entitlements last year, according to new research on annual leave. The survey undertaken by FRS Recruitment shows that almost one in five people did not take five days of annual leave or more, which in business terms represents a…
Read MoreSome mortgage holders with non-bank lenders to face big rate hikes this year
Thousands of mortgage holders who have their loans with non-bank lenders could be set to be see their mortgage rates leap by as much as 3.5 percentage points later this year. The increase will come when their current low fixed rates come to an end and they are forced to choose from one of the…
Read MoreEmployment rate rises, female participation at record high
The employment rate in Ireland has increased almost 3% to over 74%, while female participation is at a record high. New figures from the Central Statistics Office show that over 2.7 million people over the age of 15 and uder 65 were in employment between April and June. That is 71,000 more than the same…
Read MoreECB has room for gradual rate cuts, Kazaks says
The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged, ECB policymaker Martins Kazaks said. The ECB cut rates for the first time after a record string of hikes in June and markets expect a second move on 12…
Read MoreThird of firms put money aside to pay cyber ransoms
Almost a third of businesses in Ireland have money put aside to pay for ransoms arising from ransomware attacks, a new survey has found. Half of the firms surveyed admitted their defences had been breached by a ransomware attack in the last year. While more than half said they had fallen victim to social engineering…
Read MoreThird level education costs double in five years research finds
Parents of young adults attending third-level expect it will cost them €9,511 this year, when in reality if the student is living in rented accommodation they will need €16,100 – almost double the figure five years ago, new research has found. However, if the child is living at home while going to college, the cost…
Read MoreEuro zone August business activity surprisingly strong
Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate cuts from the European Central Bank this year. However, the recovery was mixed as a strong rebound in the bloc’s dominant services industry offset a deeper downturn among manufacturers. HCOB’s preliminary composite…
Read MoreEconomy moderating after years of rapid expansion
Rising global trade tensions and direct competition for Foreign Direct Investment from large economies is already challenging Ireland’s growth potential. This is according to business group, Ibec, which is calling for a renewed focus on the economy’s long-term potential sources of growth. In its latest economic outlook, the group notes that the economy is showing…
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