Archive for September 2024
European Central Bank expected to further cut interest rates
The European Central Bank is widely expected to cut interest rates by 0.25% later today. The development follows a significant drop in inflation across countries which use the euro. An announcement is expected from the ECB early this afternoon. Last month, inflation in the eurozone fell back to 2.2% which is close to the ECB’s…
Read MoreUS consumer inflation eases more than expected in August
US consumer inflation eased more than expected last month, according to government data published today, likely bolstering calls for the Federal Reserve to cut interest rates next week. A rate cut by the Fed would act to boost demand in the world’s largest economy. That would give the Democratic party some good economic news to…
Read MoreRebound of hiring confidence in the tech sector – survey
Ireland’s tech sector expects a resurgence in hiring confidence following consecutive quarters of stagnant recruitment, according to the latest Manpower Group Employment Outlook Survey. The study shows that hiring optimism in the sector has reached its highest level since the post-pandemic hiring boom. Despite this, hiring at volume is expected to remain subdued, with high-skilled…
Read More5 Key Steps to Protect Your Business from Financial Fraud
Financial fraud is an ever-present threat to businesses of all sizes. As companies continue to digitalise their operations, they become increasingly vulnerable to sophisticated fraud schemes. From cybercrime to internal theft, financial fraud can have devastating consequences for your business, damaging your finances, reputation, and even customer trust. Protecting your business from financial fraud requires…
Read MoreUK economy shows no growth in July as manufacturing sags
Britain’s economy stagnated for a second month in a row in July as manufacturing output dropped sharply, an inauspicious start for the new government of Prime Minister Keir Starmer who wants to accelerate the pace of growth. Economic output showed no change in month-on-month terms in July, as it did in June, data from the…
Read MoreApple tax funds ‘cannot be used for day-to-day spending’, says Tánaiste
Taoiseach Simon Harris has said that the €14 billion in tax due to Ireland following the ruling against Apple cannot be used for day-to-day spending, adding that the Government will give careful consideration on how best to use the funds. Apple this morning lost its fight against the European Commission’s ruling that it underpaid €13…
Read MoreTourism providers report disappointing summer season
New research from Fáilte Ireland has found the crucial summer tourism season was a disappointing one for more than half of operators here. 53% of those industry providers had fewer customers this summer than last, with 23% reporting similar levels and 24% recording more. The data from the national tourism development authority also found that…
Read MoreThe Financial Impact of Employee Wellbeing: Why It Matters
In today’s competitive business landscape, employee wellbeing is no longer a ‘nice-to-have’; it is a critical component of a company’s success. The financial impact of investing in employee wellbeing extends far beyond initial costs—it has profound long-term effects on productivity, employee retention, and overall business profitability. In this article from KAAS, we explore how prioritising…
Read MoreState completes latest renewable energy auction, but at relatively high price
The State has completed the fourth auction under the Renewable Energy Support Scheme (RESS 4). The process saw more than 2GWh of capacity provisionally procured, enough to power up to half a million homes. Four wind farms will provide 1,146 GWh of that total, coupled with solar projects that will generate 925GWh. The average weighted…
Read MoreAustralia plans social media minimum age limit
Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, sparking a backlash from digital rights advocates who warn the measure could drive dangerous online activity underground. Prime Minister Anthony Albanese said his government would run an age verification trial before introducing age minimum…
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