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UK 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…

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The 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…

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Draft review of stamp duty does not advocate for increase in rate

A review of the stamp duty rate on the purchase of ten or more homes is not advocating for a hike in the 10% rate. RTÉ News has learned that the early draft of the Department of Finance’s review favours leaving the rate unchanged. The study of the rate commenced earlier this year following a…

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Australia 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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Irish employers least likely to use AI – global survey

Irish employers are least likely to use artificial intelligence (AI) in the workplace, according to new global research. The survey of 79,000 businesses across Australia, Canada, Ireland, New Zealand, and the UK was conducted by HR firm The Peninsula Group. The research found that employers in Australia and New Zealand are the most likely to…

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Irish wind farms set new August generation record

Wind Energy Ireland said that wind generation here hit the highest on record for the month of August. Its figures show that wind power generation in August totalled 1,068 gigawatt-hours (GWh), an increase of 3% when compared to the previous record set during the same month last year at 1,042 GWh. Wind Energy Ireland said…

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Construction PMI flat for second month in a row in August

Construction activity was flat for the second month in a row in August, according to the latest Purchasing Managers’ Index from BNP Paribas Real Estate Ireland. The construction PMI showed a reading of 50 – the no-change mark – and which was broadly in line with the figure of 49.9 posted in July. The latest…

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Fixed broadband subscriber lines increase 3%

Fixed broadband subscriber lines increased to 1.67 milllion between April and June, up over 3% on the same time last year. The latest data from the Commission for Communications Regulation (ComReg) reveals that over 45% of these lines were fibre-to-the-premises (FTTP). This was up from 35% the same time last year. ComReg said FTTP is…

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New products and services to spur growth for 77% of firms

77% of companies expect to grow their business in the next five years by developing new products and services, research from Deloitte shows. The survey of 128 businesses involved in ‘Ireland’s Best Managed Companies’ programme reveals that 63% plan to increase their headcount, while 56% are planning mergers and acquisitions. Just 2% of the companies…

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