European markets plunged this morning as investors grappled with the possibility of a recession after sweeping tariffs announced by US last week. US President Donald Trump showed no sign of backing away from the tariff plans despite retaliation from China, pushing investors to price in interest rate cuts by the European Central Bank and the […]
Oil prices slid more than 3% today, extending last week’s losses, as escalating trade tensions between the US and China stoked fears of a recession that would reduce demand for crude. Brent futures declined $1.41, or 2.15%, to $64.17 a barrel in early trade, while US West Texas Intermediate crude futures lost $1.35, or 2.18%, […]
Tax receipts in the first three months of the year were up 8.9% on the same time last year. Figures from the Department of Finance show the tax take stood at €21.9 billion at the end of March. This is excluding a payment of €1.7bn which was part of a settlement made by Apple. The […]
Vacant properties and above-the-shop units could provide an answer to the housing crisis, according to the Hardware Association of Ireland. It estimates that there are at least 20,000 vacant units of this type ready for transformation. The association is the representative body for Irish hardware and DIY retailers, builders’ merchants, distributers and manufacturers. It represents […]
Countries around the world have threatened to wage a trade war with the United States as President Donald Trump’s sweeping tariffs fed expectations for a global downturn and sharp price hikes for swathes of goods in the world’s biggest consumer market. The penalties announced by Mr Trump on Wednesday triggered a plunge in world financial […]
The Government’s “working assumption” is that there will be further US tariffs focused on pharmaceuticals, Tánaiste Simon Harris has said. The sector received an exemption from a sweeping 20% tax on EU goods announced by President Donald Trump yesterday. The US President made the announcement in a much-anticipated address from the White House in what he […]
European Commission President Ursula von der Leyen has said that US President Trump’s universal tariffs are a major blow to the world economy, which she said will suffer massively. Mr Trump unveiled a 10% minimum tariff on most goods imported to the United States – with a higher 20% rate for the European Union – […]
The country’s services sector expanded at its fastest pace this year in March, driven by a sharp increase in new business and employment, according to a survey released today. The AIB Ireland Services Business Activity Index rose to 55.3 in March from 53.2 in February, indicating strong growth, AIB reported. A reading above 50 signals […]
European Commission President Ursula von der Leyen has warned “all options are on the table” in response to US President Donald Trump’s tariffs threats, saying while the EU does not want an economic conflict it has the “power to push back”. Speaking at the European Parliament’s plenary session in Strasbourg, France, in a debate where […]
New figures from the Central Statistics Office show that the unemployment rate rose slightly to 4% in March from a record low of 3.9% a month earlier. The jobless rate in February had matched the previous record low recorded between October 2000 and April 2001 in the early days of the ‘Celtic Tiger’ boom. The […]
