The News

European Central Bank expected to further cut interest rates

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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 […]

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US consumer inflation eases more than expected in August

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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 […]

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Rebound of hiring confidence in the tech sector – survey

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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 […]

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UK economy shows no growth in July as manufacturing sags

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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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Tourism providers report disappointing summer season

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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 […]

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