The News

Euro zone Q4 GDP confirmed flat on a quarterly basis

Euro zone economic growth was flat in the last three months of the 2023 against the previous quarter and up 0.1% against the same time in 2022, Eurostat said today, confirming its earlier preliminary estimate. After euro zone output contracted 0.1% quarter-on-quarter in the third quarter, the result for the last three months is a […]

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Germany overtakes Japan as world’s third-biggest economy

Once forecast to become the world’s biggest economy, Japan slipped below Germany last year to fourth place, official data showed today, although India is projected to leapfrog both later this decade. Despite growing 1.9%, Japan’s nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany, […]

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Romance fraud warning as €7m stolen over five years

People have been urged to beware of romance scams and criminals who are seeking to take advantage of the increased popularity of dating apps this St Valentine’s Day. More than €7 million has been stolen from the victims of romance fraud in the past five years, according to gardaí. The majority of the 245 victims […]

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US consumer prices rise more than expected in January

US consumer prices increased more than expected in January amid rises in the costs of housing and healthcare, but the pick-up in inflation likely does not change expectations that the Federal Reserve will start cutting interest rates in the first half of this year. The US consumer price index increased 0.3% last month after gaining […]

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Government approves public sector pay deal

The Government has given formal approval to the public sector pay deal agreed last month. Following negotiations at the Workplace Relations Commission (WRC), unions, staff associations and government representatives reached agreement on a package that provides for increases of 10.25% over a two and a half year period. The agreement will cost around €3.6 billion […]

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Labour and materials continue to drive construction costs higher

Labour and raw material costs continue to drive pricing higher in the construction sector, new research has found. The Construction Industry Federation Construction Outlook Survey for the first quarter of the year found two thirds of respondents saw labour costs rise year on year and 60% saw raw materials increase. More than half of the […]

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