Key Irish export sectors now more dependent on UK than 10 years ago

Some Irish exporting sectors have seen their dependence on the UK market increase since the turn of the millennium, even though the exports share overall to the UK has been declining. A new paper from the Department of Finance shows the extent to which some sectors are vulnerable to Brexit. The importance of the UK […]

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Dramatic drop in cost of motor insurance new figures show

There has been a dramatic drop in the cost of motor insurance. New figures show there was a plunge of 14pc in the cost of cover in the last year, the biggest drop since the insurance crisis hit. Central Statistics Office (CSO) inflation figures show the cost of motor insurance was broadly steady in the month […]

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Bitcoin slumps as China clamps down on digital tokens

So-called virtual currency bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately – issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said yesterday that it had […]

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Budget watchdog warns ‘overheating economy’ is real risk

There is a “realistic possibility” that the economy will start to overheat in the coming years if the strong growth rates continue, the state’s budgetary watchdog has warned. It comes as the latest Exchequer data shows that tax revenues in August totalled €2.66bn – about €209m below expectations at this stage of the year, highlighting […]

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Beat green tax and rising energy bills by switching and using less

Households across Ireland have become somewhat accustomed to mostly small but incremental increases in the cost of electricity over the last few years, but get quite a shock with the arrival of your next bill. That’s because the energy regulator has approved a massive 30pc hike in the ‘green’ levy on domestic energy bills that […]

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Web Summit adds 40 jobs – and Al Gore

Paddy Cosgrave’s Web Summit is to hire 40 people in the next six months, bringing the company’s total employment to 200. The company has also announced former US vice president Al Gore and former French president Francois Hollande as headline speakers for the Lisbon-based event in November. European competition commissioner Margrethe Vestager is already confirmed […]

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