Safe harbour: Fears for Irish jobs in new threat to data treaty with US

European data privacy agencies may be set to reject a treaty between the EU and the US on data privacy, a move that could cost Irish companies dearly. According to leaked documents published by German data protection authorities, Europe’s most influential privacy regulators are to say that the so-called ‘Privacy Shield’ accord agreed by the […]

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European stock bounce counters broader market gloom

World markets struggled for direction on Monday, with renewed strength in the yen, government bonds and gold pointing to heightened caution among investors, but a sharp rebound in European stocks suggesting a pent-up appetite for risk. As the U.S. first quarter earnings season kicks off and G20 finance chiefs gear up for talks in Washington […]

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Number of houses for sale now is lower than during recession

A chronic lack of homes across the country means there are now fewer houses for sale than when the property market collapsed during the darkest days of the recession. And an analysis of recent trends in the residential market by property website Daft.ie shows the total number of properties for sale at any one time […]

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Healthy profits in Irish food and drink

There has been an explosion of Irish companies producing high quality food and drink for Irish and international markets and on this week’s Ready Business show, Brian Purcell spoke to two entrepreneurs who have found success. Gary Lavin, co-founder and Managing Director of VitHit and Brian Lee, founder of Chopped, explained their very different journeys […]

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Amazon’s staff in Ireland set for $50m share windfall over two years

Staff at the Irish units of internet giant Amazon are set to reap a total of almost $50m (€44m) worth of share awards this year and in 2017. The move comes as Jeff Bezos, the founder of the world’s most valuable retailer, this week extolled Amazon as “the best place in the world to fail”. […]

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Energy shares help European shares to edge higher

European equities edged higher in early trading on Wednesday after steep declines in the previous session, with energy shares gaining following a bounce back in crude oil prices. The STOXX Europe Oil and Gas index rose 1.2pc, the top sectoral gainer, after crude prices jumped on hopes for an agreement among exporters to freeze output. […]

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EU bailout boss warns Ireland would be worst hit by a Brexit

Ireland would be hurt more than any other Eurozone country by a UK exit from the EU, the head of the European bailout fund has said. “For certain euro-area countries it would certainly be costly – particularly for Ireland,” said Klaus Regling, head of the European Financial Stability Facility (EFSF), which financed a quarter of […]

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Pfizer pulls out of €140bn Irish Allergan merger

US drug maker Pfizer agreed on Tuesday to terminate its $160bn (€140bn) agreement to acquire Botox maker Allergan, in a major victory to US President Barack Obama’s drive to stop tax-dodging corporate mergers. The decision to end the biggest tax “inversion” ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to […]

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Unemployment falls to eight-year low of 8.6%, CSO reveals

Figures suggest number of workers classified as unemployed fell by 2,900 last month Unemployment hit a new eight-year low of 8.6 per cent last month as conditions in the wider economy continue to pick up. The latest official figures show the number of workers classified as unemployed fell by 2,900 to 187,700 in March. The […]

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