Business News

Risk of no-deal Brexit has never been greater – Coveney

22nd May 2019

Risk of no-deal Brexit has never been greater – Coveney Tánaiste and Minster for Foreign Affairs Simon Coveney has warned Cabinet colleagues that at no point in the last two-and-a-half years has the risk of a no-deal Brexit been greater. He said that while a hard Brexit could still be avoided, Britain had failed to […]

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US delays Huawei ban for 90 days

22nd May 2019

US delays Huawei ban for 90 days US officials have issued a 90-day reprieve on their ban on dealing with Chinese tech giant Huawei, saying breathing space was needed to avoid huge disruption. A Commerce Department filing said the delay does not change the ban imposed by President Donald Trump on national security grounds, an […]

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Unemployment rate revised sharply lower to 4.6% – CSO

22nd May 2019

The Central Statistics Office has sharply revised downwards unemployment rates for March and April, taking the level below 5% for the first time since the financial crisis over a decade ago. Monthly unemployment rates have been subject to sharp revisions in recent quarters. The CSO said today that the jobless rate in April had been […]

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US announces six-month reprieve on car tariffs

21st May 2019

US announces six-month reprieve on car tariffs The White House has said that President Donald Trump is delaying a decision by up to six months on whether to impose tariffs on imported cars and parts to allow for more time for trade talks with the European Union and Japan. It said, however, Mr Trump agreed […]

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Oil rises after OPEC+ says to keep output cuts, Iran tension rises

21st May 2019

Oil rises after OPEC+ says to keep output cuts, Iran tension rises Oil prices rose to multi-week highs today after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. Brent crude was up by 90 cents, or 1.3%, at $73.11 […]

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Sterling rises off 5-month lows after biggest weekly drop this year

21st May 2019

Sterling rises off 5-month lows after biggest weekly drop this year Sterling inched above five-month lows today as British Prime Minister Theresa May makes a last-ditch attempt to get a Brexit deal through parliament before she leaves office. However continued scepticism from the opposition Labour Party capped gains. After failing three times to get parliament’s […]

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Euro zone April inflation confirmed at 1.7%

20th May 2019

Euro zone April inflation confirmed at 1.7% Euro zone prices rose by 1.7% in April, EU statistics agency Eurostat confirmed today, while slightly revising upwards its estimates for core inflation. Eurostat said consumer prices in the 19-nation euro zone were 1.7% higher year-on-year, the same level as the flash estimate published on May 3, and […]

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Euro zone April inflation confirmed at 1.7%

20th May 2019

Euro zone April inflation confirmed at 1.7% Euro zone prices rose by 1.7% in April, EU statistics agency Eurostat confirmed today, while slightly revising upwards its estimates for core inflation. Eurostat said consumer prices in the 19-nation euro zone were 1.7% higher year-on-year, the same level as the flash estimate published on May 3, and […]

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EU goods surplus with US eases, deficit with China widens

20th May 2019

EU goods surplus with US eases, deficit with China widens The European Union’s trade surplus in goods with the US decreased in the first three months of 2019, but its deficit with China widened, figures released today showed. The 28-nation bloc’s surplus with the US slipped to €33.9 billion in the three months from January […]

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EU goods surplus with US eases, deficit with China widens

20th May 2019

EU goods surplus with US eases, deficit with China widens The European Union’s trade surplus in goods with the US decreased in the first three months of 2019, but its deficit with China widened, figures released today showed. The 28-nation bloc’s surplus with the US slipped to €33.9 billion in the three months from January […]

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