Categorized as: Syndicated News

Google to tighten net traffic grip with Irish subsea cable

Google is seeking to increase its control on internet traffic with plans for three new subsea cables, one of which will stop off in Ireland. The web giant has the world’s largest physical network, accounting for up to 25pc of worldwide internet traffic. According to Google vice-president Ben Treynor Sloss, it has spent $30bn (€24.5bn) […]

Eight simple steps to saving a lot of money on your car insurance

GOOD advice, they say, is best served, and observed, frequently. The surge in insurance premiums may have abated but that is no excuse for taking your eye off the ball and accepting what you’re quoted. There are still several ways to save a lot of money. Here are a few: The obvious Shop around like […]

Debt leaves Ireland exposed – Moody’s

Gross government debt was around €8bn higher at the end of September than the same month last year. The debt pile stood at €210.7bn. That compares with €202.4bn at the end of September 2016, according to the latest data from the Central Statistics Office (CSO) has said. The debt-to-GDP ratio, however, is continuing to fall […]

Brexit border controls ‘won’t hit Dublin Port’

The re-introduction of border controls with Britain due to Brexit will not adversely impact Dublin Port, its CEO has insisted. “Over the next two months, we will finalise our plans for the required reintroduction of border controls on trade with Britain and I am confident that the controls required will not significantly hinder the movement […]

Euro hits a three-year high against the dollar amid optimism

The euro has hit a three-year high against the dollar amid rising optimism about growth in the bloc. With data showing economic resurgence in the eurozone, such as the manufacturing purchasing managers’ index which is at a 20 year high, investors are growing more upbeat about the bloc’s prospects. The currency’s rise also coincided with […]

‘Red flag’ warning after oil price surge

Oil hovered near a three-year high of $70 a barrel yesterday on signs that production cuts by Opec and Russia are tightening supplies, but analysts warned of “red flags” due to surging US production. International benchmark Brent crude futures were trading 3 cents lower at $69.84 by mid-afternoon, having risen above $70 earlier in the […]

More than half of consumers still saving

More than half of Irish consumers are continuing to save for a rainy day. The Bank of Ireland Savings and Investment Index published today shows that 53pc of consumers in Ireland were saving regularly during December. But there are signs that households are less keen on the savings environment, indicating they might feel they are […]

Just over 2000 new social houses built by local authorities last year

Just over 2,200 new social houses were built by local authorities last year, less than forecast by the Department of Housing. But the Government has insisted that it has exceeded its target to provide homes to people on council waiting lists – last year, some 25,892 homes or tenancies were supported by the State, 23pc […]

Irish shoppers spent an extra €90m stockpiling on groceries in the weeks before Christmas

The average Irish household spent €1,532 on groceries in the weeks before Christmas, according to figures from research group Kantar Worldpanel this morning. That’s €38 more than they forked out last year on festive food. In the 12 weeks to December 31, the latest figures from Kantar Worldpanel show that shoppers in Ireland spent an […]

Banks now have to allow access to customers’ account details

A RADICAL shake-up will mean banks will no longer have a monopoly on customer account information. The overhaul of banking comes on foot of a European Union directive and takes effect from tomorrow. Banks will have to facilitate other firms that have been given permission by a customer to access account information. The Second Payment […]