Categorized as: Syndicated News

Germany’s jobless rate hits record low, reflecting robust labour market

Germany’s jobless numbers dropped more than expected in May, pushing down the unemployment rate to a record low, data showed on Wednesday, reflecting the robustness of a labour market that has become a key driver of a consumer-led upswing. The Federal Labour Office said the seasonally adjusted jobless total fell by 11,000 to 2.358 million. […]

European shares slide as Italian election risk reignites euro break-up anxieties

European shares slumped for a second day on Tuesday as investors took flight on renewed fears of euro zone break-up risk as Italy embarked on a new election campaign which could become a proxy referendum on euro membership. Italy’s main stock index sank to a nine month low in early deals, down 1.6pc by 07:25 […]

Fears fresh Italian election will be a ‘euro referendum’

Chaos ruled the Italian markets yesterday as the nation plunged deeper into political turmoil, with knock-on effects for other highly-indebted eurozone countries – including Ireland. Italy’s borrowing costs for two-year bonds surged to the highest level in four years on Monday – a holiday in much of Europe – while stocks slumped for a fourth […]

Calls made for urgent law changes to prevent car insurance market ‘cartel’

Urgent legislative changes have been called for to prevent cartel-type operations in the motor insurance industry. It comes as a major investigation by the European Commission into motor insurance here is focusing on allegations the industry has created obstacles for new players to enter the market. Following a series of raids last year, investigators are […]

Ireland’s largest Tesco to open creating 175 new jobs

Tesco Ireland will today open its biggest store in Ireland with the creation of 175 new jobs.Tesco Ireland will today open its biggest store in Ireland with the creation of 175 new jobs.Tesco Ireland will today open its biggest store in Ireland with the creation of 175 new jobs. The €30m environmentally-friendly store is located […]

Poor credit history? Late payers now facing extra charges on credit cards

Customers with poor credit histories will be charged more than people who have always paid their bills promptly, as “personalised pricing” is introduced in Ireland for the first time. Provider Avantcard is introducing the tiered interest rates, the first personalised pricing for any form of consumer borrowing in this country. It is likely to spur […]

Insurance now the biggest bill for GAA clubs

The cost of insurance has doubled for GAA clubs in the past five years. Tom Ryan, the director general of the Gaelic Athletic Association, told an Oireachtas committee that the cost of insurance premiums is a major challenge for the organisation. The sports body is one of a number of community groups that appeared before […]

Adrian Weckler on GDPR: A foolproof guide to what all those emails really mean

WE’VE all been getting the incessant emails. They say things like: “Let’s keep in touch!” And: “Important – if you want to keep receiving our emails …” For weeks, they’ve been filling up our inboxes because of what is happening today. Europe’s sweeping new data privacy law, the General Data Protection Regulation (GDPR), came into […]

Eurozone data signals recovery has peaked

Eurozone economic growth slowed much more sharply than expected this month, a business survey showed. That fact, along with weaker inflation, has intensified concerns there will be no return to the bloc’s recent boom times. The European Central Bank under president Mario Draghi is expected to end its asset-purchase programme this year and hike interest […]

New data laws will be used as opportunity by cyber criminals: gardaí

Cyber criminals are planning to take advantage of new data laws with a fresh wave of scam phone calls and emails, gardaí have warned. Criminals are planning to take advantage of the new data privacy law coming into effect tomorrow to steal from people. The scammers will send fake emails pretending to be from legitimate […]