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Fórsa to begin ballot on public pay deal in February

Tue, 01/30/2024 - 16:18
Ireland's largest public service trade union, Fórsa, will commence a ballot on the new public sector pay deal next month.

Rising labour costs to become driver of core inflation

Tue, 01/30/2024 - 15:53
The Governor of the Central Bank has said that fast-rising labour costs will become the main driver of core inflation, as the effects of past energy price shocks and other pressures begin to fade.

GM shares jump as CEO promises shareholders more cash

Tue, 01/30/2024 - 15:12
General Motors shares jumped today after the company gave investors an upbeat outlook for 2024 and signaled more capital will be returned to shareholders.

Wind turbine blades to be turned into e-mobility hub

Tue, 01/30/2024 - 14:54
The ESB Group has announced a plan to turn decommissioned wind turbine blades into a new e-mobility hub.

UPS to cut 12,000 jobs on weak e-commerce demand

Tue, 01/30/2024 - 14:34
United Parcel Service said today it would cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year 2024 revenue below estimates.

IMF cuts UK's growth forecast for next year

Tue, 01/30/2024 - 14:28
The International Monetary Fund (IMF) cut its growth forecast for Britain for 2025 today after increased estimates of the size of the economy in previous years left it with less catch-up potential than previously thought.

Loss of skills may have contributed to Boeing problems

Tue, 01/30/2024 - 14:24
A senior United Airlines executive has highlighted the widespread loss of experience in the aviation industry since the Covid-19 pandemic and said it may have contributed to recent problems at Boeing.

What factors influence housing supply in Ireland, NI and the UK?

Tue, 01/30/2024 - 13:59
The role of private developers in the housing market is somewhat unusual compared to other European housing models

IMF lifts global growth forecast citing 'resilience'

Tue, 01/30/2024 - 13:12
The IMF said today it has raised its 2024 global growth forecast to 3.1%, citing unexpected "resilience" in major advanced and emerging market economies around the world.

Ryanair will take as many Boeing MAX 10s as it can get

Tue, 01/30/2024 - 12:50
Ryanair will take as many Boeing MAX 10 aircraft as it can get, the airline group's CEO told Reuters today, reiterating his confidence in the US planemaker.

Pfizer posts surprise profit on demand for Covid products

Tue, 01/30/2024 - 11:53
Pfizer has today reported a surprise quarterly profit, as Covid products demand was better than the company's expectations and research costs declined.

Annual wholesale electricity prices down 67% in December

Tue, 01/30/2024 - 11:49
New figures from the Central Statistics Office show that wholesale electricity prices continued to trend downwards during 2023 and were at their lowest point in December since April 2021.

Vhi to increase premiums by 7% from March

Tue, 01/30/2024 - 11:19
Vhi, the largest provider of private health insurance in the State, is set to increase its premiums by an average of 7% from March 1.

Bank of Ireland to invest over €60m in ATMs, branches

Tue, 01/30/2024 - 11:00
Bank of Ireland has today announced its biggest ATM investment in the last decade with new ATMs to be installed in every Bank of Ireland branch across the island of Ireland.

Euro zone narrowly avoids technical recession in Q4

Tue, 01/30/2024 - 10:37
The euro zone's economy stagnated last year, weighed down by an industrial malaise in Germany, its former powerhouse, data showed today.

'Year of elections' adds to uncertainty for investors

Tue, 01/30/2024 - 10:17
The unusually high number of elections taking place around the world this year poses a challenge to markets, according to one of the country's largest investment managers.

German economy contracted in fourth quarter

Tue, 01/30/2024 - 10:01
The German economy shrank in the final three months of 2023, the statistics office said today, with economists increasingly warning of another technical recession for Europe's largest economy in the first quarter of 2024.

Will Deposit Return Scheme see us change our recycling behaviour?

Tue, 01/30/2024 - 09:18
It's probably the biggest environmental behaviour change since the plastic bag levy, but are we any good at dealing with change?

Norway wealth fund posts $213 billion profit

Tue, 01/30/2024 - 08:56
Norway's $1.6 trillion sovereign wealth fund, the world's largest, reported a record profit of 2.22 trillion Norwegian crowns ($213 billion) in 2023, driven by strong returns on its investments in technology stocks.

Uniphar says 2023 performance in line with expectations

Tue, 01/30/2024 - 08:47
Healthcare services group Uniphar said today that the business had performed in line with its expectations for 2023 at both a gross profit and EBITDA level.

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