People count more than numbers

Job vacancies steadied in second quarter of year

The number of job vacancies remained unchanged in the second quarter of 2024, the first time in two years there was no quarterly decline in vacancies. Hiring platform IrishJobs has today published its Jobs Index for the last three months which it said showed signs of a positive trajectory in the jobs market amid steadier […]

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Flights delayed and airports impacted by tech outages

Airports and airlines across Europe are experiencing technical issues as media companies, banks and telecom firms around the world also reported that system outages were disrupting their operations. Amsterdam’s Schiphol Airport, one of Europe’s busiest hubs, is also being affected by a cyber outage, a spokesperson confirmed. “The outage has an impact on flights flying […]

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ECB keeps rates unchanged, offers no guidance on next move

The European Central Bank kept interest rates unchanged as expected today, with its president Christine Lagarde saying a move in September was “wide open”. The ECB cut rates from record highs last month in a move that even some of its policymakers considered rushed after progress on lowering inflation to its 2% target stalled. With […]

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Over one million domestic holidays taken last year, up 8%

The domestic tourism market grew strongly in 2023 with over 14.3 million trips taken by Irish holidaymakers which generated €3.1 billion for the economy. New figures from Fáilte Ireland show over one million extra domestic holidays were taken by Irish people in 2023, an annual increase of 8%. Related expenditure was also up by 6.5% […]

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EU new car sales rise 4.3% in June

New car sales in the European Union rose 4.3% in June to their highest since July 2019, driven by an uptick in major markets Italy, Germany, and Spain, while registrations of battery electric cars fell marginally, data from Europe’s auto industry body showed today. The European Automobile Manufacturers Association (ACEA) said a rise in registrations […]

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ECB not expected to cut interest rates any further today

The Governing Council of the European Central Bank (ECB) is expected to leave interest rates unchanged when it meets later today. The likely pause follows the decision to cut rates by 0.25% at the last meeting of the bank’s chiefs in June, the first reduction since 2019. That brought the key deposit rate back down […]

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IMF sees steady global growth, warns of slowing disinflation

The global economy is set for modest growth over the next two years amid cooling activity in the US, a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound, the International Monetary Fund said today. The IMF warned in an update to its World Economic Outlook (WEO) that […]

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Rebound in Dublin office lettings, but vacancy still rising

There has been a strong rebound in Dublin office lettings, but a surge in supply in driving vacancy rates higher. New data from BNP Paribas Real Estate Ireland shows that 86,250 sq m of office accommodation was taken-up between April and June. This is the highest figure for two and a half years, and surpasses […]

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Just 15% of Irish firms ‘fully compliant’ with GDPR

Just 15% of businesses here say they are fully compliant with the European Union’s General Data Protection Regulation (GDPR) rules. A survey by Ipsos B&A, conducted on behalf of Forvis Mazars and McCann Fitzgerald, found that 58% of firms deemed themselves to be ‘materially compliant’, while 25% were ‘somewhat compliant’. That is despite more companies […]

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