Tuesday, 31 Mar 2020

Business

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Digital Data Gives Billboard Owners More Reason to ‘Love a Good Traffic Jam’

The increasingly lengthy commute isn’t just a traffic jam. It’s a captive audience for advertisers. The average one-way trip for commuters in the United States in 2017 was 26.9 minutes, according to the Census Bureau. That was up from 26.6 minutes in 2016 and added two and a half hours to the average time commuting […]

Cairn Homes secures green light for another 459 homes in west Dublin

One of the country’s largest developers, Cairn Homes, has been given the go-ahead to build more than 450 new homes on the outskirts of Dublin. Cairn has proposed a strategic housing development along Fortunestown Lane, near Citywest Business Park. The Luas Red Line runs alongside the 18-acre site, which remains vacant. The Irish and London-listed […]

Bertie Ahern: 'Ireland can't give an inch on avoiding hard border'

Former Taoiseach Bertie Ahern has warned that Ireland “can’t give an inch” on measures to avoid a post-Brexit hard border in Ireland. Mr Ahern has said that Brexiteers in the UK have “copped on late” that they could be stuck with the so-called backstop to avoid a border with Northern Ireland “for a long-time”. A […]

AIB names economist Colin Hunt to take over as CEO

THE State-controlled AIB has named Dr Colin Hunt – a one-time economic adviser to Brian Cowen – as its next chief executive. The proposed appointment is subject to consultation with the Minister for Finance Paschal Donohoe and approval by the Central Bank, but each is expected to be a formality. Dr Hunt is a well-known […]

Small-cap S&P 600 index confirms bear market

NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. On Friday, the small-cap S&P 600 Index .SPCY fell 1.6 percent to mark a 20.05 percent decline […]

Brexit crisis deepens but 'no need for mini-Budget'

Taoiseach Leo Varadkar has insisted taxpayers will not face the hardship of a mini-Budget in the spring if there is a no-deal Brexit on March 29. The Economic and Social Research Institute (ESRI) has this week predicted a major hit for the Irish economy in the event of the UK leaving the EU without a […]

Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources

WASHINGTON/NEW YORK (Reuters) – T-Mobile US Inc and Sprint Corp believe their foreign owners’ offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company. Like all major U.S. wireless carriers, […]

U.S. core retail sales surge in November

WASHINGTON (Reuters) – U.S. consumer spending appeared to gather momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. The Commerce Department said on Friday retail sales excluding automobiles, gasoline, building materials and food services surged 0.9 percent last […]