The Bank of England has downgraded its growth forecast for 2019 growth to 1.2%, which would be the smallest rise since 2009. Sterling tumbled on the news and was trading 0.6% down versus the US dollar at $1.285. Against the euro, the pound was down 0.3% at €1.134. And the falls might only just have […]
Ireland has made significant strides in boosting the number of young women entering science-based careers but 75pc of STEM-type jobs are still filled by men. The revelation came more than 6,000 Transition Year girls attend ‘I Wish’ events in Cork and Dublin to promote STEM (Science, Technology, Engineering and Maths) careers. The events – being […]
SYDNEY (Reuters) – Asian share markets hovered near four-month highs on Thursday with Australian equities the star performer while the New Zealand dollar sank after disappointing jobs data prompted investors to narrow the odds of a future rate cut. Trading was still light overall with China on holiday and no major economic data on the […]
Sales of Jameson whiskey passed the four million cases mark in the six months to 31 December. The drink reported value growth of 8pc, and volume growth of 6pc during the period, according to interim results from Irish Distillers. Standout regions for the company included Sub-Saharan Africa, which saw 40pc growth (excluding South Africa), and […]
NEW YORK (Reuters) – The Australian dollar tumbled on Wednesday after the country’s central bank signaled a possible interest-rate cut in the latest indication that a global economic slowdown is tilting policymakers toward looser monetary policy, while a gauge of world equity markets edged off two-month highs. Wall Street’s benchmark S&P 500 slipped amid concerns […]
NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations. The benchmark S&P 500 and the Nasdaq were weighed by declines in shares of Electronic Arts Inc, which tumbled 13.3 percent after the videogame publisher forecast full-year revenue below Wall […]
After an uproar from delivery workers and customers, Instacart, the Silicon Valley delivery start-up, is reversing a pay practice that drew accusations of tip theft. [Read more about the outrage over tipping policies at Instacart and DoorDash.] In a blog post on Wednesday, Apoorva Mehta, Instacart’s chief executive, admitted that the company had “fallen short” […]
The music-streaming giant Spotify, moving aggressively to expand beyond its core service, said Wednesday it had agreed to buy two companies that will bolster its podcast roster and help to reduce its reliance on major record labels. The acquisitions include Gimlet Media, the studio behind the popular podcasts “Crimetown,” “Reply All” and “StartUp,” and Anchor, […]
A global tech firm with a hub in Dublin’s Docklands will be creating 150 new highly skilled jobs here as part of a €8m investment in its Irish workforce. French firm Assystem Technologies and its affiliates – including SQS Ireland – are relaunching under new brand Expleo today after 50 years in business. The rebrand […]
Shares in building materials group CRH opened almost 5pc higher this morning on the Irish Stock Exchange. The share price in Ireland’s largest company advanced to €27.40, higher than any close since October 9, and up from €26.18 in the previous session. Trading volume was more than 19 times the 20-day average for this time […]