Sunday, 19 May 2024

Business

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U.S tariffs will slow GDP growth: Congressional Budget Office

WASHINGTON (Reuters) – Tariffs imposed by the Trump administration will limit growth of U.S. real gross domestic product by an average of 0.1 percent each year for the next 10 years if they remain in place at current levels, the Congressional Budget Office (CBO) said on Monday. The nonpartisan agency said growth of GDP – […]

U.S tariffs will slow GDP growth: Congressional Budget Office

WASHINGTON (Reuters) – Tariffs imposed by the Trump administration will limit growth of U.S. real gross domestic product by an average of 0.1 percent each year for the next 10 years if they remain in place at current levels, the Congressional Budget Office (CBO) said on Monday. The nonpartisan agency said growth of GDP – […]

Tesco says changes to UK business to impact up to 9,000 jobs

Tesco has said it is making changes to its UK business that could impact up to 9,000 jobs. It is estimated that half of that number could be re-deployed across the business. Tesco, Britain’s biggest private sector employer with a staff of over 300,000, said the main change in its stores would be to its […]

Violent dissidents are ‘jumping on Brexit bandwagon’

Dissident republicans are “hitching themselves to the Brexit bandwagon” to launch a new wave of terror, a former police chief in the North has warned. Former PSNI assistant chief constable Alan McQuillan said the inadequate phone warning ahead of the recent Derry car bomb was “a recipe to create another Omagh”. He warned there would […]

Halfords is pedalling hard to keep itself fit and in the race

I’m pretty sure there is no serious investor who doesn’t rate Warren Buffett as an icon. The ‘Sage of Omaha’ lays down investment guidelines that usually defy contradiction, but like the Oracle in Ancient Greece, the advice is not always straightforward. For instance, I was throwing my investment spyglass over the British cycling and motor […]

Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank

SEOUL (Reuters) – State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 […]

Henshaw in push to tackle eye strain

Leinster and Ireland rugby player Robbie Henshaw has rolled out his up-and-coming eyewear brand to 80 stockists nationwide. The rollout sees the player pushing his first business venture, providing a collection of sunglasses and specially-designed ‘blue block’ glasses. The latter are aimed at people who use screens in their daily lives, with the specialist glasses […]

New private home prices up 7.9% in 2018 despite cooling measures

New private home prices gained 7.9 per cent last year, compared with a 1.1 per cent rise in 2017, even as last July’s cooling measures appear to have ended further price recovery after just five quarters, the shortest spurt on record. Slower private home sales, launches and resale transactions sent prices down by 0.1 per […]