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Google fined ‘record’ €2.42bn for ‘unfair shopping searches’

27th June 2017

The European Commission has fined Google €2.42bn for abusing its dominant market position by giving illegal advantage in search results to its own comparison shopping service. The fine is the biggest ever handed down by European competition authorities for so-called ant-trust or market abuse. It is the latest in a string of findings that have […]

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AIB listing provides the Irish Stock Exchange with the largest IPO in Europe in 2017

27th June 2017

AIB’s listing on the main securities market has provided the Irish Stock Exchange (ISE) with the largest IPO in Europe in 2017. AIB’s admission to a primary listing on the main securities market follows the sale of a 25pc stake in the group by the Minister for Finance, raising approximately €3bn for the State from […]

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Great recession fears as bankers warn next global crash could arrive ‘with a vengeance’

27th June 2017

A new financial crisis is brewing in the emerging economies and it could hit “with a vengeance”, an influential group of central bankers has warned. Emerging markets such as China are showing the same signs that their economies are overheating as the US and the UK demonstrated before the financial crisis of 2007-08, according to […]

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Comment: Relaxing deposit rules just not an option, even if it means families must save up €83,000

26th June 2017

We threw it away. Measures introduced two-and-a-half years ago by the Central Bank to curb runaway property inflation were only ever a temporary stop-gap. The aim was to control prices to buy time to enable the State to fast-track housing development in a market which is now seeing the worst supply levels in a lifetime. […]

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Brexit uncertainty remains our chief economic challenge

26th June 2017

Competitiveness concerns in Dublin, allied with the Brexit risk to rural Ireland, present the greatest risk to the economic outlook, according to a report published this morning. The Economic Eye Summer Forecast from financial services firm EY predicts economic growth across the island to be at 2.4pc until the end of the decade, with 91,000 […]

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Rush for mortgages is pushing up prices faster than in boom

26th June 2017

Mortgages are squeezing out cash buyers in large numbers for the first time since the downturn, helping drive house price rises to boom-time levels across swathes of the country. Property prices in at least eight counties are now rising faster than during the boom years, as competition for homes continues to heat up. During the […]

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Brace yourself: health cover costs are going only one way

23rd June 2017

Insurance is one of life’s necessary evils with one-way traffic when it comes to premiums. Now the heads of the two biggest health insurers warn that costs could double over the next decade. Today’s average premium of €1,200 will increase to over €2,400 at the same time as cover for procedures is cut in an […]

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Theresa May outlines ‘generous offer’ to EU citizens in UK as Varadkar sets out Irish case

23rd June 2017

British Prime Minister Theresa May last night outlined a “fair” deal to reassure EU citizens about their status post-Brexit, as Taoiseach Leo Varadkar sought to highlight Ireland’s case at his first EU summit. Mrs May, significantly weakened by her humiliating general election result, moved to reassure fellow leaders that her government will protect the rights […]

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There may be more jobs than workers ‘if unemployment rate continues to drop’

23rd June 2017

Minister Paschal Donohoe has warned of possible “capacity constraints” in the labour market if the unemployment numbers continue to drop at the expected rate. While the Government doesn’t expect a situation to arise where there won’t be enough workers to fill available jobs, Mr Donohoe said the scenario is something ministers would have to “reflect […]

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Dublin is still the second most expensive city in Eurozone for expats to live

21st June 2017

The strengthening dollar against the euro means that Dublin – along with its fellow Eurozone members – have fallen down the rankings in terms of most expensive destinations for expatriates to locate to. According to Mercer’s 2017 Cost of Living Survey, Dublin is the 66th most expensive city in the world for expats in terms […]

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