More than €8 of every €10 spent by shoppers on cards is still instore An analysis of €9 billion of retail credit and debit card transactions by AIB Bank found that 86 per cent of the purchases were made instore last year. The remaining 14 per cent occurred online, just a single percentage point increase […]
Read MorePersonal injury costs threaten retail viability Retailers have hit out at the slow pace of insurance reform. Rising personal injury awards are threatening the viability of the sector, according to Ibec’s Retail Ireland division. Large numbers of retailers will be unable to meet the rising cost of insurance premiums unless urgent reform to the compensation […]
Read MoreConsumers spent €1.7 billion online in March New figures from the Central Bank show that there are more payment cards than people in this country, with just over six million active credit or debit cards in circulation. In the first three months of the year, Irish people spent just over €1.7 billion using those cards […]
Read MoreGoogle complying with EU order in shopping case, says Vestager Google is complying with an EU order to boost competition in online shopping, Europe’s competition chief said today, brushing aside complaints from rivals demanding more regulatory action. Google was hit with a €2.4 billion fine two years ago for unfairly promoting its own comparison shopping […]
Read MoreUK inflation rises less than Bank of England expected in April British inflation rose last month by less than investors and the Bank of England had expected but still hit its highest level this year, pushed up by a rise in energy bills. UK consumer prices rose at an annual rate of 2.1% in April […]
Read MoreTop 5 exporters account for over a quarter of all goods exports in 2017 New figures from the CSO show that the country’s five biggest exporters accounted for 26% of all exports in 2017 with the pharmaceutical sector the biggest exporter of goods. The Central Statistics Office said that the five highest value exporters accounted […]
Read MoreRisk of no-deal Brexit has never been greater – Coveney Tánaiste and Minster for Foreign Affairs Simon Coveney has warned Cabinet colleagues that at no point in the last two-and-a-half years has the risk of a no-deal Brexit been greater. He said that while a hard Brexit could still be avoided, Britain had failed to […]
Read MoreUS delays Huawei ban for 90 days US officials have issued a 90-day reprieve on their ban on dealing with Chinese tech giant Huawei, saying breathing space was needed to avoid huge disruption. A Commerce Department filing said the delay does not change the ban imposed by President Donald Trump on national security grounds, an […]
Read MoreThe Central Statistics Office has sharply revised downwards unemployment rates for March and April, taking the level below 5% for the first time since the financial crisis over a decade ago. Monthly unemployment rates have been subject to sharp revisions in recent quarters. The CSO said today that the jobless rate in April had been […]
Read MoreUS announces six-month reprieve on car tariffs The White House has said that President Donald Trump is delaying a decision by up to six months on whether to impose tariffs on imported cars and parts to allow for more time for trade talks with the European Union and Japan. It said, however, Mr Trump agreed […]
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