Business and Finance News
Fed may raise US rates by December — or may not
To write that the Fed may raise US rates by December is not news but it was the conclusion of the Annual Symposium for central bankers that was held at the weekend at the Grand Teton National Park, Jackson Hole, Wyoming, and hosted by the Federal Reser…
Eni finds “supergiant” gas field off Egypt – an area of 100 square kilometres
Eni, the Italian energy giant, announced Sunday that it has made a “world class supergiant gas discovery” at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30tn cubic feet of lean gas in place, covering an area …
Strong Swiss franc hits consumer confidence
Switzerland is the most expensive country in Europe, according to a recent price comparison – and the world, if we are just talking about Big Macs. swissinfo.ch reports from Geneva on what consumers – locals and foreigners – make of the strong franc and the sky-high prices.
Japan: First ketchup price rise in 25 years
The governor of the Bank of Japan in a speech this week highlighted the first rise in the price of tomato ketchup in 25 years. However, data issued Friday show that annual inflation in July fell to zero.
Cars and alcohol driving Irish consumer recovery
The volume of Irish retail sales (i.e. excluding price effects) increased by 11.6% in July 2015 when compared with June 2015 and there was an increase of 9.9% in the annual figure. If Motor Trades are excluded, there was an increase of 0.6% in the volume of retail sales in July 2015 when compared with June 2015 and there was an increase of 6.6% in the annual figure. Sales of alcohol have also surged according to the CSO — the statistics agency does not provide a breakdown of pub sales but we can safely say that alcohol dominated.
Regulators vs. tech disrupters such as Uber
A report published this month by The Economist Intelligence Unit explores the impact of digital innovation on market fairness. The report shares findings and recommendations from an advisory board composed of US city and state policymakers and innovation academics. It is supplemented by in-depth interviews with technology executives and entrepreneurs.
EM economies not all in same sinking boat
Profits of China’s major industrial firms dipped 2.9% year on year in July, sharply down from a 0.3% decline posted in June, the National Bureau of Statistics (NBS) in Beijing said on Friday. China also announced Friday that restrictions on foreigners …
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Publisher – launch of new news site
We are launching a new news website today Thursday to ensure compatibility with mobile devices. We have a number of features to add in coming days.
Rising Irish exports creating few jobs
The CSO on Thursday reported that Ireland’s official unemployment rate fell to 9.5% in July with the addition of 57,000 jobs in the 12 months to the second quarter of 2015. However, while employment is at a six-year high, the CSO also reported net emig…