Saturday, July 31, 2010 Previous editions
THE Central Bank has said the economy should grow marginally this year before picking up pace next year, but warned a decline in the unemployment rate is unlikely in 2010.
THE Government’s decision to pump extra capital into the failing institutions Anglo Irish Bank and Irish Nationwide Building Society (INBS) is likely to bump the 2010 budget deficit up to 17% of GDP – nearly 6% higher than initial targets.
ANGLO Irish Bank and its former chief executive David Drumm have still to reach an agreement to resolve the bank’s action against him over unpaid loans of more than €8 million, the Commercial Court heard yesterday.
Brussels: Belgium’s economy grew 0.7% in the second quarter after stagnating in the first three months of the year, in the first sign that the economic recovery in the eurozone picked up pace in April-June.
HUNGARY and Poland, who will each hold the six-month European Union rotating presidency in 2011, have been briefed on Ireland’s stance on the Common Agricultural Policy.
Waterloo: Research In Motion, maker of the BlackBerry smartphone, plans to introduce a tablet computer in November to compete with Apple’s iPad, according to two people familiar with the company’s plans.
Dublin: Finance Minister Brian Lenihan will select Ann Nolan as head of banking policy as the Government continues its efforts to aid lenders.
ONE of the country’s most exclusive restaurants, the Michelin-starred Thornton’s, owned and operated by celebrity chef Kevin Thornton, returned to profit last year.
Dublin: Applus+ chose BT, a leading global provider of communications and IT services, to design, build and manage the network for Ireland’s National Car Test (NCT) service.
THE Irish market dipped below 2,900 points yesterday as comprehensive GDP data from the US confirmed that the recession was worse than first thought and that previous future growth prediction may have been on the optimistic side.
Dublin: The Irish Hotels Federation (IHF) has welcomed Tourism, Culture and Sport Minister Mary Hanafin’s establishment of an industry-wide group to oversee and drive actions on measures to support tourism in Ireland.
PRE-TAX profits at the Irish-based Lufthansa owned aircraft overhaul and leasing group last year dropped by 18%, to $23 million (€17.6m), figures show.
THE Government has been warned that the Leader programme will collapse unless bureaucracy and red tape are removed and companies are given more flexibility.
BOUNDARY Capital is to cancel its listing on the Dublin and London stock exchanges because it says it is too expensive to maintain them.
THE holding company for Riverdance saw profits fall by more than €500,000 last year.
OUR love affair with property continues to form the core backdrop to the economic forecasts making it into the public domain.
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