Syndicated

Don’t fall into the trap of over-insuring

THE biggest mistake people make with house insurance is over-insuring. That means it’s easy to fix, and switching for a better deal will make it better again. You might think that it doesn’t matter — after all, you’ll get back what you’re insured for, right? Wrong. An insurer is only obliged to pay out the […]

Almost one quarter of Irish firms will be forced to close if subject to GDPR fines – survey

Close to one quarter of Irish firms would be forced to pull down their shutters if handed fines for non-compliance to the new EU General Data Protection Regulation (GDPR). Data Protection Commissioner Helen Dixon has stated that her office will use their power, under the impending GDPR, to issue fines of up to €20m or […]

NTMA sells €1bn of Government bonds

The National Treasury Management Agency (NTMA) has completed an auction of €1bn of the benchmark Irish Government bonds this morning. The NTMA sold €550m of bonds at a yield of 0.689pc which will mature in 2026, and €450m worth of bonds with a yield of 1.648pc which will mature in 2037. With the completion of […]

Key Irish export sectors now more dependent on UK than 10 years ago

Some Irish exporting sectors have seen their dependence on the UK market increase since the turn of the millennium, even though the exports share overall to the UK has been declining. A new paper from the Department of Finance shows the extent to which some sectors are vulnerable to Brexit. The importance of the UK […]

Dramatic drop in cost of motor insurance new figures show

There has been a dramatic drop in the cost of motor insurance. New figures show there was a plunge of 14pc in the cost of cover in the last year, the biggest drop since the insurance crisis hit. Central Statistics Office (CSO) inflation figures show the cost of motor insurance was broadly steady in the month […]

Dramatic drop in cost of motor insurance new figures show

There has been a dramatic drop in the cost of motor insurance. New figures show there was a plunge of 14pc in the cost of cover in the last year, the biggest drop since the insurance crisis hit. Central Statistics Office (CSO) inflation figures show the cost of motor insurance was broadly steady in the month […]

EU to publish ‘guiding principles’ for upcoming Brexit talks on Ireland and Northern Ireland

The EU is to publish “guiding principles” for upcoming Brexit talks on Ireland and Northern Ireland today. The paper will seek to drive home the message that the “onus” is on the UK to provide solutions to Brexit-induced problems on the island of Ireland. It will also try to tackle growing concerns that the UK […]

New rollout to see West of Ireland towns becoming Ireland’s fastest broadband hotspots

A number of rural towns are to become Ireland’s fastest fibre broadband hotspots in the next two years, outgunning Dublin, Cork, Limerick and other Irish cities. A new joint venture between telecoms firm Enet and energy company SSE is to connect 115,000 homes and businesses to fibre broadband that delivers speeds of 1,000Mbs, dwarfing existing […]

Bitcoin slumps as China clamps down on digital tokens

So-called virtual currency bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately – issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said yesterday that it had […]

Budget watchdog warns ‘overheating economy’ is real risk

There is a “realistic possibility” that the economy will start to overheat in the coming years if the strong growth rates continue, the state’s budgetary watchdog has warned. It comes as the latest Exchequer data shows that tax revenues in August totalled €2.66bn – about €209m below expectations at this stage of the year, highlighting […]

^