Posts by Practicenet
The Celtic Phoenix: jobs and growth on fast track
THE ‘Celtic Phoenix’ economy is growing more strongly than expected – with wages rising and full employment on the horizon. The Central Bank says the pace of the recovery has “exceeded expectations” as it predicted an extra 89,000 people will be in work by the end of next year. This would bring the total number […]
Read MoreWindows tool shows how much of your personal data Microsoft collects
Windows users can now see exactly how much of their personal data is being collected by Microsoft. As well as basic records, such as the device you use, the company gathers more detailed information, such as the apps you have installed and how and when you use them. The company says it uses this data […]
Read MoreAccountants back scheme to auto-enrol for pension
The vast majority of accountants are in favour of the auto-enrolment pension scheme the Government is planning to launch. Most private sector workers do not have an occupational pension. A survey by Chartered Accountants Ireland members found 96pc in favour of auto-enrolment. President of Chartered Accountants Ireland Shauna Greely said the picture emerging is grim. […]
Read MoreCerberus in €100m deal for stricken sub-prime mortgage lender Stepstone
Cerberus, the US distressed debt and private equity giant, has swooped on the stricken sub-prime lender Stepstone Mortgages in a near-€100m deal, according to sources. Dublin-based Stepstone, once a joint venture between the collapsed Wall Street Bank, Lehman Brothers, and IIB – an earlier manifestation of KBC bank – stopped issuing new loans in 2008 […]
Read MoreIreland needs to tackle taxes to lure leasing executives – AerCap CEO
Ireland needs to do more to attract experienced executives if it’s to maintain its position as a global leader in the aircraft-leasing sector, AerCap chief executive Aengus Kelly has warned. Speaking at the Euromoney Global Airfinance convention in Dublin yesterday, Mr Kelly said that personal tax rates continue to be an inhibitor to attracting talent. […]
Read MoreTens of thousands affected by pensions anomaly to be restored to higher rate from March – but won’t get money until next year
Thousands of pensioners who are missing out on up to €35 a week because of an anomaly in the system are to be restored to a higher rate from March – but they won’t get the money until 2019. Ministers today approved a plan to appease older people who feel cheated by changes made to […]
Read MoreIceland expands presence in Ireland as it opens doors to 20th store here
Iceland has created 26 new jobs with the opening of its 20th store in Ireland. The food retailer opened the doors of its third store in Cork today, in the Eastside Retail Park, Main Street, Ballincollig. In 2017, Iceland announced that it had invested €12m into nine new shops, with more to be announced later […]
Read MoreIMF forecasts UK will miss out on global growth
A rising tide lifts most boats, according to the latest International Monetary Fund forecasts, which saw upgrades for almost every major economy except the UK. In an update to its World Economic Outlook, the IMF lifted its global growth prediction to 3.9pc for both this year and next. That would be the strongest expansion since […]
Read MoreIreland ranks eight of 29 economies for inclusiveness
Ireland has ranked eight out of the 29 advanced economies for inclusiveness, according to a report from the World Economic Forum (WEF). However the economic inclusion rate in Ireland has deteriorated. The report, which took into account the last five years, found that the 29 advanced economies included in the study have on average flatlined […]
Read MoreSecond Brexit debate might sound different if held above the hum of European recovery
Following what could be termed by many as a lost decade in a debt-laden eurozone, the medicine administered by the European Central Bank (ECB) has dragged the eurozone back from the brink, and ensured a smooth shifting through the economic gears. From a fresh position of strength, we expect growth in the eurozone to hit […]
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