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News : Irish Last Updated: Mar 19, 2010 - 5:13:15 AM


News : Irish
US economy is improving and Cowen claims €60 million worth of new export orders won during his St. Patrick's Day American trip
The US economy is improving but despite the brighter economic outlook, Taoiseach Brian Cowen has announced €60 million worth of new export orders which were won during his St. Patrick's Day American trip.
Mar 18, 2010 - 7:12:40 AM

News : Irish
St. Patrick's Day March 17, 2010 - - tribute to the man who drove some of the snakes from Ireland!; The Spanish origins of the Irish
St. Patrick's Day, March 17th, one of the most important dates in the Irish calendar has come around again. Patrick reputedly drove the snakes out of Ireland. There's some evidence that his crozier missed a few.
Mar 16, 2010 - 10:41:50 AM

News : Irish
Irish Economy: IBEC says credibility of corrective action must go beyond the public sector finances
Irish Economy: IBEC, the business representative group today launched its latest Quarterly Economic Trends, which says that the Irish economy is beginning to pull out of a deep recession. IBEC  urges trade unions to be cognisant that threats of industrial action gain international notice and could rapidly undermine the confidence gained and undo the credibility that has been established. The credibility of corrective action must go beyond the public sector finances, and for sustainability it must be seen to have gained public acceptance.
Mar 15, 2010 - 5:57:05 AM

News : Irish
Innovation Ireland Taskforce's aspirational report; US banks / credit-card companies contribute most money for start-ups - - not venture capital companies
The Innovation Ireland Taskforce's report which was launched by Taoiseach Brian Cowen on Thursday, is an aspirational rather than a strategic document. It does not set out costs and supporting start-up growth and jobs targets with credible data. In the US banks and credit-card companies contribute most money for start-ups, not venture capital companies, as commonly thought.
Mar 12, 2010 - 9:10:01 AM

News : Irish
New head of financial regulation in Ireland outlines plans for more effective supervision
The new head of financial regulation in Ireland, Matthew Elderfield, outlined plans on Thursday for a more effective supervision of the banking and financial sector, in his first public speech.
Mar 12, 2010 - 5:41:30 AM

News : Irish
Taoiseach launches Innovation Ireland Taskforce report; Says important marketing message for Ministers to carry abroad for St. Patrick's Day
The Taoiseach, Brian Cowen  today launched the report of the Innovation Ireland Taskforce in the Science Gallery, Dublin. The Government said the report will be an important part of the marketing message the Taoiseach and other Ministers will be taking abroad over St. Patrick's Day.
Mar 11, 2010 - 3:21:16 PM

News : Irish
Irish deflation eased in February as consumer prices fell at an annual rate of 3.2%
Irish deflation eased in February as consumer prices fell at an annual rate of 3.2%, compared with 3.9% in January.
Mar 11, 2010 - 11:34:20 AM

News : Irish
Coughlan launches nine "transformational" Competence Centres for research and public investment of €56 million
The Government announced today that it will invest up to €56 million over the next five years in a network of "transformational" competence centres that will support companies in the smart economy, the Tánaiste Mary Coughlan announced today.
Mar 10, 2010 - 3:28:44 PM

News : Irish
Dempsey says Dublin Airport Authority can operate Dublin Airport's Terminal 2 - -T2 - - if it meets agreed benchmarks
Today Minister for Transport, Noel Dempsey TD announced his mandate to the Dublin Airport Authority (DAA) to operate Terminal 2 - -T2 -- , while demonstrating that it can do so within a benchmark set by the Commission for Aviation Regulation (CAR). This follows a decision to terminate the facility management procurement process relating to Terminal 2 at Dublin Airport.
Mar 10, 2010 - 3:01:50 PM

News : Irish
IFSC accounts for €789.1 billion of €1.1 trillion of external Irish debt
The Central Bank today published new statistics on securities issued by entities resident in Ireland. The new dataset contains information on the outstanding amount of external Irish debt and equity securities by sector of issuer, at end-December 2009 and end-January 2010. Debt of almost €1.1 trillion is mainly accounted for by the IFSC, Dublin's offshore financial services centre, which has a debt of €789.1 billion.
Mar 10, 2010 - 2:37:34 PM

News : Irish
Markets News Wednesday: Aer Lingus cuts 250 cabin crew jobs and pay 2 weeks redundancy per year of service; Tullow Oil reports a 93% drop in 2009 pre-tax profits
Aer Lingus Group today announced that it has now disclosed to cabin crew representatives measures to achieve the cost savings originally contemplated under the cost reduction programme announced in October 2009.
Mar 10, 2010 - 11:53:24 AM

News : Irish
Glanbia reports 19% fall in 2009 pre-tax profits; Majority shareholder is interested in acquiring Glanbia's Irish dairy operations
Food group Glanbia today reported a 19% fall in pre-tax profits for the year ending 2009. The group also announced its majority shareholder is interested  in acquiring Glanbia's Irish dairy operations.
Mar 10, 2010 - 9:41:29 AM

News : Irish
Innovation Ireland Taskforce: Yet another 120,000 jobs plucked from the air by insiders?; In UK 2,900 high-tech companies in business since 1991 have only 40,000 jobs
The taskforce on innovation in Ireland that was established by Taoiseach Brian Cowen in June 2009, is reported to have projected that almost 120,000 new jobs could be created by the end of the decade, if Ireland transforms itself into an innovation centre, according to a report to be published on Thursday. However, a reality check is necessary as this body is dominated by insiders, who have form in plucking jobs figures from the air to justify spending by receptive politicians. Meanwhile, Bart Clarysse, professor of Entrepreneurship, at Imperial College London, said in 2009 that in the UK there are over 2,900 of high-tech companies that have been in business since 1991. Despite spending over £2.5 billion, they are responsible for only 40,000 jobs.
Mar 10, 2010 - 7:07:42 AM

News : Irish
Ryanair condemns Irish Government for losing "500 well paid engineering jobs for Ireland"; Genuine or another publicity stunt?
Ryanair today condemned the Irish Government for its failure to win 500 well paid engineering jobs for Ireland as it confirmed that all 500 jobs, which it had originally promised to create in Hangar 6 at Dublin Airport, will now be lost to Glasgow Prestwick and one other European airport/country. This may well be the end of another publicity stunt from the low fares airline.
Mar 9, 2010 - 12:54:03 PM

News : Irish
Aer Lingus reports revenue fall of 11% in 2009 and operating loss before exceptional items of €81.0m; Board to meet on restructuring plan
Aer Lingus today issued an unaudited trading update for the year ended 31 December 2009.  It reported a revenue fall of 11% and operating loss before exceptional items of €81.0m.
Mar 9, 2010 - 6:39:18 AM

News : Irish
New Irish car sales in February rose strongly compared with lows of February 2009
Official figures released today show a strong recovery in new Irish car sales in February compared with the dip in February 2009.
Mar 8, 2010 - 3:31:12 PM

News : Irish
Conditions at Irish construction firms worsened again in February; Pace of contraction was the weakest in twenty-seven months
Business conditions at Irish construction firms worsened again in February, although there were signs that the rate of deterioration eased since the previous month. Activity declined sharply, but the pace of contraction was the weakest in twenty-seven months. The Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to measure the overall performance of the construction economy – rose to 40.4 in February, from 36.1 in the previous month to signal a further substantial fall of activity in the sector. Lower new business was the main factor driving the reduction inactivity. However, the rate of decline slowed for the second consecutive month to its weakest since November 2007.
Mar 8, 2010 - 2:43:45 AM

News : Irish
An estimated 345,000 houses or 17% of the Irish housing stock is vacant
An estimated 345,000 houses or 17% of the Irish housing stock is vacant according to a report published by the Urban Environment Project at University College Dublin.
Mar 5, 2010 - 9:21:20 AM

News : Irish
Aer Lingus reports 32.4% plunge in long haul traffic in February
Aer Lingus Group plc today announced traffic statistics for the month of February 2010 and reported a 32.4% plunge in long haul traffic.
Mar 5, 2010 - 7:48:42 AM

News : Irish
Inconvenient Truths: ESRI responds to criticism of Irish waste management policy report; Gormley commissions new report from high fee lawyer on incinerator plan for his constituency
Inconvenient Truths: The ESRI (Economic and Social Research Institute) last month published a report which said that policy on Irish waste management and on incineration in particular, has “no underlying rationale” and is likely "to impose needless costs on the economy."  While the institute did not make a direct charge of gombeenism against the Minister for the Environment, Heritage and Local Government, John Gormley, Finfacts said it appeared that national waste policy was being dictated by the Minister's desire to thwart the plans of Dublin City Council to build a waste incinerator in his political constituency of Dublin South-East, on the site of the former Poolbeg power station. Today, the ESRI responds to criticism of its report. On Thursday, a day in advance of the ESRI's latest intervention on evolving waste management policy, Minister Gorrmley commissioned a high fee lawyer to carry out "an independent report in relation to the various risks and implications of the proposed incinerator to be located on the Poolbeg peninsula."
Mar 5, 2010 - 2:36:12 AM

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Latest Headlines
News
Markets News Friday: Media report in China says Google may announce pullout next week; Seán FitzPatrick kept in Garda custody overnight
Obama signs jobs support bill; US labour market will recover at a “lackluster” pace
South China's industrial heartland of Guangdong to raise minimum wage by average of 21% to range of $96 to $150 a month
Worldwide fish production at 160 million tons - - eight times as much as in 1950
Friday Newspaper Review - Irish Business News and International Stories - - March 19, 2010
The “Great Risk Shift” - - why it may be time to re-think the developed/ emerging-markets distinction
Markets News Afternoon: Irish Services Producer Prices down 4.1% in 2009; EU trade deficit up; Initial weekly jobless benefit claims fall 5,000 in US
US Leading Economic Index increased 0.1% in February indicating slow economic recovery
US current-account deficit fell to $419.9 billion in 2009 - - the smallest deficit since 2001 and down from $706.1 billion in 2008
Markets News Thursday: Former Anglo Irish Bank chief Seán FitzPatrick under arrest; China carrying out yuan stress tests on 12 industries
Thursday Newspaper Review - Irish Business News and International Stories - - March 18, 2010
US economy is improving and Cowen claims €60 million worth of new export orders won during his St. Patrick's Day American trip
Ireland in group of innovation followers with above average performance according to 2009 European Innovation Scoreboard
IMF's Strauss-Kahn says closer cooperation needed in Europe; Commission warns Eurozone’s four biggest countries and Ireland growth forecasts too optimistic
World Bank says China’s growth momentum has continued in the first months of 2010
Fund managers shifting their equity focus away from Europe to US and Japan; European equity markets seen as “cheap” by one-third of polled managers
US housing starts and permits fell in February because of severe weather
German investor confidence was stable in March; Eonomic analysts expect the economy to slowly recover in coming months
Eurozone annual inflation down to 0.9% in February; EU27 down to 1.4%
St. Patrick's Day March 17, 2010 - - tribute to the man who drove some of the snakes from Ireland!; The Spanish origins of the Irish
Markets News Tuesday: Shares rise in Europe and Asia; Investors in Japan expect central bank to extend lending support
European car sales rose in February despite a post-scrappage scheme plunge in Germany
Lehman ousted whistleblower in 2008 who had raised red flags with Big 4 accounting firm Ernst & Young on $50bn scam; Box-ticking auditors in frame
Tuesday Newspaper Review - Irish Business News and International Stories - - March 16, 2010
Eurozone finance ministers agree on how support package for Greece would be provided if the need quickly arises
Real price of Amsterdam house only doubled in more than 350 years
Markets News Afternoon: US industrial production was flat in February; China held $889bn in Treasury securities in January - - Ireland held $$39bn
Moody's says US and the UK are moving closer to losing their AAA credit ratings as the cost of servicing their debt rises
Employment in the Eurozone fell a record 2.7 million in 2009; One in three unemployed persons in the EU27 have been jobless for over a year
Markets News Monday: China calls pressure on currency appreciation "protectionism"; Shares fall in Europe and Asia; Aryzta reports flat half-year profits
Analysis/Comment
Ireland and leadership at a time of crisis
IDA Ireland Horizon 2020 Strategy: Lack of coherence on changes facing existing Irish-based multinationals/ challenges of adapting model for China and India - - Prof. Seamus Grimes
Dr. Peter Morici: US trade deficit threatens a second recession
Irish Economy: Political spin, jobs and IDA Ireland
Dr. Peter Morici: US health care and broken government
Ryanair, the Dublin Airport hangar, jobs and a media campaign
Irish reform, boring "process" and the insiders who call themselves outsiders
Building an indigenous Irish exporting base; Being prepared for a hard slog and the sheltered workshop that is RTÉ
George Lee and the job he hated
Cowen makes another “rallying cry”; Court appointed examiner seeks €425-an-hour; 18 State agencies fund 4,000 non-staff flights in 2 years
Dr. Peter Morici: Friday’s US jobs report
Dr. Peter Morici: Mr. President; It’s the trade deficit stupid!
Ireland's Choice: Reform or risking status as a failed rich State
Ireland: Where the buck stops nowhere - - Irish banking inquiry, DCC and a cast of Pontius Pilates
Irish Economy: Economists announce new dawn; "Kickstarting" growth from behind a desk! ECB director terms them delusionists
Irish Property Crash:  "Thank God, I'm not still a chartered accountant"
Dr. Peter Morici: President Obama's Bank Tax: Just another bit of demagoguery
The euro, Ireland and the quest for instant competitiveness
Dr. Peter Morici: Wall Street rakes big bonuses, Obama fails to stem abuse
Wall Street's Accountability Deficit: "Money is like sea water. The more you drink, the thirstier you become"
Iceland: People before profits and people before banks!
Dr. Peter Morici: Why free trade is failing America
Irish Economy 2010: A year of freedom from fear?
"Et tu brute": Betrayal of trust; Administering last rites to Catholic Church authority in 2009; Little other change in Ireland
Dr. Peter Morici: US recession ends for Summers but for who else?
Dr. Peter Morici: US trade deficit, new home tax credit and easy Fed policies threaten double dip recession
Dr. Peter Morici: American stimulus spending and lost hope
Ireland 2009: People of the Year, Brass Neck and Golden Fleece Awards!
Irish Budget 2010: Jellyfish politics rule as Cowen sinks in fudge; Awaits "transformational" public sector reform plan from trade unions
Dr. Peter Morici: Obama confronting the consequences of bureaucracy and corruption