recent convert to online social media, announced Monday that it will create over
50 new IT and digital jobs as it holds its first open day for “web stars” on
Saturday, 8th Feb, at its new Dublin Offices in Airside, Swords.
Ryanair is recruiting web developers, designers, analysts, software engineers,
SEO and content, CRM and email specialists "to transform Europe’s largest travel
website (Ryanair.com), develop a world leading digital marketing platform (in
April) and help create a brilliant new mobile app (from June)."
Ryanair’s CEO Michael O’Leary, CMO, Kenny Jacobs,
Eric Neville, director of IT, and Dara Brady, head of web development,
will welcome web stars and "brief them on these exciting plans." Participants
should pre-register on the Ryanair.com website and "every attendee will be
treated to free breakfast – - and free Ryanair flights" - - cheaper than hiring
In fact, this looks like work for freelancers and
the “web stars” may well have to compete against each other - - there's no
such thing as a free breakfast!
German business confidence began 2014 at highest
level in more than two years
ECB to consider buying packages of loans households
Irish Economy 2014: Shambolic apprenticeship system
gets some attention at last
Conall Mac Coille, chief economist at
Davy, commented -- "Recent upward pressure on European
short-term borrowing rates had prompted some commentators to suggest a further
ECB rate cut may be likely. For example, Euribor recently rose to a high of
0.36%, above the ECB's main refinancing rate of 0.25%. Upward pressure on
overnight lending rates has emerged as banks have paid back their LTRO loans
from the ECB, reducing excess liquidity in the banking system. However, speaking
at the Davos meetings over the weekend, governing council member Klaas Knot
indicated that higher short-term lending rates were a distortion and did not
warrant policy action. Furthermore, ECB President Mario Draghi insisted that
there had been signs of a dramatic improvement in the health of the European
economy and played down fears of deflation in the euro area.
British Bankers Association data released on Friday showed new loans for house
purchase at 46,521 in December. Albeit a little below expectations, there is now
a clear upward trend in new UK mortgage lending. US existing home sales
(released today) are expected to be 455,000, down from 464,000 in November.
However, the bigger picture is that home sales have rebounded since the summer,
allaying concerns that the Fed's tapering and the rise in US 10-year yields
towards 3% would dampen the US housing market recovery."
Economic View: Public spending scrutiny
must continue; Dermot O'Leary, chief economist at
Goodbody, commented - - "With quarterly Troika visits now a thing of the past, a
key challenge for the Irish government is to maintain discipline in its efforts
to return the budget deficit to a sustainable level. Following three years of
austerity by this government and elections just around the corner, the
temptation to waver is obvious.
While not necessarily related, reports of
overspending in the provision of water services provides some cause for concern.
All of the Irish media are reporting on comments from Professor John Fitzgerald
from the ESRI, who is saying that the new Irish Water company will be
overspending by €150m per year up to 2026 due to agreements struck on staffing
levels during the handover from the local authorities. According to the reports,
the new company, one of the conditions of the Troika MoU, will employ 4,000
people, but has already stated that it will need only 1,700 staff to run it.
Paradoxically, Prof. Fitzgerald calculates that
the creation of Irish Water will free up €500m per annum and will reduce the
national debt by 2% of GDP, due to the fact that the new company will not be
treated on the general government accounts. However, this is just an accounting
gimmick, and should be seen as such. The real issue is whether public money is
being used in the most efficient way."
In New York Monday the Dow
fell 41 points or 0.25% to 16,373.
The S&P 500 added 0.06% and
the Nasdaq advanced 0.41%.
US benchmark updates
Asia Pacific Index sank 2.1%
Monday - - its lowest close since Sept. 6.
Japan's Nikkei 225 fell
2.51%; China's Shanghai Composite dropped 1.03%; South Korea's KOSPI dipped
1.56%; Australia's S&P/ASX 200 slid 0.42% and in Mumbai, the Bombay Stock
Exchange the S&P BSE India Sensex Index declined 2.02%.
Jones Stoxx Europe 600 is
0.48% in mid-afternoon trade Monday.
the ISEQ is off 0.88%
Irish Share Prices
AIB Daily Report
Bank of Ireland Daily Report
The euro is
trading at $1.3666 and at £0.8244.
For live currency updates, check the
right-hand column of the Finfacts
The US dollar
fell to $1.6038 per euro on Tuesday, July 15, 2008 - an-all time record.
Dry Index, a
measure of shipping costs for dry commodities, hit
an all-time high of 11,771 on May 21, 2008. From
that time it reversed and on the 5th of December, 2008 it hit a low of 663 - -
close to a 1986 low.
July 15, 2010, the index fell for the 35th straight session, by 9 points, or
3.11%, to 1,619 points, Bloomberg
the BDI fell 25 points or 1.97% to 1,246.
rose by 220% in 2013 to 2,237.
Global rebalancing — the tanker
Crude oil for March 2014 delivery is trading on
York Mercantile Exchange (CME/Nymex) at
$96.81 up 17 cents from Friday's close. In London, Brent for March 2014
delivery is trading on the International
Commodities Exchange at $107.13. The
North Sea benchmark accounts for two-thirds of the global market.
Finfacts, July, 15, 2013: US
West Texas Intermediate oil benchmark jumps in July -
- margin between WTI and Brent falls.
The spot price of an oz of gold is trading on the CME
in Chicago at $1,262.10 down
$2.20 from Friday's closing - - the
gold price fell 28% in 2013, the biggest annual plunge since 1981.
Gold had hit
a record high of $1,921.15 a troy ounce on Sept 06, 2011.
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