British car industry gets the lead outAfter withering for decades, British car manufacturing is returning to something resembling the good old days – albeit with foreign owners and vastly changed work practices
Cure lies in faster adjusting to crisisECONOMIC COMMENT: I SYMPATHISE with the Germans. This is not because I agree with their prevailing view of how the crisis occurred or what to do about it.
Ireland »
- Property prices fall 16.4%
The decline in the residential property market continued over the year to the end of April, new data from the Central Statistics Office showed today.
- Nama planning to invest €2bn
The National Asset Management Agency is to invest about €2 billion by 2016, creating up to 35,000 jobs, its chairman said today.
Europe »
- Euro zone private sector slumps further
The euro zone's private sector has sunk further into the doldrums this month as new orders shrivel, forcing firms to run down backlogs and slash workforces, key business surveys showed today.
- British economy shrinks in first quarter
The British economy shrank more than first thought between January and March, after the deepest fall in construction output in three years, while government spending made the biggest contribution to growth, official data showed today.
World »
- China reaffirms commitment to growth policies
Economy
- World Bank cuts China forecast
The World Bank cut its economic growth forecast for China this year to 8.2 per cent today and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity.
Public finances »
- Trade surplus falls for second month
IRELAND’S TRADE surplus declined for the second month in a row in March, but there was some good employment data yesterday in the form of a new survey from Ibec which showed that one in three employers hope to increase pay this year.
- Fiscal adjustment 'essential but painful' - Cardiff
THE MAN who headed the Department of Finance during the banking crisis has described Ireland’s fiscal adjustment as “essential but very painful”.
Employment »
- Smartbox to set up Dublin centre
Gift voucher firm Smartbox is to set up a new international centre in Dublin, in a move that could create up to 70 jobs at the firm.
The value of a non-executive perspectiveThe non-executive director role has lost some of its prestige in recent years, but the value of having outside expertise on the board of a business means that experience will always be sought after
