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‘In a hard-Brexit scenario, I could see sterling-euro at parity,’ said Goodbody economist Dermot O’Leary.

Sterling could move to parity with euro ‘and beyond’ if Brexit turns ‘messy’

Economy
Eoin Burke-Kennedy
July 17, 2019, 13:43

Investec currency analyst predicts another major slide in event of no-deal exit

Eleven of 13 major retail categories in the US increased, led by a 1.7 per cent increase in nonstore retailers, which include online vendors. Electronics and appliance stores and gasoline stations both fell.

US retail sales exceed projections in June

Economy
July 17, 2019, 12:37

Rebound underscores Fed chairman Jerome Powell’s view that consumer spending and finances remain healthy

Mark Carney, governor of the Bank of England. Photograph: Christophe Morin/Bloomberg

Ireland approached to back Mark Carney as next IMF boss

Economy
Suzanne Lynch
July 17, 2019, 11:44

As Christine Lagarde exits, Bank of England governor with Irish passport eyes up post

US president Donald Trump said recently that he was in “no hurry” to resolve the current trade dispute with China, saying tariffs have started to have a clear impact on the Chinese economy.

WTO rules against US in tariff row with China

Economy
July 17, 2019, 11:43

Beijing can now levy retaliatory sanctions

Christine Lagarde: “I have made this decision in the best interest of the Fund, as it will expedite the selection process for my successor.” Photograph: Reuters

Lagarde formally resigns from IMF ahead of likely ECB posting

Economy
July 16, 2019, 20:00

Managing director says she stepped down to hasten appointment of successor

epa07710074 Workers sort packages in the new Amazon Sorting Warehouse in the Settecamini area of Rome, 11 July 2019. Reports state Amazon hopes to increase its logistics capacity and flexibility in Italy and ensure faster deliveries to clients. In addition the warehouse is hoped to provide better service for companies selling at Amazon as they benefit from distribution networks. The new sorting unit creates 70 new jobs and covers a space of 8000 square meters. EPA/RICCARDO ANTIMIANI

UK wage growth hits 11-year high as unemployment sticks at 3.8%

Economy
July 16, 2019, 16:23

UK’s jobless rate remains at its lowest rate since the mid-1970s despite Brexit cloud

Britain’s Secretary of State for International Trade Liam Fox visits students taking part in a mock trade negotiation. Photograph: Reuters

Brexit: Britain looks to train school-leavers as future trade negotiators

Economy
July 15, 2019, 14:17

Those applying do not need to have any qualifications

Wilbur Ross: The US commerce secretary has investment links to Ireland having made €500m profit from a rescue investment in Bank of Ireland after the financial crash. Photograph: Reuters

Trump reportedly considering ousting commerce secretary Wilbur Ross

Economy
July 15, 2019, 12:27

NBC reporting that Trump is frustrated with Ross over failed trade negotiations

The value of goods imports from Britain for the period also rose – by 12% to €8.2bn. Photograph: Aidan Crawley/Bloomberg

Irish exports to Britain rise despite Brexit uncertainty

Economy
Eoin Burke-Kennedy
July 15, 2019, 11:44

Latest figures show trade between Republic and Britain remains strong

China’s gross domestic product grew 6.3% in the first half of 2019, according to a report of the National Bureau of Statistics. Photograph: Wu Hong/EPA

China growth slows to 27-year low as trade war bites

Economy
July 15, 2019, 10:29

Resilient domestic consumption gives government some leeway as it tries to negotiate an end to trade dispute with US

Ryan Pandya (left) and Perumal Gandhi of Perfect Day, the Cork-born biotechnology company has begun selling an ice cream free of animal products, which has been developed using a lab-grown protein

Mortgage switching, biotech vegan ice cream, and tales from the corporate restroom

Economy
Michael McAleer
July 15, 2019, 06:30

Business Today: the best news, analysis and comment from The Irish Times business desk

The latest official data suggests that growth in the second quarter will tumble from the first quarter rate of 0.5 per cent close to zero. A recession is defined as two negative quarters

UK at highest risk of recession since 2007, says think-tank

Economy
Chris Giles
July 14, 2019, 12:32

UK at highest risk of recession since 2007, says think-tank

Facebook’s foray into banking via the creation of a crypto currency could be the last throw of the disruptive dice: there are few profit streams left for tech to usurp. File photograph: The New York Times

Chris Johns: Forget Facebook’s $5bn fine – taxing tech giants is the real story

Economy
Chris Johns
July 14, 2019, 12:26

Tech giants can learn from fall of big investment banks and how they mistook super-normal profits as new norm

US president Donald Trump: Washington has threatend to retaliate with sanctions. Photograph: Evan Vucci/ AP

Digital tax could reduce Ireland’s corporate take

Economy
Eoin Burke-Kennedy
July 12, 2019, 13:07

Warning comes as France pushes ahead with 3% tax on digital revenues

The ultra-low interest rate environment has contributed to significant reductions in the amount of interest that the State is currently obliged to pay.

Ireland’s debt: €44,365 is owed by every man, woman and child in the State

Economy
Eoin Burke-Kennedy
July 12, 2019, 12:19

CSO numbers show burden is four times higher than pre-crisis levels

Our prices for food and clothing are about 10 per cent more expensive than in the EU15. Photographer: Dara Mac Dónaill

Ireland's high prices are a matter of perspective

Economy
John FitzGerald
July 12, 2019, 05:34

John FitzGerald: Price level here is more than compensated for by other factors

The magic sauce which makes some schools better than others is hard to identify.

The best school for your child? New Irish research has news for parents

Economy
Cliff Taylor
July 11, 2019, 19:50

Smart Money: Going to a fee-paying school does not guarantee the best education

The NTMA, which manages the Government debt, auctioned €600 million of 10-year bonds and €400 million of 15-year debt

NTMA sells 10-year bonds at record-low 0.136% rate

Economy
Joe Brennan
July 11, 2019, 19:42

Rate reflects growing expectations the ECB and other major central banks are on track to cut rates

The proposed UK tax applies a 2 per cent levy on the revenues of search engines, social media platforms and online marketplaces serving UK customers.

UK braves US ire by pressing ahead with tax on tech companies

Economy
Chris Giles
July 11, 2019, 18:11

Move comes hours after Washington threatened sanctions against France for similar levy

A negative shock, such as Brexit or “some unforeseen geopolitical event has the potential to cause house prices to fall in the period ahead,” the Central Bank said

Hard Brexit could hit Irish house prices, Central Bank warns

Economy
Joe Brennan
July 11, 2019, 15:00

‘High’ house prices may be affected by UK crashing out of EU, bank report says

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