A total of 31,384 new residential addresses were recorded over the year to June. GeoDirectory, which records the data, said this represents a 17.1% increase on the same point a year ago. The highest proportion of the new homes were in Dublin, making up a third of the total, followed by Cork, Meath and Kildare….
Tokyo’s key Nikkei index closed more than 10% higher today, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen. The benchmark Nikkei 225 index jumped 10.23%, or 3,217.04 points, to end at 34,675.46, while the broader Topix index added 9.3%, or 207.06 points, to 2,434.21….
Global equities suffered heavy losses today as Wall Street joined a global stock rout that started in Japan while the dollar tumbled against the yen and US Treasury yields dropped on concerns about a recession in the United States. Oil prices also fell in a volatile session today, hit by recession fears, but declines were…
Service sector growth moderated slightly for the second successive month in July, but a pick up in new business, the year-ahead outlook and jobs growth pointed to positive signs for firms, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 53.6 from 54.2 in June, slightly below the trend so…
The Federal Reserve held interest rates steady this evening but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line with its 2% target. “There has been some further progress toward the Committee’s 2% objective,” the central bank’s Federal Open Market Committee said in…
From today, Parent’s Leave and Parent’s Benefit will be extended from seven weeks to nine weeks. The measures were announced as part of Budget 2024. Parents will be able to claim the additional two weeks’ leave if their child is under the age of two, or if an adopted child has been placed with a…
Activity in the manufacturing sector improved slightly in July, according to new data. The latest AIB Manufacturing PMI shows that the marginal improvement in the sector was driven by a renewed rise in output and accelerating jobs growth. Meanwhile, the contraction in new orders eased on the previous month. The headline index increased from 47.4…
Children’s charity Barnardos has called on the Government to introduce a suite of measures to assist parents with back-to-school costs. They include a voluntary contribution code of practice, extension of the free book scheme to all secondary school students, affordable uniform options, an increased back-to-school allowance for parents on low income and a digital education…
Almost €400m in new lending for the construction of new homes was approved by the State’s building finance body in the first half of 2024. That will go towards the construction of just over 2,700 housing units, according to Home Building Finance Ireland. It brings to €2.05 billion the amount approved by the HBFI since…
A plan to transform the rail system on the island of Ireland through electrification, additional track capacity, increased speeds and more frequent services is to be published. The final report from the All-Island Strategic Rail Review sets out a vision up to 2050 and was jointly commissioned by authorities north and south. The cost of…