The EU is not overly alarmed at the growing use of crypto-assets, the EU Commissioner for financial services, financial stability and Capital Markets Union has said. But Mairead McGuinness also warned that any new financial instrument that is growing and unregulated can cause enormous problems if “we don’t get to grips with it”. Earlier this…
Tag Archives: Dublin port
Annual inflation eased to 5% in January from a 20-year high of 5.5% in December after a 0.4% month on month fall marked the first monthly drop in consumer prices for over a year, the latest figures from the Central Statistics Office show today. Prices have been rising on an annual basis since April 2021,…
A new €5m initiative aimed at fostering greater collaboration between Irish SMEs and global businesses is being launched today. The Innovation Exchange is being launched by Skillnet Ireland in association with the Dublin Business Innovation Centre. The idea of the collaboration is to address the digital skills challenges of multinationals by matching them with indigenous…
131 million online and mobile payments were made in 2021, up 85% on 2016 levels. New figures from Banking and Payments Federation Ireland confirm that digital payments are continuing to rise rapidly, as consumers further reduce their reliance on cash and cheques. The number of digital payments made last year increased by over 10% compared…
The value of exported goods from Ireland rose to their highest level ever last year of just over €165 billion, new figures from the Central Statistics Office show today. The CSO figures also show that cross-border trade in goods between Northern Ireland and the Republic has grown dramatically in the first full year since Brexit….
While many countries took an economic hit after Brexit, Ireland recorded a different experience. The country’s international banking performance improved, becoming a crucial player in the EU. The Dublin Port took just a minor hit, with performance projected to improve. Government officials from Ireland and Britain will meet to discuss trade relations. Brexit Boosts Irish…
The volume of goods passing through Dublin Port last year only dropped marginally, despite the impact of Brexit on Irish Sea trade. Overall, 34.9 million tonnes went through the facility, down 5.2% on the previous year. Roll-on-Roll-Off, or Ro-Ro units dropped by 9.3%, equivalent to 99,000 trailers, according to the port. But Load-On-Load-Off containers rose…
China’s exports saw a shock 3.5% rise in April despite the global impact of the coronavirus pandemic, official figures showed today, but analysts warned of weakness ahead as key markets suffer downturns. The brewing threat of a renewed trade war with the US could also pose a problem, observers said. Imports fell 14.2% on-year, a…
Oil prices extended their gains today amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world’s economies. Brent crude was up 33 cents, or 1.6%, at $20.70 a barrel in early trade after rising more than 5% yesterday. US West Texas Intermediate…
Brent crude oil rose today after slumping below $16 a barrel to its lowest since 1999, supported by voluntary as well as the prospect of forced production cuts to tackle a glut caused by the coronavirus crisis. This month, OPEC+ agreed new oil output curbs but global measures to prevent the virus spreading have driven…
- 1
- 2