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Economy

Prices around the country have now increased by 52% since hitting a low in 2013. An easing of Central Bank lending rules and the new Government help-to-buy subsidy has seen mortgage approvals surge. Today's CSO figures also reveal that in the year to February, the most expensive Eircode area for household dwelling purchases was D06 "Dublin 6", with an average price of €724,711.
  • Trump signs executive order targeting specialty work visas: 5 things to know

    Trump signs executive order targeting specialty work visas: 5 things to know

    Economy

    Trump signed an executive order billed as "Hire American, Buy American" yesterday afternoon (18 April) at the headquarters of tool manufacturer Snap-on (SNA) in Kenosha, Wisconsin . As for the labor component of Trump's executive order , foreign visa programs require a level of labor predictability that construction companies rarely have, so that portion of the order should have limited impact on the industry in general.
  • Apple to test self-driving cars in California

    Economy

    Although it has never openly acknowledged it is looking into building an electric vehicle, Apple has recruited dozens of auto experts in recent years, and the permit puts the company bit a head on any possible plan. At last, the company's secretive efforts was crowned by the success. " Apple uses machine learning to make its products and services smarter, more intuitive and more personal".
  • Green Investment Bank sold to Macquarie for £2.3bn

    Economy

    The GIB has targeted £3 billion of new investment over the next three years and "will become the primary vehicle for Macquarie's renewable energy investment in the United Kingdom and Europe, allowing GIB to expand internationally". WWF chief adviser on economics and development Karen Ellis said: "Now that the sale of the GIB has been confirmed, Macquarie must guarantee that the green mission of the bank is protected and maintained and that it will provide substantial new capital for green ...
  • IMF retains India's annual growth at 7.2 percent

    Economy

    Chancellor Philip Hammond said: "The fundamentals of our economy are strong and we continue to invest in the skills needed for a stronger and fairer Britain". The outlook for next year was raised to 6.2% from 6%. But answering a question posed by JOYBUSINESS at a press briefing on the World Economic Report, on the sidelines of the IMF/World Bank spring meetings in Washington D.C, Director of Economics Studies at the IMF, Oya Celasun said the measure will help minimize any negative impact ...
  • Palestinian prisoners start hunger strike in Israeli prisons

    Economy

    Israel is holding 300 child prisoners. Many Palestinians see Barghouti's move as chiefly an internal power play in an attempt to send a message specifically to the Fatah leadership and to Abbas, who excluded Barghouti's loyalists from a recent Central Committee meeting and did not give Barghouti the anticipated position of deputy head of the PA.
  • Banc of California Target of Unusually High Options Trading (BANC)

    Economy

    Banc of California had 11 analyst reports since November 9, 2015 according to SRatingsIntel. During the twelve month it added 14.10% and year to date performance of 23.63%. Following the transaction, the insider now directly owns 20,341 shares of the company's stock, valued at $521,746.65. Hedge funds and other institutional investors own 97.94% of the company's stock.
  • Pence threatens North Korea with overwhelming response

    Pence threatens North Korea with overwhelming response

    Economy

    Pence told the ship's captain that he had spoken to President Donald Trump, and Trump "wishes he were here". Mr Pence said the US trade deficit has more than doubled in the five years since the US-South Korea free trade agreement began and there are too many barriers for US businesses in the country.
  • Nestle, Unilever Price Increases Stoke Food Industry Optimism

    Nestle, Unilever Price Increases Stoke Food Industry Optimism

    Economy

    Unilever CFO Graeme Pitkethly said on an analyst call that USA consumer spend was down throughout the quarter and noted that tax repayments and some political angst may have contributed to the subdued quarter. Nestle also reported a decline in North America sales in the first quarter, although it saw slightly positive pricing. That compares to analysts' estimates of 2 percent, according to a consensus compiled by the company, and growth of 2.2 percent in the fourth quarter and 3.2 percent in ...
  • Debenhams announces new turnaround strategy

    Debenhams announces new turnaround strategy

    Economy

    Debenhams said additional investment was required to upgrade its mobile systems, supply chain and its store estate. A central distribution warehouse and about 10 smaller warehouses could also close. "The objective (is) to define clearly what Debenhams stands for and simplify the way we operate to benefit customers today and therefore shareholders in the future", it said.