Categorized as: Syndicated News

DataStax opens first Irish office creating 30 jobs in Cork

DataStax, a US-based data management IT company, is to create 30 jobs in Cork with the opening of its first office in Ireland.

The California-based company, which was founded in 2010, currently has over 500 employees based in multiple US and international locations.

The move into Ireland is a chance for DataStax to expand its back-office operations and opens the possibility for attracting a wider range of talent in Ireland …

Europe IPO market up 5pc in first half

The European IPO market posted a 5pc increase in money raised in the first half of 2018, with total proceeds of €21.8bn.

The number of initial public offerings was up 4pc at 168.

The figures are contained in a new report from PwC, which said that after a strong first quarter activity had become subdued in the second quarter – with a 43pc decrease in money raised and a 7pc …

Apple expects profit to soar as iPhone X boosts strong sales

Apple is expected to unveil its biggest rise in profits since late 2015, with third-quarter revenue set to hit $52.9bn (€45.3bn), boosted by dearer iPhones and strong sales from its lucrative app store and services business.

Analysts and mobile industry sources expect investors in the Silicon Valley giant to receive the welcome news of another quarter of significant year-on-year growth when the group reports its quarterly results tomorrow night.

Some …

Irish students scoop major award for super-efficient car that can drive from Galway to Dublin for less than 15c

A team of engineering students from NUI Galway have scooped a major European award for a super-efficient vehicle.

They took first place for technical innovation at Europe’s prestigious Shell Eco-marathon Europe competition.

The Galway energy-efficient car (Geec, left) is said to be Ireland’s ‘greenest’ with a claimed range of 350km on just one unit, or kilowatt-hour (kWh), of electricity.

That, they say, means a drive from Galway to Dublin would …

Ryanair warns of potential job cuts for up to 300 Dublin-based employees

Ryanair has today written to over 300 employees warning them that their services may not be required from October 28.

The protective notice to staff has been issued after the board took the decision to cut its Dublin-based fleet by 20pc for the winter.

Over 100 pilots and 200 cabin crew employees will be affected by Ryanair’s decision to cut its Dublin fleet to 24 from 30 for the winter …

Wednesday 25 July 2018 Housing crisis deepens and raises pressure on Murphy

THE number of people living in emergency accommodation has hit another record high – but campaigners say the figures don’t take account of the “hidden homeless”.

Housing Minister Eoghan Murphy is under renewed pressure after a series of reports showed the housing crisis continues to worsen.

According to the Department of Housing, 9,872 people were in emergency accommodation during the week of June 18-24. This is an increase of 26 …

US stock markets well-positioned to weather any trade war storms

Trade war fears have rattled US markets this year – but despite these worries, they have continued to post gains.

The S&P 500, the US’s main benchmark index, and the Nasdaq index of leading technology shares, retreated from their bull run following President Donald Trump’s decision to impose tariffs on steel and aluminium imports in May, but investors soon shrugged off the announcement.

The US is imposing tariffs of 25pc …

Dublin-listed venture capital firm invests £7m in surgical guidance company

Dublin and London listed Draper Esprit has invested £7m (€7.8m) in Endomag, a surgical guidance company that pioneers magnetic sensing equipment, which targets and removes cancer.

Since April this year Draper Esprit has invested £29m across eight transactions, and a further £7m from its enterprise investor scheme (EIS) and venture capital trust (VCT) funds, the company said in a statement ahead of its AGM today.

This includes a £9.9m investment …

Monday 23 July 2018 Cybersecurity is so important to Ireland due to multinational population

Cybersecurity should be top of the agenda for all companies, and Ireland needs to be especially vigilant because so many multinationals have their headquarters here, according to Mikko Hypponen, the keynote speaker at Dublin Information Sec 2018.

Hypponen is an international expert on computer security and privacy issues and is credited with tracking down the authors of the very first PC virus. He is chief research officer at F-Secure.

Dublin …

Dublin pips Paris to become dearest city in Eurozone

Dublin is now the costliest city in the Eurozone to live in for expats, having overtaken Paris, according to a new survey.

The capital is also ranked 32 among the world’s most expensive cities.

It shot up the league table from number 66, primarily as a result of the strength of the euro compared to the dollar.

But the soaring cost of rental accommodation is also a major factor that …

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