Categorized as: Syndicated News

Ecommerce explosion: online cross-border sales boom in China offers Irish exporters opportunities

Ecommerce has exploded in China – on current trends half of all of the world’s online transactions will take place in the economic power house this year.

Local Chinese tech champions such as Alibaba, Tencent and JD.com dominate a rapidly-growing ecommerce ecosystem, mostly within China, according to a paper from the World Economic Forum (WEF).

Cross-border sales are increasing, and with an increasingly wealthy population of 1.4 billion, international businesses …

Adrian Weckler: ‘Beware of Black Friday ‘sales’

In five days, ‘Black Friday’ will occur. You’ll see and hear lots of ads appearing about this. Sadly, it’s a time of the year when retailers spoof a lot about price cuts with no consequence from any regulatory body.

Discounts are exaggerated and recommended retail prices – ‘RRP’ – are quoted that have not been true for months.

Every year I cover this. Every year, I find examples from almost …

Consumer spending to reach a record €105bn – surpassing boomtime peak

Irish consumer spending is set to reach a record €105bn this year, surpassing the boomtime peak set in 2007, according to a new report.

The Home Renovation Incentive (HRI), a tax relief for home improvements, is fuelling strong growth in people’s spending on their homes, according to the latest Consumer Market Monitor from the Marketing Institute of Ireland and UCD Michael Smurfit Graduate Business School.

Sales of hardware, furnishings and …

Review of expenses scheme angers accountants

One of Ireland’s top accounting representative groups has lashed out at Revenue’s review of the flat-rate expenses scheme, saying 500,000 could ultimately be affected and that some individuals could lose out on gains from the Budget.

Brian Keegan, director of public policy and taxation at Chartered Accountants Ireland (CAI), said changes to the scheme coming into effect next year affecting around 80,000 people were “ill-timed and difficult for employers and …

The Irish studio started with just myself…now we have 36 employees.’ Blockchain firms look to Dublin

A growing cryptocurrency ecosystem and availability of tech talent is attracting blockchain leaders, and their companies, to Ireland.

Digital currency exchange Coinbase has most recently helped to expand the crypto economy here, opening an office in Dublin just last month.

At the time, the firm’s UK CEO Zeeshan Feroz said that Dublin, with its diverse talent pool and entrepreneurial spirit, was the “clear choice” when the company considered the location …

Startup diary: There are three rules that every startup needs to follow for sales success

Once you have users for your online product, how do you sell to them? This an important question. I often speak to aspiring founders about their ideas and the first question I always end up asking is: “Who will give you money and why?”

The need to ask this question is a remarkably frequent occurrence. Even if the founder’s pitch was really great, I almost never walk away understanding exactly …

Fifth of employers consider quitting Dublin to beat spiralling costs

One in five employers are considering moving outside of Dublin due to rising costs, according to the latest ‘Quarterly Employment Market Monitor’ from Cpl Resources.

This comes on the back of new figures from the Central Statistics Office showing that property prices continue to rise. While the median, or middle, price for a property nationwide at the moment is €255,000, in Dublin this rises to €364,998.

Speaking to Independent.ie, Gráinne …

Adrian Weckler: ‘Why cities bend over for tech’

Imagine Google and Facebook employing 20,000 people in Dublin. What sort of power would that bring? What effect would it have on the city, its economy, its infrastructure, its culture?

If you don’t think this could happen, think again.

Figures last week showed that the two companies now employ 11,000 people between them, with another 5,000 expected in the coming three to four years.

Given their track record, you can …

Foreign legion: Just 3pc of men who move abroad are doing it to follow their partner’s career path

A quarter of women who move abroad to live do so because their partner accepted a job overseas – but the same is true for only 3pc of men.

This is according to the 2018 HSBC ‘Expat Explorer’ report.

With males accounting for six in every 10 expatriate workers, they make up the majority in almost all 31 countries examined in the report.

Only Ireland and Turkey host more female …

Monday 12 November 2018 Why can’t I add son to our car’s policy?

My son is 19 years old and he started college in September. He stays in Dublin Monday to Friday and comes home most weekends. He would like to be added to our car insurance, even though he may only use the car two-three times a month, but it would be useful to have him insured. My insurance company has told me he cannot be added because he is under 25, …

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