Business News

Car running costs dip but insurance still an issue

Car running costs dip but insurance still an issue

The average cost of running a family car for a year stands at €10,590, according to the AA’s annual survey of motoring costs – a decrease of €98.11 on last year.

The survey also revealed a 7% drop in insurance costs, but the AA said the decrease has not been even across the market.

The AA said that groups like returning …

EU goods trade gaps with US and China widen

EU goods trade gaps with US and China widen

The European Union’s trade surplus in goods with the US and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions.

The European Union’s surplus with the US grew to €62.1 billion in the months from January to May from €55.4 billion the same time last year, EU …

Revenue intensifies Brexit engagement with businesses

Revenue intensifies Brexit engagement with businesses

Officials from Revenue will be contacting 92,000 businesses around the country as preparations for Brexit continue.

Businesses will receive letters and phonecalls from officials outlining the steps necessary to prepare for Britain leaving the European Union.

The head of Revenue’s Brexit Policy Unit said while businesses should register for an Economic Operators Registration and Identification number, that is only part of the …

Fed poised to get in first with rate cut despite market risks

Fed poised to get in first with rate cut despite market risks

The Federal Reserve looks poised to beat the European Central Bank out of the blocks with a rate cut that looks set for its next meeting on July 31.

Its chairman, Jerome Powell, will have the chance to push the message home tomorrow to a European audience when he speaks in Paris.

This comes after his comments last …

Ireland at full employment as jobless rate unchanged

Ireland at full employment as jobless rate unchanged.

THE country is at full employment as just 4.5pc of the workforce are out of work.

The seasonally adjusted unemployment rate for June was 4.5pc, unchanged on the prior month.

However, it was down 1.9pc when compared to a year earlier, according to figures from the Central Statistics Office (CSO).

The seasonally adjusted number of people unemployed was 109,700 last month.

When …

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