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4 days ago | 
irishexaminer.com | Ronan Smyth
Satellite internet company Starlink, which is owned by controversial billionaire Elon Musk, saw its international revenues and profit nearly double last year as competition in space begins to accelerate, the company’s latest financial documents show. Starlink Internet Services Limited, which is principally involved in the sale of broadband internet and telecommunication services, is based in Ireland but provides services to various countries outside the US.
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4 days ago | 
irishexaminer.com | Ronan Smyth
Cork-based services firm Org Group has announced it has acquired Brussels-based European workforce solutions firm Enterprise Digital Resources (EDR). Org Group said the acquisition strengthened and expanded its access to a ‚Äúnetwork of high-skilled consultants at a time when businesses are accelerating digital transformation and facing heightened talent demands‚ÄĚ. Financial details of the acquisition have not been disclosed.
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5 days ago | 
irishexaminer.com | Ronan Smyth
The former mayor of New York City and owner of the financial services firm Bloomberg, Mike Bloomberg said Ireland is “writing a new chapter in its history” as the economy here continues to grow while America is now “the one that’s worried about growth”.
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1 week ago | 
irishexaminer.com | Ronan Smyth
The average basic income of first-time buyers seeking a mortgage grew to €85,000 during 2024 as their average mortgage size also stood at just under €300,000, new data from the Banking and Payments Federation, Ireland (BPFI) shows. As part of its latest Mortgage Market Profile Report for the second half of 2024, the BPFI compared the mortgage values and income level of buyers with levels seen in 2019.
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1 week ago | 
irishexaminer.com | Ronan Smyth
The prices households pay in Ireland for everyday items were the second highest in Europe last year, only behind Denmark, and 38% higher than the average across the bloc, new data from Eurostat shows. Eurostat said price levels for household consumption expenditure “differed widely” across the EU, with prices in Denmark being 43% higher than the average. Luxembourg was in third place with prices 33% higher than the EU average.
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1 week ago | 
irishexaminer.com | Ronan Smyth
Ireland has fallen to seventh place in the latest World Competitiveness Rankings, as the country suffered a significant fall in efficiency of doing business. According to the latest rankings from the International Institute for Management Development’s (IMD) World Competitiveness Centre, which has been ranking the competitiveness of countries for 37 years, Ireland fell three places from fourth in 2024. Ireland stood at second in the rankings in 2023.
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1 week ago | 
irishexaminer.com | Ronan Smyth
The Irish economy is in a ‚Äúlittle bit of a straitjacket‚ÄĚ at the moment, as growth is constrained by issues around housing and infrastructure, officials in the Central Bank of Ireland have warned as it revises downwards its forecast for domestic economic activity due to heightened uncertainty.
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1 week ago | 
irishexaminer.com | Ronan Smyth
The government is to remove the cap on bankers' pay put in place after the taxpayer bailed out the sector in the wake of the financial crisis. It follows the decision by Minister for Finance Paschal Donohoe to sell the remaining State stake in AIB. The CEOs of banks bailed out by the taxpayer saw their salaries capped at β¬500,000. Bakers' bonuses above β¬20,000 also attracted a super-tax of 87%.
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1 week ago | 
irishexaminer.com | Ronan Smyth
The value of Irish exports declined by 43% in April compared to March, driven primarily by a drop-off in exports to the US following the introduction of tariffs by President Donald Trump. On April 2, Mr Trump announced wide-sweeping tariffs on all imports into the US. The EU was initially hit with a 20% tariff. However, after equity and bond markets reacted badly to the new tariffs, Mr Trump was forced to backtrack, announcing a 90-day period where all of his tariffs would be reduced down to 10%.
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1 week ago | 
irishexaminer.com | Ronan Smyth
Hiring platform Indeed has recorded a notable increase in the number of people based in the US showing interest in jobs in Ireland. According to data, Indeed said between January and April, overseas searches for Irish jobs accounted for 12.3% of all searches for Irish roles during the month. Job seekers in the UK are most interested in Irish-based roles, accounting for 22.3% of total overseas searches.
