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The Minister for Foreign Affairs, Simon Coveney, has said neither of two remaining obstacles in relation to Brexit are easy to resolve. He said while he is hopeful that it can result in a successful agreement, “we have to be ready for both outcomes”. Speaking on RTÉ’s News at One, Mr Coveney said “because the…

Amazon, Apple, Facebook and Alphabet unit Google may have to change their business practices in Europe or face hefty fines between 6-10% under new draft EU rules to be announced today. The rules are the most serious attempt to rein in the power of the US tech giants which control troves of data and online…

The European Union will need to move in negotiations but it is in the interests of both Britain and the EU to get a trade deal, according to the UK finance ministry. “The fundamentals remain the same, it is in both sides’ interest to have a deal,” Steve Barclay, Chief Secretary to the Treasury, told…

The resilience of the Irish economy will mean it will grow by 0.8% this year, the country’s largest business group has forecast in its latest Quarterly Economic Outlook. 2021 will still bring challenges, Ibec states, but nonetheless it expects Gross Domestic Product to power back and grow by 5.3%. Much of the recovery will be…

Overall, 28,000 new houses will be required to be built each year over much of the next two decades if the country’s housing needs are to keep step with population growth, according to new research from the Economic and Social Research Institute. The ESRI also found that up to 33,000 new homes will be required…

House prices have increased by 3.5% in the last year, according to a report by the property website Daft.ie. So far this year more than 630 properties were sold that were worth €1m or more.  More money is being spent on homes with Daft.ie assessing the value of all residential property in Ireland now stands…

The European Union’s Brexit negotiator, Michel Barnier, has said sealing a new trade pact with Britain is still possible and that negotiations are continuing to attempt to solve rifts over access to UK fishing waters and rules of economic fair play for companies. “We’ve only been negotiating for nine months. We’ve needed at least five…

There are “low expectations” that a post-Brexit trade deal can be struck between the European Union and Britain, European Commission President Ursula von der Leyen has reportedly told EU leaders. Ursula von der Leyen told leaders from the EU’s 27 member states that the “probability of a no deal is higher than of a deal”…

The talks on Brexit may still be ongoing, just about. But so, too, is the worrying here in Ireland about the potential consequences of no agreement being struck. That’s for at least five very good reasons, as the fallout could be extremely serious for Irish business and the economy. Exports If there’s no deal, among…

The European Central Bank expects economic growth to rebound more slowly next year as the pandemic continues to weigh on output but the recovery could be quicker in 2022 than earlier thought, its updated economic projections showed today.  In what it describes as the baseline scenario, the ECB expects GDP to expand by 3.9% percent…