Business & Economy

UK growth slows to 4-year low as BoE seeks rate hike

Britain’s economy grew at its slowest pace since 2013 in the 12 months after last year’s Brexit vote, data showed on Friday, painting a subdued picture as the Bank of England prepares to raise interest rates for the first time in a decade. The world’s fifth-biggest economy was just 1.5 per cent bigger than a year earlier in the second ...

Read More »

U.K. growth slows to four-year low as BoE prepares rate rise

Britain’s economy grew at its slowest pace since 2013 in the 12 months after last year’s Brexit vote, data showed on Friday, painting a subdued picture as the Bank of England prepares to raise interest rates for the first time in a decade. The world’s fifth-biggest economy was just 1.5 per cent bigger than a year earlier in the second ...

Read More »

Economy showing ‘notable slowdown’ as growth figures revised down

Britain’s economy is exhibiting a “notable slowdown”, according to official statisticians, after figures revealed that year-on-year second-quarter growth rose at a slower pace than previously thought. The Office for National Statistics (ONS) revised down its year-on-year reading for the UK economy in the second quarter, with gross domestic product (GDP) coming in at 1.5%, down from a previous estimate of 1.7% ...

Read More »

Direct Dublin-Toyko route ‘inevitable’ given trade growth, Tánaiste says

Direct flights between Dublin and Tokyo are inevitable given the increased interaction between the two states, according to the Tánaiste and Minister for Enterprise Frances Fitzgerald. Ms Fitzgerald, who is leading the mission, said Britain’s looming exit from the European Union has given “a major shot in the arm” to Ireland’s engagement with Japan and the rest of Asia. Ms ...

Read More »

India’s flagging economy draws dire warnings of recession

Prime Minister Narendra Modi came to power on a euphoric wave of promises to boost India’s economy, add millions of jobs and bring “good times” to the developing nation. Three years later, India’s economic prospects look decidedly grimmer. India’s economic expansion has slowed to its lowest level in three years. Small businesses are struggling, or even shutting down, after overhauls ...

Read More »

State to seek feedback on changes to law on mergers

The Government plans to begin seeking feedback on whether a shake-up of the Republic’s mergers laws has worked. A change to the law in 2014 required takeovers involving businesses with a turnover of €3 million or more to get the Competition and Consumer Protection Commission’s (CCP) approval. Before that, the regulator only had to be told of deals involving businesses ...

Read More »