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Last Updated: Apr 10, 2007 - 4:57:48 PM |
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Latest UN climate change report says the poorest of the poor in the world will be worst affected
From the poles to the tropics, the earth's climate and ecosystems are already being impacted by the buildup of greenhouse gases in the atmosphere and face inevitable, possibly profound, alteration, a United Nations scientific panel climate change said Friday.
Apr 7, 2007 - 4:01:00 PM
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Growth Miracles: China and 10 other countries had the best 25 year performances of export-driven high economic growth; Challenge for Ireland to retune Celtic Tiger as exports falter
Dr. Michael Spence, a winner of the 2001 Nobel Prize in Economics and Chairman of the Commission on Growth and Development, says that sustained high growth in developing economies is a recent, post-World War II phenomenon. Using GDP figures, "high" is above 7% and "sustained" is over 25 years or more. He says that these cutoffs are arbitrary, but a similar picture emerges with variants. Growth at these rates produces very substantial changes in incomes and wealth: Income doubles every decade at 7%.
Apr 7, 2007 - 3:51:00 PM
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Monday Newspaper Review - Irish Business News and International Stories
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Apr 9, 2007 - 9:37:00 AM
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Hedge Funds outperform benchmarks through March; Index up +0.98% in March, +2.82% year-to-date
The Greenwich Global Hedge Fund Index yielded +0.98% in March, for year-to-date returns of +2.82%, according to a preliminary report released today by US firm Greenwich Alternative Investments, LLC.
Apr 9, 2007 - 8:40:00 AM
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Survey says national average for Irish workplace absenteeism is 3.8% or 9 working days
A new report by the Small Firms Association has shown that small businesses in Ireland lose on average €757 million per annum through absenteeism. The report also shows that workers in small companies are less likely to miss work through illness than their counterparts in larger businesses.
Apr 9, 2007 - 8:08:00 AM
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Dr Peter Morici: US economy added 180,000 jobs in March
Today, the US Labor Department reported the economy added 180,000 payroll jobs in March, up from 113,000 in February. The March figure considerably exceeded the consensus forecast, which was 135,000.
Apr 6, 2007 - 2:01:00 PM
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US added 180,000 jobs in March; Unemployment rate falls to 4.4% as data exceeds expectations
US nonfarm payroll employment rose by 180,000 in March, and the unemployment rate was essentially unchanged at 4.4 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Employment increased in construction, retail trade, and health care. The number of manufacturing jobs continued to trend down. Average hourly earnings rose by 6 cents, or 0.3 per cent, over the month.
Apr 6, 2007 - 1:38:00 PM
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Euro rises to two-year high against the US dollar as robust Eurozone growth reinforces expectations of ECB rate rise to 4%
The euro reached a two-year high on Thursday against the dollar and approached a record versus the yen as signs of more rapid growth in Europe reinforced speculation that the European Central Bank will raise its key interest rate to 4% in June.
Apr 5, 2007 - 4:29:00 PM
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IONA Technologies expects to report loss in Q1 2007; Revenue below forecast
Irish software company IONA Technologies said today that it expects to report first quarter 2007 revenue to be approximately $17 million. The revenue figure was well below the $18.5-19.5m the company had signalled in its annual results.
Apr 5, 2007 - 3:58:00 PM
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Waterford Wedgwood planning more job cuts
Luxury goods group Waterford Wedgwood said today that it is finalising details of a new restructuring programme aimed at cutting costs.
Apr 5, 2007 - 3:32:00 PM
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Performance "Appraisal" and Board Room bust-up at EBS Building Society
There are two types of company boards.
Apr 5, 2007 - 3:04:00 PM
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UK manufacturing output decreased by 0.2% in the three months to February 2007
UK manufacturing output decreased by 0.2 per cent in the three months to February 2007 compared with the three months to November 2006. Seven out of the 13 sub-sectors showed decreases in output, five sub-sectors showed increases and one remained unchanged.
Apr 5, 2007 - 1:35:00 PM
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Contract awarded for building of National Conference Centre in Dublin
The Minister for Arts, Sport and Tourism John O'Donoghue, TD, today announced that the contract for the provision of a National Conference Centre in Dublin has been awarded to Spencer Dock Convention Centre Dublin Ltd.
Apr 5, 2007 - 1:07:00 PM
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Providence Resources granted extension to Apollo Licensing Option in St George's Channel
Providence, the AIM (London) and IEX (Dublin) listed oil & gas exploration and production company, today announced that it has been granted an extension to the term of its Licensing Option 05/3 in the St George’s Channel, offshore Ireland.
Apr 5, 2007 - 12:38:00 PM
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Digiweb assigned the 088 mobile number for Ireland's first 4G mobile network
Irish telco Digiweb Ltd has today announced that it has been awarded the 088 mobile number range for mobile phone services in Ireland.
Apr 5, 2007 - 12:19:00 PM
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Bank of England keeps UK interest rate on hold at 5.25%
The Bank of England interest rate setting Monetary Policy Committee today agreed, to keep the Bank's key interest rate on hold at 5.25%.
Apr 5, 2007 - 12:08:00 PM
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Job concerns drive Irish Consumer Sentiment to lowest level since end 2003; Correlation with retail spending signals negative impact
The overall IIB Bank/ESRI Consumer Sentiment Index declined to 78.5 in March. This compares to a figure of 84.9 in February.
Apr 5, 2007 - 12:01:00 PM
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IMF says US economic slowdown will only impact other economies if there is a full-blown recession
The current US slowdown in the US economy should not drag down the economies of the rest of the world as long as the American economy does not succumb to a full-blown recession, the International Monetary Fund said on Thursday.
Apr 5, 2007 - 9:06:00 AM
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Thursday Newspaper Review - Irish Business News and International Stories
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Apr 5, 2007 - 8:49:00 AM
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ThirdForce reports operating profit rise of 51% in 2006
ThirdForce, the e-learning courseware and testing provider based in Dublin and London, today announced annual results for the year ended 31 December 2006.
Apr 5, 2007 - 7:57:00 AM
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Big rise in US homes put on market in March
There was a big rise in March, in the number of US homes put on the market.
Apr 5, 2007 - 7:37:00 AM
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Ten Years after the Financial Crisis, East Asian Economies are going strong
A decade after the financial crisis which devastated East Asia in mid-1997, the region is much wealthier, has fewer poor people and a larger global role than ever before, says the World Bank's latest East Asia & Pacific Update - a six-monthly report on the region's economic and social health. But with this success, comes a new wave of challenges for countries trying to avoid the 'middle-income trap'.
Apr 5, 2007 - 6:44:00 AM
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Advisory Science Council recommends need for greater competence in Irish applied research
The Advisory Council for Science, Technology and Innovation today released a report examining the relationship between enterprise and higher education in Ireland and identified key areas which need to be addressed to ensure Ireland remains at the forefront of international trends in research and innovation.
Apr 4, 2007 - 6:29:00 PM
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Weaker than expected US economic reports leave New York markets scrambling for direction; Oil price falls to $64 a barrel
Weaker than expected US economic reports had stocks scrambling for direction Wednesday, as investors welcomed news that Iran will release 15 British naval service personnel, held since last month.
Apr 4, 2007 - 5:00:00 PM
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Comreg says 85% of Ireland’s domestic post is business mail
The Commission for Communications Regulation (ComReg) today published the findings of its 2006 postal business and residential surveys. An Post, the Universal Service Provider, delivers over 750 million items each year. Approximately 85% of Ireland’s domestic post is business mail.
Apr 4, 2007 - 4:08:00 PM
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Propertynews.com says it is Ireland's top property portal with 65% market share
Propertynews.com today announced that it has captured over 65 per cent market share of all property for sale on the island of Ireland. Now the leading and fastest growing property portal in the Republic of Ireland (ROI) and in Northern Ireland, the popular website carries listings from over 1,000 estate agents and auctioneers. The number one website also announced that it is to become the exclusive property partner of IOL.ie / Oceanfree.net, which should further boost traffic.
Apr 4, 2007 - 3:39:00 PM
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Eircom to broadband enable an additional 319 exchanges
Eircom today announced its plans to commit an extra €30m to broadband enable an additional 319 communities around the country. This will allow up to 140,000 extra customers to connect to a broadband enabled exchange. It is hoped that the work will be completed within a couple of years.
Apr 4, 2007 - 2:35:00 PM
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Energia provides juice to Zumo - Europe's largest chain of smoothie and juice bars
Zumo, Europe's largest chain of smoothie and juice bars has awarded the electricity supply rights for twenty of its outlets to competitive electricity provider Energia. The deal will see Zumo make up to ten per cent savings on its electricity bills. The electricity requirement will be supplied to Zumo from Energia’s energy portfolio, which includes its 343MW gas fired power station in North Dublin.
Apr 4, 2007 - 1:59:00 PM
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Report says US added 106,000 jobs in March; Services compensate for losses in manufacturing and construction
Companies in the US added 106,000 jobs in March, a private firm report based on payroll data, showed today.
Apr 4, 2007 - 1:49:00 PM
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RaboDirect launches two investment funds
RaboDirect, Europe’s largest online bank, has launched two new investment funds, the Henderson Horizon Global Property Equities fund and the Henderson Horizon Pan European Smaller Companies fund.
Apr 4, 2007 - 1:33:00 PM
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