IAG Reports Losses Of $773 Million In First Quarter
May 6, 2022 No Responses

IAG Reports Losses Of $773 Million In First Quarter

The parent company of Aer Lingus has posted heavy losses for the first three months of the year. International Airlines Group (IAG) reported a bigger-than-expected operating loss of $773 million (€731 million) in the first quarter of this year as...
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First Large-Scale Solar Farm Connects To The Grid In Ireland
April 29, 2022 No Responses

First Large-Scale Solar Farm Connects To The Grid In Ireland

The first grid-scale solar farm in Ireland to connect to the national grid was launched on Friday in Co Wicklow. The launch was attended by Minister for the Environment Eamon Ryan, who said that it would be the first of...
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British Government Again Warns Of Suspending Elements Of The NI Protocol
April 22, 2022 No Responses

British Government Again Warns Of Suspending Elements Of The NI Protocol

A UK government minister has issued a fresh warning that the UK could unilaterally suspend elements of the deal with the EU governing post-Brexit trading arrangements with Northern Ireland. Northern Ireland minister Conor Burns refused to be drawn on a...
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Irish Inflation To Peak At 6.75 Per Cent This Year
April 13, 2022 No Responses

Irish Inflation To Peak At 6.75 Per Cent This Year

The Government has forecasted inflation to peak at 6.75 per cent, however ministers have warned that pressure on oil and gas could push it up to 9 per cent. The Minister for Finance Paschal Donohoe said that inflation is expected...
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P&O Ferries Resumes Sailings Between Scotland And The North
April 11, 2022 No Responses

P&O Ferries Resumes Sailings Between Scotland And The North

P&O Ferries has resumed passenger sailings between Scotland and Northern Ireland amid confusion for passengers. The operator told travelers on Sunday that “tourist travel” would not restart until Thursday. But on Monday it posted on Twitter than it had...
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P&O Ferry Released From Detention In Larne
April 8, 2022 No Responses

P&O Ferry Released From Detention In Larne

A P&O ferry has been released from detention after being reinspected by maritime officials, it was announced on Friday. The European Causeway was detained in Larne, Northern Ireland last month following the sacking of almost 800 workers in the UK...
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Ireland’s Central Bank Reduces Growth Forecasts For The Year
April 6, 2022 No Responses

Ireland’s Central Bank Reduces Growth Forecasts For The Year

The Central Bank has revised down its forecast for economic growth this year and pushed up its inflation projections, predicting that a reduction in real incomes will weigh on spending in the coming quarters. The Bank still expects modified domestic...
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Ryanair Warns Of At Least $384 Million Loss For Last Year
April 4, 2022 No Responses

Ryanair Warns Of At Least $384 Million Loss For Last Year

Ryanair has warned it expects to post a loss of at least $384 million (€350 million) as it narrowed its guidance for the past year. It came as the budget airliner said its passenger numbers “recovered strongly” but were still...
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Eurozone Inflation Sours By 7.5 Per Cent In March
April 1, 2022 No Responses

Eurozone Inflation Sours By 7.5 Per Cent In March

Inflation in the eurozone has soared to another record in a fresh sign that rising energy prices fuelled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in...
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Top EU Economist Calls For Targeted Measures To Fight Inflation
March 26, 2022 No Responses

Top EU Economist Calls For Targeted Measures To Fight Inflation

Targeted and temporary measures should be used to tackle rising inflation, a top European Central Bank official has warned. Philip Lane, the chief economist of the European Central Bank, acknowledged that people were experiencing a major increase in the cost.....
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