The Treasury must find alternatives to the private finance initiative for delivering big infrastructure projects, parliament’s public spending watchdog has warned (Source: FT.com – Drugs and Healthcare)
The national spending watchdog has issued a warning over future use of any private finance initiatives to build hospitals, saying other ways of funding public projects might be better value for… (Source: BMJ Online First)
Seasonally adjusted Irish goods exports increased by 11% in February 2011 while imports rose by 3% leading to an increase of 33% in the seasonally adjusted trade surplus to €3,829m. On an unadjusted basis, the value of exports in February 2011 was up by 14% compared with February 2010 and the value of imports was up by 18%. Earlier in February, we reported that that industrial production fell 2.3% in February.
Irish Financial Services Ombudsman says complaints hit record high; Awards compensation of over €1.3m
The Irish Financial Services Ombudsman (FSO), William Prasifka, today published his Office’s Bi-Annual Review (July–December 2010) and he says public complaints in the period hit a record high. Compensation of over €1.3m was awarded.
Markets news on stocks, currencies and commodities; The impact of last month’s devastating quake and tsunami disaster will cut Japan’s economic growth to 0.8% this year, the OECD said Thursday, halving its previous forecast of 1.7%.
Irish Economy 2011: The Government’s planned Jobs Initiative should be the start of a retooled enterprise policy to meet the multi-year challenge of creating a huge number of jobs. An “ambitious long-term strategy” has been promised.
Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Apple on Wednesday announced a stunning fiscal 2011 second quarter, which ended March 26, 2011, with 83% revenue growth, 95% profit growth record and iPhone sales up 113%.
Fresh from a victory in forcing the German government to abandon its nuclear policy, NIMBYs (people afflicted with the Not In My Back Yard syndrome) are bracing to battle against the massive new power lines and wind turbines that are being built across the country as part of the green energy program, but Der Spiegel magazine says the “energy autobahns” are facing resistance from all sides.
US multinationals (MNCs) cut their workforces in the US by 2.9m during the 2000s while increasing employment overseas by 2.4m, new data from the US Bureau of Economic Analysis show. In the previous decade, MNCs added 4.4m in the US and 2.7m overseas. However, the MNCs have also become increasingly dependent on revenues from overseas.