Day: July 16, 2022
Does the term “creator economy” make you think of some idealistic environment where creativity, authenticity and passion are key values? Where true Michelangelos and da Vincis drive progress through their talents without struggling for food and proving themselves all their lives to get a chance to be recognized posthumously? If so, I’m with you. Though […]
Shares of companies in the solar power business suffered a broad drubbing in premarket trading Friday, after Sen. Joe Manchin (D-W.Va.) said he would oppose any budget reconciliation package that includes climate or energy provisions. Shares of SunRun Inc. RUN, -6.36% sank 6.8%, Enphase Energy Inc. ENPH, -1.02% dropped 4.1%, First Solar Inc. FSLR, -8.12% […]
On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU’s main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in the member states of the […]
U.S. stocks opened sharply higher Friday after a retail sales report showed consumer spending in June rose more than expected amid high inflation. The Dow Jones Industrial Average DJIA, +2.15% was up 1.5% soon after the opening bell, while the S&P 500 SPX, +1.92% rose 1.3% and the Nasdaq Composite COMP, +1.79% gained 1.2%, according […]
Interview with Governor Makhlouf conducted 16 June 2022 Niall Brady: Okay, well listen thanks again for taking the time to talk to me. You had a very busy week, from what I see yesterday was a busy day for you. Gabriel Makhlouf: I’ve had a busy fortnight. Niall Brady: Really? Why a busy fortnight Gabriel […]
Governor of the Central Bank of Ireland Gabriel Makhlouf met with businesses and students from Tipperary yesterday during his day-long visit. Governor Makhlouf met with local entrepreneurs, staff and Government agencies at Tipperary Technology Park, where conversations included the importance of local digital hubs and local economic development in a hybrid working world recovering from […]
Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]
Q4 2021 saw 2.5 million people in employment, the highest on record. Strong employment was supported by the domestic labour force, with migration playing a smaller role Two groups drove this labour force expansion; under 25s and women over 35. Evidence that there are longer running trends that have encouraged women to remain part of […]
