Wednesday, October 5, 2022
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Business

Gold and silver soared before Powell’s speech.

As markets prepare for Jerome Powell's Jackson Hole address, the precious metals sector is rallying. Gold and silver rallied Tuesday as the U.S. dollar index fell from 20-year highs and bargain hunters returned to the market after last week's selloff. As...

Experts warn that increasing energy costs might push the UK’s inflation rate beyond 18% in 2019.

Forecasters predict that next year's inflation rate in the United Kingdom will reach 18%, the highest level in fifty years. In the month of July, the inflation rate was 10.1%, which was five times the target that the Bank of...

A mix of incentives and penalties may return 17,000 vacant homes to the market.

The Hardware Association estimates that 34,000 of Ireland's 167,000 homes could be renovated affordably. Ireland's "chronic housing shortage" may be alleviated if its 167,000 unoccupied dwellings are brought back into use through an incentive and punishment system. This week, the Hardware...

Due to its £4 billion in debt, it is probable that Cineworld may declare bankruptcy in the United States.

The UK-based company asserts it is still open for business and expects long-term trading "with no significant impact on its workforce," but it has cautioned shareholders that their interests are at danger of "severe dilution." Cineworld may declare for bankruptcy...

It is anticipated that Germany would not have sufficient gas reserves for the next winter.

Since mid-June, Moscow has cut Nord Stream gas deliveries to Europe. It's shipping less than 20% of the promised amount, alleging technical challenges but largely perceived as punishment for Ukraine sanctions. Due to restricted Russian supply, the German regulator warns...

Due to Heathrow’s “hopeless” passenger quota, Ryanair is increasing service to Stansted.

According to the UK's largest airport, without a cap, the airport cannot safely and reliably manage its flight schedule. As it is, however, it might spoil future vacations with the kids. While the CEO of London Stansted Airport has termed...

The construction of three offshore wind farms by Mainstream Renewable Power will generate 100 employment.

If everything goes according to plan, Mainstream Renewable Power's ambitions to develop three offshore wind energy projects in Ireland would result in the creation of one hundred jobs in Dublin. The renewable energy company has "major" offshore wind energy ambitions...

As a result of unfavorable news from China, the price of oil has decreased.

China's economy unexpectedly worsened in July, according to government figures, while refinery output dropped to 12,53 million barrels per day, its lowest level since March 2020. The leader of the world's leading exporter, Saudi Aramco, indicated that it was ready...

In July, construction activities in Ireland decreased significantly.

Since March 2021, when pandemic restrictions struck the sector, this decline has been the sharpest on record. In July, demand for Irish building projects plummeted owing to inflationary pressures, which drove consumers to spend less. According to the BNP Paribas Real...

Lakeland Dairies has announced the price of milk for the month of July.

The following shows the milk price for July at Lakeland Dairies. As a result of Lakeland Dairies' July milk pricing announcement, all of its suppliers in the Republic of Ireland (RoI) and Northern Ireland have received wage raises. Retail milk in...
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Latest News

Gold and silver soared before Powell’s speech.

As markets prepare for Jerome Powell's Jackson Hole address, the precious metals sector is rallying. Gold and silver rallied Tuesday...