The overall KBC Ireland/ESRI Irish Consumer Sentiment Index weakened to 49.6 in January. This compares to a figure of 50.2 in December, and to an all time low of 39.6 in July 2008.
San Francisco landlord Lembi Group handed over 51 buildings to one lender and is renegotiating some $1 billion in short-term debt to save buildings in its portfolio.
Delta Index, Ireland’s online trading company, has announced its sponsorship of the popular political cabaret Leviathan for 2009. Hosted by economist and broadcaster David McWilliams, the monthly event kicks off on Tuesday, February 3rd at 8pm in Temple Bar’s Button Factory with a rolling panel of special guests, experts and commentators from the world of politics and business.
Irish food and drink exports declined by 6.5% to €8.16 billion in 2008. State food promotion agency Bord Bia says the performance of the sector remains impressive considering 43% of our exports are destined for the UK.
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Battered by recession, CEOs’ confidence about future prospects for business has plummeted and executives expect a slow, gradual recovery over the next three years, PricewaterhouseCoopers 12th Annual Global CEO Survey has found. The survey results were released today at the World Economic Forum annual meeting in Davos, Switzerland.
On Tuesday President Obama made a trip to Capitol Hill to seek bipartisan support for his economic stimulus plan, from Republicans in both the House and the Senate, and he said he was open to some limited revisions that would address their demands for more tax cuts. The House of Representatives is set to approve today the proposed $816 billion economic stimulus package - - a combination of tax cuts and $604 billion in spending.
The world needs to rewrite the rules of finance and global business says Angel Gurría, Secretary-General, Organisation for Economic Cooperation and Development on the opening day of the 2009 World Economic Forum Meeting at Davos, Switzerland.
A new scientific study led by the US National Oceanic and Atmospheric Administration reaches a powerful conclusion about the climate change caused by future increases of carbon dioxide: to a large extent, there’s no going back.