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  • UK urged by IMF to bring forward high value spending UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • Overall economy likely to pick up in Q2 says German central bank Overall economy likely to pick up in Q2 says German central bank

    FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...

  • Housing market picking up in UK Housing market picking up in UK

    LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...

  • Irish online market spend worth €4.1 billion

    Retail Ireland - part of employers group IBEC - says retailers are now focusing more on their online operations. In its online retailing survey, Retail Ireland says the Irish online market spend is €4.1 billion and this is predicted to grow to €21 billion by 2017. But it also says there are barriers to this expansion like delivery costs, set-up costs, poor broadband speeds and a lack ...

  • Govt to announce €7m science research investment

    Almost €7 million in funding for 62 early stage scientific research projects is to be announced by the Government. The funding is being targeted at projects which may have a commercial benefit with further development. The investment is being made as part of Science Foundation Ireland's Technology Innovation Development Award programme. It is also being carried out in collaboration ...

Movie Review

Open Water

Open Water

After making the biggest splash at last years Sundance Film Festival, Chris KentissOpen Water is being touted as the next great indie-crossover, a Blair Witch-ish thriller made on a meager budget and shot in digital video that nonetheless generates the kinds of white-knuckle chill ... ...

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  • Taoiseach to meet Greek PM in Athens

    Taoiseach Enda Kenny will travel to Athens today to meet Greek Prime Minister Antonis Samaras. The two men are expected to discuss the economic situation in the eurozone, as well as negotiations on the EU's seven-year budget. Greece will take over the rotating EU presidency at the beginning of next year. Mr Kenny will also meet representatives of the Greek business community during his ...

  • LE Aoife rescues Norwegian couple off coast of Cork

    A Norwegian couple are recovering in West Cork after spending three days stranded in raging seas off the Irish coast.The couple in their 60's were unable to issue a May Day alert after their 10 metre boat - Alice II - was damaged in stormy conditions.They were eventually spotted by a French trawler, who brought them in contact with the Naval vessel the LE Aoife. The couple last night paid ...

  • SIPTU executive to discuss new Croke Park 2 deal

    The National Executive of SIPTU will meet today to discuss the proposals that emerged from the Labour Relations Commission on the Croke Park 2 deal earlier this week.The union's 63,000 members rejected the initial proposals last month to cut premium pay, increase hours, and cut pay for those earning over EUR65,000.The latest set of proposals will now be studied to ensure they suit ...

  • Man due in Cork court in connection with killing at aprtment complex

    A 27-year-old man is due to appear in court in Cork this morning, in connection with an assault on a man whose body was found in a refuse chute in an apartment complex in the city.The man was arrested on Tuesday and brought to the Bridewell Garda Station for questioning about a fatal assault on 59-year-old Liam Manley. A post-mortem by Assistant State Pathologist, Dr Margaret Bolster, confirmed ...

  • Britain steps up security after soldier killed in London attack

    British military have been ordered to step up security dramatically following yesterday's brutal attack in southeast London in which a soldier was killed and partially decapitated by two machete-wielding ...

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