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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 ...

  • Flybe axes Belfast to Gatwick flights

    Budget airline Flybe today announced it had dropped direct flights from George Best Belfast City Airport to London Gatwick.The company confirmed it had sold all of its Gatwick arrival and departure slots to rival Easyjet for 20m (EUR23.4m).The decision to withdraw from its main hub airport will particularly affect Northern Ireland commuters and travellers connecting to other ...

  • 20 jobs go as Britvic shuts Belfast operation

    Britvic will focus on Ballygowan, its Irish water brand.The soft drinks giant announced cost cuts totalling 30m over three years as it reported a 50% surge in pre-tax profits to 37.5m for the 28 weeks to mid-April.It said the cuts aim to improve returns for shareholders and comes ahead of a Competition Commission decision on its merger with Irn-Bru owner AG Barr, expected by July. It will then ...

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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  • Man for court over Cork death

    Liam Manley's body was discovered when a maintenance man at the North Gate Apartments on Bachelor's Quay attempted to clear a blocked refuse chute. Image: Google ...

  • Norwegian couple rescued from stricken yacht in Atlantic

    They eventually used flares to highlight their distress and they were spotted by the French trawler, Bikain who tried to get a tow rope aboard the stricken ...

  • Govt to announce €6.9m for 62 research projects

    More than EUR6.9m is being allocated to 62 research projects, including the development of new drugs for cancer treatment.Minister for Research and Innovation, Sen Sherlock, will today announce Government funding for the projects through Science Foundation Ireland.It is expected the funding will allow the development of early discoveries and inventions with commercial potential.Director General ...

  • Man due in Cork court in connection with killing at apartment 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 ...

  • Amnesty very concerned about Irelands abortion laws

    Amnesty International has warned that until Ireland's laws allow for abortion in certain circumstances, this country will be out of line with international human rights standards.The human rights organisation has launched its annual report today into the state of human rights in 159 countries around the world, including Ireland.The report highlights the plight of the growing numbers of ...

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