Ireland

Unemployment jumps to 10-year high of 6.1 per cent in Ireland

Dublin, Ireland Dublin - The seasonally adjusted unemployment rate in Ireland jumped to a 10-year high of 6.1 per cent in August from 4.5 per cent in the same month last year, the Central Statistics Office (CSO) reported Wednesday.

There were 235,100 people claiming unemployment benefits in August, up 73,200 over the 12-month period to the end of the month, the highest jump ever recorded, the CSO told national broadcaster RTE.

Unemployment in Ireland has been steadily increasing since the beginning of the year when the economy started to take a downturn.

Irish minister criticised for suggesting Lisbon re-run

Dublin - Ireland's Europe Minister Dick Roche has been criticised by both yes and no campaigners for saying he believes a second referendum on the Lisbon Treaty will be necessary, the Irish Independent reported Tuesday.

Roche told the newspaper on Monday that it is his "personal view at this stage" that Ireland will have to vote again on the EU reform treaty the country rejected in a referendum in June.

Prior to Roche's comments government ministers had said it was too early to say how Ireland would get around the ratification dilemma. Ireland was the only EU member to hold a public referendum on the treaty which has to be ratified by all 27 member states before it can come into effect.

Ireland's premier under fire as economic gloom descends

Irish Prime Minister Brian CowenDublin - Irish Prime Minister Brian Cowen, who is currently presiding over the severest economic crisis to hit Ireland in 20 years, is a man in need of a plan.

While his predecessor, the ever-popular Bertie Ahern, was the face of the Celtic Tiger boom, which took off in the mid-1990s and was over by 2007, Cowen - once Aherne's finance minister - has misfortune to be tied to, and blamed for, Ireland's sharp economic downturn

Since taking up office on May 7, Brian Cowen has sustained two crushing political blows.

Ryanair sees up to 60 million euros loss in 2008/2009

Dublin - Ireland's low-fare airline Ryanair warned Monday that it is bracing for red-ink of up to 60 million euros (95 million dollars) in the fiscal 2008/2009 year amid surging fuel costs.

At best, the airline said in presenting first-quarter figures, the company could show break-even results.

Ryanair said that in the first quarter starting April 1, it managed a profit of 21 million euros, plunging 85 per cent from the same quarter a year earlier.

Aviation fuel in the quarter cost the airline 367 million euros, surging 93 per cent from the same quarter last year. Ryanair said fuel now accounts for half of the airline's expenses, compared with 36 per cent a year ago.

PM Brian Cowen to meet Barroso ahead of Brussels crisis summit

Brussels - Irish Prime Minister Brian Cowen

Ireland sends 25 million texts per day

Dublin  - Ireland, with a population of just 4.3 million, sends 25 million mobile phone text messages every day, according to figures from the telecommunications regulator ComReg carried Wednesday

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