Recession

The list below is a collection of articles that refer to, mention or discuss Recession.

Experts warn Northern Ireland’s banks hamper economic recovery

Experts warn Northern Ireland’s banks hamper economic recovery

According to Finance Minister Simon Hamilton, Northern Ireland’s largest obstacle on the path to economic recovery is “the banking situation.” He stated there was “anecdotal evidence” that NI’s firms were having “severe difficulty” obtaining finance to allow them to invest and grow, to the detriment of NI as a whole. Hamilton also told the senior … Read more

Ireland ‘breaks free’ from troika bailout; tough times still ahead

Ireland 'breaks free' from troika bailout; tough times still ahead

The Republic of Ireland, having been only the second European nation requesting and accepting a bailout, is now ready to exit the eurozone’s financial rescue programme. Instead, Ireland will begin funding itself via the international and domestic markets. “We are confident we are making a clean exit,” said Michael Noonan, the country’s Finance Minister. “We … Read more

BlackBerry – Calling it Quits?

BlackBerry – Calling it Quits?

Last week BlackBerry, the company best known for its instant messaging application BBM, announced that they will be dramatically downsizing. Due to much lower-than-expected sales of their BlackBerry Z10, the company is anticipating a loss close to $1 billion for their second quarter. The Z10 did not even sell 3 million of the 6.8 million … Read more