Arts sector supports 20,775 workers
The arts sector supports 20,755 jobs, and contributes €336m in taxes, according to a new report commissioned by the Arts Council. The report on the economic impact of the arts in Ireland found that the sector provides significant employment. The wider arts sector supports 20,755 jobs, and contributes €336m in taxes, according to the report which is published today.
Construction down again in September
Activity in the construction sector declined again in September, with smaller workloads driving job numbers down yet again. The sector was also hit by higher oil and fuel costs, according to the Ulster Bank Construction Sector Purchasing Managers Index. "The sector continues to exhibit widespread weakness," said Simon Barry, Ulster Bank chief economist.
Lehman reaches payment milestone
Bust bank Lehman Brothers is close to paying back hedge funds caught up in its 2008 collapse after reaching a "critical milestone" in settling a $38bn (€29.32bn) dispute. Lehman Brothers brokerage James Giddens and its parent, Lehman Brothers Holdings Inc, have been in dispute for years over claims filed against them by former customers. Now the trustee overseeing the collapsed business said it has approved a $7.5bn customer claim.
Contract extension on barrier-free tolls
The company that operates the barrier-free tolling system on the M50 around Dublin has agreed a three-year contract extension. BetEire Flow has announced a contract extension with its business process outsourcing partner Abtran.