Scheme boost to long-term jobless
A NEW scheme that incentivises employers to hire long-term unemployed people has been launched. Jobs Plus will see the State cover about €1 in €4 of the typical cost of hiring someone who has been on the live register for 12 months or more.
Employers can claim €7,500 for someone unemployed for between one and two years, and €10,000 for someone out of work for more than two years.
SILICON VALLEY DATE FOR BELFAST FIRMS
BELFAST City Council will lead a trade mission to Silicon Valley in October, designed for companies working in technology.
The Belfast Tech Mission will showcase 20 firms and the technologies and products they are developing to California-based companies and investors.
DIY GIANT SETTLES FRENCH TAX CASE
EUROPE'S biggest DIY retailer, Kingfisher, said yesterday a French tax case has been settled in its favour. It paves the way for a one-off credit of £145m (€168m) to its 2013-14 earnings.
The decision will reignite speculation about returns to Kingfisher investors, as chief executive Ian Cheshire has previously stated they would not be considered until the French case was settled.
LAGARDE: US CUTS INAPPROPRIATE
IMF chief Christine Lagarde has called US federal budget cuts an inappropriate measure that will weigh on potential growth.
Washington enacted across-the-board federal spending cuts in March because Congress could not agree on an alternative.
OLYTICO IS NEW NAME FOR O'LEARY
SOCIAL media analysis firm, O'Leary Analytics has become Olytico.
"When you're a one man band it's okay to have your name above the door," said Olytico founder and media analyst Stephen O'Leary.
Olytico provides social media monitoring and analysis to a growing client base, including leading companies in the utility and financial services sectors.
SLIM POURS $40M INTO SHAZAM TV
Shazam has found an ally in Carlos Slim, who is investing $40m (€31m) in the start-up best-known for helping music fans identify catchy songs.
Shazam will accelerate its expansion into TV, where its software can tune into an ad and link directly to a website.