Irish Central Bank Cuts Economic Forecast Again on Heightened Uncertainty
Ireland 's central bank revised down its economic outlook for the second time in a row as heightened geopolitical uncertainty weighs on the small, open economy.
Modified domestic demand — a more accurate measure of Irish growth than gross domestic product — is now forecast to grow by 2% in 2025 and 2.1% on average in 2026, according to the Central Bank of Ireland's quarterly economic bulletin.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
The Blockchain Group Adds 182 Bitcoin, Lifts BTC Holdings to Over $170M
The Blockchain Group (ALTBG), a Paris-listed tech firm that brands itself as Europe's first bitcoin BTC treasury company, said it bought 182 BTC for 17 million euros ($19.6 million), bringing its total stash to 1,653 BTC valued at nearly 149 million euros. The purchase follows a series of convertible bond issuances totaling over 18 million euros, subscribed by UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans and asset manager TOBAM. It also converted share warrants into nearly 3 million ordinary shares, raising another 1.6 million euros for bitcoin purchases. The company said it achieved a 1,173% BTC yield so far this year. The metric is defined as the ratio of total BTC held to fully diluted shares outstanding. Several companies use the term to measure how accretive their bitcoin acquisition strategy is, though they may track the yield in different ways. Even so, The Blockchain Group's figure stands out. Strategy (MSTR), the world's largest corporate holder of bitcoin, reported a 19.1% BTC yield year-to-date while Metaplanet (3350) reported 266.07% and Semler Scientific (SMLR) 26.7%. The Blockchain Group's bitcoin was purchased through Swissquote Bank Europe and Banque Delubac, and is held in custody by Taurus, a Swiss digital asset infrastructure provider. The latest round of purchases brings the average cost basis of the firm's bitcoin to about 90,000 euros per coin. Shares of The Blockchain Group fell 2.1% to 4.895 euros in early Wednesday trading on Euronext Paris. The benchmark CAC 40 Index was little changed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
37 minutes ago
- Forbes
WhatsApp Rolls Out Ads, Breaking Its ‘No Ads! No Games! No Gimmicks!' Pledge
POLAND - 2024/02/23: In this photo illustration a WhatsApp logo seen displayed on a smartphone. ... More (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images) For several years, WhatsApp characterized itself on a defining promise: no ads, no gimmicks and no data-hungry distractions. This week, that promise was officially broken. Meta, which acquired the messaging giant over a decade ago, is rolling out advertisements within WhatsApp's 'Updates' tab — an important shift for a platform that long resisted ad-driven revenue models. The move marks WhatsApp's first consumer-facing ad integration, as well as Meta's push to monetize its 3-billion-user crown jewel beyond business tools. 'We've been talking about our plans to build a business that does not interrupt your personal chats for years,' Meta wrote in a June 16 blog post. 'We believe the Updates tab is the right place for these new features to work.' Now, alongside updates from friends and family, users will see sponsored content from businesses. Meta says it will use only limited information for ad targeting, such as a user's city, language and the channels they follow. Notably, it claims it won't access message content, group chats or call data. 'Your personal messages, calls and groups you are in will not be used to determine the ads you may see,' the team wrote. Still, the changes breach the core ethos that helped WhatsApp gain popularity and once set it apart from the more overtly data-hungry design of other social platforms. The tension between WhatsApp's founding values and Meta's business model was laid bare as early as 2018, when co-founder Brian Acton told Forbes he left the company over Facebook's plans to monetize the app by introducing targeted ads in the Status feature and its behind-the-scenes pressure to weaken WhatsApp's end-to-end encryption. In the interview, Acton was unambiguous: 'Targeted advertising is what makes me unhappy.' At the time, Facebook insisted it wouldn't compromise user privacy, but security researchers pointed out to Forbes that there were 'nuanced' ways to extract metadata or scan messages for keywords before encryption, potentially enabling ad targeting without technically breaking encryption. Even earlier, in a now-famous 2012 blog post, WhatsApp co-founders Acton and Jan Koum described their aversion to advertising in detail, and, in the post, even quoted Fight Club to make their point: 'At every company that sells ads, a significant portion of their engineering team spends their day tuning data mining, writing better code to collect all your personal data… We are simply not interested in any of it.' Koum reportedly also kept a note from Acton taped to his desk reading: 'No Ads! No Games! No Gimmicks!' That ideology was central to WhatsApp's identity. After Meta's $19 billion acquisition in 2014, WhatsApp dropped its $0.99 annual subscription fee but promised to keep the app free of third-party ads and spam. That era is now over. Meta earned more than $160 billion in advertising revenue last year, including Facebook and Instagram. WhatsApp is now being folded into the company's broader monetization strategy — and time will tell what kind of trade-offs users are willing to accept. Beyond ads in Status, Meta is introducing promoted channels and paid subscriptions for channel followers. But even if the changes don't affect message threads directly, Meta's ad-driven incentives continue to be at odds with WhatsApp's encryption-first reputation. Online, the backlash was swift. Reddit threads are peppered with users threatening to jump ship to Signal and Telegram. One comment, upvoted more than 3,500 times, reads: 'Meta/Facebook promised to never add advertising to WhatsApp when they acquired the app for $19bln. The moral of the story: Never trust the Zuck.' Others appear less concerned. Since the ads live in the lesser-used Updates tab, many casual users may barely notice. Despite backlash over Instagram ads, Threads rollouts and Facebook redesigns, Meta's platforms have consistently retained users — particularly in markets like India, Brazil and Indonesia, where WhatsApp is used daily to work, shop and bank. Still, WhatsApp is no longer the lean, user-first app it once was. It's now part of Meta's full-stack data-and-commerce engine, with all the complexity — and controversy — that brings. As WhatsApp enters its next era, it's difficult not to consider how unlikely this shift may have looked to its early users. 'Remember, when advertising is involved, you the user are the product,' the app's 2012 manifesto warned. In 2025, that product is mature, monetized and unmistakably meta.
Wall Street Journal
an hour ago
- Wall Street Journal
The Battle Over the Future of Swatch: Luxury or Fun?
When American fund manager Steven Wood set his sights on the storied Swiss watchmaker Swatch UHR 0.26%increase; green up pointing triangle Group, he tried a suitably stylish opening gambit. He sent Chief Executive Nick Hayek cigars; a favorite book, 'The Luxury Strategy' by Jean-Noël Kapferer and Vincent Bastien; and a handwritten note laying out opportunities he saw for Swatch's luxury brands to recapture market share.
