Opening Bell: Ireland avoids economic shocks, First Derivatives' 400 grad jobs, Facebook's French fine

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Goodbody reports that 2016's 'two major shocks' in the UK and US "have yet to have an impact on the Irish economy."

"Economic momentum remains strong. We reiterate our forecasts for another year of impressive growth for the Irish economy in 2017," it states in its second quarter 'Health Check' for the Irish economy.

The firm forecasts that core domestic demand will increase by 3.7% in both 2017 and 2018.

It expects construction and consumption to fuel Irish growth.

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First Derivatives, a leading provider of products and consulting services to the capital markets industry, will hire 400 graduates in Ireland this year, according to The Irish Independent.

That is up from an intake of 300 last year and is set to be one of the country's largest recruitment drives aimed at graduates in 2017.

Yesterday, the company reported a jump in its pre-tax profits which rose to £12.5m.

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Facebook has been hit with a €150,000 fine in France for breaching data protection rules.

"In particular it has been observed that Facebook proceeded to a massive compilation of personal data of internet users in order to display targeted advertising. It has also been noticed that Facebook collected data on browsing activity of internet users on third-party websites, via the 'datr' cookie, without their knowledge," France's data authority said in a statement.

This issue is also facing separate investigations in Germany, Spain, the Netherlands, and Belgium.

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One of the co-founders of Twitter, Biz Stone, is returning to the company.

He says his main focus will be to guide the culture of the social media firm.

Despite its influence online, Twitter's failed to compete financially with rivals Facebook and Google.

It's attempting to turn around slow user growth and declining revenue.