Opening Bell: Ireland warned for stalling on infrastructure, 100 new tech jobs for Dublin, the Fed's split

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Employer group IBEC and the Construction Industry Federation (CIF) have warned that stalling regional infrastructural projects could threaten Ireland's economy outside of the capital.

The CIF has called on Ireland's new government to set start dates for investment projects worth more than €1bn.

Major projects such as the new Dunkettle M8 interchange in Cork, as well as the Macroom bypass, the Cork-Ringaskiddy road and new flood defenses for Cork City have all been approved but have not started.

CIF regional director Conor O'Connell highlighted the importance of upgrading infrastructure in Cork as the city continues to develop.

IBEC economist Fergal O'Brien raised concerns over the lack of infrastructural projects being tackled in Ireland while interest rates remain at their current historic lows.


An Irish software firm has announced it's to create 100 new jobs over the next year.

Intercom, based in Dublin and San Francisco, provides a customer communication platform for internet businesses.

It was started by 4 Irish men in the US five years ago and has just secured another $50m in private funding.

The company already employs 140 people at its base on St Stephens Green in Dublin city centre.

Paul Adams is Vice President of Technology at Intercom - he explains who they're looking for now:


A number of Federal Reserve policy makers warned of "appreciable" outside risks to the US economy when the Open Market Committee last met.

New minutes show that worries regarding the bank's ability to ease policy if the US economy slows down dominated the mid-March meeting.

While some policy makers supported a rate hike in April, the majority called for caution. There is increased speculation that the Fed will not move on rates until June.


Iceland's Government has named a new Prime Minister. The agriculture minister Sigurdur Ingi Johannsson replaces the previous leader who was forced to step down in the wake of the Panama Papers scandal.

Sigmundur Gunnlaugsson was accused of hiding an offshore account revealed in the biggest financial leak in history.

The new Prime Minister says he expects to call an election this autumn.