Business News
The number of people dependent on income supports has soared to over 700,000, according to the latest figures from the Department of Employment Affairs and Social Protection. Last Friday, payments were issued to 507,000 recipients of the €350 per week Covid-19 Pandemic Unemployment Support payment, which is up from 283,000 a week ago. These payments are […]
Read MoreEurozone finance ministers are expected to agree to use Europe’s bailout fund to help support economies stricken by the coronavirus pandemic. However, during a video conference this afternoon they are expected to stop short of agreeing to pool European debt through so-called coronabonds, an approach favoured by a number of countries, including Ireland. During a […]
Read MoreThe Government is expected to announce details of a new €200 million scheme of enterprise supports for businesses suffering as a result of the Covid-19 pandemic next week. The measures will be aimed at the manufacturing and internationally traded sectors and were approved by the EU under a temporary framework governing state aid rules earlier this […]
Read MoreThe Government is expected to announce details of a new €200 million scheme of enterprise supports for businesses suffering as a result of the Covid-19 pandemic next week. The measures will be aimed at the manufacturing and internationally traded sectors and were approved by the EU under a temporary framework governing state aid rules earlier this […]
Read MoreConstruction activity fell to its lowest level in 11 years as Covid-19 restrictions halted building across the country last month. Ulster Bank’s construction purchasing managers’ index, which follows the sector’s performance every month, fell to 28.9 in March from 50.6 in February, indicating that the industry virtually collapsed. The outbreak of the virus hit all […]
Read MoreConstruction activity fell to its lowest level in 11 years as Covid-19 restrictions halted building across the country last month. Ulster Bank’s construction purchasing managers’ index, which follows the sector’s performance every month, fell to 28.9 in March from 50.6 in February, indicating that the industry virtually collapsed. The outbreak of the virus hit all […]
Read MoreInsurers and reinsurers in the European Union should temporarily suspend dividends and share buybacks, the bloc’s insurance regulator has said. They should also consider postponing bonuses as well to ensure continuity in services during the coronavirus pandemic, the watchdog said. The virus has led to lockdowns of economies and a rising number of insurance claims […]
Read MoreInsurers and reinsurers in the European Union should temporarily suspend dividends and share buybacks, the bloc’s insurance regulator has said. They should also consider postponing bonuses as well to ensure continuity in services during the coronavirus pandemic, the watchdog said. The virus has led to lockdowns of economies and a rising number of insurance claims […]
Read MoreThe services sector here suffered a significant setback due to the Covid-19 outbreak last month, with both activity and new work falling at the fastest rate since April 2009. That is according to the AIB Ireland Services Business Activity Index, which fell from 59.9 in February to 32.5 in March. It found that new business […]
Read MoreThe services sector here suffered a significant setback due to the Covid-19 outbreak last month, with both activity and new work falling at the fastest rate since April 2009. That is according to the AIB Ireland Services Business Activity Index, which fell from 59.9 in February to 32.5 in March. It found that new business […]
Read More