Business News

EU watchdog gives nod to delaying financial reports due to epidemic

27th March 2020

Regulators should give listed companies an extra two months to publish their annual financial statements given the difficulty of completing audits on time due to the coronavirus epidemic, the European Union’s markets watchdog said today.  The European Securities and Markets Authority said national regulators should “apply forbearance powers towards issuers who need to delay publication […]

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Employment lawyers critical of Govt wage subsidy scheme

27th March 2020

Employment lawyers have strongly criticised the Government’s Temporary Wage Subsidy Scheme which is being debated in the Dáil today. In a letter to the Minister for Employment Affairs and Social Protection Regina Doherty marked “Urgent”, the Chairperson of the Employment and Equality Law Committee of the Law Society Catherine O’Flynn says that flaws in the […]

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Employment lawyers critical of Govt wage subsidy scheme

27th March 2020

Employment lawyers have strongly criticised the Government’s Temporary Wage Subsidy Scheme which is being debated in the Dáil today. In a letter to the Minister for Employment Affairs and Social Protection Regina Doherty marked “Urgent”, the Chairperson of the Employment and Equality Law Committee of the Law Society Catherine O’Flynn says that flaws in the […]

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Euro zone faces 2% recession, 10% if lockdown lasts – S&P Global

26th March 2020

The coronavirus pandemic will push the euro zone and Britain into recession this year, with their economies expected to shrink by as much as 2%, the international ratings agency S&P Global warned today.  “The euro zone and UK are facing recessions. We now expect GDP (gross domestic product) to fall around 2% this year due […]

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Euro zone faces 2% recession, 10% if lockdown lasts – S&P Global

26th March 2020

The coronavirus pandemic will push the euro zone and Britain into recession this year, with their economies expected to shrink by as much as 2%, the international ratings agency S&P Global warned today.  “The euro zone and UK are facing recessions. We now expect GDP (gross domestic product) to fall around 2% this year due […]

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Central Bank seeks assurance on Covid-19 insurance claims

26th March 2020

The Central Bank is to write to the insurance industry setting out how it expects insurance firms to handle the settlement of claims arising from the Covid-19 pandemic. The regulator says firms must ensure that all claims are appropriately assessed and where there is insurance cover in place, that claims are accepted and paid. The […]

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Central Bank seeks assurance on Covid-19 insurance claims

26th March 2020

The Central Bank is to write to the insurance industry setting out how it expects insurance firms to handle the settlement of claims arising from the Covid-19 pandemic. The regulator says firms must ensure that all claims are appropriately assessed and where there is insurance cover in place, that claims are accepted and paid. The […]

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Economy to shrink by at least 7.1% due to virus – ESRI

26th March 2020

The economy could contract by over 7% this year and unemployment could soar to around 18% as a result of measures taken to slow the spread of the coronavirus, the Economic and Social Research Institute warned today. The ESRI said the Covid-19 pandemic is the greatest threat that the Irish economy has faced since the financial crisis.  […]

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Economy to shrink by at least 7.1% due to virus – ESRI

26th March 2020

The economy could contract by over 7% this year and unemployment could soar to around 18% as a result of measures taken to slow the spread of the coronavirus, the Economic and Social Research Institute warned today. The ESRI said the Covid-19 pandemic is the greatest threat that the Irish economy has faced since the financial crisis.  […]

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World markets rally as US agrees $2 trillion stimulus package

25th March 2020

After earlier strong gains, European shares were mixed today after an enormous $2 trillion US stimulus package and evidence of moves by companies to deal with the financial effects of the Covid-19~crisis failed to offset the impact on markets of a surge in cases around the world.  After jumping as much as 5.1% in earlier trade, […]

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