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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 […]
Read MoreThe 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. […]
Read MoreEuropean banks have the flexibility to avoid a huge rise in provisioning for non-payment of loans during the coronavirus outbreak, the European Union’s securities and banking watchdogs said today. Banks have warned they face mounting provisions as businesses and households they lent money to struggle to repay loans during the outbreak. EU states have approved […]
Read MoreEuropean banks have the flexibility to avoid a huge rise in provisioning for non-payment of loans during the coronavirus outbreak, the European Union’s securities and banking watchdogs said today. Banks have warned they face mounting provisions as businesses and households they lent money to struggle to repay loans during the outbreak. EU states have approved […]
Read MoreAfter 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, […]
Read MoreAfter 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, […]
Read MoreThe Government is to increase the Covid-19 Pandemic Unemployment Support payment for people who have been laid-off due to the virus from €203 to €350. The payment will also apply to the self-employed affected by the virus. However, people who are already unemployed due to reasons other than Covid-19 will remain on the usual Jobseekers’ […]
Read MoreThe Government is to increase the Covid-19 Pandemic Unemployment Support payment for people who have been laid-off due to the virus from €203 to €350. The payment will also apply to the self-employed affected by the virus. However, people who are already unemployed due to reasons other than Covid-19 will remain on the usual Jobseekers’ […]
Read MoreBusinesses most impacted by the coronavirus outbreak will be able to defer the payment of their commercial rates for three months under a plan agreed by the Government with local authorities. The deal will relate primarily to the retail, hospitality, leisure and childcare sectors and will last until the end of May. In a statement, […]
Read MoreThe European Commission has said the EU would suspend its strict rules on public deficits to allow governments to open the money taps to face the coronavirus pandemic. In an unprecedented decision, Brussels triggered something called the “general escape clause”, giving countries free rein to “inject spending into the economy as needed,” EU chief Ursula […]
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