Business News
EU leaders have set a target of two weeks to reach agreement on a trillion euro plus recovery plan for countries stricken by the coronavirus pandemic. This follows a four hour video conference today. The plan will involve leveraging the EU’s one trillion euro seven year budget in order to provide loans and grants to the […]
Read MoreNew figures show that digital advertising spend in the Irish market for 2019 rose by 17% to reach €673m, but the outbreak of Covid-19 will hit spending this year. The latest IAB PwC Online Adspend report shows that display advertising grew by 30% to €326m last year, driven by the growth of Social – which […]
Read MoreSmall and medium sized firms here could need up to €5.7bn in liquidity supports over the coming months as a result of the Covid-19 crisis. According to a new paper from the Central Bank, the policies to contain the spread of the virus have placed a temporary block between the consumption demands of households and […]
Read MoreNew figures from the Environmental Protection Agency show that greenhouse gas emissions from Irish power generation and industrial companies fell by 8.7% last year. This mirrors a decrease of about 8.9% across Europe in 2019 and comes despite the country’s strong economic growth during the year. The EPA said the decrease in emissions was due […]
Read MoreOil prices extended their gains today amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world’s economies. Brent crude was up 33 cents, or 1.6%, at $20.70 a barrel in early trade after rising more than 5% yesterday. US West Texas Intermediate […]
Read MoreThe European Commission has said it is to implement a series of measures to assist the agri-food sector as a result of the impact of Covid-19. In a statement issued from Brussels, the Agriculture Commissioner Janusz Wojciechowski sad that he had decided to take what he called “swift action” because of the impact of the virus […]
Read MoreEurope’s banks are expected to have to set aside billions for potential loan losses as well as take profit hits because of the coronavirus crisis when they start reporting results over the next two weeks. The region’s banks were already under pressure before the crisis with high costs, low returns, and demands to fix outdated […]
Read MoreEurope’s banks are expected to have to set aside billions for potential loan losses as well as take profit hits because of the coronavirus crisis when they start reporting results over the next two weeks. The region’s banks were already under pressure before the crisis with high costs, low returns, and demands to fix outdated […]
Read MoreMinister for Finance, Public Expenditure and Reform Paschal Donohoe has said that at the end of the 12-week introduction period he will be “tapering and changing” the Covid-19 pandemic welfare subsidies. Mr Donohoe said the welfare subsidies “cannot be sustained indefinitely”, but they can be sustained for long enough to allow incomes to be protected “for […]
Read MoreMinister for Finance, Public Expenditure and Reform Paschal Donohoe has said that at the end of the 12-week introduction period he will be “tapering and changing” the Covid-19 pandemic welfare subsidies. Mr Donohoe said the welfare subsidies “cannot be sustained indefinitely”, but they can be sustained for long enough to allow incomes to be protected “for […]
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