Business News

Insurers agree measures to ease Covid-19 burden

14th April 2020

The insurance industry has announced a suite of measures aimed at helping personal and business customers through the difficulties posed by the Covid-19 pandemic. They include a reduction in premiums for business customers that will reflect the reduced level of exposure they have as a result of the restrictions as well as flexibility for those […]

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Insurers agree measures to ease Covid-19 burden

14th April 2020

The insurance industry has announced a suite of measures aimed at helping personal and business customers through the difficulties posed by the Covid-19 pandemic. They include a reduction in premiums for business customers that will reflect the reduced level of exposure they have as a result of the restrictions as well as flexibility for those […]

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IMF approves debt relief for 25 poor countries over Covid-19

14th April 2020

The International Monetary Fund has announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more […]

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IMF approves debt relief for 25 poor countries over Covid-19

14th April 2020

The International Monetary Fund has announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more […]

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45,000 mortgage breaks granted by Irish banks

14th April 2020

More than 45,000 mortgage payment breaks have been or are about to be given to borrowers suffering financial difficulty as a result of the Covid-19 pandemic. According to the Banking and Payments Federation Ireland (BPFI) this represents approximately 5% of the total mortgage market here. The initiative is being operated by all five of the […]

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45,000 mortgage breaks granted by Irish banks

14th April 2020

More than 45,000 mortgage payment breaks have been or are about to be given to borrowers suffering financial difficulty as a result of the Covid-19 pandemic. According to the Banking and Payments Federation Ireland (BPFI) this represents approximately 5% of the total mortgage market here. The initiative is being operated by all five of the […]

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Covid-19 unemployment payments to cost Exchequer €5bn for three months

9th April 2020

The Covid-19 unemployment payments will cost the Government just under €5bn for three months, according to an analysis by the Economic and Social Research Institute.  The ESRI also warns that the cap on higher earners in the wage subsidy scheme may encourage firms to lay off those employees rather than retaining them.  The Government has introduced […]

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Covid-19 unemployment payments to cost Exchequer €5bn for three months

9th April 2020

The Covid-19 unemployment payments will cost the Government just under €5bn for three months, according to an analysis by the Economic and Social Research Institute.  The ESRI also warns that the cap on higher earners in the wage subsidy scheme may encourage firms to lay off those employees rather than retaining them.  The Government has introduced […]

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World faces ‘worst economic fallout since Great Depression’ – IMF

9th April 2020

The global coronavirus pandemic is causing an economic crisis unlike any in the past century and will require a massive response to ensure recovery, International Monetary Fund chief Kristalina Georgieva said today. She warned that “global growth will turn sharply negative in 2020,” with 170 of the International Monetary Fund’s 180 members experiencing a decline […]

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World faces ‘worst economic fallout since Great Depression’ – IMF

9th April 2020

The global coronavirus pandemic is causing an economic crisis unlike any in the past century and will require a massive response to ensure recovery, International Monetary Fund chief Kristalina Georgieva said today. She warned that “global growth will turn sharply negative in 2020,” with 170 of the International Monetary Fund’s 180 members experiencing a decline […]

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