Business News
The Federal Reserve will continue to use all the tools at its disposal until the US economy begins to fully rebound from the harm caused by the novel coronavirus outbreak, Fed Chair Jerome Powell said today, even as he acknowledged the limits of the bank’s powers. “Many of the programmes we are undertaking to support […]
Read MoreThe Federal Reserve will continue to use all the tools at its disposal until the US economy begins to fully rebound from the harm caused by the novel coronavirus outbreak, Fed Chair Jerome Powell said today, even as he acknowledged the limits of the bank’s powers. “Many of the programmes we are undertaking to support […]
Read MoreEU finance ministers have failed to agree on a bailout plan to help hard hit member states face the coronavirus outbreak, after Italy refused to abandon its plea for “coronabonds” to share the burden. “After 16 hours of discussions, we came close to a deal but we are not there yet. I suspended the Eurogroup […]
Read MoreEU finance ministers have failed to agree on a bailout plan to help hard hit member states face the coronavirus outbreak, after Italy refused to abandon its plea for “coronabonds” to share the burden. “After 16 hours of discussions, we came close to a deal but we are not there yet. I suspended the Eurogroup […]
Read MoreThe Central Bank has said recent actions by the ECB will release upwards of €20bn for Irish banks to borrow and potentially loan out in non-mortgage lending. In an economic letter published today, the bank also says that actions like the Pandemic Emergency Purchase Programme (PEPP) will ensure that governments “can more easily issue debt to […]
Read MoreThe number of new users and the volume of online shopping continued to increase over the last week as people became even more confined to home due to the Covid-19 crisis. New data compiled by digital agency Wolfgang Digital found that between March 30 and April 5, internet based sales traffic rose overall by 19% compared to […]
Read MoreBusiness output in Dublin stagnated in the first quarter of the year as business activity grind to a halt in March, new figures show today. The latest IHS Markit Dublin Purchasing Managers index fell to 49.9 from 53.7, ending more than seven years of continuous output growth in Dublin. A figure under 50 signals contraction, […]
Read MoreThe 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 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 […]
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