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Dublin: 15 °C Friday 10 July, 2020

Business - Yesterday’s News

EU leaders remain divided on plans for a €750 billion recovery fund ahead of a vital summit meeting

Dutch prime minister Mark Rutte leads a bloc of countries opposed to the deal.

Explainer: Why Irish banks are being accused of 'profiteering from the pandemic'

Developments in recent days have undermined the banks’ positions.

Irish hotel room bookings are at about 25% - last year they were at 90%

The Irish Hotels Federation says action needs to be taken.

Business - Tuesday 7 July, 2020

The European Commission has slashed Irish and eurozone growth forecasts

But the Commission expects the Irish economy to grow by 6.25% next year.

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Central Bank 'determined' to avoid 'tracker mortgage scandal Mark II' over Covid insurance payouts

Gabriel Makhlouf was addressing the Special Dáil Committee on Covid-19 this morning.

Business - Sunday 5 July, 2020

Explainer: Why there's likely to be a lot of liquidations and corporate insolvencies in the near future

Insolvency experts are expecting to be deluged as a result of the pandemic.

Business - Thursday 2 July, 2020

Over one million people on Live Register or getting unemployment payment

The number of people in receipt of Covid-related payments is decreasing as more businesses start to reopen.

Planning permission is being sought for Wicklow's third major film studio

The scheme could deliver 1,500 jobs in the sector.

Business - Wednesday 1 July, 2020

It's not all holidays, so who's getting on the flights out of Dublin Airport? Leaving On A Jet Plane This post contains videos

It's not all holidays, so who's getting on the flights out of Dublin Airport?

Dublin Airport is far from what’s normal for the first day of July.

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Consumer Association of Ireland calls for 'small compensation fund' for holidaymakers who choose not to fly

People who booked flights in July could be left out of pocket if they cancel.

'People won't lose their heads because they're going on holidays': Ryanair defends ramping up summer flights

Ryanair will now operate more than 1,000 flights per day.

Businesses warned they must act independently when setting or increasing prices

The CCPC has also reminded businesses they have additional responsibilities under consumer protection law when setting new or additional fees.

Business - Monday 29 June, 2020

Unfriended: Is #StopHateForProfit a tipping point for Facebook and Mark Zuckerberg? Money Talks This post contains videos

Unfriended: Is #StopHateForProfit a tipping point for Facebook and Mark Zuckerberg?

Some of the internet’s biggest advertisers have started to pull their ads from the site.

Business - Sunday 28 June, 2020

'The idea is to just to try and keep the head above water': The Dublin tourist businesses still in suspended animation

Tour operators are facing down the barrel of a lost summer.

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Business - Wednesday 24 June, 2020

BMW Ireland issues voluntary recall of certain 3 Series cars

The affected vehicles were manufactured between 1997 and 2000.

Guinness launches €14m fund to help Irish pubs recover from Covid-19 lockdown

The company will provide the funding over a two-year period.

Business - Sunday 21 June, 2020

Yoga instructors: 'We are basically starting from scratch as an industry'

Yoga studio owners say social distancing will stretch the sector to its limits.

CityJet and Stobart Air asked government for six-month bailout to ensure their survival after Covid-19

The airlines accounted for over 13% of air traffic at Ireland’s airports before the pandemic.

Business - Thursday 18 June, 2020

Betting companies seek clarity from the government about reopening dates

Many bookies believed they were permitted to reopen last week.

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'There's a lack of understanding of the business': Pubs frustrated by late timing of re-opening guidelines

New guidance on the re-opening of pubs was published by Fáilte Ireland last night.

Business - Tuesday 16 June, 2020

Money being spent on credit and debit cards is almost back to pre-Covid levels

There was a sharp drop in ATM withdrawals in April.

Business - Friday 12 June, 2020

Covid-19 has made low-paid jobs 'worse for workers but more valuable to society'

A new paper calls on policymakers to ‘transform’ precarious and low-paid jobs.

Business - Thursday 11 June, 2020

Prices of clothing, footwear and communications fall for two consecutive months

Consumer prices were 0.5% lower in May than in the same month last year.

Business - Saturday 6 June, 2020

Opinion: Entrepreneurs with a disability need support to compete - and it's just not there

Award-winning photographer, Eddie Hennessy, says his business gave him self worth but lack of support will shutter it.

Explainer: How 'examinership' works in Ireland (including how Saddam Hussein comes into it)

Experts believe the process could provide a lifeline for troubled businesses in the post-pandemic period.

Business - Friday 5 June, 2020

Most shops to reopen from Monday — shopping centres to reopen from 15 June

Taoiseach Leo Varadkar has confirmed that some business restrictions will be lifted from Monday.

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Airbnb plans to cut 35% of its Dublin workforce with around 190 jobs to go

Employees are being consulted as part of the redundancy process.

Business - Thursday 4 June, 2020

Ibec warns of the 'sharpest compression of economic activity in living memory'

The business lobbying group forecasts Irish unemployment to level off at 16% and GDP to contract by 11% for the year.

Business - Tuesday 2 June, 2020

Debunked: No, some Penneys stores are not reopening on a trial basis this week

It appears as though misinformation about Penneys reopening is being deliberately shared in a bid to dupe people.

Business - Thursday 28 May, 2020

ESRI warns against austerity measures in short-term as economy heals from the pandemic

The think-tank has sketched the likely impact of the virus across a range of Irish economic indicators.

Business - Wednesday 27 May, 2020

Aer Lingus cabin crew in Shannon to be temporarily laid off

Staff at Dublin and Cork airports face further pay and roster cuts.

Business - Tuesday 26 May, 2020

SIPTU calls on cleaning companies to honour 'agreed' 40 cent per hour pay increase

A new Employment Regulation Order for contract cleaners was delayed by the Covid-19 outbreak.

Business - Sunday 24 May, 2020

Explainer: Everything you've always wanted to know about bonds but were afraid to ask

The National Treasury Management Agency auctioned €1.5 billion of Irish government bonds last week.

Business - Saturday 23 May, 2020

Covid-19 pandemic hasn't spoiled the plot for independent bookshops

Some shops are well equipped to weather the crisis while others have had to get creative.

Business - Thursday 21 May, 2020

Two more Dublin pubs take FBD Insurance to the High Court

Insurance companies have been criticised by publicans’ groups for refusing to honour business interruption policies.

Business - Wednesday 20 May, 2020

Johnson and Johnson to stop selling talc baby powder in US and Canada — but not in Ireland

Talc powder sales have fallen dramatically due to misinformation, the company said.

Business - Tuesday 19 May, 2020

Explainer: Why is Germany suddenly backing the EU recovery fund?

Experts say the scale of the crisis and a German constitutional court ruling might have something to do with it.

Business - Monday 18 May, 2020

Ryanair expects passenger numbers to fall by nearly 50% this year

The low-cost airline is preparing to lose €200 million in the first quarter as a result of Covid-19.

Business - Sunday 17 May, 2020

Inventor James Dyson tops 2020 Sunday Times Rich List - but it's not all good news for the super-rich

The list has shown the respected annual ranking of the UK’s 1,000 wealthiest people since 1989.

Business - Friday 15 May, 2020

Row over 'level playing field' is the major stumbling block to EU-UK trade talks

Fisheries is the other major stumbling block to agreeing an EU-UK trade deal.

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