Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite eking out a 2% today, as investors eyed evaporating demand from the coronavirus pandemic and a production ramp-up by top producers. Brent crude was up 70 cents, or 2.1%, at $33.92 in early trade after falling more than 7% on […]
Author: splash
The EU will today assess the travel ban on Europe imposed by US President Donald Trump, European Council President Charles Michel said, adding: “Economic disruption must be avoided.” Michel coordinates action by the leaders of the EU’s 27 member states. His tweet follows an overnight decision by Trump to suspend travel from Europe – but […]
The Irish Tourism Industry Confederation (ITIC) has said a VAT deferral scheme is vital to alleviate serious cashflow pressures in the tourism and hospitality sectors. The representative body said immediate action is critical because thousands of jobs are at stake due to the volume of cancellations and lack of future bookings. “Coronavirus is first and foremost […]
Europe’s banks have called on European Union authorities to ease capital rules and other regulatory barriers to helping businesses struggling because of the coronavirus epidemic. The European Banking Federation (EBF) comprises national banking industry bodies from across Europe. It has set out a three-stage plan in a letter to the European Union, European Central Bank and […]
Revenue has said it will engage with any viable business that experiences temporary cashflow difficulties as a result of exceptional circumstances such as the Covid-19 outbreak. Collector-General Joe Howley said that Revenue is aware that when temporary cashflow issues arise for a business, it can be a worrying time in terms of the ability to […]
The Restaurants Association of Ireland has urged the Government to immediately implement emergency business supports to prevent closures and job losses as the spread of coronavirus hits the industry. The association said that its members are experiencing 80% corporate booking cancellations due to Covid-19. It said the cancellation of the St Patrick’s Day parade in […]
Wall Street stocks bounced in opening trade today, recovering some of the losses from yesterday’s rout, in anticipation of stimulus measures to address the economic hit from coronavirus. About 15 minutes into trading, the Dow Jones had gained 2.7% after losing more than 2,000 points yesterday in its worst session since 2008. Meanwhile, the broad-based S&P 500 […]
Analysis by the Organisation for Economic Co-operation and Development shows that life satisfaction rose in Ireland by 5% or more between 2013 and 2018. The How’s Life report, which looks at all aspects of well-being from health and social connections to income and security, shows that since 2013 life satisfaction has either remained stable or […]
Europe’s main stocks indices opened higher this morning, a day after markets suffered their biggest losses in more than a decade on crashing oil prices and coronavirus fears. Shares in London and Paris had gained 1.5% in early trade, while the Frankfurt market was up 0.8%. Shares in Dublin also rallied with the ISEQ index […]
The Government is to introduce emergency legislation in the Dáil to amend the rules on sick pay, which will see Illness Benefit rise from €203 per week to €305. It will be available from the first day of illness rather than after six days as at present, and conditionality will be waived to allow the […]
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Mobile: +353 (0)86 2550866
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Web: www.michaelfdolan.ie
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