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 […]
Author: splash
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 […]
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 […]
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 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 […]
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 […]
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 […]
The country’s gross domestic product grew by 5.5% in 2019, likely making it the European Union’s fastest-growing economy again, new figures from the Central Statistics Office show today. The pace of growth was lower that the 6.3% predicted by the Finance Department as the country braces for the impact of the coronavirus outbreak. GDP, which […]
European shares slumped across the board this morning as a lockdown in northern Italy due to the coronavirus outbreak and a 30% plunge in oil prices amplified fears of a global recession. London’s commodity-heavy FTSE 100 was down 8.6%,with shares of oil majors BP and Royal Dutch Shell down more than 20%. The top decliner […]
The European Union is hopeful of reaching a “mini” trade accord with the US in the coming weeks. But there are still difficult issues to overcome including barriers for farm products, EU Trade Commissioner Phil Hogan said today. Mr Hogan made his comments at a European Parliament Ireland event in Dublin about EU trade amid […]
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