News

‘The financial system is stronger than a decade ago, but its resilience is not limitless’ – Donnery

June 18, 2020By splashfinancial system, Syndicated

The Deputy Governor of the Central Bank has said while the financial system is stronger than a decade ago, its resilience is not limitless. Sharon Donnery made her comment as she addressed an online presentation hosted by the Institute of International and European Affairs. She said she recognised the resilience of Irish households, businesses and the […]

Just 12% of bosses predict all staff will be back in offices post Covid-19

June 18, 2020By splashcovid, Syndicated

A new survey has found that just 12% of business leaders believe all staff will be back in their companies’ office/workspace once the Covid-19 lockdown is lifted, while 40% predict an equal mix of staff working in the office and remotely. 31% of bosses are either planning to downsize their office space or having it under consideration, […]

Central Bank warns of unprecedented economic shock due to Covid-19

June 17, 2020By splashcentral bank, Syndicated

The Central Bank has warned that the scale of the economic shock due to Covid-19 is “unprecedented” and will create pressure on the financial position of both borrowers and banks. Central Bank Governor Gabriel Makhlouf said governments are facing “fantastic levels of uncertainty” over the future and warned that while the financial system is resilient, […]

European new car sales fall 56.8% in May – ACEA

June 17, 2020By splashSyndicated

European passenger car sales slumped in May but the drop was not as sharp as in the previous month because of an easing of restrictions imposed to contain the coronavirus pandemic, industry data showed today. In May, new car registrations dropped by 56.8% to 623,812 vehicles in the European Union, Britain and the European Free […]

78% of CFOs see more remote working and work flexibility in future plans

June 17, 2020By splashremote, Syndicated

A new survey shows that 76% of Ireland’s chief financial officers expect a decrease in their company’s revenues and profits this year as a result of Covid-19. 28% of CFOs expect this decrease to be 25% or more, the latest PwC CFO Pulse survey shows. PwC said that fewer global companies – 20% – expect this […]

Stimulus plan for economy to be published in July

June 16, 2020By splasheconomy, Syndicated

The draft Programme for Government includes details of a stimulus plan for the economy to be published in July. It also outlines the parameters of a National Economic Plan which will be published alongside Budget 2021. At that time, a “medium term roadmap” will be set out to plan a reduction in the budget […]

NTMA chief warns on longer term borrowing

June 16, 2020By splashNTMA, Syndicated

The head of the National Treasury Management Agency said he is not worried about the next four years from a borrowing perspective but that the state needs to prepare for the decade after that due to an increase in already high debt levels. “While addressing Covid-19 is today’s urgent priority, Ireland should prepare for dealing […]

Retail outlets in shopping centres reopen

June 16, 2020By splashretail, Syndicated

Retail outlets in shopping centres around the country are reopening for the first time since they were forced to close due to Covid-19 restrictions nearly three months ago. However, the shopping centres and shops must adhere to guidelines around social distancing and hygiene, while also taking steps to ensure customers do not congregate in malls. […]

Exports fall by 32% in April amid Covid-19 shutdowns – CSO

June 15, 2020By splashexports, Syndicated

Seasonally adjusted exports decreased by 32% to €11.613 billion in April from March, according to preliminary figures from the Central Statistics Office, as Covid-19 shutdowns hit the trade sector. This marked the biggest one month contraction on record. The CSO said that seasonally adjusted goods imports decreased by 11% to €5.834 billion. This resulted in […]

Number of people on Pandemic Unemployment Payment drops 15%

June 15, 2020By splashSyndicated, unemployment

The number of people receiving the Covid-19 Pandemic Unemployment Payment has fallen to 515,700 – down 15% on the peak of almost 600,000 during the economic shutdown. For the first time, more people are in jobs subsidised by the Temporary Wage Subsidy Scheme than are receiving the PUP. At the peak of the Covid-related unemployment […]

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