Monthly Archives: August 2020

Regulator says insurers should pay legal bills for customers’ business interruption cases

Insurance companies should pay the legal costs of customers who challenge refusal to pay out on business interruption claims, the Central Bank say. In updated guidance, the regulator said that where cover and related issues are disputed, the Central Bank expects firms to pay the reasonable costs of customer plaintiffs in agreed test case litigation….

Opportunities offered for researchers and enterprises under Horizon 2020

Research and innovation is the bedrock of success for the most ambitious companies that scale internationally, diversify their export base and create jobs at home. A higher education sector and research ecosystem that is outward looking and internationally engaged, and collaborating with Irish companies, is of critical importance to Ireland’s place in the world and to…

Coronavirus plunges Europe’s leading economies into historic recessions

The coronavirus pandemic has plunged Europe’s leading economies into historic recessions, figures published on Friday showed. France and Spain both reported double-digit quarter-on-quarter falls in economic output in the three months to June. The figures came after both the US and Germany on Thursday reported a loss of about a tenth of their gross domestic…

Consumer-facing workers face most risk of long-term unemployment – study

Workers in consumer-facing industries such personal services, accommodation, and food and beverage are most at risk of slipping into long-term unemployment once State supports are removed, a study by the Economic and Social Research Institute (ESRI) has warned. The research paper, entitled Managing Mass Unemployment Flows During the Covid-19 Pandemic, aims to categorise claimants of…

Government U-turn on excluding business owners from wage subsidy

The Government has reversed a decision to exclude proprietary directors from the new Employment Wage Subsidy Scheme (EWSS) after small business owners warned the move would lead to the closure of companies. Minister for Finance Paschal Donohoe said late on Friday that he had asked Revenue to reinstate directors to the scheme and has also asked his…