Sterling slipped against the euro today on lingering concerns over Brexit, after British and European Union negotiators said on Friday they had made no real progress in their latest talks on relations after December 31. Against the euro, the pound was down 0.2% at 90.28 pence. Sterling was slightly up against the US dollar, having…
Category Archives: News
German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to €10bn, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second quarter and the government…
The international financial services and insurance sectors are set to be among the industries least impacted by Covid-19, according to a report from the Department of Business, Enterprise and Innovation. The assessment does not include the domestic banks, which have all posted interim losses this year due to the global pandemic. Nonetheless, the sector is…
UP TO 36,000 homes will be needed each year to meet demand and there have been calls to introduce a stimulus package for first-time buyers, according to a new survey. The report found this number of homes will be vital to meet demand across the next two decades. But clear suggestions were made for schemes…
German coalition parties have agreed to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to €10 billion. The measures include prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second quarter. The…
The head of the Irish Strategic Investment (ISIF) Eugene O’Callaghan plans to step down from his role at the end of 2020. ISIF falls under the management of the National Treasury Management Agency (NTMA), which will begin a recruitment process next month to appoint a new ISIF director. ISIF was created in December 2014 from…
There are many funding programmes for entrepreneurs opening throughout the year, and as the country re-opens there are more grants being offered to help support SMEs during the Covid period. Below are a selection of some the current funds and supports open for applications. Acorns: The accelerator focused on supporting early-stage female entrepreneurs living in rural…
Up to €20,000 in emergency funding will be made available for small businesses affected by flooding caused by Storm Ellen in Cork this week. The funding will also be available to help community and sporting groups get back on their feet, as part of an extension to the Humanitarian Support Scheme. “It’s been a really…
About one in ten property sales was renegotiated due to Covid-19 with an average price reduction of 3%, a survey of over 260 estate agents carried out by the Society of Chartered Surveyors of Ireland shows. About two thirds of practitioners said property values had remained unchanged compared to the situation before the pandemic and the…
Enterprise technology giant Oracle’s main Irish arm bounced back from a near €500 million loss last year as it acquired $11.4 billion in intellectual property rights from another group company by way of a promissory note. Oracle EMEA Limited, which employs more than 1,400 people in Ireland, recorded a €504 million pretax profits for the year ending…