European stocks sank over 3% this morning as reports of a newly identified and possibly vaccine resistant coronavirus variant stoked fears of a fresh hit to global economy and drove investors out of riskier assets. Cyclical-heavy European stock markets have already been under stress this week as a resurgence in Covid-19 cases prompted new restrictions…
Tag Archives: COVID19
Ireland’s Skills Strategy is to be reviewed as part of a joint project between the state, stakeholders in the skills sector and the OECD. The review, led by the OECD, will focus on how Ireland is equipped to meet current and future skills needs as well as examining how businesses and employees can be supported…
Almost half of restaurant and takeaway owners have adopted new technologies since the start of the pandemic, according to new research by Irish food ordering software developer Flipdish. 44% of those businesses invested over €1,500 to do so. The most popular technology adaptations were website ordering and QR code table ordering technology. The research reveals…
Consumer confidence has dropped to a seven-month low as Covid cases continue to surge, according to the latest KBC Bank Ireland consumer sentiment index. The reading for November declined to 83.1, from 86.8 in October. That is the largest monthly fall since January and brings the sentiment index to its lowest level since April. As…
Senior Government ministers will meet later today to discuss the introduction of specific measures to support the hospitality sector. The Cabinet Sub Committee on Economic Recovery will also consider the ongoing Covid supports amid continued concern about the rise in Covid case numbers and increasing pressure on hospitals. The Government and its public health advisers…
Political leaders in Ireland and Britain are holding a meeting today at which they will discuss Covid-19 and UK-EU talks aimed at breaking the deadlock in the row over the Northern Ireland Protocol. The issues will be debated at a meeting of the British-Irish Council, which is being held in Wales. The council brings together…
Employees should work from home from today unless it is necessary to attend the workplace in person. The measures are among the latest Government restrictions being put in place to stem the spread of Covid-19. Just two months after a gradual return to the workplace began, the situation is going into reverse. Under the latest…
Enterprise Ireland has cautioned that 2020 will be very challenging for many Irish exporters due to the outbreak of Covid-19 and Brexit. The government agency responsible for the development and growth of Irish companies in global markets said that Irish companies trading internationally have been impacted in every market due to the global nature of…
The European Court of Justice has rejected a key EU tool used to transfer Europeans’ personal data across the Atlantic for commercial use. However, it upheld the validity of another tool used by hundreds of thousands of companies to transfer data worldwide. The court ruled that Privacy Shield, the EU-US data protection agreement, is invalid,…
Profits at Irish private sector firms are expected to come under pressure in the next 12 months, according to the latest AIB business activity report. The profit outlook among the firms surveyed by AIB is at its lowest since October 2010. It comes despite falling costs, particularly workforce related costs, as companies availed of the…