Employers’ group Ibec has called for Ireland’s international travel restrictions to be ended and for testing and tracing to be used in place of “ineffective” quarantine measures. People entering Ireland from abroad currently have to quarantine themselves for 14 days upon arrival into the country. Ibec CEO Danny McCoy said there were benefits from quarantine…
Tag Archives: COVID19
An air cargo boom driven by demand for protective gear against the coronavirus has peaked. Rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers. Declining prices may deal a blow to carriers that are scrambling to move cargo to offset…
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,…
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…
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….
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…
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…
Sterling steadied near two-week lows against the dollar and euro as fears of a second wave of coronavirus hit risk sentiment and global markets. Investors were also nervous ahead of a key meeting on Brexit negotiations. A fresh coronavirus outbreak in China and rising infection numbers in the United States – even as major economies…
Companies that reopened under the first phase of the lifting of Covid-19 restrictions are experiencing less than half their usual level of business activity for this time of the year, a new survey has found. The survey of businesses across the country also found that a quarter of respondents expect to have earnings that will be…
The OECD has said that the Irish economy is set to contract strongly in the first half of this year due to the Covid-19 lockdown as it urged the Government to be prepared to extend existing support measures if required. In its latest economic outlook, the Organisation for Economic Cooperation and Development said that GDP…