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24.05.2023 / 08:57

EU court backs Ryanair challenge against EU-approved Italian aid for Covid-hit airlines

Europe's second-top court has today backed Ryanair's challenge against an Italian state aid, approved by the European Union, for airlines hit by the Covid-19 pandemic, siding again with the Irish airline on this issue.

Italy Ireland Eu Luxembourg business RyanAir Coronavirus

Golf club barman replaced by students awarded over €10k

Sutton Golf Club in north Dublin has been ordered to pay its former barman over €10,000 after replacing him with two students during the Covid-19 pandemic.

city Dublin business regional Coronavirus

Disadvantaged areas hit harder by unemployment during pandemic - ESRI

A new report from the Economic and Social Research Institute (ESRI) has found that people living in disadvantaged areas experienced greater disruption to their employment during the Covid-19 pandemic.

Ireland Eu covid-19 business Coronavirus

Disadvantaged areas hit harder by unemployment during pandemic - ESRI

Ireland Eu covid-19 business Coronavirus

The 'Great Unretirement': Older people return to work

As fears of Covid-19 subside and worries around the rising cost-of-living take over, many older people are returning to the workforce, a movement known as the 'Great Unretirement'.

Ireland city Dublin business Work Coronavirus inflation

2023 travel trends: Cruises, safaris and budget trips

From cruising around the Mediterranean, to backpacking across South America, international travel is set to return full force this year.

Spain Ireland city Dublin business Travel Coronavirus Tourism

Central Bank urges 'targeted measures' as Covid supports wind down

Policy measures aimed at assisting troubled but viable businesses as pandemic supports wind down and debts fall due need to be targeted, scalable and equitable, new research from the Central Bank suggests.

Ireland business Coronavirus

Canadian firms trying to lure staff back to offices with amenities: ‘They will be wowed’

When Lightspeed Commerce Inc. staff headed back to their Montreal office this year after a pandemic hiatus, they found a space double the size of their last with a restaurant serving free meals, a smoothie bar and a barista to craft custom drinks.

Canada business economy

8% overpayment of job seekers allowance 'high' - C&AG report

The Comptroller & Auditor General has described a figure of 8% in overpayments of job seekers allowances as "high".

business Coronavirus

State spent almost €30bn on Covid-19 response

The total cost of the Covid-19 pandemic incurred by the State is estimated to be almost €30bn.

Ireland business

Covid-19 higher rate illness benefit ends

A higher rate of illness benefit for people who miss work due to Covid-19 comes to an end today.

Ireland business

Energy, inflation crises risk pushing big economies into recession - OECD

Global economic growth is slowing more than was forecast a few months ago after Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said today.

Germany France Russia Ukraine business World

Half of Canadian restaurants operating at a loss or ‘just breaking even’

Restaurants are facing a bumpy road to recovery after years of pandemic-related challenges. They’re now dealing with rising expenses, low customer counts, high debt and low profitability, according to Restaurants Canada.

Mark Von-Schellwitz Canada business Restaurants

Moderna sues Pfizer and BioNTech over vaccine patent

Moderna is suing rival vaccine makers Pfizer and BioNTech, alleging the partners infringed on its patents in developing their shot for Covid-19.

Stéphane Bancel Usa Germany state Massachusets business World

Q&A: Travel disruption - what are my rights?

From flight cancellations due to airport staff shortages, to airline strikes and Covid outbreaks, there is a lot to consider when travelling abroad this summer.

Ireland Eu county Centre business

Euro nears parity with dollar on growth fears

Global equities faltered, oil fell and the euro inched closer to parity with the safe haven dollar today as the prospect of further tightening by central banks, renewed Covid outbreaks in China and Europe's energy shortages spooked investors.

China Usa Hong Kong city Shanghai business Coronavirus

Macau shuts casinos, mass testing in Shanghai amid fresh Covid curbs

Macau has shut all its casinos for the first time in more than two years, sending shares in gaming firms tumbling as authorities struggle to contain the worst coronavirus outbreak yet in the world's biggest gambling hub.

China Macau city Shanghai business World

Suncor says president and CEO Mark Little has stepped down

Suncor Energy Inc. chief executive Mark Little has stepped down as president and chief executive officer and resigned from its board of directors just one day after the company announced its oilsands operations have suffered another workplace fatality.

business Money Energy

New low cost Covid-19 loan scheme for businesses

The Government has launched a further low cost Covid-19 loan scheme for businesses.

Leo Varadkar Ireland business

Shanghai Disneyland re-opens after three-month closure

More than 1,000 visitors streamed in as the Shanghai Disney Resort theme park opened after a closure of three months, with face masks and social distancing the order of the day.

China Macau city Las Vegas city Shanghai business World

Asking prices for homes up almost 11%, growth rate slows - MyHome.ie

Cost-of-living concerns and rising interest rates will slow the demand for houses in the second half of the year, according to the latest house price report from MyHome.ie.

city Dublin business House prices

Government to extend Covid-19 illness benefit

The Government has announced the extension of a Covid-19 illness benefit from the end of June until the end of September 2022.

Heather Humphreys business Coronavirus

EasyJet cuts more flights to try to manage disruption

Low-cost airline EasyJet said today it was cutting thousands more flights this summer after London Gatwick and Amsterdam airports reduced capacity and it battled staff shortages on the ground and in the air.

Johan Lundgren Britain city Paris city Amsterdam county Geneva business World

WTO strikes global trade deals deep into overtime

The World Trade Organization's 164 members approved a series of trade agreements early today that included commitments on fish and pledges on health and food security after more than five gruelling days of talks.

Ngozi Okonjo-Iweala India Ukraine business Coronavirus

Ryanair CEO says summer fares will be up 7-9% on 2019 levels

Ryanair Group chief executive Michael O'Leary said bookings for Europe's biggest budget airline have continued to strengthen and he expects summer fares to be between 7% and 9% higher than pre-pandemic levels.

Michael Oleary France business RyanAir

US aims to ramp up tourism hit hard by Covid

The US is to unveil a new strategy aimed at boosting international tourism hit hard by Covid-19 and government travel restrictions by streamlining the entry process and promoting more diverse destinations.

Gina Raimondo Usa business World

GDP growth of 10.8% in first quarter - CSO

The economy grew by 10.8% in GDP terms in the first three months of this year but shrank by 1% when measured by Modified Domestic Demand, which more closely tracks the domestic economy, new Central Statistics Office figures show today.

Ireland Eu business Central Statistics Office

Most healthcare workers haven't received pandemic bonus

Just one in eight health service workers eligible for the €1,000 Covid-19 pandemic bonus have been paid the money, almost five months after it was announced by Government.

county Early business Coronavirus

EWSS ends for all businesses today

The Employment Wage Subsidy Scheme (EWSS) ends today for all businesses.

Ireland business

China prepares to ease Covid restrictions as life returns to normal

China's financial hub Shanghai has unveiled more post-lockdown plans as it moves towards a return to normality, but a nationwide economic recovery is still a distance away.

China city Beijing city Shanghai city Other business

Ukraine top of the agenda in Davos as business leaders gather

Russia would normally have its own "house" at the World Economic Forum as a showcase for business leaders and investors.

Ursula Von Olaf Scholz Jens Stoltenberg Volodymyr Zelensky Germany Russia Ukraine business World

Irish billionaires' wealth rose €16bn during the pandemic

The wealth of Ireland's nine billionaires has increased by €15.55 billion since the start of the Covid-19 pandemic, according to a new report by Oxfam.

Switzerland Ireland business

Ryanair cautious about 'fragile' recovery after smaller annual loss

Ryanair has today posted a €355m loss for the pandemic-hit 12 months to the end of March.

Michael Oleary Russia Ukraine business RyanAir

Airline body IATA now sees industry recovery in 2023

The head of the world's biggest airline trade body has said that the recovery in passenger traffic was accelerating and that on average, the industry could now return to pre-pandemic figures in 2023.

Willie Walsh China Eu Ukraine city Riyadh region Asia-Pacific business

Live Register figures fall by 3,900 in April - CSO

New figures from the Central Statistics Office show that the seasonally adjusted Live Register total for April stood at 177,100, down 3,900 from March.

Ireland business

Air fares will rise due to higher oil prices - Aer Lingus CEO

The chief executive of Aer Lingus has said it is inevitable that fares at the airline will rise as a result of rising oil prices.

Aer Lingus Lynne Embleton Usa Ireland city Dublin business

Public finances show deficit of €1.1bn at end of April

There was a deficit in the public finances of €1.1 billion at the end of April.

Paschal Donohoe business Coronavirus

84% of businesses survived Covid pandemic - CSO

Around 6% of businesses that were operating in 2019, before the Covid-19 pandemic began, appeared to have closed by the end of last year, new data from the Central Statistics Office has found.

business Coronavirus

Fossil fuel subsidies fall in 2020 due to Covid curbs - CSO

Fossil fuel subsidies amounted to €2.2 billion in 2020, according to figures published today by the Central Statistics Office.

business Coronavirus

Ben Dunne shuts down six gyms due to Covid-19 impact

Businessman Ben Dunne has permanently shut down half of the gyms in his gym group due to the business impact of Covid-19.

city Dublin business dublin

High debt could slow countries' recoveries: IMF

Debt accumulated by businesses and individuals worldwide could slow economic recoveries from the pandemic crisis, the International Monetary Fund has warned.

Washington business World

Q&A: Do I need travel insurance for my holiday?

With people starting to travel abroad again in great numbers and Covid-19 still very much present, the question of travel insurance is once again top of mind for many.

Ireland business Travel insurance

Live Register figures move 10% higher in March - CSO

The Live Register stood at 178,996 in March, an increase of 15,748 people, or close to 10% compared to February, the latest Central Statistics Office figures show.

business pup

Call for Govt to ease Covid isolation rules to allow staff return to work sooner

There have been fresh calls for the Government to ease Covid isolation rules to allow staff to return to work sooner.

Ireland business

Auf Wiedersehen PUP: Pandemic Unemployment Payment ends

Supporters say it was a remarkable social policy achievement during extraordinary times.

Ireland business

Auf Wiedersehen PUP: Pandemic Unemployment Payment ends

Supporters say it was a remarkable social policy achievement during extraordinary times.

Ireland business

Irish firms may be adapting faster to pandemic recovery - EY

Irish businesses are emerging stronger from the Covid-19 pandemic than their global counterparts, according to new research by EY Ireland.

Ireland business

Digital divide accelerated by Covid pandemic

Ireland's older and poorer populations risk being left behind unless action is taken to address the nation's digital divide, according to a new report.

Ireland business

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0