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Planning system delaying efforts to meet housing demand

Thu, 01/21/2021 - 09:34
Problems with the country's planning system are causing significant delays in the delivery of new homes, a new report from the Irish Homebuilders Association (IHBA) shows.

Covid supports delaying firms requiring examinership

Thu, 01/21/2021 - 09:05
The examinership process saved almost 600 jobs in Ireland in 2020, new figures show today.

Chambers Ireland calls for expansion of Covid payments

Thu, 01/21/2021 - 08:47
Chambers Ireland is urging the Government to substantially rethink and refresh the range of Covid-19 supports available to businesses over the coming months.

Ladbrokes owner Entain names its new CEO

Thu, 01/21/2021 - 08:29
Ladbrokes owner Entain has named non-executive director Jette Nygaard-Andersen as its chief executive officer, making her the first woman to lead a company in the UK gambling industry.

Bank of Japan lifts next year's growth forecast

Thu, 01/21/2021 - 08:17
The Bank of Japan kept monetary policy steady today and upgraded its economic forecast for next fiscal year, but it warned of escalating risks to the outlook as new coronavirus emergency measures threatened to derail a fragile recovery.

Norwegian Air to get financial backing from government

Thu, 01/21/2021 - 07:57
Norway is willing to take part in the refinancing of Norwegian Air, Industry Minister Iselin Nyboe said in a statement today, without indicating how much the government would contribute.

Davy upgrades economic growth forecasts for 2021

Thu, 01/21/2021 - 07:48
Davy has upgraded its growth forecast for the economy for this year on the back of buoyant exports and multinational sector output, especially from the pharmaceutical and information and communications technology sectors.

Retail sector could stay closed until end of February

Thu, 01/21/2021 - 07:48
Taoiseach Micheál Martin has not explicitly ruled out the idea of restaurants being shut until May or even longer, and said that while schools will be looked at separately, the retail sector is likely to remain shut until the end of February.

Europe Inc earnings between recession and recovery

Thu, 01/21/2021 - 07:19
Europe Inc's fourth quarter reporting season will test investor confidence in profit recovery as a new round of social restrictions is expected to have driven earnings down more than 25% while further blurring the outlook.

Julius Baer punished for money laundering failures

Thu, 01/21/2021 - 07:08
Switzerland's financial industry watchdog FINMA has launched enforcement proceedings against a senior manager at Julius Baer and reprimanded two others over the private bank's failure to prevent money laundering.

Job vacancies remain 23% below pre-Covid levels

Thu, 01/21/2021 - 07:00
Job postings for the final quarter of last year were 23% lower than the same time in 2019, according to figures published by e-recruitment platform IrishJobs.

Delivery costs for N. Ireland-Britain trade set to rise

Wed, 01/20/2021 - 18:25
The cost of transporting goods to Britain from Northern Ireland is set to rise as a result of the new post-Brexit regulatory border between the two parts of the United Kingdom, haulage firms said today, with one planning to hike prices by 12%.

S&P 500, Nasdaq scale record highs

Wed, 01/20/2021 - 18:10
The S&P 500 and the Nasdaq hit all-time highs on Wednesday as Joe Biden became the 46th U.S. president, while solid results from Netflix sparked a rally in shares of stay-at-home winners.

Cannabis factory found close to Bank of England

Wed, 01/20/2021 - 14:34
The City of London's first ever cannabis factory has been discovered close to the Bank of England as criminals take advantage of the Square Mile's quiet streets, police have said.

RTÉ publishes list of top on-air earners for 2017-2019

Wed, 01/20/2021 - 14:27
RTÉ has published the earnings of its top ten earners for 2017, 2018 and 2019, and noted that it has cut the pay of its highest earning presenters by 15% in 2020.

EU says Alitalia brand must go in airline's revamp

Wed, 01/20/2021 - 13:55
Italy would have to drop the 75-year-old Alitalia brand if it wants the European Commission to approve plans to relaunch the airline, according to a letter published by L'Espresso magazine.

Shannon Group CEO calls for speedy rollout of vaccines

Wed, 01/20/2021 - 13:19
The catastrophic impact of the pandemic on global aviation is reflected in passenger numbers at Shannon Airport which recorded a decrease of 1.37 million people in 2020, a 79% decrease on the previous year.

Ministers discuss differing travel strategies on island

Wed, 01/20/2021 - 12:48
Policy differences between north and south on travellers arriving at ports and airports are due to be discussed by Minister for Health Stephen Donnelly and his Northern Ireland counterpart Robin Swann this afternoon.

Morgan Stanley profit surges on trading strength

Wed, 01/20/2021 - 12:40
Morgan Stanley has today posted a 57% rise in fourth-quarter profit, as the Wall Street bank's trading business benefited from coronavirus-induced volatility in financial markets.

National Enterprise Award finalists announced

Wed, 01/20/2021 - 11:36
The finalists for the National Enterprise Awards have been announced and the companies represent a diverse range of businesses that are supported by Local Enterprise Offices across the country.