Business News

Half of people on Pandemic Unemployment Payment to get €50 increase

21st October 2020

HALF of those claiming the pandemic unemployment payment will get a €50 increase in their payment bringing it to €350 a week. A total of 122,000 people will benefit from the hike in payment from next week. The top rate at the moment is €300 a week so the increase will mean they get an extra […]

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RTÉ to reinstate frozen incremental wage increases

21st October 2020

RTÉ is to make immediate arrangements to reinstate previously frozen incremental wage increases to affected staff, after accepting a recommendation of its internal Industrial Relations Tribunal. Earlier today, the IRT ruled that the broadcaster had been wrong to impose a unilateral freeze on increments, which unions argued was unfair as it had a disproportionate impact […]

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EU Council chief says UK has choice to make on Brexit

21st October 2020

Britain has sovereign choices to make on Brexit and they will determine its future access to the EU’s internal market, European Council President Charles Michel has said. He suggested it was now up to the British government to break an impasse on negotiations. “The UK now has an important choice to make on its own future,” […]

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EU pledges to intensify talks on Brexit and legal texts

20th October 2020

Senior European Union officials have said the EU is ready to intensify talks towards a deal on future trade ties with the UK after a meeting to discuss the existing Brexit agreement. European Commission Vice President Maros Sefcovic said that Britain had much work to do to honour commitments on the island of Ireland. He said […]

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Urgent need to focus on pension sustainability here – Mercer

20th October 2020

Ireland is ranked in 14th place out of 39 countries in the 2020 Mercer Global Pensions Index despite the country’s underlying sustainability issue.  The Netherlands topped the index again this year despite significant pension reform currently under way there, but Ireland came ahead of countries such as Belgium, the UK, France, Spain and Austria.  Mercer […]

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Retailers disappointed at decision to close all non-essential retail

20th October 2020

Retailers have reacted with deep disappointment to the Government’s decision to close all non-essential retail as part of the move to Level 5. Retail Ireland described it as a serious blow and said there is very real concern that many vulnerable retail businesses will not survive. Business reaction to last night’s move by the Government […]

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Tánaiste says Govt may review PUP cut plans in January

16th October 2020

The Tánaiste has indicated that the Government would review the plan to further reduce the Pandemic Unemployment Payment in January if the country is still in the teeth of the pandemic. Speaking during Leaders’ Questions in the Dáil, Leo Varadkar said the moving of Donegal, Monaghan and Cavan to Level 4 was a bitter blow to people there but […]

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Tánaiste says Govt may review PUP cut plans in January

16th October 2020

The Tánaiste has indicated that the Government would review the plan to further reduce the Pandemic Unemployment Payment in January if the country is still in the teeth of the pandemic. Speaking during Leaders’ Questions in the Dáil, Leo Varadkar said the moving of Donegal, Monaghan and Cavan to Level 4 was a bitter blow to people there but […]

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Sterling falls as EU leaders press for elusive Brexit trade deal

16th October 2020

Sterling weakened today as traders worried about the obstacles keeping the European Union and Britain from reaching a Brexit trade deal.  The pound has risen in recent sessions, propelled by a sense that Britain and the EU, whose leaders are meeting today, will secure a trade deal by December 2020, when Britain’s transition period after […]

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Sterling falls as EU leaders press for elusive Brexit trade deal

16th October 2020

Sterling weakened today as traders worried about the obstacles keeping the European Union and Britain from reaching a Brexit trade deal.  The pound has risen in recent sessions, propelled by a sense that Britain and the EU, whose leaders are meeting today, will secure a trade deal by December 2020, when Britain’s transition period after […]

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