Economy

LONDON: Disagreement among experts over the government's proposal to provide £500 financial assistance to all those affected by COVID-19 in England. Some sources also raise suspicions that giving money to all those who are COVID positive…

DUBLIN: Setback for banks' move to set up a joint payment application to replace the Revolut and N26 instant payment systems. The CCPC rejected the Pegasus Project, a joint online venture jointly developed by AIB, Bank of Ireland,…

DUBLIN: Department of Social Welfare with new benefits in Ireland in the wake of the COVID-19 crisis. The department announced eight additional social welfare benefits. Those who do not receive social welfare payments will also get this…

Big jump in US stock market with Joe Biden taking over as new president. The stock market closed at a record high on Wednesday. The stock market gained on the back of a surge in tech companies. Leading video streaming company Netflix…

DUBLIN: Ireland's national debt is reported to be soaring. According to figures released by the Central Statistics Office (CSO), the national debt as of September 2020 was €227.5 billion. This is about 62 per cent of GDP. The CSO also…

DUBLIN: Experts rule out the possibility of food shortages in Ireland in the name of Brexit. Declan Hughes, an Assistant Secretary in the Indigenous Enterprise Unit in the Department of Enterprise, Trade and Employment, said the challenges…

DUBLIN: According to price-comparison website Numbeo, Ireland is the 13th most expensive country in the world to live. The ranking is based on the average price of goods and services in 139 countries. In this list of 2021, Ireland is…

DUBLIN: Freight from the UK to Ireland has slowed due to post-Brexit checks and COVID-19 restrictions. Statistics also show that there has been a sharp decline in the number of trucks arriving in Ireland. Concerns have been raised that…

DUBLIN: The Government is trying to include Irish banks in its shared equity housing scheme. The involvement of banks in the government scheme has been confirmed by the Banking Payments Federation of Ireland. Banks in Ireland are…

DUBLIN: Tánaiste Leo Varadkar has announced that tax incentives will be provided in the next budget as part of encouraging work from home. The work-from-home system was launched across the country to reduce public contact in the wake of…