Business News

Applications have opened for the Government’s Restart Grant Plus Scheme after the maximum grant available was raised to €25,000. Businesses that have suffered a 25% loss of expected turnover between April 1 and June 30 can apply for the funding if they have less than 250 employees and turnover of less than €25m. Eligible companies […]

Britain’s economy shrank by a record 20.4 per cent between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, according to official figures published on Wednesday. The data also showed the world’s sixth-biggest economy entered a recession as it shrank for a second quarter in […]

Dublin’s Digital Hub, which is home to more than 70 companies, has warned it may need to seek emergency funding from the State as Covid-19 impacts its finances. According to briefing notes recently prepared for Minister for Communications, Eamon Ryan, the Digital Hub Development Agency alerted his department in April of the effect of the […]

In these turbulent times, many firms are viewing the period of disruption as an opportunity to reassess and improve how they care for and develop employees – and ultimately build better organisations. Irish talent tech firms are supporting HR and organisational development departments at global firms as they examine how a push for employee development, […]

The unemployment rate fell to 16.7pc last month as thousands of employees returned to work. New official figures show that the rate fell by over 6pc in July from 23.1pc in June. However, unemployment is still over 10pc higher than it was before the crisis when the economy was close to full employment. Article Source: […]

More than one fifth of Irish pension savers have reduced contributions to their scheme during the Covid-19 outbreak. Irish pension savers are three times more likely than those in the UK to have stopped or reduced pension contributions during the period, according to a survey by State Street Global Advisors (SSGA). Globally, most people surveyed […]

Minister for Enterprise, Trade and Employment, Leo Varadkar, has said there is “particular concern” for survival rates among small and medium businesses (SMEs) as winter approaches. Speaking at the launch of the Government’s Covid-19 Restart Plus grant for small businesses, Mr Varadkar said: “Then we would have a concern in spring, when the wage subsidy […]

Tánaiste Leo Varadkar will launch the Government’s plans for a beefed-up Covid-19 Restart Grant for small businesses today – a support that has been inaccessible since last month’s stimulus plan announcement. In his prepared remarks on the expanded Restart Grant Plus, Mr Varadkar says applications are now open. His spokesperson said this means all 31 […]

Bank of Ireland will reimburse customers hit by a cyber fraud that dropped fake texts into genuine interactions between the bank and account holders. The bank said it is launching a fraud awareness campaign highlighting tactics deployed by criminals to trick customers into providing their banking details. It will also reimburse customers identified as being […]