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The Government has agreed to reimpose Level 5 restrictions, with some modifications, due to the rising numbers of Covid-19 cases. Non-essential retail will be permitted to stay open, but shops will be asked not to hold sales. Photograph: Dara Mac Dónaill / The Irish Times

More Covid supports for businesses, and why economists hate Christmas presents

Economy
Ciara Kenny
December 23, 2020, 06:28

Business Today: the best news, analysis and comment from The Irish Times business desk

Each Christmas we divert scarce resources of energy, raw materials, skill and time to producing unwanted gifts that will end up as fodder for landfill. It’s no joke. Photograph: iStock

We can’t hug or have parties this Christmas, but we can still give bad presents

Economy
Tim Harford
December 23, 2020, 05:00

With many avenues of celebration closed, even the most useless gifts may get a pass

Taoiseach Micheál Martin: he said there would be three vaccines available here by the end of January – from Pfizer BioNTech, Moderna and AstraZeneca – and he expected the rollout to gather momentum from March. Photograph: Julien Behal Photography/PA Wire

Taoiseach says vaccine programme could be ‘substantially complete’ by autumn 2021

Economy
Ciarán Hancock
December 22, 2020, 22:02

Government is considering extending and expanding Covid-19 supports for businesses

US Senate Majority Leader Mitch McConnell, Republican of Kentucky, walks to his office from the Senate Floor at the US Capitol in Washington, DC. Photograph: Saul Loeb/AFP via Getty Images

US Congress approves $892bn Covid-19 relief package

Economy
December 22, 2020, 09:43

Both Republicans and Democrats claim victory as economy is thrown lifeline

November saw solid growth in mover purchase activity. Photograph: Peter Byrne/PA Wire

Mortgage approvals in November hit record level

Economy
Eoin Burke-Kennedy
December 22, 2020, 05:14

Second half of 2020 sees strong rebound in buyer activity, says banking group

Signage is displayed outside of a Citigroup branch in Los Angeles. Photographer: Patrick T Fallon/Bloomberg

Citigroup promotes 70 women in latest class of managing directors

Economy
December 21, 2020, 21:29

Promotions were announced in an internal memo to employees this month by chief executive Michael Corbat and Jane Fraser, who will take over the top job next year

Trucks parked on the side of the motorway near the Euro Tunnel terminal in Folkestone. Photograph: Chris Ratcliffe/Bloomberg

UK travel disruption an insight into ‘post-Brexit world’ – Bord Bia

Economy
Eoin Burke-Kennedy
December 21, 2020, 18:47

State food agency highlights fragilities of using UK as a landbridge

Kieran McQuinn: the ESRI’s recent forecasts were before the UK travel ban, which has created chaos at ports and huge backlogs of freight deliveries

ESRI warns of possible hit to Irish economy from UK travel ban

Economy
Eoin Burke-Kennedy
December 21, 2020, 17:10

Think tank says compromised freight deliveries could have ‘contractionary impact’

RTB published the quarterly Rent Index for July-September period on Monday.

Rents grew at slowest rate in almost eight years in last quarter

Economy
Colin Gleeson
December 21, 2020, 09:34

Average rents up by 1.4%, or €17 a month, according to Residential Tenancies Board

Trucks at Dover. The port – through which many Irish exporters and importers move goods – has said it is closed to trucking and passengers “until further notice”. Photograph: Gareth Fuller

Stranded Irish hauliers face dumping product over French travel ban

Economy
Cliff Taylor
December 20, 2020, 22:23

Up to 250 lorries stuck in England because of measures to halt new coronavirus strain

“Today’s energy revolution is green but will also lead to much cheaper electricity prices. In turn, that should boost productivity growth.”

Chris Johns: Pandemic poised to kick-start new revolution in innovation

Economy
Chris Johns
December 20, 2020, 12:38

Advent of abundant green energy promises to unleash new phase of global productivity

A UK government advertisement tells businesses what they already know: that ‘time is running out’ to prepare for Brexit. Photograph: Tolga Akmen/AFP

Spotify’s podcast deals, MacKenzie Scott’s billions and Hornby’s export woes

Economy
Laura Slattery
December 19, 2020, 04:45

Planet Business: Striving once more for a personal best

IFSC and Dublin Port from Ulster BankInternational Financial Services Centre at the river Liffey. Photograph: Bryan O’Brien/The Irish Times

Household savings at ‘an extraordinary level’

Economy
Colin Gleeson
December 18, 2020, 16:36

Report from the CSO shows savings ratio much higher than average

Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Michael McGrath. Photograph: Julien Behal Photography

Almost 60% of businesses availed of State Covid supports

Economy
Colin Gleeson
December 18, 2020, 13:10

New report from the Central Statistics Office shows extent of support needed in sectors

The EU has long yearned for an agreement to allow its companies wider entry to the Chinese market, and the two sides agreed last year that it should be concluded by the end of 2020.

EU and China revive hopes of investment deal this year

Economy
December 18, 2020, 12:28

Long-delayed accord on market access would represent a diplomatic coup for both powers

Minister for Finance Paschal Donohoe: ‘That combination of the Employment Wage Support Scheme and CRSS means that we have far greater targeting of supports to businesses that need them the most.’ Photograph: Gareth Chaney/Collins

Over 15,000 businesses seeking €110m in Covid supports, says Donohoe

Economy
Barry O'Halloran
December 17, 2020, 21:43

Minister says supports will be adjusted depending on how economy performs

The US added just 245,000 jobs in November, and the unemployment rate is 6.7 per cent. Photograph: AFP/Getty

US jobless claims surge by 885,000 in one week

Economy
December 17, 2020, 14:08

Fresh restrictions imposed to curb coronavirus continue to damage jobs market

Young people were particularly affected by the pandemic, with those aged under 25 experiencing a 22% decline in weekly earnings on average. Photograph: iStock

Covid hits earnings with average weekly income falling by 15%

Economy
Charlie Taylor
December 17, 2020, 12:15

State supports cushion blow for many households during pandemic

The pandemic has interrupted the consistent rise in prices of recent years, but hasn’t sent it into reverse. Photograph: iStock

Can house prices hold up after Covid-19?

Economy
Cliff Taylor
December 17, 2020, 11:16

Smart Money: Prices resilient so far, but next year could bring a different story

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