Bank of Ireland decided to reimburse deceived clients following complaints about its initial refusal on RTÉ  and to banking authorities. Photograph: Cyril Byrne

Permanent TSB and AIB customers also targeted by online and phone fraudsters

Seven in ten indicated working from home had been a positive or very positive experience.

Optimally, Irish workers say they would like a mix of working from home and being in offce

Open Orphan is also working on an antibody testing service that will have capacity for up to 3,000 tests per day. Photograph: Nicolas Asfouri/AFP

Dublin-listed pharmaceutical services company says contract is with top three pharma group

Strategic acquisition boosts margins at Irish engineering group

Some Ministers have questioned the messaging coming from the Department of the Taoiseach. Photograph: Paul Faith/AFP via Getty

Some Ministers privately voice concern at endangered pubs and handling of pandemic

With consumer activity severely restricted in April and May, VAT receipts were 22.7%  or €2.2bn  down on the same period last year. Photograph: Tom Honan

Government’s budget deficit soars as VAT receipts crash and spending rises

The global spike in Covid-19 cases in March caused a major run on stocks, which had a knock-on effect on the value of insurance and pension schemes. Photograph: AFP via Getty

Central Bank figures show coronavirus-triggered crash reduced value of assets

Unemployment figures remain a “stark reminder” of how reliant the economy is on the public health situation. Photograph: Jason Alden/Bloomberg

Latest figures suggest as many as 386,900 are still unemployed

Toners Pub in Dublin serves food and has reopened. ‘Wet pubs’ must stay closed, the Government said on Tuesday. Photograph: Tom Honan/The Irish Times

Keeping pubs closed beyond September may prove final straw for many businesses

The Revenue figures show that 56 per cent of help-to-buy recipients used the rebate to buy homes worth in excess of €300,000. Photograph: Chris Ratcliffe/Bloomberg

Figures from Revenue show most rebates used to buy homes in excess of €300,000

By the end of July, Knock Airport passenger numbers will have declined by 350,000 compared with the same period in 2019.

Authorities warn of ‘devastating’ impact of coronavirus

New York-based Neuberger Berman is one of the  56 financial firms that either entered the Irish market or expanded their presence here in the first half of 2020.

Despite Covid cloud, financial services sector continues to enjoy Brexit-related growth

HSBC slid 2.9%  to its lowest since 2009 as the coronavirus crisis marked mounting bad debt charges and missed profit expectations. Photograph: Getty

Banks turn tide on more positive outlook despite setbacks for HSBC and SocGen

San Leon Energy, the Africa-focused oil and gas explorer, has acquired a 10 per cent stake in oil infrastructure in Nigeria.

Africa-focused oil and gas explorer announces strategic investment in new system

The ESRI study aims to categorise claimaints of the Pandemic Unemployment Payment (PUP) on the basis of their expected risk of future long-term unemployment. Photograph: Frank Miller

ESRI categorises workers on basis of risk while warning of burden on State services

The Central Bank figures suggest deposits continued to grow in June. Photograph: Crispin Rodwell

Whether savings are spent or hoarded likely to have big impact on speed of recovery

Paschal Donohoe: The Apple ruling showed Ireland was right to appeal. Photograph: Dara Mac Dónaill

Minister says recent ruling showed Ireland took the right approach in appeal

An enterprise is deemed to be Irish-owned if over 50 per cent of its controlling interest is in the Republic. Photograph: iStock

CSO figures also show Irish-domiciled multinationals employ close to 1m people

Construction costs account for less than half the overall cost of building a three-bed semi-detached house in Dublin. Photograph: Nick Bradshaw / The Irish Times

Society of Chartered Surveyors Ireland report highlights rising cost of development

US stocks rose on Wednesday as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns about next steps for the government’s coronavirus relief plan. Photograph: AP Photo/Richard Drew

Investors await Fed, US fiscal stimulus update

Waterford-based Dawn Meats now employs more than 7,000 staff

Waterford-based processor shores up UK business ahead of Brexit

“Foreign travel is the ultimate disease vector. Without it, there would be no pandemic.” Photograph: Mariscal/EPA

Government criticised for mixed messaging amid heightened risk of second wave

Researchers found one in five renters faced ‘considerable affordability challenges’ during the lockdown period, down from one in three. Photograph: Frank Miller

Study suggests fall in income offset by lower spending on childcare, transport and leisure

Shares of Europe’s biggest holiday company, TUI, tumbled 11.4 per cent after it decided to cancel all holidays to mainland Spain until August 9th.  Photograph:  Jaime Reina/AFP via Getty Images

Markets report: European travel and leisure index sinks to two-month low

Mask wearing Mannequins in the window of Monaghans on Anne Street South in Dublin.Photograph: Alan Betson / The Irish Times

Industry body Retail Excellence report on hardest-hit sectors

Staff at Pfizer’s Loughberg plant in Co Cork. The manufacturing sector here is dominated by a small number of large pharma and medtech companies

CSO figures highlight our heavy reliance on small number of manufacturers

When asked what their ideal working arrangement would be when normal life resumes, 24% of employees   wanted to work for two to three days a week from home, with the rest in the office

AIB survey finds that 45% of people are cycling or walking more, while a quarter are growing their own fruit and vegetables

Latest figures show consumer prices fell by 0.4% in June compared with last year

Former Central Bank governor Patrick Honohan: ‘It would be a very big mistake to use the previous crisis as a model for how the public finances should be managed.’ File photograph: Dave Meehan

Expenditure needed to soften economic hit, says former Central Bank governor

Wall Street’s major indexes edged higher in choppy trading on Wednesday. Photograph: Mark Abramson/New York Times

HSBC hit by report Trump aides want to undermine USD/HKD peg

Minister for Housing Darragh O’Brien has pledged to provide an additional 50,000 social-housing units over the next five years. Photograph: David Sleator

Schemes do not make homes more affordable; they just bridge the affordability gap

After the 2008 financial crisis, children in Ireland suffered the worst outcomes on all poverty measures.  Photograph: Frank Miller

ESRI study predicts sharp rise in economic harm to young if Covid-19 job losses persist

The “modern” sector, which includes the State’s giant pharma and IT industries, recorded a fall in production of just 4.7% in May

CSO figures show output was down 11.6% in May in year-on-year terms

Last week it emerged AIB had issued a de facto ban on mortgages for anyone who has been in receipt of the wage subsidy scheme. Photograph: Getty Images

Auctioneers and valuers group believes there will be 17,000 fewer homes this year due to Covid

Making mortgage applications easier means more people will switch providers, which will ultimately drive down prices, Karl Deeter said. Photograph: iStock

Partnership seeking to cut down traditional paper chase to make applications easier

The newly-appointed Minister for Social Protection Heather Humphreys: the new Government has yet to make a decision on how to phase out the benefit.

First significant unwinding of scheme begins this week

Coronavirus and Brexit: Given the scale of uncertainty surrounding the economic outlook, the Central Bank unveils two scenarios for our economy. File photograph: The Irish Times

Central Bank’s report shuns forecasts in the face of what is now extreme uncertainty

Mark Cassidy, director of economics and statistics at the Central Bank of Ireland. Photograph: James Forde

That’s best case – a second coronavirus wave and bad Brexit and the outlook gets grimmer

Minister for Finance Paschal Donohoe (R) and Minister for Public Expenditure Michael McGrath are seen ahead of a press conference outside Government Buildings in Dublin on Thursday. Photograph: Julien Behal/PA Wire

Bank outlines worst-case economic scenario from pandemic in latest quarterly analysis

Shares in Aryzta are down more than 85% from when the company raised about €800m in an emergency share sale in late 2018. Photograph: Reuters

Activist investors up the ante ahead of August showdown with Swiss-Irish food group

Minister for Finance Paschal Donohoe. Corporation tax for the first half of the year generated €1.9bn more than expected. Photograph: EPA

Tax declines offset by an unexpected increase in corporation tax collected

Shares in Aryzta are down more than 85% from when the company raised about €800m in an emergency share sale in late 2018. Photograph: Reuters

Activist investors up the ante ahead of August showdown with Swiss-Irish food group

Danone’s Wexford facility employs 350 people and produces leading formula brands such as Aptamil and Cow & Gate for consumers in 41 countries.

French dairy giant says sustainability milestone has been achieved while doubling production

A feature of the current market dynamic is index buying, whereby investors or funds buy indices rather than individual stocks to better spread risk and/or capture market trends. Photograph: Kimimasa Mayama/EPA

Why are markets booming as economies head for biggest crash in decades?

The New York Stock Exchange. Photograph: Mark Abramson/The New York Times

Irish banks lifted by rising economic sentiment across euro zone

A woman  at a Dublin bus stop beside a sign which says  “Thank you to Ireland’s retail workers.” Photograph: Reuters/Clodagh Kilcoyne

Latest figures show strong pick-up in activity after partial lifting of restrictions

 Annual earnings rose in all 13 economic sectors surveyed by the CSO in 2019

Latest CSO figures for earnings show IT workers still the best paid

Business spending on transport, which includes money spent on taxis, motor freight carriers and local delivery services, fell by 74 per cent in April. Photograph: Alan Betson / The Irish Times

Data from London-based fintech Soldo show transport and travel budgets were slashed

Brian Hayes, chief executive of the Banking and Payments Federation: said demand within the housing market may be more resilient than expected. Photograph: Alan Betson

Figures from banking umbrella group show big slowdown in mortgage market

The International Monetary Fund (IMF) has warned of “a disconnect” between financial markets and the real economy, which could result in another major “correction” in asset prices. Photograph: AFP/Getty Images

Washington-based fund highlights disconnect between markets and real economy

Niall Cody, chairman, Revenue: “Businesses really need to make sure that they use the short time still available before the end of the year to be ready for [Brexit]. ” Photograph: Nick Bradshaw

Revenue’s annual report reveals concentrated nature of Irish business tax base

More than 400,000 jobs were created in the Irish economy between 2014 and the first part of 2020 before the Covid-19 crisis hit and reversed the trend

CSO figures detail golden period of job creation prior to pandemic

They’re back: Shoppers in the Dundrum Town Centre on its first day of reopening after the Covid-19 lockdown. Photograph: Colin Keegan, Collins Dublin

New NNP-based research calculates contribution of domestic and foreign sectors

Former C&C chief executive Stephen Glancey stepped down in February. Photograph: Bryan O’Brien

Former chief executive Stephen Glancey enjoyed a 67% bounce in his overall pay packet

 The European Commission’s €13bn Apple tax ruling is effectively the largest corporate tax fine in history. Photograph: John Thys/AFP via Getty

The 12.5% rate is economic faith at home but controversial to the rest of the world

Nine out of 10 businesses are engaged in some form of trading, CSO data suggests. Photograph: Tom Honan for The Irish Times.

But three-quarters have seen big drop in turnover, research indicates

Ibec said the proposed July stimulus package provided an opportunity to deliver emergency supports to the SME sector. Photograph: Nick Bradshaw

Employers’ group wants Government’s stimulus plan centred on supports for SMEs

European shares closed at a near one-week low on Monday. Photograph: Yuriko Nakao/Bloomberg

Financials slide on Iseq over bearish outlook while tech stocks push Wall Street higher

EU leaders do not sign recovery plan, aim for deal in July

The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.  Photograph:  Timothy  Clary/AFP via Getty Images

Stoxx 600 weighed down by Wirecard over missing $2.1bn in payments firm’s accounts

With the community acceptance measures, far more locations see some small energy investment while without them the State would have larger installations at fewer locations. Photograph: Dara Mac Dónaill

Study notes 2030 renewable energy target will be met largely by wind and solar power

Just 12 per cent of business leaders think their entire staff will revert to working from the office once the restrictions are lifted.

Few directors believe all staff will return to office once Covid-19 restrictions lifted

The CSO’s latest Property Price Register indicates property prices nationally grew at an annual rate of 0.5%  in April, with prices in Dublin falling   0.1% year-on-year

Latest figures indicate a 29% slide in the number of properties changing hands

 Lockdown lifts in central Dublin: 300,000 may be left jobless once the Government removes its income support schemes. Photograph: Paul Faith/AFP

Coronavirus warning letter from scientists fell on lockdown-weary public’s deaf ears

Nearly 40 per cent of customers are now taking packages of 100mbps, says Siro’s chief executive

Figures from Eir and Siro reveal big increase in availability of high-speed broadband

NTMA chief executive Conor O’Kelly. He said from a borrowing perspective he was not worried about the next four years .“It is the decade after that we need to keep an eye on and begin to plan for.” Photograph: Sara Freund

Debt management agency says it has already raised €18.5bn of its increased €20bn to €24bn borrowing target for this year

The European Union accounted for just over €4.2 billion or 36 per cent of total goods exports in April. Photograph: Stephen Collins/Collins Photos

Figures detail massive hit to traded sector from measures to contain virus

The IAA said 18,290 flights were handled by air traffic controllers here last month, barely a fifth of the figure recorded in the same month last year. Photograph: Niall Carson/PA Wire

Irish Aviation Authority says Ireland is among group of worst affected countries

Beef prices have been hit hard by the closure of the food service sector here and in other countries.  Photographer: Aidan Crawley/Bloomberg

Package will offer a per head payment for cattle slaughtered during a specific period

New consumer loan agreements in April were the lowest recorded since the series began back in 2003, the Central Bank said. Photograph: Hollie Adams/Getty Images

Central Bank figures also show steep decline in new mortgage lending

Shares in Aryzta are down more than 85 per cent from when the company raised about €800 million in an emergency share sale in late 2018.

Swiss-Irish good group criticised for holding off egm at which directors could be ousted

With department stores and other non-essential stores closed, the average cost of clothing and footwear fell by 5.4 per cent in May, according to CSO figures. Photograph: Nick Bradshaw

Consumer prices 0.5 per cent lower in May compared with same month last year

The Irish hospitality sector has been hard hit.

Top 1000: With the country suddenly mired in the worst recession in living memory, what do companies need to survive the pandemic?

Minister for European Affairs Helen McEntee warns of potential damage to Irish food trade from no-deal Brexit. Photograph: Dara Mac Dónaill/The Irish Times

Minister warns of serious impact for food producers, especially vulnerable beef sector

Pension pot plan is political short-termism in its purest form and from the very same parties that want to autoenrol workers into pension schemes. Photograph: Ben Birchall/PA Wire

Parties consider plan to allow buyers pull lump sum from pension funds to buy homes

Dublin: in terms of the euro area, the captal was found to be the most expensive place, primarily because of high rents, which are now on average more than €2,000 a month. Photograph: iStock

Cost of living survey places Irish capital 46th globally but top in the euro area

Danny McCoy, chief executive of Ibec. Photograph: Alan Betson

Ibec will tell Dáil committee phased easing of coronavirus restrictions is too conservative

Minister for Business Heather Humphreys. Photograph: Leon Farrell/Photocall Ireland/PA Wire

Trading Online Voucher provides funds to businesses to develop ecommerce capability

With most shops closed, it’s no surprise that VAT receipts fell precipitously last month. Photograph: PA

Analysis: How the pandemic is eating into the Government’s finances

Marty Whelan and two members of the public when the National Lottery made its props available for Culture Night. Photograph: Dave Meehan

Results for last year predate pandemic, which is expected to have hit sales

Ibec is advocating bringing forward the reopening of the country to the end of June

Employers’ group claims reopening plan puts State weeks behind rest of Europe

Minister for Health Simon Harris with kitchen staff Tracy Bailey and Sandra Wynne at the National Council for the Blind of Ireland’s Iona Resource Centre in Dublin on Wednesday. Photograph: Dara Mac Dónaill

Health officials to discuss reopening of playgrounds and allowing summer camps

VAT, which reflects retail activity, took the biggest hit, coming in nearly €1.6 billion (22 per cent) behind expectations at €5.7 billion for the five-month period. Photograph: PA Wire

This compares to a deficit of just €63 million at the same point last year

The latest figures lay bare the changed employment landscape in the Republic. The jobless rate was less than 5 per cent in February.

CSO figures shows jobless rate on foot of coronavirus shutdown

Chief medical officer Dr Tony Holohan and Dr Ronan Glynn leaving Government Buildings. Photograph: Dara Mac Dónaill

The Government had little choice but to assume the worst and act accordingly

Minister for Business, Enterprise and Innovation Heather Humphreys  said the legislation will ‘significantly beef up’ Microfinance Ireland (MFI) and enable a significant expansion of the Future Growth Loan Scheme operated by the SBCI. Photograph: Leon Farrell/Photocall Ireland/PA Wire

Legislation launched to expand funding for two emergency Covid-19 loan programmes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.

China’s plan to impose new security law on Hong Kong rattles markets

Dermot O’Leary, chief economist Goodbody: ‘Recovery  likely to be patchy with significant government support necessary.’ Photograph: Dara Mac Dónaill  Dara Mac Donaill

Firm warns slow lifting of restrictions will impact speed of ‘patchy’ recovery

Paschal Donohoe says the Government has had to shape its response to the Covid-19 pandemic ‘at break-neck speed, with incomplete information and unclear outcomes’. File photograph: Nick Bradshaw

Minister for Finance says current low interest rates will not last forever

David McCourt, CEO and founder of Granahan McCourt, and Peter Hendrick, CEO of National Broadband Ireland. Photograph: Julien Behal Photography

Company behind State’s €3bn broadband plan cites timeline problems due to Covid-19

Traders at the New York Stock Exchange in March. ‘The biggest threat to the US market this year is actually the potential for ignition of the tariff war between the US and China,’ said Kristina Hooper, chief global market strategist at Invesco. Photograph: Bryan R Smith/AFP via Getty Images

Euro shares fall amid concerns over slow recovery from coronavirus-led downturn

By the end of April, this adjusted measure of unemployment is estimated to have jumped to 694,683 with an associated Covid-19 adjusted jobless rate of 28.2 per cent.

Latest CSO Labour Force Survey shows impact of coronavirus crisis on workforce

Photograph: iStock

Decline would have been worse without Covid welfare payments, institute says

Rents fell by 2.1 per cent on average last month compared to March, the biggest one-month decline in over 11 years. Photograph: Artur Widak/NurPhoto via Getty Images

Sweet spot of falling prices and greater supply comes courtesy of economic earthquake

Established in 2001, Fusion provides a range of antibody engineering services for the development of antibodies for both therapeutic drug and diagnostic applications.

Belfast-based contract research firm secures appoval for share placing

The bank informed the 101 contractees, 78 in Kilkenny and 23 in Tallaght, on Thursday that their contracts, which expire on a rolling basis over the next six months, would not be renewed.

Company says move comes as Covid-19 crisis negatively impacts the business

Pharma exports account for about 60 per cent of total Irish goods exports, worth over €70 billion a year. Photograph: Louai Beshara/AFP via Getty Images

Latest figures show massive jump in exports of medical and pharmaceutical products

Aryzta	 is the parent company of Cuisine de France. Photograph: Nick Bradshaw

Cuisine de France owner is under pressure to reverse precipitous collapse in share value

Euro zone banks hover near all-time lows

Latest official figures show prices nationally rose by 1 per cent in 12 months to March

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