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.

Auctioneers and valuers group IPAV believes there will 17,000 fewer homes this year as a result of 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

The New York Stock Exchange, where stocks fell sharply for the second day on Wednesday. Photograph: Mark Abramson/The New York Times

Fear of coronavirus second wave stalks stock markets

The State’s spending watchdog said gross domestic product (GDP) is likely to have fallen by 15% to 21%  in April, which it said was broadly in line with the contractions seen or predicted in other countries. Photograph: PA

Estimate from Irish Fiscal Advisory Council comes as OECD warns building up of world Covid debt ‘will come back to haunt us’

More than a quarter of the people surveyed (26%) said they were afraid to go shopping for fear of contracting coronavirus. Photograph: Nick Bradshaw

CSO figures detail employment and emotional impact of crisis

Governments are beholden to the fossil fuel industry for three obvious reasons. Photograph: Eric Taylor/Bloomberg

Technology and finance offer the best hope of a sea change in policy

LGIM highlighted Exxon’s ‘persistent refusal’  to disclose its full carbon footprint. Photograph: Jim Young/Reuters

Fund manager criticises oil company’s inaction on climate and lack of transparency on lobbying

 Danny McCoy: “The Covid-19 pandemic is a truly seminal moment in our lives, posing enormous challenges to the way humanity has organised itself over recent decades.” Photograph: Alan Betson

Employer’s group calls for major stimulus to relaunch coronavirus-battered economy

In its latest quarterly report on the rental market here, Daft said there were 3,800 properties available to rent on its website on May 1st. Photograph: Getty Images/iStockphoto

Latest Daft report highlights major rise in number of homes available to rent

The company said phase three efficacy and safety trial results for a new treatment for rare skin condition epidermolysis bullosa would be published later in the year and would represent a significant milestone for Amryt

Rare disease specialist says integration with newly acquired Aegerion completed ahead of time

European bank stocks lagged most of their peers, as growing discord between Germany and the ECB cast doubts over certain ECB asset purchasing programmes. Photograph: The New York Times

Markets report: Basic resources sector best weekly performer

Shot of a woman paying at the checkout of an ice cream parlour with Euros

Central Bank figures show household net worth topped €800bn in final quarter of 2019

Shops shuttered on Dublin’s Grafton Street. Photograph: Gareth Chaney/ Collins

CSO figures show massive jump in jobless rate on foot of coronavirus shutdown

Wall Street’s main indices rose on Wednesday on hopes of a pick-up in business activity as states eased coronavirus-induced curbs.

Commission predicts euro-zone economy will contract by record 7.7 per cent this year

The CSO’s report showed that 383,000 jobs were directly linked to foreign investment into the State.

New figures show €312bn of FDI in 2018 was destined for elsewhere

A woman walks past a wall mural featuring figures from popular culture supporting social distancing in Tallaght, Dublin, by artist Emmalene Blake. Photograph: Sasko Lazarov/

Government schemes cushion financial blow to workers but how long can they be maintained?

Minister for Finance Paschal Donohoe: ‘The Government is committed to continuing to provide support to ensure our economy recovers as quickly as possible from this crisis.’ Photograph: The Irish Times

Government’s budget deficit swelled to €7.5 billion in April, twice that of 2019

Minister for Finance Paschal Donohoe has ruled out increases to income tax and other big tax categories, such as VAT, as they might impede recovery.  Photograph: Leon Farrell/Photocall Ireland/PA

Latest returns show an exchequer deficit of €7.5 million at the end of April

Latest exchequer returns show Government’s deficit swelled to €7.5bn in April

Minister for Finance Paschal Donohoe: Measures are designed to ‘minimise the damage’ of the pandemic. Photograph: PA

Up to €2bn in guaranteed loans to be made available to SMEs impacted by Covid-19

New export orders contracted at a survey record pace, with the decline sharper than that recorded for total new orders. Photograph: Getty Images

Latest AIB purchasing managers' index points to record falls in output and new orders

Numbers pinpoint record drops in bar, clothing and sales, but hikes in grocery and alcohol sales

National Health Service staff at the Mater hospital in Belfast, during a minute’s silence to pay tribute to the staff and key workers who have died during the coronavirus outbreak. Photograph: PA

Ibec and CBI pen joint letter to Taoiseach and First Minister calling for more co-operation

John Berrigan: the Republic’s top EU civil servant, says the Covid-19 crisis will leave ‘deep scars and irreparable damage’ to Europe’s economy.

Republic’s top EU civil servant says strict spending and subsidy rules will return after crisis

Prior to the crisis, some 3,300 hotel rooms were expected to complete construction by the end of 2020. Photograph: Alan Betson

Cushman & Wakefield highlights impact of Covid-19 on hospitality sector

Is anyone enthused by the prospect of sitting in a half-empty restaurant being served food by a person in a mask and latex gloves?   Photograph:  EPA

A country-by-country approach is taking place under the threat of a second global outbreak

Consumers aged 35-54 are less able to cope with financial shocks than other age groups, the survey indicates. Photograph: iStock

KBC Bank survey finds over 12% of people unable to handle €1,000 financial hit

 Traders at the New York Stock Exchange: Wall Street jumped 1 per cent on Thursday. Photograph: Ashley Gilbertson/ The New York Times

Pan-European Stoxx 600 was up 0.9 per cent, recovering for second straight day

The Central Bank study found that if 70 per cent of vulnerable SMEs demand external liquidity and their non-personnel expenses can only be cut by 50 per cent, they would need €5.7 billion in supports. Photograph: PA Wire

Up to €5.7bn of emergency liquidity may be needed to help businesses get through crisis

‘Like all processors, we are closely monitoring volatile dairy markets across the world,’ says Carbery chief executive Jason Hawkins

Dairy business reports 3 per cent increase in turnover to €467m for 2019

The storage scheme will allow producers store food for between two and six months in order to “decrease of available supply on the market and rebalance the market on the long term”. Photograph: Bloomberg

European Commission unveils package of measures to support coronavirus-hit sector

Judging the likely future state of the economy is far from straightforward when the backdrop is a pandemic. Photograph: EPA

Predictions get worse with every passing day

A much reduced rush-hour traffic on the M50 around Dublin during the Covid-19 lockdown. Photograph: Leon Farrell/

On-street cameras capturing pick-up in footfall and road traffic

UK asset manager Legal & General Investment Management has become one of the most outspoken financial institutions on climate change. Photograph:  Alessia Pierdomenico/Reuters

Fund manager says it is using its ownership of companies to push green agenda

Minister for Finance  Paschal Donohoe  said the economic landscape, in common with elsewhere, had been ‘turned on its head’.

Minister warns virus will see unemployment hit record 22% in second quarter

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