Passengers wearing protective face masks in Terminal 2 at Dublin Airport. Government messaging around the wearing of face masks has been confused, something that could be changed with a focused advertising campaign. Photograph: Brian Lawless/PA Wire

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

Mark Cassidy, director of economics and statistics at the Central Bank of Ireland. “The path ahead for the economy will depend on the path of the virus, which makes the strength of the recovery and the future impact on sectors uncertain,” he says in the Central Bank’s latest quarterly analysis of the Irish economy.  Photograph:  James Forde for the Irish Times

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Bewley’s café on Grafton Street, Dublin. The café has closed permanently with the loss of 110 jobs. Photograph: Dara Mac Donaill

Some 100 staff are being let go, dashing hopes the historic café could be saved from closure

 The UK’s lead negotiator on Brexit David Frost, left,  with his EU counterpart Michel Barnier. Frost’s appointment as national security adviser has raised concerns that Britain is set on a course towards a no-deal Brexit. Photograph: Dati Bendo/EU/PA Wire

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Gary Cahill, director of food and beverage at the Shelbourne Hotel,  in the Lord Mayor’s Lounge, which will run at a 50 per cent capacity due to coronavirus restrictions when the hotel opens on June 29th. Photograph: Alan Betson

‘We’re not going to be making money for a while,’ general manager acknowledges

New investment fund backers include U2’s Adam Clayton and The Edge. Seen here at work. Photograph: Tom Honan

Impact Ireland to invest in firms that ‘generate a return for society as well as investors’

The Eccles Hotel & Spa in Glengariff, west Cork. Owner Ray Byrne says it is already 45 per cent full for July, as it prepares to reopen on June 29th.

Eccles Hotel and Spa occupancy at 40% for August, with hope of getting ‘close to 70%’

Jackie King: role is to advance “commercial internationalisation goal” of Ibec.

Jackie King to take up director of international business position on July 1st

Robert Lighthizer, US trade representative at Wednesday’s Senate Finance Committee hearing in the US. Photographer: Bloomberg

Warning that suspension of talks between US and Europe could lead to ‘free-for-all’ on tax

Pearse Doherty accepted that the State needs “to deal with” the national debt and praised the National Treasury Management Agency for having done an “excellent job”. Photograph: Tom Honan

Draft programme for government commits to using any Nama surplus to repay borrowings

Tesla Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China earlier this year. The arrival of the more affordable Model 3 family saloon drove Tesla’s sales growth in Ireland last year. Photograph: REUTERS/Aly Song/File Photo

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

Leonora O’Brien, chief executive of PharmaPod, the first of the 24 finalists to be notified by EY partner Roger Wallace that she had been chosen as a finalist for the EY Entrepreneur of the Year awards. Photograph: Naoise Culhane

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

The Mothercare shop at the St Stephen’s Green Shopping Centre, Dublin will be one of 14 outlets not to reopen. Photograph Nick Bradshaw/The Irish Times

Retailer’s 14 shops not reopening due to sales impact of Covid-19 lockdown restrictions

Bastien Grandgeorge, right, chief executive of Decathlon Ireland, and Kieran O’Shea, store leader at its new outlet in Ballymun, which will open on Saturday. Photograph: Dara Mac Donaill / The Irish Times

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

Restaurateur JP McMahon is hoping the State’s social distancing guidance will be cut from two metres to one metre. Photograph: Fusionshooters.

Inside Business podcast: JP McMahon says no guarantee Michelin outlet will reopen

  Central Bank deputy governor Ed Sibley expects a “minority” of banks’ customers will need forbearance arrangements once payment breaks expire. File photograph: Nick Bradshaw

Central Bank expects lenders will need to provide ‘significantly more’ than €500m

Founded in 1970, HSSCU was originally set up to serve the financial needs of health services staff in Dublin, Kildare and Wicklow. Photograph: Colin Keegan/Collins

Move prompted by cost of putting money on deposit and lack of loan demand

Bank of Ireland chief executive Francesca McDonagh said the past 10 weeks have been “exceptionally challenging” for the bank. Photograph: Laura Hutton

Bank of Ireland chief expects hit to demand for mortgages and consumer loans

Aer Lingus chief executive Sean Doyle said Aer Lingus has processed about 200,000 refunds or vouchers for customers who had their travel plans disrupted by Covid-19 . Photograph: The Irish Times

Clarity on travel rules needed to help ‘reboot’ Irish tourism says airline chief Sean Doyle

Michael Smurfit at the launch of his autobiography A Life Worth Living in 2014. Photograph: Dara Mac Dónaill

The businessman on Tony O’Reilly, selling the K Club, Brexit, and cocooning in Monaco

 Michael Smurfit says the lockdown of entire economies could come to be viewed as a ‘serious mistake’. Photograph: Dara Mac Dónaill

Business veteran tells Inside Business podcast impact of restrictions will last for years

Eason’s flagship store on O’Connell Street, Dublin, which is currently closed due to Covid-19 lockdown restrictions. The Irish-owned books retailer has told staff that it needs to reduce its costs by 30 per cent. Photograph: Dara Mac Donaill / The Irish Times

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

Eason on O’Connell Street, Dublin. Photograph: Dave Meehan

Irish-owned bookseller seeks ‘substantial’ rent cuts from landlords over Covid-19

Grafton Street in lockdown earlier this month. In a worse case scenario, the ESRI estimates that indirect taxes from consumer spending could be up to €6.7 billion lower this year were there to be a second lockdown of the economy in October. Photograph: Dara Mac Dónaill / The Irish Times

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In addition to a task force, developer Michael O’Flynn has called for the Central Bank’s macroprudential rules on mortgage lending to be relaxed. Photograph: Brenda Fitzsimons

Michael O’Flynn also wants help-to-buy scheme extended to 2025

Mary McKenna, founder of Tour America and Cruise Holidays,  had budgeted to arrange holidays for 45,000 customers this year. Photograph: iStock

Inside Business podcast: Tour operator says travel will never be the same

Ires CEO Margaret  Sweeney’s basic salary rose by 21.2 per cent last year to €400,000, while the maximum level of her bonus was increased from 100 per cent to 150 per cent of her salary.  Photograph: Nick Bradshaw

Adviser ISS says huge salary and bonus increase to Margaret Sweeney was not flagged

Greencore chief executive Patrick Coveney: ‘I am hugely proud of the way in which our people have responded to the extraordinary challenges of Covid-19.’  Photograph: The Irish Times

Largest UK maker of pre-packed sandwiches obliged to furlough more than 4,000 UK staff

A construction worker poses for the photographer as he works on a site along the quays in Dublin city centre yesterday, as Ireland cautiously began lifting it’s coronavirus lockdown. Photograph: Paul Faith/AFP via Getty Images

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The head of Hyundai Ireland Stephen  Gleeson is critical of the Government’s decision to prevent dealers from opening their showrooms for new sales until June 8th

Car dealers have been hammered under the lockdown restrictions, with just 344 vehicles sold in April

Founded in 2012 and owned by Irelandia Aviation, Mr Ryan’s investment vehicle, Viva Air flew 40,000 flights last year, carrying 6.3 million passengers. File photograph: iStockPhoto

Six to 12 months before Viva Air services in Colombia and Peru ‘back to normal’

A deserted Grafton Street in Dublin on the recent  bank holiday weekend. Ibec has suggested a €15bn reboot of the Irish economy once the lockdown restrictions have been lifted. Photograph: Dara Mac Dónaill / The Irish Times

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The Bath Pub in Ballsbridge is serving pints to local customers with a delivery service. Liam Tilly of Bath Avenue Gardens is pictured  accepting a pint from Brian O’Malley of The Bath. Photograph: Nick Bradshaw / The Irish Times

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

Bewley’s Cafe on Grafton Street in Dublin. Staff at the cafe have been told it will close permanently. Photograph: Dara Mac Dónaill

Grafton Street outlet shuts due to rent and loss of up to 80% of turnover under social distancing

The Bewley’s building is leased from RGRE Grafton Limited. Rent amounts to about 30 per cent of the cafe’s sales. Photograph: Alan Betson/The Irish Times

Staff told Covid-19 lockdown and high rent make reopening unviable

The owners of Gleesons in Booterstown in south Dublin estimate that it could accommodate perhaps 90 customers at one time under social-distancing rules.

Gleesons pub in Booterstown would lose two-thirds of capacity under social distancing

President Donald Trump participates in a virtual “town hall” with Fox News, at the Lincoln Memorial in Washington DC on Sunday. Photographer: Anna Moneymaker/The New York Times

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

John Fitzpatrick: “Guests are going to want something more than a mint on their pillow when the restrictions are lifted.”  Photograph: James Higgins

Irish hotelier John Fitzpatrick set to spend $250,000 on measures to counter Covid-19 and allow his hotels in Manhattan open

Feargal O’Rourke, managing partner at PwC which has announced that its partners will take a cut in pay as a result of Covid-19 crisis. Photograph: Conor Mulhern

Both Big Four accounting firms commit to protecting jobs for their staff for as long as possible

Sherry FitzGerald chairman Mark FitzGerald: “I’d say let’s prioritise the building . . . the retrofitting may have to wait. It would be ideal if we could do both but I’m not sure where we’d get the construction workers.” Photograph: Nick Bradshaw

Mark FitzGerald urges new government to prioritise building 140,000 A-rated units

Leading Irish wealth managment group Davy has agreed a three-year sponsorship with The Irish Times for its weekly podcast, Inside Business with Ciarán Hancock.

Leading Irish wealth manager to sponsor Inside Business as part of three-year partnership

Former Digicel chief executive Colm Delves, who died in Dublin on Thursday.

Irishman served as chief executive of Denis O’Brien’s Digicel for 13 years until stepping down from the role in 2018

David McRedmond said An Post was set to take a financial hit of €10 million-plus this year as a result of Covid-19. Photograph: Maxwells

David McRedmond says it may not be ‘sensible’ to deliver letters every weekday

Storage tanks at Tullow Oil’s Ngamia 8 drilling site in Kenya. Photograph: Baz Ratner/Reuters

Executive chair Dorothy Thompson will return to her position as non-executive chair after handover

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

Brian Hayes, chief executive of the Banking & Payments Federation Ireland. Photograph: Alan Betson

Bankers’ lobby in talks with Central Bank about longer payment breaks

Danny McCoy, chief executive officer of Ibec. Regarding the supports being made available to businesses, Mr McCoy suggested they might need to last ‘possibly for a year to a year and a half’.

Danny McCoy also believes taxes will have to rise to help State meet the multibillion euro bill for supports

A Ryanair plane on the runway at Dublin airport passes near Aer Lingus planes. DAA staff at Dublin and Cork airports last week received profit share and other bonus payments due for the 2019 financial year. Photograph: Artur Widak/NurPhoto via Getty Images

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

Pat McCann: 'I feel the restrictions will have to go on longer than people expect. A lot of the restrictions will not end before September'. Photograph: Maxwell

Hotelier Pat McCann tells Irish Times podcast group can survive 2020 with no revenue

Quinn Industrial Holdings offices in Derrylin, Co Fermanagh. About 600 staff are being laid off temporarily while the company grapples with the impact of Covid-19. Photograph: Liam McBurney/PA Wire

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

 A Digicel store in Fiji.

Telco owned by Denis O’Brien is in discussions with bondholders to refinance a large chunk of its debt

An image of a  new housing scheme proposed for Ballyvolane on the outskirts of Cork city. The proposed development of 753 units has met with opposition from local residents and business groups.

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

A Wild Atlantic Way sign near village of Kilcrohane on the Sheeps head peninsula in West Cork. Hotel occupancy rates in rural areas are well behind those in Dublin, according to data from the Irish Hotels Federation. Photograph: Bryan O’Brien / The Irish Times

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

GAA director general  Tom Ryan: “I have no interest in going to see a more successful Carlow team that is comprised of hurlers from Kilkenny. It’s not what the GAA is about.”  Photograph: Laszlo Geczo/Inpho

Tom Ryan says if you pay players you will have the counties that can afford to pay more attracting the better players

The Morrison Hotel in Dublin, which is has been put up for sale by its Russian owner Yelena Baturina for €80 million. Photograph: Dave Meehan/The Irish Times

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

Bank of Ireland chief executive Francesca McDonagh, who has negotiated a pay rise with the Financial Services Union. Photograph: Laura Hutton/The Irish Times

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

Former Anglo Irish Bank finance director Willie McAteer.

Membership of Chartered Accountants Ireland revoked and payment of €15,000 towards tribunal costs agreed

Businessman Harry Crosbie, who has placed the family haulage business into voluntary liquidation. Photograph Nick Bradshaw for The Irish Times

Automation Transport Ltd goes into voluntary liquidation with 22 redundancies

Sinn Féin leader Mary Lou McDonald celebrates with supporters after she is  elected at the RDS count centre. Photograph: Charles McQuillan/Getty Images

Mary Lou in government would be a stroll in the park compared to the crash fallout

Brown Thomas: Dundrum outlet will comprise more than 63,000sq ft, roughly half the size of its flagship shop on Grafton Street.  Photograph: Eric Luke

Outlet opening in 2021 will take over two floors from departing House of Fraser

In a world of low interest rates, the Irish rental sector is offering good returns to investors right now.

Restrictions on foreign investment in housing would come at high cost

Pope Francis (played by Jonathan Pryce) and Pope Benedict (played by Anthony Hopkins) in the Netflix production The Two Popes. It was one of a number of films made by Netflix that had only a short release in cinemas before being made available exclusively on the streaming service. Photograph: PETER MOUNTAIN/Netflix

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

An aerial view of the Muckross Park Hotel in Killarney, which is part of the iNua hotel chain.

Irish-owned group has eight properties with aims to be biggest regional hospitality chain

 Declan Black was  reselected as managing partner of Mason Hayes & Curran for the third time. Photograph: Eric Luke / The Irish Times

Irish firm said main drivers of growth were demand in tech and data privacy, energy, financial services and litigation

Fianna Fáil finance spokesman Michael McGrath:  “Most people understand that Fianna Fáil wasn’t in government for the past four years. I had no department to run, no advisers or civil servants reporting to me.” Photograph: Dara MacDónaill

Fianna Fáil’s minister for finance in waiting says there are ‘many strands to tackling the housing crisis’, including a €10,000 sa(...)

MSL Ballsbridge Motors, owned by the O’Flaherty family.

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

The Duke and Duchess of Sussex, Prince Harry and his Meghan Markle, pictured at Kensington Palace.

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

South Dublin Credit Union’s office in Stillorgan: South Dublin’s bank charges rose to €48,352 during the year, up from €32,064 in 2018

Members told banks are now charging for investments and credit union needs to lend more

 Minister for Finance and Public Expenditure Paschal Donohoe at his office in Merrion Street, Dublin. Photograph: Dara Mac Dónaill

Finance minister will not roll back on move to push pension age to 68

Enjoying the opening of the FOA Schwarz Toy store at Arnotts: Some 6,500 families visited Santa in Arnotts, a record for the store. Photograph: Alan Betson

Arnotts had one million visitors and Brown Thomas 650,000 in month of December

Passengers travelling through Dublin Airport. The aviation regulator has reduced passenger charges at the airport for the next five years, a decision that could be appealed this month. Photograph: Cyril Byrne / The Irish Times

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

An artist’s impression of Vicar Street South, Gorey, Co Wexford. The Market House building will have the new name in  neon and the front car-parking spaces will be removed

Entrpereneur has written to Ed Sheeran and Bono asking would they perform on opening night

East Coast Bakehouse managing director Michael Carey: “The cash burn has ended, thankfully.” Photograph: Eric Luke

Drogheda-based biscuit maker’s revenue currently running at rate of €6m a year

Michael D’Arcy, Minister of State at the Department of Finance: ‘I don’t mind ruffling feathers.’ Photograph: Dave Meehan

Junior minister on backing insurance reform to protect SMEs

Eason on Patrick Street, Cork will remain open until 2021.  Photograph: Bryan O’Brien

Eason staff told of plans to relocate to purpose-built store in Cork city centre in 2021

Norman Crowley: “Businesses around the world waste at least 50 per cent of the energy they consume.”  Photograph: Alan Betson

Company counts some of the world’s top food, tech and pharma companies as customers

Property website Daft recorded Irish house prices falling last year for the first time since 2012. Photograph: Simon Dawson/Bloomberg

Looming general election and UK-EU trade talks add to uncertainty for developers

Money bag and wooden blocks with the word Debt and a miniature house on the scales. Payment of debt for real estate. Pay off the mortgage loan. Risks of buying a house. Buying an apartment on credit.

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

Lisney is preparing to open a new office in Blackrock, Co Dublin, which will effectively replace one that closed recently in Dún Laoghaire. Photograph: Dara Mac Dónaill

Firm sold 450 second-hand homes in Dublin and Cork last year, average price €750,000

Black Friday shopping on Dublin’s Grafton Street. Photograph: Artur Widak/NurPhoto via Getty Images

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

Former Tánaiste Mary Harney said she was looking forward to serving on the public-interest committee of KPMG.

Former Tánaiste brings ‘broad range of experience’ to role, accounting firm says

Basis.point chairman Clive Bellows (centre) noted that communities in the shadow of the IFSC were among the most disadvantaged in the State.

US property firm teams up with funds industry scheme to help north inner-city communities

Win a stay in The Lodge at Ashford Castle, Carton House, Fota Island Resort, Radisson Blu Dublin and the iNua Collection of hotels

The funds is seeking to recover damages of $958,000 and exemplary damages of $1.9 million against Karla Stover, formerly the charity’s director of its Texas region.

Cost of dealing with alleged fraud at funds’ Dallas office currently $1m

Claims litigated through the courts are just one part of the overall picture concerning motor settlements.

Average legal costs from litigated settlements over four years top €23,000

The Central Bank’s report this week is welcome in that it provides a greater level of transparency around motor claims. Photograph: Dave Meehan/The Irish Times

Excuses made for price hikes and soaring profits not borne out by recent history

A Black Jack table in the Fitzwilliam Card Club in Dublin. Photograph: Aidan Crawley

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

Experienced Irish public relations executive Brendan Bracken, who died this week aged 72.

Bracken founded his own public relations agency in 1991 and his clients included CIÉ and Bank of Scotland

Mark Anthony Brands International chief executive Davin Nugent (centre), with Glendalough Distillery co-founders Barry Gallagher and Brian Fagan.

Mark Anthony Brands International buys remaining 60% of whiskey and gin maker

The former Central Bank building will accommodate offices, restaurants and shops.

City centre project to be ready for tenants from next August

Apartments at the 22-storey Capital Dock building at Sir John Rogerson’s Quay in Dublin’s docklands – the tallest residential tower in the city. Photograph: Dara Mac Dónaill

We must build homes in tall blocks – not semi-detached and standalone dwellings

A Ryanair Boeing 737 aircraft undergoing maintenance at a facility in Seville, southern Spain. Photograph: EPA/Raul Caro

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Patricia King, general secretary of Congress

Ireland is a ‘low-pay economy’ says Congress secretary but Ibec warns hike ‘looks too high’

A Ryanair logo is pictured on the the jacket of a cabin crew member. The airline will begin a court battle today with chief operating officer Peter Bellew, who is planning to take up a senior role in January with rival airline Easyjet. Photograph:  REUTERS/Francois Lenoir/File Photo

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

Cooked duck been prepared and packed ready for consumers in the Silver Hill Foods plant in Emyvale Co Monaghan.

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

The exterior of  Chartered Accountants House on Pearse Street,  Dublin. A report on the quality of auditing  will be published next year. Photograph: Cyril Byrne

IAASA has carried out inspections on samples of audits at the eight biggest accounting firms in the Republic

Mediahuis chief executive Gert Ysebaert and chairman Thomas Leysen. Photograph: Nick Bradshaw

Transfer to Mediahuis amounts to 75% of €80m in cash available to Irish media group

BPFI CEO Brian Hayes: His plea for bankers to be able to speak their minds on major issues affecting their sector, and the economy at large, might get a better hearing if bankers weren’t so reluctant to apologise for their mistakes.  Photograph: Crispin Rodwell for the Irish Times

There isn’t a ‘bold step’ big enough for all the bankers who have failed their customers

Shed Distillery owner PJ Rigney and head distiller Brian Taft launching their new Irish whiskey.  “This is an historic moment for us,” said Mr Rigney. Photograph: Brian Farrell

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