You are viewing the content for Tuesday 30 June 2020

BUSINESS

European stocks gain 12% in quarter despite Covid-19 economic toll

European stocks slipped in the latest session but ended strongly in the quarter after mounting a recovery despite the hit from the Covid-19 economic crisis.

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Norway mulls over burying its carbon at sea

Norway's parliament will decide in October whether to back a €2.3bn project that would drastically cut emissions from a cement factory and a waste-to-energy power plant -- by burying it at sea.

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Ryanair not expected to follow Norwegian Air in pulling €8bn Boeing order

Ryanair not expected to follow Norwegian Air in pulling €8bn Boeing order

Ryanair is expected to continue its talks with Boeing aimed at getting delivery of its 737-Max jets as soon as possible and looks highly unlikely to follow the lead of Norwegian Air and TUI in either cancelling or postponing orders and claiming compensation for the plane’s delayed delivery.

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Ireland will only be playing 'catch up' with UK in looming business loans stimulus package

Over one million Covid-19 emergency loans have been advanced to UK companies that are 100%-guaranteed by the British government, starkly showing the wide gap in supports for firms in the Republic.

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Plans lodged for the redevelopment of Cork's historic Queens Old Castle

Plans lodged for the redevelopment of Cork's historic Queens Old Castle

Cork's historic Queens Old Castle could be set for a new lease of life after a planning application to redevelop the iconic building was submitted to Cork City Council.

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Wendy Oke: Developing the Netflix of children's learning

Wendy Oke: Developing the Netflix of children's learning

Dr Wendy Oke speaks to Eve Kelliher about providing educators the platform to help children develop

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New Government must give Limerick and the Mid West special treatment, says chamber

Limerick Chamber said they will give the newly formed government the benefit of the doubt despite the absence of a cabinet minister from the Mid West writes Alan Healy.

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Money transfer firm Remitly to take office space in Cork's Penrose Dock

Online money transfer company Remitly is to open an office in Ireland taking up space in the new Penrose Dock development in Cork.

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Cork-based Keelvar is optimising supply lines in the face of Covid-19

Keelvar, a Cork-based procurement and supply chain optimisation company, has announced it is expanding with plans to recruit 40 new workers over the next two years.

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Repak members on course to reduce plastic by nearly 52% in 2020

Irish companies are set to reduce plastic packaging waste by nearly 52% this year, according to environmental and recycling compliance group Repak.

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Bossard Ireland: Shipping fasteners and face masks from its base in Cork

Having spent recent weeks supplying more than a million face masks and hand sanitiser for workers around the globe, Bossard Ireland has opened a new warehouse focused on their core business with plans to further expand its workforce.

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Half of restaurants could close without speedy aid, industry warns

The Restaurants Association of Ireland is seeking rent cuts from landlords, official grants and greater flexibility from banks and utility companies.

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Resurgent Covid-19 hits price of oil as Shell counts the costs in billions

The outbreak of new Covid-19 cases in the US has re-ignited investors fears of a prolonged slump in global demand, sending the price of oil sharply lower, as giant Shell counted the costs in billions of the pandemic crisis.

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Coronavirus: Local lockdowns in UK would be the ‘final straw’ for businesses

On Monday, Health Secretary Matt Hancock said the city would become the first place in the UK to go into a local lockdown.

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Hospitality and arts sector to warn of mass job losses before Covid-19 committee

SME Recovery Ireland is also expected to call for a government bailout of the sector.

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Shell warns of up to €20bn hit to assets after oil price slump

The move comes amid a climate-focused review of its operation, after it laid out plans reduce greenhouse gas emissions to net zero by 2050.

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Coronavirus sees UK economy suffer largest fall since 1979 in first quarter

The Office for National Statistics said UK GDP fell by a revised 2.2% in the first quarter after data showed a record 6.9% plunge in March.

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Finance firm Wirecard resumes services after restrictions lifted in UK

Wirecard Card Solutions Limited’s licence was frozen after an accounting scandal at its German parent company.

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Facebook tells users how to spot fake news

A new advertising campaign encourages people to ask a series of questions whenever they read something online.

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