A pledge by the US central bank, the Federal Reserve, for a massive spending spree of all types of US debt failed to put the brake on the global stock market sell-off, suggesting that investors are looking for huge government spending programmes and not just market-calming initiatives by central banks.
Irish bank and transport shares most exposed to the potential economic fallout from the coronavirus fell sharply for a second successive session, as an Italian official said it may need to call on the EU to offer leeway on budget targets due to the outbreak.
The Brexit gloom lifted helping boost the shares of Irish banks and property firms, as well as the owner of Paddy Power, as investors bet the risk of a crash-out Brexit had receded for the time being.
Global markets appear to have called time on the dangerous game of hardball US president Donald Trump is playing with China, as a plunge in shares, government bond yields, and the price of oil signalled his trade wars could lead to world recession.
A Brittany Ferries customer whose sailing to Cork was cancelled believes he was the victim of "shoddy treatment" after the company said it would not compensate him for the extra expense of travelling to another port to get home with a rival carrier.
A 27-year-old married man from Cameroon who is living in Dublin has withdrawn a €60,000 damages claim against the Motor Insurance Bureau of Ireland who had appeared on behalf of an uninsured driver following an alleged rear-ending accident.
Irish Ferries’ handling of the cancellation of all its summer sailings on the new WB Yeats ship from Dublin to France has been criticised by customers who say they have had difficulty getting through to its helpline and are left “in limbo”.