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Number of properties for sale takes nosedive

The availability of property for sale on the market has taken a nosedive as a result of the Covid-19 emergency, with the number of houses for sale dropping significantly. Between 15 and 28 March there were just 1,300 properties posted for sale across the country, according to property website daft.ie. That represents half the total of the…

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Services sector suffers significant setback due to Covid-19 outbreak

The services sector here suffered a significant setback due to the Covid-19 outbreak last month, with both activity and new work falling at the fastest rate since April 2009. That is according to the AIB Ireland Services Business Activity Index, which fell from 59.9 in February to 32.5 in March. It found that new business…

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Euro zone business activity collapses in March as coronavirus spreads – PMI

Euro zone business activity collapsed last month as attempts to contain the coronavirus pandemic pushed governments to shut down vast swathes of their economies, from shops to factories to restaurants, a survey showed today.  The pandemic has infected more than a million people worldwide, paralysing economies as consumers worried about their health and job security…

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European shares tumble as more coronavirus impacts revealed

European shares fell this morning in their first trading session of the quarter, as dismal economic data from Asia underpinned the ongoing damage from the coronavirus pandemic and fanned fears of a deep global recession.  The pan-European STOXX 600 index was down 2.4% in opening trade. It ending with its worst quarter in 18 years yesterday…

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Dublin is fifth most expensive city to rent in Europe – report

Dublin remains in the top five most expensive cities to rent in Europe, according to the latest Accommodation Ranking report by ECA International.  With rental costs up €207 on average per month from last year, it is one of the steepest rental rises in the ranking (6%), making it more expensive than other major European capital cities. …

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Manufacturing posts sharpest ever monthly drop in March

Factory activity here posted its sharpest ever monthly drop in March as the coronavirus pandemic disrupted supply chains and caused a collapse in demand, a survey showed today.  The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell to 45.1 from February’s 51.2, its worst reading since May 2009. The figure was also well below…

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€9m more to be paid out in Covid-19 wage subsidy scheme today

Revenue has assured employers that they will not be deemed insolvent if they avail of the government’s Covid-19 wage subsidy scheme.  Concerns had emerged that an unpaid wages declaration would effectively be an admission that employers were trading while insolvent. The key criterion is an employer’s declaration that disruption brought about by the pandemic has…

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Banks issue warning about Covid-19 scam attempts

The banking industry here has warned consumers to be on the lookout for an expected rise in online fraud and scam attempts that try to take advantage of the circumstances around the Covid-19 crisis. The Banking and Payments Federation Ireland (BPFI) FraudSMART campaign says people need to be extra vigilant, take their time to do…

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Another 283,000 people apply for Covid-19 emergency income payment

The Minister for Employment Affairs and Social Protection has said that by close of business on Friday, another 283,000 people had applied for the Covid-19 emergency income payment from the Department of Social Protection. Speaking on RTÉ’s Morning Ireland, Regina Doherty also said that some 16,000 plus companies had applied for the wage subsidy scheme. …

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