Out of office: Your essential round-up of the latest business news
The European Commission has revised Ireland’s predicted gross domestic product growth upwards to 7.2 per cent for 2021. Growth of only 4.6 per cent had been predicted by the Commission but due to strong economic performances, this was revised. The growth is the second highest predicted in Europe, just after Romania’s predicted 7.4 per cent growth.
The Pandemic Unemployment Payment (Pup) scheme is to be closed for applicants from Thursday, July 8. The...
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Ian Guider: Return of redundancy payments will give clarity on zombie companies
This is an important move not only for restoring workers’ rights but also for what it may show about the scale of long-term damage to businesses and employment caused by the pandemic
Whiskey distilleries clash over use of ‘Killarney’ name
‘Nobody should own a place name,’ says Aidan Forde of Torc Brewing, who is being sued by rival distillery Innisfallen
Eugene Kiernan: Evergrande’s money woes have been hiding in plain sight for years
The troubled Chinese property company has had negative cashflow in eight of the past ten years and its total debt now stands at more than $320 billion. Despite an initial wobble, global markets seem relatively unconcerned, but should they be worried?