DUBLIN—The head of the Eurogroup of euro zone finance ministers Paschal Donohoe is confident the region’s recovery can be sustained into next year even if the Omicron coronavirus variant requires new public health measures, he told the Reuters Next conference. Donohoe, who is Ireland’s finance minister, said his confidence reflected how economies have increasingly demonstrated…
Eurogroup Head Donohoe Confident Omicron Won’t Derail Recovery
December 1, 2021
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AfricaBusiness & EconomyBusinesses in COVID-19CCP Viruseconomic policieseconomyEurogroupEuropeInternationalIrelandOmicronPaschal DonohoeVaccines & SafetyWorld
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Despite High Vaccination Rate, Ireland Reimposes New COVID-19 Restrictions
The government of Ireland, one of the most vaccinated countries in the world, reimposed COVID-19-related restrictions, including a midnight curfew as officials explained that it’s meant to stop the spread of the virus. About 93 percent of the country’s adult population have received a COVID-19 vaccine, according to government data. And about 89.1 percent of…
Ireland Dusts Off Brexit Contingency Plans as Trade Tensions Mount
November 9, 2021
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BritainBusiness & Economyeconomic policiesEconomiesemergencyIrelandIrishmeasuresministertradeUKWorld
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DUBLIN—Irish government ministers have met to dust off contingency plans in case disagreements between Britain and the European Union trigger major trade disruption, deputy prime minister Leo Varadkar said on Tuesday. The European Union last week said that Britain had made no move to seek a compromise on post-Brexit trade with Northern Ireland and cautioned…
Ireland Sees Rising COVID Cases and Deaths Despite Highest Vaccine Uptake
Commentary For the second month running Ireland has been ranked top in Bloomberg’s Covid Resilience Ranking of the world’s 53 biggest economies. Its report claims the Republic is now reopening after vaccinating more than 90 percent of its adult population. Alongside its praise for the Emerald Isles, the Blomberg report includes a cautionary, even contradictory note: “With daily cases currently…
Bank of Ireland Share Sale Extended, State Recoups 249 Million Euros
DUBLIN—The Irish government on Friday extended the gradual sell down of its shares in Bank of Ireland to May 2022, having raised 249 million euros ($287.79 million) in the last three months by cutting its stake to 9.3 percent from 13.9 percent. The government announced in late June that it intended to cut its shareholding…
Strong Tech Support Could Help Sell Congress on Global Tax Rules: Yellen
November 1, 2021
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Business & EconomyCompaniescongressEconomieseconomyEuropeExecutive BranchglobalInternationalIrelandJanet YellenMedia & Big TechPoliticstaxTechUSUS NewsWorld
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DUBLIN—U.S. Treasury Secretary Janet Yellen said she expected U.S. tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, saying the impact on U.S. companies should be minor. Yellen told Reuters on Sunday the support of the big global players…
Ryanair Vows 5-Day Refund Turnaround After COVID-19 Criticism
DUBLIN—Ryanair on Thursday vowed to repay customers within five days for cancelled flights in a renewed customer service push after criticism about how it handled refunds at the height of the COVID-19 pandemic. The budget airline, Europe’s largest, said refunds would be processed into a new online wallet function within 24 hours of a flight…
UK Says Substantial Differences Remain With EU Over Northern Ireland Trade
LONDON—The United Kingdom said on Saturday that talks with the European Union over post-Brexit trade rules for Northern Ireland had been constructive, but substantial differences remained. Goods moving between Britain and Northern Ireland currently face customs checks, as part of a deal reached before Brexit to avoid more contentious border checks between Northern Ireland, which…
Bank of Ireland Buys KBC’s Irish Assets in 5 Billion Euro Deal
DUBLIN—Bank of Ireland on Friday agreed to buy “substantially all” of KBC’s Irish performing assets for 5 billion euros as the Belgian financial group confirmed it would become the latest lender to leave the shrinking Irish market. The two banks announced they were in talks about the deal in April, just weeks after NatWest began…
EU Unveils Proposals to Slash Brexit Checks Required Under the Northern Ireland Protocol
The European Union has unveiled a series of proposals that would slash the red tape burden on Irish Sea trade created by Brexit’s Northern Ireland Protocol. The European Commission measures would see an 80 percent reduction in checks envisaged for retail agri-food products arriving in the region from Great Britain. The proposed changes to the…
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