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Ireland financial


PhilHealth Philippine Health Insurance Corp. (PhilHealth) may have lost at least 22.72 million pesos last year because that amount was spent on paying premiums for 4,544 elderly members who had already died, according to a recent report by the Commission on the audit (COA) on the state health insurer. The COA discovered that 8,156 deceased …

The government has abandoned a planned reduction in the Wage Subsidy for Employment (EWSS) program in an attempt to help businesses affected by the new Covid-19 restrictions. At a press conference, the finance minister said that an earlier proposal to use the Covid Restriction Support Scheme to help businesses had proven to be “very complex …

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“If you saw some of the numbers being paid right now, your eyes would pop out of your head,” says Michael Nolan, audit partner in Grant Thornton’s office in Cork. Wing inflation is triggered by a bidding war for new hires in recent months, he said. Grant Thornton is recruiting for positions in technology and …

iwoca, one of Europe’s largest small business lenders, has announced the extension of its Merchant Cash Advance product to all small businesses accepting card payments in the UK. The merchant cash advance will allow small businesses to pay off their loan based on their sales and stay in control by choosing the percentage of their …

The National Public Health Emergency Team is believed to be considering a series of restrictions in the hospitality industry tonight, in an effort to reduce transmission of Covid-19. Measures assessed should include eliminating the ability of people to reserve multiple tables, and also reducing the number to six people per table. It is also believed …

Dermot Desmond received a windfall of 27.5 million euros last year from Intuition Publishing, his Dublin-based e-learning company. This brings the amount of cash he has received from the company in the form of dividends and loans to around € 42.5 million over the past two years. Accounts recently filed for Intuition, which sells online …

Wall Street shares fell on Monday as traders reacted to news that Joe Biden had appointed Jay Powell as Federal Reserve chairman for a second term, with Lael Brainard selected as running mate. The blue-chip US S&P 500 stock index lost its earlier gains when Powell’s appointment was first announced, ending the day 0.3% lower …

While there have been fears the City may lose its place as the dominant European financial market, commentator Ben Wright suggests the UK remains the destination for clearing houses. A clearinghouse is an intermediary between a buyer and a seller in a financial market. The clearinghouse validates the transaction between the two and ensures that …

The program is aimed at small and medium-sized tourism businesses with turnover between £ 50,000 and £ 100,000. Covid’s Business and Financial Planning Support Program will provide successful applicants with advice and mentoring assistance to develop turnaround plans. This program is one in a series of initiatives launched by Tourism NI this year to help …