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Ireland financial


The state’s biggest money lender is to write off the debts of all of its borrowers in an unprecedented move. rovident is closing its doors here and has decided that anyone who owes him money will have their debts wiped out. It is believed to be the first time that there has been a massive …

The pandemic has meant that we are getting used to the unprecedented. It has turned our world upside down, and the latest shock is seeing a financial institution cancel all loan money owed to it by its customers. Money lender Provident has surprised in a good way with its decision to write off borrower debts …

Industry Correspondent Ireland’s public debt will amount to nearly a quarter of a trillion euros by the end of the year, said Finance Minister Paschal Donohoe. Addressing the National Economic Dialogue – which involves senior government officials, employers, labor unions and social campaign groups – he said the government must end its expansionary fiscal policy …

Almost a third of UK companies that trade with the EU have experienced a decline or loss of activity since post-Brexit rules took effect on January 1, according to a survey conducted for the Financial Times. The survey, carried out by the Institute of Directors, also found that 17% of UK companies that previously negotiated …

Huge public spending on Covid-19 will soon be cut, according to a warning the government will issue next week to unions and employers. He also indicates that with the recovery of the private sector which is accelerating, it is necessary to reduce public support in order not to overheat the economy. According to Irish weather, …

Warren Buffett’s Berkshire Hathaway invested an additional 40 million euros in his Dublin-based European insurance company in February to boost its capital levels, according to the accounts just filed. The financing was provided by new shares and increased its share capital to 176 million euros. The accounts also note that the Nebraska-based parent company invested …

The Crown Estate added £ 1billion to its portfolio value over the past year thanks to an offshore wind boom, the clearest indication yet that the monarch’s real estate company is expected to benefit significantly in the UK’s green energy transition. The estate operates shops in central London, one of the country’s largest land portfolios, …

More than 15 months of Covid-19 losses and wiped out profits have cost Aer Lingus around € 1 billion, its chief executive Lynne Embleton estimated on Tuesday. Speaking to the Oireachtas Transport and Communications Committee, Ms Embleton pointed out that Aer Lingus continued to lose € 1 million a day to government travel restrictions in …

Asia-Pacific stocks surged after a rebound on Wall Street and oil hit its highest level in two years as investors reassured by signals the Federal Reserve would continue to support the economic recovery after the coronavirus pandemic . In early trading in the region on Tuesday, the Japanese Topix rose 2.4% and the Australian S …

A predominantly state-funded company set up to fight poverty in Galway made payments to contractors without receiving invoices, broke public procurement rules and did not keep regular books, according to an internal audit. The auditors found that the Galway City Partnership’s accounting system “may not be fit for purpose” and identified several weaknesses, which they …