Business – Page 27 – Irish Examiner USA

July 30, 2020 No Responses

US Economy Shrinks By Over 30% In Second Quarter

The US economy shrank at a dizzying 32.9 per cent annual rate in the second quarter – by far the worst quarterly plunge ever. The coronavirus outbreak has shut down businesses, throwing tens of millions of people out of work...

July 30, 2020 No Responses

German Economy Plunges By Over 10% During Coronavirus Lockdowns

Germany’s economy took a massive hit during the pandemic shutdowns. Output shrank by 10.1% during the April-June period from the previous quarter, the country’s official statistics agency said. It was the biggest drop since quarterly growth statistics bega...

July 29, 2020 No Responses

Heathrow Airport Operator Demands End To ‘Quarantine Roulette’

The operator of Heathrow airport has urged the UK government to stop imposing “quarantine roulette” on travelers as it announced a pre-tax loss of £1.1 billion (€1.2 billion) in the first six months of the year. Chief executive John Holland-Kaye...

July 28, 2020 No Responses

Next Year’s CES Tech Show To Be Held Online Say Organizers

CES, one of the world’s biggest technology conferences, will be a virtual event in January due to the coronavirus pandemic. The announcement is a reversal from May when organizers said it would go on as a smaller gathering in Las...

July 28, 2020 No Responses

Google Employees To Work From Home Until Next Summer

Google staff will be able to work from home until next summer, the technology giant has confirmed, as part of its ongoing response to the coronavirus pandemic. The firm’s employees, including several thousand in Ireland, have been working remotely since...

July 27, 2020 No Responses

Past Quarter Was ‘The Most Challenging In Ryanair’s 35-Year History’

Ryanair suffered the “most challenging” quarter in its 35-year history as it reported a loss of €185 million. The low-cost airline, like its competitors, was forced to ground its fleet as Covid-19 wreaked havoc on timetables with travel bans and...

July 21, 2020 No Responses

Central Bank Reports More Than 10% Of SMEs Have Ceased Trading

More than one in 10 Irish SMEs have ceased trading temporarily or permanently as a result of Covid-19, a Central Bank report has found. The SME Market Report 2020 highlights the challenges faced by firms during the coronavirus pandemic. The...

July 17, 2020 No Responses

Vodaphone Says Their Network Will Be 100% Powered By Renewables By July 2021

Mobile giant Vodafone has said its European network will be powered by 100% renewable electricity by no later than July 2021. The network provider said it has “accelerated” its shift towards green electricity as it committed to use only wind,...

July 16, 2020 No Responses

Demand For Flights May Not Fully Recover Until 2024

Demand for air travel will take longer to return to pre-pandemic levels than initially expected, according to the latest industry forecast. Trade body ACI Europe, which represents European airports, said it does not expect passenger numbers to recover until 20...

July 16, 2020 No Responses

Eason Announces Closure Of All Its Retail Stores In The North

Book and stationery retailer Eason has told employees it will not be reopening its stores in Northern Ireland. The company’s seven shops in the region – employing 144 staff – have been closed since March due to the coronavirus pandemic....

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