Global Economy To Take $12trillion Hit From Coronavirus Lockdowns
June 24, 2020 No Responses

Global Economy To Take $12trillion Hit From Coronavirus Lockdowns

Global activity will take a hit of more than $12trillion from the coronavirus pandemic by the end of 2021, the International Monetary Fund (IMF) has warned. In an update to its already grim set of forecasts in April, the IMF...
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British Government Will Lay Out Detailed Brexit Plans For Northern Businesses In Summer
June 24, 2020 No Responses

British Government Will Lay Out Detailed Brexit Plans For Northern Businesses In Summer

The British Government “will be setting out more detailed plans for extensive HMRC support for NI businesses” in the summer, Northern Ireland Secretary Brandon Lewis has said, as he faced cross-party calls for clarity over Brexit trade arrangements. Tory c...
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BBC To Cut Up To 40 Jobs In The North
June 23, 2020 No Responses

BBC To Cut Up To 40 Jobs In The North

The BBC has announced that it is cutting more than 150 jobs in Scotland, Wales and Northern Ireland. BBC Scotland will axe 60 staff roles in an attempt to save £6.2m (€6.8m) by the end of March 2021. In Northern...
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EU Leaders Make Little Progress Towards Coronavirus Stimulus Plan
June 19, 2020 No Responses

EU Leaders Make Little Progress Towards Coronavirus Stimulus Plan

The European Central Bank’s chief warned that the European Union’s economy was in a “dramatic fall” due to the coronavirus crisis but EU leaders made little progress yesterday towards agreeing a massive stimulus plan. Christine Lagarde ...
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No Difference In Trade Between North And Rest Of UK After Brexit Say Ministers
June 18, 2020 No Responses

No Difference In Trade Between North And Rest Of UK After Brexit Say Ministers

Businesses in Northern Ireland will not see any difference in trade with the rest of the UK after the Brexit transition period finishes, British Cabinet ministers have insisted. Chancellor of the Duchy of Lancaster Michael Gove and Northern Ireland Secretary.....
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IFAC Warns That The Economy Could Take Three Years To Recover From Pandemic
June 16, 2020 No Responses

IFAC Warns That The Economy Could Take Three Years To Recover From Pandemic

It could take up to three years for Ireland’s economy to return to pre-crisis levels of activity, the Dáil has heard. Sebastian Barnes, acting chairman of the Irish Fiscal Advisory Council, said the health crisis will have a lasting effect...
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Eager Shoppers Queue For Up To Three Hours At Reopened Penneys Stores
June 12, 2020 No Responses

Eager Shoppers Queue For Up To Three Hours At Reopened Penneys Stores

Penneys shoppers queued for more than three hours to grab clothes, shoes and bottles of fake tan as 16 of its stores reopened. Eager shoppers arrived in their droves to stock up on items some 12 weeks after the store...
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More Airlines Join Legal Action Against UK’s ‘Flawed’ Quarantine
June 12, 2020 No Responses

More Airlines Join Legal Action Against UK’s ‘Flawed’ Quarantine

British Airways, easyJet and Ryanair have launched legal action against the UK government’s “flawed” 14-day quarantine policy. The airlines announced they have asked for a judicial review to be heard “as soon as possible”, claiming the measures intro...
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More Than 600 Jobs Likely To Be Lost At Belfast’s Bombardier Plant
June 11, 2020 No Responses

More Than 600 Jobs Likely To Be Lost At Belfast’s Bombardier Plant

More than 600 jobs are set to be lost at Bombardier’s aircraft manufacturing plant in Belfast amid the severe downturn in the aviation industry. The planned redundancies include around 400 core staff members and 200-plus contractors that also work at...
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Cunard Cancels All Sailings Until November
June 9, 2020 No Responses

Cunard Cancels All Sailings Until November

Cunard has extended the suspension of its cruise sailings until November due to the coronavirus pandemic. Simon Palethorpe, the president of the luxury British line, said the ability for people to move “freely and safely across borders remains seemingly some...
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