News And Events Team

STOCKS SET FOR WORST DAY IN OVER 3 WEEKS ON SECOND VIRUS WAVE FEARS

Emerging market stocks were headed for their worst day in more than three weeks on Monday, due to concerns over a second wave of coronavirus infections and subdued industrial data from China. The MSCI's index of developing world stocks fell around 2%, extending losses from the prior week and on track for its worst session since May 22, while currencies retreated 0.4% as the dollar benefited from safe-haven demand.

• Britain introduces phased approach to border checks

  Britain will introduce border checks with the European Union in stages from Jan. 1, reversing an original plan so it can now give companies struggling with the coronavirus crisis more time to fill out forms and pay tariffs. The government said for the first six months of 2021 the new requirements would be introduced in stages, recognizing the impact of COVID-19 as companies prepare for new customs systems with Britain's biggest trading partner
• 2 September 2019

  46% of Irish firms now focused on planning for the future

  Irish firms are firmly focused on managing risk along the road to recovery with close to half of all businesses in Ireland currently planning for the future compared to just 18% who remain in crisis management mode. This is according to new research from the professional services firm Aon who surveyed 218 Irish business leaders between April 28th and May 1st. The survey indicates that businesses who diligently manage continuing volatility could see their shareholder value rise by as much as 20% in the year following the virus outbreak while those who fail to manage the COVID-19 pandemic and its impact on their business could see shareholder value depreciate by as much as 30% in the same period