Venture

Deal to avoid compulsory EasyJet pilot redundancies

727 EasyJet pilots were at risk of redundancy, but BALPA said that 60 would leave voluntarily and 1,500 had opted for part-time work A deal has been agreed to avoid compulsory job losses among pilots at airline EasyJet, their union has announced. The British Airline Pilots Association (Balpa) said there had been a breakthrough in negotiations following months of talks ...

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Why going to the GP may never be the same again

Virtual consultations services are in high demand as a result of the pandemic By Gill Stedman Many things have changed as a result of the Covid-19 pandemic, including how we receive healthcare.  Now that we can no longer pop into our GP clinic at the drop of a hat, we're relying on virtual services more than ever.  While telemedicine has ...

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Makhlouf: Nothing stopping banks giving payment breaks

Gabriel Makhlouf was speaking on RTÉ's Brendan O'Connor programme (file pic) The Governor of the Central Bank has said that there is nothing in the system stopping banks from putting further payment breaks in place for borrowers who have been impacted by Covid-19. After the end of September, banks will no longer be offering any more payment breaks which were ...

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737 MAX could get EU clearance by end of year

The Boeing 737 MAX has been grounded since early 2019, following its involvement in two fatal crashes Boeing's troubled 737 MAX airliner, grounded for 18 months after two deadly accidents, could receive certification to fly again in Europe "by the end of the year", the EU's air safety chief has said. Months after the crash of a Lion Air 737 ...

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Banks urged to show sensitivity on payment breaks

Paschal Donohoe said he would be asking the lenders to work hard to deal with customers on a case by case basis (Photo: RollingNews.ie) The Minister for Finance has said he will be asking the chief executives of the main banks here to demonstrate sensitivity and understanding to those whose loan and mortgage breaks are coming to an end. Paschal Donohoe ...

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Payment breaks may need to be extended – ECB’s Enria

With mortgage and loan payment breaks due to expire over the next few days, the man responsible for leading the supervision of banks across Europe has said financial institutions may have to consider extending breaks to their customers. Andrea Enria, Chair of the Supervisory Board of the European Central Bank, said such breaks have been an essential element in the ...

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KBC Bank Ireland fined €18.3m for tracker failures

The Central Bank said KBC had been responsible for 'serious failings' that affected the holders of 3,741 customer accounts between June 2008 and October 2019 By Will Goodbody Business Editor The Central Bank has fined KBC Bank Ireland more than €18.3m and reprimanded it over its role in the tracker mortgage controversy following an investigation into its conduct.  The regulator ...

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Tánaiste concerned about future travel connectivity

The Tánaiste said the Government does want to get people flying again The Tánaiste has said he is genuinely worried about the impact that the Covid-19 pandemic will have on Ireland’s aviation connectivity into the future. Leo Varadkar also said the Government does want to get people flying again, even though people may sometimes not believe it. Addressing a webcast ...

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Living wage to remain unchanged for coming year

The difference between the Living Wage and current national minimum wage is €2.20 per hour The Living Wage rate is to remain unchanged at €12.30 per hour for the coming year, following fresh calculations. The change to the rate is determined by the fluctuation of living costs and taxation. It is calculated by the Living Wage Technical Group (LWTG), which ...

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Ireland ‘will not be a winner’ from global tax reform

Pascal Saint-Amans said bigger countries will benefit more from the proposed tax reforms than smaller countries like Ireland Ireland will not be a winner from the proposed reform of the global digital and corporation tax system, the man leading the process at the Organisation for Economic Co-operation and Development (OECD) has said. Pascal Saint-Amans told an Institute of International and ...

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