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Covid infection rates in three Irish cities spiked 15 days after wet pubs reopened in September, according to an EY study. The Sunday Times reports that infection rates in Cork, Galway and Limerick increased to three times the national average. There was no similar increase in Dublin, where wet pubs remained closed, the newspaper reports, saying the study was a factor in the decision not to open wet pubs before Christmas.
Meanwhile, Press Up co-founder Matt Ryan has written an emotional letter to the government on the prospect of a December without normal commerce at the group’s 57 outlets. The Business Post reports that the letter, sent last week after Nphet’s advice to only allow take-out services from pubs and restaurants, but before the cabinet’s decision to ease restrictions, said it was “sold out. They made me mush. I have committed suicide to keep going in any way I can to survive. “
The Sunday Independent reports that the building materials giant, CRH, has reimbursed all Covid-19 license support available to it around the world, including in Ireland. “I believe that companies have a role to play in society and we felt it was the right thing to do,” CEO Albert Manifold said in a call with analysts.
The Central Bank has put Irish real estate funds under surveillance amid concerns that an exodus of investors could trigger a liquidity crisis, adding further pressure to Ireland’s banking sector, writes the Sunday Times.
A sign of fragility in the commercial property sector comes in the Sunday Independent, with the news that the company that owns the outright stake in The Square Tallaght shopping center has identified “material uncertainty” around its ability to remain. in business for the foreseeable future as the debt matures over the next year.
The Sunday Times also writes that the real estate investor Dolphin Trust, in which up to 1,800 Irish investors put more than 100 million euros, may have operated as a Ponzi scheme with money from new investors that is used to pay those who leave the scheme. .
Also in The Independent, aviation veteran Ulick McEvaddy has written to the Chinese ambassador to Ireland warning that the “rescue” of China’s aviation leasing executive Richard O’Halloran is a “red flag” for Chinese companies. leasing that do business with China.
The Sunday Times also reports that the European Commission has begun to “lean” on Brexit negotiator Michel Barnier to strike a trade deal with Britain.
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