Banks eye Laya, small businesses unhappy and China’s economic outlook – The Irish Times

Featured Sponsor

Store	Link	Sample Product
UK Artful Impressions	Premiere Etsy Store

Keep up to date with all our business news: register on our business today Daily digest of news by email.

Bank of Ireland and AIBIt is expected that , the two pillars of the Republic, will be among the parties that govern Laya Healthcare, which has been put on the market for up to 200 million euros, according to bank sources. The process, which has yet to be formally launched, is likely to attract interest from life and P&C insurance companies operating in the market, industry watchers also said. Joe Brennan has the details

Three years of zero-Covid during which China effectively cut itself off from the world and rising geopolitical tensions have reinforced the anxiety of some foreign companies about Beijing’s approach to business under President Xi Jinping, writes Denis Staunton from Beijing. The Communist Party has insisted in recent weeks on stressing the importance of the private sector and saying it will not repeat the attack on business figures like Alibaba founder Jack Ma, who recently reappeared in public in mainland China after a long absence.

In its any other business column John Burns sees stock market problems on his radar, tries to guess Ryanair’s Boeing discount, and discovers that the RTÉplayer is now, well, a player.

Two thirds of small businesses says the government has little understanding of their needs when setting policies that affect business, according to a survey conducted for nonbank lender Grid Finance, writes Joe Brennan. Four in five of those surveyed said that it is becoming more difficult to keep their business running, with many raising concerns about the upcoming automatic pension enrollment scheme, which the Government intends to introduce next year, new leave rules for employer-paid sick leave, and how to green your business.

barretstown, the children’s charity, has appointed prominent businesswoman Anne Heraty as chair of its board. The founder and former chief executive of the listed recruiting group CPL has been a director of the charity, which cares for children living with serious illnesses and their families through what he calls “therapeutic recreation,” since 2019.

“I grew up in Ballymun and I am very proud of it. Many successful people in life are from there,” says Stephen Place, who runs a high-end concierge service in Malta. Wild goose.

The modern type of run on the bank, which occurs on the Internet over minutes rather than days, requires central banks to have quick new ways to organize their response, and quick ways to distinguish between which banks should be saved and which should be allowed to go under. , writes John FitzGerald in his weekly column. Another risk is that false news, spread on social networks, could end a solvent bank.

Those in the early stages of their career often wonder how long it will take to get to the top and what is the best way to get there, writes Olive Keogh in Work world. For Eileen Treanor, COO and CFO of California-based space technology company LeoLabs, it took a solid degree in accounting and finance as a foundation, an MBA to broaden her knowledge of business practices, and more than 20 years of experience. job. she for nine companies in different sectors while she led her career from accounting and finance to operations and senior management.

Cork businessman Norman Crowley has signed an agreement with a leading global mining company to convert some 8,500 diesel mining trucks into electric vehicles over the next three years, much of this work to be carried out on sites in the Republic. speaking to our internal business podcast, Crowley said his company, Cool Planet Group, would carry out some of the work on a new factory it has just completed in Powerscourt, County Wicklow. He said that the contract was valued at around 50 million euros.

And finally, meet The Irish Times Entrepreneurs of the MonthPat Rigney and Denise Rigney, co-founders of Shed Distillery.