Tánaiste Simon Coveney will bring a memo to Cabinet today on Brexit which maps out how the Government should deal with the continuing uncertainty surrounding the UK's future trading relationship with the European Union. It is understood the memo states the Government does not believe British Prime Minister Boris Johnson will seek to extend the Brexit transition period, and therefore Ireland should prepare for either a limited trade deal, or a no-deal scenario, by the end of the year. | Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years. The car industry is in an existential crisis from the coronavirus pandemic, which has seen sales plunge.mRenault is expected to cut 4,500 jobs in France, though largely through a voluntary departure plan and a retirement scheme. The overall cuts affect just under 10% of Renault's 180,000 global workforce. | Volkswagen has agreed to invest €2.1 billion in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in. VW said it will invest €1 billion to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%. | Fraudsters may have accessed thousands of taxpayers' Revenue accounts using information provided by them unwittingly. Revenue has written to around 3,000 taxpayers advising them that their myAccount may have been accessed as part of a scam which was sent via text message. Revenue's Chief Information Officer, John Barron, explained that Revenue constantly monitors for suspect online activity on all its services and takes action as soon as such activity comes to light. | Minister for Employment Affairs and Social Protection Regina Doherty has told the Dáil she will bring forward proposals for some changes to the Covid-19 Pandemic Unemployment Payment within the next week or so. She said that the Government is reviewing the nature of the payment. Ms Doherty reiterated that the Pandemic Unemployment Payment and the Temporary Wage Subsidy Scheme will be extended beyond the original June end date. | Paddy Power Betfair parent Flutter Entertainment says it intends to raise fresh equity through the placing of eight million shares as it looks to go on a deal spree and finance cost savings. In a statement the company said the placing would be available to new and existing eligible institutional investors. The firm is not guiding on how much it intends to raise through the exercise, which is being managed by Davy and Goldman Sachs, but it is expected it could generate up to €900m.   |||