Debenhams has announced that none of its 11 Irish stores will reopen after the COVID-19 crisis as the company goes into liquidation.

This will result in almost 2,000 jobs being lost, according to the Mandate Trade Union.

Ian Guider, markets editor of the Business Post, joined us for our daily business update to discuss this and the day's other stories, including:

• Chambers Ireland members expect a huge fall in revenues
• COVID-19 unemployment payments now estimated to cost €5 billion over three months

Listen to the interview in full by pressing the play button on this page.