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Ireland's premier news website providing news and sports reports.



 



Alibaba heads to Olympic Games podium

Fri, 20 Jan 2017 12:00:00 GMT

Alibaba has struck a deal to become a lead sponsor of the Olympic Games through 2028, betting that greater exposure to a global audience will help it reach consumers and promote its cloud computing business.

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Luring Brexit bankers may pivot on school costs

Fri, 20 Jan 2017 12:00:00 GMT

The future of bankers in Brexit Britain may be decided in the classroom, not just the boardroom.

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It’s a big week for the world and there is no place to hide any more

Fri, 20 Jan 2017 12:00:00 GMT

This is a big, big week for the global economy and international geopolitics.

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Weak UK homes market

Fri, 20 Jan 2017 12:00:00 GMT

Britain’s housing market had its weakest month since just after June’s Brexit vote in December as house price growth slowed and the number of homes sold fell slightly, a survey of property valuers showed yesterday.

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Golden Pages firm returns to black on business model

Fri, 20 Jan 2017 12:00:00 GMT

The firm that publishes the Golden Pages returned to profit in 2015 to record pre-tax profits of €2.43m.

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Premiums, rents, and education costs soar

Fri, 20 Jan 2017 12:00:00 GMT

Car insurance, rents, and education have posted the largest price gains since 2012, official figures published yesterday showed.

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Billions the UK owes EU a ‘bear trap’ for Ireland

Fri, 20 Jan 2017 12:00:00 GMT

The tens of billions of euro the UK owes the EU is a huge “bear trap” for a successful trade negotiation that will be good for Ireland, one of the country’s leading experts on Brexit has warned.

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Financial Services Union ‘concern’ on AIB sale as 5.5% pay deal agreed

Fri, 20 Jan 2017 12:00:00 GMT

The Financial Services Union (FSU) said the proposed sale by the Government of a stake in AIB was a matter of “concern” as the union said it would recommend its members vote to accept an average pay rise of 5.5% over two years at the State-owned lender.

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Mario Draghi to Germany: ‘Just be patient’ on eurozone prices

Fri, 20 Jan 2017 12:00:00 GMT

Mario Draghi called on Germany to be calm as the ECB keeps pumping stimulus into the eurozone, saying rising inflation will eventually bring higher interest rates for savers.

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Theresa May strikes conciliatory tone to keep lenders

Fri, 20 Jan 2017 12:00:00 GMT

Theresa May insisted she valued the contribution that banks make to Britain’s economy, even as they signalled they were packing their bags in response to Brexit.

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€10m investment at Cork distillery

Fri, 20 Jan 2017 12:00:00 GMT

A €10.5m investment in Midleton Distillery will help grow the industry for the next 30 years, according to owner Irish Distillers Pernod Ricard.

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Overwhelmed Pearson to sell Penguin Random House to raise cash

Thu, 19 Jan 2017 12:00:00 GMT

The crisis engulfing Pearson deepened after the education company cut its profit forecast and predicted years of gloom in the US market, forcing it to slash its dividend and put its stake in the famous Penguin Random House book business up for sale to raise cash.

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Irish property firms could tap Brexit fallout as value of sterling falls again

Thu, 19 Jan 2017 12:00:00 GMT

Sterling yesterday surrendered most of the ground it had gained after Theresa May outlined her hard Brexit vision for Britain on Tuesday, as investors looked to Irish property stocks as potential winners from the UK’s rupture with Brussels.

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Ireland’s recovery ‘offers no template for others’

Thu, 19 Jan 2017 12:00:00 GMT

The “cataclysmic” Irish banking collapse and the subsequent economic recovery will fail to offer a template for other countries to clear up similar financial messes, according to the editors of a new book.

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British pub chain JD Wetherspoon eyes Irish regions

Thu, 19 Jan 2017 12:00:00 GMT

British pub group JD Wetherspoon said it remains hopeful it will be granted permission to open new bars at Abbey Street and Camden Street in Dublin, as well as developing two more sites in Carlow and Waterford.

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Comment: Getting a grip on pay awards

Thu, 19 Jan 2017 12:00:00 GMT

Much has been written in the last week about TK Whitaker, who died this month and who is recognised by many as a major architect of the modern Irish economy.

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Comment: Getting a grip on pay awards

Thu, 19 Jan 2017 12:00:00 GMT

Much has been written in the last week about TK Whitaker, who died this month and who is recognised by many as a major architect of the modern Irish economy.

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Most Irish firms ‘playing catch-up’ on cyber attacks

Thu, 19 Jan 2017 12:00:00 GMT

Most Irish businesses have now been victims of cyber attacks, with incidents increasing dramatically in the past three years, a survey has found.

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Profits at Athlone and Galway hotels group up 4%

Thu, 19 Jan 2017 12:00:00 GMT

Pre-tax profits at the four-star Hodson Bay Hotel Group increased 4% to €1.86m last year.

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World Economic Forum delegates concerned by rise of populist politics

Thu, 19 Jan 2017 12:00:00 GMT

The great and the good of Davos agree they have a problem with populism. Finding a solution is the hard part.

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Dubai home prices ‘to fall’

Wed, 18 Jan 2017 12:00:00 GMT

Dubai home prices are set for another year of decline with supply outstripping demand even as developers delay the completion of properties, according to real estate adviser CBRE.

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Rolls Royce shares up 7% as probe settled

Wed, 18 Jan 2017 12:00:00 GMT

Shares in Rolls-Royce jumped up to 7% yesterday after the British maker of engines for planes and ships settled a long-running bribery probe and said that 2016 profit would beat expectations.

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Global investors upbeat but Irish bosses are worried

Wed, 18 Jan 2017 12:00:00 GMT

Global investors are upbeat, if cautious, about 2017 but Irish business confidence is at its second lowest since 2012, separate surveys have found.

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To fix health, we have to treat it as a growth industry

Wed, 18 Jan 2017 12:00:00 GMT

The ageing of the population in Ireland and other parts of the western world is being brought in to sharp relief by the health crises unfolding within both the UK’s National Health Service (NHS) and the Irish Health Service Executive (HSE).

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To fix health, we have to treat it as a growth industry

Wed, 18 Jan 2017 12:00:00 GMT

The ageing of the population in Ireland and other parts of the western world is being brought in to sharp relief by the health crises unfolding within both the UK’s National Health Service (NHS) and the Irish Health Service Executive (HSE).

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Comment: Banks in no rush for break

Wed, 18 Jan 2017 12:00:00 GMT

Davos may be cold, but it looks like a more comfortable home for bankers than London.

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Tullow Oil shares little changed as ‘exciting’ Kenyan discovery unveiled

Wed, 18 Jan 2017 12:00:00 GMT

Shares in Tullow Oil remained largely unchanged yesterday as the company announced what it described as an “exciting discovery” in Kenya.

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Renault gains on VW as European car sales surge

Wed, 18 Jan 2017 12:00:00 GMT

European car sales rose to a nine-year high in 2016, with French company Renault taking advantage of recovering demand and Volkswagen’s tarnished reputation to leap to second place from third in th e region.

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British American Tobacco clinches $49bn deal for Camel’s maker firm

Wed, 18 Jan 2017 12:00:00 GMT

British American Tobacco reached agreement to buy full control of Reynolds American with a sweetened $49.4bn (€46.3bn) offer, bringing a successful end to almost three months of bartering with the maker of Camel cigarettes.

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Exporters hit as business flays UK’s Brexit plan

Wed, 18 Jan 2017 12:00:00 GMT

Irish-owned firms which employ large numbers of people are being hit by the slump in sterling, the latest trade figures suggest.

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