Business World

Friday 24 February 2017

Dublin-Dubai route capacity to rise 50pc

AVIATION

Dubai-based airline Emirates is boosting capacity on its Dublin service from July by about 50pc. The airline only launched its Dubai-Dublin route this month but said it was one of its most successful route launches ever. The airline added that the level of demand is prompting it to introduce a larger aircraft to service the route from summer. Emirates said its Dublin-Dubai route was currently recording 90pc load factors on many flights.

Ireland is 'most globalised' in west

SURVEY

IRELAND is the most "globalised" western nation and the second most open economy anywhere, according to new research from Ernst & Young and the Economist Intelligence Unit. Ernst & Young's Globalisation Index ranks countries according to openness to global trade, capital movements, exchange of technology, labour movements and cultural integration. Hong Kong, Ireland, Singapore, Belgium, Sweden are the most globalised economies, it said.

WTO upholds ruling on Chinese exports

TRADE

The World Trade Organisation (WTO) has upheld its ruling that Chinese restrictions on key raw material exports broke trade rules. The decision came after a Chinese appeal. China must bring its duty and export quota measures on elements including magnesium and zinc into line with its WTO obligations, an appeal body said. The ruling applies to bauxite, coking coal, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus and zinc -- many of them vital to the chemical and metal industries for producing items such as medicines, fridges and juice cans.

€22.4m awarded to research centre Lero

INVESTMENT

The Science Foundation Ireland (SFI) and technology giants including IBM and Intel have awarded €22.4m in funding to Lero, the Irish software engineering research centre based at the University of Limerick. SFI will contribute €16m and industry €6.4m. The firms contributing to the industry investment include IBM, Intel, Information Mosaic, JBA Consulting, QAD Ireland and Fineos. Lero has a team of 170 researchers and PhD students.

Irish Independent

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