Business Irish

Saturday 20 January 2018

What it says in the papers: business pages

Here's a look at what it says in the business pages of today's newspapers:

Irish Independent

  • The Irish fishing industry is facing a “fundamental threat“ from Brexit as the industry in the UK seeks to “pull up the drawbridge” once Britain leaves the EU.
  • Government backed lender Microfinance Ireland provided almost 400 loans to businesses last year totalling €5.4m.
  • A US judge has ordered Google to comply with search warrants seeking emails stored outside the United States.
  • Lloyds will pay out more in bonuses than rival Bank of Scotland for the first time since the financial crisis hit, underscoring the contrasting fortunes of the two lenders.
  • Office construction in Dublin jumped tenfold last year, according to property firm HWBC.
  • Centra sales rose by 3pc to €1.59bn last year. The company is to open 20 new stores in the year ahead.
  • KBC bank is to reveal its plans for its Irish operations when it announces results later this week.

Irish Times

  • Chinese investment in Ireland surged from€9.3m to €2.7bn in 2016, according to a study by international law firm Baker McKenzie
  • New tax rules governing the employment of foreign workers in Ireland could scare off companies looking to locate here.
  • There was a worrying decline in retail sales in December as Brexit, online shopping and a weak pound hit shops over the period, according to Retail Ireland.
  • German chancellor Wolfgang Schauble wants to keep Britain “close”, adding that the City of London offered financial services that could benefit Europe as a whole.
  • A case with massive implication for the privacy of EU citizens is set to open in the commercial division if the High Court today.

 

Irish Examiner

  • A Brexit border deal is “ not legally possible” , according to customs legal experts.
  • The EU has not revealed how it will balance the books once the UK exits the bloc.
  • This year will be a crucial year for Ireland’s renewable energy sector as the Government struggles to meet targets before 2020.
  • The government of the United Arab Emirates has approved a new visa system aimed at attracting top talent in the areas of science, medicine and research.
  • Ireland will have to work “ like never before” to combat increasing economic protectionism.

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