Wednesday 20 June 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

  • Up to €25m may have to be recovered from over 600 individuals who wrongly received tax benefits under the Employment and Incentive Investment Scheme.
  • Efforts by Galway businessman, Gerry Barrett, to refinance parts of his heavily indebted business and property empire are expected to come to a head this week.
  • Pre-tax profits at the company that operates Ireland West Airport Knock last year increased more than fivefold to €642,788.
  • SMBC Aviation Capital, the Dublin-headquartered aircraft leasing firm, is poised for a $1bn cash injection from its Japanese backers.

Irish Times

  • Home ownership levels continued to decline in Dublin and across the country in the first six months of the year, despite the introduction of the Help to Buy scheme in January 2017.
  • The Minister for Finance Paschal Donohoe will use an official trip to the US to lobby against Republican tax reform measures.
  • Theresa May and Jeremy Corbyn woo business in the face of Brexit warnings at the CBI annual conference yesterday.
  • Artificial intelligence may “be the best or worst thing to ever happen to humanity”, scientist Stephen Hawking told an audience of 60,000 techies at the Web Summit on Monday.

Irish Examiner

  • Chipmaker Qualcomm has attracted a mega bid that values the giant chip maker at $103bn (€89bn), setting the stage for a major takeover battle that would rock the electronics industry.
  • Oil reached levels last seen more than two years ago as Saudi Arabian King Salman’s anti-corruption drive shook the world’s biggest crude exporter.

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