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World

World

BT boss warns it would take more than 10 years to remove Hauwei from network

The boss of BT has warned that it would be "impossible" to strip Huawei products out of the UK's telecommunications network within the next decade.

World

European stocks gain, spurred on by cyclical rally

European shares rose on Monday, with cyclical sectors leading gains as investors hoped the upcoming earnings season will feed into signs of an economic recovery from the coronavirus-induced downturn.

An increasing amount of people are now working remotely

Irish Premium

Multinationals face tax hit after exodus of overseas staff

Irish-based tech giants whose non-Irish employees returned home to work remotely when the Covid-19 pandemic hit are now exposed, along with their employees, to significant tax, immigration and social security implications, it has emerged.

Irish

Irish fintechs need smart plan to crack New York

The chief executive of a top US software sales house has warned Irish fintech companies to follow their international peers and engage with a selling process, rather than making the move to New York themselves.

European Council president Charles Michel. Photo: Reuters

Brexit

EU's €5bn plan to ease the financial pain of Brexit

Ireland could benefit from a share of a new €5bn EU fund to ease the effects of Brexit.

A campaign sign for U.S. President Donald Trump sits beside a Confederate flag bearing the words "I ain't coming down" in the backyard of a home in Sandston, Virginia, U.S., July 4, 2020. REUTERS/Kevin Lamarque

In The Workplace Premium

Gina London Opinion A necessary conversation on colour, culture and country

Without fanfare, the New York Times announced this past week it decided to capitalise the "B" in the word Black when signifying "people and cultures of African origin".

Goodbody managing director Roy Barrett. Photo: Sportsfile

Irish Premium

Samantha McCaughren Opinion What next for Goodbody after second failed Chinese deal?

That a deal should fall through during a pandemic is not a huge surprise. But that Goodbody's sale to a Chinese buyer has fallen through for a second time is something of an embarrassment to executives at the firm in any circumstances.

The New York IPO priced Poseida at $16 (€14.15) for each of 14 million shares being issued. It raised $224m gross before deducting the considerable costs of listing. Photo: Stock Image

World

Poseida nets €181m in flotation on Nasdaq

Biopharma firm Poseida Therapeutics raised more than $204m (€181m) as it floated on the Nasdaq Global Select Market yesterday.

World

Hail Mario: Pope appoints Draghi to Vatican body

Former European Central Bank (ECB) chief Mario Draghi has been appointed a member of the Pontifical Academy of Social Sciences by Pope Francis, the Vatican said yesterday.

The Central Bank of Ireland in March approved Bank of China’s bid. Stock picture

Irish

Goodbody's €155m sale to the Bank of China is 'terminated' by Covid-19

The planned €155m sale of Goodbody to the Bank of China has collapsed because of Covid-19 disruption, according to the stockbroker.

Digicel appoints new CEO for Caribbean and Central America operations

Oliver Coughlan has been appointed CEO of Digicel’s operations in the Caribbean and Central America.

Google's platforms will provide $19m, or $3 out of every $4 that the misinformation sites get in ad revenue

Covid conspiracy sites to net $25m from ads

Digital advertising platforms run by Google, Amazon.com and other tech companies will funnel at least $25m (€22m) to websites spreading misinformation about Covid-19 this year, according to a study released yesterday.

Journey’s end?: Weekend breaks to the likes of Prague must end says Green MEP Ciaran Cuffe

Premium

Phase out short-haul flights, Green MEP Cuffe demands

Airlines have to radically change their operational models by phasing out short-haul flights where alternatives such as rail are available, according to Green MEP Ciaran Cuffe.

Times change: Presidents Donald Trump and Xi Jinping shake hands in the Great Hall of the People in Beijing, China in November 2017

Premium

Enda Curran Opinion US-China 'ice age' throws deepening chill across the world from Hong Kong

The US-China rivalry is shifting into new and unpredictable areas, engulfing everything from a popular video app to Hong Kong's status as a global financial hub.

Boohoo launches independent review of UK supply chain

Online fashion retailer Boohoo said it was launching an independent review of its supply chain in Britain, led by a senior lawyer, following a media report about dire working conditions in one English factory that has hammered its shares.

Passenger slump: A traveller uses a United Airlines kiosk at San Francisco International Airport. Photo: David Paul Morris/Bloomberg

US air carriers signal intent to avail of $25bn federal loans

The largest US air carriers have all signed letters of intent on federal loans to help them weather the novel coronavirus, with United Airlines warning employees that a surge in outbreaks was hitting bookings, threatening a travel rebound.

Mistake: Deutsche Bank did business with Jeffrey Epstein despite knowing of his past

Deutsche Bank fined $150m over its Epstein 'compliance failures'

Deutsche Bank has admitted it made a "critical mistake" by taking on the registered sex offender Jeffrey Epstein as a client, and agreed to pay a $150m (€132.7m) fine to settle New York charges over its dealings with the late financier and two other banks.