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€6.9m in funds for research projects

THE Government will invest €6.9m in 62 research projects, including studies on 'big data' and genetically modified crops.

The funding is being provided through Science Foundation Ireland. Research and Innovation Minister Sean Sherlock says the awards will release vital funding to allow development of inventions with commercial potential.

O'SULLIVAN JOINS DAA AS DIRECTOR

TRANSPORT Minister Leo Varadkar has appointed Ann-Marie O'Sullivan as a director of the Dublin Airport Authority (DAA).

Also a director of H+A Marketing and PR in Cork, she's replacing former foreign minister Gerard Collins.

NEW COURSES ON FINANCIAL PLANNING

NATIONAL College of Ireland is launching a new set of courses as an alternative to the Qualified Financial Adviser certification.

In September, it will begin offering a Certificate in Personal Financial Planning designed to meet Central Bank minimum competency code requirements, a Diploma in Personal Financial Planning, accessible to QFA graduates who want to upgrade, and a Certificate in Personal Insolvency Practice.

LINDERS APPOINTED AS SIMI PRESIDENT

PAUL Linders has been appointed as the new president of the Society of the Irish Motor Industry.

"The motor industry directly collects over one-eighth of the total tax take of this country. We must ensure that our representatives in Government realise the impact of our success or failure on the health of the exchequer," he told the society's 60th AGM.

TESCO BONUSES BASED ON PROFITS

Tesco senior managers will only receive an annual bonus if they manage to reverse the grocer's declining profit.

Chief executive Philip Clarke and his team missed out on a bonus and other incentives last year as profit fell for the first time in two decades.

US RETAILERS SUE CREDIT CARD FIRMS

US retailers including Macys and Target have sued Visa and MasterCard, breaking off from a proposed $7.2bn settlement reached last year over fees based on the processing of credit card transactions.

That settlement would have ended litigation on behalf of merchants that accused Visa and MasterCard of inflating swipe card fees.

Irish Independent