Monday 20 November 2017

Ireland 'climbing technology table'

IRELAND is improving as a centre for technology and innovation but still lags behind the likes of the Nordics and Germany.

New statistics show Ireland is now one of the most innovative countries in the union and considered an "innovation follower" but remains some way from reaching the top level of innovators in Europe.

Ireland is ranked tenth, behind the likes of Britain and the Benelux countries but still above the EU average when it comes to efforts in R&D and patent applications.

EU Commissioner for research, innovation and science Maire Geoghegan-Quinn said innovation "should now be at the heart of all Member States' policy agendas". "We need to go further to avoid an innovation divide in Europe," she said.

Major Goldman stake for Buffett

BILLIONAIRE Warren Buffett will become one of Goldman Sachs' 10 largest shareholders essentially for free, after he and the bank amended a 2008 deal to exchange his potential profit on Goldman warrants for stock.

Under the 2008 deal, Buffett had held the right to acquire about 43.5 million shares at an exercise price of $115. Goldman shares rose 0.9pc to $147.43 yesteday.

'No gains tax on mortgage deals'

THE Revenue Commissioners have assured mortgage holders who get part of their mortgage debt written off that they will not be taxed on the gains.

The clarification comes after an accountancy body raised concerns that tax law may treat a mortgage write-down as a 'gift' – meaning it would become liable for capital acquisitions tax of 33pc, leaving households with a tax bill for thousands

Household credit down to €102bn

CREDIT to households was €102bn at end-December 2012, showing an annual decline of 3.4pc, according to the Central Bank.

Total deposits held in resident credit institutions by Irish private households was €87bn at the end of last year, an annual increase of 1pc.

Telegraph puts up website paywall

THE Daily Telegraph is to begin charging users in the UK to access its website. following other newspapers.

Under the plan, readers will get access to 20 articles a month for free. Anything over that however, will cost £1.99 a month. Access to the newspaper's tablet edition will cost £9.99 a month.

Irish Independent

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