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PM Group opens office in Turkey

PM Group has expanded its network of offices to Ankara. The Irish engineering company is seeking to tap Turkey's growing economy, which is expanding more quickly than most European countries.

The new office, which was opened by Foreign Minister Eamon Gilmore yesterday, was set up after the company won projects worth more than €20m in Turkey. PM Group employs more than 1,800 people across Europe, Asia and the US.

MasterCard in competition quiz

The EU Commission has opened formal proceedings to investigate whether MasterCard may be hindering competition in the European Economic Area with regard to payment cards, in breach of EU antitrust rules.

It has concerns that some of MasterCard's inter-bank fees and related practices may be anti-competitive. Payment cards are of crucial importance across the EU internal market, in particular for purchases across borders or over the internet. European consumers and businesses are making more than 40pc of their non-cash payments per year by card.

KPMG partner fired over leak

KPMG said it fired the partner overseeing its Los Angeles audit practice after learning that the person leaked confidential client information to a third party who used it to make stock trades.

The stock trades involved several US west coast companies, according to KPMG.

Talksport renews broadcasting deal

UTV Media's radio station Talksport has renewed its exclusive national audio broadcasting rights for two Premier League packages for the next three football seasons starting 2013/2014.

Talksport will be exclusive audio rights holder for Sunday fixtures before 4pm and Saturday evening matches throughout the UK.

Ex-HBOS chief to give up knighthood

Former HBOS chief executive James Crosby said he will relinquish his knighthood and forfeit part of his pension after lawmakers criticised his leadership of the bailed-out lender. He will give up 30pc of his £580,000 (€650,000) pension and the title.

"It's the right way to do it, that he should voluntarily give up his knighthood," said Paul Moore, who was fired as HBOS head of risk in 2004 for warning the bank's bosses that its growth plans could threaten its stability.

Irish Independent