Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil’s 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement. Workers at a port terminal in Le Havre, northern France, which handles large volumes of imported petroleum products, also voted overwhelmingly […]
Read MoreIreland joins fellow EU countries in call for removal of barriers to data flows
Half of the European Union’s member states on Monday called for the removal of barriers to the free flow of data both within and outside the 28-nation bloc to ensure the continent can benefit from new data-driven technologies. In a letter to the European Commission and the Netherlands – which holds the rotating EU presidency […]
Read MoreInsurance giant Axa stubs out ties with tobacco industry
Axa, one of the largest insurance companies in the world, will stop investing in the tobacco industry, it has announced. The international firm which has more than 10 million customers in the UK has also pledged to sell investments worth more than €1.7bn. Incoming chief executive Thomas Buberl told the BBC it “makes no sense” […]
Read MoreExports would take years to recover from Brexit, S&P warns
Ireland is in the front line of countries that will be worst hit if the UK votes for a so-called Brexit. Recovery in the export sector could take years. That’s according to Jean Michel Six, S&P Global Rating’s chief economist for Europe, the Middle East and North Africa. However, a vote for the so-called remain […]
Read MoreHarvey Nash to create 100 jobs, open Galway office
Tech recruitment company Harvey Nash has announced the creation of 100 new jobs in Ireland over the next two years. The IT specialist firm said 40 of the new roles would be directly involved with Harvey Nash Ireland in the areas of recruitment and support services. The move was spurred by a growth in demand […]
Read MoreIrish financial offering isn’t geared up to reap a Brexit benefit, conference told
Ireland needs to ramp up its offering in terms of tax, education and the infrastructure around financial services to attract investment in the event of a Brexit, a conference heard yesterday. A British withdrawal from the EU will present opportunities for Ireland, Susan Dargan, the head of Financial Services Ireland (FSI), told the conference, organised […]
Read MoreNo question that Government gave Apple tax deal – Noonan
There is simply no question that the Irish authorities sought to give Apple any kind of special tax deal. That is according to Minister for Finance, Michael Noonan who has stated that “detailed and comprehensive responses have been provided to the EU Commission demonstrating that the appropriate amount of Irish tax was charged in accordance […]
Read More80pc of Irish directors fear Government isn’t ready for Brexit
Over 80pc of Irish directors and business leaders are concerned that the Irish government is not adequately prepared for a Brexit scenario, new research has shown. According to a survey by the Institute of Directors in Ireland, 92pc of directors are concerned about a UK exit from the EU with 87pc believing it will have […]
Read MoreMichael Noonan vows to pressure bank bosses to cut mortgage interest rates again
Michael Noonan says he will call in the heads of all of the main banks to apply pressure to cut mortgage interest rates again, but stood over claims a move to legally force down prices could be unconstitutional. Speaking ahead of a speech to an international banking conference in Dublin this afternoon, Michael Noonan said […]
Read MoreIrish debt agency sees financial silver lining from Brexit
NTMA says overall impact from UK leaving EU is negative The National Treasury Management Agency is highlighting to Irish bond investors that the country could seize opportunities, particularly in the financial sector, from a Brexit, even if the overall impact would be negative. “Following UK exit, some activity in London may be forced to move […]
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