Lower rates needed on Brexit loan scheme – FF

Fianna Fáil is pushing the Government to get the interest rate on money under the Brexit loan guarantee scheme for small and medium-sized businesses lowered, claiming it is still higher than in other European countries.   The Government officially launched its €300m loan scheme on Wednesday. The aim of the scheme is to provide working […]

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UK may tax nylon in war on plastic

British chancellor Philip Hammond is being urged to start taxing clothes made from polyester and nylon as he seeks to stop harmful plastics filling the world’s oceans. The UK treasury is aiming to announce a package of new taxes to deal with plastic waste in its budget statement in November, following a consultation that attracted […]

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Manufacturing SMEs widen incentives in bid to attract key staff

Small and medium-size manufacturers in Connaught and Ulster rely on a greater mix of incentives to keep employees – including flexitime, pension schemes, and health insurance. They also report the highest levels of staff retention in the country, while, in Dublin, money is seen as key to keeping staff. That’s according to the latest ‘Skill […]

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Smurfit Jr’s gambling software company raises £7.5m for US expansion

GAN, the gaming software company headed up by Dermot Smurfit Jr, has raised £7.5m (€8.6m) as it continues its expansion in the US. The funds have been raised on the back of a US Supreme Court ruling which last week struck down a federal law that has severely restricting sports betting there since 1992. The […]

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Monaco’s €2bn plan to stay relevant sees coastline grow

FIRST-TIME visitors to the Monte Carlo Casino for next weekend’s Grand Prix may not find the view they’re expecting. In the place of sea vistas are screens shielding the coast; in the water, dredgers are strategically placed, like warships. “Monaco’s yachts don’t look as glamorous these days,” one visitor jokes. The activity is the first […]

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An Post sees boost to marketing mail despite GDPR rules

AN POST is experiencing a boost to its direct mailing business ahead of the introduction of the General Data Protection Regulation (GDPR). The EU-wide regime, which comes into effect this coming Friday, updates and overhauls European data protection law, and all companies that process the data of EU residents are obliged to comply with the […]

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Making money from bitcoin? Revenue has issued rules on paying taxes

Irish-based companies are not permitted to prepare their accounts in cryptocurrencies such as bitcoin and must convert crypto payments to staff into euro for tax purposes. A new Revenue Commissioners briefing document also makes clear that while trading in cryptocurrencies such as bitcoin, litecoin and ripple will not attract VAT, any gains made will be […]

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Cashing in on the recovery of the property market

Earlier this week, David Ehrlich, the founding chief executive of the State’s biggest landlord, earned a €4.2 million profit selling his shares in the company to its largest investor, listed Canadian property firm Capreit. Ehrlich resigned last year from the top job at Irish Residential Property Real Estate Investment Trust (Ires Reit), one of a […]

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Europe: Shares set to extend winning streak on oil surge, weak euro

[MILAN] European shares dipped in morning trading on Friday but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over political risk in Italy. The pan-European STOXX 600 index fell 0.3 per cent but remained near its highest […]

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