Saturday , November 17 2018
Breaking News


Majority of Northern Ireland SMEs feel Brexit will hit business opportunities


Ireland : The Brexit Sentiment index from First Trust’s parent company AIB, revealed that 62% of small and medium-sized enterprises (SMEs) here believe Brexit will negatively hit business. More than 700 companies on both sides of the border were surveyed over July to September. The level is up from 50% in the first quarter of 2018. The quarterly monitor suggests ... Read More »

43 leading Irish companies agree to reduce carbon emissions before 2030


Ireland : Some of Ireland’s leading companies have agreed to significantly cut their carbon emissions between now and 2030. 43 businesses from the retail, manufacturing and transport sectors amongst others are involved. The agreement is to be announced at a Business in the Community Ireland (BITCI) summit in Dublin today. It is the first time that Irish businesses have made ... Read More »

Ireland is chasing to keep pace with data analytics revolution


Companies across every sector from professional services to retail are seeking out specialised data analysis retraining for in-house accountants and other key staff. Notably, they’re turning to the Analytics Institute of Ireland (AII), which is based in Fitzwilliam Square, Dublin. The institute has plans to launch a branch in Cork, where demand is also soaring. It is offering a series ... Read More »

Brexit backstop deal set to cover all of UK

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Ireland : The final deal on Britain’s withdrawal from the European Union is set to include a backstop that will apply to the entire United Kingdom, but will have additional measures for Northern Ireland to ensure there is no hard border. The Irish Times understands a common view is emerging in Dublin, London and Brussels on the contentious issue. A ... Read More »

New EU customs plans could break Brexit deadlock


London : There are fresh hopes of a Brexit deal as EU chief negotiator Michel Barnier offered the UK an olive branch on the Irish Border. Mr Barnier briefed EU ambassadors yesterday during a meeting in Paris on plans to offer Prime Minister Theresa May a UK-wide customs arrangement while a new trade deal is being negotiated. The offer would ... Read More »

EU eyes Brexit customs deal to break Irish deadlock: sources

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BRUSSELS :European Union negotiators are looking at ways to promise Britain a customs deal that could stretch Brussels’ Brexit red lines but might break a deadlock over the Irish border, EU sources close to the talks have told Reuters. Accounts of how British and EU negotiators came close to a deal on Oct. 13 focus on how Prime Minister Theresa ... Read More »

Cathay Pacific enlists UK company to assist with data breach


London : Cathay Pacific Airways has enlisted a company that was itself once caught up in a hacking scandal to help deal with the fallout of a data breach that affected more than 9-million passengers. Asia’s biggest international carrier is offering customers hit by the hack — which saw passport details to e-mails illegally accessed — the option to take ... Read More »

NI Brexit trade and customs warning


London : Northern Ireland is not well prepared for a no-deal Brexit in areas such as trade and customs, auditors have said. Planning is also “severely constrained” by the uncertainty surrounding the border, migration and the repatriation of powers from Brussels, said the Northern Ireland Audit Office. Planning responsibilities fall to Westminster as “reserved” powers. But these powers were never ... Read More »

UK-wide customs union would still require Northern Ireland backstop, Brexit committee hears


A specific Northern Ireland ‘backstop’ would still be required even if the Brexit withdrawal agreement contains a UK-wide customs backstop, the House of Commons’s Exiting the European Union Committee heard on Wednesday. While a UK-wide solution would address customs and trade relations, and thus would go some way to preventing a hard border in Ireland, there would still need to ... Read More »

Brexit deal is 95% settled, UK’s May to tell Parliament


London : British Prime Minister Theresa May will tell lawmakers Monday the “vast majority” of a Brexit deal has been reached with European Union leaders, as she attempts to prove she’s making progress in talks amid criticism from all sides at home. According to her prepared remarks, May will say “95 per cent of the withdrawal agreement and its protocols ... Read More »

UK’s May risks Tory split with Irish border concession to appease EU


London: UK Prime Minister Theresa May is said to be ready to ditch one of her key Brexit demands in order to resolve the vexed issue of the Irish border and clear the path to a deal, according to people familiar with the matter. The fix opens the possibility that Britain would end up bound indefinitely to the European Union’s ... Read More »

UK eyed customs deal to avoid Northern Ireland Brexit backstop: EU sources


BRUSSELS : British negotiators urged the EU to accept assurances Britain would effectively stay in a customs union with the EU to avoid a hard border with Ireland and make a hotly contested “backstop” for Northern Ireland unnecessary, EU diplomats said on Monday. But diplomatic sources briefed on Sunday’s breakdown in Brexit talks, said the European Union insisted that an ... Read More »

Former American Ireland Fund employee denies she stole from charity


Ireland : A former Dallas-based employee of the American Ireland Fund (AIF) and her son have denied allegations that they stole from the charity. Karla D Stover, formerly director of AIF’s Texas region between October 2014 and January 2018, is alleged to have created fictitious companies and charged AIF for services never performed. In court documents seen by The Irish ... Read More »

82% of business leaders predict economic crisis in five years


Ireland : More than four out of five business leaders believe the Republic is headed for an economic crisis in the next five years, according to a survey by the Institute of Directors in Ireland (IoD). The survey of 273 IoD members, carried out in early October, involved chief executives, senior executives, non-executive directors and chairpersons of companies. It found ... Read More »

Ireland is not ready for a cyber attack on the State, business fears


The vast majority of Irish businesses do not believe Ireland is prepared for a cyber attack, although two-thirds believe such breaches are a risk to their operations. A survey of readers showed 94pc of respondents believe we are not prepared for a cyber attack on the State. However 74pc of respondents said they have a staff training or awareness ... Read More »

Next sets up new Irish company to avoid Brexit customs and duties


Ireland:Retailer Next has become the latest UK company to set out a strategy for life post-Brexit, as it outlined plans on Tuesday for a new Irish company, which should help Irish customers avoid a steep increase in prices in the event of a no-deal departure from the UK. The UK retailer, which reported a 0.5 percent rise in first-half profit ... Read More »

Ireland’s corporate tax rate hurting emerging economies – Oxfam

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Ireland’s corporate tax system is helping some of the world’s largest drug companies deprive emerging economies of almost €100 million a year, according to aid agency Oxfam. The group, which campaigns against global poverty, says in a report published on Tuesday that legitimate tax practices have allowed four of the largest pharma companies “deprive the cash-strapped governments” of seven developing ... Read More »

Accenture helps Ireland pilot tax savvy chatbots


Dublin:The agency responsible for customs and tax matters in Ireland is piloting an innovative chatbot programme to supply the public with information on such matters. The technology was developed by global consulting firm Accenture. The Revenue Commissioners, usually referred to simply as Revenue, is the Irish Government agency which is responsible for customs, excise, taxation and related matters. The Revenue ... Read More »

Workers paying more tax than 10 years ago, says Tax Institute


Workers in Ireland are paying more tax than they did 10 years ago when the economy crashed despite repeated Government pledges to lower the burden, the Irish Tax Institute has claimed. In a pre-budget report, the institute said workers across all income levels were paying more personal tax (income tax, universal social charge and PRSI combined) despite a programme of ... Read More »

200 jobs to be created at Microsoft in Dublin


Technology company Microsoft is to create 200 jobs at its European headquarters in Dublin. Half of the new roles will be in high-skilled engineering positions, with the remainder in sales, data centre operations as well as graduate and intern positions. Microsoft has had operations in Ireland for over 30 years and opened a new €134 million campus in Leopardstown in ... Read More »