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Shell to implement cuts in UK and Ireland gas production unit

Royal Dutch Shell will increase the number of job cuts in 2015 and 2016 by around 20pc to at least 12,500 as a result of low oil prices and the integration of BG Group, it said on Wednesday. The Anglo-Dutch company will reduce the size of its UK and Ireland oil and gas production, or […]

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The European Union and the euro: this is a marriage made in hell

Over recent weeks I have traversed the UK debating whether it should leave the EU. I have been struck by the way that most speakers for readily acknowledge that the euro is a disaster yet still argue that the UK should stay in the EU. Apparently, they regard these two as unrelated, or at least […]

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Thousands of families paying over the odds for health insurance

Four out of five consumers who have health insurance are on the wrong plan, according to research by one of the country’s leading health insurance experts. This means thousands of families are overpaying for health cover. And employers who pay some or all of the health insurance costs of staff are not getting the best […]

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French oil and port workers vote to begin new strikes

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 […]

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Ireland 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 […]

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Insurance 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” […]

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Exports 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 […]

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Harvey 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 […]

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Irish 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 […]

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No 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 […]

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