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Ireland falls six places in world competitiveness rankings

Minister for Business Heather Humphreys has expressed her disappointment after Ireland fell six places in the latest IMD World Competitiveness Rankings. Ireland is now ranked 12 in the world for competitiveness, down from sixth position last year. “After several years of improvement, the decline in Ireland’s overall ranking in this year’s IMD publication is disappointing,” […]

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Innovative startup trio join UCD hub

NovaUCD, the hub for new ventures and entrepreneurs at UCD, has welcomed three new startups. The three companies – EPIC Conjoint, This is Seaweed and Travacoin – have moved to the hub in order to collaborate and benefit from increased engagement with the university. All three companies are very different in terms of what they […]

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US top target for UDG deals after Trump tax shake-up

Dublin-based UDG has $500m (€424m) available for acquisitions, and said US tax changes mean it is now more likely to buy assets there. US President Donald Trump’s tax package this year will boost UDG profits both this year and into the future, said UDG chief finance officer Alan Ralph. “It does make the US more […]

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€100m price tag for docklands scheme

When Ballymore chief Sean Mulryan and his partners at Singapore-headquartered developers Oxley unveiled plans in October 2016 for over a million square feet of offices and apartments in the Dublin Docklands, there were some who may have baulked at the scale of their ambition. Fast forward to today however, and it would appear that Mr […]

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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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