BUSINESS - BREAKING NEWS

The world economy is recovering but is still fragile and “faces some downside risks”, according to International Monetary Fund (IMF) chief Christine Lagarde.

TODAY'S BUSINESS - IRISH EXAMINER

MEPs urge tougher stand on corporation tax

Multinationals should pay a withholding tax before moving their profits out of EU countries to ensure they are being taxed somewhere, according to a draft report from the European Parliament.

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Coalition urged to take caution on budget spend

A strong recovery is under way, according to the Central Bank yesterday, as it reiterated a gentle warning to the Government against any potential giveaways in October’s pre-election budget.

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Poor cyber policy ‘puts companies at risk’

The lack of a coherent cyber security governance policy across the globe may be putting companies at greater risk of attack and jeopardising economic growth.

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Tech firms ‘have an edge’

Irish technology firms have a number of key advantages that could see them outlast competitors in the US and further afield, new research suggests.

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Aer Lingus primed for short-haul war

Aer Lingus is confident of its ability to rival Ryanair for short-haul passenger growth over the remainder of the year and to meet operational goals after the completion of its takeover by British Airways owner, IAG.

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Noonan Services sales of €200m

Earnings at the Noonan Services Group last year rose by 9% to €12.2m as revenues topped €200m.

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Ryanair, Channel Four to give files to each other

Ryanair has been ordered to give Channel Four TV Corporation documents related to its fuel policy between 2010 and 2012 in advance of the hearing of proceedings brought by the airline over alleged defamation.

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We need an Irish Water, just not the one we have

The Government might like to wish the political headache away, but Irish Water has not gone away, writes Paul Mills.

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Smurfit Kappa pushes interim dividend higher

Paper and packaging giant, Smurfit Kappa has announced a 30% increase in its first half dividend for shareholders to 20c per share; bringing the full-year 2015 payment to 60c per share.

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VW lowers sales outlook as China demand weakens

Volkswagen lowered its sales forecast as demand weakens in China, where the group’s largest division delivers more than 40% of its vehicles, outweighing gains in Europe.

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Reporting extended to ‘special vehicle’ firms

The Central Bank plans to extend reporting requirements on the activities of financial corporation vehicles which are registered here but service financial activities across the global economy.

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UK and Ireland lift Sky profits

European pay-TV group Sky yesterday said it expects to perform strongly in its new financial year after better-than-expected profits for 2014-15 prompted investors to rethink their growth forecasts for the newly-enlarged group.

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‘Banks haven’t learned lessons from Libor’

Banks are failing to meet new standards for compiling market benchmarks despite the record fines imposed over the Libor and foreign exchange scandals, a review by Britain’s financial watchdog has said.

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Impact of Farm Assist Scheme changes ‘to remain under review’

The impact of recent changes in the Farm Assist Scheme is being kept under ongoing review, Tánaise Joan Burton told the Dáil.

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John Graham Holdings builds pre-tax profit by 30%

Pre-tax profits at building and engineering group John Graham Holdings last year increased by 30% to £7.43m (€10m).

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