BUSINESS - BREAKING NEWS

Four US Congressmen have introduced legislation in a bid to block an airline's attempt to launch the first transatlantic flights from Cork Airport, writes Eoin English.

TODAY'S BUSINESS - IRISH EXAMINER

Eir: Rural broadband delay remains unclear

Eir is one of the frontrunners for the lucrative National Broadband Plan contract.

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FBD: Insurance cost hikes ‘essential’

Irish insurer FBD is eyeing a return to underwriting profits in the final months of the year as premiums continue to increase for policyholders.

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Sterling forecasts provide hope for Irish exporters

Irish firms exporting to the UK were given a glimmer of good news yesterday as Investec Ireland said sterling will strengthen again later this year as long as the UK votes to stay in the EU.

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Ulster Bank tracker mortgage probe widens

The Central Bank has followed through in its investigation of the banking industry into potential abuses involving tracker mortgages by launching an “enforcement investigation” into Ulster Bank.

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Mario Draghi policy woes in focus

Mario Draghi’s policy challenge was highlighted once again yesterday, with the fastest economic growth in a year overshadowed by another drop in consumer prices.

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Anheuser-Busch InBev seeks to sell more brewing assets

Anheuser-Busch InBev, the world’s largest brewer, intends to sell the Eastern European brewing assets of SABMiller to secure regulatory approval for its $100 billion (€88.2bn) takeover of its rival.

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Ben Dunne hopes to double gym revenue in expansion

Gym owner Ben Dunne yesterday announced a major expansion of his gyms business outside Dublin as he aims to double revenue and boost operating profits in the next four years.

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Ads giant WPP plans for life after Sorrell

WPP has begun the search for a new chief executive, for when founder Martin Sorrell steps down.

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Dividend outlook darkens for Ulster Bank owner RBS

Royal Bank of Scotland —owner of Ulster Bank — reported a sharp rise in losses in the first quarter yesterday and cautioned on the timing of a return to dividend payouts as lower income, restructuring costs, and sluggish asset sales underscored the challenges still facing the lender.

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Democratise the Seanad and utilise it

In ancient Rome there was a political office called the Censor.

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