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BUSINESS

Holcim merger gains US approval

Holcim and Lafarge will divest plants, terminals and an Iowa quarry to win US regulatory approval for a merger between the European cement makers that will form the industry’s biggest producer.

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Greece scrambles to avert fiscal crisis

Greece stepped up diplomacy with eurozone partners, yesterday, to try to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.

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CIT Nimbus researchers secure €1.5m funding

Researchers at Cork Institute of Technology (CIT) have landed a double-funding boost to help advance their work in developing smarter, energy-efficient homes.

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€1.7m profit at west of Ireland motor dealership

Pre-tax profits at one of the largest motor dealerships in the west of Ireland last year increased by 14% to €1.7m.

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DAA chief: No appetite for Cork-Dublin air route

The return of the Cork to Dublin air route is a long way away as there is no appetite among large companies for the service which would require a €1.5m annual subsidy to make it feasible, according to DAA chief executive Kevin Toland.

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EU decision on Apple corporate tax deal delayed

The decision on whether Ireland granted illegal state aid to Apple and should receive many millions of euro back from the US multinational will not now be made next month, European Competition Commissioner Margrethe Vestager has said.

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Aer Lingus decision not expected for ‘some time’

A decision on the proposed sale of the State’s 25.1% stake in Aer Lingus is not expected for “some time”, according to Tánaiste Joan Burton.

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Global oil price highest this year

Global oil prices hit their highest for the year yesterday after a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices.

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Nadine Coyle

Girls Aloud star nets €330k

Nadine Coyle has received over €330,000 from the wind-up of the firm behind one of the most successful pop groups in history, Girls Aloud.

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Analysts stand by 2% GDP deficit despite tax decline

A budget deficit of under 2% of GDP is still anticipated for 2015, despite latest exchequer returns disappointing slightly.

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Ryanair set to exceed its passenger growth targets

Analysts are already expecting Ryanair to beat its passenger growth targets for its current financial year, even though only one month of the year has elapsed.

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Firms ‘at risk of data breach’

Irish companies are at risk of large-scale data breaches that could leave them open to significant liabilities, a legal expert has warned.

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‘Sunday Business Post’ records €218k operating loss

The Sunday Business Post has reported operating losses of €218,889 for the year to the end of June last year.

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How safety in the workplace has evolved

Ged Nash, the business and employment minister, served for many years as a trade-union official and it is perhaps no coincidence that he was on hand recently to launch The Safety Representative Resource Book, which deals in some detail with aspects of health and safety. It is to some extent modelled on a recent publication issued by the Trade Union Congress in Britain.

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‘Frozen’ drives profits as Disney beats estimates

The Disney Corporation yesterday reported second-quarter profits that beat analysts’ estimates, led by growth at its theme parks and continued sales of Frozen toys in a period that lacked a major movie blockbuster.

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AGRI BUSINESS

Irish spring statement far from a Greek tragedy

Last week the Government published its much vaunted spring statement which was met with cynicism and scepticism. While its contents are a legitimate subject of debate, I was more interested by what the statement was juxtaposed with — Greek drama.

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