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Wow Air has announced flights from Ireland to four new US destinations via Reykjavik.

TODAY'S BUSINESS - IRISH EXAMINER

Canadian bank to expand Dublin operations

Canadian financial services company TD Securities has said the pending expansion of its Irish operations puts Dublin in the spotlight as a potential location for its wider EU activities should it move its London operations in the aftermath of Brexit.

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Confidence at its strongest since 2015

Business confidence in Ireland is at its strongest in six quarters as fears surrounding Brexit and possible US policy changes haven’t materialised, according to a report.

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Kenmare back in profit as prices rise

Kenmare Resources returned to profit in the first half of the year and recorded an 82% annualised increase in revenues on the back of increased commodity prices and sales volumes.

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Smurfit Kappa purchase extends Russian presence

Paper and packaging giant Smurfit Kappa Group has extended its presence in Russia with the acquisition of a Moscow-based corrugated packaging company for an undisclosed sum.

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OECD ranks Ireland highly

Ireland is highly compliant with new international tax rules and is one of only three countries worldwide to have the highest levels of transparency in its domestic tax system, according to international financial monitoring body the OECD.

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Contrasting fortunes at Lee Hotel Group properties

Pre-tax profits at the four-star Mespil Hotel in Dublin increased by 17% to €2.5m last year.

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Commercial vacancies remain ‘stubbornly high’

The amount of vacant business premises remains “stubbornly high” despite the recovery of the economy, with Connacht vastly above the national average, a new economic report has found.

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Beancounters are as high as kites with latest budget ideas

Kite-flying is in vogue — or at least the version that throws up various ways to extract more tax from all of us.

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Lidl makes inroads in UK markets

Lidl has leapfrogged upmarket supermarket Waitrose in the UK’s competitive food retail market, industry data showed yesterday, a sign that cash-strapped UK shoppers are still having to count their pennies.

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EU to probe €56bn Bayer deal

The European Commission has started an in-depth investigation of Bayer’s planned $66bn (€56bn) takeover of US seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets.

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Irish start-up aims to significantly lower global university drop-out rate

Almost 56,000 students received the results of their Leaving Certificate last week, and while most hope to go on to college, many find choosing a suitable course a daunting task.

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Opec supply set for huge fall in August

Opec oil supply is set to fall by 419,000 barrels per day this month, a company that tracks the organisation’s shipments forecast yesterday, reflecting plans for lower exports by Saudi Arabia and reductions by other producers.

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Ireland ‘missing out’ by not joining Cern

There are growing calls for Ireland to join the European Organisation for Nuclear Research (Cern) in order to capitalise on €300m worth of commercial projects as well as encouraging more Irish students to enter the scientific field.

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UK tables post-Brexit trade proposals

The UK has set out proposals to ensure that goods and services currently approved for sale across the UK and EU can continue to be traded after Brexit.

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Euro recovers from lows

The euro rebounded from the day’s lows yesterday but held well below a two and a half year high hit earlier this month as markets bet the single currency’s double-digit gains this year may be too much for a central bank that is still wary of removing stimulus.

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Johnny Ronan in fresh bid for Dublin and Wicklow sites

Property developer Johnny Ronan has made moves to secure planning permission for two flagship developments in Dublin and Wicklow.

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Ireland ‘must seize’ chance in €475bn medtech market

Ireland must seize opportunities in the health technology sector, which is estimated to be worth €475bn globally by 2018. However, threats from Brexit remain on the horizon, according to the body representing the sector.

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Ireland well placed as long as hard Brexit can be avoided

The considerable uncertainty surrounding Brexit and sharp depreciation of sterling over the past two years certainly present challenges for the Irish economy, writes Oliver Mangan.

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Lufthansa gets further backing for Air Berlin move

Lufthansa has received more German government support in its bid to take over substantial assets of insolvent rival Air Berlin, with German Economy Minister Brigitte Zypries saying she would welcome such a move.

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Chinese car firm could buy Jeep

China’s Great Wall Motors has confirmed its interest in bidding for all or part of Jeep maker Fiat-Chrysler Automobiles.

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Greek yields dip on upgrade

Greek government bond yields dipped yesterday after Fitch became the second ratings agency to upgrade it to “Single B” status, marking another milestone in the debt-laden country’s slow journey away from default territory.

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Bees facing threat of extinction

One third of the 98 bee species in Ireland are threatened with extinction while three-quarters of the country’s wild plants require insect pollinators.

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Britain has to compromise on trade in agriculture

If the UK really wants to avoid custom checks at the border, then they will have to be ready to compromise on their post-Brexit trade ambitions with third countries in the area of agricultural and food products.

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Experts agree food and energy production are compatible

Energy production can be compatible with food productionm or other land uses that are beneficial to society.

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Jack Lynch fitted mould of national CEO

The centenary of the birth of Jack Lynch is clearly an event worth marking, not least because he embodied the centrist consensual approach to politics and economic management which on the whole has served the country pretty well.

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Modern Irish restaurant set in stone

He has a CV that would be the envy of any highly- regarded chef worldwide and now Patrick Murphy is bringing that experience to his new restaurant at Stoneview in Blarney, Co Cork.

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Taking dining into hi-tech age

Promo Pads founder Diarmuid Murphy is hugely excited about the prospects for the Dine tabletop system, writes Trish Dromey.

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UK policy papers contain many Brexit contradictions

The decision of the UK government to leave the EU means that the UK is seeking to change the current relationship between the UK and the EU.

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New regulations for firms in force

New EU regulations take effect today that will see some of Ireland’s biggest companies publishing information on a range of policies from gender diversity on boards of directors to greenhouse gas emissions.

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We are not out of the economic woods just yet

Ten years on from the onset of the crisis we can take stock. The Government is keen as are many to wipe it from memory — keep the recovery going.

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