Commercial gas is finally set to come onshore from the field off the Co Mayo coast in the middle of next year after a series of delays.
Some 750,000 people who are members of private sector pension schemes are being impacted by the controversial levy. And it is taking in more than expected by the Government, insurance giant Standard Life said.
France laid down the gauntlet to European Union partners yesterday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.
The announcement from Paris came hours after news that Italy too planned to ease the pace of painful deficit-reduction steps to try to counter another year of recession.
UCD has fallen out of the world’s top 200 universities in a prestigious global league table, just three years after it dropped out of the top 100.
When you’ve had the flu for several days, and the raging fever begins to abate, you may tell people that you’re feeling ‘better’, but you won’t be recovered until your temperature returns to normal and you’ve got your strength back. Likewise with the economy. But what’s normal for the economy?
Chris Johns: Pre-budget hysteria rises inexorably year by year. And with it comes a fall in the quality of proper analysis. The debate has become increasingly juvenile; I think we have reached a new milestone in terms of the extent to which partisan, naked lobbying on behalf of narrow, sectional, interests, dominates our discussion.
Cork is losing out on substantial foreign direct investment due to insufficient technology infrastructure, according to a leading technology expert.
Euro Topics: The Turkish government is waiting to receive the go ahead from parliament today to take military action against the IS in Syria and Iraq. Ankara has the right to protect itself from the terrorist militia, some commentators believe. Others suspect Turkey of pursuing its own interests in neighbouring countries.
Turkish safe zone in Syria controversial: Turkish President Recep Tayyip Erdoğan's proposal for setting up a "safe zone" in Northern Syria is controversial in the Arab World, the left-liberal Austrian daily Der Standard explains: "In Western media Turkey's plans are seen in the context of the expansion of the anti-IS alliance, in which Turkey can now take full part after the release of its hostages by the IS. However it's not possible to understand the significance - and potential repercussions - of a Turkish intervention in Syria without looking at the Arabic media. There the idea that Turkey is cooperating with the IS to claim part of Syria for itself is practically mainstream. In this respect the media of the Gulf states - which take an antagonistic view of the Assad regime - suddenly sound exactly like the Syrian state media: neo-Ottoman plans for launching a colonialist attack on Arab land. The fact that the Turkish parliament's authorisation would also extend to Iraq incites fears regarding Mossul - which the Turks lost after World War I."
Apple tax case puts Ireland in a bad light: The European Commission's investigation into the tax deal Ireland gave US company Apple is very detrimental to Ireland's status as a business location, The Irish Times complains: "The uncertainty that surrounds the outcome of the state aid case could have a negative effect on the State's ability to attract inward investment. An adverse finding against the State in the Apple case could prompt the commission to investigate the Irish tax arrangements of other multinational companies - such as Google. Ireland remains highly dependent on the multinational sector, both for jobs and for tax revenues ... Ireland's financial reputation would be badly tarnished, and its ability to attract large overseas investment greatly diminished."
Josep Oliver Alonso on the broken dream of a mutually supportive Europe: The EU as a mutually supportive community? This idea was nothing but a dream from which Spain has now been rudely awakened, economist Josep Oliver Alonso comments in the left-liberal daily El Periódico de Catalunya: "The crisis has woken us from a long and deep sleep, from a sweet illusion about the true nature of the EU. It has been a rude awakening and left us with a terrible feeling of loneliness. ... The myth of a united and mutually supportive Europe is deeply embedded in our collective consciousness. Both the democratic boost and the financial aid Spain received from the EU in recent decades contributed to this myth. But as the gap between what we asked for and what we received [during the crisis] demonstrates, this idea was always an illusion. This Europe of powerful states continues to be, to our detriment, an amalgamation of strategic interests, social models, cultural ideas and disparate economic strengths and weaknesses. ... The long recession has shown us that although we are not alone and receive important support, in the end we must rely on our own abilities to confront the enormous challenges we face."
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