Newsround: what Tuesday's paper say

Universities resisted declaring millions in funds and hackers have second US weapon

16th May, 2017
Wednesday's papers

The top stories in Tuesday's newspapers:

THE IRISH TIMES

- The paper reports that several universities have tens of millions of euro in private trusts and foundations which they have resisted declaring in their accounts despite pressure from regulators and the government. Audits into third-level institutions have also revealed a range of other governance issues such as significant additional payments to staff members.

- It also says that Minister for Social Protection Leo Varadkar's attempts to influence the ground rules of the forthcoming leadership contest in Fine Gael look set to be rejected by the party hierarchy. He had asked for campaign spending limits to be imposed by the party.

- Key health services, including MRI scans, x-rays and blood tests, suffered a slowdown yesterday as the HSE shut down all email communication to protect its computer system from the global cyber virus, the paper says. Despite the lockdown on all staff email accounts, the HSE said patient care has been protected and services were able to continue throughout the day.

- In its business section, the paper reports that client companies of Enterprise Ireland have reported a major slowdown in the growth of Irish exports to the UK in the wake of Brexit. In its latest report, the state agency said export growth to Britain had slowed to two per cent last year from 12 per cent in 2015.

FINANCIAL TIMES

- The paper reports that criminal hacking groups have repurposed a second classified cyberweapon stolen from US spies and have made it available on the so-called dark web after the success of the WannaCry attack that swept across the globe on Friday.

- French president Emmanuel Macron has appointed Edouard Philippe, a little-known centre-right politician, as his prime minister in an attempt to win a majority in parliament for his year-old centrist party. The announcement was made shortly before Macron flew to Berlin for a meeting with German Chancellor Angela Merkel.

- Oil prices jumped yesterday after Saudi Arabia and Russia backed an extension to an Opec-led deal to cut output until March 2018 to stabilise the market. Prices briefly rose more than three per cent.

- The FT Big Read focuses on Iran, reporting that the race between President Rouhani and a hardline cleric has been dominated by arguments over inequality and corruption but the outcome could determine the Islamic Republic's direction for decades.

IRISH INDEPENDENT

- Thousands of Garda man hours were wasted tapping the phones of innocent people as part of investigations into crimes as serious as drug dealing, the paper reports. It says that some of the taps were left active on the phones of innocent third parties for weeks and were only cancelled when officers flagged concerns about their legitimacy.

- A patrol vessel disposed of by the Naval Service for €110,000 just seven weeks ago is now on sale in the Netherlands for more than six times the price, the paper says. The LE Asiling, one of the most famous ships in modern naval service history, was sold at public auction to a Dutch ship broker in March.

- In its business section, the paper says Dublin has been named in the top 10 of the world's most expensive cities in which to build with a steep rise in costs set to hit builders' margins, a new report has found. Construction costs in Dublin are set to rise eight per cent in 2017, far faster than the 3.5 per cent global increase forecast in the survey.

IRISH EXAMINER

- Garda Commissioner Nóirín O'Sullivan's failure to inform the Tánaiste of the Templemore College fiasco for 16 months has been described as a "significant oversight" by a cabinet minister. Independent Alliance minister Finian McGrath's criticism comes as Justice Minister Frances Fitzgerald is facing a Dáil questioning over the ongoing Garda crisis.

- 'Moors murderer' Ian Brady died last night, aged 79. His death came just hours after he was urged to "do the right thing" and reveal where the last of his child victims is buried before he passed away.

- Cabinet ministers will be told today to make a decision quickly on the potential excavation of the entire Tuam mother and baby home in order to identify the people buried at the site. Children's minister Katherine Zappone will issue the call as she outlines plans for a government group to begin appointing technical experts to oversee the work.

- In its business section, the paper reports that hopes are pinned on luring two more US investment banking giants to Ireland in the coming weeks as global banks decide on new homes outside London following Brexit. Morgan Stanley and Bank of America Merrill Lynch are now heavily tipped to move at least some jobs out of London into Dublin, it says.

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