Newsround: what Tuesday's papers say

Talks on new public sector pay deal likely next year and bad broadband forcing workers to move to cities

15th November, 2016
Wednesday's papers

The top stories in Tuesday's newspapers:

THE IRISH TIMES

-The paper reports that the government will discuss the escalating crisis over public sector pay at its meeting this morning with senior figures conceding that talks on a new pay settlement are likely next January or February.

-The United Nations weather agency, the World Meteorological Organisation said it is very likely that 2016 will be the hottest year on record after preliminary data showed global temperatures this year at 1.2 degrees above pre-industrial levels.

-The paper also reports that almost €120 million is to be spent providing homeless services in Dublin next year, nearly €30 million more than Dublin City Council budgeted for this year.

-On its business pages, the paper reports that interest rates on Irish government bonds hit their highest level in nine months yesterday as a major sell-off in international markets continued.

FINANCIAL TIMES

-The paper leads with the news that a global bond market rout intensified yesterday while the dollar strengthened as investors bet that US president-elect Donald Trump's commitment to economic stimulus will herald faster growth and the return of inflation.

-It also reports that office construction in London has plummeted by 42 per cent from a year ago as Brexit and other uncertainties cast a shadow over the property market while take-up of new offices by companies has also declined.

-The FT profiles Reince Priebus, the Republic National Committee chairman who was rewarded with his appointment as White House chief of staff, describing him as a "conciliator with powerful party allies."

-In its Companies & Markets section, the paper reports on Greencore's latest acquisition under the headline, 'Greencore spreads', noting the $747.5 million acquisition of Peacock Foods will quadruple the company's sales in the US.

IRISH INDEPENDENT

-The paper reports that growing numbers of workers are being forced to move to large towns and cities because of bad broadband with some areas struggling with speeds so slow that people cannot open emails or do basic internet searches.

-It also says that a single route on the country's rail network is costing the taxpayer €550 per passenger as Irish Rail continues to operate the loss-making Limerick-Ballybrophy line.

-Shoppers are set to flock across the border in their thousands to buy Christmas presents while one-in-four adults has already gone to Northern Ireland or the UK to shop, the paper says.

-Brexit will make it much easier for crime gangs to avoid capture, the paper says, as the loss of the European Arrest Warrant in the UK affects the ability of police north and south to pursue criminals who use the border to evade prosecution.

IRISH EXAMINER

-Pressure to meet mounting public sector pay demands stepped up a gear yesterday as junior doctors become the next group of workers to ballot for strike action, the paper's front page reports.

-It also reports on the rail service, saying Transport Minister Shane Ross will present the National Transport Authority review of loss-making rail services to Cabinet today. It suggests cutting unprofitable routes, improving journey times and reducing fares to attract passengers.

-Russian president Vladimir Putin and US president Donald Trump have agreed to work toward "constructive co-operation", including on fighting terrorism, the Kremlin has said.

-Finance Minister Michael Noonan will meet with senior International Monetary Fund and World Bank officials in California today to convince them to encourage US companies to continue investing in Ireland.

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