What Monday's papers say

Water row moves?; Trump looks at North Korea options; shares fraudsters target elderly

10th April, 2017
The main headlines from today's newspapers


- The Irish Times says senior figures within Fine Gael and Fianna Fáil have indicated that they will begin moves today to defuse the bitter row over water charges that has brought the confidence and supply agreement between the parties close to collapse.

- The paper reports on a warning from US secretary of state Rex Tillerson that a US military strike on Syria is a message to other nations, as US warships headed towards North Korea in a sign of escalating tensions between the two countries.

- The Irish Times says Transport Infrastructure Ireland has sharply criticised Dublin City Council for failing to inform it of a large-scale development proposal - at the former headquarters of the Irish Nationwide Building Society on Grand Parade - that could have an impact on the operation of the Luas Green Line.

- In business, the paper says that turnover and profit at the Irish arm of Salesforce.com, SFDC Ireland, rose significantly in its 2016 financial year, with accounts showing pre-tax profits of €11.3m after a €1m loss in 2015. Turnover was up 82 per cent to €426.9m.


- The Financial Times leads with the US decision to despatch an aircraft carrier to waters near the Korean peninsula in a show of naval power in the region, quoting a top security official in Washington as saying the US president Donald Trump was examining all options - including possible military action - to deal with North Korea.

- An investigation by the FT has found that British companies have used a controversial insolvency procedure to offload £3.8 billion of pension liabilities, often as part of a sale to existing directors or owners.

- In companies news, the paper says Japan's SoftBank is attempting to engineer a merger of Snapdeal and Filpkart, India's two biggest homegrown e-commerce groups, in a bid to take on Amazon, which has pledged to spend $5 billion to become the country's dominant internet retailer.

- The FT quotes the global chairman of US law firm Baker McKenzie, Paul Rawlinson, as saying that Brexit has created a "mini-boom" for international law firms as clients seek advice on how it will affect their businesses.


- The Irish Independent says elderly people who own shares are being targeted by fraudsters with a scam aimed at tricking them into parting with cash, offering worthless, over-priced or even non-existent shares. The paper says a spate of attempts to cold-call investors has been reported to the authorities.

- The paper reports on figures from the Courts Service which show that the number of legal proceedings issued by banks to repossess homes has halved in the past two years, with a total of 3,665 proceedings issued last year.

- The Irish Independent quotes Finance Minister Michael Noonan as saying that no European country has made a claim on the back taxes that Apple allegedly owes to Ireland. The statement came in a reply to a parliamentary question from Independent TD Tommy Broughan.

- The paper says the Dáil Committee on the Future of Healthcare may stop public patients stuck on waiting lists from jumping hospital queues by paying for appointments to see a specialist privately.


- Housing Minister Simon Coveney has told the Irish Examiner he will not change his position on water charges despite a fresh threat from Fianna Fáil to withhold support for a new Fine Gael Taoiseach. Coveney said he would legislate for elements of the Oireachtas committee report on water but would be guided by legal advice from the Attorney General.

- The paper says it has learned that a "blistering" row among Independent ministers at Cabinet over plans to relocate families living in flood plains has delayed approval of the scheme by several weeks, with Office of Public Works Minister Sean Canney asked to withdraw a memorandum on the issue and fix outstanding problems with it.

- The Examiner says Bus Eireann unions and management go into talks at the Workplace Relations Commission this morning with an expectation that any deal will have to emerge within hours. It quotes sources as saying that workers will have to agree a 10 per cent increase in efficiency as part of any deal.

- The paper says low-fares airline Norwegian has moved to allay concerns about the prospects for flights from Cork Airport to New York's Stewart Airport, saying the "door remains open". The airline's chief executive, Bjorn Kjos, had told the paper Cork's runway was too short for the route.

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