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Morning Headlines

State plans free legal aid for environmental cases; Eamon Ryan rebukes local councils

The stories you need to read this morning in business, politics and current affairs

Strong performance leads to sharp rise in revenues at Cubic Telecom

The company has raised over $100 million from backers that include Volkswagen Group and chip-manufacturer Qualcomm

This Working Life

Double trouble: the pros and cons of dual jobbing

It can be hard to make ends meet these days, so the temptation is strong to work for more than one employer. But is this a breach of your work contract?

Intel offers workers thousands of euro to take extended leave

Up to 2,000 workers at the US chip giant in Leixlip are being offered a package to take up to 12 weeks off unpaid in a bid to cut costs

Irish boss of pension management firm criticised by British watchdog

Tony Flanagan, chief executive of Wilton Group, is in a stand-off with the British Financial Conduct Authority (FCA) over what it calls ‘serious operational, financial and regulatory issues’ at a subsidiary called Hartley Pensions

Shein begins routing over €1bn in sales through Irish entity

Infinite Styles Ecommerce Co Limited, a firm owned by the fast fashion giant, recorded more than €1.53 billion worth of sales in 2021

Holos targets US market with eco-friendly skincare products

The Co Wexford business manufactures and distributes its own brand of plant-based skincare and is rapidly growing its customer base through affiliations with American influencers and digital marketing campaigns

NanobOx set to join Enterprise Ireland high-potential start-up unit

The UCD spin-off, which uses energy-efficient technology to oxygenate water using nanobubbles, is focused on the aquaculture and agriculture sectors

Sleepy Chicken swears to keeps mums at the centre of its range

Janna Mullaney plans to open a store in Midleton next year as well as further expand the online business which sells woman-owned brands

Thousands of Intel staff in Ireland offered unpaid leave in cost-cutting drive

Company is also actively exploring redundancies at some units as US giant cuts up to $10 billion of costs from the business

‘Much improved’: Lily O’Brien’s chocolate rebuilds after pandemic as revenues rise

Luxury chocolate company reported turnover of €26m in 2021 as its headcount rose to 221

Mulberry signs lease for new store off Grafton Street

Luxury brand has commenced fit-out works at Number 24 Duke Street and said it expects the new store to open in time for the busy Christmas shopping period

Wendy’s hamburger chain to enter Irish market

Fast food chain has more than 7,000 restaurants worldwide

Merger makes Irish-owned bank largest in Paraguay

Sudameris, owned by Irishman Conor McEnroy, is to link up with Banco Regional to create institution with $4.8 billion in assets

€42m debt-to-equity swap strengthens Coates’ Pinergy holding

Betting magnate’s backing of energy firm through rough patch a ‘statement of long-term support and belief in its vision’

Grenfell: the perfect storm of failings that led to fire disaster

A new book about the Grenfell blaze details how some of the issues which preceded the London tower block tragedy have yet to be rectified – and examines the difference between legal and moral responsibility in modern capitalism

Revenues up at Global Shares prior to acquisition by JP Morgan

Co Cork-based fintech also reported a narrowing of losses last year

Profit Indeed: Revenues at Irish arm of job listings giant topped €1bn last year

Employment and recruitment firm, which subsequently implemented a hiring freeze, enjoyed its strongest year in Ireland to date

Normax Biomed opts for Dublin for first vaccine factory

Company has secured a €300 million funding commitment to develop low-cost mRNA vaccines

Desmond-linked African Gold fund appoints new finance officer to drive deal

African Gold Acquisition must use the funds to complete a merger before next March