Friday August 7, 2020

Newsround: what Tuesday's papers say

New water tax to replace hated bills and Mary Robinson to gift her archive to NUIG

29th November, 2016
Wednesday's papers

The top stories in Tuesday's papers:

THE IRISH TIMES

- The paper reports on its front page that Cerberus, the US vulture fund that bought Nama's Northern Ireland loans, paid less than €1,900 tax on the €77 million profit it earned from the assets last year, newly published figures show.

- It also reports that former president Mary Robinson has said she will gift her archive to NUI Galway and will not avail of a tax credit of about €1.2 million for the donation.

- The front page also reports that thousands of people were sent fleeing from eastern Aleppo yesterday as forces loyal to the Syrian government rapidly seized territory and moved closer to crushing the opposition in the rebel stronghold.

- On its business pages, the paper says that Independent News & Media chief executive Robert Pitt and the group's chairman, Leslie Buckley, had a major dispute over the price tag of a proposed bid by the listed company for Newstalk, which is owned by INM's biggest shareholder Denis O'Brien.

FINANCIAL TIMES

- ECB president Mario Draghi has warned that Britain rather than the euro zone will "first and foremost" feel the pain of Brexit as he called for clarity over the negotiation process that will govern the UK's departure from the EU.

- The paper reports on Francois Fillon's emphatic victory in France's centre-right primary by shifting firmly to the right on the economy, social issue and law and order but said that taking on Marine Le Pen in next year's presidential elections could prove more difficult.

- Donald Trump's economic plans received strong backing from the OECD yesterday with the global body predicting the president-elect's infrastructure plans would increase US growth, combat inequality and energise discouraged workers.

- The FT Big Read focuses on technology under the heading "Targeting the next big thing." It says that echoing Bill Gates' prediction about the internet, Microsoft chief executive Satya Nadella says artificial intelligence will revolutionise technology.

IRISH INDEPENDENT

- Households will no longer face water charges and will have to pay bills only if they use the resource in a "wasteful" manner while a new report on the subject recommends that families' supply is paid for through general taxation, the paper says.

- Pope Francis' visit to Ireland will not be in the middle of a divisive abortion referendum, Taoiseach Enda Kenny has said. The Pope is due to visit Ireland between August 22 and 26 in 2018 but Kenny said no government would hold a referendum in the month of August.

- The paper also reports that Donald Trump has threatened to reverse the restoration of diplomatic ties between the US and Cuba unless the Cuban regime makes concessions to Washington.

- In its business section, the paper reports that nearly half of Irish consumers are planning to take advantage of weak sterling by buying from British online retailers, new research has shown. It says that Cyber Monday may be over but online sales are set to continue in the run-up to Christmas.

IRISH EXAMINER

- The existing management structure at the country's newest maternity hospital needs to be replaced and it needs its own chief executive and budget to ensure its services are protected, the paper says.

- It also reports on the Taoiseach's meeting with the Pope, reporting that they discussed Ireland's abortion laws, gay marriage as well as his past concern about clerical sex abuse during his formal visit to the Vatican.

- It says that Transport Minister Shane Ross has defended his increasingly-criticised performance in office since joining government, insisting there is "not one scintilla" of evidence to suggest he is failing in his role.

- In Business, the paper reports that new CSO figures suggest the Brexit-driven sterling slump is finally affecting the pace of growth in retail sales here as the OECD think tank trimmed its outlook for the Irish economy.

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