Friday May 29, 2020

Newsround: what Monday's papers say

Hundreds of secondary schools to close indefinitely and economy expected to shrink by 4% post-Brexit

7th November, 2016
Wednesday's papers

The top stories in Monday's newspapers:

THE IRISH TIMES

-The newspaper's lead story reports that more than 200,000 students will be affected by the indefinite closure of hundreds of secondary schools from today as talks between teachers and the government ended without any sign of progress.

-The paper also reports on the latest from the US, saying the FBI has found no evidence of criminality by Democratic presidential candidate Hillary Clinton in a new batch of emails discovered last month.

-On its Home News pages, it carries a report on Brother Kevin Crowley of the Capuchin Day Centre in Dublin, which provides up to 600 hot dinners and 1,700 food parcels a week. Crowley says poverty levels in the capital are now comparable to 1916 and worsening and demand for the centre's services is higher than it was 50 years ago.

-In the Business section, the paper says a study by the Department of Finance and the Economic and Social Research Institute has warned that the long-term impact of Brexit on Ireland is likely to be "severe" with the economy shrinking by up to four per cent.

FINANCIAL TIMES

-Trump and Clinton have focused a frantic final push on battleground states with the Clinton campaign hoping that a surge in Latino voting will push her over the winning line in Florida, North Carolina and Nevada while Trump is betting on a heavy turnout of white, working-class voters to allow him to flip Democratic strongholds in the industrial mid-west, the paper's front page story says.

-It also reports that the European Union is reviewing how it grants market access to overseas financial companies, casting doubt over the use of the bloc's "equivalence" arrangements as a fallback option for the City of London after Brexit.

-The FT Big Read focuses on migration, reporting that the EU is redoubling efforts to tackle the root causes of the crisis in a bid to reverse Africa's exodus.

-In its Companies & Markets section, the papers reports that Volkswagen's chairman and former finance chief, Hans Dieter Poetsch, has been caught up in the German market manipulation probe into the car maker's diesel emissions scandal.

IRISH INDEPENDENT

-The paper also features the schools shutdown on its front page, warning that with no sign of a breakthrough in the row involving the 17,500-strong ASTI, parents and students in around 400 schools have no idea when they will re-open.

-The paper also gives widespread coverage to the Irish rugby team's defeat of New Zealand in Chicago on Saturday on a scoreline of 40 to 29, describing it as Irish rugby's greatest day.

-It also focuses on the study of the impact of Brexit on the economy, reporting it could wipe €12 billion off the paper value of the economy over the next five years.

-On its business pages, the paper reports that pre-tax profit at the main Northern Ireland and UK arm of Dunnes Stores surged by 27 per cent last year despite a seven per cent drop in revenues.

IRISH EXAMINER

-Pressure is mounting on the government to fast-track the new Public Service Pay Commission as it scrambles to cope with mounting pay demands by unions in the wake of a €40 million proposed deal for gardaí, the paper says.

-It also reports that the FBI has finished its review of newly-discovered emails and concluded that Hillary Clinton should not face charges.

-Even the most benign outcome for Ireland, in which the British strike the softest of Brexit terms with the EU, would be bad news for growth, jobs and the national finances in Ireland, according the ESRI and Department of Finance report on Brexit, the paper says.

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