Monday June 1, 2020

Newsround: what Wednesday's papers say

Second-level schools to re-open today and Web Summit in full tilt in Lisbon

9th November, 2016
Wednesday's papers

The top stories in Wednesday's newspapers:

THE IRISH TIMES

- All of the country's second-level schools are set to open today after the ASTI last night agreed to suspend industrial action at hundreds of schools, the newspaper reports, but the government continues to face pressure on pay as nurses warn of strikes.

- The results of the US election came too late for the paper but it reports that US voters turned out in force as a bitter election campaign ended, with long queues at many polling stations.

- On its business pages, the paper reports that Lucozade and Ribena will strip out 50 per cent of their sugar content for the Irish market as the company evolves its products to deal with changing consumer trends.

- The paper also reports that the Web Summit is at full tilt in Lisbon, receiving a positive reaction as the event plays host to everyone from sports stars to WikiLeaks personnel.

FINANCIAL TIMES

- Marks & Spencer has announced a far-reaching store closure programme affecting one in 10 of its clothing shops in the UK and many more overseas as the company battles to turn itself around after years of market share losses.

-The paper also reports on how Brexit fears are eating into the Irish food industry with exchange rate volatility and vanishing profit margins proving the new territory for the Irish agrifood sector.

- The FT Big Read focuses on sports rights, reporting that piracy, distracted millenials and a tight US presidential race are being blamed for a drop in early season TV viewing for live football in the US and UK.

- In its Companies & Markets section, the paper reports on the consumer backlash to Mondelez plans to alter the distinctively-peaked Toblerone in a bid to flatten costs.

IRISH INDEPENDENT

- The paper also focuses on the suspension of strike action by secondary school teachers but warns that the fallout from industrial relations strike is putting USC cuts and frontline funding in jeopardy.

- The Department of Finance has shot down plans to introduce an annual levy of up to €24 on all home insurance policies to fund flood insurance claims, the paper says.

- It also says that Communications Minister Denis Naughten has urged an Oireachtas committee to consider the prospect of the newspaper industry getting a cut of any future revenue raised from the introduction of a broadcasting charge.

- In the business section, the paper reports that Minister for Finance Michael Noonan will today launch a formal appeal against the controversial EU ruling that Apple received an unfair tax deal worth €13 billion and must pay it back with interest.

IRISH EXAMINER

- 'America Decides' makes the lead story on the paper's front page, as it says that America will wake up to a new political landscape today after one of the most divisive and controversial presidential election campaigns in the country's history.

- The paper also reports on its front page that the government is set to cave into pressure from the opposition and accept a Dáil bill that will pave the way for a referendum on the public ownership of water services.

- Hospitals may be brought to a standstill within weeks after a leading nurses' group became the latest union to threaten strike action, the paper says.

- On its business pages, the paper reports that sales at discount retailer Primark rose by nine per cent in its latest financial year, largely driven by growth at its Irish operations.

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