Sunday September 27, 2020

What it says in the papers

4th November, 2016
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times leads with the news that a nationwide Garda strike scheduled to take place today has been deferred by the Garda Representative Association (GRA) and the Association of Garda Sergeants and Inspectots (AGSI) after recommendations on pay issued by the Labour Court last night. The paper says the Government is likely to accept the proposals despite the higher costs.

- The paper reports on research by insurer AIG, which has found that one in five people know somebody who has exaggerated an insurance claim and 15 per cent are aware of someone who has falsified information.

- In business, the Irish Times reports that Irish investment group Tetrarch Capital and joint venture partner Pimco have agreed the sale of their Ulysses and Millennium Park office portfolio to the ESB pension scheme. The sale price is believed to be more than €140m.

- The paper reports on figures from Construcion Information Services, which show that 11,550 housing units are under construction in Ireland, with another 12,388 having received planning permission in the first nine months of 2016. This marks a significant acceleration in activity, though well below forecast demand of 25,000 a year.

FINANCIAL TIMES

- The Financial Times leads with yesterday's court defeat for the British government on Brexit, saying the ruling has thrown Prime Minister Theresa May's plans into turmoil, adding that the ruling could trigger months of parliamentary warfare over the terms of Britain's EU departure.

- The FT says Bank of England Governor Mark Carney faced a tough challenge yesterday as he faced the fact that third quarter British growth was much better than the bank had forecast. Facing accusations of excessive pessimism from Brexit supporters, Carney's message was that Brexit pain had been delayed, not dodged.

- In companies news, the paper says Google has accused the European Commission of misunderstanding economics and law as it launched a counter-offensive in its long-running competition battle with Brussels.

- The paper says shares in Air France-KLM climbed 6 per cent yesterday after the airline unveiled a fresh set of cost-cutting initiatives, in a move designed to turn around the group's struggling long-haul operations.

IRISH INDEPENDENT

- The Irish Independent also leads with the calling off of the Garda strike, saying unions will now ballot members on a Labour Court deal worth about €3,600 per member of the force. The next strike is still due to take place next Friday.

- The paper quotes a report by Goodbody Stockbrokers as saying that traffic heading over the border has soared by up to 30 per cent on Saturday mornings since the Brexit vote.

- The Irish Independent quotes accounts for AerCap Ireland Ltd as showing that staff at the Dublin-based aircraft leasing company enjoyed average pay of $250,000 (€225,000) last year. The workforce increased from 74 to 163.

- The paper says the Climate Change Advisory Council has warned that carbon levies on home heating fuels, petrol, diesel and electricity generation will have to increase to encourage a shift to greener living. It warns that the Government does not have sufficient measures in place to reduce grenhouse gas emissions and tackle climate change.

IRISH EXAMINER

- Economic and Social Research Institute associate professor Edgar Morgenroth has told the Irish Examiner that Ireland should bypass London and forge alliances with European allies to soften the Brexit blow to the Irish economy, saying Ireland does not have much influence with the British over the 'hardness' of the Brexit deal.

- The paper has learned that the Olympic Council of Ireland (OCI) executive committee was "deeply divided" over its decision to defer its review into the Rio ticketing scandal because of a legal threat from former president Pat Hickey. The paper adds that Sports Minister Shane Ross is likely to grant a request for an extension of Judge Carroll Moran's separate report on the issue.

- The Examiner says Eir chief executive Richard Moat has warned that the schedule for the start of the Government-subsidised National Broadband Plan may slip further, as complex talks between operators and the Department of Communications about the nature of the tenders continue.

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