Sunday May 31, 2020

What Monday's papers say

Trump warns on North Korea; Ires plan blocked; FG's 'Save Nóirín' campaign

3rd April, 2017
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times leads with reports from property websites Daft.ie and MyHome.ie which show that house price inflation picked up significantly in the first three months of 2017. Both reports linked the acceleration in prices to the Government's new tax scheme for first-time buyers and the Central Bank's loosening of mortgage rules.

- The paper quotes a statement from religious congregation The Oblates, which says pressure by politicians on congregations to pay half the €1.5 billion cost of compensating those abused in Catholic institutions "is immoral and should stop".

- The Irish Times says the Cabinet will discuss a commission to examine the Garda when it meets tomorrow but is unlikely to reach conclusions this week about the proposals to investigate and reform the force.

- In business, the paper reports on a warning from UCD lecturer in international political economy Dr Aidan Regan that Ireland will find it much more difficult to block proposed EU corporation tax reforms due to Britain's absence from the negotiating table after Brexit.

FINANCIAL TIMES

- The Financial Times leads with its interview with US President Donald Trump, in which he warns that the US will take unilateral action to eliminate the nuclear threat from North Korea unless China increases pressure on the regime in Pyongyang. Trump is due to meet Chinese leader Xi Jinping at his Florida resort later this week.

- The FT reports that tensions between Britain and Spain escalated yesterday over the future of Gibraltar, with former Conservative leader Michael Howard referring to the Falklands War in 1982 when saying he was "absolutely certain" that Theresa May would "show the same resolve".

- The paper says China's top film companies have reported some of their lowest profits and revenue growth figures in several years, as growth in box office receipts slumped last year to 2.4 per cent from 49 per cent growth in 2015.

- Iceland's finance minister Benedikt Johannesson has told the FT that it is untenable for the country to maintain its freely floating currency, the krona, just days after it lifted capital controls imposed after a near financial collapse in 2008.

IRISH INDEPENDENT

- The Irish Independent leads with a survey of entrepreneurs from accountancy and consultancy group EY, which says that high personal tax rates are stunting job creation and holding back the establishment and growth of businesses.

- The paper says it has learned that fake breath test figures that have plunged An Garda Síochána into a major crisis were inflated more than four-fold in parts of Dublin, with the figures in one Garda division suspected of being overstated by a staggering 430 per cent.

- In business, the Irish Independent says the state's biggest private landlord, Irish Residential Properties (Ires) Reit, has been refused permission for a huge €170m development of almost 500 apartments at Sandyford in south Dublin.

- The paper quotes the Construction Industry Federation as warning that low levels of infrastructure growth in regional areas will "fundamentally undermine" Ireland's economic performance in the next decade.

IRISH EXAMINER

- The Irish Examiner says Fine Gael is to seek the help of Fianna Fáil in the coming days to stop Sinn Féin's campaign to force the resignation of Garda Commissioner Nóirín O'Sullivan, saying six Cabinet ministers have confirmed that a "save Nóirín" campaign is being mounted in the face of pressure from opposition parties.

- The paper has published plans which show that Cork city and county will receive €46m in funding to allow the development of more than 3,000 homes by 2021, as part of a national investment of more than €220m.

- The Examiner also reports on the CIF's claim that the Dublin region is gobbling up too much of the €6.1 billion the Government is currently spending on major capital projects at the expense of economic activity in other regions.

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