Newsround: what Tuesday's papers say

Newsround: what Tuesday's papers say
Tuesday's papers

Rental costs soar and final Barcelona terror suspect killed

The top stories in Tuesday's newspapers:


- The paper reports that Barcelonans and tourists on Las Ramblas cheered and clapped yesterday as the news spread that Catalan police has shot dead the man suspected of mowing down and killing 13 people on the street last week. Catalan police said they are now confident all 12 members of the terrorist cell responsible for the attacks are dead or in custody.

- It also says that Taoiseach Leo Varadkar has cast doubt on claims that the border between the US and Canada could be used as a model for the Irish border after Brexit. Varadkar is due to inspect posts between the US and Canada today on a fact-finding mission but sounded doubtful about whether a similar arrangement could be applied in Ireland.

- An increase in the old age pension will be included in the October budget but the exact level has yet to be decided, Varadkar has also said. He said the programme for government commits to increases in the pension every year at least in line with inflation.

- In its business section, the paper reports that US vulture fund Cerberus is stepping up enforcement action against buy-t0-let and residential mortgages, according to both court lists and interest groups. Since 2014, Cerberus has bought loans with a face value of €20 billion from institutions like Nama, Ulster Bank and Royal Bank of Scotland.


- The FT leads with a report that the world's biggest hedge fund manager is turning more defensive on concerns that the political drama in Washington will impair the US government's ability to function and weigh on already wobbly financial markets. The move by Ray Dalio, founder of Bridgewater which manages $150 billion, comes amid growing concern over Donald Trump's nuclear brinkmanship and White House infighting.

- Products approved in the UK should not have to undergo further regulatory scrutiny in the EU after Brexit, according to the UK government's latest negotiation plan. The proposal, which aims to avoid disruption to carmakers, drug producers and other exporters, contrasts with the EU's demands that all products in the bloc receive EU-approved inspections.

- In its Companies & Markets section, the paper says that AP Moller-Maersk yesterday signalled the end of decades as a conglomerate as it sold its oil business for $7.5 billion to Total of France. The Danish group, one of Europe's leading industrial companies, is also looking to sell off its drilling rigs, oil tankers and supply services business in the coming year.

- Great Wall, the Chinese carmaker, has expressed interest in buying Fiat Chrysler Automobiles, an audacious ambition that would run into significant political and financial hurdles, even if the Italian-American car group agreed to the negotiations.


- Students are going to miss out on their dream courses in college due to a chronic shortage of rental accommodation, the paper says, reporting that the rental squeeze is at its worst in Dublin but across all of the major cities rental costs have hit a new high for the fifth quarter in a row.

- An additional childcare top-up for families on low to middle incomes is planned for October's budget. The paper reports that Children's Minister Katherine Zappone is demanding an increase in the new childcare subsidy which entitles parents to a payment worth €80 per month for each child aged between six months and three years who attends a registered childcare provider.

- European leaders will not allow the Brexit negotiations to move to the next phase unless Ireland is happy with progress made on the future of the Border, Taoiseach Leo Varadkar has said. He warned the UK his government would stall talks if a satisfactory deal on Northern Ireland was not reached.

- In its business section, the paper says the Dutch owner of Friends First, which offers pensions, investment and income protection insurance products, is understood to have quietly offered the business for sale in recent weeks. A number of rival firms are believed to have cast an eye over the company with Aviva Insurance thought to be among the potential suitors.


- The paper also leads with the rental crisis, reporting that double-digit rental increases are being recorded in most parts of the country while the number of properties available to rent has reached an all-time low. Rents nationally are now almost 13 per cent higher than their 2008 peak with the average rent at a record €1,159 in the second quarter.

- The first draft of an enlarged Cork City to drive the region's growth for the next half century should emerge within weeks, the paper says. After 40 years of campaigning by the city, two and a half years of reports and reviews and a late and ultimately-rejected offer from the county to cede certain lands to the city, it is now clear that the Cork City boundary extension saga is entering the final stages.

- Health Minister Simon Harris has rejected claims the HSE is top-heavy with managers while shortages in frontline staffing cause waiting lists to soar. He was responding to Fianna Fáil criticism after the release of figures showing almost three senior managers were appointed in the HSE every week this year.

- Half of the 52,000 students offered a college course have already accepted places, according to the Central Applications Office (CAO). More than half of the 43,114 applicants offered an honours degree by the CAO yesterday got their first-preference course.

Related Articles

More from The Business Post