Drogheda United explain background of €2.4m investment by owners Trivela
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Irish Daily Mirror
3 hours ago
- Irish Daily Mirror
Taoiseach welcomes trade deal between EU and US
Taoiseach Micheál Martin has welcomed a deal between the European Union and the United States, which will see a 15% tariff on most EU imports to the US. The deal was reached during a meeting between Donald Trump and the president of the European Commission on Sunday. The US president met European Commission President Ursula von der Leyen to hammer out the final details on the trading relationship between Europe and the US. Reacting to the deal, Mr Martin said the agreement was very welcome. 'It brings clarity and predictability to the trading relationship between the EU and the US – the biggest in the world,' the Fianna Fail leader said. 'That is good for businesses, investors and consumers. It will help protect many jobs in Ireland. 'The negotiations to get us to this point have been long and complex, and I would like to thank both teams for their patient work. 'We will now study the detail of what has been agreed, including its implications for businesses exporting from Ireland to the US, and for different sectors operating here. 'The agreement is a framework and there will be more detail to be fleshed out in the weeks and months ahead.' Mr Martin said the higher tariffs will have an impact on trade between the EU and the US, which will make it more expensive and more challenging. US President Donald Trump enjoyed a round of golf before his meeting with Ursula von der Leyen 'However, it also creates a new era of stability that can hopefully contribute to a growing and deepening relationship between the EU and the US, which is important not just for the EU and the US, but for the global economy,' he added. 'Given the very real risk that existed for escalation and for the imposition of punitively high tariffs, this news will be welcomed by many.' The deal was also welcomed by deputy Irish premier and Minister for Foreign Affairs and Trade Simon Harris, who said it brings clarity to businesses. 'While we have yet to see the detail, I welcome that an agreement has been announced by Commission President von der Leyen and US President Trump,' Mr Harris said in a statement. 'A deal provides a measure of much-needed certainty for Irish, European and American businesses who together represent the most integrated trading relationship in the world. Ireland makes a key contribution to this with the Ireland-US economic relationship valued at more than one trillion euros. 'The US had made clear, and this has been replicated in other recent agreements, which the US has reached with other countries, that a baseline tariff was always going to be part of the outcome. 'I have always stressed that tariffs are damaging and will have a negative impact on companies exporting to the US. 'While Ireland regrets that the baseline tariff of 15% is included in the agreement, it is important that we now have more certainty on the foundations for the EU-US trade relationship, which is essential for jobs, growth and investment. 'President von der Leyen described this as 15% tariffs across the board, all-inclusive.' He said further detail is needed around pharma, aviation and other sectors. Mr Harris said he will examine the details of the agreement over the coming days to establish the effect on Irish businesses and the economy. Earlier, EU commissioner Michael McGrath said the meeting was a 'significant and decisive moment'. Mr McGrath, EU Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection, said it would involve substantive negotiations between both sides. 'It's a significant moment, we hope a decisive moment, and it builds on an enormous amount of work that has been done over quite a period of time,' Mr McGrath said ahead of the meeting. 'President Trump invited President von der Leyen to Scotland for a meeting. 'This follows on the back of intensive negotiations over a number of months. He added: 'It is not a case of turning up and signing on the dotted line. There will be a real discussion that will happen, and it will take on a dynamic of its own, and let's see what happens over the course of the afternoon. 'But from the EU's point of view, we are determined to do all that we can to get a deal for European businesses, because we recognise the cost of uncertainty. 'It manifests in trade and in investment decisions and ultimately in employment and of course tariffs can cost consumers at the end of the day. 'We want a good deal. We have negotiated hard, and we're at a point now where hopefully the two leaders can today bring it to a concluding phase.' Subscribe to our newsletter for the latest news from the Irish Mirror direct to your inbox: Sign up here.
RTÉ News
3 hours ago
- RTÉ News
Concern over future of planned €300m Wicklow film studio
Concerns have been raised about the future of a €300m film studio planned for Greystones in Co Wicklow because three years after the project was launched, there has been no sign of progress. Locals say there's a lack of information about what's happening to the site, and expressed concern about the €24m of taxpayers money committed to the project. They say if the media campus, which was expected to create 1,500 jobs, is no longer viable, the land should be used for other business purposes. Plans for state of the art studio and production facilities on the 44 acre site were unveiled to much fanfare in 2022, promising to build Ireland's largest tv and film campus, which was to have begun operating in 2024. A consortium called Hackman Capital Partners took a lease on IDA land for the Greystones Media Campus for 999 years at just under €600 a year Louise Gaskin, Chair of the East Wicklow Business Network, says her members are concerned about the lack of progress on the site and the "void" of information about the project. "It would bring a lot of community employment and it would bring for businesses locally, huge economic development. "Lying idle, it's becoming an ugly site, overgrown, just lying there doing nothing. "First of all we were being told it was about the actors strike going on. Then we were told it's commercially sensitive. Then we're getting blanks. "No one's coming back with information. So who has the information? Someone has to know something." Ms Gaskin said that - if there are questions about the viability of the project - she would like to see the lease agreement revoked and the land put to other business use. Since the launch of the Greystones Media Campus three years ago, planning permission has also been granted for a large media campus in South Dublin called Dublin Fields. However, those in the industry say that the facilities at Greystones are still badly needed. Larry Bass, Founder and CEO of ShinAwil Productions, says the lack of studio space in Ireland meant that his company had to build a new studio to film Dancing With the Stars when it returned after Covid-19 lockdowns. He said that, despite global uncertainty and the threat by Donald Trump of tariffs on the industry, Ireland's film industry personnel remain in demand, but the lack of studio space is a barrier to attracting productions here "Apple, Amazon, Netflix, the BBC, the big American networks, these studios will all still, thankfully, be creating new shows. "We're an English language country, we've got a fantastic crew base. "It has evolved from, maybe five or six thousand people working in the industry 20 years ago to over thirty thousand people, highly skilled, highly sought after. "All we need is the raw material, the place, to build. And you know, this has never been a truer statement. If you build it, watch them come." The Department of Finance said that while investment is likely to be on a phased basis, it can't say how much of the €24m committed to the Greystones Media Campus has been spent to date. It also says that the current Minister has not had any engagement on the project from the Irish Strategic Investment Fund or the consortium behind it, Hackman Capital Partners. A spokesman for the consortium said that they will make a statement on the project in the coming months.
Irish Post
16 hours ago
- Irish Post
PayPal to create 100 new jobs with expansion of Dublin office
AMERICAN multinational PayPal is to create 100 new jobs in Ireland with the expansion of its Dublin office. It is part of plans to establish an AI and fraud data science centre at the office, which will serve as a key spoke in the fintech company's global network. The news comes as PayPal continues to evolve its Dublin site — which opened in 2003 — beyond its roots as a customer service hub into a centre for innovation at the forefront of the global digital economy. "As we shape the next generation of digital payments, the talent and innovation coming from Ireland will play a critical role," said Aaron J. Webster, Global Chief Risk Officer at PayPal. "This expansion reflects both our confidence in the local ecosystem and our ambition to build an AI-driven, data-powered future that embeds trust and safety in every transaction. "We are proud to deepen our commitment to Ireland and to invest in highly-skilled roles that will help shape the future of PayPal globally." He added: "Our work to solve some of the most intricate and critical commerce challenges globally is fuelled by the unprecedented scale of our platform and unmatched data at our fingertips. "We are redefining what is possible by empowering data scientists to push boundaries, harness cutting-edge AI, and transform the future of fraud detection and payment security." The new roles will span a range of disciplines, including AI engineering, data science, software development, risk modelling and cybersecurity. These positions will support key strategic priorities such as loss prevention and enhancing outstanding customer experiences, placing innovation at the core of PayPal's global mission. The hiring initiative is being supported by the Irish Government through IDA Ireland, the country's investment promotion and development agency. Michael Lohan, CEO of IDA Ireland, said: '"I am delighted with PayPal's decision to create up to 100 new highly skilled tech jobs in Ireland. "This is a testament to Ireland's enduring appeal as a location for high-value investments. "We are proud to support this growth and look forward to the continued success of PayPal in Ireland."
