China urges US to 'correct wrongdoings' on Chinese AI chip curb
Euronext, the operator of the Dublin Stock Exchange, has called on the government...
The UK-EU deal, Keir Starmer said on Monday, is a "win-win" for all sides. But if...
The EU will need to spend at least €10bn more than last year to refill its gas...
The US dollar weakened broadly on Monday, hitting a more than one-week low against...
China on Monday urged the US to "immediately correct its wrongdoings" and stop "discriminatory"...
PepsiCo has announced that it has closed the acquisition of Poppi, the prebiotic...
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The Irish Sun
9 minutes ago
- The Irish Sun
No10 confirms if there will be bank holiday for Euros win after Lionesses soared to victory with penalty heroics
THE Government has confirmed if there will be a bank holiday following the Lionesses' historic Euros victory. A decision has been made after Chloe Kelly's cool penalty decided in Basel, Switzerland, last night. Advertisement 2 PM Keir Starmer in the stand before the final yesterday Credit: Getty 2 Chloe Kelly converted the decisive kick as England beat Spain 3-1 on penalties Credit: AFP They are the first senior England football team to on foreign soil and the first to retain a trophy after victory in 2022. But speaking today, the Business Secretary Jonathan Reynolds has revealed that there won't be a bank holiday to celebrate the win. Speaking to Times Radio, Mr Reynolds said: "There should be a day of celebration. That's what the prime minister promised. "That's not a bank holiday, but there is a Downing Street reception today. There'll be the Victory Parade tomorrow. Advertisement "I'm afraid I can't announce a bank holiday, but there should be a celebration to mark this brilliant achievement." The Prime Minister has previously pushed for a bank holiday to celebrate the Lionesses' achievements. Ahead of their loss to Spain in the World Cup final two years ago, Sir Keir Starmer has backed the day of celebration. Writing on X at the time, he said: "It's almost 60 years since England won the World Cup. Advertisement Most read in Football Live Blog "I'm never complacent about anything… but there should be a celebratory bank holiday if the Lionesses bring it home." Mr Reynolds added: "It's a magnificent achievement and it was just a privilege to watch. "I think this team handles the big tournament pressure better than any England team I've ever seen. "I mean, there were some tough moments, but they really came through." Advertisement England fell behind to a goal by Mariona Caldentey in the 25th minute, but scored a stunning equaliser after half time. The teams battled it out in 30 minutes of extra time before England's Advertisement Meanwhile, an estimated 16 million Brits watched from home. Manager ran on to the pitch punching the air as she joined the mass of players and staff mobbing Kelly. The Moments later, Kelly said: 'I am so proud of this team. So grateful to wear this badge. So proud to be English. I was cool, I was composed. Advertisement 'I knew I was going to hit the back of the net. Unbelievable. All the staff and Sarina Wiegman — she has done it again! Unbelievable. 'It is going to be crazy. I hope the whole of England comes out to support us and shows their love to these girls as they deserve it.' More to follow... For the latest news on this story keep checking back at The Sun Online Read more on the Irish Sun is your go-to destination for the best celebrity news, real-life stories, jaw-dropping pictures and must-see video. Advertisement Like us on Facebook at
RTÉ News
39 minutes ago
- RTÉ News
Europe 'capitulated' on US tariff deal, says Ibec CEO
CEO of Ibec Danny McCoy has described the deal reached by the European Union and the United States on trade tariffs as a capitulation by Europe. The agreement will see EU exports taxed at 15% in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. The deal was announced following a meeting between European Commission President Ursula von der Leyen and US President Donald Trump. Speaking on RTÉ's Morning Ireland, Mr McCoy said: "The good news, if there is good news on this, is that uncertainty may be dissipating and that's going to be important for people in business to make decisions." However, he said the deal was "fairly punishing" for the EU and added "Europe has capitulated". "It's quite tragic that we are in this situation. If Europe had equal strength, it could have confronted the United States," he said. Mr McCoy said that while the EU is a "strong economic zone", its weakness is that "we cannot defend the European Union". Under the deal, the EU pledged to buy US military equipment and European companies are to invest $600 billion in the US over President Trump's second term. "US businesses are now favoured coming into Europe without tariffs and our European businesses are facing 15%. "In time, this will lead to a lot of changes in terms of businesses having to look at different markets than the United States or suffer significant losses trading with the United States," Mr McCoy said. He also raised concerns for Ireland that goods from the UK entering the US will have a smaller tariff rate of 10%. The US and UK agreed to a trade deal in early May, which included a baseline 10% tariff on most goods exported to the US, with certain exemptions. The agreement includes goods being exported from Northern Ireland. EU-US tariffs deal gives clarity, says minister Minister for Enterprise Peter Burke said that the deal brings clarity and avoids a trade war that could have resulted in 30% tariffs on EU goods. Speaking on the same programme, he said: "It gives certainty which is key, but there's three key areas I think we have to focus on. "We are about four days away, which would have been a 30% tariff for the US and that would have been very significant for all our companies right across the country. "Secondly, I think it avoids a direct trade war because we're very much aware that there was about €100 billion of countermeasures that were ready to be deployed, which would have a very significant effect on Ireland and as well on the north-south economy." Mr Burke added that "the devil is in the detail and we do need to see those key areas, those carve-outs that have been specifically called out by the President of the Commission yesterday". He said that the Irish Government "is very, very clear and has been that tariffs are bad" and said 15% is a "very significant tariff". In relation to pharmaceuticals, Mr Burke said that the understanding is that the 15% tariff "will be a ceiling" subsequent to the US investigation. "Pharmaceuticals are very complex, a lot of the product that is exported over to the US is not a complete product. Almost 70% of it is components of the final product that will come together. "And that's why we do need to ensure that we have a very keen rate to ensure we incentivise innovation in that sector because that's so important for the global economy. "We've about 100,000 employees in Ireland, 130 billion exports in the life science sector and the Government will be bringing forward a separate life science strategy later on this year, which will be key in continuing the investment and offering a very competitive proposition from Ireland's perspective," Mr Burke added.
Irish Times
39 minutes ago
- Irish Times
Dublin-listed Aquila European Renewables hits hurdle winding down
Aquila European Renewables (AER), the UK-based green energy company that took on a secondary listing in Dublin two years ago, has hit a hurdle in its plans to wind down as the potential buyer of a large portion of its assets scaled back its bid. The company, whose shares have been rarely traded in Dublin since the dual listing, said that it has paused the sales process with the preferred bidder, who is no longer in exclusivity. Still, it says that that 'dialogue remains open' between both sides. The unnamed bidder was originally being lined up to buy less than half of its assets. Its assets had a net value of €317.4 million at the end of March. 'After comprehensive and positive due diligence by, and extensive negotiations with, the preferred bidder resulting in a broadly agreed form share purchase agreement, a revised offer from the preferred bidder has been received,' it said. 'This revised offer has seen the preferred bidder reduce the number of assets they can currently acquire, with their current available funds. The indicated acquisition price has also been further reduced.' READ MORE It added: 'The revised offer would mean a less material proportion of the portfolio would be sold and is expected to lead to a situation which is potentially prejudicial to the marketability of the balance of the portfolio.' The board will provide an update to shareholders on the sales process once the implications and alternatives have been properly explored, the company said. AER, which floated in London in May 2019, had a wind, solar and hydro power portfolio with a capacity of 435 megawatts (MW) across Scandinavia, Greece, Spain and Portugal at the end of December, according to its latest financial report. It stated at the time of the initial public offering that it would target projects in the Republic but that never materialised. AER chose to list in Dublin to enhance the company's appeal to investors across Europe while being quoted in an English-speaking market. However, it failed to boost trading in the stock. The company decided last September to put itself into wind-down as the stock had consistently traded at a discount to its intrinsic value and other headwinds. The company sold its 18 per cent interest in an almost 108MW Portugues hydropower project last month for €16.5 million, in line with the asset's valuation on its books at the end of 2024. AER is also pursuing sales processes for other remaining assets that were not part of the exclusivity talks. These include a Finnish wind asset and other unspecified projects. Shares in Aquila have fallen by 40 per cent over the past five years in London.
