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GE calls off sale of appliances business to Electrolux

    GE calls off sale of appliances business to Electrolux

General Electric has walked away from a $3.3 billion agreement reached in September 2014 to sell its appliances business to Sweden’s Electrolux, terminating the deal after months of opposition from

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Government aims to increase R&D spend to €5b by 2020

    Government aims to increase R&D spend to €5b by 2020

The Government launches today a new five-year science strategy, which aims to double total spending on research and development in Ireland to €5 billion by 2020. The strategy, titled Innovation

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Forecast predicts 6% growth in Irish economy

    Forecast predicts 6% growth in Irish economy

The Irish economy is expected to grow by almost 6% this year, according to a new forecast. The EY Economic Eye forecast for winter shows that Ireland’s economy is on

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Insuremyhouse.ie to create 50 new jobs

    Insuremyhouse.ie to create 50 new jobs

Online home insurance broker Insuremyhouse.ie is to create 50 new jobs as part of a three-year expansion programme. The new roles will be across sales, advisory and administration areas, with

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Hailo launches cashless payment service HailoPay

    Hailo launches cashless payment service HailoPay

The taxi-booking app, Hailo, has introduced HailoPay, a new service that will allow customers to pay for a non-booked journey via the app with their card. The new service will

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Infosys to create 250 jobs in Ireland

    Infosys to create 250 jobs in Ireland

Taoiseach Enda Kenny TD and Richard Bruton TD, the Minister for Jobs, Enterprise and Innovation, Government of Ireland announced today that Infosys intends to create 250 new jobs over the

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Eir acquires Setanta Sports Ireland

    Eir acquires Setanta Sports Ireland

Telecommunications company Eir has agreed to acquire Setanta Sports Ireland, the international sports broadcaster based in Ireland. The sum of the transaction is undisclosed. The company, which recently rebranded from Eircom,

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Motorola Solutions to buy Airwave for $1.2b

    Motorola Solutions to buy  Airwave for $1.2b

Motorola Solutions announced that it would acquire Airwave for £817.5 million. The Walkie-talkie and radio systems maker expects its net cash payment to be approximately £700 million at closing, based on purchase price

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Audi names new chairman and R&D boss to bounce back from VW emission scandal

    Audi names new chairman and R&D boss to bounce back from VW emission scandal

Audi has appointed a new chairman and a new development chief as Volkswagen’s flagship luxury division struggles to recover from an emissions scandal. The German carmaker has named Volkswagen Chief Executive

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OPEC set to maintain oil output levels

    OPEC set to maintain oil output levels

OPEC appeared unlikely to cut oil production to lift languishing prices at a meeting in Vienna on Friday, potentially worsening one of the worst crude gluts in history. Despite oil

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LinkedIn announced 100 new jobs in Ireland

    LinkedIn announced 100 new jobs in Ireland

LinkedIn, the social network for business people and professionals, is currently opening 100 positions in Ireland. Marking the fifth anniversary in Dublin today, LinkedIn announced that it is on course to

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Jumbo jet ‘Cosmic Girl’ to launch Virgin Galactic spaceship

    Jumbo jet ‘Cosmic Girl’ to launch Virgin Galactic spaceship

Richard Branson announced that a 747 jumbo jet will be adapted for use as a launchpad for a Virgin Galactic spaceship. ‘Cosmic Girl’, a former Virgin Atlantic airliner, will be

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ABB delivers its 10 millionth variable speed drive

    ABB delivers its 10 millionth variable speed drive

In November, at ABB’s Beijing factory the 10 millionth ABB low voltage drive rolled off the production line. The 10 millionth drive is going to Wuhan Guide Electric Co., Ltd.

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Topaz takeover ‘a game-changer’ for Ireland’s retail sector

    Topaz takeover ‘a game-changer’ for Ireland’s retail sector

Largest Irish convenience and fuel retailer, Topaz Energy Group, is to be acquired by the publicly quoted Canadian company Alimentation Couche-Tard. The two companies signed an agreement today that will

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AB InBev to sell SABMiller’s Grolsch, Peroni

    AB InBev to sell SABMiller’s Grolsch, Peroni

The beermaker Anheuser-Busch InBev NV is looking to sell the Peroni and Grolsch brands as it works to gain regulatory clearance over its planned acquisition of the world’s second largest

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Microsoft Office 365 goes down for users across Europe

    Microsoft Office 365 goes down for users across Europe

Microsoft’s Office 365 service has gone offline for many users in the UK and Europe on Thursday due to a problem with Microsoft’s cloud computing service, Azure. The issue has now

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Ryanair reported almost 100 million passengers flew in 12 months

    Ryanair reported almost 100 million passengers flew in 12 months

Ryanair has released a statement saying its passenger number grew by 21% to reach 7.71 million in November. This compares to 6.35 million the same month last year. The Dublin-based Ryanair carried

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EU launches investigation into McDonald’s Luxembourg tax deals

    EU launches investigation into McDonald’s Luxembourg tax deals

The European Union commission has opened a formal state aid investigation into allegations that fast food giant McDonald’s received a tax deal from Luxembourg six years ago. The case against

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NAMA to launch €5.6 billion project and to create thousands of jobs and new homes

    NAMA to launch €5.6 billion project and to create thousands of jobs and new homes

The National Asset Management Agency has announced further details of its plans to build commercial and residential developments in the Dublin. This project aims to deliver almost 4 million square feet

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Industry and Business TV meets Carbon Action

As part of Industry and Business TV we went along to DataCentres Ireland and spoke to a number of exhibitors, speakers and attendees all involved in data centres here in

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New €26m geoscience research centre iCRAG at UCD

    New €26m geoscience research centre iCRAG at UCD

A new €26 million world class geoscience research centre iCRAG has been opened at University College Dublin  to focus on the discovery, de-risking and sourcing of raw materials. Minister for Skills,

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GE Healthcare invests $40m to create 140 jobs in Cork

    GE Healthcare invests $40m to create 140 jobs in Cork

GE Healthcare today announced a $40 million investment in its manufacturing facility in Carrigtwohill, Cork. Employment at the Cork facility, which currently stands at almost 500 people, is expected to

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Ryanair lauched High Court action against Google and eDreams

    Ryanair lauched High Court action against Google and eDreams

Ryanair announced that it had launched High Court proceedings against both eDreams and Google to stop them misleading consumers by advertising non-existent Ryanair fares via the eDreams website and Google

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Cadbury owner looking to sell Terry’s brand – report

    Cadbury owner looking to sell Terry’s brand – report

Mondelez International, the owner of the Cadbury chocolate brand, has hired bankers to explore the sale of a number of

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UTV shareholders approve sale of television business for £100m

    UTV shareholders approve sale of television business for £100m

UTV Media shareholders have approved the £100m sale of its television business to ITV. The Northern Irish firm announced in

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BMS recruiting 400 for new biologics plant in Dublin

    BMS recruiting 400 for new biologics plant in Dublin

The global biopharma company, BMS, which focuses on helping patients prevail over serious illness, is growing operations, constructing a new

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Martin Senn steps down as CEO of Zurich Insurance

    Martin Senn steps down as CEO of Zurich Insurance

Zurich Insurance announced that chief executive Martin Senn was stepping down, with chairman Tom de Swaan immediately taking temporary charge

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Irish manufacturing growth slows in November

    Irish manufacturing growth slows in November

Ireland’s manufacturing sector expanded in November, but growth moved at the slowest pace in 21 months according to Investec’s monthly Purchasing

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Charter company setting up Shannon base

    Charter company setting up Shannon base

A leading worldwide private aircraft charter operator is establishing a base in Co Clare. Athens-based GainJet Aviation has begun the

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