Search Results for: Irish

DAIRY robots might seem like science fiction, but their use has increased dramatically in Europe over the last 20 years. Ireland’s Animal and Grassland Research and Innovation Centre (Teagasc) predicts 20% of cows will be milked automatically by 2020, with other reports citing a 50% rate in northwest Europe by 2025.…

WITH the UK having triggered Article 50 of the Treaty on European Union, starting the two-year countdown to its exit from the EU, maybe no group outside the UK has more at stake than Irish farmers.

“Brexit presents the most serious threat to Irish farming and our agri-food sector in the history of the state.…

THE BANK of Ireland, one of the country’s major commercial banks, has been fined EUR3.15 million for persistent breaches of Irish anti-money laundering and combating the financing of terrorism (AML/CFT) rules over more than three years.

These penalties have been imposed by the Central Bank of Ireland because of 12 offences under Ireland’s Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 between the year the law was enacted, most continuing on average until 2013, some until 2015.…

RUSSIAN air traffic controllers in Smolensk have been blamed by Poland’s Deputy Prosecutor, Marek Pasionek, for the 2010 air crash in Russia that killed Poland’s president Lech Kaczynski and 95 other senior Polish politicians. Speaking at a press conference on April 3, Pasionek said that a detailed investigation had revealed “evidence that has allowed prosecutors to formulate new charges against air traffic controllers, citizens of the Russian Federation”.…

A LARGE new office block near the National Concert Hall in Dublin could be the ultimate statement that Ireland’s medical technology (medtech) industry has come of age. With large windows set into sandstone-coloured walls, the building will house the headquarters of Medtronic, the US giant which moved its headquarters to Ireland in 2015 as part of a USD42.9 billion acquisition of rival Covidien, also based in Ireland but from a similarly American corporate background.…

THE CENTRAL Bank of Ireland has fined Allied Irish Banks (AIB) EUR2.275 million for breaches of Ireland’s 2010 Criminal Justice (Money Laundering & Terrorist Financing) Act. The offences have been admitted by AIB. This follows a central bank inquiry that concluded commercial and retail bank AIB broke this anti-money laundering (AML) law for three years after it came into force, (in July 2010) on average – with breaches continuing until July 2014.…

EUROPEAN and French meat industry organisations are preparing to respond to China’s decision to lift its embargo on French exports of de-boned beef for animals. China is the second largest importer of beef worldwide: “We welcome the move in principle,” European Union (EU) farm body Copa-Cogeca’s secretary general Pekka Pesonen told GlobalMeatNews.…

THE EUROPEAN Union’s (EU) XP-DITE accelerated checkpoint design integration test and evaluation project has enabled the creation and approval of the world’s first combined EU and United States pre-clearance checkpoint. Its goal is to create a regulatory system that gives the designers and operators of airport checkpoints more freedom to choose how they build and run these systems, making them more effective and maybe cheaper, but at the same time guaranteeing a high level of security.…

WITH President Donald Trump having consigned the Trans-Pacific Partnership (TPP) trade deal to the dustbin of history, focus is now switching to his intentions over the Transatlantic Trade & Investment Partnership (TTIP) that has been under negotiation since 2013.

If completed, this could be one of the biggest trade deals ever signed – uniting the economies of the USA and the European Union (EU), which will still be huge, even if Britain makes good on its 2016 referendum result to quit the bloc.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…