Search Results for: Ireland

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.…

Singapore will review its 80 bilateral agreements on avoiding double taxation to ensure they do not help companies avoid paying tax where relevant business activity took place. This follows its signing the Organisation for Economic Cooperation & Development (OECD)-sponsored Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.…

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.…

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.…

AUTOMOTIVE parts and vehicles have become the second most dangerous category of goods in the European Union (EU) in 2016, according to the most recent annual report of the EU’s ‘Rapid Alert System for non-food dangerous products’, or RAPEX.

The system routes safety alerts about consumer products within the 28 member states of the EU.…

THE EUROPEAN Union (EU) has taken a significant step towards the creation of a European Public Prosecutor’s Office (EPPO), but its chosen procedure may mean the powers of EU anti-fraud office OLAF will be undiminished, at least for some countries.

The latest European Council – the EU summit of heads of government – on March 9 agreed that the creation of the EPPO should be mandated through the EU’s ‘enhanced cooperation’ procedure.…

THE CONTINUED success of Europe’ major technical textile fair, Techtextil, Frankfurt, (the next event runs from May 9 to 12) illustrates how the continent’s technical textile sector is thriving on its innovation.

“We don’t know what the future brings. We only know where it will be exhibited.…

THE UNITED States authorities have lifted an embargo on French beef imports after 19 years, the French agriculture ministry has said, and European meat producers are delighted.

France is the fourth European Union (EU) country, after Lithuania, Ireland and the Netherlands, to have its beef re-admitted to the US market after a January 1998 ban imposed because of fears over bovine spongiform encephalopathy (BSE), also known as mad cow disease.…