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That’s a serious question, but with a delightfully nonsensical answer: All served as inspiration for national costumes on display during the 2023 Miss Universe pageant’s preliminary competition. (Specifically, those were the looks donned by Miss Great Britain, Miss Philippines, Miss Dominican Republic and, yes, Miss Switzerland.) Eighty-four countries are represented at this year’s Miss Universe, which is taking place in the El Salvadoran capital of San Salvador. Miss Nepal, Jane Garrett, is one of the first “curvy” women to compete at Miss Universe; Erica Robin, meanwhile, is the first woman to represent Pakistan at the pageant. Hector Vivas/Getty ImagesTrue to form for the competition, Miss France ventured into Moulin Rouge's costume department.
Persons: Miss Great, Miss Nepal, Jane Garrett, Erica Robin, R’Bonney Gabriel, Hector Vivas, Miss Brazil, El Salvador's, Alex Peña, Ireland's, carnations, Miss Nigeria's, Miss Curaçao's, Marina Machete, Miss Malaysia, Serena Lee, Jordanne Levy, Moulin, Anntonia Porsild, Bryoni Natalie Govender, Miss Mongolia's Organizations: CNN, Swiss Guard, Miss, El, Oxford English, Miss Netherlands, Games, country's Air Force, Images Locations: Miss Great Britain, Miss Philippines, Miss Dominican Republic, Miss Switzerland, El Salvadoran, San Salvador, Netherlands, Portugal, Miss, Pakistan, USA, Miss Iceland, Venezuelan American, Costa Rica, Miss Portugal, Honduras, Jamaica, Thailand, South Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople are getting more creative in money laundering: Ireland's finance minister of stateJennifer Carroll MacNeill, Ireland's finance minister of state, discusses the country's decision to bid to host the EU's anti-money laundering authority.
Persons: Jennifer Carroll MacNeill
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The Australian dollar fell 0.5% overnight and was last at $0.6405, just above its 50-day moving average. It seems set for its largest weekly fall since June, as the central bank appeared to raise the bar for further hikes after lifting rates on Tuesday. In Asia, China's yuan touched a two-month high in overnight offshore trade. China's consumer prices fell in October, data showed on Thursday, stoking expectations for lower interest rates.
Persons: Dado Ruvic, Gabriel Makhlouf, Joachim Nagel, Jane Foley, Mario Draghi, Brent, Ping, Michael Wan, Jerome Powell, Tom Westbrook, Christian Schmollinger Organizations: REUTERS, Central Bank's, Bank of Japan, Rabobank, Treasury, New Zealand, Canadian, Italian, ECB, Financial, Reuters, Ping An Insurance Group, HK, MUFG, Bank of Israel, Thomson Locations: SINGAPORE, Ireland's, U.S, Asia, Europe, Singapore, East, Gaza City
Australia's Smith charges to share of lead at Hong Kong Open
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +2 min
Oct 20, 2023; Doral, Florida, USA; Cameron Smith putts on the eighth green during the first round of the LIV Golf Miami golf tournament at Trump National Doral. Mandatory Credit: Sam Navarro-USA TODAY Sports/File Photo Acquire Licensing RightsHONG KONG, Nov 9 (Reuters) - Cameron Smith went on a late birdie blitz in a round of 63 to take a share of the first round lead at the Hong Kong Open on Thursday as the event made its return after a long COVID hiatus. Australian Smith caught fire from the 12th, rolling in five birdies in six holes to join Spaniard Eugenio Chacarra on seven-under at the storied Hong Kong Golf Club in Fanling. Coming off a break after the LIV event in Saudi Arabia last month, British Open winner Smith returned to action with eight birdies and a solitary bogey on the par-five third. The Hong Kong Open returned to the Asian Tour schedule this year after last being played in 2020.
Persons: Cameron Smith putts, Sam Navarro, Cameron Smith, Smith, Eugenio Chacarra, Thailand's Gunn Charoenkul, Korean Jang Yu, LIV, Chacarra, Patrick Reed, Ireland's Graeme McDowell, Wade Ormsby, Ian Ransom, Simon Cameron, Moore Organizations: LIV Golf Miami, Trump National Doral, Mandatory, USA, Hong, Hong Kong Golf Club, British, Oklahoma State University, Hong Kong Open, Thomson Locations: Doral , Florida, USA, HONG KONG, Hong Kong, Fanling, Korean, Hangzhou, China, Saudi Arabia, Saudi, Melbourne
The European Commission in its 2016 decision said Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion. "It is therefore necessary for the General Court to carry out a new assessment," Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a 700-million-euro Belgian tax scheme for 55 multinationals. Vestager is currently investigating IKEA brand owner Inter IKEA's Dutch tax arrangement in a case dating from 2017, Nike's (NKE.N) Dutch tax rulings and Finnish food and drink packaging company Huhtamaki's (HUH1V.HE) tax rulings granted by Luxembourg.
Persons: Mike Blake, Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU, Pitruzzella, Michael McGrath, Court’s, Vestager, Stellantis Organizations: REUTERS, Rights, EU, Apple, European Commission, of Justice, Justice, Court, Ireland, Dublin, Starbucks, IKEA, Inter IKEA's, Thomson Locations: La Jolla , California, U.S, Rights LUXEMBOURG, Ireland, Belgian, Luxembourg
[1/3] Horse Racing - Melbourne Cup - Flemington Racecourse, Melbourne, Australia - November 7, 2023 Jockey Mark Zahra reacts after riding Without A Fight to victory in race 7, the 2023 Melbourne Cup, during Melbourne Cup Day Joel Carrett/AAP Image via REUTERS Acquire Licensing RightsMELBOURNE, Nov 7 (Reuters) - Without A Fight won the 163rd running of the Melbourne Cup at Flemington Racecourse on Tuesday, with jockey Mark Zahra celebrating back-to-back triumphs in Australia's most prestigious race. Zahra became the first jockey to win back-to-back Melbourne Cups since Glen Boss rode Makybe Diva to a hat-trick of wins from 2003-05. Gold Trip, carrying the top weight of 58.5kg on a firm track, slumped to 17th under replacement jockey James McDonald. 'EXTRAORDINARY RIDE'Prepared by British duo Simon and Ed Crisford, Without A Fight ran 13th in last year's Melbourne Cup. Three-times Melbourne Cup-winning jockey Damien Oliver rode Alenquer to 21st in his final Melbourne Cup, the gelding cleared by stewards in the morning after reported for foot bruising.
Persons: Mark Zahra, Joel Carrett, Zahra, Anthony, Sam Freedman, I'm, He's, Glen Boss, Maher, David Eustace, James McDonald, Simon, Ed Crisford, hinds, Anthony's, Lee Freedman, It's, it's, Chris Waller, Vauban, Ireland's Willie Mullins, Damien Oliver, Alenquer, Eustace, Kris Lees, Cleveland, Ian Ransom, Peter Rutherford Organizations: Melbourne, Flemington, REUTERS Acquire, Rights MELBOURNE, Caulfield, Stewards, Thomson Locations: Melbourne, Australia, Australia's
Gaza City - traditionally a Hamas stronghold - was surrounded, military spokesperson Rear Admiral Daniel Hagari said. The Israeli military said its troops and tanks were encountering mines and booby traps as they advanced in Gaza. Those who live in Gaza City and the north will have to find shelter elsewhere as the Israeli forces have cut off roads. Israeli spokesperson Hagari said Israeli was also "highly prepared" on its northern border with Lebanon, where he said Iranian-backed militants were carrying out actions with the aim of diverting it from the war in Gaza. Palestinians trapped in Gaza City hoped that a truce could be reached soon.
Persons: Daniel Hagari, Leo Varadkar, Antony Blinken, Benjamin Netanyahu, Israel, Mustafa Dalul, Khan Younis, Amir Cohen, Ayman Safadi, Safadi, Abu Ubaida, Gazans, Hagari, Nidal al, Ali Sawafta, Dan Williams, Emily Rose, Maytaal, Clauda, Patricia Zengerle, Phil Stewart, Idrees Ali, Michael Perry, Angus MacSwan, Miral Fahmy, Andrew Cawthorne Organizations: Ireland's, Palestinian, Palestine, United, Israel, REUTERS, Jordan's, Qatari, West Bank, Workers, Reuters, Thomson Locations: Gaza, Israel, GAZA, JERUSALEM, Gaza City, Blinken, Iran, United Arab Emirates, Amman, United States, Egypt, Rafah, Lebanon, Iranian, Ramallah, Jerusalem, Dubai, Washington
REUTERS/Juan Medina/File Photo Acquire Licensing RightsDUBLIN, Nov 3 (Reuters) - Irish Prime Minister Leo Varadkar on Friday described Israel's actions in Gaza as "something approaching revenge", in some of the strongest criticism of Israel by a leader of a European Union member state. Gaza health authorities say at least 9,061 people have been killed in Gaza since Israel launched its assault on the enclave of 2.3 million people in retaliation for deadly attacks by Hamas militants on southern Israel. And I don't think that's how Israel will guarantee future freedom and future security," he said. Asked by a journalist whether Israel's actions were war crimes, Varadkar said "that's not for me to determine." The Gaza war has highlighted foreign policy divisions within the EU.
Persons: Leo Varadkar, Juan Medina, Israel, Varadkar, that's, Conor Humphries, Christina Fincher Organizations: Ireland's, REUTERS, Rights, Irish, European Union, RTE, United Nations, Thomson Locations: Granada, Spain, Gaza, Israel, South Korea, France, Netherlands, Portugal, Belgium, Ireland, Germany, Czech Republic, Austria, Western
Flooded pitch fails to dampen spirits of Ireland's women
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
"Wettest game in history but job done and top of the group with the girlsss," Ireland captain Katie McCabe posted on Instagram after the match in Shkoder. "Ballon Pour," Ireland team mate Louise Quinn commented under the post, a reference to McCabe, like many others, missing the Ballon d'Or ceremony on Monday despite her nomination. After 20 minutes of play the first rumbles were heard, accompanied by torrential rain. The game was scoreless at halftime and play was suspended for an hour as ground staff cleared the waterlogged pitch. Denise O'Sullivan scored the winner in the 88th minute, and with four wins from four games, Ireland have secured the group win and promotion with two games still to play.
Persons: Ireland's Katie McCabe, Dan Peled, Katie McCabe, Louise Quinn, McCabe, Denise O'Sullivan, Sinead Farrelly, Trevor Stynes Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Ireland, League, Women's Nations, Thomson Locations: New Zealand, of Ireland, Nigeria, Brisbane, Australia, Republic, Albania, Shkoder, Dublin
FRANKFURT, Germany (AP) — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. Inflation fell from an annual 4.3% in September as fuel prices fell by 11.1% and painful food inflation slowed, to 7.5%. The lower inflation figure follows a rapid series of interest rate hikes by the European Central Bank. The future path of inflation toward the ECB's target remain uncertain because core inflation, excluding volatile fuel and food prices, remains higher than the headline figure, at 4.2%. The current burst of inflation was set off as the global economy rebounded from the COVID-19 pandemic, leading to shortages of parts and raw materials.
Persons: Rory Fennessy, , Jack Allen, Reynolds Organizations: European Central Bank, European, Oxford Economics, European Central Bank . Higher, Capital Economics, Federal Reserve Locations: FRANKFURT, Germany, France, Europe, Russian, Ukraine, Moscow, U.S
Ireland's Cnamha La Loba Halloween Parade
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: 1 min
Street performance troupe Macnas performs during a Halloween parade called 'Cnamha La Loba', inspired by the legend of a wild wolf-woman who collects and preserves the bones of animals, humans, and Gods, in Galway, Ireland. GALWAY, Ireland
Persons: Macnas Locations: Galway, Ireland, GALWAY
People in the European Union, which includes 27 countries, the European Economic Area and Switzerland, will be able to pay 9.99 euros ($11) per month on the web or 12.99 euros ($14) per month month on iOS and Android to access the ad-free version of Facebook and Instagram. Meta said on Monday it will offer an ad-free subscription option for Facebook and Instagram in Europe after it faced a major challenge from regulators in the region this year. Meta said the introduction of the subscription service is aimed at addressing regulatory concerns. Meta pointed to this ruling as a reason for introducing the subscription offer. "In its ruling, the CJEU (European Court of Justice) expressly recognised that a subscription model, like the one we are announcing, is a valid form of consent for an ads funded service," Meta wrote.
Persons: Meta Organizations: European Union, European Economic, Facebook, General Data, Meta, of Justice Locations: Switzerland, Europe
Meta introduces ad-free plans for Instagram, Facebook in Europe
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
The logos of Facebook and Instagram and the words "Monthly subscription" are seen in this picture illustration taken January 19, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 30 (Reuters) - Meta Platforms (META.O) said on Monday it will offer users in Europe a subscription plan to use Facebook and Instagram without advertisements to comply with the European Union regulations. The monthly subscription plans for users in the EU, European Economic Area and Switzerland, will cost 9.99 euros ($10.58) for web users, while iOS and Android users will have to shell out 12.99 euros a month. The EU regulations threaten to curb Meta's ability to personalize ads for users without their consent and hurt its major revenue source. ($1 = 0.9446 euros)Reporting by Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Meta, Akash Sriram, Shinjini Organizations: REUTERS, Facebook, European, European Economic, Ireland's, EU, Thomson Locations: Europe, EU, Switzerland, Meta, Bengaluru
Web Summit's CEO quit after appearing to accuse Israel of "war crimes," triggering backlash online. In his first post on the subject, Cosgrave seemed to accuse Israel of war crimes. "War crimes are war crimes even when committed by allies, and should be called out for what they are." Proceed with cautionMany of the high-profile CEOs who have commented on the conflict so far have explicitly condemned Hamas and supported Israel. "If you have no connection to Israel, what is the point in mouthing off about political issues now?"
Persons: Execs, Israel, , Paddy Cosgrave, Cosgrave, I'm, Ireland's, Bill Kissane, Google's, Paul Argenti, Argenti Organizations: Service, Intel, Web, The London School of Economics, Political, Britain, Palestinian Liberation Organization, Web Summit, Google, Microsoft, Siemens, Israel, Tuck School of Business Locations: Israel, Lisbon, Ireland, Northern Ireland, mouthing
The bloc's executive proposed that member states chip in more to the shared coffers to provide 50 billion euros to Ukraine and spend another 15 billion on migration. Budgetary decisions require unanimity and divisions were on display on Thursday as the bloc's 27 national leaders arrived for a summit in Brussels. On the bloc's eastern flank, Estonian Prime Minister Kaja Kallas said that - beyond supporting Ukraine - joint spending should grow for improving EU defence capabilities. Lithuania said 50 billion euros for Ukraine was not enough. Orban's comments come as his government is trying to unlock billions in aid envisaged for Hungary in the EU budget but blocked by the European Commission over rule of law concerns.
Persons: Gabriela Baczynska, Jan Strupczewski BRUSSELS, Alexander de Croo, Kaja Kallas, Kyriakos, Hungary's Viktor Orban, Orban, that's, Ireland's Leo Varadkar, Olaf Scholz, Marine Strauss, Krisztina, Tassilo Hummel, Rene Maltezou, Jan Strupczewski, Tomasz Janowski Organizations: European Union, EU, Belgian, European Commission, Diplomats Locations: Ukraine, Russia, Brussels, Estonian, Lithuania, Greece, East, Africa, Budapest, Hungary, Austria, Western Balkans, Germany
Major tech giants Intel and Siemens have pulled out as sponsors of the Web Summit conference. Siemens told Insider that it's not attending due to "recent developments surrounding Web Summit." AdvertisementAdvertisementIntel and Siemens are pulling out as sponsors of Web Summit after its CEO and cofounder, Paddy Cosgrave, criticized the West's support for Israel, the companies confirmed to Insider. The multinational companies told Insider they're withdrawing from the European tech conference, which is set to take place in Lisbon next month. "Following recent developments surrounding Web Summit, we have reviewed the situation and determined that Siemens will not to attend in 2023," German tech firm Siemens told Insider in a statement Thursday.
Persons: it's, , Paddy Cosgrave, I'm, Cosgrave Organizations: Intel, Siemens, Web, Service, Israel Locations: Israel, Lisbon
The founder of tech conference Web Summit apologized for "profound hurt" over his Israel remarks. AdvertisementAdvertisementThe founder of European tech conference Web Summit has apologized for the "profound hurt" caused by his comments criticizing the West's support for Israel, which triggered several high-profile withdrawals from the event. AdvertisementAdvertisementGil Dibner, general partner at Angular Ventures, said it was "a time that calls for moral clarity" after canceling his speaking engagement at Web Summit. Dropouts increased, and within 24 hours the number of Israel-based speakers at Web Summit dropped from at least five to zero, according to Insider analysis. Other speakers lined up for Web Summit include Meta's Nick Clegg, as well as comedian Amy Poehler and actor Joseph Gordon-Levitt.
Persons: Israel, Paddy Cosgrave, , I'm, Garry Tan, Ravi Gupta, Cosgrave, State Anthony Blinken, Moshiel Biton, hadn't, Biton, Gil Dibner, Nick Clegg, Amy Poehler, Joseph Gordon, Levitt, Benjamin Netanyahu Organizations: Service, Israel, Sequoia Capital, State, Web, Angular Ventures, Web Summit, Hamas, West Bank Locations: Gaza, Hamas, Lisbon, Portugal, Israel
"War crimes are war crimes even when committed by allies, and should be called out for what they are." War crimes are war crimes even when committed by allies, and should be called out for what they are. Israel's ambassador to Portugal, Dor Shapira, announced Monday that his country would no longer participate in the Web Summit conference as a result of Cosgrave's "outrageous statements." AdvertisementAdvertisement"We are saddened to hear that some Israelis in the tech community will no longer be attending Web Summit," a spokesperson said. "To repeat: War crimes are war crimes even when committed by allies & should be called out for what they are," Cosgrave wrote.
Persons: Israel, , Paddy Cosgrave, I'm, Cosgrave, I’m, — Paddy Cosgrave, Dor Shapira, Shapira, Garry Tan, Y, Goshen, Ravi Gupta, Keith Peiris, Tome, Adam Singolda, David Marcus Organizations: Tech, Service, Web, AI21 Labs, Sequoia, PayPal, Web Summit, Hamas Locations: Europe, Israel, Irish, Lisbon, @paddycosgrave, Portugal, Goshen, Gaza, Palestinian
Bruised Ireland reflect on end of an era
  + stars: | 2023-10-15 | by ( Ossian Shine | ) www.reuters.com   time to read: +3 min
"You have a group of senior players who are moving on," he added, standing barefoot, still in full Irish kit. "There’s a group of guys who won't play for Ireland again who have had an incredible impact on Irish rugby, not only in the last few years but the last decade." "It's tough," O'Mahony said. "This is the best group I've ever been part of and these lads will go on to great things," he told reporters, tears glistening in his eyes. No doubt this team will have left Irish rugby in a better place.
Persons: , Peter O'Mahony pensively, Johnny Sexton, Winger Keith Earls, O'Mahony, I've, Johnny, fellas, Sexton, , he'll, " O'Mahony, We've, Jasper Shine, Christian Radnedge Organizations: Rugby, New Zealand, Stade de France, Ireland, Irish, Nations, British & Irish Lions, Leinster, Thomson Locations: Ireland, Paris, New
Missed penalty will hurt Sexton, says O'Driscoll
  + stars: | 2023-10-15 | by ( ) www.reuters.com   time to read: +2 min
"It's tough when you don't get that fairytale ending you were hoping for," O'Driscoll said on ITV. In the final minutes, Ireland hammered away at the All Blacks line, but New Zealand held out. You can always looked back at missed opportunities, but they gave everything they had and they were repelled," O'Driscoll said. "The really frustrating thing, and talking about Johnny Sexton looking back we have to say it, there was a missed penalty after 58 minutes that gets it to within drop goal range. You never blame kickers but knowing him, it will be one that will really hurt him."
Persons: Brian O'Driscoll, Johnny Sexton, O'Driscoll, Sexton, Johnny, Trevor Stynes, Ed Osmond Organizations: Ireland, Rugby, New Zealand, Wales, ITV, Blacks, Thomson Locations: New, Ireland
Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. Rebuilding the London nickel contract is clearly very much work in progress. FIXING NICKELOthers, meanwhile, are looking to muscle into the LME's nickel price discovery domain. The Shanghai market also took a big collateral hit from the London turmoil, volumes on its nickel contract collapsing by 53% last year relative to 2021. The blow-out of the nickel contract and the resulting near-death experience of both brokers and exchange have sapped confidence in the historical market of last resort.
Persons: Simon Dawson, Elliott, Nicolas Aguzin, Matthew Chamberlain, hasn't, it's, Ireland's, Kirsten Donovan Organizations: London Metal Exchange, REUTERS, U.S, Elliott Associates, Jane, Trading, Hong Kong Exchanges, HK, Bloomberg, London, Global Commodities Holdings, Abaxx Commodities Exchange, Canadian, Technologies Inc, Shanghai Futures Exchange, EV, CME, Reuters, Thomson Locations: London, Britain, London's, China, Shanghai, U.S
Ireland top for turnovers, Argentina have worst scrum
  + stars: | 2023-10-11 | by ( Mitch Phillips | ) www.reuters.com   time to read: +3 min
Of the eight quarter-finalists, Ireland have won the most turnovers per game (5.3) and average less than 10 penalties per game (9.3) - ranking third. They have the second-best lineout success (91%), second-best tackle success and conceded the fewest penalties (eight). Their scrums had the second-worst success rate and they are fifth for lineout success, though they have made the most lineout steals (2.3). They are joint-worst with Fiji in turnovers conceded (17) and four out of 10 possessions end in an error. Traditional fans of Argentina will be horrified to see that they have worst scrum success (80%) and have won fewest turnovers but in attack they have the fastest average ruck speed (3.37 seconds) and the most rucks under two seconds (37%).
Persons: Mitch Phillips, Christian Radnedge Organizations: World Rugby, Ireland, New Zealand, Fiji, Thomson Locations: MARSEILLE, France, Italy, Uruguay, Ireland, Argentina, Wales
PARIS, Oct 12 (Reuters) - Andy Farrell concedes that Ireland have suffered from an inferiority complex in the past but believes his team are ready to embrace the challenge of being the best in the world. On Saturday, the top-ranked Irish face a major challenge to those ambitions in the World Cup quarter-finals when they take on three-times world champions New Zealand, long the benchmark for test rugby teams. Although Ireland could match the top tier record for winning streaks with an 18th straight victory on Saturday, Farrell conceded that Ireland's miserable record in World Cup knockouts might come into his players' heads at some stage. And when we do that, you're not on your own so you can get away from those types of thoughts." The former England dual code international said Ireland were learning to embrace even that element of being top dogs.
Persons: Andy Farrell, Farrell, Nick Mulvenney, Toby Davis Organizations: New Zealand, Ireland, All Blacks, Blacks, Thomson Locations: Ireland, England
"What's happened in the past is irrelevant, we're just trying to get better every week and so are they." "I don't think we're carrying much baggage, it's a one-off game and we've got to prepare for it." Farrell was able to name an unchanged starting team for the game with Mack Hansen and James Lowe both passed fit to play. Farrell said Ryan would probably be available for the semi-finals if Ireland managed to get past New Zealand. "That's what we're preparing for, the toughest game we've ever faced, and that we're going to be ready for it."
Persons: Andy Farrell, Farrell, we're, Johnny Sexton, we've, Mack Hansen, James Lowe, Hansen, Lowe, James Ryan, Joe McCarthy, Jimmy O'Brien, Stuart McCloskey, Ryan, you've, We've, they've, Sexton, flyhalf, Hugo Keenan, Garry Ringrose, Bundee Aki, Jamison Gibson, Doris, Josh van, Peter O'Mahony, Iain Henderson, Tadhg Beirne, Tadhg Furlong, Dan Sheehan, Andrew Porter, Ronan Kelleher, David Kilcoyne, Finlay Bealham, Jack Conan, Conor Murray, Jack Crowley, Jimmy O’Brien, Nick Mulvenney, Christian Radnedge Organizations: Ireland, New Zealand, Scotland, Stade de France, & Irish Lions, All Blacks, Blacks, Lions, Thomson Locations: New Zealand, Ireland
Ireland hikes bank levy to 200 mln euros, revises methodology
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Clodagh Kilcoyne/ File Photo Acquire Licensing RightsDUBLIN, Oct 10 (Reuters) - Ireland will revise how it calculates its levy on banks after announcing plans to raise 200 million euros ($211.7 million) from the measure next year, up from 87 million euros in 2023, Finance Minister Michael McGrath said on Tuesday. The share paid by the remaining three banks is based on the amount of deposit interest retention tax (DIRT) each pay. McGrath told a news conference that the basis of the levy will change to being related to the value of a lender's deposits. Analysts at Davy Stockbrokers had said that an increase to 200 million euros based on the existing DIRT would have had an outsized impact on Permanent TSB (PTSB.I), relative to its larger rivals AIB (AIBG.I) and Bank of Ireland (BIRG.I). Davy estimated that the incremental impact from an increase based on retail or household deposits would be in the range of 2-3% of 2024 profit before tax across all three banks, based on its current forecasts.
Persons: Finance Paschal Donohoe, Michael McGrath, Clodagh, McGrath, Davy Stockbrokers, Davy, Padraic Halpin, William Schomberg, Mark Heinrich Our Organizations: Finance, Public Expenditure, REUTERS, Rights, TSB, AIB, Bank of Ireland, Thomson Locations: Dublin, Ireland, LONDON
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