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☆ Ireland Eases Repayment Terms on COVID-19 Deferred Business Taxes
▼ + stars: | 2024-02-05 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

DUBLIN (Reuters) - Ireland's finance minister said on Monday the country's tax office would not force firms to pay interest on taxes deferred during the COVID-19 pandemic and allow extra time to repay the debt once they keep on top of current liabilities. The government introduced the tax warehousing scheme in May 2020 and firms that had deferred liabilities that arose during one of Europe's toughest lockdown regimes had already been given extra time until May 2024 to enter into repayment arrangements. The tax office said that 5,265 taxpayers were responsible for the bulk of the warehoused debt – 1.5 billion euros – and that almost 70% of the firms with deferred debts owe less than 5,000 euros each. Business insolvencies in Ireland rose 32% year on year in 2023, but were still below pre-pandemic levels. Accounting firm PwC, which compiled the figures, expects a similar rise in 2024 and a return to the 20-year average of annual closures.

Persons: Michael McGrath, McGrath, Padraic Halpin, David Evans Organizations: DUBLIN, Reuters, Ireland's, insolvencies Locations: Ireland

☆ Ireland Seeking Review of EU-Israel Agreement Over Rights Concerns
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Ireland is in talks with other EU members who want a review of the EU-Israel Association Agreement on the basis that Israel may be breaching the agreement's human rights clause, Prime Minister Leo Varadkar told reporters in Brussels on Thursday. A number of EU states are also talking about a possible joint recognition of a Palestinian state after the current conflict, he said. "EU-Israeli relations are founded on an agreement which has a human rights clause, and a lot of us believe that Israel may be in breach of it," Varadkar told reporters following an EU summit. Ireland has long been a champion of Palestinian rights, and ministers have repeatedly said the government is considering recognising a Palestinian state. Speaking at the end of the EU summit, Varadkar said there were a lot of "very like-minded countries" around the EU table.

Persons: Leo Varadkar, Varadkar, Conor Humphries, Padraic Halpin, Hugh Lawson Organizations: Reuters, EU, Israel Locations: Ireland, Israel, Brussels, Palestinian, Gaza, Palestine, Dublin

☆ Over 100 Flights Cancelled at Dublin Airport Due to Storm
▼ + stars: | 2024-01-21 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

DUBLIN (Reuters) - Airlines cancelled 102 flights in and out of Dublin airport on Sunday due to a storm that was forecast to rage for the rest of the day, the airport operator said. Storm Isha had also forced 24 aborted landings by 1700 GMT, while 27 flights opted to divert to other airports, Dublin Airport said in a post on social media platform X.Ireland's national meteorological service Met Eireann issued an orange weather warning early on Sunday for most of the country, including Dublin, meaning the winds could significantly impact people, property and activity in an area. Parts of the west and northwest were placed under a more severe red warning. Amsterdam's Schiphol Airport cancelled 130 flights scheduled for Monday as a preventive measure because of strong winds expected when Storm Isha reaches the Netherlands, the airport said on Sunday. (Reporting by Padraic Halpin, Editng by Angus MacSwan)

Persons: Storm Isha, Padraic Halpin, Angus MacSwan Organizations: DUBLIN, Reuters, Airlines, Dublin Airport, Met, Schiphol Locations: Dublin, Netherlands, Editng

☆ On Visit to Ireland, Chinese Premier Eyes Deeper Economic Ties
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

DUBLIN (Reuters) - China would like to deepen economic and trade cooperation with Ireland, particularly in areas of "huge potential" such as green technologies and the digital economy, Premier Li Qiang said on Wednesday during a trip to Dublin. "Looking ahead, we would like to work more closely with Ireland to build on what we already achieved," Li said in a speech through an interpreter. "There's huge potential in our cooperation in green technologies, in bio manufacturing, in the digital economy. Li, who is finishing his European trip in Ireland, highlighted China's potential for foreign investment in a keynote speech to business leaders at the World Economic Forum (WEF) in Davos on Tuesday. Before exchanging toasts with Li, Prime Minister Leo Varadkar said Ireland was also committed to pursuing deeper economic ties and assisting Irish and Chinese companies, on the basis of transparency and fair competition.

Persons: Li Qiang, Li, Li Keqiang, Leo Varadkar, Varadkar, Padraic Halpin, Jon Boyle, Tomasz Janowski Organizations: DUBLIN, Reuters, Ireland, Economic, United Nations Security Council Locations: China, Ireland, Dublin, Davos, Ukraine, East, Myanmar

☆ Shane MacGowan, hard-drinking poet of The Pogues, dies at 65
▼ + stars: | 2023-11-30 | by ( Conor Humphries | ) www.reuters.com time to read: +5 min

[1/2] Shane MacGowan, former lead singer of The Pogues, performs during the Montreux Jazz festival in the [Miles Davis] Hall late July 15, 1995. MacGowan and his band The Popes were part of the 'Irish Night' during the festival. MacGowan brought Irish traditional music to a huge new audience in the late 1980s by splicing it with punk, and achieved mainstream success with his bittersweet, expletive-strewn 1987 Christmas anthem "Fairytale of New York". Irish President Michael D. Higgins, also a poet, described MacGowan on Thursday as one of music's greatest lyricists. Following a decade with a new band, the Popes, MacGowan and the Pogues reunited and toured regularly until 2014.

Persons: Shane MacGowan, Miles Davis, MacGowan, Stringer, Pogues, Nick Cave, Victoria Mary Clarke, Jesus, Mary, Therese, Pogue Mahone, Elvis Costello, Joe Strummer, Michael D, Higgins, Kirsty MacColl, Bono, Sinead O'Connor, Glen Matlock, Johnny Depp, Cave, Muvija M, Graham Fahy, Conor Humphries, Padraic Halpin, Alex Richardson, Andrew Heavens Organizations: Montreux Jazz, Hall, Guardian, Westminster School, Pogues, Sex, Thomson Locations: Kent, Ireland, DUBLIN, London, Irish, York, English, Soho, Siam, New Zealand, Japan

☆ Dublin Wakes to Looted Stores, Smouldering Vehicles After Night of Riots
▼ + stars: | 2023-11-24 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

It took officers several hours to regain control after the crowd grew to around 200 to 300 people. A double decker bus, tram and police car were burned out, public transport shut down and people urged to stay away from large parts of the city. Dublin Fire Brigade said firefighters continued to damp down a smouldering tram on O'Connell Street on Friday morning and make the scene safe. Public transport resumed, but with restrictions in the area. There are no far-right parties or politicians elected to parliament, but small anti-immigrant protests have grown in the last year.

Persons: Padraic Halpin, Conor Humphries DUBLIN, Patrick McMenamin, Kate Holton Organizations: Reuters, Police, Fire Brigade, Public Locations: Dublin's, O'Connell

A bus burns during a demonstration following a suspected stabbing that left few children injured in Dublin, Ireland, November 23, 2023. A double decker bus, tram and police car were burned out, public transport shut down and people urged to stay away from large parts of the city. Dublin Fire Brigade said firefighters continued to damp down a smouldering tram on O'Connell Street on Friday morning and make the scene safe. Public transport resumed, but with restrictions in the area. There are no far-right parties or politicians elected to parliament, but small anti-immigrant protests have grown in the last year.

Persons: Clodagh, Patrick McMenamin, Padraic Halpin, Kate Holton Organizations: REUTERS, Rights, Police, Fire Brigade, Public, Thomson Locations: Dublin, Ireland, Dublin's, O'Connell

DUBLIN, Nov 23 (Reuters) - Irish police said five people, including three young children, had been taken to hospital on Thursday following what local media said was a stabbing in Dublin city centre on Thursday. He added that he saw a man lying on his side but did not see the events before. One girl has sustained serious injuries and the other two children are being treated for less serious injuries, police said. An adult female is also being treated for serious injuries and an adult male has less serious injuries, police added. Local media reported that the people were stabbed on Dublin's Parnell Square, which is next to Dublin city's main thoroughfare of O'Connell Street.

Persons: Leo Varadkar, Anthony Boyle, Dublin's, Varadkar, Padraic Halpin, Conor Humphries, William James, Alexandra Hudson Organizations: DUBLIN, National, RTE, Reuters, Local, Irish Times, Alexandra Hudson Our, Thomson Locations: Dublin, O'Connell, Parnell

A five-year-old girl was receiving emergency treatment after sustaining serious injuries in the stabbing. A man in his late 40s, also being treated for serious injuries, was arrested by police who said they are not looking for any other suspect. [1/9]A police vehicle burns during a demonstration following a suspected stabbing that left few children injured in Dublin, Ireland, November 23, 2023. A woman in her 30s was also being treated for serious injuries while the two other children, a five-year-old boy and six-year-old girl, suffered less serious injuries. SOW DIVISIONThe scene was still sealed off shortly before 1800 GMT when a group of around 50 anti-immigrant protesters briefly broke through a police barrier.

Persons: Daniel O'Connell, Drew Harris, Harris, I'm, Clodagh, Anthony Boyle, Helen McEntee, Conor Humphries, Padraic Halpin, William James, Alexandra Hudson, Kirsten Donovan, David Evans, Daniel Wallis Organizations: Riot, Police, REUTERS, Rights Police, Reuters, Gardai, Thomson Locations: DUBLIN, Dublin, O'Connell, Holiday, Ireland

☆ Leasing giant SMBC places order for 60 Airbus A320neo planes
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The logo of Airbus is seen at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsDUBLIN, Nov 21 (Reuters) - SMBC Aviation Capital placed an order for 60 Airbus (AIR.PA) A320neo family aircraft, the world's second largest aircraft leasing firm said on Tuesday, without disclosing the financial details of the deal. Nikkei Asia, which first reported the deal, said it was thought to be worth around $3.4 billion, based on the A320neo's market price. Boeing won new orders for 196 aircraft while Airbus agreed deals for 55 jets amid soaring demand for wide-body planes. "This transaction is further testament of sustained global demand for technologically advanced, fuel-efficient aircraft, and comes amidst the continuing strong recovery in air travel worldwide," SMBC CEO Peter Barrett said in a statement.

Persons: Sarah Meyssonnier, Peter Barrett, Padraic Halpin, Kirsten Donovan Organizations: Airbus, REUTERS, Rights, SMBC Aviation Capital, Nikkei, Boeing, Dubai Airshow, Japan's Sumitomo Corp, Sumitomo Mitsui Financial Group, Thomson Locations: Paris, Villepinte, France, Nikkei Asia

REUTERS/Ken Cedeno/Pool/File Photo Acquire Licensing RightsDUBLIN Nov 8 (Reuters) - A rise in geopolitical tensions across the world could aggravate already subdued growth in Europe and China and the spillover may alter the path of the U.S. economy, Federal Reserve Governor Lisa Cook said on Wednesday. "We are not only watching subdued growth, we're watching the geopolitical tensions that we're all talking about, and that could change the outlook both in the United States and the global economy." Cook added that geopolitical tensions may in particular destabilize commodity markets and access to credit in the current higher interest rate environment. "Any shock could make the situation worse that we're already (in)... and could be destabilizing to commodity markets, could be destabilizing to the system of credit," Cook said. "More broadly, escalation of geopolitical tensions could lead to lower economic activity and increased fragmentation of global trade flows and financial intermediation, raising financing and production costs and contributing to more sustained supply chain challenges and inflationary pressures," Cook said.

Persons: Lisa DeNell Cook, Ken Cedeno, Lisa Cook, Cook, We're, Padraic Halpin, Conor Humphries, Ann Saphir, Lindsay Dunsmuir, Leslie Adler, Mark Potter Organizations: Governors, Federal Reserve System, Banking, Housing, Urban, Capitol, Washington , D.C, REUTERS, DUBLIN, Federal, Central Bank of Ireland, Thomson Locations: Michigan, Washington ,, Europe, China, U.S, Dublin, United States, Ukraine, Russia, East, San Francisco

☆ 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

☆ Ireland to lay out sovereign wealth fund plans in expansionary budget
▼ + stars: | 2023-10-09 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

"The costs that we are providing for are going to come at us really quickly. A package of one-off financial supports totalling another 2.4 billion euros will be added on top of that, a source familiar with the process told Reuters. A similarly expansive budget a year ago that included even more generous one-off measures handed little political momentum to the three-party coalition. The left-wing opposition Sinn Fein remains well ahead in polls, with elections due by early 2025. ($1 = 0.9478 euros)Reporting by Padraic Halpin; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael McGrath, McGrath, Sinn Fein, Padraic Halpin, Toby Chopra Organizations: DUBLIN, Finance, Reuters, Thomson Locations: Ireland, Europe, Dublin

☆ Ireland trims 2023 budget surplus, corporate tax forecasts
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

DUBLIN, Oct 7 (Reuters) - Ireland is set to collect 0.6% less tax than expected this year following a recent fall in corporate receipts and deliver a lower than forecast budget surplus that Tuesday's budget will further eat into, finance ministry data showed on Saturday. Ireland has collected record levels of tax in recent years, driven by a fast-growing economy and booming corporate tax returns. Instead they are now expected to rise by 4% to 23.6 billion euros. The finance ministry also cut the forecast for 2024 to 24.5 billion euros from 25.1 billion euros. As a result it lowered the 2023 projected budget surplus to 9.6 billion euros or 1.8% of gross domestic product (GDP), from the 10 billion euros forecast in July.

Persons: Michael McGrath, Padraic Halpin, Alex Richardson Organizations: DUBLIN, Ministers, Thomson Locations: Ireland

☆ Intel hails 'landmark' as high-volume EUV production begins at Irish plant
▼ + stars: | 2023-09-29 | by ( Padraic Halpin | Max A. Cherney | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The effort in Ireland is Intel’s first attempt at high-volume manufacturing using EUV technology. Beyond its existing facilities in Ireland, Intel plans to build a big chip complex in Germany and semiconductor assembly and test facility in Poland. The three facilities will help create a first-of-its-kind end-to-end advanced semiconductor manufacturing value chain in Europe, Intel said. The new factory will double Intel’s manufacturing space in Ireland, where it is one of the country’s largest multinational employers with 4,900 people, around half its European workforce.

Persons: Dado Ruvic, Intel’s, ” Ann Kelleher Organizations: DUBLIN, Reuters, Intel, REUTERS, U.S ., Taiwan Semiconductor Manufacturing, PCs, U.S Locations: Ireland, U.S, Europe, Leixlip, Dublin, Portland, Hillsboro , Oregon, Arizona, Germany, Poland

☆ Ireland in Record $166 Million Cocaine Seizure After Naval Operation
▼ + stars: | 2023-09-27 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

DUBLIN (Reuters) - Irish rangers made the country's biggest ever drugs seizure after a naval operation involving warning shots being fired at a Panamanian cargo vessel which had refused to follow instructions, authorities said on Wednesday. The seizure of 2,253 kg (4,967 pounds) of cocaine worth an estimated 157 million euros ($166 million) came after members of the army ranger wing boarded the vessel off the country's southeast coast using ropes dropped from a helicopter in high winds. "I cannot overemphasise the significance of this operation and the disruption that this is going to cause the organised criminal group behind the shipment," he told a press conference. Kelly said the cocaine was partly destined for the Irish market and that the organised crime group comprised a number of different elements across Europe. The operation was conducted in collaboration with a group comprising five other EU member states and Britain.

Persons: Justin Kelly, Kelly, Padraic Halpin, David Holmes Organizations: DUBLIN, Reuters Locations: Panamanian, Panama, South America, Europe, Britain, Spain, Netherlands, Poland

☆ Flutter eyes Balkan expansion with acquisition of Serbia's MaxBet
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Flutter, the world's largest online betting company, said the 700 million euro Serbian betting market is attractive due to its relatively low online penetration of around 35% and expected online compound annual growth to 2025 of approximately 15%. MaxBet, which generated pro forma fully regulated revenue of 145 million euros in the year to June, 44% of it online, also has a smaller presence in Bosnia, Montenegro and North Macedonia. "We believe MaxBet is an excellent opportunity to replicate the success we have achieved in markets like Georgia, India and Italy," Flutter CEO Peter Jackson said in a statement, referring to similar acquisitions in those markets. Flutter, which makes 78% of its revenue in its main divisions of the U.S., Australia and the United Kingdom and Ireland, operates in more than 100 countries around the world. ($1 = 0.9466 euros)Reporting by Padraic Halpin; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Paddy Power, Peter Jackson, Padraic Halpin, Jan Harvey Organizations: DUBLIN, Thomson Locations: Balkans, Bosnia, Montenegro, North Macedonia, Georgia, India, Italy, U.S, Australia, United Kingdom, Ireland

☆ Ryanair cuts routes from Dublin home base, says more incentives needed
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Employees work on a Ryanair plane preparing to take off at the Rosalia De Castro airport in Santiago de Compostela, Spain June 24, 2022. The Irish airline, Europe's largest by passenger numbers, cited Dublin Airport Authority's increased passenger charges and a failure to deliver a "meaningful" environmental incentive scheme as motivation for the decision. The Dublin Airport Authority said in a statement that Ryanair was exaggerating the size of increased charges and that the authority was consulting with airlines about a proposed scheme to incentivise lower-emission aircraft in 2024. It said Dublin Airport's passenger numbers had recovered to pre-pandemic levels and that it had no need to incentivise new growth given a capacity limit under the airport's planning permission. Ryanair frequently cuts capacity from airports during disputes over charges and typically allocates aircraft to airports and regions offering the best growth incentives.

Persons: Rosalia De, Nacho, Eddie Wilson, Padraic Halpin, Conor Humphries, Kylie MacLellan Organizations: Ryanair, REUTERS, Rights, Boeing, MAX, Luton Airport, Irish, Dublin Airport Authority, Thomson Locations: Rosalia De Castro, Santiago de Compostela, Spain, Dublin, Italy

☆ Irish government considering targeted mortgage interest relief scheme - PM
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Sept 15 (Reuters) - Ireland is considering reintroducing tax relief on mortgage interest payments but any scheme is likely to be limited to borrowers hit hardest by rising interest rates, Prime Minister Leo Varadkar said on Friday. The government ended a broader scheme in 2020 that had offered tax relief to borrowers who had taken out mortgages in the lead-up to and aftermath of Ireland's 2008 banking crash. Ministers have come under pressure from opposition politicians to reopen the scheme with each European Central Bank rate hike, most recently on Thursday when policymakers pushed the euro zone's key interest rate to a record high of 4%. Data on Friday from Ireland's central bank showed that the total stock of mortgages in arrears fell 4% quarter-on-quarter in the three months to June. (This story has been refiled to correct photo)Reporting by Padraic Halpin; Editing by Sachin RavikumarOur Standards: The Thomson Reuters Trust Principles.

Persons: Leo Varadkar, Varadkar, Derville Rowland, Padraic Halpin, Sachin Ravikumar Organizations: DUBLIN, Ministers, European Central Bank, Central Bank of Ireland, Thomson Locations: Ireland, Ireland's

☆ TikTok fined 345 million euros over handling of children's data in Europe
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies TikTok FollowMeta Platforms Inc FollowDUBLIN, Sept 15 (Reuters) - TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children's personal data in the European Union, its lead regulator in the bloc said on Friday. The DPC gave TikTok three months to bring all its processing into compliance where infringements were found. It has a second probe open into the transferring by TikTok of personal data to China and whether it complies with EU data law when moving personal data to countries outside the bloc. The DPC has hit other tech giants with big fines, including a combined 2.5 billion euros levied on Meta (META.O).

Persons: Dado Ruvic, TikTok, Padraic Halpin, Jason Neely Organizations: REUTERS, European Union, Data Protection, Meta, Thomson Locations: Ireland, China

WestRock stockholders will get one share in the new company, called Smurfit WestRock, and $5 in cash for each share they hold, which works out to $43.51 per share, the companies said in a statement. Smurfit Kappa shareholders will receive one new Smurfit WestRock share for each share they hold. That could make the deal more than 20% accretive to Smurfit Kappa's earnings per share, the statement added. Smurfit WestRock will be domiciled in low tax Ireland with its global headquarters in Dublin. Smurfit Kappa will de-list from Euronext Dublin, the latest blow for the Irish bourse as building materials giant CRH prepares to leave later this month.

Persons: WestRock, JP Morgan, Jefferies, Tony Smurfit, Ken Bowles, Irial Finan, Smurfit, Yadarisa, Padraic Halpin, Louise Heavens, Jason Neely Organizations: Kappa, Europe's, JP, Smurfit, Smurfit Kappa, London Stock Exchange, Irish bourse, Thomson Locations: DUBLIN, COVID, South, Central, North America, Europe, Ireland, Dublin, New York, Bengaluru

☆ SMBC agrees $3.7 bln deal for 25 Boeing 737 MAX jets
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Sept 12 (Reuters) - Global leasing giant SMBC Aviation Capital said on Tuesday it had concluded an order for 25 Boeing (BA.N) 737 MAX aircraft in a deal worth more than $3.7 billion at current list prices that would support its growth plans and meet customer demand. SMBC, the world's second largest aircraft leasing firm, said the new planes are scheduled for delivery in 2028 and 2029 and will increase its orders of Boeing's more fuel-efficient MAX jets to 81 aircraft. "Our customers have demonstrated clear long-term demand for the 737 MAX and our expanded order pipeline positions SMBC Aviation Capital for future growth against the background of a strong global recovery in air travel," SMBC CEO Peter Barrett said in a statement. The Irish-based lessor, which is owned by a consortium including Japan's Sumitomo Corp (8053.T) and Sumitomo Mitsui Financial Group , currently owns or manages 65 MAX aircraft, out of a total portfolio of 711 planes. Boeing said last week that it is set to meet targets to deliver at least 400 narrowbody 737s this year despite a recently discovered production flaw that has slowed deliveries of the best-selling 737 MAX.

Persons: Peter Barrett, Padraic Halpin, Jason Neely Organizations: DUBLIN, Global, SMBC Aviation Capital, Boeing, Japan's Sumitomo Corp, Sumitomo Mitsui Financial Group, Thomson

☆ 'Revenge travel' could be here to stay - Irish hotel chief
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Aug 29 (Reuters) - The post-pandemic trend of people prioritising travel could be a more permanent change in consumers' spending habits, the head of Ireland's largest hotel group Dalata (DHG.I) said on Tuesday. "Certainly 2, 3, 4 years before COVID people in their 20s would have been prioritizing travel and experiences over buying things. Crowley said there also seemed to be a lasting change in corporate bookings where travellers take fewer trips but stay longer and with Ireland's large multinationals spending far less on business travel than they did pre-COVID. The Dublin-based group said it had 750 million euros available to spend on adding more hotels. ($1 = 0.9248 euros)Reporting by Padraic Halpin Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Clayton, Dermot Crowley, Crowley, Dalata, Padraic Halpin, Mark Potter Organizations: DUBLIN, Reuters, Thomson Locations: United Kingdom, Dublin, London

More than 1,500 flights were cancelled on Monday - a public holiday in parts of Britain, and one of the busiest travel days as the school holidays draw to close - when air traffic controllers were forced to switch to manual systems due to a technical problem. Ryanair, Europe's biggest airline, would be operating a normal schedule by Wednesday, said boss Michael O'Leary, as he criticised how Britain's National Air Traffic Services (NATS) had handled the situation. Harper chaired a meeting on Tuesday with NATS, the Civil Aviation Authority (CAA), airlines, airports, trade bodies and Border Force. EasyJet (EZJ.L) said that the knock-on impact meant some flights were cancelled on Tuesday morning. Heathrow Airport, Britain's busiest hub, told passengers to contact their airline before travelling to the airport on Tuesday.

Persons: Maria Ball, Charles De Gaulle, Mark Harper, Michael O'Leary, haven't, O'Leary, Raphael Satter, Rishi Sunak, Sunak, Harper, NATS, Cirium, Sarah Young, Padraic Halpin, Farouq Suleiman, Kate Holton, Alistair Smout, Alison Williams, Mike Harrison Organizations: British, Ryanair, Europe's, Air Traffic Services, REUTERS, Civil Aviation Authority, CAA, Border Force, Aviation, British Airways, Heathrow, Thomson Locations: Europe, Britain, Liverpool, England, Paris, Edinburgh, London, Stansted, NATS

☆ Bank of Ireland says it has fixed glitch that sparked flurry of withdrawals
▼ + stars: | 2023-08-16 | by ( Padraic Halpin | ) www.reuters.com time to read: +3 min

Signage is seen outside a branch of the Bank of Ireland in Galway, Ireland, August 6, 2020. Pictures posted on social media purported to show queues at some ATMs after the glitch became a trending topic on social media platform X, formerly known as Twitter. A statement from Ireland's largest lender by assets said: "Yesterday a technical issue impacted a number of Bank of Ireland's services. Ireland's central bank said it was monitoring the situation and engaging with Bank of Ireland to ensure any issues and errors identified were resolved for customers. The digital banking platform said earlier this year that it had more than two million customers in Ireland.

Persons: Clodagh, Padraic Halpin, Sinead Cruise, David Goodman, Mark Potter Organizations: Bank of Ireland, REUTERS, Rights, Twitter, Reuters, Bank of, Revolut, Thomson Locations: Galway, Ireland, Dublin, London

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