US authorities have named a number of Irish-based individuals in connection with Pacnet, the group sanctioned for allegedly laundering money from mail fraud schemes involving lottery payments and psychic predictions

Alleged money laundering scheme involved lotter payments and psychics

Clerys clock: Dublin City Council’s planning scheme for the  area includes  re-establishing it as a place of social and cultural importance and where workers have fair conditions. Photograph: Dara Mac Dónaill / The Irish Times

OCS Properties must detail how it will ‘promote local employment opportunities’

Nestlé’s new  Honeycomb Crunch: Nestlé fell 1.7 per cent as analysts said a company presentation  suggested organic sales growth may be lower than expected.  Photograph: Nestle/PA Wire

Indications that Europe’s recovery is struggling and lenders lead slide across markets

Aircoach, owned by British multinational First Group,  employs 191 people whom it pays an average of €39,300 each. Photograph: Frank Miller

State company pays average of €48,819 while rivals pay between €30,000 and €39,000

Trading error had no impact on Ryanair shares, which ended the day in Dublin up 0.16 per cent at €12.70. Photograph:  Thierry Roge/Reuters

Broker involved was trying to buy 34m Bank of Ireland shares

Competition regulators have approved seed and agrichemical distributor Goldcrop’s takeover of rival Croplink.

Merger of two firms will not ‘substantially’ lessen competition, regulator decides

Dublin Airport drew criticism from airlines such as Ryanair when it was building its second terminal and proposals for a third facility are likely to involve a similar row

Last year’s record of 25m passengers set to be broken and new €320m runway is planned

Limerick City and County Council’s chief executive Conn Murray: he said over the last three years, multinationals have committed to creating 7,800 jobs in Limerick. Photograph: Liam Burke/Press 22

Jobs announcement expected as scheme targets city centre sites for rejuvenation

Shane Ross, Minister for Transport: he has announced €2.7 million in funding for regional airports to boost security and safety. Photograph: Bryan O’Brien / The Irish Times

Payments included €157,000 in April but passenger services stopped in June

Chairman of Nama Frank Daly (left) and Minister for Finance Michael Noonan. In a letter to Mr Noonan, Mr Daly said department officials expressed surprise about the C&AG’s lack of knowledge of the loan sales.  Photograph: Eric Luke

In a letter to Noonan, Daly said department officials expressed surprise about C&AG staff

Former head of asset recovery at Nama Ronnie Hanna (left), Nama’s chief executive  Brendan McDonagh (middle) and Nama chairman Frank Daly (right). Photograph: Brenda Fitzsimons

C&AG report contains calls between former Nama official Hanna and Pimco

Eagle has landed: Frank Daly, Nama’s chairman. Photograph: Gareth Chaney/Collins

The Comptroller and Auditor General says Nama could have made up to €220 million more from the sale of its Northern Ireland portfo(...)

Comptroller and Auditor General Séamus McCarthy: Critical of  Nama’s sale of the Project Eagle loans to Cerberus. Photograph: Frank Miller

Sale could have earned £190 million extra for the State

Northern Ireland’s then minister of finance and personnel, Sammy Wilson, was critical of the agency  publicly “auctioning” the portfolio. Photograph: Arthur Allison/Pacemaker

North’s finance minister wrote to agency over publicly “auctioning” the portfolio

Five major differences between C&AG report on NI sale and Nama view of what took place

 Nama chairman Frank Daly: if the agency had kept the Project Eagle portfolio “there would be no investor interested in buying it today”. Photograph: Gareth Chaney Collins

Nama says Comptroller and Auditor General Séamus McCarthy used wrong calculations

Seamus McCarthy: “the decision to sell the loans at £1.3 billion involved a significant probable loss of value to the State”

Taxpayer value and conflicts of interest are key criticisms levelled at Nama

Nama recommended to its board at the end 2013 that the value should be reduced to £1.3bn for a sale. Illustration: The Irish Times

Agency reduced the final price of property portfolio to £1.2bn shortly before disposal

Kerry airport is to get €205,000 in grants.

Shane Ross announces investment in Donegal, Kerry, Knock and Waterford airports

 Ryanair AGM:  David Bonderman (left) chairman , and Michael O’Leary, CEO, at the Ryanair annual general meeting at Dublin Airport. Photograph: Eric Luke/The Irish Times

Irish carrier says winter flight ticket prices to fall by up to 12%

Dublin Airport handled 2.92 million passengers in July, 9.3 per cent more than during the same month last year. Photograph: Kate Geraghty

Airports Council International ranks it third highest climber in Europe’s tier one airports

Chairman Paul Coulson has indicated that, post-flotation, Ardagh plans to divert some its earnings into paying down its debts

Paul Coulson’s plan is to file application with US commission to list shares on Wall Street

Henry Beeby:  “I think that people will go to where the best horses are.”

Irish bloodstock industry needs as much ‘free trade and free movement as possible’

Ardagh  earns revenues of €7.8 billion a year from making bottles and cans.

Company says it will use finance to pay off some of its debts which amount to €8bn

New York Stock Exchange move would value the packaging giant at €4.5bn

Bank of Ireland was one of the worst performers on what was considered a quiet day. The lender tumbled 4.37% to close at 19.7 cent

Lenders stumble after Deutsche Bank cuts ratings on Lloyds and RBS in Britain

Shannon Airport: losing two stopovers and Ryanair is cutting flights there next summer. Photograph: Brenda Fitzsimons

Ryanair to cut traffic at Shannon from under 800,000 passengers a year to 720,000

Ban on “most-favoured nation” clauses may benefit Ryanair, which is seeking to cash in on the 300 million or so visits to its website every year by offering a broad range of travel services to consumers, including hotel rooms. Photograph: Owen Humphreys/PA

Move against, Expedia and Trivago to allow hotels offer cheaper rates

Clerys on O’Connell Street: shop closed last year with the loss of 467 jobs. Its owner, OCS Properties, is seeking permission from Dublin City Council to redevelop it as a hotel, offices, shops and a restaurant. Photograph: Dara Mac Dónaill

Meeting to call on builders to refuse contracts unless ex-Clerys staff compensated

Motoring costs: the AA calculates that the 38.6 per cent increase recorded in inflation figures over the past year by the Central Statistics Office cancelled out savings from falling fuel costs. Photograph: Barry Batchelor/PA

Savings made on petrol have been absorbed by accelerating motor insurance rates

The Clerys building: one objector says the planned building work  does not fit with the council’s aim of keeping the area’s historic fabric while architect Henry J Lyons says the new scheme will be sensitive to the building. Photograph: Dara Mac Dónaill / The Irish Times

Architect says store plan will regenerate area while owners say it will create 1,450 direct jobs

Norwegian employs 80 people at its base in Dublin Airport. Its parent, Norwegian Air Shuttle, established the subsidiary in the Republic so it could benefit from EU aviation treaties allowing it access to the US and other countries

Obama under pressure to approve NAI flights from Ireland to US

Ryanair is to cut the number of seats available from Dublin Airport by 3 per cent

Ryanair expects demand for flights from Britain to the Republic to ease as sterling weakens

Ireland’s Commission for Aviation Regulation (CAR) says that Irish residents who have flown from UK airports would have their complaints processed in that jurisdiction, and may have to pay a fee to do so.   Photograph: Owen Humphreys/PA Wire

Some arbitrators approved by UK’s aviation authority charge to process complaints

Mayo Renewable Power ran into financial difficulty in recent weeks

Firm behind Kenny energy project has reasonable prospect of survival, court hears

Shannon Foynes Port Company and its customers plan to spend €277 million between them over the five years to 2019, which will support 3,372 jobs in the region.

Business has surpassed levels achieved at height of boom, says port firm chairman

Radiography in the Bon Secours Hospital, Cork: Bon Secours runs private hospitals and healthcare facilities in Cork, Dublin, Galway, Tralee and Limerick. Photograph: Daragh Mc Sweeney/Provision

Cork-based Bon Secours Health System is buying private hospital in Limerick

A copy of the ‘Racing Post’ is used to protect a racegoer from the rain at York racecourse.

Private equity player to buy punters’ bible

Ryanair’s website attracted more than 300 million visitors in 2015. Photograph: PA Wire

Airline’s 101m international travellers easily surpassed 62.6m for EasyJet last year

Paddy Power Betfair chief executive Breon Corcoran: said betting group was focused on continuing to derive benefit from merger. Photograph: Eric Luke

Bookmaker focused on continuing to derive benefit from merger, says chief executive

Stewart Kenny  chaired the Paddy Power group between 2002 and 2003 and then remained on its board as a non-executive. Photograph: Aidan Crawley

Bookmaker sowed seeds for €10 billion gambling giant

Paddy Power Betfair: a £195.1 million charge for February’s merger left it with a £47.5 million loss.  Photograph: Matthew Lloyd/Bloomberg

Gambling giant’s revenues grew 18% in six months to the end of June

A proportion of BMD’s work involves replacing and upgrading parts of customers’ plant and equipment and the company draws most of it from Ireland and Britain. Library photograph: iStock

Firm bought out of Bowen Construction from Nama expects turnover to rise by over 15%

Irish-based DIY and builders’ merchant, Grafton, rose on the back of an upbeat day for construction-related stocks in London. Photograph:  PA Wire

Reports of high residential rents in Dublin spark investor interest

Finnair  will use a mix of Airbus and the slightly smaller Embraer craft on the route during the 2017 summer season. Photograph: Markku Ulander/AFP/Getty Images)

Airline tapping into growing demand for services to Asia, with quicker connections

Kingspan chief executive Gene Murtagh: “We are actively looking at Brazil, India and Russia.” Photograph: Cyril Byrne

Company looking to add to four rival businesses it bought this year and enter new markets

A new report, by Davy analyst Ross Harvey, points out that earnings downgrades have cost European airlines 20 per cent of their value in the last two months.

Davy analyst says airlines need to stimulate growth to continue to see strong figures

Gene Murtagh: “The expansion in profit margin has helped deliver a 50 per cent increase in trading profit.”

Chief executive Gene Murtagh says results are its strongest ever six-month performance

Seed and agrichemical distributor Goldcrop is set to take over rival Croplink. Photograph: Bryan O’Brien

Seed and farm chemical firms to trade as Goldcrop subject to competition approval

Panda is the brainchild of businessman Eamon Waters, who is still its biggest shareholder. It has about 150,000 household customers and 15,000 businesses

Deal between Panda and Greenstar gets green light

Dublin Airport: Transatlantic traffic rose 7 per cent as more than 343,000 people travelled between Dublin and north America.

Almost three million travelled through the Irish gateway last month

Kingspan chief executive Gene Murtagh:  company closed up 0.3 per cent at €21.86   on Iseq yesterday after stockbroker Davy issued an upbeat note. Photograph: Cyril Byrne

Kingspan rises after upbeat note from Davy predicting 30% increase in first-half profits

AA Ireland blamed an increased in administrative costs for the dip in its profit.

Revenue rose more than 6 per cent to €51.4 million in 12 months ended January 31st

European Union transport commissioner Violeta Bulc: letter from Peter DeFazio claimed the Irish-registered Norwegian Air International  actually based transatlantic crews in Bangkok. Photograph: Igor Kulpjenik/EPA

Peter DeFazio against Norwegian Air International bid to launch cheap flights to America from Republic

A new tower will be almost 90m high and include techology and instruments for guiding craft in and out of the Republic’s busiest airport

Facility needed to operate proposed new runway at Dublin Airport

Unite union prepares for work-to-rulein dispute over pay and conditions

Dublin Airport: Norwegian Air International employs 80 people at its base in  the airport. Photograph: Alan Betson

Unions claim airline is registered in Ireland to allow it to hire cheap labour

Bahrain International Airport is one of several locations where Aer Rianta International manages duty-free facilities. Photograph: iStock

First-half sales rose to $37m at airportretailer

The Construction Industry Federation is calling on the Government to increase spending on the construction of housing, roads, water treatment facilities and other services in next October’s budget.

Construction group calls on Government to increase spend on housing, roads and water

The High Court  ruled that the council’s decision to refuse Michael O’Flynn  permission to build 164 homes near Cabinteely, Co Dublin, was unlawful. Photograph: Brenda Fitzsimons/The Irish Times

Dún Laoghaire-Rathdown had refused developer permission to build 164 homes

The council had refused permission to O’Flynn Capital Partners (OFCP) for a €70 million development of 164 houses in Cabinteely. The judge set aside the local authority’s decision and ruled that the developer should be allowed to submit a fresh application. File photograph: Bloomberg

High Court says council misapplied terms of its own planning scheme for Cherrywood

AA is to sell its Irish operation  to Carlyle Group for €156.6 million

US investor Carlyle Group’s proposed €157m deal is approved by competition commission

CityJet said it condemns the proposed industrial action.  Photograph: iStock

Airline says just a minority of the pilots back industrial action

Flights to and from Dublin Airport grew 7.6 per cent to 20,154 in July from 18,732 during the same month last year.

Dublin Airport passenger numbers grew 13.4 per cent in six months to end of June

An Bord Pleanála granted planning permission for the new runway at Dublin Airport in 2007, subject to conditions limiting night flights at the airport to 65.

DAA formally seeks bids for the €320m project and hopes to award contract by April

Lambstongue is thought to be the only contractor in Ireland capable of restoring the Clerys windows. Photograph: Dara Mac Dónaill

Lambstongue would only work on Clerys redevelopment if owner met former workers

 Clerys workers Emily McDermott (35 years service) and her daughter Nathania (seven  years service)  at a demonstration in support of Clerys workers. Photograph: Eric Luke / The Irish Times

Lambstongue window restorer wanted Natrium to meet the 460 people who lost jobs

Norwegian Air wants to launch cheap flights between Europe and North America. Photograph: iStock

Union opposing Irish-based airline’s transatlantic plans funded congressman Peter DeFazio

Wind energy: one of the biggest beneficiaries from the rise in the Public Service Obligation. Photograph: EPA/JENS BUETTNER

Latest rise in the levy to support renewables is considered a ‘rate shock’ by some in industry

The Whitegate Oil refinery provides about 40 per cent of Ireland’s  petroleum needs, including petrol, diesel and kerosene

Canada’s Irving Oil agreed to buy Ireland’s only refinery from Phillips 66 in deal set to close next month

 Norwegian Air Shuttle plans to offer low-cost flights from Europe to the US, including routes from the Cork and Shannon. Photograph: Chris Ratcliffe/Bloomberg

Representative one of a group asked by Irish business to support the service in May

Canadian-owned Irving Oil is set to buy Ireland’s only oil refinery at Whitegate in Cork Harbour.

Buyer pledges to continue full operation at Whitegate and maintain existing workforce

Wind generators, including State-owned ESB, SSE Airtricity and Viridian, will share €269.7 million of the total that the CER will collect from electricity users. Photographer: Taylor Weidman/Bloomberg

Energy regulator to increase the public service obligation charge by €76m to €400m

Nollaig Fahy and Sam Lannin of

Small and medium-sized business finance specialist in partnership with Digicel

 Cork Airport said  97,000 more people travelled through there in the first half of the year than did during the same period in 2015.

New routes and extra capacity aid growth in the first six months

Nama has re-appointed receivers to 36 companies and borrowers to ease the sale of their loan. Photograph: Cyril Byrne / THE IRISH TIMES

Businesses include a number used by developer Bernard McNamara to buy properties in Dublin

After a poor outturn in Friday’s European stress tests AIB stressed on Monday morning that the EBA figures are based on a “ 2015 static balance sheet and does not reflect current or future improved financial performance”. (Photograph: Cyril Byrne/The Irish Times)

AIB and Bank of Ireland move to allay investor fears after critical report

The Commission for Energy Regulation plans to raise the public service obligation  levied on all electricity users in the Republic to support wind power. Photograph:  Cyril Byrne

Charge imposed on each home will rise to €6.02 a month from €5.01

Bjorn Kjos, chief executive of Norwegian Air Shuttle, parent company of Norwegian Air International which  has been attempting to  launch a transatlantic flights service from Ireland since 2014.

Dispute on planned low-cost transatlantic service based in Ireland moves to arbitration

AIB and Band of Ireland will issue formal statements to the stock markets to reassure investors in the wake of the stress-test report. Photograph: The Irish Times

EU-wide analysis questions capacity of Irish duo to absorb losses

The sale of the Gresham Hotel in Dublin is thought to have netted a considerable profit for Nama. Photograph: Aidan Crawley

Buyer is fast-growing business with 105 hotels and resorts in 19 states

The closure of Clerys was an inevitability, according to Deirdre Foley. Photographer: Dara Mac Donaill

Revenue Commissioners withhold tax certificates from 15,000 over unpaid LPT

O’Connell Street and a redeveloped roof top on Clerys

OCS Properties has applied to Dublin City Council for permission to convert store into a hotel, shops, offices and bars

Artist’s impression of the new rooftop development planned for Clerys on O’Connell Street.

OCS Properties wants to add rooftop level to former department store for bars and restaurants

Workers in Newry factory overwhelmingly back industrial action

The group said second quarter operating profit before exceptional items totalled €555 million, up from €530 million a year earlier. Aer Lingus contributed €68million towards the profit.

Profits Airline’s parent IAG rises 28% in first six months but group cuts growth

Property developer Paddy McKillen, who owns Clarendon Properties with its managing director, Tony Leonard.  Photograph: Yui Mok/PA Wire

Property developer joins with builder BAM to redevelop Horgan’s Quay

Actavo, owned by Denis O’Brien, will bid for Irish Water contracts said chief executive Sean Corkery. Photograph: David Sleator

Company’s profits grew last year by 25% to €18m

European Union transport commissioner Violeta Bulc: “We should carefully consider the implications that this long and protracted dispute could have, for example, in the Transatlantic Trade and Investment Partnership negotiations.” Photograph: Igor Kupljenik/EPA

Delay granting Norwegian’s licence may stall transatlantic trade talks, says Violeta Bulc

Irish-based Norwegian Air International originally intended launching the Boston service from the Irish airports in April.

Row between EU and US over Norwegian Air’s transatlantic plans set for arbitration

Garrett Kelleher: Invested $2.85m in 2006 to help Liberian group AJA to enforce a $66.5m judgment against US insurer Cigna Worldwide in return for a share of the lawsuit’s proceeds.

Chicago Spire backer Garrett Kelleher's legal bill for role in €60m claim

Jeremy Masding, group chief executive of Permanent TSB: the bank announced its first profit since 2007,  bringing its stock up 4.73 per cent to €2.168.  Photograph: Dara Mac Dónaill

Earnings boost European stocks; Apple shares rise as iPhone sales exceed expectations

A US Department of Homeland Security officer carries out a preclearance check at Shannon Airport: the airport handled 1.71 million passengers in 2015, up from 1.64 million the previous year. Photograph: Paulo Nunes dos Santos/The New York Times

Profits cut to €300,000 after payout over Irish Airlines Superannuation Scheme

 DAX  stock exchange in Frankfurt, Germany: Fashion brand Hermes, drinks-maker Campari and sportswear company Adidas all touched  record highs on Tuesday. Photograph: Reuters

Hibernia Reit down 1.01% after announcing developments and €1.6m State lease

Ryanair grew profits by 4 per cent to €256 million in the three months to the end of June, but has to cope with growing uncertainty in its biggest market, the UK, after the country’s electorate voted to leave the EU.

O’Leary warned Brexit has led to a “economic uncertainty in both the UK and EU”

Ryanair chief executive Michael O’Leary campaigned against a Brexit vote. The airline could cut back on flights between Ireland and London as it bids to combat the uncertainty after the  vote.

Airline could cut flights between Ireland and London as it bids to combat Brexit vote

Liquidator George Maloney of RSM with Dominic Walsh, chief executive of HSL, which has bought most of the assets of rival Eurosurgical. Photograph: Marc O'Sullivan

Hospital equipment supplier’s main creditor is Revenue, which issued €3m assessment

Hauliers on the M50. Photograph: Alan Betson

Shane Ross has cut the maximum load that hauliers can carry

 Independent TD Mick Wallace asked if Fianna Fáil had been ‘got to’ or had done a deal with the Government. Photograph: Eric Luke/The Irish Times

Minister for Finance, Michael Noonan, is due to get a report next week on Nama’s controversial €1.6bn loans sale

Passenger numbers have continued to grow at Dublin Airport where another milestone was passed recently when it handled more than 100,000 travellers in a single day

The DAA, regulator and the airlines could end up butting heads over regulation and charges at Dublin Airport

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