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The Apple logo. Ireland has developed a reputation as a safe and efficient place in which to base your IP holding company as part of a global tax structure Intellectual property rights at the core of Apple’s Irish subsidiaries Colm Keena - Public Affairs Correspondent Colm Keena Public Affairs Correspondent

Firm’s subsidiaries in Cork are not tax-resident anywhere

Technology
Tánaiste Eamon Gilmore: “Ireland does not negotiate special tax-rate deals with any company.” Photograph: Alan Betson Gilmore denies special tax deal agreed with Apple Suzanne Lynch - European Correspondent Suzanne Lynch European Correspondent

European tax policies and ‘profit shifting’ to feature at EU summit today

Health Pharma
Michelle McIntosh, lead researcher of Monash Institute of Pharmaceutical Sciences, says her group plans to start testing a dry-powdered form of oxytocin by early 2014. Source: Monash University via Bloomberg Failed insulin drug technology may play key role in stemming maternal mortality

Companies working to deliver oxytocin by inhaler in Africa where one in 10 women suffer excessive bleeding after childbirth

Retail & Services
Full-year profits at Marks & Spencer fell to £665 million, their lowest level in four years. Photo: PA Wire Marks & Spencer profits tumble

Struggling clothing and homewares division dragged on growth in food sales

Manufacturing
The $500-billion-a-year industry, which is a gauge of the global economy, has been hit hard by falling demand from austerity-ravaged Europe and slowing growth in China. Photograph: Reuters Cost cuts help ArcelorMittal defy profit warning fears

Shares jump 7.5% as core profits exceed forecasts

Media & Marketing
South Africa’s president Jacob Zuma. His government’s 25 per cent stake in INMSA would significantly increase its overall stake in South Africa’s media and is likely to raise concerns regarding excessive state influence in the sector. Photograph: Reuters South African government to get INM stake

Government employee pension fund to get 25% of operation if sale goes through

Agribusiness & Food
Fresh food distributor Total Produce has kept its earnings-per-share target of 8 to 8.8 cent for 2013 unchanged. Total Produce confirms 2013 earnings target

Fresh food distributor says it has agreed deal to buy 65% stake in the Oppenheimer Group

Commercial Property
Ashford Castle hotel resort which has been sold for €20 million. Ashford Castle hotel resort sold for €20m

Galway businessman Gerry Barrett bought hotel five years ago for €50 million

Energy & Resources
Fastnet Oil’s Deep Kinsale target off the south coast could contain 2.3 billion barrels of oil. Deep Kinsale could contain 2.3bn barrels of oil

Fastnet Oil says independent assessment established presence of significant potential

Transport & Tourism
Neil Pakey has been appointed the new chief executive of the Shannon Airport Authority. Shannon Airport Authority appoints new CEO

Shannon was separated from the Dublin Airport Authority last December

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