Jarlsberg cheese is similar to Swiss Emmental. Image: iStock

Tine plans to make Jarlsberg cheese for export on Dairygold site in Co Cork

The Motor Insurance Bureau of Ireland (Mibi) has signalled its intention to proceed with a Supreme Court appeal against a decision that it must pay out on the 1,750 outstanding claims left in the wake of Setanta Insurance’s collapse in 2014.

Mibi is appealing court decision that it must cover failed insurer’s liabilities

Shoppers are reflected in a shop window

Latest CSO figures show sales have increases by 5.1 per cent on an annual basis

Comreg is to look at Eir’s role in wholesale market amid anti-competitive allegations. File photograph:  Maxwells

Claims that appointment of regulator’s head of regulatory finance poses conflict of interest

Hostelworld chairman Richard Segal (left) with CEO Feargal Mooney. Photograph: Dave Meehan/The Irish Times

Irish travel website Hostelworld’s shares trade down 30% after poor trading update

The logistics sector, which runs from  freight transport to distribution and other supply chain operations, has seen confidence rise. Photograph: Dara MacDonaill

Despite Brexit worries, CBRE survey finds companies are set to hire more staff

Landmark case could have huge implications for privacy rights in the digital age

 Chairman of Total Produce Carl McCann.

Food distributor issues trading update ahead of its AGM

 Deloitte head of financial services David Dalton and IDA chief executive Martin Shanahan: Blockchain  technology – which underpins the digital currency, bitcoin – can speed up payments and transfer clearances, settlements and reconciliations. Photograph: Robbie Reynolds

Accountancy giant says unit will employ 50 staff when fully operational

More than two-thirds of firms believe the business environment here is continuing to improve, while just 3 per cent say it is deteriorating. Photograph: Getty

Small Firms Association study indicates majority believe situation is improving

Teagasc survey shows dairy incomes only fell by 4% despite collapse in prices

Teagasc’s National Farm Survey shows average income on dairy farms fell by 4 per cent to € 63,020 amid a 20 per cent fall in prices. (Photograph: Matthew Lloyd/Bloomberg)

Average farm incomes up by 6% to € 26,526 Teagasc says but income on dairy farms is down by 4%

Heather Humphreys: once the contracts are in place her department will supervise the rollout of rural broadband

Naughten insists twin-track approach would accelerate much-publicised initiative

Rival telcos say the former semi-State’s fault repair times are too long and fall below European industry norms, a claim Eir rejects

Regulator Comreg says telco should fix 100% of faults on its network within two days

Ryanair shares closed up nearly 3% at €13.58 after reporting a 43% surge in annual profits to more than €1.24bn

Investors continue to speculate on potential timing of US interest rate increase

Joaquim Levy, managing director and chief financial officer of the World Bank Group and former finance minister of Brazil, is in Dublin this week. Photograph: Bloomberg

Former finance minister of Latin American country is now with the World Bank

Access to Eir’s broadband and fixed-line network remains a contentious issue amid allegations the former semi-State favours its own retail arm over rivals. Photograph:   Maxwells

Industry group threatens to take case to European competition authorities

“Strong growth and a rapidly increasing population are putting severe pressure on the country’s infrastructure and public services,” Ibec’s director of policy Fergal O’Brien said. Photograph: Eric Luke/The Irish Times

Employers’ group says capital spending proposals could break fiscal rules

Traders at the  New York Stock Exchange  on Monday. The benchmark US Treasury yield rose after matching a one-month low on Friday. Photograph: Michael Nagle/Bloomberg

Crude oil futures hit a six-month high as consumption begins to outstrip production

First flows via interconnector pipeline were recorded in late March

Paul Drechsler, president of the Confederation of British Industry. Photograph: Joanne O’Brien

UK needs to be in EU, insists Irish-born president of Confederation of British Industry

The Glanbia plant in Belview, County Kilkenny. GII is the State’s largest milk processor  and is jointly owned by the plc and the co-op. Photograph: Eamonn Farrell/Photocall Ireland

Sums paid to 14 individuals significantly more than previously thought

A wholesaler inspects beef carcasses that hang inside a refrigerated room at the Cibevial slaughterhouse in Corbas, France. Photograph: Robert Pratta/Reuters

IFA salutes move by Brussels to withdraw beef from table of trade talks

Chief executive at Kerry Group Stan McCarthy:  He is to resign as head of the group’s co-operative arm amid the company’s ongoing row with suppliers over price. Photograph: Dara Mac Dónaill

Overproduction of milk has seen prices fall from 38 cents a litre to about 25 cent

 Heather Humphreys: responsibility for the broadband strategy has been placed under the remit of the Department of Regional Development, Rural Affairs, Arts and the Gaeltacht, of which she is Minister. Photograph: Dave Meehan/The Irish Times

Much-publicised initiative is being removed from the Department of Communications

Pat McCann (left), chief executive, and John Hennessy, non-executive chairman of Dalata: the hotel group  rose 1.6 per cent to €4.35 ahead of announcing the purchase of a property in Cork, where it plans to build a 121-room hotel.  Photograph: Eric Luke / The Irish Times

In Dublin Smurfit Kappa is buoyed by better-than-expected trading update

Clockwise from top: Tehran’s ancient grand bazaar – Iran has the second largest economy in the Middle East

Trade missions beating a path to Tehran as country’s economy on road to recovery

Acquisition will allow Lakelands process up to 1.1 billion litres of milk a year

Move will allow Cavan-based co-op to process up to 1.1 billion litres of milk a year

Anthony Reidy and  Ger O’Mahoney of PwC Cork with WGPA executive committee members Anna Geary and Valerie Mulcahy. Photogaph: Gerard McCarthy

Professional services firm leases 14,000sq ft space on a 15-year basis

Developer Michael O’Flynn: “There isn’t a single house constructed on the land.” Photograph: Brenda Fitzsimons

Judicial review will run rule over planning refusal for €75m scheme

A trader works on the floor of the New York Stock Exchange. Wall Street was higher in early evening trading on Monday, helped by a rise in financial and consumer discretionary stocks.

Dublin and London markets closed for a public holiday

  Happier times: British prime minister David Cameron (right) and London mayor Boris Johnson   point at each other as the London 2012 Paralympic Cauldron is lit in London’s Trafalgar Square in  2012.

Survey respondents cite potential knock-on effect for the Irish economy as potential risk

Angel Gurria, secretary general of the Organization for Economic Co-operation and Development (OECD): the OECD’s report suggests global FDI increased by 25 per cent to $1.7 trillion in 2015. Photograph: Molly Riley/AFP/Getty Images

OECD report finds FDI among top industrial countries back at pre-crash levels

PwC’s Feargal O’Rourke with former UK prime minister Gordon Brown  in Dublin. Mr Brown said: “The UK and Ireland are so closely interconnected as members and partners in the European Union that a British exit from the European Union would hurt both.” Photograph: Maxwell Photography

Former taoiseach says EU membership enhances ability of countries to influence issues

 Japanese stocks tumbled and the yen surged  after the central bank dashed investors’ hopes for more stimulus, leading to declines in most other world benchmarks after the Fed left interest rates unchanged. Photograph: AP Photo/Shizuo Kambayashi

In Dublin, Origin sees shares drop 12.5 per cent after reporting poor trading performance

Bord Bia chief executive Aidan Cotter: “The lifting of international sanctions on Iran opens the way for Irish food exporters to explore trading opportunities in the second largest economy in the Middle East.”

Banks wary of running afoul of ongoing US sanctions related to terrorism

The disclosure that the State dairy exporter Ornua paid nine top executives €9.2 million in salaries and bonuses over the past two years has whipped up a storm in farming circles

State’s largest dairy exporter resists calls to disclose chief executive’s pay

Pat O’Rourke: “The farmers I’ve talked to say there is simply no justification for these massive salaries when the price they’re receiving for their product is at a 10-year low”

Former dairy boss Pat O’Rourke says farmers are shocked and disillusioned by revelations

 Steve Wozniak, the co-founder of a US technology giant Apple, who has said the technology giant should pay more tax. Photograph: Paul Faith/PA Wire

Man who set up tech giant with Steve Jobs says companies should pay 50 per cent rate

Ibec CEO Danny McCoy with strategist and author Alastair Campbell  and Mary Rose Burke, Ibec director of strategy, international and corporate affairs. Photograph:  Conor McCabe Photography

Ibec boss McCoy warns State would be unable to negotiate bi-lateral trade deal with Britain

The president of the Irish Farmers’ Association, Joe Healy, has criticised milk processor Glanbia over the price it is paying to suppliers. Photograph: Dave Meehan/The Irish Times

Healy says farmers are being forced to bear brunt of the current dairy market downturn

Wall Street stocks were little changed on Thursday evening after a raft of mixed quarterly earnings and the slide in oil prices kept investors on the sidelines.

Draghi’s failure to mention the strength of the euro sends stocks lower

Chief executive Kevin Lane, chairman Aaron Forde and group finance director Donal Buggy at the announcement of Ornua’s results. Photograph: Patrick Bolger

State’s largest dairy co-op publishes details of executive remuneration for the first time

   Padraig Gibbons, chairman of Aurivo with Donal Tierney, CFO and Aaron Forde, Chief Executive of Aurivo. Picture Kenneth O’Halloran/JCP.

Co-op, formerly known as Connacht Gold, describes trading environment as volatile

Joe Healy, from Galway, who was elected president of the Irish Farmers Association (IFA) at their 2016 Election today. Photograph: Dave Meehan/The Irish Times

Landslide victory for new president a kick in the teeth for organisation’s establishment

Newly elected IFA president Joe Healy celebrates with his family. Photograph: Eoin Burke-Kennedy

Joe Healy’s election seen as reaction to recent controversy

Bank is main creditor to Carlow machinery firm, which was put in receivership last week

 From left Tom Hickey, Petroneft non executive director, Paul Dowling chief financial offers and Dennis Francis chief executive   Photograph: Frank Miller /	Irish Times

Dublin-based company has been in a dispute with its largest shareholder Natlata

  IFA National Livestock chairman Henry Burns: two recent polls give Joe Healy  a narrow lead  for IFA president over Mr Burns, the hierarchy’s preferred candidate. Photograph: Alan Betson/The Irish Times

Joe Healy leads three-way field ahead of Tuesday’s vote count

 Enda Corneille, Emirates  and  Mishal Kanoo, CEO of the Kanoo Group.

Chief executive of Kanoo group was attending the 2016 Arab-Irish business forum

Company claims move was in response to weaker returns amid global slump

Minister for Agriculture, Food and the Marine Simon Coveney: wrote to EU’s trade commissioner Cecilia Malmström last week expressing his concerns about the potential impact of the deal on Ireland’s beef sector. Photograph: Eric Luke

States do not want EU opened to Argentinian and Brazilian farm products

Firm says revised predictions could be derailed by Brexit or further political deadlock here

Transocean, which provided Providence with a drilling unit for Barryroe oil field, had appealed against a ruling by the Commercial Court. Photograph: Finbarr O’Rourke

Irish oil and gas explorer ordered to pay €6.2m to offshore drilling company Transocean

Photograph: Chris Ratcliffe/Bloomberg

Washington-based fund says Ireland has most to gain from liberalisation of world trade

Ships in Dublin Port being loaded with goods for export. Photograph: Irish Times

High passenger and trade figures mean Government will get €10.9 million dividend

Deal between Dublin and Washington extends only to high-value steak cuts, but the big demand is for mince

Industry sources insist trade will not pick up until deal is widened to include mince

File photo   of EU and UK flags fly above the EU Commission offices in Westminster, London. Photograph: Stefan Rousseau/PA Wire

Merrion Stockbrokers issues warning over ongoing politcal stalemate

Chinese premier Li Keqiang with his wife, Madam Cheng, and Taoiseach Enda Kenny on Garvey’s farm in Gortbrack, Co Mayo, in May last year. Photograph: Cyril Byrne

Deal to reopen Chinese market in jeopardy over vote by Ireland at UNHRC

Ireland’s headline inflation rate has been negative for 12 of the last 15 months, CSO figures show

Fall-off in sentiment comes despite a strong sequence of domestic economic data including healthy job numbers and better-than-expected growth figures. Photograph: Eric Luke /Irish Times

Darker mood among consumers linked to prospect of prolonged political uncertainty

Figures suggest number of workers classified as unemployed fell by 2,900 last month

Positive employment numbers here contrast with lacklustre data for euro area as a whole

Irish broadband operator Imagine has teamed up with Australia’s largest investment bank Macquarie to bid for the Government’s €1.5 billion rural broadband contract. File photograph: Andrew Matthews/PA Wire

Irish telco confirms it has financial backing of Australia’s largest investment bank

Eir plans to have up to 100,000 of these homes connected within 12 months with the remainder hooked up by 2020.

Provider has started connecting homes already earmarked for the State scheme

Report on sector suggests it will experience fastest manufacturing growth in UK

Tony Smurfit, whose father, Michael Smurfit, was previously chief executive Photograph: Brenda Fitzsimons/Irish Times

Tony Smurfit took over from Gary McGann as chief executive in September last year

Salary, work/life balance and location ranked as the top metrics for Irish workers when considering where and who they wanted to work for. Photograph: Dara Mac Donaill

Study shows workers here more flexible in their industries than counterparts abroad

Competitors will vie for the top prize in a Dragons’ Den style contest. Photograph: Brenda Fitzsimons

Contest will see shortlist of finalists compete for top prize in ‘Dragons’ Den’ format

Ryanair closing up nearly 3 per cent at €13.60, which was roughly in line with its European rivals. Photograph: Josep Lago/AFP/Getty Images

Shares in Aryzta rise for the first time in week, climbing 2 per cent to €33.80 in Dublin

Aryzta chief executive Owen Killian:  has sold most of his own shares in company. Photograph: Cyril Byrne

Investors unhappy with company’s communication about its financial performance

Eir: company is in a dispute with its rival telcos over fault repair times on the broadband and fixed line network.

Sky, Vodafone, BT and Magnet also want stiffer financial penalty regime imposed

Traders on the floor of the New York Stock Exchange:  Wall Street edged up early on Thursday as FedEx and GE shares lifted the industrials sector. Photograph: Lucas Jackson/Reuters

Swiss-Irish food group Aryzta rounds off difficult few days with modest decline

Aryzta chief executive Owen Killian trims holding in the group. Photograph: Cyril Byrne/The Irish Times

Owen Killian says disposal does not reflect his confidence in Swiss-Irish food group

Aryzta chief executive Owen Killian is the owner 2 Shrewsbury Road in Dublin, one of the most expensive homes in the State.

Media shy Aryzta boss is in unfamiliar territory

Owen Killian,  CEO of Aryzta.  The food group has been struggling to stem investor unease about the company’s US business, which is reported to have lost some big contracts, and a potentially costly French acquisition.

The last thing a company director needs to have happen is his shares being sold in a falling market

The ESRI estimates that if property prices continue to rise at the current rate of 6 per cent per annum, all households would be free of negative equity by the end of 2019. Photograph: Cyril Byrne/The Irish Times

Some 99,950 homes in State worth less than related home loans at end of 2015

The Economic and Social Research Institute  has cautioned the Government against making economic plans based on  headline growth numbers. File photograph: Getty Images

Think tank says headline growth figure is exaggerating true level of economic activity

Former Central Bank governor Patrick Honohan: said last year that  Ireland’s recovery was best illustrated by the growth in employment. Photograph: Dara Mac Donaill

Multinational activity still distorting true velocity of Ireland’s recovery

Mario Draghi, president of the European Central Bank (ECB), pauses during a news conference to announce the bank’s interest rate decision at the ECB headquarters in Frankfurt, Germany, on Thursday. Photograph: Martin Leissl/Bloomberg

Data shows Ireland’s growth of 7.8 % as ECB’s Mario Draghi reduces interest rate to zero

Wall Street reversed course and slipped sharply into the red in volatile trading on Thursday . By early evening, the Dow Jones industrial average was down 107.41 points, or 0.63 per cent, at 16,892.95, the S&P 500 was down 10.84 points, or 0.54 per cent, at 1,978.42 and the Nasdaq Composite was down 31.36 points, or 0.67 per cent, at 4,643.02.

ECB rate cut and Draghi comments prompt up and down day on European markets

GNP grew by 5.7% in the last quarter of 2015. Photograph: Alan Betson/The Irish Times

Annual expansion of 7.8% driven by domestic demand and exports

Global milk prices have fallen by nearly 40 per cent since 2014 on the back of a glut in production, a fall-off in Chinese demand and the Russian trade ban.

Glanbia’s new finance product offers more flexible repayment structures

  Mayor of London Boris Johnson appearing on the BBC One current affairs programme, The Andrew Marr Show.

Davy research note suggests sterling could fall below $1.35 in event of a vote to leave

  Dr Arthur Laffer

Reagan’s tax guru believes property mogul is party’s best chance to beat Clinton

Manpower survey details employment growth across 10 of 11 sectors

 Dermot Smurfit  .Photograph: Brenda Fitzsimons / THE IRISH TIMES

The Finnish paper and packaging firm is part-owned by Smurfit brothers

Grafton boss Gavin Slark he was pleased that growth was coming in from almost all parts of the Grafton group.

Company behind Woodie’s DIY chain saw revenue rise 6 per cent to £2.2 billion in 2015

The review will consider whether Eir’s infrastructural arm Open Eir should be run as a separate business, as is the case in other jurisdictions. Photograph: Eric Luke / The Irish Times

Review will consider possibility of separating Eir’s wholesale arm from its retail business

Ultimate regulatory approval rests with Directorate General for Competition, company confirms

Report finds number of construction notices for new housing reached 8,000 in 2015

The Government plans to award two subsidised contracts for the rollout of high-speed broadband across rural Ireland later this year. The scheme is likely to cost up to €1.5 billion, with the State expected to stump up half the money. Photograph: Andrew Matthews/PA Wire

Company says State-funded network should be operated on wholesale-only basis

 Robert Adair,  Petroceltic chairman  .Photograph: Dara Mac Dónaill / The Irish Times

Skye Investments says takeover offer significantly undervalues UK-listed explorer

 Robert Pitt, chief executive at the Independent News and Media (INM) Group AGM in Dublin.Photograph: Alan Betson / The Irish Times

Media group, however, reports 4.1% decline circulation revenue

Study cites recent investment announcements by Oracle, LinkedIn, Workday and Apple as evidence of deepening economic ties.

As a destination for US investment, Ireland is bigger than Latin America and China

Political change: the Irish political centre has remained resilient and broadly pro-business, Ibec’s Danny McCoy will tell a Brussels forum. Photograph: Paul Faith

McCoy says there remains strong support for Ireland’s pro-enterprise economic model

Building materials group CRH declined in line with rivals, falling roughly 3 per cent, to €22.42

In Dublin Permanent TSB suffers most from global sell-off in financials

Glanbia’s performance nutrition was the main driver of earnings growth in 2015 with ebita of €135.6 million, up 28.3 per cent on a constant currency basis and up 52 per cent on a reported basis

Latest full-year numbers show sports nutrition outstripped global ingredients in 2015

Stan McCarthy: notes that foodservice is now growing at three times the rate of retail. Photograph: Dara Mac Dónaill / The Irish Times

Food group takes note of major trend in global food sector

 Minister for Jobs Richard Bruton: “What is most welcome is the wide range of sectors showing growth,” the Minister said.  Photograph: Eric Luke / The Irish Times

Businesses concerned about possible instability after election, says Ibec

Quarterly National Household Survey puts overall jobless rate at 9.1 per cent

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