Apple’s missing billions; brewing a profit at Bewleys; and learning from failure on the EBA vote

Business Today: The best news, analysis and comment from ‘The Irish Times’ business desk

Apple is expected to move within weeks to deposit up to €14 billion in contested back taxes in an escrow account, the Taoiseach Leo Varadkar told the Dáil. Marie O'Halloran reports that the move comes well over a year after the European Commission ruled the money was owing.

Bewleys, one of Dublin's famous names, expects to return to profit next year after the cost of refurbishing its Grafton Street restaurant saw losses widen in 2016, writes Ciarán Hancock.

An Irish businessman has accused the US of wiping out a Irish-Canadian payments processing business by wrongly placing it on a blacklist for alleged money laundering. Barry O'Halloran has the details.

Losing out on the prize of the European Banking Authority on the drawing of lots will have been galling for the Government and the bid team, writes Cliff Taylor, but the building of alliances among smaller EU states that almost led to victory could be very useful as Ireland faces a series of challenges ahead in Europe, not least on taxation.

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Philip Hammond delivers the UK budget today and all the signs are that he is going to focus on keeping millennials happy with measures to promote access to the property market, cheaper transport and possibly better terms on repaying student loans, writes Fiona Walsh.

In Commercial property, Jack Fagan reports on a looming battle between investment groups and property developers over a €5 million-plus site in upmarket Ballsbridge, which is currently occupied by a three-storey Victorian nursing home.

He also writes that Zara founder Amancio Ortega is one of four bidders for a row of shops, offices and apartments next to Dublin's Gaiety theatre which is expected to fetch around €165 million.

Dominic Coyle

Dominic Coyle

Dominic Coyle is Deputy Business Editor of The Irish Times