Your business week: Ocean Wealth Summit, DCU Brexit Institute seminar

Sino-European Entrepreneurs Summit, US and German inflation indicators

Former US secretary of state John Kerry expected at Our Ocean Wealth Summit in Cork. Photograph:  Zach Gibson/Getty

Former US secretary of state John Kerry expected at Our Ocean Wealth Summit in Cork. Photograph: Zach Gibson/Getty

 

Monday

Indicators: UK GDP (Apr), construction orders (Q1), construction output (Apr), manufacturing and industrial production (Apr); US consumer inflation expectations (May).
Meetings: Ocean Wealth Summit (Cork City Hall).

On Monday and Tuesday, about 30 Irish SMEs will have the opportunity to pitch their business ideas and technology relating to the marine environment as part of the Our Ocean Wealth Summit.

They could not ask for a better and more influential potential audience – the summit will see more than 30 heads of state, UN representatives and ambassadors from island nations, along with former US secretary of state John Kerry and former Irish president Mary Robinson.

With climate change and its effects on rising sea levels an increasingly urgent agenda item, there has never been a better time to vie for attention.

Enter the Marine Industry Showcase, organised by Enterprise Ireland which never seems to miss a promotional beat. The showcase will examine two key themes – Marine Internet of Things technologies and innovation, including smart ports, smart shipping and maritime communications; as well as the emerging opportunity for the offshore wind sector.

The latter will take in both the existing technology of fixed offshore wind, in which turbines are attached to the seabed, and emerging floating technology.

The theme of this year’s Our Ocean Wealth Summit is “Shared Voices from Small Island Nations”, those on the precipice of climate change effects.

Tuesday

Indicators: UK unemployment (Apr), average earnings (Apr); US business optimism index (May); PPI (May), economic optimism (Jun).
Meetings: Financial Services Ireland lunch with address from Stripe’s head of regulatory affairs; Institute of International and European Affairs’ 2019 European Semester: Future Jobs, Investment and Growth for Ireland and Europe (Gresham Hotel, Dublin 1); Small Firms Association Financial Planning for Non Financial Managers and Business Owners (Bank of Ireland Montrose, Dublin 4).
Other: The Irish Fiscal Advisory Council publishes its annual Fiscal Assessment Report.

Wednesday

Indicators: US inflation (May).
Meetings: Aminex AGM (ByrneWallace, Harcourt Street, Dublin 2); Manufacturing Solutions Ireland technology event (Limerick IT).

Thursday

Results: DS Smith.
Indicators: Euro zone industrial production (Apr); German inflation (May); US import and export prices (May).
Meetings: Ibec Keep Well Summit on health in corporate settings (Croke Park, Dublin 3); Ibec Manufacturing the Future Conference (Salthill Hotel Galway); Digital Transformation Summit (Royal Marine Hotel, Dún Laoghaire, Dublin); Taste of Dublin food and drink festival (Iveagh Gardens, Harcourt Street, Dublin 2); Budget Perspectives 2020 (Economic and Social Research Institute, Whitaker Square, Sir John Rogerson’s Quay, Dublin 2).

Friday

Indicators: Euro zone balance of trade (Apr); US retail sales (May), manufacturing and industrial production (May), business inventories (Apr).
Meetings: Sino-European Entrepreneurs Summit (Killashee House Hotel, Naas, Co Kildare); DCU Brexit Institute seminar Which Brexit After European Elections? (The Helix, Dublin City University).

On Friday the incoming Chinese ambassador to Ireland He Xiangdong will give the opening address at a business conference at which both IDA Ireland and Enterprise Ireland will present on the emerging trade opportunities between the two countries.

The annual Sino-European Entrepreneurs Summit will visit Ireland for the first time as an extension of the main London event being opened by former UK prime minister Gordon Brown. Organised by the Sino-International Entrepreneurs Federation, the Irish element is a reflection of increasing trade relations.

It is of considerable value too – more than 100 Chinese business leaders and government officials will arrive here, just days after the departure of US president Donald Trump and his administration which has locked horns on the trade agenda.

That will have little bearing in Dublin of course, where the focus will be firmly on opportunity. Since its establishment in 2008, the summit says it has prompted more than €650 million in Sino-European projects.

And who can forget Brexit? Certainly not Sandy Sheerin, Ireland’s summit organiser. “We are really excited to host this internationally renowned summit in Ireland for the first time,” she said. “Building new and worthwhile trading relationships is vital for Ireland in a post-Brexit environment, and China has so much to offer in this capacity.”

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