Shares recovered from the latest Brexit shock on Tuesday, aided by hopes that the US and China could strike a deal, avoiding a trade war

Market report: Recovery helped by greater optimism over US-China trade

Brazilian airline Gol will lease 11 Boeing aircraft from Irish aviation financier Avolon from next year

Irish aviation financier will begin delivery of planes from the middle of next year

Cherrywood will ultimately have 8,000 new homes, as well as offices and shops.

US-based group and its Dutch fund manager partner making a big play in build-to-rent sector

Before leave vote 90% of Galway stair firm’s business went to UK, it almost went under

The disused Player Wills factory site on South Circular Road,  Dublin. Photograph: Dara Mac Dónaill

Nama receivers Grant Thornton appealed council’s decision to place disused factory on South Circular Road on vacant sites register

HM Revenue & Customs says that businesses should immediately apply for a UK economic operator registration and identification number. Photograph: Getty Images

Companies that import and export to and from the EU told to take several steps

The investment will include building a new 50km connection  in Scotland, which is the latest phase in completing the interconnector between Britain and Ireland.

State utility to upgrade interconnector and enable network to carry compressed gas

Manufacturing at the Combilift Forklifts. Ahead of Brexit, Combilift is applying to the Revenue  for authorised economic operator status, which allows for a quicker passage through checkpoints. Photograph: David Sleator

Clever companies putting in place contingency plans to deal with the many threats

A sticker reading “No Border, No Brexit” on a road sign near the Hands Across the Divide sculpture in Derry. Photograph: Mary Turner/Bloomberg

Two-month wait on VAT repayment could seriously pressurise companies’ cash flow

News of the move prompted the Financial Services Union, which represents many Bank of Ireland staff, to warn that the lender cannot transfer workers to Willis Towers Watson against their will.  Photograph: Peter Muhly/AFP/Getty Images

Increasingly complex regulations believed to have led bank to hire Willis Towers Watson

Cerberus bought the loans, collectively called Project Eagle and worth around £4 billion, at a discount in April 2014 from Nama. Photograph: Cyril Byrne

Promontoria Eagle collected €242m due from borrowers last year

“We are keen to ensure investors are not misled or misinformed about their investments in Irish-domiciled funds,” says Derville Rowland, the Central Bank’s director general, financial conduct. Photograph: Alan Betson

Central Bank mainly concerned with ‘closet indexing’ in case customers being mislead

Central Bank on  North Wall Quay, Dublin: has established an investment banks and broker dealers division. Photograph: Alan Betson

Watchdogs to keep sharp eye on investment banks and brokers, says Central Bank

    Wow’s   financial woes emerged in September, after running the rule over its books. Photograph:   Brian Lougheed

Wow’s future in doubt as rival Icelandair drops plans to buy the smaller carrier

 Irish man John Slattery,  chief executive of Brazilian firm   Embraer Commercial Aviation,  at  Dublin Airport  with one of Embraer’s E190-E2s. Photograph: Peter Houlihan

Embraer’s order book for latest model expected to be 25% filled by Dublin-based firms

Investor Farringdon filed notices with the Irish Stock Exchange following a reorganisation of the 6.8 per cent it holds in INM, the troubled publisher of the “Irish Independent” and “Evening Herald”. Photograph: Dara Mac Dónaill

Duke uses investment firm Blackwell to manage endowments and pension investments

US president Donald Trump. Photograph: Mandel Ngan/AFP/Getty Images

Brexit fears may be behind falls for construction-related companies like Kingspan

Lakeland and LacPatrick shareholders voted last month to merge in a move to create a business that will generate revenues of €1 billion. Photograph: iStock

Competition and Markets Authority issues initial enforcement order

FastHouse has announced the completion of its contract to build lodges at the Center Parcs resort in Co Longford. Pictured are Sisk senior contracts manager Cormac Fitzpatrick, Center Parcs construction and development director Paul Kent and FastHouse sales and installations director Sean Fox Photograph: Conor McCabe photography

Rapid-build specialist backed by businessman Kevin Lagan’s €20m investment

Former CRH executive Maeve Carton is set to succeed   IAG chief Willie Walsh as chair of the State body responsible for the Republic’s national debt. Photograph: Alan Betson

Ex-CRH director to succeed Willie Walsh at helm of body responsible for State’s sovereign debt

Minister for Finance Paschal Donohoe confirmed   that a new agreement between  Revenue   and the Maltese tax authorities will close the loophole. Photograph: Nick Bradshaw

Mechanism allows US multinationals to channel cash through Malta

NYSE screens as beaten-down tech shares led the rebound in US stocks, while Treasuries fell as investors gained confidence from positive political developments in Europe and rising oil prices. Photograph: Jordan Sirek/Bloomberg

In Dublin Paddy Power Betfair falls as rows over regulation and taxes concern investors

Ryanair and Aer Lingus-owner IAG will strengthen their respective grips on the European air travel market, an expert has said. Photograph: Niall Carson/PA Wire

Market consolidation will see smaller airlines fold, Dr Frankie O’Connell says

New regulations demand that by 2020 airport screening systems for baggage that passengers check in must match detection levels similar to medical CAT scans. Photograph: iStock

New security regulation to come into force in 2020

Eirgrid plans to link two substations in Woodland, Co Meath, and Dunstown, Co Kildare, at a cost of €110-€190 million. Photograph: iStock

Economic growth and data centres fuel need for expanded electricity transmission system

Inquiries into Project Eagle revealed that former Nama adviser Frank Cushnahan, Belfast solicitor Ian Coulter and US lawyers Brown Rudnick were to share €18 million if another bidder, Pimco, succeeded in buying the loans

Deal in which €6bn worth of property loans to a US firm for €1.6bn prompted a criminal inquiry

Tony O’Reilly junior of Providence Resource: the group,  and its partner Chinese group Apec, are preparing to drill in the Barryroe prospect south of Kinsale Head in Cork. Photograph: Dara Mac Dónaill / The Irish Times

Move could hit group’s plans to exploit oil discovery off the south coast

Fernbank, a Park Developments project: the builder has taken fresh borrowings from Bank of Ireland and AIB, secured on the group’s assets.

Builder nearly doubles profits in year in which it borrows to pay off debt to Nama

Minister for Health Simon Harris told the American Chamber of Commerce Ireland’s annual Thanksgiving lunch that Brexit was “a lose-lose” for the EU and the UK.

Access to housing for workers a ‘key ask’ for US employers in Republic, lobby group says

An Ecocem truck leaving the South Quays dispatch facility in Ringsend, Dublin

Cement-maker has its head offices and a factory in Dublin, as well as businesses in Britain, France and the Netherlands

Motorists will ultimately have to pay a levy to meet the cost of claims for Setanta Insurance, which was placed into liquidation in 2014.

Judge orders State Claims Agency to pay €21m to some seeking compensation

Malta-based insurer Setanta, which sold private, commercial and motor insurance in the Republic, was wound up in 2014, leaving around €90 million in outstanding claims.

Nearly 1,300 people made eligible claims against now-defunct company

One of Zoobox’s  environment-friendly holiday homes

Zoobox has raised €5.5m to make holiday homes for sale here and abroad

National Children’s Hospital at St James’s. Photograph: Brenda Fitzsimons

Chief executive warn that construction sector remains in a fragile state

An Ecocem truck at the South Quays dispatch facility in Dublin. Ecocem’s reputation is built on the fact that it makes “green” cement. File photograph: David Sleator

Subsidiary of Irish firm pushing to build ‘green’ cement plant in San Francisco bay

Studies have linked betting terminals to a rise in problem gambling in the UK. Photograph: Getty

UK to bring forward stake limits in move set to cost Paddy Power Betfair €53m

 Hibernia chief executive Kevin Nowlan said   the company was considering selling the apartments to help fund the construction of homes and offices at Gateway, Newlands Cross. Photograph:  Tom Honan

Property investor warns again about shortage of residential accommodation

1 Sir John Rogerson’s Quay has been let  to software multinational Hubspot.

Firm confirms it has let 1 Sir John Rogerson’s Quay to software firm Hubspot

The Isle of Man allows  individuals and companies to avoid paying the sales tax on aircraft imported into the EU through there

European Commission clamps down on tax break that allows people to avoid paying VAT

 Eir’s director of mobile networks Fergal   and CEO Carolan Lennon at Eir’s offices. The company   pledged on Monday to spend €150 million on boosting its mobile network. Photograph: Chris Bellew/Fennell Photography

Firm plans to install 4G equipment at all its sites to provide high-speed data services

The Aughinish Alumina refinery on the Shannon Estuary near Foynes, Co Limerick

US treasury move against Russian oligarchs has left question mark over future of Limerick plant which employs 450

The report highlights a decline of €43 million for charities, community groups, sports bodies and other causes to €225 million last year from €268 million in 2008. Photograph: Nick Bradshaw

Online betting sites say they are not to blame for State lottery having less cash for charity

Construction cranes in Dublin. Activity in commercial development, house-building and public projects increased again in October

The Republic’s construction industry has expanded for five years after pulling out of recession

Former Player Wills tobacco factory site on South Circular Road, Dublin. Photograph: Dara Mac Dónaill

Borrowers close to regaining control of south Dublin site once earmarked for 750 homes

Italy’s deputy prime minister Luigi Di Maio gestures during a press conference on Friday. The Italian government and the European Commission are on a collision course. Photograph: Getty

Smurfit badly hit in Dublin as sector falls out of favour

IPL Plastics chief executive Alan Walsh. The  container maker’s revenue grew 7.4 per cent to $169.2 million  in the third quarter.

Company working on plans to boost margins

An Post owned 53 per cent of the company and sold the vouchers through post offices around the Republic.

Fintech Blackhawk Network buys Gift Voucher Shop, the company behind the gift token

Lagan Homes website

Lagan Investments being funded from €527m sale of construction supply firm

“Contrary to these invented claims, Ryanair has experienced very little industrial action this year from its staff,” the airline argues. Photograph: Yves Herman/File Photo/Reuters

Alabama-based fund claims ‘false and misleading statements’ over industrial relations

A trader works on the floor of the New York Stock Exchange. Photograph: Brendan McDermid/Reuters

Iseq closes down 0.9%, with CRH, Green Reit and Ryanair among those to lose ground

The Irish Aviation Authority confirmed that it is seeing a growing number of applications for aircraft engineers’ licences. Photograph: Alan Betson

British licence holders rush to register with Irish Aviation Authority

The “contingency” duty-free space was the only design change  ICG sought for the WB Yeats.

Ferry operator sets aside space on €144 million ‘WB Yeats’ as contingency measure

Capital ratios at both Bank of Ireland and AIB have been deemed to be adequate to withstand a downturn.

Analysis: European Banking Authority says two banks have sufficient capital to survive a recession

The results aid regulators in deciding whether banks should raise more capital and what level of dividends they can give shareholders and the bonuses they can pay staff. Photograph: Simon Dawson/Bloomberg via Getty Images

Both AIB and Bank of Ireland survive EBA stress tests of Europe’s main banks

AIB and Bank of Ireland are likely to fare worse than many other European banks

Sean Mulryan of Ballymore Group. Ballymore’s Royal Wharf complex has over 500 taxpayer-subsidised tenants, living in 240 of the development’s 3,385 dwellings, as part of a scheme to allay London’s housing crisis. Photograph: Alan Betson

Sean Mulryan’s company and a charity appear to be allowing subsidised tenants use London gym and pool

Deal mirrors a similar one in Dublin involving Aer Lingus and Cityjet

SMBC Aviation Capital chief executive Peter Barrett said Asia is a big market for the Irish firm. Photograph: iStock

Move brings Dublin-headquartered aircraft lessor closer to Asian customers

Fórsa confirmed that it had signed a deal with Crewlink and Workforce giving it sole rights to negotiate for Ryanair cabin crew employed by both agencies. Photograph: Francois Lenoir/Reuters

Union calls deal first step towards collective bargaining for crew

Barclays Bank has applied to the UK high court for an order allowing it to transfer its €250 billion European Economic Area (EEA) business to the Republic and expects this to be heard on January 22nd. Photograph: Joe Giddens/PA Wire

Bank to ask court to allow it to transfer its non-UK European business to Dublin office

The Dublin-London City route has been Cityjet’s mainstay since it launched in the 1990s. Photograph: Nick Bradshaw

‘Wet leasing’ deal for Cityjet’s London service to be investigated by competition authority

The new runway will be located almost 1.7km to the north of the existing runway at Dublin airport

Proposed Bill would allow DAA to appeal a planning condition limiting night-time flights

Clayton Hotel chain operator Dalata fell as it was confirmed that the State’s 9 per cent hospitality VAT rate was to go. Photograph: David Cantwell

Ongoing tensions over Italy’s finances overshadow European trade

Paddy Power Betfair has 261 betting shops in the Republic.

Bookmakers’ lobby group predicts 1,500 job losses

Money is to be spent on expanding the Luas

New buses for Dublin and ports to be upgraded

Paschal Donohoe said that it was “timely” to increase the current 1 per cent rate levied on all bets placed in the Republic of Ireland to 2 per cent for all bookmakers.

Move scheduled to raise €52m a year

Sirius chief executive Howard Millar: was chief financial officer and deputy chief executive of Ryanair until 2014. Photograph: Bryan O’Brien

Sirius plans to buy and lease second-hand planes mainly for short-haul flights

For sale signs on Sandycove Road in Co Dublin. Photograph: Cyril Byrne

Figures from Sherry FitzGerald show prices in Dublin grew 3.6% in the period, around half the level of the previous year

Marmite maker Unilever drops  plans to centralise its HQ in Rotterdam. Photograph:   Epa/Andy Rain

Apple, Twitter and Facebook down as investors fear US economy overheating

Abbey executive chairman Charles Gallagher. Photograph: Alan Betson

Charles Gallagher says move will increase profits but ease accommodation squeeze

Ryanair chief executive Michael O’Leary  at the airline’s agm on  September 20th. Photograph: Cyril Byrne

Airline issues profit warning as it braces for further industrial unrest in difficult market

Minimum wage workers are  more likely to lose their jobs than higher paid employees, according to the ESRI study.

Most workers’ pay increases without having to move jobs, says ESRI study

Eirgrid chief executive Mark Foley in the national control room in Dublin. File photograph: Aidan Crawley

Integrated single electricity market went live on Monday, opening Ireland up to imported power from Europe

Ryanair’s shares plunged 12.5 per cent to €11.48. Photograph: Yves Herman/File Photo/Reuters

European stocks buoyed by new Nafta trade pact between US, Canada and Mexico

Enda Corneille, Ireland manager of airline Emirates, said his company’s craft regularly fly out a range of goods in their cargo holds, such as beef, eggs, and medical products.

Arab-Irish Chamber of Commerce identifies opportunities for companies from multi-nationals to Irish small businesses

Figures from MyHome.ie showed house price inflation slowing. Photograph: iStock

Housebuilders also hit as investors hold back from market

Genesis buys Boeing and Airbus short-haul craft that are leased to airlines around the world. Photograph: iStock

Aviation firm pledges to hire Irish companies for maintenance ‘where practicable’

Northern Ireland’s power plants may have sufficient capacity to supply the region, albeit at higher prices than now.

UK government paper suggests North may suffer blackouts with energy firms collapsing

Ryanair crew waits as passengers disembark at Brussels South Charleroi Airport: If the UK crashed out of the EU without a deal, it would fall out of Open Skies. Photograph: Emmanuel Dunand/AFP

Airlines’ cashflows face disruption and fallout of toll on UK economy, Moody’s warns

IAA chairman designate Michael McGrail said it was critical that Dublin Airport’s new runway be built as planned.

‘There would be a danger that flights to the UK could halt’, Oireachtas committee hears

A Ryanair cabin crew member. Photograph: François Lenoir/File Photo/Reuters

Airline accuses competitors of impeding its talks with unions and organising strikes

Ryanair said on Tuesday that it would cancel 190 of a total of 2,400 flights.

Airline says move will hit 30,000 of 450,000 passengers

Norwegian last year launched services to Stewart International Airport in New York state and Providence, Rhode Island. Photograph: Johan Nilsson/TT News Agency/Reuters

Carrier announces milestone a day after row over its decision to cut Belfast services to US

Digicel chairman Denis O’Brien. The company has announced a three-week extension to its bond swap offer after a majority of the creditors involved said they would not take up the offer. Photograph: Swoan Parker

Holders of more than 60% of debt in swap offer oppose current terms from Denis O’Brien group

Final proposals from Hines, Ballymore and U&I to be submitted to Diageo this month

Digicel has been struggling with falling earnings in recent years as currency weakness, economic reverses and declining voice and data revenues hit its main markets.Photograph: Getty Images

Denis O’Brien’s telecoms operator in bid to ease its $6.7bn debt burden

Marlet chief executive Patrick Crean: Marlet subsidiary wanted a number of issues investigated, including Chambury’s decision to sell its main asset, a plot of land on Lime Street, to what Balark said was a related company. Photograph: Jason Clarke

High Court says liquidator already posted to Johnny Ronan firm has displayed integrity

Sterling plunged more than 1 per cent against the euro to close at €1.113. Photograph: Phil Noble/Reuters

Traders offload sterling after UK prime minister calls on EU to produce fresh proposals

Denis O’Sullivan managing director of Gas Networks Ireland. “We connect between 13,000 and 14,000 new customers a year, and we operate one of the safest and most reliable networks in Europe.” Photograph:  Shane O’Neill

Greenhouse gas emissions can be converted to gas to generate electricity, power businesses, heat homes and run transport

Natural gas is needed to generate more than half the electricity used in the Republic. Photograph: iStock

State acting to avoid dependency on Britain after Corrib and Kinsale fields are exhausted

Ryanair chief executive Michael O’Leary holds a media briefing after the company’s agm on Thursday. Photograph: Niall Carson/PA Wire

O’Leary lobbying to be allowed employ pilots and crew in European countries under local contracts

Clairvue-Nantes paid Nama €26.6 million for the loans, secured on properties bought by Quinlan Private, a partnership led by financial adviser, Derek Quinlan, in February 2012.  Photograph: Cyril Byrne

State agency to appear before Public Accounts Committee

Ryanair agreed to recognise trade unions in December and said  it had reached deals with organisations representing about 60 per cent of pilots and cabin crew across its network. Photograph: Reuters

European Cockpit Association calls on investors to back ‘necessary changes’

Whiskey

Irish Whiskey Auctions to verify bottles of whiskey and charge fees to buyers and sellers

 Michael O’Leary and Charlie McCreevy during  a Ryanair agm  at Dublin Airport. Photograph: Eric Luke

Declan McKeon, one-time partner with PricewaterhouseCoopers, also steps down as director

Aer Lingus began services to Bradley airport in Hartford, Connecticut, two years ago as part of its transatlantic expansion. Photograph: Cyril Byrne

Irish airline will receive cash over four years and fly the route in fifth and sixth year with no subsidy

Minister for Housing Eoghan Murphy said the Land Development Agency is meant to ensure that the supply of homes in the Republic is no longer subject to boom-and-bust cycles. Photograph: Gareth Chaney/Collins

Work could start next year on initial 3,000 homes built by agency, Minister says

The new technology provided by Civica Digital will give the PSNI an efficient way of sharing information with other organisations in Northern Ireland’s criminal justice system.

Data-management specialist with offices in Belfast and Dublin secures five-year contract

Aer Lingus has announced that it will fly direct to Montreal in Canada and Minneapolis St Paul in Minnesota next year. Photograph Nick Bradshaw

EY report says development of airport could create 34,000 jobs and boost economy

Ryanair chief executive Michael O’Leary. The increasing number of issues faced and insufficient response by the airline put its reputation at stake, investor adviser Pirc said. Photograph: Tomasz Gzell/EPA

Investment adviser cites industrial unrest and cancelled flights as reasons for advice

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