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EU to launch counter-tariffs against US on Friday

The European Union will launch a raft of retaliatory tariffs against US exports on Friday, a top official has said. The move comes after US President Donald Trump imposed steep duties on steel and aluminium earlier this month. American exports such as blue jeans, motorbikes and bourbon whiskey will be …

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ICG ship delay helps push ISEQ lower

A 2pc drop in Irish Ferries parent ICG helped push the ISEQ index of Irish shares lower yesterday. The fall came as ICG announced a further delay to the delivery of a new ferry. It said it had failed to secure a replacement ship on charter, meaning planned journeys are …

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Rolls-Royce announces 4,600 job cuts

Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation. Middle managers and back-office staff are to bear the brunt of the cuts, which are expected to hit its Derby base hard. The company is refocusing its business on civil aerospace, …

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Flanagan pushes for vote on blasphemy law

Justice Minister Charlie Flanagan is tomorrow expected to seek Government support for moves paving the way for a referendum on ending the crime of blasphemy. If Cabinet agrees, it is likely that a referendum on this issue, and another proposed constitutional change, ending the cited special place of women in …

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SMBC bids to counter increase in fuel prices

Aircraft lessor SMBC Aviation Capital is hoping to shrug off the effects of rising fuel prices by shifting to newer, more fuel-efficient aircraft. The company had a record year of profitability last year, but profit growth slowed significantly, according to results released yesterday. Pre-tax profits grew 2.2pc to $319.4m (€270m), …

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