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A voice in Brussels; fast-tracking commercial disputes; and options for mortgageholders

A voice in Brussels; fast-tracking commercial disputes; and options for mortgageholders Business Today: the best news, analysis and comment from The Irish Times business desk about 3 hours ago Fears that Ireland is losing influence in Brussels as a generation of powerful civil servants draw close to retirement has triggered a move by Government to encourage more Irish graduates to work in European institutions, writes Naomi O’Leary. A new strategy hopes to sharply increase the numbers working at the heart of the European Union. A new arbitration service, working with some of Ireland’s top barristers and a retired appeal court judge, is hoping to offer quicker binding decisions at a much reduced cost in commercial disputes against the background of a growing backlog of cases in the High Court caused by the Covid-19 pandemic. Colm Keena has the details of the service that has the support of the judge heading the Commercial Division of the court.

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Betting on drones, mortgages defying Covid, and beating the online scammers

Betting on drones, mortgages defying Covid, and beating the online scammers Business Today: the best news, analysis and comment from The Irish Times business desk about 4 hours ago Bobby Healy’s drone delivery service Manna has secured a €21 million investment from listed VC group Draper Esprit as it looks to scale up the business and be ready to cover markets across Europe by 2023 as regulators sanction such services. Charlie Taylor has the details. Mortgage activity continues to defy the Covid-19 lockdown as approvals and drawdowns remaining strong in the first quarter for 2021 with drawdowns in the first quarter at their highest level since 2009, according to the Banking and Payments Federation of Ireland. Eoin Burke-Kennedy looks at the numbers.

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Builders face price hikes, Finance Ireland IPO, and how to cash in early on a pension

Builders face price hikes, Finance Ireland IPO, and how to cash in early on a pension Business Today: the best news, analysis and comment from The Irish Times business desk about an hour ago Builders face double-figure raw material price hikes as the industry gears up for full re-opening next week, reports Barry O’Halloran. Builders suppliers are warning customers of price increases ranging from 5 per cent to as much as 20 per cent for timber, insulation, plastic piping, electrical goods and other key construction materials in recent weeks. Non-bank lender Finance Ireland will look at floating on the stock market in the second half of next year at the earliest, according to chief executive Billy Kane. Joe Brennan writes that the company was forced to abandon plans for a €100 million-plus IPO in May 2020 as the rapid spread of Covid-19 globally threw equity markets into turmoil.

United statesBarry ohalloranFiona reddanDominic coyleCiara obrienBilly kaneJohnny ryanJoe brennanColin gleesonJack horgan jonesCharlie taylorLaura slatterySarah gillespieAccountability centreBanking payments federation irelandData protection commission

State pension charges, row over Exergyn s future, and how trusts can cut taxes

Recipients of the Irish State pension living in North America have experienced a sharp increase in the cost of receiving their benefit, due to a change in banking provider by the Department of Social Protection, reports Fiona Reddan and Ellen OâRiordan. The move follows a switch by the department from Bank of Ireland to Danske Bank. Dublin-based Exergyn has become embroiled in a row with its own investors over the future direction of the company and a possible sale to US heating giant Carrier Global. Eoin Burke-Kennedy reports that the clean tech specialist has attracted global attention by developing and patenting an emissions-free heat pump that contains no refrigerant gases, one of the main causes of global warming.

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Opposition to Chawke s apartments, BBC in mourning, and housing affordability

Opposition to Chawke s apartments, BBC in mourning, and housing affordability
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