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xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_crime-law"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/crime-law/courts" aria-hidden="true" tabindex="-1">Courts</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/property" aria-hidden="true" tabindex="-1">Property</a><button aria-expanded="false" aria-controls="header_sub_section_property" aria-label="Show Property sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_property"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/residential" aria-hidden="true" tabindex="-1">Residential</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/commercial-property" aria-hidden="true" tabindex="-1">Commercial Property</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/property/interiors" aria-hidden="true" tabindex="-1">Interiors</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/food" aria-hidden="true" tabindex="-1">Food</a><button aria-expanded="false" aria-controls="header_sub_section_food" aria-label="Show Food sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_food"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/drink" aria-hidden="true" tabindex="-1">Drink</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/recipes" aria-hidden="true" tabindex="-1">Recipes</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/food/restaurants" aria-hidden="true" tabindex="-1">Restaurants</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/health" aria-hidden="true" tabindex="-1">Health</a><button aria-expanded="false" aria-controls="header_sub_section_health" aria-label="Show Health sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_health"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-family" aria-hidden="true" tabindex="-1">Your Family</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-fitness" aria-hidden="true" tabindex="-1">Your Fitness</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-wellness" aria-hidden="true" tabindex="-1">Your Wellness</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/health/your-fitness/get-running" aria-hidden="true" tabindex="-1">Get Running</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/life-style" aria-hidden="true" tabindex="-1">Life & Style</a><button aria-expanded="false" aria-controls="header_sub_section_life-style" aria-label="Show Life & Style sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_life-style"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/fashion" aria-hidden="true" tabindex="-1">Fashion</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/tags/beauty/" aria-hidden="true" tabindex="-1">Beauty</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/fine-art-antiques" aria-hidden="true" tabindex="-1">Fine Art & Antiques</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/gardening" aria-hidden="true" tabindex="-1">Gardening</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/people" aria-hidden="true" tabindex="-1">People</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/life-style/travel" aria-hidden="true" tabindex="-1">Travel</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/culture" aria-hidden="true" tabindex="-1">Culture</a><button aria-expanded="false" aria-controls="header_sub_section_culture" aria-label="Show Culture sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_culture"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/art" aria-hidden="true" tabindex="-1">Art</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/books" aria-hidden="true" tabindex="-1">Books</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/film" aria-hidden="true" tabindex="-1">Film</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/music" aria-hidden="true" tabindex="-1">Music</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/stage" aria-hidden="true" tabindex="-1">Stage</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/culture/tv-radio" aria-hidden="true" tabindex="-1">TV & Radio</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/environment" aria-hidden="true" tabindex="-1">Environment</a><button aria-expanded="false" aria-controls="header_sub_section_environment" aria-label="Show Environment sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_environment"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/environment/climate-crisis" aria-hidden="true" tabindex="-1">Climate Crisis</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/technology" aria-hidden="true" tabindex="-1">Technology</a><button aria-expanded="false" aria-controls="header_sub_section_technology" aria-label="Show Technology sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_technology"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/big-tech" aria-hidden="true" tabindex="-1">Big Tech</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/consumer-tech" aria-hidden="true" tabindex="-1">Consumer Tech</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/data-security" aria-hidden="true" tabindex="-1">Data & Security</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/technology/gaming" aria-hidden="true" tabindex="-1">Gaming</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/science" aria-hidden="true" tabindex="-1">Science</a><button aria-expanded="false" aria-controls="header_sub_section_science" aria-label="Show Science sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_science"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/science/space" aria-hidden="true" tabindex="-1">Space</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/media" aria-hidden="true" tabindex="-1">Media</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/abroad" aria-hidden="true" tabindex="-1">Abroad</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/obituaries" aria-hidden="true" tabindex="-1">Obituaries</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/transport" aria-hidden="true" tabindex="-1">Transport</a></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/motors" aria-hidden="true" tabindex="-1">Motors</a><button aria-expanded="false" aria-controls="header_sub_section_motors" aria-label="Show Motors sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div class="b-header-nav-chain__subsection-container "><ul class="b-header-nav-chain__subsection-menu" id="header_sub_section_motors"><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/motors/car-reviews/" aria-hidden="true" tabindex="-1">Car Reviews</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/listen/" aria-hidden="true" tabindex="-1">Listen</a></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><a class="c-link" href="/podcasts" aria-hidden="true" tabindex="-1">Podcasts</a><button aria-expanded="false" aria-controls="header_sub_section_podcasts" aria-label="Show Podcasts sub sections" class="c-button c-button--medium c-button--default submenu-caret" type="button"><span><svg class="c-icon" width="20" height="20" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" fill="currentColor" aria-hidden="true" focusable="false"><path d="M256 416C247.812 416 239.62 412.875 233.38 406.625L41.38 214.625C28.88 202.125 28.88 181.875 41.38 169.375C53.88 156.875 74.13 156.875 86.63 169.375L256 338.8L425.4 169.4C437.9 156.9 458.15 156.9 470.65 169.4C483.15 181.9 483.15 202.15 470.65 214.65L278.65 406.65C272.4 412.9 264.2 416 256 416Z"></path></svg></span></button></div><div 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tabindex="-1">Ross O'Carroll-Kelly</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/podcasts/the-counter-ruck" aria-hidden="true" tabindex="-1">The Counter Ruck Podcast</a></li><li class="subsection-item" data-testid="nav-chain-subsection-item"><a class="c-link" href="/podcasts/conversations-with-parents" aria-hidden="true" tabindex="-1">Conversations with Parents Podcast</a></li></ul></div></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/video" aria-hidden="true" tabindex="-1">Video</a></li><li class="section-item" data-testid="nav-chain-section-item"><a class="c-link" href="/photography" aria-hidden="true" tabindex="-1">Photography</a></li><li class="section-item" data-testid="nav-chain-section-item"><div data-testid="nav-chain-section-item-subsection" class="c-stack b-header-nav-chain__subsection-anchor subsection-anchor " data-style-direction="horizontal" data-style-justification="start" 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class="pagination-flex"><a href="/transport/131/" class="page-link">131</a></li><li class="pagination-flex"><a href="/transport/132/" class="page-link">132</a></li><li class="pagination-flex"><a href="/transport/133/" class="page-link">133</a></li><li class="pagination-flex"><a href="/transport/134/" class="page-link">134</a></li><li class="pagination-flex"><a href="/transport/135/" class="page-link">135</a></li><li class="pagination-flex"><a href="/transport/136/" class="page-link">136</a></li><li class="pagination-flex"><a href="/transport/137/" class="page-link">137</a></li><li class="pagination-flex"><a href="/transport/138/" class="page-link">138</a></li><li class="pagination-flex"><a href="/transport/139/" class="page-link">139</a></li><li class="pagination-flex"><a href="/transport/140/" class="page-link">140</a></li><li class="pagination-flex"><a href="/transport/141/" class="page-link">141</a></li><li class="pagination-flex"><a href="/transport/142/" 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data-style-inline="false" data-style-wrap="nowrap"><div class="b-it-sticky-chain sticky-chain"><div><div class="c-grid b-it-header-block"><div class="b-it-header-block__header-block font-normal "><a class="c-link b-it-header-block__link font-normal" href="/most-read/"><div class="c-stack b-it-header-block__heading-h5 font-normal" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="center" data-style-inline="false" data-style-wrap="nowrap"><div class="c-stack headline-block" data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap" style="--c-stack-gap:0"><h2 as="h5" class="c-heading font-normal margin_none"><span class=" font-normal">MOST READ<svg xmlns="http://www.w3.org/2000/svg" width="14" height="24" viewBox="0 0 14 24" fill="none" fill-rule="evenodd" clip-rule="evenodd" class="c-icon"><path d="M1.13096 0.799122C1.80974 0.102652 2.7203 -0.288062 3.25008 0.255525L13.3161 10.5835C14.2279 11.4523 14.228 12.9331 13.3161 13.802L3.78 23.0857C2.92237 23.9029 2.18997 24.7165 0.637788 22.9345C-0.650965 21.455 0.273466 20.6414 1.1311 19.8243L8.71733 12.5593C8.91647 12.3686 8.92364 12.0527 8.73336 11.8531L0.748709 3.47961C-0.108924 2.6625 0.0713963 1.88627 1.13096 0.799122Z"></path></svg></span></h2></div></div></a></div></div></div><div><div class="c-stack b-numbered-list" data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><div class="c-stack b-numbered-list__items" data-style-direction="vertical" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><div class="c-stack b-numbered-list__item" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><p class="c-paragraph">1</p><a class="c-link" href="/culture/stage/review/2025/03/27/ricky-gervais-live-in-dublin-review-stale-familiarity-of-shock-humour-wears-thin/"><h2 class="c-heading">Ricky Gervais live in Dublin review: shock humour wears thin as comedian shares message of defiance</h2></a><a class="c-link b-numbered-list__item-image" href="/culture/stage/review/2025/03/27/ricky-gervais-live-in-dublin-review-stale-familiarity-of-shock-humour-wears-thin/" aria-hidden="true" tabindex="-1"><img data-chromatic="ignore" alt="" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/RTLKZD7JYZHHZNSOGSJFPOLHKQ.jpg?focal=799%2C313&auth=e601e1600b282df48a84c670d24f1aa5cebd82f07bf421e90e2fb760ba92c54c&width=274&height=182" srcSet="https://www.irishtimes.com/resizer/v2/RTLKZD7JYZHHZNSOGSJFPOLHKQ.jpg?focal=799%2C313&auth=e601e1600b282df48a84c670d24f1aa5cebd82f07bf421e90e2fb760ba92c54c&width=137&height=91 137w, https://www.irishtimes.com/resizer/v2/RTLKZD7JYZHHZNSOGSJFPOLHKQ.jpg?focal=799%2C313&auth=e601e1600b282df48a84c670d24f1aa5cebd82f07bf421e90e2fb760ba92c54c&width=274&height=182 274w, https://www.irishtimes.com/resizer/v2/RTLKZD7JYZHHZNSOGSJFPOLHKQ.jpg?focal=799%2C313&auth=e601e1600b282df48a84c670d24f1aa5cebd82f07bf421e90e2fb760ba92c54c&width=548&height=364 548w" width="274" height="182"/></a></div><hr aria-hidden="true"/><div class="c-stack b-numbered-list__item" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><p class="c-paragraph">2</p><a class="c-link" href="/world/uk/2025/03/27/britains-king-charles-temporarily-hospitalised-after-side-effects-from-cancer-treatment/"><h2 class="c-heading">Britain’s King Charles temporarily hospitalised after side effects from cancer treatment</h2></a><a class="c-link b-numbered-list__item-image" href="/world/uk/2025/03/27/britains-king-charles-temporarily-hospitalised-after-side-effects-from-cancer-treatment/" aria-hidden="true" tabindex="-1"><img data-chromatic="ignore" alt="" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/IAS3P346XJI3BSL5PU6ZNZKECI.jpg?smart=true&auth=d37c42f0bab8dadae2c92b92523921fe116e854d0c02f8a66b0c8dff7ec9cae4&width=274&height=182" srcSet="https://www.irishtimes.com/resizer/v2/IAS3P346XJI3BSL5PU6ZNZKECI.jpg?smart=true&auth=d37c42f0bab8dadae2c92b92523921fe116e854d0c02f8a66b0c8dff7ec9cae4&width=137&height=91 137w, https://www.irishtimes.com/resizer/v2/IAS3P346XJI3BSL5PU6ZNZKECI.jpg?smart=true&auth=d37c42f0bab8dadae2c92b92523921fe116e854d0c02f8a66b0c8dff7ec9cae4&width=274&height=182 274w, https://www.irishtimes.com/resizer/v2/IAS3P346XJI3BSL5PU6ZNZKECI.jpg?smart=true&auth=d37c42f0bab8dadae2c92b92523921fe116e854d0c02f8a66b0c8dff7ec9cae4&width=548&height=364 548w" width="274" height="182"/></a></div><hr aria-hidden="true"/><div class="c-stack b-numbered-list__item" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><p class="c-paragraph">3</p><a class="c-link" href="/world/europe/2025/03/27/government-worried-but-working-flat-out-to-prepare-for-trumps-tariff-shock-micheal-martin/"><h2 class="c-heading">Government ‘worried’ but working ‘flat out’ to prepare for Trump’s tariff shock - Micheál Martin </h2></a><a class="c-link b-numbered-list__item-image" href="/world/europe/2025/03/27/government-worried-but-working-flat-out-to-prepare-for-trumps-tariff-shock-micheal-martin/" aria-hidden="true" tabindex="-1"><img data-chromatic="ignore" alt="" class="c-image" loading="lazy" src="https://www.irishtimes.com/resizer/v2/BLDRXH6MGBKZNJRQ7TQEYPACLU.jpg?smart=true&auth=a9a8397bcc4e10e7d03654b7761c508fb21a702b06b393d8b2eb4c9caade8a51&width=274&height=182" srcSet="https://www.irishtimes.com/resizer/v2/BLDRXH6MGBKZNJRQ7TQEYPACLU.jpg?smart=true&auth=a9a8397bcc4e10e7d03654b7761c508fb21a702b06b393d8b2eb4c9caade8a51&width=137&height=91 137w, https://www.irishtimes.com/resizer/v2/BLDRXH6MGBKZNJRQ7TQEYPACLU.jpg?smart=true&auth=a9a8397bcc4e10e7d03654b7761c508fb21a702b06b393d8b2eb4c9caade8a51&width=274&height=182 274w, https://www.irishtimes.com/resizer/v2/BLDRXH6MGBKZNJRQ7TQEYPACLU.jpg?smart=true&auth=a9a8397bcc4e10e7d03654b7761c508fb21a702b06b393d8b2eb4c9caade8a51&width=548&height=364 548w" width="274" height="182"/></a></div><hr aria-hidden="true"/><div class="c-stack b-numbered-list__item" data-style-direction="horizontal" data-style-justification="start" data-style-alignment="unset" data-style-inline="false" data-style-wrap="nowrap"><p class="c-paragraph">4</p><a class="c-link" href="/ireland/housing-planning/2025/03/27/landlords-visits-to-defrost-freezer-and-remove-dryer-fluff-breached-tenants-right-to-peaceful-occupation/"><h2 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However, last year in the first quarter of the year they spent more than £22.5 million.","type":"text"},{"_id":"GRAARNXFBFASPNKYG33ZTQYZFE","content":"According to a spokeswoman for government agency Tourism NI, although the weakness of the pound against the euro is still a factor, it is not the only attraction for southern visitors heading north.","type":"text"},{"_id":"WYZ3DGTQFVDCVJVWKZZYEZCXLY","content":"She said major investment projects in new and existing hotels and increased awareness of visitor attractions and the food and drink sector were continuing to woo visitors from Ireland and overseas countries to the North.","type":"text"},{"_id":"SFF75GNWMJHWDBOZ3OQTTUL3NE","content":"“More than one million overnight trips were taken in the first quarter of 2019 with a very strong performance on holiday trips across all markets.","type":"text"},{"_id":"AHOR2NPU7JEW5CSCTCTICOUUPA","content":"“This follows record-breaking performance for tourism in Northern Ireland in 2018, which delivered increases across all indicators. Tourism NI increased its marketing activity in the Republic of Ireland in early 2019, which has contributed to a 34 per cent increase in trips. Once six-month figures are available later in the year, we will have a fuller picture of tourism trends for 2019,” she said.","type":"text"},{"_id":"35PCD3GR6FGSBPH5CGPAP5HMSY","additional_properties":{},"content":"Business and pleasure","type":"header"},{"_id":"ZBOX3BEUHJDLNMC7ZBX2T7HSPU","content":"According to the agency, latest tourism statistics also highlight that there was also a 30 per cent increase in the number of people living in the South who made overnight trips to the North over the 12 months to March 2019.","type":"text"},{"_id":"7SUTR3FZWZE2XPOHU5RAVG4YOI","content":"Total overnight stays by residents of the South in Northern Ireland increased from 482,229 in the 12 months to March 2018 to 626,472 in the 12-month period to March of this year.","type":"text"},{"_id":"YYBXAQXZ6BE2NGTH7AXC7ADWZ4","content":"Research suggests that the key reason residents from the Republic travelled to the North was for a holiday, which accounted for more than 1.3 million of overnight trips.","type":"text"},{"_id":"ZORNIKPNMBDCXPH4QQK5FAOZOY","content":"But statistics also highlight a 60 per cent jump – 240,447 people – who said they made overnight trips to Northern Ireland to visit friends and relatives during the 12 months to March this year and a 49 per cent increase in the number of people – 38,862 – who took an overnight stay in the North for business reasons.","type":"text"},{"_id":"LTRBDZX7TNHKVKFYRLWSMUOOVU","content":"According to the research agency, overall there was a 5 per cent increase in the total number of overnight trips taken in the North by both people living on the island and also overseas visitors during the 12 months to March 2019, to hit a high of more than 5.1 million.","type":"text"},{"_id":"ZV2WWG3BFBAPXKTPILRDAC3HMQ","content":"This helped push the annual tourism expenditure total to £963 million over the period.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"Despite greater numbers, visitors spend less than in the same quarter last year"},"display_date":"2019-09-20T05:27:23Z","headlines":{"basic":"Weak pound helps draw influx of southern visitors to North"},"promo_items":{"basic":{"_id":"YFU4QSDITLPGPLOTO2FVTFROVE","auth":{"1":"e35ffaa667d17db064d11df481cf53f758a9b2dabaaca935043d153c1c6916fd"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/YFU4QSDITLPGPLOTO2FVTFROVE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/weak-pound-helps-draw-influx-of-southern-visitors-to-north-1.4024226","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"VMHZKJOGYQTOB3EVUAZFKIZPWA","additional_properties":{},"canonical_url":"/business/transport-and-tourism/airbnb-makes-long-awaited-move-with-ipo-plan-for-2020-1.4023931","content_elements":[{"_id":"GPL6BEWZTFGPBFC7UD7H5M5ZJQ","additional_properties":{},"content":"Airbnb said on Thursday that it planned to go public in 2020, becoming one of the last of a generation of prominent technology startups to aim for the stock market, even as some of its brethren have struggled since listing their shares. 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The method has gained traction in recent years as streaming service Spotify and Slack, the business software company, have adopted it.","type":"text"},{"_id":"I57ZGNPEUZAIDOYIL5GYRLEFWI","content":"This year, some of the most prominent startups – known as unicorns because they were valued at $1 billion and more by private investors – have run into trouble as they tried to reach the stock market or after they went public.","type":"text"},{"_id":"6GNQLVK2XVGCZFMJ5S7HP3LXXY","content":"The stock prices of ride-hailing companies Uber and Lyft have plunged, as has the share price of Slack. All of the companies, which are unprofitable, had been hugely hyped on their way to listing their shares.","type":"text"},{"_id":"UAP7Y7UUXVENPAOE4CSHSHXLTM","content":"This week, WeWork, another deeply unprofitable startup, postponed its initial public offering altogether after a cold reception from investors. The shared office space giant has faced deep scepticism about its business model and corporate governance.","type":"text"},{"_id":"SAJJDKU4MFEAFM6EFFLHG2ATCQ","content":"In the past, public market investors have often overlooked the losses of hot tech startups, as long as they were growing quickly. But many of the unicorns are maturing, and their growth is beginning to slow. This has raised questions about whether public market investors are missing out on the gains that venture capitalists have experienced.","type":"text"},{"_id":"42GX3DE6KVBDZK7PYE5GJOB6WI","content":"Airbnb’s public offering will cap off a decade of startup growth driven by the spread of mobile phones, cheap cloud computing and gig economy workers. The company, founded in 2009, has raised more than $4 billion in venture funding, according to Crunchbase. – NYT","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Home-sharing company has more than seven million listings in 100,000 cities"},"display_date":"2019-09-19T19:34:15Z","headlines":{"basic":"Airbnb makes long-awaited move with IPO plan for 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character of the site is conserved and enhanced.","type":"text"},{"_id":"JMT2RUACAVEBZNIQW5NLSHVF3M","content":"The Cork County Council decision to give the plan the go-ahead stated that the development would not seriously injure the amenities of the area and would be in accordance with the proper planning and development of the area.","type":"text"},{"_id":"3NKFBZFE3VG3TBWJCSM5ZZ4FWE","content":"A decision is due on the appeal in January.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Gordon Deegan"}},"name":"Gordon Deegan"}]},"description":{"basic":"Charles Colthurst argues tourist hot spot and protected structure is ‘visually sensitive’"},"display_date":"2019-09-19T19:17:45Z","headlines":{"basic":"Blarney Castle owner appeals plans for nearby 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And what Ireland did is it tried to get revenue that would have gone to other European countries to be relocated into Ireland, to take a pittance out of that [in tax] and to do a deal where Apple is perfectly happy because they get their taxes reduced.\"","type":"text"},{"_id":"YIVGRLVYHVCRFKYUNWFEQTVHPA","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/682885425&color=6195da\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"Q37AE4BDBNB4VCPJ4ZSIFI3KUM","additional_properties":{},"content":"Mr Stiglitz referred to a 2016 decision by the European Commission which said Apple must pay €13 billion in back taxes to Ireland. Both Apple and the Irish Government are challenging that decision.","type":"text"},{"_id":"NXK5W7HZ2JHJVAJHZLTDRDKFRM","additional_properties":{},"content":"\"And who pays?\" asked Mr Stiglitz, referring to Ireland's low corporate tax rate and alleged sweetheart deals accorded to digital giants. \"The rest of Europe is paying. You don't do that to your neighbours, to your partners in the EU. I view Ireland not only as a tax haven. It is not a good citizen of the EU.\"","type":"text"},{"_id":"LWLV44IPAVBQZCVVPQBP452W7Y","content":"But a few minutes later, Mr Stiglitz relented somewhat.","type":"text"},{"_id":"F6CO7VMUDZDN3EUR77HZ2GLGLA","content":"“I was a little too strong in what I said about Ireland,” he said, laughing. “I was a little shocked that they turned down the €13 billion from Apple. The country needed the money. The view that that would hurt Ireland’s reputation [to accept the payment from Apple]was totally wrong. Unless Ireland wanted to have a reputation as a confirmed tax haven . . . But if it wanted to say we’re going to play by European rules and we are going to be a normal economy, it actually made no sense to turn down that money.”","type":"text"},{"_id":"N52DVPSIVFCBNHVCEYWG3PG2RU","additional_properties":{},"content":"Source of prosperity","type":"header"},{"_id":"E7TILBWJYRFLJG63GAV2QRLAAI","content":"Mr Stiglitz said Ireland’s argument that it is a small country with few natural resources and little industry, whose prosperity relies on investment by multinational corporations is “bogus”.","type":"text"},{"_id":"ZCWH33MQ2VF7THAO4TOPXXGIC4","content":"He said evidence shows that “natural resources are not the basis of economic growth”. And “industry gets located where there are well-educated people, good infrastructure . . . countries like Japan and Korea attracted industries, educated their citizens and there’s no reason why Ireland couldn’t do the same.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Lara Marlowe"}},"name":"Lara Marlowe"}]},"description":{"basic":"Argument that State dependent on multinationals simply ‘bogus’"},"display_date":"2019-09-19T17:49:27Z","headlines":{"basic":"Ireland ‘not good EU citizen,’ says economist Joseph Stiglitz"},"promo_items":{"basic":{"_id":"PB22FVEEXE64ANCUPRHCFWM6SQ","auth":{"1":"0af0aeca6ed8a529ecd663aec88d9586fb772888122bf2b01f7c375e1f4cc536"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/PB22FVEEXE64ANCUPRHCFWM6SQ.jpg"},"lead_art":{"_id":"SXEP5HNFO3EYWDCBWQ4E5MMQXU","embed_html":"<div class=\"powa\" id=\"powa-SXEP5HNFO3EYWDCBWQ4E5MMQXU\" data-org=\"irishtimes\" data-env=\"prod\" data-uuid=\"SXEP5HNFO3EYWDCBWQ4E5MMQXU\" data-aspect-ratio=\"0.562\" data-api=\"prod\"><script src=\"//irishtimes.video-player.arcpublishing.com/prod/powaBoot.js?org=irishtimes\"><\/script></div>","promo_image":{"auth":{"1":"a70b0ab834b58885e003dd6afd6aa1a12bc1bb53d4cf01a3ca886c7cae940c2c"},"type":"image","url":"https://d2j5ip5u6h2g6o.cloudfront.net/10-30-2021/t_abc5a5c959ea4415bac2c36a4aa4631f_name_1795463433001_6088002585001_6088001872001_.jpg"},"promo_items":{"basic":{"auth":{"1":"a70b0ab834b58885e003dd6afd6aa1a12bc1bb53d4cf01a3ca886c7cae940c2c"},"type":"image","url":"https://d2j5ip5u6h2g6o.cloudfront.net/10-30-2021/t_abc5a5c959ea4415bac2c36a4aa4631f_name_1795463433001_6088002585001_6088001872001_.jpg"}},"type":"video"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ireland-not-good-eu-citizen-says-economist-joseph-stiglitz-1.4024057","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"6JLWVEPUU4JFIHHSWBFXSJVHTQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/pembroke-capital-directors-share-3-2m-pay-pot-1.4024078","content_elements":[{"_id":"I4TJ2SLXWFBSTOOC4YPS6SJYKE","additional_properties":{},"content":"Five directors at Irish-based aircraft leasing company Pembroke Capital last year shared a pay pot of $3.2 million (€2.9 million).","type":"text"},{"_id":"JWTUW4TEHNBP5LY4NB7VC6TJTI","content":"Accounts just filed with the Companies Office by Pembroke Capital Ltd and subsidiaries show the five directors received the remuneration as the firm posted record pretax profits of $6.95 million.","type":"text"},{"_id":"DGZRJWZT4BFHHLILRZI7TGW7WA","additional_properties":{},"content":"The directors are listed as William McCallum, Roselyne Renel, Chris Helme along with Irish men Kieran Corr and Peter Moylan.","type":"text"},{"_id":"NJSPPHAABZHTBDYGE5UCY2RIQU","content":"The return to profit after a loss of $26.67 million in 2017 came in spite of revenues declining 20 per cent from $167 million to $132.9 million.","type":"text"},{"_id":"SVUVIM66ANHOHD2T4NLJEDFNLI","content":"The company recorded an impairment charge of $18 million.","type":"text"},{"_id":"JVUQ4BX4RJEFTEASPMUM6YPPJY","content":"The directors’ pay was 5.5 per cent higher than in 2017, but the number of directors increased from four to five last September.","type":"text"},{"_id":"SNYAGNJLOVC3JPK3E23I2BYHBA","content":"Pembroke Capital’s 45 employees shared pay of $10.9 million. 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O’Leary argued that the deal was a “free bet” for shareholders as he would get nothing if he failed to double both the share price and profits.","type":"text"},{"_id":"3HLEMKRTORB2PDN4QKGRIGR4KU","content":"“You can understand why certain shareholders think that’s far too generous, but I think most shareholders would take the view, if he doubles the share price in the next five years, we almost don’t care what you pay him,” he added.","type":"text"},{"_id":"MB57OOT2A5B5ZE4JI5UY6VOGFA","content":"Mr O’Leary, who owns 3.9 per cent of Ryanair, said that the airline had agreed in talks with shareholders to drop share options in future in favour of a long-term incentive plan, a bonus scheme used by most quoted companies to pay and retain executives.","type":"text"},{"_id":"JRTIFHV4YJFN3FTKNILGI4HPZY","content":"He pointed out that non-executive directors would also get some benefits under this scheme.","type":"text"},{"_id":"OA77J2KJ2BFPJETARXI5J5N3H4","additional_properties":{},"content":"Important to the company","type":"header"},{"_id":"IG2VBIIX5NAPXBDVNWGXI2TNO4","additional_properties":{},"content":"Responding to Ms Brown's questions at the meeting, Ryanair non-executive director and remuneration committee chairman, Howard Millar, argued that signing up Mr O'Leary's services for a further five years was very important to the company.","type":"text"},{"_id":"TBWYWRHCUVHE5PZ7VUGF6D2NZE","content":"He explained that the board had calculated that the deal with Mr O’Leary would cost Ryanair €1.6 million a year, significantly below what comparable businesses pay their executives.","type":"text"},{"_id":"AXSOKRO7BVFNVDWVBQKNKS2MNE","content":"Mr Millar stressed that the shares would only be given to Mr O’Leary if Ryanair’s stock price doubled.","type":"text"},{"_id":"3IYDT7E6IRDKDB4E2SGYEJVDAM","content":"“The board very strongly believes that it is in the best interests of the company,” he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Bonus scheme that could earn Ryanair chief executive €100m over five years narrowly approved"},"display_date":"2019-09-19T13:06:23Z","headlines":{"basic":"Half of Ryanair shareholders vote against Michael O’Leary’s 10m stock 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other parts of the UK.","type":"text"},{"_id":"JPNXBEIGPBEMFESQ3JZRPQEYGU","content":"Jenny Ross, Which? money editor, said: “We know that people in more deprived communities tend to rely heavily on cash, so it’s deeply concerning that those who can least afford it are being hit with the extra burden of hefty fees to access their own money as free cashpoints close at an alarming rate.","type":"text"},{"_id":"2Y4G6QWULJDO5FKIWZGSGXPPG4","content":"“The government and regulators must urgently get a grip on these rapid changes to the cash landscape and guarantee people across the UK can continue to access this important payment method for as long as it is required.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"New report flags reducing access at faster rate than anywhere in the United 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Its general secretary Brian Strutton said the union retained the right to announce further strike dates. – Reuters","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Decision to give more time for talks"},"display_date":"2019-09-18T14:20:08Z","headlines":{"basic":"British Airways pilots cancel Septemeber 27th strike"},"promo_items":{"basic":{"_id":"JHJRZAP7OXO7FL3MF4DUS4LWCU","auth":{"1":"16ef2be39bf1e1db44678a444e99ff35296f790e315b4acaeec9889e0eda55b7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/JHJRZAP7OXO7FL3MF4DUS4LWCU.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/british-airways-pilots-cancel-septemeber-27th-strike-1.4022510","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"MSAQQUFQNN6H2WDOQJREGSRYPU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/motor-trade-calls-for-higher-taxes-on-used-imports-1.4020995","content_elements":[{"_id":"KTPPK3XLV5DOJIBV33IG43SJX4","content":"The motor trade is pleading with the Government to tighten regulations on used-car imports amid stark warnings of job losses and a dramatic decline in new car sales in the face of Brexit.","type":"text"},{"_id":"3A3PIGY6KFAUVDYBTFF7U65BZA","content":"At a press briefing on Tuesday morning attended by senior executives from most of the major car brands in the Republic, the Society of the Irish Motor Industry (Simi) warned that dealers are already suffering hugely from the impact of the Brexit vote, with new cars being substituted by used imports and the devaluing impact these imports are having on the the two million cars on Irish roads.","type":"text"},{"_id":"QZ7XGTSDIBDVTOSLIW53CU272M","additional_properties":{},"content":"Economist Jim Power predicted new car sales could fall as low as 80,000 on the back of a no-deal Brexit, or as low as 70,000 if there are any tax increases on new cars in October's budget. He said the new car market this year will total 115,512.","type":"text"},{"_id":"QAAZNU7IIJGG7NL35OZEP2PDDU","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/679621559&color=6195da\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"QWJ3VN6CAVHIHBITIZQNZJJM64","content":"Mr Power estimated that even in the case of a Brexit deal, new car sales will still fall to 105,000 and will be overtaken by used imports for the first time, which will rise to 115,000 next year. He said a hard Brexit will cost the exchequer €231 million in lost tax income on new car sales and put 10,000 jobs in the motor trade at risk.","type":"text"},{"_id":"4QWPW42NEVENROPV5A2VOY4JVU","content":"Amid Brexit uncertainty Simi is calling on the Government to postpone any rises in taxes on new cars, but to replace the current 1 per cent diesel surcharge on new and used imports with a fairer tax targeting harmful nitrogen oxide (NOx) air-polluting emissions, which have been associated with adverse health effects.","type":"text"},{"_id":"E5RTFUI4SNCZBCR5BFAWVCTUN4","additional_properties":{},"content":"Simi director general Brian Cooke said: \"By allowing older polluting imports into the Irish car fleet we are only adding to our environmental challenge. In this regard the diesel surcharge introduced in last year's budget, which had a much greater impact on new cars, should be replaced by a charge that is focused on older imports.","type":"text"},{"_id":"AQRYPLVKNFECXP2WL5MPB6RUS4","additional_properties":{},"content":"‘Dirtier imports’","type":"header"},{"_id":"QYU42MIYZJHNTHKOSNDO54JWYU","content":"“Included in the imported cars to come in since 2016 are 250,000 cars whose NOx emissions is up to three times worse than current new cars. Yet last year they brought in a diesel surcharge that put more tax on the cleaner lower emissions new diesel cars than it did on the older dirtier imports.","type":"text"},{"_id":"6UKAVLRQXRAMNISEZDK6CKRGJA","content":"“The UK is only delighted – not just from a business perspective but also from an environmental perspective – to get rid of cars they don’t want and that they intend to ban from cities. Nearly two-thirds of the used imports coming in are over four years old and they’re glad to get rid of them.”","type":"text"},{"_id":"LTPDRNJ7W5B3NH75QMFMQ4EGTM","additional_properties":{},"content":"Mr Cooke also called for mandatory car background checks on imports and pre-registration tests, similar to NCT inspections, on imports of four years or older. \"We have a crazy situation in Ireland where if a vehicle comes into the State and Revenue knows that it has been an insurance write-off, they cannot refuse to register that vehicle. There should be checks in place. There aren't, so we do need more scrutiny of used imports,\" he said.","type":"text"},{"_id":"AOB5UKAQOFESTBC6QB6T5LH46Y","content":"“It’s a very simple message. We’re not asking for any handouts. 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William Wright, who co-founded the company, was a key supporter of the Leave campaign in Northern Ireland. But the Brexit vote caused a degree of uncertainty in its marketplace, and the company found that some of its customers reconsidered investment plans because of the UK's changing relationship with Europe.","type":"text"},{"_id":"AOYZWEMIGNGO3M7TLBPB3H2WGI","content":"Many of the Wrights Group customers are private and State-owned transport operators, and some of these have parent companies with headquarters in Europe.","type":"text"},{"_id":"PSSMGQEHRNFMFH2GIHA433KLUU","content":"Union officials say staff are stunned by recent developments because, although they had been aware of a downturn in some key markets, nobody expected the group to have to seek a rescue package from outside investors to save the company.","type":"text"},{"_id":"B27LCECZ7BHCPHBV3UOEMLG7K4","additional_properties":{},"content":"Donnelly withdraws","type":"header"},{"_id":"3YOVVJH67ZBZJC7IWLTTIS2LZY","additional_properties":{},"content":"There had been some hope that Northern Irish businessman Darren Donnelly would step in and acquire the Ballymena company, but on Monday his spokeswoman said he was withdrawing from any possible acquisition talks.","type":"text"},{"_id":"SWARPKL5ENAK3ENQBL2ZA73AO4","content":"Mr Donnelly and his father, John, sold one of their businesses, Toomebridge-based SDC Trailers, to the Chinese group CIMC Vehicles for an estimated £100 million in 2016.","type":"text"},{"_id":"HDRQK3ETKNDI3HO2BRAK6IOZFQ","additional_properties":{},"content":"His spokeswoman said on Monday that although Mr Donnelly had previously been in discussions with the Wrights Group, he was \"no longer pursuing the potential purchase of the Wrightbus company\".","type":"text"},{"_id":"NCIA35RHFRC6JNGAIRRLU3UVHI","content":"There has been significant industry speculation that a number of Chinese companies have also examined the possibility of acquiring the group, including both Weichai and BYD.","type":"text"},{"_id":"KTHSOGCSEVAPZNAENM6UCKFRSQ","content":"The Ballymena company declined to disclose who it was in talks with.","type":"text"},{"_id":"UKPDXMPBGRFJ3KO4GO4JX3CLVI","additional_properties":{},"content":"According to George Bash, regional officer with the trade union Unite, the workers are also in the dark and feel \"helpless\".","type":"text"},{"_id":"6DHAZLWT3NEIPA5QKYXXSFMITQ","content":"“They are asking themselves: how did it get to this stage? This is an industry-leading company that has developed ground-breaking hydrogen double-decker buses,” he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"Ballymena’s Wrights Group, one of NI’s biggest exporters, has been hit by uncertainty"},"display_date":"2019-09-16T20:43:32Z","headlines":{"basic":"Northern Irish maker of ‘Boris bus’ in talks as Brexit risk hits"},"promo_items":{"basic":{"_id":"F6D65OKDXYHAQT2RU3F5OB4GP4","auth":{"1":"79cf02bf812e31fa77febd6871472a07187d32ec740e0d557f463a423de00b1b"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/F6D65OKDXYHAQT2RU3F5OB4GP4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/northern-irish-maker-of-boris-bus-in-talks-as-brexit-risk-hits-1.4020113","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"QS36RJGR3JF63QOWPZRFV2S3GE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/future-of-frankfurt-motor-show-thrown-into-doubt-1.4020065","content_elements":[{"_id":"EWFUY276MZGP5N6OXHG7GHVYI4","content":"The future of the world’s biggest motor show in Frankfurt has been thrown into doubt after a weekend of environmental protests disrupted the industry’s gala event.","type":"text"},{"_id":"TCDKALKFR5BSPMGJJKEEEXULOQ","additional_properties":{},"content":"Bernhard Mattes, the outgoing chief of the German car lobby the VDA, which organises the gathering, refused to commit to a return to the city, which has hosted the event since 1951.","type":"text"},{"_id":"UUDTDUTF6BGCBAAHYIFQV6YA7A","content":"Mr Mattes hinted that the current format, where brands promote their new car models, might soon become obsolete amid calls from local politicians for the show to be transformed into an event that focuses solely on eco-friendly transport.","type":"text"},{"_id":"CYCE74PP3NGYJEOLJHKKV6JBJI","content":"“We have made several changes already,” he said. “It’s not about how many cars, how many visitors, how many square metres. First we have to agree on a fresh concept, then decide [in which city] to display this best.”","type":"text"},{"_id":"2QTG3FOVMRECTPGSOCD6HRML5U","content":"Thousands of demonstrators on bicycles and on foot brought parts of Frankfurt to a standstill on Saturday, the day the show opened to the general public, as they called for a “climate-friendly transport revolution” and a ban on sport utility vehicles (SUVs).","type":"text"},{"_id":"WZGXKT5GLBD3PFGI5H2FOJ3HKA","additional_properties":{},"content":"Sudden departure","type":"header"},{"_id":"5HK5Z2ERTFFBXNIX5BIVJJCW24","additional_properties":{},"content":"Mr Mattes announced his resignation on Thursday, when the show was officially opened by German chancellor Angela Merkel. The opening was disrupted by Greenpeace activists, who stormed the main stage, unveiling anti-car banners.","type":"text"},{"_id":"GOLLETDDCBHLFOGAPNKNHKCY24","content":"The head of the VDA gave no reason for his sudden departure, but it comes as the bosses of Germany’s big car groups are said to be dissatisfied with the increase in political and social hostility towards the industry, particularly as they are stepping up efforts to sell more electric cars ahead of new rules on CO2 emissions next year.","type":"text"},{"_id":"PPS7XGPR4NAVNI63XCDW2VK5CQ","additional_properties":{},"content":"Porsche's chief executive, Oliver Blume, whose company unveiled its first battery-powered sports car, the Taycan, said last week that while the car industry was \"part of the problem, it is also part of the solution\".","type":"text"},{"_id":"OGWC6NGUFVG2ZE6FTFPDW4ICVM","content":"He added: “It’s just the beginning, but electrification provides many opportunities for the future.”","type":"text"},{"_id":"IHQQVC7EGVAM5LL2XGFHGH2PQE","additional_properties":{},"content":"Analysis published","type":"header"},{"_id":"FTCDI4NVTFF6HBX62GMKBHOI34","additional_properties":{},"content":"On Sunday, the German Economic Institute in Cologne published analysis showing that the country's car industry had filed almost half of all patents in the past year, up from about 30 per cent a decade earlier, while innovations from other sectors of German industry had dropped significantly.","type":"text"},{"_id":"6WMXBHAL3JDA3HVPMABXOETJHI","additional_properties":{},"content":"\"Without the motor vehicle industry, the patent performance of the German economy would have declined in recent years,\" said economist Oliver Koppel. The report also revealed a shift in applications from the car companies, from patents for combustion technologies to digitisation and electrification. – Copyright The Financial Times Limited 2019","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{}},"name":"Joe Miller"}]},"description":{"basic":"Motor industry’s gala event was disrupted at the weekend by environmental protests"},"display_date":"2019-09-16T19:37:49Z","headlines":{"basic":"Future of Frankfurt Motor Show thrown into doubt"},"promo_items":{"basic":{"_id":"SZBTILLDYDTCZCMUDOKYYU7V6U","auth":{"1":"c3184ea69eecc3e680c7ca1c1d1dd79011d795889901e95782ff9f4b65961258"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/SZBTILLDYDTCZCMUDOKYYU7V6U.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/future-of-frankfurt-motor-show-thrown-into-doubt-1.4020065","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"GUZXOHIA6COSNGUMD6QUCPT27Q","additional_properties":{},"canonical_url":"/business/transport-and-tourism/club-travel-revenue-growth-falls-below-expectations-1.4019980","content_elements":[{"_id":"7Y5ODFDMAFEARMDX5LTCNGEWD4","additional_properties":{},"content":"Revenue growth at the Club Travel group fell below expectation last year with the hot summer cited as the reason.","type":"text"},{"_id":"R2BNV5KX3ZCBZG7GP6DV2CPAKE","content":"Accounts show that higher costs at Club Travel Holdings resulted in pretax profit declining by 14 per cent to €4.08 million.","type":"text"},{"_id":"NCTXYSPE2JF2BJXGIWAZAKRF64","content":"Revenue increased by 5 per cent from €145.5 million to €152.34 million in the 12 months to the end of October last.","type":"text"},{"_id":"DRJ5OB4OEVCSVJON363QO6JFYU","content":"Club Travel director Colman Burke said on Monday that 2018 “was a solid performance, although growth was below expectations, which arose from the good weather in summer 2018, resulting in a large drop in late holiday bookings”.","type":"text"},{"_id":"GLMYRQTDBJEG7KPCD6IKEHFQOM","content":"“Otherwise, we are happy with 2018 turnover given we are in a highly competitive market segment.”","type":"text"},{"_id":"CZNXMTXGFNEKBGMYS4KPN47FTQ","content":"Club Travel is the Government’s travel agent.","type":"text"},{"_id":"B3535T2TTVESXFTFHRG7QIMLZU","content":"“Like all other businesses, costs and especially employment costs are rising, with pressure from customers on fees, ” Mr Burke said.","type":"text"},{"_id":"GYUEKSLH25GT5IQFWFSYH7N3OY","content":"The increased costs included a spend on General Data Protection Regulation compliance and Mr Burke said this came to about €100,000 last year and he said “however this was largely a once-off item”.","type":"text"},{"_id":"B4YOSTL4DVCPHDPAAD4T2KD5AM","content":"Numbers employed increased from 194 to 200 with staff costs increasing from €6.93 million to €7.44 million.","type":"text"},{"_id":"3YGKVYLMLRHGRL23WOPBY5ZIVM","content":"The group’s balance sheet remains very strong with cash of €56 million.","type":"text"},{"_id":"KAGPW6ULJVCS3GQWIM36FGIWZ4","content":"At the end of October last, the group had shareholder funds of €54 million that included accumulated profits of €40.6 million. The group paid dividends of €536,152.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Gordon Deegan"}},"name":"Gordon Deegan"}]},"description":{"basic":"Pretax profit declines by 14 per cent to €4.08 million"},"display_date":"2019-09-16T17:30:35Z","headlines":{"basic":"Club Travel revenue growth falls below expectations"},"promo_items":{"basic":{"_id":"NTV6W7TJ2NU3LCCY6UGHUHKGU4","auth":{"1":"0203e3678b8570ce63e707d2c16cb011c9e8ef87899df606f86e26e38266f1db"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/NTV6W7TJ2NU3LCCY6UGHUHKGU4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/club-travel-revenue-growth-falls-below-expectations-1.4019980","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"GA3HE6UCCFA443DAN4WBEKGHTY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/pretax-profits-at-uber-s-irish-arm-rise-41-1.4019950","content_elements":[{"_id":"5JPVUT6KONDPDC76LFZBMBZOZQ","additional_properties":{},"content":"Pretax profits at the Irish arm of ride-hailing firm Uber last year increased by 41 per cent to €860,487.","type":"text"},{"_id":"BH7ZYQ5AGFCIPFEY2IKKAWHDVA","content":"Accounts filed by its Irish operation, the Uber Centre of Excellence Ltd, in Limerick, showed that the company’s revenues last year increased by 47.5 per cent to €19.65 million, from €13.32 million.","type":"text"},{"_id":"MVBMHSQSWBBRDE5OUBVHWHJ3CY","content":"The centre is a major hub of Uber’s support organisation across Europe, the Middle East and Africa. The company’s revenues come from services provided to another Uber group company. Uber employs 419 staff at its Limerick operation, up from 288 in 2017. Staff costs increased from €9.1 million in 2017 to €14 million last year.","type":"text"},{"_id":"MFGY4YKT5RCA3GA2WY3CDPB2CM","content":"The profit figure takes account of non-cash depreciation costs of €1 million. 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But, having said that, we have to acknowledge that a 9 per cent VAT rate was introduced as a temporary measure and it was probably left in place longer than was originally anticipated,” he said.","type":"text"},{"_id":"PRX5FMSPTVDF5IHTHQYZEQTPZI","content":"Mr Kelly said more accommodation is needed in Dublin, in particular. He said Ireland got caught in a situation where it was losing business because there wasn’t enough hotel capacity in Dublin. “We had a long period of time where demand was growing very fast and there wasn’t any supply growth. Now that supply growth is kicking in, but we need to be careful we don’t fall into that trap again,” he said.","type":"text"},{"_id":"3GQNHCB3URARNOHZICHS3P25E4","additional_properties":{},"content":"Support programme","type":"header"},{"_id":"HI326TQ4OJFX3MS4HAVLDMGV4I","content":"Addressing the impact of Brexit, Mr Kelly said the authority had engaged more than 3,000 businesses this year on its Brexit support programme. However, he estimates a no-deal Brexit could wipe out about €380 million in tourism revenues in the first year after the UK’s exit and result in the loss of up to 10,000 tourism jobs.","type":"text"},{"_id":"XSH7YYSV7FAKXFWS3TVYG5VUQ4","additional_properties":{},"content":"Mr Kelly said the authority had looked at previous tourism \"shocks\" to gain an understanding of the extent to which the tourism industry might be impacted in the circumstances that the UK leaves the European Union without a deal.","type":"text"},{"_id":"TVLPGATSYVEWNJ3EUMVPC2RV5Q","content":"Having analysed the response to the 9/11 attacks in the US, the 2010 ash cloud grounding of planes after a volcanic eruption in Iceland, and the foot and mouth crisis, Mr Kelly said the authority’s best estimate was that about €380 million in revenue would be lost in an industry which produced about €7.8 billion in revenues last year.","type":"text"},{"_id":"IHIIV3PRFBG75JGKJL4TDZGQZI","additional_properties":{},"content":"His comments follow figures from the Central Statistics Office last week showing a drop in the number of British tourists to the Republic. Between April and June 985,000 trips were made to here from Britain, a fall of 3,000 on the same quarter in 2018.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Peter Hamilton"}},"name":"Peter Hamilton"}]},"description":{"basic":"Despite stalling growth, Fáilte Ireland chief believes more accommodation required in Dublin"},"display_date":"2019-09-16T01:23:29Z","headlines":{"basic":"Tourism sector could be in ‘decline’ due to VAT rise"},"promo_items":{"basic":{"_id":"WEWEDDEABDSWWGJVMQWZOOKD4A","auth":{"1":"3c0723cc342b9bb044216a946df7f234c0ea2addb405a467d8ccd44905804619"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/WEWEDDEABDSWWGJVMQWZOOKD4A.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/tourism-sector-could-be-in-decline-due-to-vat-rise-1.4018876","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"BZVVLMIBPWX7AITFLTLVJFD6TY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/british-airways-cancels-flights-ahead-of-planned-strike-by-pilots-1.4017320","content_elements":[{"_id":"MYJAF4EDABEYTDLNX5VSOYGJBE","additional_properties":{},"content":"British Airways has begun cancelling hundreds of flights over a week ahead of further planned industrial action by its pilots.","type":"text"},{"_id":"TMLTAGQTBJGANGZDIHYLYM4D2A","content":"Tens of thousands of passengers are expected to be affected by the disruption on September 27th. The 24-hour walkout follows a two-day strike on Monday and Tuesday when 1,700 flights due to carry 195,000 passengers were cancelled.","type":"text"},{"_id":"CMYDQTAHKJHWXBH3POCWGC2ZJ4","content":"The dispute over pay involves members of the British Airline Pilots’ Association (Balpa). British Airways has offered a pay rise of 11.5 per cent over three years, which it says would boost the pay of some captains to £200,000, but Balpa says its members want a bigger share of the company’s profits.","type":"text"},{"_id":"B65IRH47IVG7ZGIV4KXASXL3WA","content":"The airline began contacting affected passengers on Thursday afternoon, 15 days ahead of the strike. 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We have already secured some additional capacity to the Canary Islands and will continue to work with our airline partners to replace lost services.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"Tourism Ireland chief disappointed at decision to end flights to Faro and Malaga next summer"},"display_date":"2019-09-12T20:06:53Z","headlines":{"basic":"Ryanair and Aer Lingus cuts to Belfast services ‘very regrettable’"},"promo_items":{"basic":{"_id":"JFXOF7LZBCM546775AHFINALN4","auth":{"1":"2aa6976c919e707e0fce98b2d6c8ad2b2f00bfdb4f5f93f581dabba48ea50778"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/JFXOF7LZBCM546775AHFINALN4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-and-aer-lingus-cuts-to-belfast-services-very-regrettable-1.4016489","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"NYL4U4STIGWAODW6YJ6Y4GKHFQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/red-cow-hotel-to-spend-20m-on-128-bed-extension-1.4016361","content_elements":[{"_id":"WHTLTXCTCZCY7A3BSJ3YRMT33I","additional_properties":{},"content":"The Red Cow Moran Hotel plans to spend €20 million on 128-bed, five-storey extension after gaining permission from An Bord Pleanála. When complete, the family-run hotel will have 443 rooms. Construction is expected to begin early next year.","type":"text"},{"_id":"D6AJK4VJ45BMNAV5NDGYRA6AUQ","additional_properties":{},"content":"Communications director for the business, Tracey Moran said: \"We are delighted with the decision and excited by the prospect of starting the next phase in the transformation of the Red Cow Moran Hotel.\"","type":"text"},{"_id":"5FWF6WCRQFHUFLKT5VVAMEVREM","content":"Ms Moran, one of five Moran family members involved in the business, said the hotel is trading well this year.","type":"text"},{"_id":"ARCDAHTJPBBALAAIOJ7HHX2NYQ","content":"“We are meeting our targets.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Gordon Deegan"}},"name":"Gordon Deegan"}]},"description":{"basic":"Construction expected to start early next year"},"display_date":"2019-09-12T17:04:38Z","headlines":{"basic":"Red Cow Hotel to spend €20m on 128-bed extension"},"promo_items":{"basic":{"_id":"YURODFNUQMXFYHWSWPFWK7FGLI","auth":{"1":"684ba6d0eed91a4c4ba0be4a1c226439e4bd5378de370f581a40b24e2d6c9a64"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/YURODFNUQMXFYHWSWPFWK7FGLI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/red-cow-hotel-to-spend-20m-on-128-bed-extension-1.4016361","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"OD3LMKMIT5GMP3Z4NI4KS3YBV4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/volkswagen-denies-it-fitted-defeat-devices-into-second-engine-model-1.4015904","content_elements":[{"_id":"DY4K5XGBXZFUHCSRFO4MSB7YR4","additional_properties":{},"content":"German chancellor Angela Merkel has said the German car industry faces a \"Herculean task\" in its transition to e-mobility, hours after fresh claims that Volkswagen built defeat devices into a second diesel engine model. After touring the stands at Frankfurt's international motor show, including close inspection of the new electric models from Porsche, its parent company VW denied that cars with an engine from 2012 onwards had software that detected if exhaust tests were being carried out.","type":"text"},{"_id":"7JTKJXWB6VFZJGYAY3TV2ONOBA","content":"“We are no long facing radical change, it is already reality,” she said, praising German manufacturers for pulling together to produce affordable, market-ready models. “But it shows that trust in electromobility has to grow with customers.”","type":"text"},{"_id":"ENFQOIXSDRDM5NA6X3FRMJGSYU","additional_properties":{},"content":"Four years after trust was rattled in German diesel engines, documents leaked to German public television suggested defeat software was part of the EA288 motor. This is a Euro-6 norm engine and is built into hundreds of thousands of Volkswagen Golf, Tiguan and Passat as well as models of the Audi, Skoda and Seat brands.","type":"text"},{"_id":"7TJVINH2HZDUPOHR5F2YHFH57Q","content":"The broadcaster SWR said the documents showed that engine software adjusted the amount of Adblue ammonia solution released – to neutralise exhaust gases – if the car’s wheels, but not the steering wheel, were moving.","type":"text"},{"_id":"DZJY2HCW2JFIHJSGP7BVLOXA5I","content":"Volkswagen insisted the motor in question contained “nothing illegal” while the federal transport ministry said it had no evidence of a defeat device.","type":"text"},{"_id":"DHQSZWZESNCY7CA36RFOVG6AK4","additional_properties":{},"content":"But car experts saw a similarity in the process to those discovered by US investigators, triggering the 2015 VW diesel scandal that has cost the Wolfsburg group more than €30 billion to date.","type":"text"},{"_id":"P3744KBDGFHPNBCPR4ZMIV5WBI","content":"More than 11 million cars with the EA189 motor only met emissions standards on the test ramp and emitted 40 times more nitrogen dioxide than legally permitted during real-world driving.","type":"text"},{"_id":"3KQC34M4DRHTTGLLEUQWPZAIDI","additional_properties":{},"content":"Parliamentary inquiry","type":"header"},{"_id":"OAZ6IEEGX5F7HNMWJYFTK37OFQ","additional_properties":{},"content":"Axel Friedrich, an exhaust expert involved in uncovering the first diesel scandal and a witness to a German parliamentary inquiry, said the documents suggested vehicles with the EA288 motor also \"recognise whether it is on the test ramp and then sufficient AdBlue is injected but in normal use on the street much less is used\".","type":"text"},{"_id":"P6HUICL6QNB5FALSL4SHD76V4I","content":"Environmental groups are picketing the Frankfurt show, with a major demonstration planned for Saturday, demanding cleaner vehicles.","type":"text"},{"_id":"6LJO6MIUUBDUHFBBC2PQJ73HR4","content":"Leading Volkswagen figures have accused German environmental protesters of spreading panic about the industry and its products.","type":"text"},{"_id":"5QX5BYMK2JDCXK4HGWKTZQ54OA","additional_properties":{},"content":"\"In the public discussion at the moment one gets the impression that that car is nothing more than a singular risk,\" said Bernd Osterloh, VW works council chief, to the Handelsblatt business daily. \"On the danger scale it lies somewhere between Ebola and North Korean missiles.\"","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Derek Scally"}},"name":"Derek Scally"}]},"description":{"basic":"Leaked documents suggest software fitted to detect if exhaust test being carried out"},"display_date":"2019-09-12T15:56:58Z","headlines":{"basic":"Volkswagen denies it fitted defeat devices into second engine model"},"promo_items":{"basic":{"_id":"G3T4OFFHPTEVFI473YGORGLMQA","auth":{"1":"6229ef3b199d0b2d27ce35d7ffadfd189e1174d4e71b0f3961736fa0c80361d7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/G3T4OFFHPTEVFI473YGORGLMQA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/volkswagen-denies-it-fitted-defeat-devices-into-second-engine-model-1.4015904","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"PBQQ52G5PIDGW3AM7IGOM3DCDY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/who-can-fix-nissan-1.4014807","content_elements":[{"_id":"ITRSSW7S3FHTZLZWTT3E6NR64A","additional_properties":{},"content":"For almost a year, Hiroto Saikawa defied gravity. Against expectations, Nissan's chief executive survived the ousting of Carlos Ghosn, a damning corporate governance probe, accusations that he signed off falsified documents, a collapse in investor support and a 95 per cent plunge in quarterly profit at the Japanese carmaker.","type":"text"},{"_id":"NJ2C5FNGNNHNXDEB33YMDUKMEA","content":"But Mr Saikawa’s admission last week that he was improperly overpaid finally tipped the scales.","type":"text"},{"_id":"LEJWLPFUARAUZFHBN67TMHZHSA","content":"The board unanimously agreed on Monday to remove him in a week’s time, ending a 2½-year tenure overshadowed by quality scandals and persistent doubt about his management capability following the arrest of Mr Ghosn.","type":"text"},{"_id":"KSNHEY234FDUJDEJ6VSQDW2JSY","additional_properties":{},"content":"Mr Saikawa's forced departure and the search for a new chief are pivotal events for the company and for its alliance with France's Renault. His exit leaves Nissan looking for a leader who can pull off the triple feat of resuscitating a Japanese icon, navigating a potential four-way global merger and making a clear break with the Ghosn era.","type":"text"},{"_id":"YAL2OGVSZZDYLJ3KHSYPUWWNI4","content":"The new chief, who the Japanese carmaker aims to identify by the end of next month, is set to face challenges that are potentially more complex than when Mr Ghosn rescued the group from near bankruptcy in 1999.","type":"text"},{"_id":"7JPMMARH7ZAZNE5T3CULILULSY","content":"Back then, Nissan’s financial troubles were even deeper, requiring a capital injection from Renault. But Mr Ghosn’s solution – deep cuts in the workforce, car plants and suppliers – was straightforward at a time when the automotive industry was focusing on combustion engine vehicles.","type":"text"},{"_id":"X5EPUE7PQ5CMDEE255AQBIGB5Y","content":"Two decades on, in an industry facing fundamental disruption from the shift towards electric and self-driving vehicles, Nissan’s nomination committee is scrambling to find a new saviour from at least six candidates, according to people familiar with the search.","type":"text"},{"_id":"XRJ6HKSSB5DFNHNCHVKYDRG73M","additional_properties":{},"content":"Names in the frame include Nissan's former sales and marketing boss Daniele Schillaci; former Renault executive Carlos Tavares, who heads Peugeot owner PSA; and Toyota executive Didier Leroy.","type":"text"},{"_id":"ETQVFUCGHRHH7PLT64FQDCLWFQ","content":"Whoever gets the job will inherit a daunting in-tray.","type":"text"},{"_id":"4FBCAR2QQZDITOFJI4TZMTAPFI","additional_properties":{},"content":"Struggling","type":"header"},{"_id":"7MB2XKHKLJFXPBZBKFZYBTU54Q","content":"The Japanese carmaker is struggling in almost all its key markets, and in July said it would cut 12,500 jobs globally in a broad overhaul. As its performance stalled, management was preoccupied with a 10-month internal investigation into Mr Ghosn and with the breakdown in ties with Renault.","type":"text"},{"_id":"2WETPL7TBNGDVMHY2XXDD2BHEE","additional_properties":{},"content":"\"From rebuilding its businesses in the US and Japan, product development, and management structure to recovering profitability and brand value, there are loads of issues the new chief executive will need to address,\" said Koji Endo, head of equity research at SBI Securities.","type":"text"},{"_id":"ZBOZAS3UNNBJNDUSVYQJWIC2ZM","content":"The rewards could be significant if the Japanese group can find a permanent fix to its in-limbo relationship with Renault, which historically was held together by Mr Ghosn’s diplomatic skill and force of will. Mr Saikawa’s exit, people close to the companies say, could also revive negotiations over the future of an alliance that has the potential to evolve into the world’s largest car group.","type":"text"},{"_id":"5MIIPOO7VVGM3LFCH4DJADH2ZQ","content":"But in the short term, the new boss will have the awkward task of appearing in the Tokyo district court to plead guilty, on behalf of the company, to charges that Nissan falsified Mr Ghosn’s pay in its financial statements.","type":"text"},{"_id":"ZVDLW4VAIRARJKS3MUJ2T6UJWM","content":"Mr Saikawa has not been accused of any wrongdoing, but internal calls for his resignation grew after he admitted to improperly receiving extra pay of about $440,000 (€400,000) in 2013 as part of an incentive scheme that paid out cash depending on Nissan’s share price performance.","type":"text"},{"_id":"7Y4TJ5P6KJECDCSRFISO4VYG5Q","content":"Morale within the business and regard for Mr Saikawa among staff had sunk to dismal lows. One employee responded to Monday’s news of the chief executive’s impending departure by sending pictures of champagne to friends.","type":"text"},{"_id":"S5MWSCIG6VBTNNKFT2U7MBEY7Y","content":"With the criminal trial set to begin sometime next year, Mr Ghosn’s defence team has said he will vigorously defend against allegations of financial misconduct, all of which he denies. The legal battle also could shine an uncomfortable light on Nissan’s co-operation with Tokyo prosecutors in the recently concluded investigation of its former chairman.","type":"text"},{"_id":"T5BR7VXMTFGXPCIVTYX6WDOCGY","additional_properties":{},"content":"\"The trial will obviously be a huge time diversion for anybody who wants to focus on improving the core business,\" said Macquarie analyst Janet Lewis.","type":"text"},{"_id":"GOEB22IPZJF3FIFPNU4KPQDDQI","additional_properties":{},"content":"While Nissan has been distracted, there have been a flurry of deals as the automotive industry shifts towards electric vehicles. Toyota invested in Uber's self-driving unit and smaller rival Suzuki, while Ford and Volkswagen have strengthened their ties to collaborate on electric vehicles and self-driving technology.","type":"text"},{"_id":"ZL2MXYYQKZD7VAABDMMGRN4SYU","additional_properties":{},"content":"\"With so many doubts about Mr Saikawa's future, Nissan has not been in a situation where it can focus on its turnaround plan,\" said Takaki Nakanishi, an automotive analyst who runs his own research group. \"In this age of rapid changes, a delay of three months can be fatal and Nissan has already lost valuable time.\"","type":"text"},{"_id":"LZTILWJZSFBN3L4NSOD5JBZWW4","additional_properties":{},"content":"Nissan's alliance with Renault was badly fractured by Mr Ghosn's abrupt arrest and subsequent abortive merger talks between its French partner and Italy's Fiat Chrysler Automobiles.","type":"text"},{"_id":"O3XMQJONOJFMNFC74RSHD3VN7Y","content":"With the FCA keen to revive talks with Renault, people close to Nissan say the new chief must possess an international background and tough negotiation skills to demand a fix to its capital structure with Renault before any such talks resume. Renault owns a 43 per cent stake in Nissan, contrasting with the Japanese group’s 15 per cent non-voting stake in the French carmaker.","type":"text"},{"_id":"UTJXNKF5SRFJZNVKUHM2BE42TY","content":"A change at the top at Nissan could be a breath of fresh air for the strained alliance, according to people close to Renault. They say Renault chairman Jean-Dominique Senard, who sits on the Nissan board, has long thought Mr Saikawa was “overwhelmed” by the many challenges in front of him.","type":"text"},{"_id":"I7ANL7GMRREEDD3ETLBGSPUFUE","content":"“The logical order is a new CEO, an implementation of the turnaround plan, and then engagement with Renault about the FCA deal,” one of the people said - though that sequence could take more than a year: “There’s only so many problems you could solve at the same time.”","type":"text"},{"_id":"3CZZU5EQLBAN7F5Y7SWYPKV22Q","additional_properties":{},"content":"While Nissan searches for Mr Saikawa's successor, chief operating officer Yasuhiro Yamauchi will serve as caretaker chief executive. He is widely considered a safe pair of hands due to his experience as alliance executive and a sitting member of Renault's board.","type":"text"},{"_id":"CRU75LVEYNGR5C6N45EBCBXF3A","content":"Investors in both Nissan and Renault are optimistic he will be more open to engaging with the French carmaker and the FCA, and sent shares in the Japanese group up as much as 4.8 per cent on Tuesday.","type":"text"},{"_id":"RULH2CLS6BATPHNKELG6ICNOHE","content":"“Anything that increases the credibility of the management team helps Nissan and helps the alliance,” Thierry Bolloré, Renault’s chief executive, told reporters at the Frankfurt Motor Show.","type":"text"},{"_id":"VJFSANGFLZAVVHM4XZVOBL575Y","additional_properties":{},"content":"The shortlist also includes Jun Seki, who has been charged with implementing Nissan's turnaround plan following a successful run as head of its China business, and his successor as China boss, Makoto Uchida, according to people with knowledge of the list.","type":"text"},{"_id":"ELQ2QXBM4BCM5GSMNIKY752KXI","content":"But the names on that list could fluctuate over the next few weeks and even if Nissan identifies the perfect candidate, that person may not want the job.","type":"text"},{"_id":"B5BLKG6NUNA73MMWDWNHTCLNNQ","content":"“The company is deeply divided at the moment,” Mr Nakanishi said. “A CEO from the outside might be good, but who would be willing to set foot in this minefield?”","type":"text"},{"_id":"2YGCJHW3OVAJTODGR63P5CHWZ4","additional_properties":{},"content":"Nissan chief executive candidates","type":"header"},{"_id":"LJXNK3Z7YBHYFCPL4CEZCRJWEI","content":"Carlos Tavares, the 61-year-old chief executive of PSA successfully saved the French carmaker from collapse, thanks to a ferocious attitude to cost-cutting adopted during his time working under Mr Ghosn at Renault. His presence, however, would not be welcomed by Fiat Chrysler, which hopes to eventually restart merger talks with Renault.","type":"text"},{"_id":"5YDH4E3OKNETLMWLN2MUC5UNIQ","content":"Didier Leroy, the high-ranking Toyota executive knows both Japan and his native France well, giving him the diplomatic skills to navigate the vagaries of the alliance. But Toyota is a fierce rival to Nissan, and with the potential for retirement looming, Mr Leroy (61) may not want to switch jobs.","type":"text"},{"_id":"GAMMEA4G6VDAVMAHWX643OVAOY","additional_properties":{},"content":"Daniele Schillaci, the former Nissan sales and marketing boss left this year to run Italian supplier Brembo, but Mr Schillaci (54) has extensive experience at both the Japanese group and Renault. He is said to be Mr Saikawa's preferred candidate, though that may no longer be an advantage.","type":"text"},{"_id":"3L2SSRPBHBENZNVH6YSA7IHA2I","content":"Yasuhiro Yamauchi (63), with a purchasing career at Nissan spanning nearly four decades, the chief operating officer is considered a solid caretaker chief executive. With his experience as an alliance executive and member of Renault’s board, he is considered more open to restoring Nissan’s ties with the French carmaker and holding talks with FCA than was Mr Saikawa.","type":"text"},{"_id":"GEZM2WBQ6ZATFOGU2UKQYNDEBY","content":"Jun Seki (58), the former head of Nissan’s China business, was assigned the pivotal role of overseeing the company’s recovery plan in May, prompting speculation that he was being groomed to replace Mr Saikawa.","type":"text"},{"_id":"Z67GRSQUMVHOZIZJUTBHTHKZZY","content":"Makoto Uchida (53), Mr Seki’s successor as China boss spent more than a decade at a Japanese trading house before joining Nissan in 2003. Internally he was considered a candidate for the top role after he took over the China business in May, a critical market for the carmaker as it struggles in the US.","type":"text"},{"_id":"MH7O3FWIQZBRXO6ZRKTND7W32E","content":"– Copyright The Financial Times Limited 2019","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"name":"Kana Inagaki"},{"name":"Peter Campbell"},{"name":"Leo Lewis"},{"name":"David Keohane"}]},"description":{"basic":"As Hiroto Saikawa exits top job Japanese carmaker struggles in key markets"},"display_date":"2019-09-12T15:00:48Z","headlines":{"basic":"Who can fix Nissan?"},"promo_items":{"basic":{"_id":"47YTCQHJQFMWDZR4EUVEMVZBLQ","auth":{"1":"3597c7fddeb9966f167459e59de917aac2817e638e0dae4fae4d7aaa6e7be247"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/47YTCQHJQFMWDZR4EUVEMVZBLQ.jpg"}},"subtype":"feature","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/who-can-fix-nissan-1.4014807","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"RCKY2VBTKCTGNA6AZH2X7W5FG4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/belfast-harbour-to-invest-254m-in-bid-to-create-iconic-waterfront-1.4016241","content_elements":[{"_id":"F3N5FDGYVRCN5KVNR6FCCNWUEE","content":"Belfast Harbour plans to invest £254 million (€284 million) over the next five years in a series of new marine and infrastructure projects that it says could create up to 7,000 jobs in the North.","type":"text"},{"_id":"VJPFA524UBHKRERZ4LL55EJQZI","content":"Harbour authorities want to “create an iconic waterfront for Belfast”, with plans including investment in physical infrastructure to modernise quays and deepen the area’s main shipping channel to enable larger ships to dock in Belfast.","type":"text"},{"_id":"HPPWBIC4AVDFFESPQINMAVCWYE","content":"They also want to build new cross-harbour bridges and introduce a water taxi service for the city, as well as providing venues for festivals and other large-scale events.","type":"text"},{"_id":"5W553UAUE5D5ZJUPFKUAGW3QIE","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/679621559&color=6295d9\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"2JOT2UY7ZRCSLEPL3KBN73S4UI","content":"It is estimated their plans could support up to 3,500 construction jobs during development phases.","type":"text"},{"_id":"SQJLRI4EBNFBFDLN4FH565MB5A","content":"Details of Belfast Harbour’s ambitions are outlined in its 2019-2023 strategic plan which was published on Thursday at its annual stakeholder meeting in Belfast.","type":"text"},{"_id":"G5PL6VHEHZFVJJPHDOKQ52C6TY","content":"The authorities want to make Belfast a “smart port” by investing in new technologies such as installing automated cranes. They also hope to “go green” by improving the harbour’s environmental sustainability and reducing ships’ emissions within the port.","type":"text"},{"_id":"6QP7HAP5DVCMFE4CR54DJQBGKQ","content":"The harbour covers the port, as well as a 2,000-acre estate which is home to Titanic Quarter and a wide range of organisations including George Best City Airport to Bombardier, Titanic Belfast and Belfast Metropolitan College.","type":"text"},{"_id":"ORO3CJUPLBGXRPHIT4G3BBBGPM","additional_properties":{},"content":"Work or study","type":"header"},{"_id":"32KLPXWGEVHKPMH2GXL3ZA4MDM","content":"It is estimated that more than 27,000 people work or study in the harbour estate every day and up to five million tourists visit the area each year.","type":"text"},{"_id":"7BPZXKMCD5GGHLW3BVVB3ER7XI","content":"Harbour authorities want to attract more investment to the estate and have ambitions to turn it into a leading European creative and media hub by expanding studio and film facilities within the estate.","type":"text"},{"_id":"24I7NQ7N3RG2BPQVTNUKK6GARY","content":"They also want to develop a new science and technology hub at the headquarters of Catalyst Inc in Titanic Quarter, which is a non-profit organisation that supports entrepreneurs and innovators.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"Marine and infrastructure development could create up to 7,000 jobs, say authorities"},"display_date":"2019-09-12T14:50:17Z","headlines":{"basic":"Belfast Harbour to invest £254m in bid to create ‘iconic waterfront’"},"promo_items":{"basic":{"_id":"5UJMF66KGPFT3OYOZG3M6EYGNY","auth":{"1":"21e78174b31105aa5487e643954759894f507d958fc22ce57ce427419a01a990"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/5UJMF66KGPFT3OYOZG3M6EYGNY.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/belfast-harbour-to-invest-254m-in-bid-to-create-iconic-waterfront-1.4016241","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"RO2ZIR7YUA7Z5V5PFKQWKKZO4M","additional_properties":{},"canonical_url":"/business/transport-and-tourism/cathay-pacific-s-hong-kong-to-dublin-flights-shelved-until-end-march-1.4016214","content_elements":[{"_id":"A5IGQREQ4ZAVPFCEU3E634FHYQ","additional_properties":{},"content":"Cathay Pacific's direct flights from Hong Kong to Dublin have been caught in the crossfire of anti-government protests as the carrier announced on Thursday it would be suspending the direct service until the end of March next year.","type":"text"},{"_id":"LJ3UYXTYCFGOVOJDI2AJK2WDSU","additional_properties":{},"content":"In the face of widespread protests and a 40 per cent year-on-year drop in the number of people coming to Hong Kong in August, Cathay Pacific Airlines said it would suspend its four-times-weekly Dublin to Hong Kong service between November 7th this year and March 29th next year.","type":"text"},{"_id":"7ATTYRUORVDVFA7HBOCD3QYRLI","content":"“This is a difficult decision to make but also a necessary one in view of the commercial challenges we currently face,” an airline spokeswoman said.","type":"text"},{"_id":"XPYCQEB6TREMTGUZX7HZ6BVWL4","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/679621559&color=6295d9\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"ULO4VZEFXZB7FJN37BZ4MAE3T4","content":"The airline said it was “confident in the long-term prospect and strength of the traffic between Ireland, Hong Kong and Asia”, and that its “dedicated Ireland team based in Dublin will continue to grow our brand presence”.","type":"text"},{"_id":"EM2VWYYLYRD2TL3LZJYLN5DVQU","content":"The spokeswoman said the airline’s teams in Asia and Australia had begun promoting the summer 2020 season, for when the non-stop Dublin flight would recommence.","type":"text"},{"_id":"MBFPH5XGNFA75KJGKEX4QMJYOQ","content":"The Asian financial hub has been rocked by 14 straight weeks of protests that were sparked by objections to a now withdrawn extradition Bill but quickly snowballed into a wider pro-democracy movement. The clashes between police and protesters have become increasingly violent, and the airport’s services have been affected by strikes and demonstrations on some occasions.","type":"text"},{"_id":"V6L6MXNQFFGMDFHL2OXYTGUZMQ","content":"In response to the sharp decline in passenger numbers, the beleaguered Hong Kong flag carrier axed a number of routes on Thursday, cut the frequency of several flights and ordered a hiring and spending freeze.","type":"text"},{"_id":"IQIHFXVZ6ZEJ5JM5U3SYMIQHAA","additional_properties":{},"content":"The suspension of the direct flight from Hong Kong will come as a blow to Ireland's tourism sector as an increasing emphasis is placed on the greater China market. More than 100,000 Chinese visitors visited the island of Ireland last year and Tourism Ireland recently ramped up their marketing team in China with a view to increasing the numbers of Chinese visitors to 200,000 by 2025.","type":"text"},{"_id":"OLQYW7CRBJGOFBBTJQXDI32R3A","additional_properties":{},"content":"‘Very regrettable’","type":"header"},{"_id":"SRK7VS267FFV7LMCNJPS454D2U","additional_properties":{},"content":"Tourism Ireland's chief executive Niall Gibbons said Cathay Pacific's decision to suspend its Dublin service, which began in June 2018, was \"very regrettable\".","type":"text"},{"_id":"BQ4XQCK2XJF5BCRVKCSSMYCT6I","additional_properties":{},"content":"The Cathay Pacific decision comes only weeks after Chinese carrier Hainan Airlines shut its Dublin to Shenzhen service and suspended its Dublin to Beijing flight until next year, meaning there will be no direct flights between greater China and Ireland over the winter season.","type":"text"},{"_id":"NBHZMTPTZNHXBMG4DD7TLHEQUQ","content":"Mr Gibbons said that direct, convenient and competitive access services are critical to achieving tourism growth in an island nation.","type":"text"},{"_id":"B6EQNLSJFZFSZNE3TS6SSISFXA","content":"“Tourism Ireland will continue to work with all airports, and other interests, to attract new carriers and services to Ireland and will help drive demand for these services through targeted, co-operative marketing campaigns overseas,” he said.","type":"text"},{"_id":"JTEC63W2LZCQTGE5MN6D4SDEVM","content":"Despite the setback, he said Tourism Ireland would continue to promote the island of Ireland “vigorously” in China and would highlight ease of access via major gateways in the Middle East and Europe.","type":"text"},{"_id":"646GNY522ZGFLN4FAV4PL7DD2U","content":"“We will increase our marketing team on the ground in China to 12. We will ramp up our publicity, digital and social media activity and will target high-end independent travellers,” he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Peter Goff"}},"name":"Peter Goff"}]},"description":{"basic":"Airline suffering from the protracted demonstrations in Asian financial centre"},"display_date":"2019-09-12T14:35:27Z","headlines":{"basic":"Cathay Pacific’s Hong Kong to Dublin flights shelved until end March"},"promo_items":{"basic":{"_id":"JAVEKAPAQZMTRZDL55IXL4AL2E","auth":{"1":"6ca9eed4a3880fe7da9272906c7eb018450cd04ba10112f67bb82ed93a511409"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/JAVEKAPAQZMTRZDL55IXL4AL2E.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/cathay-pacific-s-hong-kong-to-dublin-flights-shelved-until-end-march-1.4016214","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"F76FNAYBUP2OGCDGKG6YE5QO2M","additional_properties":{},"canonical_url":"/business/transport-and-tourism/fewer-tourists-travelling-to-republic-from-britain-as-brexit-impact-bites-1.4014685","content_elements":[{"_id":"55OXJGJACNFSLNK6KH7ZHWOU3I","content":"Fewer tourists from Britain travelled to the Republic in the second quarter as sterling weakness dented their spending power.","type":"text"},{"_id":"3RFGDSFHUJCZNN57ZWQBV3CBO4","additional_properties":{},"content":"Figures released on Wednesday by the Central Statistics Office (CSO) show that 985,000 trips were made to the Republic from Britain between April and June, a fall of 3,000 on the same quarter in 2018. This came as the overall number of trips to the Republic by overseas tourists was up 2.4 per cent.","type":"text"},{"_id":"E6FD6ZCZT5GCJIUJ5WHBAMFMQQ","additional_properties":{},"content":"Despite that rise, the number of trips taken by French and Italian travellers was also down in the period. This was balanced by an increase in numbers coming from the US and Canada and \"other Europe\".","type":"text"},{"_id":"SDTGABDTWZC2JJWQM3AU3UA6WA","additional_properties":{},"content":"\"The figures underline a continuing weak trend and reflect feedback from industry partners on the ground who have been experiencing weaker demand and have expressed concern for the remainder of 2019 and beyond,\" said Tourism Ireland chief executive Niall Gibbons.","type":"text"},{"_id":"VJNNJ2CBD5G25ME5DNWYPUTPUY","content":"“The uncertainty around Brexit is an ongoing challenge, giving rise to consumer concern in Britain and some mainland European markets. The fall in the value of sterling has made holidays here more expensive for British visitors – and has made Britain more affordable for visitors from many of our top source markets,” he said, noting also that air access capacity is expected to weaken into the winter months.","type":"text"},{"_id":"KVSOJPPWL5ARZLRTHKNNGGNJKQ","content":"In the three months to the end of June, there were 2.95 million trips to the State by non-residents. And while that 2.4 per cent rise is relatively minor in the context of growth over the past number of years, those travellers spent more time here. The number of nights spent by overseas travellers increased by 5.8 per cent to 19.8 million.","type":"text"},{"_id":"GR2CUX6Z3ZAHNIJLV4PMDUFJ5Y","content":"But traders in the tourism industry will likely be concerned by the fact that total revenue rose just 2.1 per cent to €2 billion as they wait to see the outcome of the UK’s departure from the EU. Last week, a confidential report circulated to Irish Ministers warned that 10,000 hospitality jobs could be lost within the first three months of a no-deal Brexit.","type":"text"},{"_id":"2TOU6S23PVGMBO6N4QNDS37BBI","additional_properties":{},"content":"One night","type":"header"},{"_id":"EMGEDS2VMFBKVBIHSNXFC7QUCM","content":"Some 32 per cent of tourists who stayed at least one night in the second quarter came from Britain, compared to 22 per cent from the US and Canada.","type":"text"},{"_id":"JXQNTFT5PNDX3GVCVTA3QKY3FM","content":"Irish residents, meanwhile, appeared to have greater confidence than their European peers, with the number of trips abroad rising by almost 7 per cent to 2.4 million. Expenditure by Irish residents overseas increased by 17.5 per cent to €1.68 billion in the second quarter.","type":"text"},{"_id":"KOAKPTAJBNESLFGTRWJU2QNG64","content":"And while the average duration of trips to the Republic was 6.5 nights in the second quarter, Irish tourists spent an average of 6.8 nights abroad.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Peter Hamilton"}},"name":"Peter Hamilton"}]},"description":{"basic":"Inbound traveller numbers rise just 2.4% in second quarter"},"display_date":"2019-09-11T10:47:00Z","headlines":{"basic":"Fewer tourists travelling to Republic from Britain as Brexit impact bites"},"promo_items":{"basic":{"_id":"O3A2KU3CLFDA46W3K5P7MIOMTM","auth":{"1":"a9df32b0e54911e07abeb276c04aa7ba67217ea5a5b3021f0475d1ba4dc844b4"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/O3A2KU3CLFDA46W3K5P7MIOMTM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/fewer-tourists-travelling-to-republic-from-britain-as-brexit-impact-bites-1.4014685","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"ZOQD7HA6JBD6CBQ2DBGEDUTVNQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/irish-tourism-industry-on-major-drive-to-attract-chinese-visitors-1.4014574","content_elements":[{"_id":"B54U5EQGZFFDTMFZMAALH67RPA","content":"With a potential market of millions, Ireland’s tourism industry is on a major drive to target Chinese visitors.","type":"text"},{"_id":"DFH46EQVYFDFBGD2U5PME2B2BU","additional_properties":{},"content":"More than 600 Irish hospitality businesses will have completed a China Ready Training Programme by the end of the year in preparation for increased numbers of Chinese visitors.","type":"text"},{"_id":"V53N7KRYSNFA3AVNYFJCH7QEMY","additional_properties":{},"content":"Fáilte Ireland chief executive Paul Kelly said this is part of a major campaign to get the industry ready to welcome Chinese tourists.","type":"text"},{"_id":"46AUCN36UBBFBMEAZHQ7AA6ENA","additional_properties":{},"content":"\"The Fáilte Ireland China Ready training programme trains businesses both in how to welcome Chinese visitors and meet the cultural needs of Chinese visitors, but also how to do business in the Chinese market and how to connect in with the sales channels and routes to market,\" he told RTÉ radio's Morning Ireland.","type":"text"},{"_id":"AE5OJIL6D5HIVNFSH3T7F5ZCAQ","content":"Mr Kelly said that there has been a significant growth in business from China since a Tourism Ireland-organised sales mission to China. During the mission, 26 Irish businesses visited a number of cities in China and met local travel buyers.","type":"text"},{"_id":"W7XMRECLD5GFZKW7OWIEOMPNXM","content":"When asked what Chinese tourists like about Ireland, he said they are interested in a number of things.","type":"text"},{"_id":"UYRJE3WE2RHFTHN4M2CLZFPS3E","content":"“They’re really interested in our culture and heritage and they’re also really interested in our outdoor spaces and getting close to nature,” he said. “So things like farm visits, and things that would seem quite simple to us, getting out on farms, interacting with farmers and seeing things like sheep dog trials and stuff like that is really interesting to Chinese visitors and something that they’re very keen on.","type":"text"},{"_id":"GCGXZZEEIFCVHDZPIQSCCXKIU4","content":"“They’re not too dissimilar from other visitors, they really enjoy our landscape as well as our culture and history. An awful lot of Chinese visitors are residents in large cities so, in terms of that offering that we have, our rural landscape is a really motivating one for them.”","type":"text"},{"_id":"UIXSSVLOAZESVB6VUMX5DTV57I","additional_properties":{},"content":"Small things","type":"header"},{"_id":"E462YCYHLNFTFMIKSTEKBMORXQ","content":"The China Ready training programme offers advice on a variety of changes that can be made by hospitality providers to make Chinese visitors welcome, he said.","type":"text"},{"_id":"UXI3GMPEBFEF3FLL2573VEMPVU","content":"“There’s lots of small things that can be done, that will work for Chinese visitors, things like using the colour red, avoiding the colour white, watching out for the number four, there’s lots of small things that can make a big difference to make Chinese visitors feel welcome.","type":"text"},{"_id":"WTDOIUEN75G77LVW4ORJT4W7WI","content":"“There’s also the culinary offering - it’s really important having the right kind of food - whereas Chinese visitors like to sample the food that we have here, their digestive systems are not used to the kind of food we have here and to eat that food solidly for eight days on a trip here would be challenging, So they need to have the variety of food.","type":"text"},{"_id":"QIEF5NAUTRA65MIEL5ONYWBVKQ","content":"“Having the right kind of breakfast offering that works for Chinese visitors. It’s a range of things like that that are needed to meet the needs.”","type":"text"},{"_id":"5U2LSNHHUFFBFM45FXM26VZOXY","content":"Direct flight services have also helped to expand the market, he added. “We’d like to see that grow over time, we’ve also got a new five year multi-entry visa that’s just come on stream.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"name":"Vivienne Clarke"}]},"description":{"basic":"600 Irish hospitality businesses to complete China Ready Training Programme this year"},"display_date":"2019-09-11T08:10:37Z","headlines":{"basic":"Irish tourism industry on major drive to attract Chinese visitors"},"promo_items":{"basic":{"_id":"UF66TO3PQQ6ZLPFU5HWASNNNGE","auth":{"1":"b743c8724354b2dfac0f22213cb537966a03a9cfa49c6d845c265393c55e77e1"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/UF66TO3PQQ6ZLPFU5HWASNNNGE.jpg"},"lead_art":{"_id":"JGJMH6NATIF5G6O25XBMTRP36M","embed_html":"<div class=\"powa\" id=\"powa-JGJMH6NATIF5G6O25XBMTRP36M\" data-org=\"irishtimes\" data-env=\"prod\" data-uuid=\"JGJMH6NATIF5G6O25XBMTRP36M\" data-aspect-ratio=\"0.562\" data-api=\"prod\"><script src=\"//irishtimes.video-player.arcpublishing.com/prod/powaBoot.js?org=irishtimes\"><\/script></div>","promo_image":{"auth":{"1":"6943db00ac21569ed66c85356d6684b2e3206b27ad07acab8da92651b6adc399"},"type":"image","url":"https://d2j5ip5u6h2g6o.cloudfront.net/10-20-2021/t_8bdc012a6233427db0b021e704653ee7_name_1795463433001_6023933103001_6023919460001_.jpg"},"promo_items":{"basic":{"auth":{"1":"6943db00ac21569ed66c85356d6684b2e3206b27ad07acab8da92651b6adc399"},"type":"image","url":"https://d2j5ip5u6h2g6o.cloudfront.net/10-20-2021/t_8bdc012a6233427db0b021e704653ee7_name_1795463433001_6023933103001_6023919460001_.jpg"}},"type":"video"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/irish-tourism-industry-on-major-drive-to-attract-chinese-visitors-1.4014574","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"WDTYFBFMY2CTW6YG3R4SC7MIYE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/electric-vehicles-no-chance-of-hitting-government-target-simi-1.4014106","content_elements":[{"_id":"AUJD25O25RBADKWHREFGFIQZDM","additional_properties":{},"content":"The Government's current target of having one million electric vehicles on our roads by 2030 is unattainable, the Irish motor trade has warned in a letter to all members of the Oireachtas this week.","type":"text"},{"_id":"2VBTB2QLAZD3DCUNQZ7IO2UCPU","content":"The industry has also called for a delay to any proposed changes in the current motor tax regime for at least a year, given the uncertainty over the impact of Brexit.","type":"text"},{"_id":"J567N7QR7FHHXK2Q7ANHDP6HC4","content":"In the letter seen by The Irish Times, the Society of the Irish Motor Industry (Simi) says the electric vehicle targets cannot be achieved because car manufacturers are aiming to offer fully electric vehicles by 2040 so they are on a different timetable to the Government. This means “the supply and pricing of electric vehicles will not be available in the medium term”, it says.","type":"text"},{"_id":"7YEW66YRABFA7FBXRZXRVHOVUQ","additional_properties":{},"content":"Punitive rates","type":"header"},{"_id":"T5YQM6QLIJFV7EBBX4XZ337BE4","content":"And it warns that any tax strategy aimed at adding punitive rates on regular petrol or diesel cars in an effort to drive buyers to opt for electric is flawed “as it ignores the fact that internal combustion engines are already significantly taxed and are already outside of the disposable income of the vast majority of the population, and that electric vehicles are still so expensive and supply so limited that the substitution ambition will not happen”.","type":"text"},{"_id":"L7QRSSZVIVBPLJBVKHI3BD5DSA","content":"Separately a senior Irish motor executive has called on the Government to consider a tax charge based on the age of used imports to prevent the UK motor trade dumping older, dirtier cars on to the Irish market.","type":"text"},{"_id":"IQKYSZS6CFBODIEGFOZVZPRZTE","additional_properties":{},"content":"Stephen Gleeson, managing director of Hyundai Ireland, is calling for a system where used imports face a significant tax charge that rises for every year since the vehicle's first registration. Speaking at the Frankfurt motor show, Mr Gleeson said: \"The Government needs to bring in a fixed charge on all petrol and diesel imports in order to limit the flood of older, more polluting used imports from the UK.\"","type":"text"},{"_id":"6ICOFQCB2VAJ3KL2MC3Z66BIDA","content":"Tackling climate change was a dominant theme on the first day of the Frankfurt show, with car company bosses putting environmental issues and electric cars at the heart of their presentations, and facing protestors outside.","type":"text"},{"_id":"RKF2SMKQXZBUVLJZGKTXSYWJHA","additional_properties":{},"content":"Concerns","type":"header"},{"_id":"4IPNFYZWW5GU5HGPQFKEVR353M","additional_properties":{},"content":"VW chief executive Herbert Diess urged governments to quit coal and make changes to taxing carbon dioxide emissions, while singling out the transport sector, including cars, for creating 14 per cent of global CO2 emissions. However, he added that there were concerns about how the high levels of investment required on cleaner tech was coinciding with ongoing international trade tensions, along with Brexit.","type":"text"},{"_id":"UVAW3YVBLRENZBRP76K5BA5FI4","additional_properties":{},"content":"Mr Diess warned that \"China is basically a healthy market but, because of the trade war, the car market is basically in a recession. So that's a new situation. That's scary for us.\"","type":"text"},{"_id":"IDIYTEHMFJH6HCAXMAYZ2VHFHE","additional_properties":{},"content":"Meanwhile, BMW's chief financial officer Nicolas Peter said the carmaker would reduce output at its Mini plant in Oxford by eliminating a work shift should the UK opt for a hard Brexit. \"We'd have to increase prices, and we have to curtail production to react to such a development,\" he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Michael McAleer"}},"name":"Michael McAleer"}]},"description":{"basic":"Motor industry calls for delay to proposed motor tax changes over Brexit uncertainty"},"display_date":"2019-09-11T03:40:29Z","headlines":{"basic":"Electric vehicles: no chance of hitting Government target - Simi"},"promo_items":{"basic":{"_id":"XQWREXMRHHCHAOWLUYDQFVP7GM","auth":{"1":"46b0548a329001d3419311ec501a906c79debef33f2c3d2e0f3b580133ef70fc"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/XQWREXMRHHCHAOWLUYDQFVP7GM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/electric-vehicles-no-chance-of-hitting-government-target-simi-1.4014106","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"CKX22CWWV2CAQRSRCHTJJE27JM","additional_properties":{},"canonical_url":"/business/transport-and-tourism/moody-s-downgrades-ford-credit-rating-to-junk-status-1.4013657","content_elements":[{"_id":"QQCX36XEZZEYZPS25JTKUNLE6U","content":"Ford’s credit rating has been cut to junk by Moody’s Investors Service, which cited weak earnings and cash generation as the carmaker undergoes a costly restructuring.","type":"text"},{"_id":"2FSFQSNHIJDNXEX7NEKTVVPWTU","content":"The company, which has about $100 billion (€90.64 billion) of debt globally, in the form of bonds and loans, is trying to retool its business “from a weak position as measures of cash flow and profit margins are below our expectations, and below the performance of investment-grade rated auto peers”, Moody’s said in its report.","type":"text"},{"_id":"AWZRUGVNEJCQFF2LWFDH3GB2AE","content":"Ford has said it will take charges totalling $11 billion in a restructuring aimed at improving profitability and better positioning itself to capitalise on new technologies including electric and self-driving vehicles. The company has announced job cuts and plant closures in Europe, while also reducing salaried staff across the globe.","type":"text"},{"_id":"6WEU5NBNIJF5JLMBVH2NNCF5XY","additional_properties":{},"content":"Shares","type":"header"},{"_id":"ED5QSPYXARDWLFZ6JNWVYJVQXA","content":"It also has formed an alliance with the German carmaker Volkswagen in which they will share development costs on electric cars.","type":"text"},{"_id":"4OSUMZ6WBRDLBL7Y7IR3US7IQ4","content":"Shares in Ford were down more than 3 per cent in after-hours trading following the Moody’s announcement, having been up more than 2 per cent during the day’s formal session. The stock had gained 25 per cent since the start of 2019, as of Monday’s closing price.","type":"text"},{"_id":"42K2KU5WDRBBVJ576L3W7J52DY","additional_properties":{},"content":"Moody's cut the rating on Ford's bonds one notch from Baa3, the lowest investment grade rating, to Ba1, the highest rung of the junk bond scale. The other two major credit rating agencies, S&P Global Ratings and Fitch, each have investment-grade ratings for the company.","type":"text"},{"_id":"P6AP4QBF3FAPZH6OONR3ON2FQY","content":"The yield on Ford’s 10-year bond, issued earlier this year, shot higher following the announcement from Moody’s, rising 15 basis points to 4.93 per cent.","type":"text"},{"_id":"HCQEVTOYQNH3HDENQK3BU7Y5QM","content":"“The erosion in Ford’s performance has occurred during a period in which global automotive conditions have been fairly healthy,” Moody’s said.","type":"text"},{"_id":"62CWY3ZPAFD67JRWVDHXSOTGH4","content":"“Ford now faces the challenge of addressing these operational problems as demand in major markets is softening, and as the auto industry is contending with an unprecedented pace of change relating to vehicle electrification, autonomous driving, ride sharing, and increasingly burdensome emission regulations.”","type":"text"},{"_id":"GM5SQCSQRVFNHM5NKWW75WQHBQ","additional_properties":{},"content":"The downgrade raises the risk that Ford could end up in high-yield market indices, where it will be a significant presence. According to Bank of America Merrill Lynch analysts, $34.5 billion of Ford's US bonds would be eligible for inclusion and would represent 2.9 per cent of the total US high yield market.","type":"text"},{"_id":"Y75C36ZYR5HT3OK2DCKD6JOFBA","additional_properties":{},"content":"Prices","type":"header"},{"_id":"SRLTEFBQFVHXTJQ4FBY3OGXGOY","content":"The debt remains in investment-grade bond indices for now, however, since a majority of the rating agencies still have an above-junk rating. S&P said in July that it expects to downgrade the company by one notch sometime this year, but that it would still maintain an investment grade rating on the company.","type":"text"},{"_id":"AFQ3WQH7MBA7HPGIU6UH27TE5E","content":"“A two-notch downgrade to a speculative-grade rating is unlikely over the next 24 months unless a higher risk of a US recession coincides with a lack of profitability improvements in Europe and China, which – together – would reduce the cash cushion Ford would need to withstand the next downturn,” S&P wrote in its most recent report.","type":"text"},{"_id":"U3TUDXXRTJCORMWQYGH6BKGTXI","content":"Investors have become concerned in recent years over the rising numbers of companies happy with issuing debt at the very lowest rungs of investment grade. They fear worsening economic conditions could imperil companies’ ability to service bloated debt loads, leading to downgrades.","type":"text"},{"_id":"SWINPJDSJZCDNAJYKYC4WJHFAA","content":"Prices could then fall precipitously, since some bond fund managers would be forced to offload the debt, bound by strict investment mandates that prohibit holding lower-rated bonds.","type":"text"},{"_id":"TQ7AJGQ3EZFBTOOM3ZJXIRT3IQ","content":"But some analysts and investors downplayed the impact of Ford’s downgrade.","type":"text"},{"_id":"5TUTRXAWPZBNJGTMWPTNH547OA","content":"“I think the Ford situation is understood by investors to be sufficiently idiosyncratic,” said Hans Mikkelson, a strategist at Bank of America Merrill Lynch. “This is not a sign that you are going to see a raft of downgrades from triple-B to high yield.” – Copyright The Financial Times Limited 2019","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Manufacturer is undergoing a costly restructuring"},"display_date":"2019-09-10T10:50:00Z","headlines":{"basic":"Moody’s downgrades Ford credit rating to junk status"},"promo_items":{"basic":{"_id":"MOGZEW5FQ7PXRDXZAVAMRCVY6Y","auth":{"1":"92c2970a00bfe2a8174ee6bcdef89756fa566e54d74aba8efa69179e3ed4f5e1"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/MOGZEW5FQ7PXRDXZAVAMRCVY6Y.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/moody-s-downgrades-ford-credit-rating-to-junk-status-1.4013657","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"IAL5D2EDWMMJLSFBCPJIOQ5NZ4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-investors-advised-to-vote-against-six-directors-1.4013000","content_elements":[{"_id":"R5K3SKCKTREFVCTOX4EBEDLU6E","additional_properties":{},"content":"Shareholder advisory group ISS has recommended that Ryanair investors vote against the re-election of six non-executive board members of the airline, including long-serving chairman David Bonderman.","type":"text"},{"_id":"TM4HQ4HDFFHQ5NPOT4AUJAQXRY","content":"That represents half of the Irish airline’s 12-person board, with ISS classifying all of the directors as being non-independent. The call has come ahead of the airline’s annual general meeting on September 19th.","type":"text"},{"_id":"SE4SDCPRDFFALMQYJVSCSV2LBM","content":"ISS has also recommended that shareholders vote against the remuneration report, its long-term incentive plan, and against a request to authorise the airline to issue new equity.","type":"text"},{"_id":"2UHBUOT5TZGYTGN32TYG4Z5I3M","additional_properties":{},"content":"In its 38-page report, ISS has recommended that investors in Ryanair vote against the re-election of Mr Bonderman, nomination committee chair Michael Cawley, senior independent director Kyran McLaughlin, and remuneration committee chair Howard Millar based on their \"deep-rooted links\" with chief executive Michael O'Leary.","type":"text"},{"_id":"ERF6JYFEFRGKBM2J5IIGI4ZQII","additional_properties":{},"content":"Concerns","type":"header"},{"_id":"OTP23KIKDVA7BC7VQFCWT2VXYQ","content":"Mr Cawley and Mr Millar are both former senior executives at the airline.","type":"text"},{"_id":"Z6N3SZD4X5BU7KHKXHOSKBCTEE","content":"In addition, it suggests voting against the re-election of Stan McCarthy and Julie O’Neill, who are members of the remuneration committee on “account of issues raised with the company’s remuneration arrangements”.","type":"text"},{"_id":"WUEXXM5NFNDHNOGXTQTGVZUWDU","additional_properties":{},"content":"ISS said votes for the re-election of Róisín Brennan, Emer Daly, Dick Milliken, Michael O'Brien and Louise Phelan were warranted although \"not without concerns\".","type":"text"},{"_id":"TVRLCSQXT5C6XH6I3UCI36J6SA","content":"It noted that Ms Phelan had failed to attend at least 75 per cent of the board and key committee meetings that she was eligible to attend during the year. “There is no evidence of a longer-term attendance issue [with Ms Phelan] at this time” but this would be reviewed at the next agm, ISS said.","type":"text"},{"_id":"EIBQOUZVXFF5NGQRU7A74DYXEY","content":"In terms of Mr Bonderman, who has been chairman of Ryanair since 1996, ISS said “concerns remain” with regards to his re-appointment in spite of his decision to step down from the role in the summer of 2020.","type":"text"},{"_id":"NNL7BIE7ZNBI7MMUYX5QBK3FAI","content":"While Mr O’Leary has reduced his salary to €500,000 as part of a new five-year contract, from about €1 million a year previously, ISS has recommended a vote against the remuneration report on the basis that there is not a “compelling justification” for the grant of 10 million share options to the CEO, and options to certain non-executive directors.","type":"text"},{"_id":"MJXKZEICE5DG3BIA43KACOVNTU","additional_properties":{},"content":"Best practice","type":"header"},{"_id":"H72JQ6YGHRGW5BQVQ53LICDKVE","content":"ISS also argues that there is “scope for better disclosure on annual bonus targets and outcomes appear slightly mis-aligned with wider company performance”.","type":"text"},{"_id":"OND6T4BF3ZET3D4RWD76T3T6VI","content":"Mr O’Leary’s share options are exercisable at a price of €11.12 if the net income of Ryanair exceeds €2 billion in any year up to 2024 and/or the share price exceeds €21 for a period of 28 days between April 1st, 2021 and March 31st, 2024.","type":"text"},{"_id":"NTCSQC3J4JAPJGBAJBIBVNULVI","content":"Ryanair is seeking approval for a new long-term incentive plan to replace a scheme dating back to 2013. ISS said shareholder support was not “warranted as the terms of the plan are not considered to be in line with best practice”.","type":"text"},{"_id":"XPHR6NACPRFGZFHHZY6UR6T6CQ","content":"ISS has also categorised Ryanair as a “laggard” in terms of its performance in relation to climate change issues. It has given the airline a carbon risk rating of 21 out of a 100, where zero is the worst score.","type":"text"},{"_id":"IMEKWJ5SPFFWZHL7G7RZ4UZANU","content":"Glass Lewis, another shareholder advisory group, has also expressed reservations about Mr O’Leary’s remuneration package. And it has advised shareholders to vote against the re-election of Mr Bonderman, Mr McLaughlin and Ms Phelan, based on her poor attendance record.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ciarán Hancock"}},"name":"Ciarán Hancock"}]},"description":{"basic":"Shareholder advisory group ISS issues recommendations ahead of airline’s agm"},"display_date":"2019-09-10T06:50:06Z","headlines":{"basic":"Ryanair investors advised to vote against six directors"},"promo_items":{"basic":{"_id":"PS6XFWH6P2RNFZFJ3DLKGAKJWE","auth":{"1":"a7d03b97fd5d40273e26da0f254a29c26107a7fe40d64df8b7114ee74b02f2a0"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/PS6XFWH6P2RNFZFJ3DLKGAKJWE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-investors-advised-to-vote-against-six-directors-1.4013000","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"EHINQXHVNIT2FRKIABSEPRIPSY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/belfast-international-airport-rated-worst-in-uk-1.4012593","content_elements":[{"_id":"6JABBCBWOJGBTHHKQBLSRXQRRE","content":"Belfast International Airport (BIA) has been rated as the “worst” airport in the United Kingdom in an annual survey carried out by an independent consumer body because of “long queues, crowded terminals and pricey parking”.","type":"text"},{"_id":"HYVLULEG4VGPJOGI25H4JJMQM4","content":"In the survey by Which?, BIA landed at the bottom of the small airport rankings, had the lowest customer score of 42 per cent and was named as the “worst rated airport overall”.","type":"text"},{"_id":"U4PLKUCJ7BHA3DHXTA7XKBDHBU","content":"The highest rated airport in the UK, for the third year running, was Doncaster Sheffield which scored an 86 per cent customer rating and was praised by travellers as a “cosy airport” with no queues and “easy to navigate”.","type":"text"},{"_id":"4J75B3I4GRAJHFPQ577DI7SXKA","additional_properties":{},"content":"‘Challenges’","type":"header"},{"_id":"QU5ZGLD2DVHVNLKQEDUDPEI4MQ","content":"When it came to BIA however, Which? said travellers complained about the airport being “tired and shabby” and “understaffed”. Many others commented on its “poor layout”.","type":"text"},{"_id":"IWO5IEKV3ZBYHEP22ALKIBHBJA","content":"In the Which? survey, the airport also scored badly for security queues, seating, staff and for its small range of shops and restaurants – a quarter of which are, the consumer body claimed, owned by WH Smith.","type":"text"},{"_id":"EDQQTMVNKNHEPDO35AFWNJHIOU","content":"According to Naomi Leach from Which?, if travellers have the “luxury of choice” when it comes to airports in the North, they should choose Belfast City over Belfast International “for a smoother start to your trip”.","type":"text"},{"_id":"4JFC6J3WGBC6RDAAVFWRCFPZHE","content":"A spokeswoman for BIA said the airport “acknowledged” that passengers had faced “significant operational challenges” over the last 18 months but claimed that, since the Which? survey had been carried out, the airport has seen “a noticeable improvement in passenger satisfaction”.","type":"text"},{"_id":"4I6WJGLHTFHSHN3ZZ7S2P3Z2C4","content":"BIA has recently completed a £1 million (€1.1 million) investment programme in its central search security facility.","type":"text"},{"_id":"GRKUROPSOBDATMY5FYT7DUB5LU","content":"The spokeswoman added: “This investment is having a clear and positive effect. A newly installed tracking system shows that the time it takes to process through security is averaging well below 15 minutes.","type":"text"},{"_id":"BT24MG57SVHNPDVLXV3IGWCGPQ","content":"“Belfast International Airport has made considerable strides to improve the passenger experience, including the appointment of a new security contractor. The range of food and beverage outlets has also been greatly enhanced with the opening of the new Northern Quarter facility. We are working hard to improve the passenger experience and that will continue on a rolling basis.”","type":"text"},{"_id":"CJ4VIXF4QVFRDNFNG3D3LK3IMQ","content":"According to latest statistics, more than 6.4 million travellers have passed through BIA this year, making it the North’s busiest airport.","type":"text"},{"_id":"KELHZTKUCNDTNO3K7WVGTXIKZA","content":"Two years ago, the airport launched an extensive marketing campaign in the Republic to attract more residents from the South to travel through Belfast International, using Brexit-themed ads to highlight the advantages of flying from Belfast because of sterling weakness against the euro.","type":"text"},{"_id":"NRPEGH6GHJC37ES2VGSVNZ3ZSE","content":"The spokeswoman for BIA said that the airport continues to “get a growing number of passengers, particularly from Donegal, Sligo, Monaghan and Louth” and “currently around 11 per cent of traffic” is from the Republic.","type":"text"},{"_id":"JUTKEP7U6VDFXCWQMZQRTEDJPI","content":"Previously, Northern Ireland’s only direct, scheduled air service to the United States had operated from BIA but this ended when Norwegian Air axed the route.","type":"text"},{"_id":"C7X2GZ7GRFF4BHM5NWLATFQGXY","additional_properties":{},"content":"Route","type":"header"},{"_id":"2F6TIBZFVVAKRDTQHTSWE2WZGE","content":"Since then, Belfast International has struggled to find a replacement airline to operate a direct route to the US. Earlier this year, Uel Hoey, business development director at the airport, claimed this could be as a result of how Northern Ireland is marketed by Tourism Ireland.","type":"text"},{"_id":"PC4R4P22ZZGYDFTZSYDHD4WUYY","content":"Mr Hoey told the House of Common’s Northern Ireland affairs committee that, because of the Good Friday Agreement, the North is “sold externally by an all-Ireland tourism body, and a very good job they do for the island of Ireland in terms of marketing and getting green lights on things on 17th March”.","type":"text"},{"_id":"ZGUWSDADANE2FNBUML7BWMWXHE","content":"He added: “We are in a global sales environment. We are light years behind even our closest competitor in Dublin in terms of how we pitch our external sales pitch. If it is fragmented, it further dilutes our likelihood of success.","type":"text"},{"_id":"43ICYRDLTRDAZH55YRVBBM4BWQ","content":"“We have almost the invidious scenario where, if you look at external garnering of tourism, you have to say that whatever Dublin directs in the direction of Belfast is likely to be something that Dublin loses for itself. It does not make any sense for them to do that. We find ourselves currently in a situation that is tantamount to Belfast being sold by Dublin. It is like Barcelona being sold by Madrid or Edinburgh being sold by London.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Francess McDonnell"}},"name":"Francess McDonnell"}]},"description":{"basic":"Which? survey cites long queues, crowded terminals and pricey parking"},"display_date":"2019-09-09T14:25:16Z","headlines":{"basic":"Belfast International Airport rated ‘worst’ in UK"},"promo_items":{"basic":{"_id":"PUBHKZP5HSJJYWSDOKUHWSEJX4","auth":{"1":"49af09e9ab1d88fa52edaadb57eec55358f95f8ba363dc59260f3f48d5e2cdfe"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/PUBHKZP5HSJJYWSDOKUHWSEJX4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/belfast-international-airport-rated-worst-in-uk-1.4012593","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"KOPX76HPINX53WYJTOX6HJMNWU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/irish-passengers-impacted-as-ba-pilots-launch-48-hour-strike-1.4012182","content_elements":[{"_id":"K7CSEK32VJBZPBCDUHNJZ3NGYI","additional_properties":{},"content":"British Airways pilots began a 48-hour strike on Monday, grounding most of the airline's flights and disrupting thousands of travelers' plans in unprecedented industrial action over a pay dispute.","type":"text"},{"_id":"4L2T2PUIHJBK3F44WTNNBGHPXY","additional_properties":{},"content":"The British Airline Pilots Association (BALPA) last month gave the airline notice of three days of industrial action in September, in what is the first ever strike by BA pilots.","type":"text"},{"_id":"ZHQSMOKHO5DH5CY7NUWIMZJ3NE","content":"Following the strikes on September 9th and 10th, another day of industrial action is scheduled for Sept. 27.","type":"text"},{"_id":"FISCHNNP3FEXBHYGQYAT6LEIFY","content":"BALPA has said that British Airways (BA) should share more of its profits with its pilots. BA has said the strike action is unjustifiable as its pay offer was fair.","type":"text"},{"_id":"XY466Y23TRDATAH6KQYAW3PJVM","content":"Thousands of customers have had to seek alternative travel arrangements, and the airline has come in for criticism over how it handled communications with passengers ahead of the strikes","type":"text"},{"_id":"I6VW3ZG2KJC6JOQQWSLG3ZYJSI","content":"“This strike will have cost the company considerably more than the investment needed to settle this dispute,” BALPA General Secretary Brian Strutton said in a statement on the eve of the strike.","type":"text"},{"_id":"UDQTHHOYI5GENDGJ5ETCZFACXI","content":"“It is time to get back to the negotiating table and put together a serious offer that will end this dispute.”","type":"text"},{"_id":"ZBGVAMN3C5DJXI6PU5FPN5KMPM","content":"Last Thursday, the airline dismissed a new offer by BALPA as an “eleventh hour inflated proposal” that was not made in good faith. BALPA had said it would have called off the strikes this week if BA had engaged with the offer.","type":"text"},{"_id":"W53XJPWCGNH7XOKPEJUOIRF4LY","content":"A spokeswoman for Prime Minister Boris Johnson has urged both sides to end the dispute.","type":"text"},{"_id":"4JPTSFZGQBHDFLHBHU5IRNI46Q","content":"Asked about the strike action, a spokeswoman for British Airways said: “We remain ready and willing to return to talks with BALPA.”","type":"text"},{"_id":"H67AC4IDWBCOPDXWYCT2UR6JNM","content":"The UK Civil Aviation Authority (CAA) is investigating the airline after it enraged some travelers by wrongly telling them their flights had been canceled.","type":"text"},{"_id":"C6FU5ZAPGRHZFMQCTJYGNZAPLM","content":"The regulator also reminded the airline to proactively tell customers of their rights. During the strikes, BA must offer the passengers reimbursement for canceled flights, alternate travel arrangements under comparable conditions or a new flight at a later date. – Reuters","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"British Airways pilots are taking unprecedented industrial action over a pay dispute"},"display_date":"2019-09-09T06:34:52Z","headlines":{"basic":"Irish passengers impacted as BA pilots launch 48-hour strike"},"promo_items":{"basic":{"_id":"YDCWKZV5TSIWRO44LFNBSJAOTE","auth":{"1":"9cbd424f8ffc2528b82d299812c0ccaafda2759e8175438920560d22e635ec79"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/YDCWKZV5TSIWRO44LFNBSJAOTE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/irish-passengers-impacted-as-ba-pilots-launch-48-hour-strike-1.4012182","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"UW2JBZ7XRCZU5N6VAJ4HVA7W3E","additional_properties":{},"canonical_url":"/business/transport-and-tourism/nissan-ceo-takes-responsibility-for-ghosn-scandal-and-will-exit-company-1.4011592","content_elements":[{"_id":"BF4YU4L3XNB5PII2PYDVNYZTSU","content":"Nissan Motor Co chief executive Hiroto Saikawa said he won’t resign for being at the center of turmoil over excess compensation, but is ready to take responsibility for scandals involving former chairman Carlos Ghosn and will exit as soon as a successor is found.","type":"text"},{"_id":"BZTIWFF44REYPCRY6UVUUOU4LA","content":"Following reports last week that he and other Nissan executives were paid more than they were entitled to, Saikawa has been facing mounting pressure.","type":"text"},{"_id":"ESSFQI6MQJF5HHZXLAPPDHGOPU","content":"It’s the latest blow to the CEO, who has spent the period since Ghosn’s shock arrest last November trying to right the carmaker as it grapples with decade-low profits, job cuts and the destabilisation of losing a leader who loomed large over Nissan for two decades.","type":"text"},{"_id":"57RPJIMNBRA3LHZ2EOCQRTMLTA","content":"“I’m not responsible for that,” Saikawa, 65, told reporters late on Sunday, when asked about stock-linked bonuses that were inflated when they were paid out in 2013. “I will take responsibility for the Ghosn scandals, and want the board’s nomination committee to find a succession plan as soon as possible in order to pass the baton.”","type":"text"},{"_id":"EKPUEWX3JZCRPAQOC55UOKVDNQ","content":"When Nissan’s board meets Monday to discuss the excess pay issue, it will also review a plan for Saikawa’s replacement, according to people familiar with the matter.","type":"text"},{"_id":"7IAHPVWRMFHQLMXMT36OUVYFDQ","content":"Pressure is building for that process to be accelerated, and has the support of Renault SA, Nissan’s biggest investor and partner in the world’s largest auto alliance, some of the people said, asking not to be identified discussing a private matter.","type":"text"},{"_id":"O4TAYRTZ7FDV3KS4AXPVVAMUEQ","content":"Saikawa added that he wanted to work to make sure the alliance with Renault is secure. “While keeping Nissan’s independence, I believe I’m the leader most open to the alliance,” he said.","type":"text"},{"_id":"NCGJYNV7XJEFBITCOPJXNELNAM","content":"As senior management at the company deliberate a future without Saikawa, a number of options are being considered. They include appointing Nissan chief operating officer Yasuhiro Yamauchi as interim CEO, the people said. The board would then set a timeline for a permanent successor, they said.","type":"text"},{"_id":"YUSV3GSH3ZFHBF66VQA5XMQSWQ","content":"A representative for Renault declined to comment on the succession issue.","type":"text"},{"_id":"KK6R4J7DSRFFBFHSAE5BHBEX2M","content":"Saikawa told his colleagues of his intention to resign, although the exact date is yet to be decided, the Nikkei newspaper and Kyodo News reported.","type":"text"},{"_id":"KSAO57INEFHGZCUTISCLOWQ55U","content":"It’s an ironic turn of events for Saikawa, who went from being Ghosn’s protege to the public face of the accusations against him. Nissan’s CEO appeared before the world’s media just hours after the former chairman’s Nov. 19 arrest to denounce his behavior, describing his “indignation” and “despair” at the conduct of his former boss.","type":"text"},{"_id":"OUS2WT6Q2BDW7FJGF7FTPQVS5E","additional_properties":{},"content":"Pay allegations","type":"header"},{"_id":"CFLVALRH5FB5FC6AX4CO7AB2B4","content":"Like Saikawa now, some of the allegations against Ghosn related to pay. The former chairman is currently out on bail, due to face trial in Tokyo next year on charges he failed to disclose compensation from Nissan, passed on trading losses to the carmaker and redirected company money into his own accounts. Ghosn denies all the allegations.","type":"text"},{"_id":"53ANY3HUHVB6DMCCDCWBB2TAJU","content":"The scandal is yet another setback to Nissan’s efforts to repair its image with investors, regulators and the car-buying public. Ghosn’s downfall rocked the alliance with Renault, which received another blow in June when opposition from Nissan derailed a proposed merger with Fiat Chrysler Automobiles NV. The two companies have been working toward resolving their differences, but changes at the top of Nissan could cast uncertainty over that process.","type":"text"},{"_id":"L3UXJ4KJIVCENJPVF27SUVVFAI","content":"Saikawa acknowledged last week that he received more equity-linked pay than he was entitled to under company rules. He’s said that he’ll return the money, a bonus of about 47 million yen (€390,000) paid out in 2013 linked to Nissan’s share price.","type":"text"},{"_id":"KL3SR3HFNVHRZMKZZA45UEAV34","content":"Other executives, including senior vice president Hari Nada, a key whistleblower against Ghosn, are also said to have been overpaid.","type":"text"},{"_id":"D2IHAQ3VMBA25FKSKHLDOLESJM","content":"“Given that this issue concerns more than 40 million yen taken inappropriately from the company, institutional investors and other entities holding Nissan stock will consider this a problem of governance,” said Koji Endo, an analyst at SBI Securities Co in Tokyo.","type":"text"},{"_id":"2JV7TDA6QZCIHFWQYCWEKCPI2E","content":"Saikawa’s departure, or at least a firmer timeline, could help pacify investors that have driven Nissan’s stock down more than 30 per cent since Ghosn was detained last November. The turmoil at Nissan comes as the auto industry wrestles with a once-in-a-generation shift toward electrification and autonomous driving, as well as a slowdown in car sales around the world.","type":"text"},{"_id":"NX3DLTVY5FAJXBF76CCL5I4G2Y","content":"How long Saikawa, a life-long Nissan employee, could stay in his role has been uncertain for some time.","type":"text"},{"_id":"6KKZSUASEJDZDI4PPCA3KOEY2A","content":"While the CEO was reappointed in June with the support of Renault, which owns 43 per cent of Nissan, investor groups including Institutional Shareholder Services and Glass Lewis voted against him, citing his close connections to Ghosn.","type":"text"},{"_id":"G45RCDB5MNECFFDRBXIAWSILNY","content":"The CEO himself said in January that the search for his replacement should be hastened to pass the leadership over to a “new generation,” but backtracked in discussions with some Nissan executives, saying he planned to stay for another three years, people familiar with the conversations said at the time.","type":"text"},{"_id":"UKYXFZ6CINCIDMD3HMYTYVIKCA","content":"Adding to pressure on Saikawa is the looming resignation of the senior manager in charge of the probe into excess compensation at Nissan. Christina Murray, the carmaker’s vice president in charge of audit and compliance, will leave Nissan as soon as September 10th, people familiar with her plans said last week.","type":"text"},{"_id":"XLXRYWIGVFFPZDV3HGYJJ67WEU","content":"The investigation into executives being overpaid via stock appreciation rights was launched in June, after former executive Greg Kelly, who faces criminal charges along with Ghosn, said in a magazine interview that Saikawa had improperly received 47 million yen in 2013. The findings of the probe are said to be presented to the board at Monday’s meeting.","type":"text"},{"_id":"OVCOIZBYUFAM7OYAOLNIGYHULQ","content":"Nissan is considering abolishing the payment system, which was first introduced in 2003 as an incentive for managers, the people said.","type":"text"},{"_id":"G3JYLCBFHVBTDMV76DUGRMIV6A","content":"- Bloomberg","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Hiroto Saikawa said he won’t resign for being at the center of turmoil over excess pay, but is ready to take responsibility for scandals involving former Nissan chair Carlos Ghosn"},"display_date":"2019-09-08T16:32:14Z","headlines":{"basic":"Nissan CEO takes responsibility for Ghosn scandal and will exit company"},"promo_items":{"basic":{"_id":"PV7FC5SDLDZV2A3KQQMYPF47LE","auth":{"1":"55b1f1b7c8c064111ec7af9d3881c22f6ef92c528675dba23b00d5e543017f16"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/PV7FC5SDLDZV2A3KQQMYPF47LE.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/nissan-ceo-takes-responsibility-for-ghosn-scandal-and-will-exit-company-1.4011592","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"N55U2I567O4JKZGZ7O44P5XQTY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ba-flights-from-dublin-to-heathrow-cancelled-ahead-of-pilot-strike-1.4011460","content_elements":[{"_id":"MX2BFGCHUFD7FJ3Q5WSBE23UK4","additional_properties":{},"content":"All of the British Airways flights between Dublin and Heathrow airport in London tomorrow and Tuesday have been cancelled as a result of strike action by pilots.","type":"text"},{"_id":"LRECJD3ABNCRRNRP5RYNM7QZT4","content":"However, BA services between Dublin and London City Airport are unaffected by the industrial action.","type":"text"},{"_id":"U43DK5NUJRDQBALM2QRJY4DPNM","content":"Eight flights departing from Dublin to Heathrow and the same number arriving flights have been cancelled on both Monday and Tuesday, a spokesman for the airline confirmed.","type":"text"},{"_id":"ZKELLPXT2RHZTBNESJGNDYKCDQ","content":"BA offers two routes from Dublin to London, one to Heathrow and another to London City Airport. A spokesman for British Airways said that while flights to and from Heathrow have been cancelled, flights to London City Airport are not affected by the strike and will proceed as planned.","type":"text"},{"_id":"2NM2IYV56NE5ZLZ4IOYCS624U4","content":"The flights to and from the City Airport are BA CityFlyer flights whose pilots are not involved in the strike action.","type":"text"},{"_id":"QRPTETK47NHBRIIU7IN7WJ7PIE","content":"British Airways and Aer Lingus are owned by the same company - the Willie Walsh-led International Airlines Group - and codeshare a number of routes, but a spokesman for BA said that only British Airways planes would be affected, even if the AerLingus flight has a BA flight number.","type":"text"},{"_id":"5TBJIWXO75HMBDCUQA5FUEJEZI","content":"All other airports in Ireland are unaffected by the strike action.","type":"text"},{"_id":"YKAS44AB3ZD25LSWED47F5UCEU","content":"Dozens of British Airways flights have been cancelled on Sunday, hitting holidaymakers and business travellers trying to return to Britain ahead of the two-day pilot strike set to begin on Monday.","type":"text"},{"_id":"RRBJ4P2BKZDLTDJDCWJ7ZFRZTU","content":"Roughly 50 of Sunday’s flights have been grounded, mostly those coming into the UK, because the airline is unable to park additional planes at its bases in London’s Heathrow and Gatwick airports.","type":"text"},{"_id":"6UJRW4FQEVCDZLPW7HO523JFAA","content":"The disruption that has led to all but a few flights being cancelled on Monday and Tuesday will also roll into Wednesday, with BA already forced to pull some flights because its planes will be in the wrong locations.","type":"text"},{"_id":"4U43F57DM5FB7GXIS42OYGEYUM","content":"Most customers have been notified of changes to affected flights but the airline is braced for additional unexpected cancellations on Wednesday.","type":"text"},{"_id":"DD6BGKFR4NC2RMS6S2YGUYL72Q","content":"The extra disruption outside the official strike days is expected to affect thousands more customers, on top of the 280,000 already hit by the 1,700 grounded flights on Monday and Tuesday.","type":"text"},{"_id":"DDHZLFPWL5FR3CTGP55LS6QBAM","additional_properties":{},"content":"Row with pilots","type":"header"},{"_id":"7TJOPYKNJJAVNKTRKWWK4GLREM","content":"The row with pilots, the gravest industrial action in the airline’s history, escalated on Friday when BA threatened to strip strikers and their families of perks, such as heavily subsidised travel, for three years.","type":"text"},{"_id":"E2CONJE3OVG7BKMHBTOMIGNC7U","additional_properties":{},"content":"Brian Strutton, general secretary of pilots' union Balpa, said on Sunday that the union would challenge the measure in the courts, adding that the action made the dispute \"harder to resolve\".","type":"text"},{"_id":"2G2C5XRISFHGXBOII6ZSPGISXQ","content":"“This threatening behaviour is expected from BA,” he said. “We knew they were going to threaten to do that, it’s what they do in every strike dispute.”","type":"text"},{"_id":"FJMRLJR2CNAN3L25TYE2YVQORY","content":"BA pulled perks from striking cabin crew in previous disputes.","type":"text"},{"_id":"DLCIXVRN6ZEBDEGFNHHQMEBMK4","content":"Mr Strutton added: “The cabin crew ended up challenging it and said it wasn’t lawful and we’ll do the same. It does make the situation much harder to resolve, it shows they are not trying to fix the dispute.”","type":"text"},{"_id":"MZXAZAKBORCL7ETH72YSY4FPE4","content":"Despite several previous industrial disputes with cabin crew and staff, next week’s strike is the first time that BA’s pilots have walked out.","type":"text"},{"_id":"7NHYRPTTLZBMPBKMHHTK34Z7TE","content":"The union is planning for extended action that would prolong the chaos from this week. Thousands of BA pilots had drawn up plans to contribute to a private fund for an extended strike period that would see hundreds more flights grounded in the coming months.","type":"text"},{"_id":"RDH2YHELPFFT3AMZ5GWGI4ESOI","content":"An additional strike is already planned for September 27th, after nine months of pay negotiations between the two sides.","type":"text"},{"_id":"LMSJ4H7T5RGVDCGBWKIPJCFCBA","content":"Pilots asked for a three-year deal with better profit-sharing but BA claimed its pay offer of 11.5 per cent over that period was fair.","type":"text"},{"_id":"UI7XIOXW7RGA7PMD32JCWIX6GY","additional_properties":{},"content":"The Unite and GMB unions, which represent nine out of 10 BA staff, had recommended the same pay offer to their members.","type":"text"},{"_id":"KOP6NIEOTBE3TIYXFNZ2TMA4WE","content":"An average BA pilot earns about £90,000 (€99,300) , according to the airline. Captains earn an average of £167,000 plus £16,000 in allowances and the proposed pay rise would take them over £200,000.","type":"text"},{"_id":"QOEXO3UMRNDMLGWVETGHRZT7PQ","content":"- Additonal reporting by the Financial Times","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Shauna Bowers"}},"name":"Shauna Bowers"}]},"description":{"basic":"Row with pilots escalated on Friday when BA threatened to strip strikers and their families of perks, such as heavily subsidised travel, for three years"},"display_date":"2019-09-08T15:58:09Z","headlines":{"basic":"BA flights from Dublin to Heathrow cancelled ahead of pilot strike"},"promo_items":{"basic":{"_id":"74O33BMKAX4WUD4FJ4GU2DZSXI","auth":{"1":"e5d3b37839652869b16b454b0eae03b0765394cca44601d15e40f3fab3d6f17d"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/74O33BMKAX4WUD4FJ4GU2DZSXI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ba-flights-from-dublin-to-heathrow-cancelled-ahead-of-pilot-strike-1.4011460","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"N2AYRXN5HRKLM43RLD6JMY6HOM","additional_properties":{},"canonical_url":"/business/transport-and-tourism/mike-rutter-set-to-leave-aer-lingus-as-chief-operating-officer-1.4010407","content_elements":[{"_id":"4U2FIB5LTZCW3HOW4WCSJ32NDQ","additional_properties":{},"content":"Aer Lingus's chief operating officer Mike Rutter is believed to be leaving the Irish airline.","type":"text"},{"_id":"KP4CVVNMCBB2VNPJTTXXBYE3SM","additional_properties":{},"content":"Mr Rutter joined Aer Lingus in early 2014 as chief commercial officer, having previously held roles with UK airline Flybe, security group G4S and American Express. He has held the role of chief operating officer since October 2015.","type":"text"},{"_id":"H34CM356IJD7XP4J45RUDFEVFI","content":"In a statement issued to The Irish Times, Aer Lingus said that Mr Rutter was on “annual leave” while Mr Rutter did not return calls to The Irish Times on the matter.","type":"text"},{"_id":"LOULMMCPNRA5POX2E2DNL45NKM","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/676262474&color=6295d9\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"I4KBCJH7V5DFZGRVDTAFR44AT4","content":"However, sources have indicated he is leaving the Irish airline.","type":"text"},{"_id":"P2ZJUIICUJAWXLNOY6SPNVY27Q","additional_properties":{},"content":"In October 2018, Willie Walsh, the Irish man who leads IAG, Aer Lingus's parent company, published a blog stating that he was \"pleased\" that Mr Rutter had \"extended his contract\" with Aer Lingus and would \"work with Sean [Doyle, the Irish airline's then newly-appointed chief executive] to ensure that the airline continues to deliver its strong performance\".","type":"text"},{"_id":"QT4W335EUVDOVKK6EHHCALKSFA","content":"Mr Rutter’s LinkedIn page states that as chief operating officer of Aer Lingus, he has had responsibility for its flight operations, in-flight services, ground operations and catering, its “guest experience” and commercial activities.","type":"text"},{"_id":"3NVXF7IHIRBCHOFVNNRVT4PV2Q","content":"He has been responsible for the “development and execution” of its commercial and operational strategy and has also managed the carrier’s day-to-day operations. Mr Rutter has also served on the Aer Lingus board.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ciarán Hancock"}},"name":"Ciarán Hancock"}]},"description":{"basic":"Executive joined carrier in 2014, serving in senior operational capacity for four years"},"display_date":"2019-09-07T04:23:14Z","headlines":{"basic":"Mike Rutter set to leave Aer Lingus as chief operating officer"},"promo_items":{"basic":{"_id":"3U6VMWW3MBZCVWJOV7PNSTQYFI","auth":{"1":"3a22cc271230c48af53ebf47b3d44de2ff3a0a6a4030635a7f0141ba18eb3435"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/3U6VMWW3MBZCVWJOV7PNSTQYFI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/mike-rutter-set-to-leave-aer-lingus-as-chief-operating-officer-1.4010407","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"5RCZENR64EOHKM3NE2NKLVMXY4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ba-faces-more-strikes-if-talks-stall-1.4009906","content_elements":[{"_id":"AIUX5DOZJVBAJAANOA723VPCFY","content":"The union representing British Airways’ pilots is considering further strikes beyond the first walkouts in the airline’s history next week if the UK carrier refuses to go back to the negotiating table.","type":"text"},{"_id":"3NPN3VRGWZHPLMWWYHRAJUXGUI","content":"The warning comes as Britain’s flag carrier is set to face pilot strikes on Monday and Tuesday, with about 1,600 flights at risk of being grounded, affecting up to 280,000 customers. The majority of flights on these days have already been cancelled.","type":"text"},{"_id":"LTEQ7BRERJGXJN5HUHUMHT3UEI","additional_properties":{},"content":"Escalation","type":"header"},{"_id":"3EZ4U5ZMQZEWPKNLV7UULKIQII","content":"The 48-hour walkout will be followed by another strike on September 27th but the British Airline Pilots’ Association (Balpa), which represents the majority of BA’s pilots, said it would not rule out further strikes as tension between the union and BA escalates.","type":"text"},{"_id":"VWT4ORJFFNGUXON7WMB34P3XXY","content":"“We’ll take stock after the strike action next week. We hope to see BA at the negotiating table but if it doesn’t happen then we’ll have to consider next steps, and as part of that further strikes are not ruled out,” said Brian Strutton of Balpa. He said BA had “shut down” all dialogue with the union, calling it “pretty dismal”.","type":"text"},{"_id":"QCWUN4UR5NBHDBICWY2AYJ27OI","content":"The threat of further strikes comes a day after Balpa said it had offered to call next week’s strike off if BA agreed to fresh talks over a new pay deal. But BA said it would only meet for “constructive talks” if there was no precondition to it.","type":"text"},{"_id":"5CUMT2R3PNEX5DKDZJV5ALX44E","content":"BA said it did not “believe the union is acting in good faith by making an eleventh hour inflated proposal which would cost an additional £50million (€55.8 million)”.","type":"text"},{"_id":"JUYCZBJX4BF6FCX7UKFK7MIHN4","additional_properties":{},"content":"Arrangements","type":"header"},{"_id":"S344LG7APJAHZMWIQLTV4NXIRI","content":"BA added: “Balpa has cynically waited until we have helped the vast majority of customers with alternative travel arrangements, and our planning for a strike has reached a critical stage. Our customers need the certainty that Balpa will call off the strikes for good, not just for two days next week.”","type":"text"},{"_id":"IMHAR7WT5BASBB3OFVQ3XZGTBA","content":"The three days of walkouts were announced ahead of the August bank holiday weekend, as BA was celebrating its 100th birthday. The airline was thrown into chaos as it struggled to cope with the deluge of customers attemd to apologise after it admitted that some passengers were mistakenly told by email that their flights scheduled on non-strike days had been cancelled. – Copyright The Financial Times Limited 2019","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Upcoming action set to affect 280,000 customers"},"display_date":"2019-09-06T10:55:04Z","headlines":{"basic":"BA faces more strikes if talks stall"},"promo_items":{"basic":{"_id":"LRYMDQVGKPZIPWWWK2L4Z3BSS4","auth":{"1":"114f6d1bf53b81c5b1a3cf20d502c730785cec92b0cb4cd18fb267b9c83d7f35"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/LRYMDQVGKPZIPWWWK2L4Z3BSS4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ba-faces-more-strikes-if-talks-stall-1.4009906","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"3YGWHC6BS2LC4CFQGGUNW5ODZ4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/public-asked-to-give-their-views-on-dublin-airport-plan-1.4006930","content_elements":[{"_id":"4HP3B57JUVDKXDYXCK2KJX3YPE","additional_properties":{},"content":"Fingal County Council is seeking the public's views on the draft local area plan for Dublin Airport.","type":"text"},{"_id":"KX4E33QJYRCWHNQROLMTVPOPC4","content":"The council says that the plan provides for the airport’s sustainable growth. It covers issues including land use, transport to and from the hub, and its impact on locals.","type":"text"},{"_id":"WPPP62P7WZDBHGTK35NIY3PNLQ","additional_properties":{},"content":"Fingal said on Tuesday that the plan is available at its offices in Swords and Blanchardstown, library branches or online. Anyone interested can make submissions by email or post. The deadline is October 15th.","type":"text"},{"_id":"QQ65HXEPYNC5VPWDJ6K66FZ76E","additional_properties":{},"content":"The north Dublin council is hosting two information evenings, one in the County Hall, Swords on September 18th and the second in the Radisson Blu, Dublin Airport on October 1st.","type":"text"},{"_id":"OZZ2GJSB2JHB5EFK5Z5WXMA3TM","additional_properties":{},"content":"Dublin Airport is Ireland's biggest and handled more than 31 million passengers last year. It is responsible for 80 per cent of international traffic into the Republic and more than 60 per cent for Ireland as a whole.","type":"text"},{"_id":"ROVJZEX6JVEIPDT76YB6E6EUJA","additional_properties":{},"content":"Its owner DAA intends expanding facilities to allow the airport to cater for up to 40 million passengers, a figure it is expected to hit in 2030.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Council says draft local area plan allows for airport’s sustainable growth into the future"},"display_date":"2019-09-03T20:22:13Z","headlines":{"basic":"Public asked to give their views on Dublin Airport plan"},"promo_items":{"basic":{"_id":"EEY6VVSU66SJ3ZVG4JWNDX65OM","auth":{"1":"bad0db619353a59d678de79dc99f9658331175abc08723b4233328945b39c450"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/EEY6VVSU66SJ3ZVG4JWNDX65OM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/public-asked-to-give-their-views-on-dublin-airport-plan-1.4006930","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"N7EJ5HQIA6NGHCPML2UAJMNJK4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/hotel-group-dalata-forecasting-record-revenues-in-september-1.4006135","content_elements":[{"_id":"7AUYBDXZWBCB5JOWYRSMZI27PE","content":"Dalata expects record revenue across a number of its hotels in September, the company’s chief executive said, after it posted results showing a 19 per cent increase in profit for the first half of the year.","type":"text"},{"_id":"4VL6NDKC4FG6JNGSFTDF25RR4Q","content":"The State’s largest hotel group said profit before tax increased to €42.2 million in the first six months of the year on revenues of €201.9 million, which were up 12 per cent compared to the same period in 2018 but slightly behind analyst forecasts.","type":"text"},{"_id":"ZQV3AMXO4BB2VMHZW4XEPUZM4U","content":"Chief executive Pat McCann told The Irish Times that room prices in its key Dublin market weren’t softening, with record revenues expected this month. Yet Dalata is unlikely to expand its portfolio here in the short term given its market share of about 20 per cent.","type":"text"},{"_id":"QVGCT2L67RGV3HXMPHEJ2BDLS4","content":"Instead, the company will continue to build out its UK portfolio in line with its stated aim to build up to 8,000 hotel rooms. That aim was helped by its announcement on Tuesday that it had acquired a site in Shoreditch, London, for £32.05 million (€35.17 million) that comes with planning approval for a new hotel. The site, which will be a Maldron hotel, will have between 130 and 140 rooms and is expected to open in early 2022. Dalata expects the total cost of development to be about £60 million.","type":"text"},{"_id":"6FE5UMUSZ5A6TK4ZL5XO7ETJ24","additional_properties":{},"content":"Mr McCann noted that expansion in regional Ireland appears unlikely except in Galway. The rest of Ireland, he said, is \"not sustainable for us\". The regional Ireland hotels portfolio posted a strong performance in the first half, with revenue per available room up 0.3 per cent to €66.32 and occupancy of 71.8 per cent. Total revenue rose 7.5 per cent to €38.5 million driven by the additional rooms with the opening of Maldron Hotel South Mall in Cork in December 2018 and the extension of the company's Maldron Hotel Sandy Road in Galway. That part of the portfolio took a hit, Mr McCann said, as a result of the loss of Norwegian Air flights to Shannon which was a \"big contract\" for the company's Limerick hotel.","type":"text"},{"_id":"WLPZZWJZFNHZRANQMFDO4D3D54","additional_properties":{},"content":"Dublin hotels","type":"header"},{"_id":"TQ2KYFDTOFGBXBZQVQUZ52J5GI","content":"Performance across the company’s Dublin hotels was slower in the period, with occupancy up marginally to 85.5 per cent while revenue per available room (RevPAR) actually fell by 0.5 per cent in the period to €106.57. That was a better performance than the market in general, which recorded a 1.4 per cent fall in RevPAR, the company said.","type":"text"},{"_id":"32HCCDGH5NEGVICDMYTHWOLWNY","content":"“Dublin is probably a little bit softer on a number of months but quite strong on others,” Mr McCann said, noting that July was weaker than the previous year in the capital as a result of fewer events scheduled.","type":"text"},{"_id":"WIG7U7Q5WZGVFDW7QSVSMDJXOE","content":"The company’s UK portfolio was again the bright spot, with RevPAR growth of 3.2 per cent and occupancy of 83.6 per cent. Total revenue rose to €39.9 million from €32.5 million the previous year. Its UK portfolio comprises eight Clayton hotels and three Maldron hotels.","type":"text"},{"_id":"MSP2PLWXT5GG7JGWDAKMTQMI3E","content":"“The outlook for the balance of the year looks very positive,” Mr McCann noted.","type":"text"},{"_id":"Y7UEUYITDJCLTGSR374WZPQRVA","additional_properties":{},"content":"In addition to its London acquisition, the company said it had signed another extension on its lease of the Ballsbridge Hotel which now expires on December 31st 2021.","type":"text"},{"_id":"WVTQXIZ3JNECNGTY73OFQ2ZP5E","additional_properties":{},"content":"Goodbody analyst Gavin Kelleher said the results were \"solid\" although he said the broker would be taking a more cautious view on Dublin's RevPAR prospects \"given management commentary on July and August trading\".","type":"text"},{"_id":"O5R3RAMS6NENXJQ3632ANZJN7Y","content":"The hotel group increased its shareholder dividend by 16.7 per cent to 3.5 cent per share.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Peter Hamilton"}},"name":"Peter Hamilton"}]},"description":{"basic":"Group controls Maldron and Clayton brands, and has acquired a London site for £32m"},"display_date":"2019-09-03T17:19:00Z","headlines":{"basic":"Hotel group Dalata forecasting record revenues in September"},"promo_items":{"basic":{"_id":"LKFNHRZOOULI6QZ3TQRAHJKA3Q","auth":{"1":"15c91f844c6ed5d9141119da68131cd2582d82ecb5b12de7ba8569981b12c164"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/LKFNHRZOOULI6QZ3TQRAHJKA3Q.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/hotel-group-dalata-forecasting-record-revenues-in-september-1.4006135","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"ABED6JS7VHMXLIQOSPKE3PYPQQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-passenger-numbers-up-8-in-august-1.4006153","content_elements":[{"_id":"GZ5N7TCD5NC2HOBZFOJ2BQ3JBA","additional_properties":{},"content":"Ryanair boosted its passenger numbers by 1.1 million in August despite the threat of strikes in key markets including Ireland and the carrying out of strikes elsewhere.","type":"text"},{"_id":"KNEASFZBNNGS7LAYVU4DKU77TM","content":"The budget airline said passenger numbers across the group rose 8 per cent in the month, a similar growth level seen in the earlier summer months.","type":"text"},{"_id":"YCBVMLYJVFANVNI5P2IDWTK6G4","content":"Ryanair’s load factor – a measure of how full its flights are – stood at 97 per cent at the end of the month in which it carried 14.9 million travellers. Its namesake airline accounted for the majority of that while Lauda carried 600,000 passengers.","type":"text"},{"_id":"R4V45F3UABHQRNTNYG4UCMW73M","content":"In the 12 months to August, Ryanair managed to grow its passenger numbers by 10 per cent and it carried 149.2 million people in the period.","type":"text"},{"_id":"EYB5A6D6G5ACBBWZPKETNK32ZE","content":"In August alone, the airline operated more than 81,000 scheduled flights.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Peter Hamilton"}},"name":"Peter Hamilton"}]},"description":{"basic":"Airline carried 149.2 million people in 12 months to end of August"},"display_date":"2019-09-03T16:44:00Z","headlines":{"basic":"Ryanair passenger numbers up 8% in August"},"promo_items":{"basic":{"_id":"VQCR7IXYDUTBVBW5LQ6JNPVYLI","auth":{"1":"cdc05c72a67efa20cff5cfc4599fdb291a90085625676a78eb4e39e3f8c5db82"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VQCR7IXYDUTBVBW5LQ6JNPVYLI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-passenger-numbers-up-8-in-august-1.4006153","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"FIA7DP57AKFVPBXTV5WJVIRCFE","additional_properties":{},"canonical_url":"/business/transport-and-tourism/tesla-drivers-reportedly-locked-out-of-cars-after-app-goes-down-1.4006238","content_elements":[{"_id":"FLSAIRLYCBFHTKMNOZEFEGND5Q","content":"Technology is wonderful until it fails you. Just ask Tesla drivers who were reportedly locked out of their vehicles for several hours yesterday after the app, which many use as a key, was taken down for maintenance.","type":"text"},{"_id":"EAFYVM6XRZGLPLJ3VT6W5G7TBU","content":"Stranded drivers took to Twitter complaining about the app and tagging the company with questions about when it would be restored. One woman in the US said she was forced to abandon her vehicle and a get an Uber home.","type":"text"},{"_id":"IXV2E4OUL5FETEKHOFXCA2H2N4","content":"Tesla owners are also issued a card which can be used as a key, but several indicated they rely on the app to get into and operate their vehicle, and do not keep the card on them.","type":"text"},{"_id":"PZLLJHO7IJAIRHPKCLQ3CVK374","content":"<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\"><a href=\"https://twitter.com/Tesla?ref_src=twsrc%5Etfw\">@Tesla</a> what’s the status of the network? I’m stuck at a supercharger, plugged in. Trying to get home with a dead key fob, was using the app to run the car. Now the system’s down for 3 hours. Help!</p>— Kristian Kicinski (@kkicinski) <a href=\"https://twitter.com/kkicinski/status/1168718758740803585?ref_src=twsrc%5Etfw\">September 3, 2019</a></blockquote> <script async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"><\/script> \r\n<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\"><a href=\"https://twitter.com/Tesla?ref_src=twsrc%5Etfw\">@Tesla</a> the app has been down for hours. Will somebody fix it?</p>— Dave Smith (@MailDave) <a href=\"https://twitter.com/MailDave/status/1168727909378379776?ref_src=twsrc%5Etfw\">September 3, 2019</a></blockquote> <script async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"><\/script> \r\n<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">The <a href=\"https://twitter.com/Tesla?ref_src=twsrc%5Etfw\">@Tesla</a> app is down! Server broke? Hacked? People's cell phone apps are claiming that they no longer have a car associated with the account, or cannot log in... <a href=\"https://t.co/aUbgUy4cuR\">https://t.co/aUbgUy4cuR</a></p>— Tesla lover (@AllElectrified) <a href=\"https://twitter.com/AllElectrified/status/1168719514474860550?ref_src=twsrc%5Etfw\">September 3, 2019</a></blockquote> <script async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"><\/script>","type":"raw_html"},{"_id":"6TJ2WYOI7FHGPLU7SNVKZ2326I","additional_properties":{},"content":"Some owners complained of waiting on hold for an hour for Tesla tech support on what was the Labor Day bank holiday in the United States. Others who signed out of the app and then back in again, were told there were no cars associated with the account.","type":"text"},{"_id":"SYNQKX6HG5ACLLJXGP2KYOGH2Q","content":"The outage began at about 4.30pm US eastern time and lasted for about four hours, according to one report.","type":"text"},{"_id":"DWETAWKBOJCZRD4UA4KH7HLSP4","content":"Tesla later sought to play down the incident, saying there was no impact to phone-as-key functionality as long as users remained logged into their accounts and that reports of an app outage were inaccurate.","type":"text"},{"_id":"QVFNO5YPABFKNDKRJ6IGPEUH5U","content":"“We provide owners with a few options to locking/unlocking and starting their vehicles, including a physical key fob or key card (which we have long encouraged owners to carry in case their phone dies), as well as the ability to use the Tesla mobile app, and Model 3 owners can use their phones as key,” a spokeswoman said.","type":"text"},{"_id":"3AYLMU2HCVEBFOMX5GXUBT36NE","content":"“ Starting around 4pm PST yesterday, Tesla’s mobile app was briefly unavailable. Full functionality was restored soon after,” she said.","type":"text"},{"_id":"BWZQNTMYJFH3PFWTAUUVNHVQ7A","content":"However, she said: “Because Model 3’s phone-as-key function uses Bluetooth Low Energy (BTLE) to communicate with the vehicle, full app functionality is not required in order to lock/unlock and start your car via your phone-as-key. The phone-as-key via BTLE functions separately from our in-app lock/unlock features, which require a cell signal and are not a primary means of entrance/exit and vehicle usage.”","type":"text"},{"_id":"I7ZWTQK3R5FBZK2NQUO5WWRA2U","content":"--","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Eoin Burke-Kennedy"}},"name":"Eoin Burke-Kennedy"}]},"description":{"basic":"Owners left stranded after app, which some use as keys, is taken down"},"display_date":"2019-09-03T16:37:00Z","headlines":{"basic":"Tesla drivers reportedly locked out of cars after app goes down"},"promo_items":{"basic":{"_id":"GPHXO7FNL3S27IAS3EH6CALVG4","auth":{"1":"02e7fd498d5658d846a97e0c57023db3b8f9dfbf00dfa98a2c0c129ddd86e5f7"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/GPHXO7FNL3S27IAS3EH6CALVG4.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/tesla-drivers-reportedly-locked-out-of-cars-after-app-goes-down-1.4006238","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"OEBIZRAJCD5T7K7ZV23MUSMFHU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/daa-to-seek-changes-to-restrictions-on-aircraft-movements-for-new-runway-1.4005587","content_elements":[{"_id":"RLWHAOWGJFEK3C6DW2ALZVC44E","additional_properties":{},"content":"Dublin Airport owner DAA is likely to apply shortly to Fingal County Council's Airport Noise Competent Authority to change planning conditions attached to its new runway after the body was formally established yesterday.","type":"text"},{"_id":"BZIS4XCVEJEAZHZS37Z6X7VPO4","additional_properties":{},"content":"From this month, Fingal has responsibility for the authority, which will \"assess current and predicted future levels of noise at Dublin Airport\" under legislation passed by the Oireachtas this year.","type":"text"},{"_id":"VIHYSFR2W5GF3IEA7FSCRZQNO4","content":"DAA is likely to apply to the new authority to change terms restricting aircraft movements at Dublin Airport to 65 between 11pm and 7am, and barring any planes from taking off or landing on its new north runway, which is now under construction.","type":"text"},{"_id":"CT4PX23QARFXXM45I5AEF7HCDI","additional_properties":{},"content":"An Bord Pleanála imposed the conditions in 2007 when it gave DAA permission to build the runway and they will apply once it is being used. However, the State-owned airport company says the terms would limit flights at its busiest times, between 11pm and midnight and 6am and 7am.","type":"text"},{"_id":"CNHQKVQBU5FMXHLTXM7HODXLMM","additional_properties":{},"content":"Fingal has appointed Gilbert Power, director of service with the north Dublin county council, as director of the Aircraft Noise Competent Authority, which will employ engineers, technical staff and administrators.","type":"text"},{"_id":"4II7CJLSMFGVVD6MQ5GIXWW74I","additional_properties":{},"content":"Data on noise","type":"header"},{"_id":"Z36H2LLVFVFZ3ALKUC7ACXEVDY","content":"Mr Power said that the body’s initial work would be to train staff and review existing data on noise at Dublin Airport.","type":"text"},{"_id":"P3WJD6FWDNCFDDQHIPGXGLD5UA","additional_properties":{},"content":"Minister for Transport Shane Ross nominated Fingal County Council as the noise regulator in 2017, but legislation was needed so the local authority could be appointed to the role.","type":"text"},{"_id":"6LII4PCS65H5RBGBVGD2ZWS2LY","content":"Under EU legislation, flights can be restricted only where other measures to ease aircraft noise will not work. Other measures can include using less noisy aircraft and landing approaches that cause less disturbance to locals.","type":"text"},{"_id":"5Y2CY26H5JAMHNQQVY2BK5V4MM","content":"County council interim chief executive AnnMarie Farrelly noted that the local authority already had a track record in managing the environment and planning, and would “now continue this in the area of aircraft noise regulation”.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Fingal County Council’s airport noise authority will be asked to alter planning conditions"},"display_date":"2019-09-03T04:34:11Z","headlines":{"basic":"DAA to seek changes to restrictions on aircraft movements for new runway"},"promo_items":{"basic":{"_id":"B3VB5XYXCTAKQ4TIHG6ZFSJ67U","auth":{"1":"dcd7240cad45847c4fc1d92a53c92dc5801fd0406f9a5238f81846a97a4eeb89"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/B3VB5XYXCTAKQ4TIHG6ZFSJ67U.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/daa-to-seek-changes-to-restrictions-on-aircraft-movements-for-new-runway-1.4005587","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"D4JXSDMVFHV2KS3LFFZV65TW4M","additional_properties":{},"canonical_url":"/business/transport-and-tourism/paddywagon-profit-declines-40-on-higher-operating-costs-1.4005436","content_elements":[{"_id":"D2H5OFT555FYVNVLPPLCPMMI5E","additional_properties":{},"content":"Higher operating costs at tour company Paddywagon resulted in pretax profit declining by 40 per cent from €1.22 million to €739,095 in the 12 months to the end of last October.","type":"text"},{"_id":"TRAKTPOLUVEJTOLAJM27QNTE6A","content":"Some 250,000 tourists travelled on Paddywagon last year, contributing to a 10 per cent rise in revenue to €12.38 million.","type":"text"},{"_id":"IILLW5TH7VABZJ4PRFBKUILPTE","content":"The business has 60 coaches in service and founder Cathal O’Connell said on Monday that revenue increased last year “due to expansion of routes, increase in number of tourists and significant improvement in marketing and logistical aspects of our business through experience”.","type":"text"},{"_id":"PYMA5F4YDVE6JBBASCIXCBPPQI","content":"The company has continued on its upward curve this year with passenger numbers up 15 per cent in the year to the end of June compared with the corresponding period in 2018-2017.","type":"text"},{"_id":"JW4GWTWQKVEAVL6LORNNFTW2YA","content":"Mr O’Connell attributed the decline in profit last year to increased costs in wages and administration.","type":"text"},{"_id":"GIWHKM5WAZAETDDSTGBDGJJA2A","content":"The company’s costs made up of sales and administrative expenses last year increased by 16 per cent from €9.89 million to €11.48 million.","type":"text"},{"_id":"43QKVTXXZFG5XNRJ6JRM4LFRVA","content":"The profits last year also take account of interest charges of €152,325.","type":"text"},{"_id":"C6M5USOSQZGBZBLDNUTYGGIM2M","content":"Numbers employed last year increased from 110 to 119 with staff costs increasing from €2.77 million to €3.14 million.","type":"text"},{"_id":"SWT4D5PXI5DNZG42E3VP67GO4A","additional_properties":{},"content":"Depreciation costs","type":"header"},{"_id":"EFY3JUW2J5CN5JG7KVBYFTGBBA","content":"The firm’s profits take account of non-cash depreciation costs of €1.16 million. Directors’ pay last year remained static at €150,000.","type":"text"},{"_id":"FC76QTQTZNDCJGLEE3XN7BGQKA","content":"Mr O’Connell said the company’s plan was to bring in all-electric buses to do day tours within range of Dublin.","type":"text"},{"_id":"PGPRK3Y4NJEFDCZYYGKNDIHDTM","content":"At the end of October last, the firm’s accumulated profit stood at €3.4 million – during the 12-month period the firm’s cash pile increased from €2 million to €2.1 million.","type":"text"},{"_id":"DG7Q55OJSVDF5EGXMWD2KWIDNE","content":"The business last year continued its expansion as it paid out €1.2 million for new assets and this followed a payout of €579,480 under the same heading in 2017.","type":"text"},{"_id":"W7HE7Z6P6RC7FKUDYWKJJDCWYM","content":"The company last year recorded a post-tax profit of €624,550 after paying corporation tax of €114,545.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Gordon Deegan"}},"name":"Gordon Deegan"}]},"description":{"basic":"Revenue climbs 10 per cent at tour operator"},"display_date":"2019-09-02T16:52:47Z","headlines":{"basic":"Paddywagon profit declines 40% on higher operating costs"},"promo_items":{"basic":{"_id":"YEID3FT4YJQ6SBTE2BEB47L5BI","auth":{"1":"6bdbdbf2d4d7c456d637a2bfd084d01ddb2f59239d7d5fc5538c71533eadce6f"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/YEID3FT4YJQ6SBTE2BEB47L5BI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/paddywagon-profit-declines-40-on-higher-operating-costs-1.4005436","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"A4HDFKINYE36NKSGZHMXDKNA6A","additional_properties":{},"canonical_url":"/business/transport-and-tourism/bluestone-raises-additional-48m-in-latest-security-issuance-1.4005325","content_elements":[{"_id":"U3BJJ3HBHZA4NBOZM2X3MS4MXM","additional_properties":{},"content":"Bluestone Motor Finance has raised an additional €48 million in Ireland through another asset-backed security issue.","type":"text"},{"_id":"MH4SBVC4BJAYTM6XBN46X3SRU4","content":"The car finance company said the latest transaction involves the issuance of listed securities backed by 2,479 loan agreements originated by Bluestone during 2019 and was secured on a mix of new and used motor vehicles and light commercial vehicles.","type":"text"},{"_id":"FFV4QQAIDZCV3JQ7CZAI25TQ4E","additional_properties":{},"content":"Bluestone has been operating in the Irish market since 2011, when it bought a €350 million asset finance portfolio from Bank of Scotland. It has raised more than €200 million in six asset-backed security issues.","type":"text"},{"_id":"WQTI36F2VJETPA6KHGWP6EN6DE","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/672209156&color=6295d9\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"JSBHJDAQVRCVFL5KSUJ7DVHOM4","content":"The completion of this securitisation brings the total securitisation volume under the programme to €212 million, it said. The bonds were placed with institutional credit funds in the UK and were priced inside Bluestone’s previous Topaz issuance, it said.","type":"text"},{"_id":"NKMHFPF3QVC3RKSMYP3FLEKXXI","additional_properties":{},"content":"\"We have seen sustained growth in demand over the last 12 months with volumes increasing 20 per cent year on year,\" said Bluestone managing director Donal Murphy.","type":"text"},{"_id":"DKFZPMVXTFDLTJI7FTRI57DZXU","content":"“Overall, the car sales market in Ireland remains strong due to rising disposable incomes. The dip in new car sales is being balanced by the substitution impact of increased second-hand car sales,” he said.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Transaction involves listed securities backed by 2,479 loans, says car finance company"},"display_date":"2019-09-02T15:20:16Z","headlines":{"basic":"Bluestone raises additional €48m in latest security issuance"},"promo_items":{"basic":{"_id":"ZUGUDWX7PYYURJPIY6AYPHJBUI","auth":{"1":"d4be3deea1c3878b3ccb3815af7198603c271a47e685127c959bf6b003af2c91"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/ZUGUDWX7PYYURJPIY6AYPHJBUI.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/bluestone-raises-additional-48m-in-latest-security-issuance-1.4005325","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"ZUWPQWDY4QOSBIQPE5CHUSALYA","additional_properties":{},"canonical_url":"/business/transport-and-tourism/connolly-motor-group-acquires-hyundai-dealership-in-galway-1.4005054","content_elements":[{"_id":"CYA4DKFDHRB2NJQFMQ537KMUFY","additional_properties":{},"content":"Connolly Motor Group has acquired the Hyundai dealership in Ballybrit, Co Galway, expanding its workforce to 280.","type":"text"},{"_id":"AOLD2ANSB5E23CK6V2ZBKKPSAI","additional_properties":{},"content":"The deal will also mean Connolly Motor Group takes over the Hyundai service centre in Oranmore. The company said it expects to grow staff numbers in Galway as it builds on its investment.","type":"text"},{"_id":"PCWPBPFPPRFJFGROQORL4KBSOM","additional_properties":{},"content":"Connolly Motor Group, one of the largest in the State, is run by brothers Kevin and Neil Connolly. It operates car dealerships across Galway, Mayo and Sligo, selling more than 5,000 retail cars annually.","type":"text"},{"_id":"GNZODPXPQ5HPPOKIKJBJNYAL6U","additional_properties":{},"content":"<iframe frameborder=\"no\" height=\"166\" scrolling=\"no\" src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/672209156&color=6295d9\" width=\"100%\"></iframe>","type":"raw_html"},{"_id":"JBNUIWQQWNGBHIUDE5UYNGCIQQ","additional_properties":{},"content":"\"I hope that with our new relationship with Hyundai we can continue to build upon what is already a prominent and well-respected company within the motor industry,\" said director Kevin Connolly.","type":"text"},{"_id":"MHYBTEA42BGPNK7KZ5KQUJP42U","content":"“This is another strategic acquisition for our business, further strengthening our offering to our customers in the west and creating economies of scale in a highly-competitive market,” he added.","type":"text"},{"_id":"WN2LRRVVBJCY5IXKJ3OXI5HWNE","additional_properties":{},"content":"Managing director of Hyundai Ireland Stephen Gleeson said: \"We are delighted to welcome Connolly Motor Group to the Hyundai family. Hyundai is Ireland's fastest growing car brand over the last 10 years and the fit between both companies in terms of expansion and ambition is very clear.\"","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Motor group, one of largest in State, says acquisition will increase its workforce to 280"},"display_date":"2019-09-02T09:06:08Z","headlines":{"basic":"Connolly Motor Group acquires Hyundai dealership in Galway"},"promo_items":{"basic":{"_id":"F5NUEJAEHD7OWV3KIS5TAQTMGQ","auth":{"1":"aa947bb1decb053365679bdade103d76e58feeedcf26419b76ca345d7110cddc"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/F5NUEJAEHD7OWV3KIS5TAQTMGQ.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/connolly-motor-group-acquires-hyundai-dealership-in-galway-1.4005054","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"ZQPLCC2L353M6PMCZVM73EOV54","additional_properties":{},"canonical_url":"/business/transport-and-tourism/sisk-plans-to-invest-2-8m-in-electric-company-cars-1.4004313","content_elements":[{"_id":"NNONLYSIPVE7RH47DVM3FJONLA","content":"Irish construction company John Sisk & Son has announced that it’s going to invest some €2.8 million on more than 100 electric vehicles (EVs) for its company fleet over the next four years.","type":"text"},{"_id":"SHBP2JQIAVBHDJZLB45GMIEDKE","content":"The company said it was “part of a company-wide drive to enhance energy efficiency”. The move is expected to yield savings of €450,000 annually, much of which will come from a reduction in expenditure on diesel fuel. Thanks to the Government’s electric car incentives, Sisk will also be able to deduct the full cost of the cars from its profits in the year of purchase, rather than claiming against tax over a period of eight years.","type":"text"},{"_id":"5ZN3OQEZL5E7RD46KFXNGBKE74","content":"On top of the investment in vehicles (which will include company car offerings to all employees who qualify), the company has also said it will invest some €80,000 in installing fast-charging points at its offices and construction sites around the State.","type":"text"},{"_id":"427L5VICW5DBVCMGHEJAFV6GVY","content":"Commenting on the initiative, Ian O’Connor, energy manager at Sisk, said: “This is an exciting initiative that showcases Sisk’s commitment to energy efficiency and carbon reduction. More than a quarter of our current energy consumption is attributed to our fleet. The switch to electric cars and vans can significantly reduce this so it is an obvious progression for our business.","type":"text"},{"_id":"7KUIIMRSZRFUNGBI23DXO7JRJA","content":"“As a company, we are investing significantly in energy efficiency to improve the way we do business. EVs are just one of a number of initiatives we are rolling out as part of that commitment. Our ambition is to make energy efficiency part of the business culture in Sisk and across the industry.","type":"text"},{"_id":"OLPJN6OJENFVZGOLPILXTO4UHM","content":"“It is our belief that implementing effective energy management will filter through to our subcontractors and supply chain, transforming the construction industry.”","type":"text"},{"_id":"MEWOWM5W4BAIXAFNWCZFAIQGMY","content":"Sisk has estimated that the EV car move will reduce its overall company emissions by 560 tonnes. By its own calculations, Sisk’s total corporate emissions come to 20,240 tonnes of CO2 equivalent.","type":"text"},{"_id":"Y6EGQ3NYTZCU7FGAJP5CTO7YAM","content":"“Sisk has recognised that the carbon emissions of the construction process are significant and is embarking on a process to reduce this,” a spokesman said. “Other projects we are working on include energy efficient site accommodation, utilising big data through plant telematics to effectively measure and reduce diesel consumption, and trials of hybrid power generators. In addition to this, Sisk has mandated that all timber used on our sites is procured from certified sustainable sources.”","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Neil Briscoe"}},"name":"Neil Briscoe"}]},"description":{"basic":"EV move acknowledged as first step on the road to decarbonisation"},"display_date":"2019-09-02T04:29:56Z","headlines":{"basic":"Sisk plans to invest €2.8m in electric company cars"},"promo_items":{"basic":{"_id":"FSY4DW3H6QGQ555M4J3L4NO5OY","auth":{"1":"d21f19bb5c6e37d149769af0a5469ac0cb14c9cd4140bcada4dbf265f7145a3d"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/FSY4DW3H6QGQ555M4J3L4NO5OY.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/sisk-plans-to-invest-2-8m-in-electric-company-cars-1.4004313","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"K4BO4EVCQ2XH4DVXMXBQCKBBV4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/job-cuts-first-item-on-agenda-for-new-ryanair-dac-chief-1.4002874","content_elements":[{"_id":"BCWU3UEZFVB53NAQKHWUS667GU","additional_properties":{},"content":"There is more to running an airline than industrial relations, but that has been one of the big stories at Ryanair since December 2017, when it agreed to recognise trade unions. The move thrust chief people officer Eddie Wilson into the spotlight as he led talks with organisations representing pilots and cabin crew across Europe.","type":"text"},{"_id":"EM2DHWPCPZGMRPMLWCMJBDXUSU","additional_properties":{},"content":"Ryanair has done deals with most of them, although it faced industrial action here, and Portugal, Spain and the UK this summer. Wilson was quoted in newspapers and on radio and television this month after the airline got a High Court order halting a strike by members of the Irish Airline Pilots' Association, part of trade union Fórsa.","type":"text"},{"_id":"UV7XQJCL4JCDRKDDPLC2BTA43Y","additional_properties":{},"content":"Wilson's new job means that the public could see more of him. He is taking over as chief executive of Ryanair DAC, the biggest constituent airline of Ryanair Holdings, which is the parent of that carrier, Buzz in Poland, Lauda in Austria and Malta Air.","type":"text"},{"_id":"6RTVRDTT5FBHFIGTQ7BU7NMDJA","content":"Dubliner Wilson (55) will run the Ryanair known to most Irish people and the one that is a familiar sight around Europe. It is responsible for most of the 150 million people that will have flown with the group over the 12 months to March 31st.","type":"text"},{"_id":"LYZW6DWGE5FW5AUZFTK7CYA22Y","content":"Michael O’Leary has been chief executive of that business for 25 years, but signed a new contract this year to run the holding company from April 1st, 2019, which he is doing with a small team of legal and financial executives.","type":"text"},{"_id":"XEQLP2QOWFABFFQ4SQ4NXLCPOQ","content":"Ryanair DAC is likely to remain the largest part of the group, but will compete with the others for cash and craft from the parent, which O’Leary said could look at buying other airlines.","type":"text"},{"_id":"B4652EO355FG5GHEEOY6T5KE3I","additional_properties":{},"content":"Wilson's first challenge could be to oversee Ryanair DAC's share of the up to 900 pilot and cabin crew jobs that the group plans to cut this winter as it slows growth in the face of delays in the delivery of new Boeing aircraft.","type":"text"},{"_id":"7HEGQZC6B5D57MFOVED7GBJFU4","content":"While there may be more to running an airline than industrial relations, a knowledge of it could help Wilson in coming months.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Eddie Wilson’s experience in industrial relations set for early test as job cuts loom"},"display_date":"2019-08-31T08:00:04Z","headlines":{"basic":"Job cuts first item on agenda for new Ryanair DAC chief"},"promo_items":{"basic":{"_id":"WEXGQVOJGJBVKV3AHOIEUNVALU","auth":{"1":"55a7b1181ea8a53297aff64e842e314c141719113695f59720c269e01eaa8159"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/WEXGQVOJGJBVKV3AHOIEUNVALU.jpg"}},"subtype":"opinion","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/job-cuts-first-item-on-agenda-for-new-ryanair-dac-chief-1.4002874","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"H4T5HJPVJLK7XDTEKWLUO2KSMY","additional_properties":{},"canonical_url":"/business/transport-and-tourism/ryanair-appoints-eddie-wilson-as-ceo-of-airline-1.4002429","content_elements":[{"_id":"JRS7Y2XXZ5F2FN7TCIUTMFDZI4","additional_properties":{},"content":"Ryanair chief people officer, Eddie Wilson, will succeed Michael O'Leary as chief executive of the group's biggest airline, Ryanair DAC, from this weekend.","type":"text"},{"_id":"RM7H4CGG2VDSXOG5GRRZWPNSNQ","content":"Ryanair has restructured itself as a holding group company comprising several airlines, with Mr O’Leary as overall chief executive.","type":"text"},{"_id":"2JM4QZBR7ZBEPCGUN5P2JAHXEM","additional_properties":{},"content":"Mr Wilson will take over as chief executive of Ryanair DAC, the biggest carrier within the group, succeeding Mr O'Leary, who will run the parent, Ryanair Holdings.","type":"text"},{"_id":"EU6RNDC4UFAJBNLYVWXAQWRP7U","content":"Confirming the news, Mr O’Leary told staff in a note that Mr Wilson would take up his new role immediately, “and this will start a transition process over the next three months of taking over from myself”.","type":"text"},{"_id":"KXBEH2ZDRZEDZFNVC7LAHADAFI","content":"Ryanair DAC’s senior executives will report to Mr Wilson, beginning next Monday, September 1st, at the airline’s weekly management meeting.","type":"text"},{"_id":"22ZU4SFCMNENXOJ42VX3WD6FCM","content":"His succession begins as the group faces fallout from Brexit and prepares to cut up to 900 pilots and cabin crew – from a total of 15,100 – as a result of delays in the delivery of Boeing’s 737 Max. The hold-up has slowed Ryanair’s growth plans.","type":"text"},{"_id":"TSJNG524BJB4LGA6L3W73AALAU","content":"Mr Wilson (55) is a 22-year Ryanair veteran, who as chief people officer, has led negotiations with pilot and crew unions that Ryanair recognised in late 2017.","type":"text"},{"_id":"THFHBSXSOFAOJBM6MY4FO6BESM","additional_properties":{},"content":"Industrial action","type":"header"},{"_id":"7ZSPXZNBVFGSDA4VG4VEIPEYXQ","additional_properties":{},"content":"He was in the news most recently when Ryanair succeeded in getting a High Court order halting a strike by Irish-based pilots. The airline has also faced industrial action in Portugal, Spain and the UK this summer.","type":"text"},{"_id":"X4UKLENTBVHZDFTB3556WM2RFY","additional_properties":{},"content":"Mr Wilson joined the airline as head of personnel in 1997 from computer manufacturer, Gateway 2000, where he was human resources manager. Ryanair named him chief people officer in December 2002.","type":"text"},{"_id":"6GAUPCP64ZH53NEQMKDYRNAJGM","additional_properties":{},"content":"He will report to Mr O'Leary, alongside the chief executives of the other airlines, Michal Kaczmarczy of Polish subsidiary, Buzz, Andreas Gruber of Austrian carrier, Lauda and Diarmuid O'Conghaile of Malta Air, Ryanair Holdings' latest addition.","type":"text"},{"_id":"IMQTE43IOJA6NGFLGZFGWKJ55U","additional_properties":{},"content":"Mr O'Leary announced in February that Ryanair would move to a structure \"not dissimilar\" to that of International Consolidated Airlines' Group, owner of Aer Lingus, British Airways and Spanish carriers, Iberia and Vueling.","type":"text"},{"_id":"M5C3GRA3FBBNBIK7BG5665SRN4","content":"The individual Ryanair group airlines will compete with each other for cash and craft allocated by the parent. Mr O’Leary predicted that this approach would save money and allow the organisation make further acquisitions.","type":"text"},{"_id":"4RI2MCZUBFDYTPDP3ACXHLV7SE","content":"Irish-based Ryanair DAC is the biggest airline within the group, responsible for most of its 470 craft, 2,400 daily flights and the 150 million-plus passengers its expects to fly in the 12 months ended March 31st, 2020.","type":"text"},{"_id":"4VPYHL63WRHVJF5JXC52X6HCOE","content":"Buzz has 25 of the group’s craft, Lauda has 16 while Ryanair intends moving 60 planes to Malta Air’s airline licence.","type":"text"},{"_id":"HSST2UAXBVD4JBTYNEXQ774WME","content":"Mr O’Leary said on Friday that since he joined Ryanair, Mr Wilson had contributed hugely to the airline’s growth from three million passengers a year to more than 150 million.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Barry O'Halloran"}},"name":"Barry O'Halloran"}]},"description":{"basic":"Michael O’Leary will remain as overall chief executive of group holding company"},"display_date":"2019-08-30T17:04:20Z","headlines":{"basic":"Ryanair appoints Eddie Wilson as CEO of airline"},"promo_items":{"basic":{"_id":"Y5FVY3AFYRBJUUSZQDAJMINEVY","auth":{"1":"b61881e98df725b2d356ad113a2b789bde77dca0743913c7ed78e96b39017d4c"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/Y5FVY3AFYRBJUUSZQDAJMINEVY.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/ryanair-appoints-eddie-wilson-as-ceo-of-airline-1.4002429","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"MFKYD6NTGIGZHQXA5EBHEDPVKM","additional_properties":{},"canonical_url":"/business/transport-and-tourism/shane-ross-seeks-public-s-views-on-funding-for-regional-airports-1.4002371","content_elements":[{"_id":"RCKOA5ZHBRGBZESN23QDLP74BY","additional_properties":{},"content":"Minister for Transport, Tourism and Sport Shane Ross is reviewing the funding model for the four regional airports dotted around the State.","type":"text"},{"_id":"JS7YAM63ZBE45MDD3UOIRMULQU","content":"The Minister has published a paper for consultation on the development of the next regional airports programme which is designed to ensure that air connectivity can be provided to the Republic’s more isolated regions.","type":"text"},{"_id":"DIQAR3WE6FGZLC4AJIYMGSJCMM","additional_properties":{},"content":"Under the existing programme, funding is granted in a variety of ways to Donegal Airport, Kerry Airport, Waterford Airport and Ireland West Airport Knock.","type":"text"},{"_id":"OQ57CYY7KVAX5DPXV5LBYZDOOY","content":"Mr Ross is seeking views on the “effectiveness of current support measures” and suggestions to consider on “the need for something different”.","type":"text"},{"_id":"HDU77M23GJB6BGSC4FAMFSOWPE","additional_properties":{},"content":"While the extent of any change from the existing programme remains to be seen, previous reviews have made a variety of recommendations. A recent Department of Finance review found that Knock airport offers the greatest potential to become self-sustaining.","type":"text"},{"_id":"LBS76NS5WZBQRKTKGJLDXGD4JI","content":"It also said Kerry Airport’s proximity to Cork and Shannon should be examined, and referenced a 2010 report which argued that the public service obligation (PSO) flights from Dublin to Kerry should be ended and only the service to Donegal should remain.","type":"text"},{"_id":"4JDYV26SAFHE5MEFN2RAC7RMVU","additional_properties":{},"content":"Runway expansion","type":"header"},{"_id":"BHHP7LLJWJG3ZKAP24VMGHERC4","content":"As for Waterford Airport, which hasn’t had commercial flights for three years, it would appear as though the department remains committed to supporting it, having granted €5 million in taxpayer support in June to the facility for a runway expansion.","type":"text"},{"_id":"DWYHWYAJUJFH3J5YPRY2APNYBY","content":"Between 2015 and 2018, the State gave funding of €23.8 million to the four regional airports. Knock Airport received the highest amount, €11.4 million in capital and operational grants, while Donegal received the least at just under €3 million. However, the PSO support for flights between Dublin and Donegal cost the State a further €14.8 million while the Dublin to Kerry route cost €15.1 million between 2015 and January 31st this year.","type":"text"},{"_id":"6UCMBPRCZJCZLIQBUWGHATMTCE","content":"Under European state aid rules, airports with fewer than one million passengers must contribute at least 25 per cent to capital investments, while they must contribute at least 20 per cent for operational funding.","type":"text"},{"_id":"QABCWEVGSVCFVL3XKEFGY7LQOU","additional_properties":{},"content":"Questionnaire","type":"header"},{"_id":"HMOU7ER3GBDTJCVY3ZZZCIFSBA","content":"The Department’s “issue paper”, released on Friday, sets out the position of the existing programme and includes a questionnaire to guide responses from stakeholders.","type":"text"},{"_id":"I6SDOIB2TBHB5KZCN6EDWO2XXU","content":"Mr Ross said he hopes the consultation will contribute to the design of optimal, cost-effective measures in support of regional airports. “Securing best value for money in the deployment of exchequer funds will also be crucial,” he said.","type":"text"},{"_id":"YLMNTNU7KJFLPCMR47F53CTXWM","content":"The public consultation will end on September 30th and Mr Ross will bring forward a draft regional airports programme later this year.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Peter Hamilton"}},"name":"Peter Hamilton"}]},"description":{"basic":"Between 2015 and 2018, four regional airports received State funding of €23.8m"},"display_date":"2019-08-30T10:30:45Z","headlines":{"basic":"Shane Ross seeks public’s views on funding for regional airports"},"promo_items":{"basic":{"_id":"LKFHBWQYKPPMSQUXBUM7OB5NEU","auth":{"1":"5565791c450868e4c3edcc8a0a58b2bdd5ee8de7efb48a1a1401937751acbc46"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/LKFHBWQYKPPMSQUXBUM7OB5NEU.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/shane-ross-seeks-public-s-views-on-funding-for-regional-airports-1.4002371","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"BTOTWUTTM4EK74EGZWNO3B42AQ","additional_properties":{},"canonical_url":"/business/transport-and-tourism/irish-continental-revenue-rises-but-schedule-changes-hit-non-freight-business-1.4001005","content_elements":[{"_id":"R53JASIAZNAXDELD33BKSMSESI","additional_properties":{},"content":"Revenue at Irish Continental Group rose 6 per cent in the first six months of its financial year, but the ferry group took a hit as scheduling changes reduced revenue and volumes.","type":"text"},{"_id":"XVG4LPCORFC4NJUCB2MI36ZVDA","content":"Although ICG’s freight business showed more than 7 per cent growth in both roll-on roll-off freight and the number of containers shipped, car volumes were down 5.7 per cent, while the number of passengers fell by 4.7 per cent.","type":"text"},{"_id":"7DV6N4MVCJHKLOHQWBZN7JLUVY","additional_properties":{},"content":"ICG said the decline was due to a number of factors, including the decision to withdraw the Dublin Swift fast-craft services on the Dublin/Holyhead route over the winter months, and a curtailment of fast-craft services during May 2019 to allow for work to improve future operational performance of the Dublin Swift. A delay in opening ICG's booking system for car bookings on the direct France services also had an impact.","type":"text"},{"_id":"VURVNBDJLVDIJI6VCHE32ZZDZE","content":"In the six months to June 30th, ICG said revenue was €166.8 million compared with €157.2 million in 2018. The first six months of the year are considered seasonally less profitable.","type":"text"},{"_id":"2VZPTKSSAJFMDE2IFYUUWPIWQU","content":"Earnings before interest, tax, depreciation and amortisation (Ebitda) was €30 million, up almost 15 per cent year on year from €26.1 million in the same period of 2018. However, adjusted earnings per share fell nearly 40 per cent, at 4.9 cent compared with 8.1 cent in the first six months of 2018.","type":"text"},{"_id":"Y4OYVXIPEZH5PIU24QZERQFI7U","content":"Fuel costs were also higher during the period, rising by almost 14 per cent to €25.5 million.","type":"text"},{"_id":"HNVDY2J3P5H3LNXY6MWH7TE3QE","additional_properties":{},"content":"The six-month period saw the introduction of the €155 million WB Yeats cruise ferry on scheduled services with Irish Ferries in January 2019, and the sale of the Oscar Wilde in April 2019 for a deferred consideration of €28.9 million.","type":"text"},{"_id":"X24AYUZWD5A5VCUR7HONVJDI5Y","additional_properties":{},"content":"Container","type":"header"},{"_id":"ZJAUSOMBLNGYFPZXNXSTDNKEIE","content":"The company also expanded its owned container fleet to five vessels with the acquisition of Thetis D.","type":"text"},{"_id":"ZSWFDQSETRC53LRCPVUPBXMWIE","content":"The company announced an interim dividend of 4.42 cent, up 5 per cent compared with the same period in 2018.","type":"text"},{"_id":"X2VMSX7PINENJNQ5Z2SLC322TM","additional_properties":{},"content":"\"Growth in all our businesses has continued over the period since June 30th,\" said chairman John B McGuckian. \"While we remain positive for continued revenue growth more uncertainty than usual exists in relation to geopolitical tensions and the mechanism for the proposed exit of the United Kingdom from the European Union. Both these uncertainties have the potential to affect growth in the economies in which we operate. Notwithstanding, the group remains in a strong position to pursue further opportunities.\"","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Ciara O'Brien"}},"name":"Ciara O'Brien"}]},"description":{"basic":"Ferry group introduced its €155m WB Yeats cruise ferry on scheduled services in January"},"display_date":"2019-08-29T06:58:20Z","headlines":{"basic":"Irish Continental revenue rises but schedule changes hit non-freight business"},"promo_items":{"basic":{"_id":"CAEL4BQZ3KTX6DQJAEQLRPK7WM","auth":{"1":"2d68dac58f862b59d9854cedbe9b45dadbb638882ce66a51abb061fc365ced3b"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/CAEL4BQZ3KTX6DQJAEQLRPK7WM.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/irish-continental-revenue-rises-but-schedule-changes-hit-non-freight-business-1.4001005","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"GD5ZWLOLYXU6QLH4ZLCCTLQLSU","additional_properties":{},"canonical_url":"/business/transport-and-tourism/one-more-round-for-drinks-industry-s-campaign-for-tax-cuts-1.4000383","content_elements":[{"_id":"Y47O3GTRZBC3TA4BR2TXNIW6JM","content":"It is that time of year again, when all varieties of lobbyist and vested interest group release their wishlists ahead of the October budget.","type":"text"},{"_id":"EUERIRNPC5BPZPKARLP6254IUA","content":"The Drinks Industry Group of Ireland (Digi) has been campaigning for a cut in alcohol taxes for the last five or six years. To date, it has had little success. But it isn’t giving up the ghost and on Wednesday it released a report on the sector’s economic impact across the State to back up its call for a cut in excise taxes.","type":"text"},{"_id":"CNFGLFA7PNAEDN5YKK2AQKGVFA","additional_properties":{},"content":"Digi is an umbrella group that includes various vintners' associations and hospitality trade groups. But it is primarily a vehicle for the major multinational drinks manufacturers that operate here.","type":"text"},{"_id":"TEMP3CG27ZACZCBAQOVLBW7IVI","content":"The group is arguing for a 7.5 per cent cut in excise in the budget, followed by another 7.5 per cent cut the following year. It argues that the wider hospitality industry, which sells large volumes of alcohol in bars and restaurants, is under threat from a possible no-deal Brexit.","type":"text"},{"_id":"O3T4WSHG2ZASDJRK5IETP47MFI","additional_properties":{},"content":"Hospitality businesses","type":"header"},{"_id":"MQKUDR3P5NFMNLNJMTSWR5FD54","content":"Ireland has some of the highest alcohol taxes in Europe. Digi says a cut in those taxes would provide a fillip for struggling hospitality businesses by lowering their costs. Mostly, of course, it would benefit the large drinks companies that shift huge volumes of alcohol in this market and control the supply to publicans.","type":"text"},{"_id":"5VYVNEF7O5BLZLHJCX7JWJNOTM","content":"Its proposal for a cut in drink taxes would be a hard sell at any time, not least in a year when State resources must be rationed to cope with the far-reaching effects of a hard Brexit.","type":"text"},{"_id":"EKNIFO3DFZDITD43OV3BL4R5DM","content":"Irish public policy has for many years veered towards discouraging the consumption of alcohol, not giving it a boost. It is optimistic, to say the least, for the drinks industry to believe its arguments will now hit home.","type":"text"},{"_id":"QT236RJF3NASXL3SL3ZPO2ASDU","content":"The drinks manufacturing industry directly employs about 6,000 people across the State. Most of the manufacturing companies that employ those workers, however, are foreign-owned multinationals.","type":"text"},{"_id":"EQ2BDTAQLRFWJM6VRMCWXYX2UM","content":"It would take a brave government to give them a taxpayer-funded stimulus when there are so many other demands on State resources in the year of Brexit.","type":"text"}],"content_restrictions":{"content_code":"metered"},"description":{"basic":"Cantillon: Drinks Industry Group of Ireland call for less tax unlikely to be entertained"},"display_date":"2019-08-29T04:12:06Z","headlines":{"basic":"One more round for drinks industry’s campaign for tax cuts"},"promo_items":{"basic":{"_id":"GA4ZHSRD5PHOKWHSOQLAQJKEAU","auth":{"1":"821a9b8e523090cc19f14311a19229d404efcec90877919193054b61f24dbcdd"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/GA4ZHSRD5PHOKWHSOQLAQJKEAU.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/one-more-round-for-drinks-industry-s-campaign-for-tax-cuts-1.4000383","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"FBA2BLFS4NGRMED576IJYTYTJ4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/fota-records-losses-as-it-increases-investment-1.4000217","content_elements":[{"_id":"KXISS5NRVBENPIXVSDOEOHRYMQ","content":"The Hong Kong-owned firm that operates the Fota Island resort in Cork recorded losses last year of €386,827 as the company further invested in the facility..","type":"text"},{"_id":"J4ULJ5SUXJC65N2SRKYK7LBEEI","additional_properties":{},"content":"The loss for the operator, Xiu Lan Hotels Ltd in the 12 months to the end of September last takes account of non-cash depreciation costs of €1.08 million and interest payments of €365,466.","type":"text"},{"_id":"GIKF6ET6GBFF7K7XFSYN5ZK2GE","content":"A spokesman for Fota said on Wednesday that the business last year saw steady growth in revenue.","type":"text"},{"_id":"FCTMPUONMNC5TPLWTHUPWGW63Y","content":"“Management were happy to see another busy trading year with a mix of new and returning guests and growth in the Northern European market.”","type":"text"},{"_id":"IJCBU5VUHVBUHLKEN7UST4MPSM","content":"On the resort’s 2019 performance, the spokesman said: “The resort is continuing to trade well with similar visitor numbers to the previous year. The VAT increase has seen an impact on revenue growth.”","type":"text"},{"_id":"REFXVZC2A5DFDNEYVPEUNILWI4","content":"In 2013, the Kang family purchased the resort for a reported €20 million and they quickly followed that purchase by snapping up the Kingsley Hotel in Cork for €6 million.","type":"text"},{"_id":"V7V2N52YZNBJ5L5A2FKOXFSMTQ","content":"The resort employs over 300 people . The increased investment in the resort resulted in the book value of its tangible fixed assets increasing from €13.3 million to €13.6 million. Directors’ remuneration at the firm last year totalled €268,850. Shareholder funds at the firm amounted to €1.5 million.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Gordon Deegan"}},"name":"Gordon Deegan"}]},"description":{"basic":"Resort points to steady growth in revenue"},"display_date":"2019-08-28T15:52:31Z","headlines":{"basic":"Fota records losses as it increases investment"},"promo_items":{"basic":{"_id":"HPURXVF574IKPCNTPJQ2TEOBQA","auth":{"1":"cb6c8b16e64c7fd65ad0a0ed5a4a72870915aab9bd4522a6174fd107150f4659"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/HPURXVF574IKPCNTPJQ2TEOBQA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/fota-records-losses-as-it-increases-investment-1.4000217","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"PMU2LWJWWK3ZIFPKNG3W3UIS7U","additional_properties":{},"canonical_url":"/business/transport-and-tourism/drinks-industry-says-it-is-not-appreciated-enough-by-government-1.4000082","content_elements":[{"_id":"YAF56ET4NBBFNF57YBORRR2O34","content":"The drinks industry has accused the Government of not showing the sector enough “appreciation”, as it kicks off its annual campaign for a budget decrease in alcohol taxes.","type":"text"},{"_id":"ALFRBQTNXZDD5PTHKLQJIHGSO4","additional_properties":{},"content":"The Drinks Industry Group of Ireland (Digi), an umbrella group of the large drinks manufacturers and hospitality industry lobbyists, has released an economic report that says the sector accounts for almost one-in-ten of all jobs in the Border region.","type":"text"},{"_id":"YSIEP7VJBVAPNAIRRHPUTJ527Q","additional_properties":{},"content":"Digi warned a No Deal Brexit will lead to layoffs and closures. The group also accused the Government of ignoring the sector's contribution to the economy, and called for a 7.5 per cent cut in excise in Budget 2020.","type":"text"},{"_id":"EL2V4BWU6JCIRIP667G535TPBY","additional_properties":{},"content":"\"The Government is not doing enough to incentivise this industry and does not seem to view the sector with enough appreciation or understanding. This attitude will prove disastrous if the UK leaves the EU without a deal in October,\" said Rosemary Garth, the chair of Digi and a senior executive of Irish Distillers.","type":"text"},{"_id":"D2VJXTYUGFB37KOM5PDLHZWFHQ","additional_properties":{},"content":"Digi has released a report on regional employment in the drinks and hospitality sector by Dublin City University economist, Tony Foley. It says that 70 per cent of all drinks manufacturing jobs are located outside of Dublin, and that these 4,100 jobs in rural Ireland are \"highly vulnerable\" to a No Deal Brexit.","type":"text"}],"content_restrictions":{"content_code":"metered"},"credits":{"by":[{"additional_properties":{"original":{"byline":"Mark Paul"}},"name":"Mark Paul"}]},"description":{"basic":"Lobby group seeks cut in excise duty"},"display_date":"2019-08-28T14:19:01Z","headlines":{"basic":"Drinks industry says it is not ‘appreciated’ enough by Government"},"promo_items":{"basic":{"_id":"EDIGGGOJBR6CGZJ372T3JTGOZA","auth":{"1":"957849e4da9ea0b1f4e8fe37059f126e668c540054f1bd9618b95b347f0dd72b"},"type":"image","url":"https://cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/EDIGGGOJBR6CGZJ372T3JTGOZA.jpg"}},"subtype":"default","taxonomy":{"sections":[{"name":"Transport"}]},"type":"story","website_url":"/business/transport-and-tourism/drinks-industry-says-it-is-not-appreciated-enough-by-government-1.4000082","websites":{"irishtimes":{"website_section":{"_id":"/transport","additional_properties":{"original":{}},"name":"Transport"}}}},{"_id":"725YOWM3JLKKETKNWWZM5XCSF4","additional_properties":{},"canonical_url":"/business/transport-and-tourism/qantas-bars-some-apple-laptops-from-luggage-1.4000044","content_elements":[{"_id":"KGUBYNJ4AVH6XE7DDAIKAVFO24","content":"Restrictions on MacBook Pro laptops on flights has spread, with Qantas Airways barring some models from checked-in luggage on concern that batteries could catch fire.","type":"text"},{"_id":"6LKZV747GVCWPNWZFYCKAJ3RSU","content":"All 15-inch versions of Apple’s MacBook Pro must be carried in the cabin and switched off, Qantas said in a statement Wednesday.","type":"text"},{"_id":"6OG6IIQDLBCZJI35WHGQ4MMLRE","additional_properties":{},"content":"The rule went into effect Tuesday morning. 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