UPC to acquire wifi provider Bitbuzz for €5-€6 million

Broadband provider UPC Ireland is to acquire Irish-owned wifi company Bitbuzz for an undisclosed sum thought to be in the region of €5-€6 million. Bitbuzz, which is headquartered in Dublin, specialises in offering wifi to the tourism, retail and leisure sectors, notably hotels and cafes in Ireland and Britain. It recently won contracts with stores operated by the Cork-based wholesale Read more about UPC to acquire wifi provider Bitbuzz for €5-€6 million[…]

Free trade with U.S.? Europe balks at chlorine chicken, hormone beef.

ROSTRENEN, France — On a velvety green patch of the French countryside, organic farmer Jean Cabaret gave a little shudder. A looming trade deal with the United States, he fears, may make his worst culinary nightmare come true: an invasion of Europe by American “Frankenfoods.” “Hormone-boosted beef. Chlorine-washed chicken. Genetically altered vegetables. This is what they Read more about Free trade with U.S.? Europe balks at chlorine chicken, hormone beef.[…]

Trade and investment with Australia: Are you being served?

An ambitious trade deal with Australia has Chinese businessmen aflutter ZHU Xinli has gone from prey to predator. The firm he runs, China Huiyuan, is the country’s largest privately owned juice firm. In 2008 Coca Cola, the largest drinks firm in the world, tried to buy his company but was prevented from doing so by Read more about Trade and investment with Australia: Are you being served?[…]

Supermac’s stalls move Down Under due to trademark dispute with McDonald’s

Plans to bring Supermac’s to Australia have been delayed because fast food giant McDonald’s objected to the Irish firm’s name being used there. The Irish chain – which was founded by former schoolteacher Pat McDonagh and now has over 100 outlets here – had hoped to open its first outlet in Australia this year. The Read more about Supermac’s stalls move Down Under due to trademark dispute with McDonald’s[…]

€5.9m fund open to Irish start-ups

A leading European venture capital firm has joined forces with Enterprise Ireland to launch a new multi-millon euro fund aimed exclusively at the Irish market. European micro-cap venture capital firm, Hoxton Ventures, yesterday announced the launch of its new €5.875m fund as part of the Government’s €700m Seed and Venture Capital Scheme. The London-based firm Read more about €5.9m fund open to Irish start-ups[…]

Brazil, Uruguay move away from US dollar in trade

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart Alberto Grana. Both countries believe Read more about Brazil, Uruguay move away from US dollar in trade[…]

Unemployment down to 10.7% in November – CSO

The standardised unemployment rate in November was 10.7 per cent, down from the revised figure of 10.9 per cent in October, new figures from the Central Statistics Office have shown. On a seasonally adjusted basis, the Live Register recorded a monthly decrease of 4,100 in November, reducing the total to 367,100. In unadjusted terms, there Read more about Unemployment down to 10.7% in November – CSO[…]

A million sign petition against EU-US trade talks

A campaign group website says over a million people in the European Union have signed a petition against trade negotiations with the United States. The petition calls on the EU and its member states to stop the talks on the Transatlantic Trade and Investment Partnership or TTIP. It also says they should not ratify a similar deal Read more about A million sign petition against EU-US trade talks[…]