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,...

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...

€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...

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...