Ireland ‘punches above its weight’ but over relies on multinational royalties

Apple Ireland is over reliant on royalty fees booked by multinational companies that pass through the country without always creating much in the way of local jobs or productive investment, leading management consultancy McKinsey has warned. The country “has long punched above its weight” in attracting foreign direct investment (FDI), it said. However, three-quarters of Read more about Ireland ‘punches above its weight’ but over relies on multinational royalties[…]

HP to buy cloud software startup Eucalyptus in rare acquisition

Hewlett-Packard plans to buy cloud software startup Eucalyptus Software, a rare acquisition for the company since its failed $11 billion purchase of Britain’s Autonomyin 2011. HP did not say how much it will pay for Eucalyptus, which provides open-source software for building private and hybrid clouds, or Internet-based computing services. A source familiar with the deal told Read more about HP to buy cloud software startup Eucalyptus in rare acquisition[…]