Energy price hikes, Intel’s €12bn Irish investment, and Germany’s reliance on Russian oil

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Energy price hikes, Intel’s €12bn Irish investment, and Germany’s reliance on Russian oil via IrishTimesBiz

for big companies could be in place for longer than expected as EU finance ministers struggle to reach agreement on when to implement a new 15 per cent minimum rate. Poland, Sweden, Estonia and Malta have blocked a French-proposed compromise on how to implement minimum corporate tax across the EU, it emerged yesterday, delaying plans by Minister for Finance Paschal Donohoe to have it in place by the start of next year. Cliff Taylor has the details.

An Bord Pleanála has rejected fast-track plans for a €70 million 191-unit build-to-rent apartment scheme for Cork city. The plan for the was submitted by Eichsfeld Ltd, owned by Joseph Carey and Frank Sheahan snr, father of Frankie Sheahan, the chief executive of Pendulum Summit and ex-Ireland rugby international. Gordon Deegan reports.

 

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Intel to invest €12bn in expanding Irish operation | Business PostInvestment is a boon for Ireland’s policymakers, who will nevertheless be disappointed to miss out on the €17bn ‘mega-fab’ semiconductor plant project which will go to Magdeburg in Germany
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