UK Financial Watchdog Faces Criticism, US Dominates Ireland's Export Market

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Financial Watchdog,FCA,US-Ireland Trade

UK's financial regulator, the FCA, faces new scrutiny from parliamentarians who have branded it 'incompetent.' The US remains Ireland's top export destination, valued at €54 billion. Additionally, Intel secured a major federal grant from the Biden administration to boost domestic semiconductor manufacturing.

The UK's financial services watchdog, the FCA, is facing renewed criticism from parliamentarians who have branded it 'incompetent' after a critical report. An all-party Westminster group is set to report on the organization's integrity, revealing major flaws and poor handling of complaints. Meanwhile, the US continues to be Ireland's top export market at a value of €54 billion, representing 28% of Ireland's total exports.

Additionally, the Biden administration has finalized a deal to provide Intel with nearly $7.9 billion in federal grants to support domestic semiconductor manufacturing

 

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