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The bond markets could act against Donald Trump, as they against former UK prime minister Liz Truss. Photograph: Andrew Harnik/Getty Images, which collapsed in late 2022 owing some €21 million to investors and creditors, is considering asking the High Court whether a file should be prepared for the Director of Public Prosecutions .
In an update to creditors of the Cork-based company on Thursday, John Healy of Kirby Healy Chartered Accountants in Dublin said his investigations into the affairs of the firm and the conduct of the directors in the period leading up to his appointment by the High Court in early 2023 had “identified several matters of concern”. Ian Curran has the details.
If Donald Trump with the Fed’s independence and ability to control inflation, as he has done with most other federal institutions,The bond market would retaliate, as they did to Liz Truss, by requiring very high interest rates on new loans. That would inflict serious economic and political pain, precipitating a US economic crisis during Trump’s second term, warns John FitzGerald in his Friday column.
In a statement, the Dublin 18-based company, which is understood to employ some 112 people here, confirmed it has entered into a 30-day consultation period with staff over their future with the group. Ian Curran reportswas chosen as The Irish Times Business Person of the Year for 2024, an award run in association with Bank of Ireland.
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