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Live News Live News: Irish Rail CEO interview; Chambers announces new wealth fund; RTÉ external work details revealed
“Do we think countries like Switzerland have developed and planned their communities to be as rail-connected as they are today by chopping and changing approaches, or piecemeal plans?”12:55 - Chambers announces details of new sovereign wealth fund Jack Chambers, the minister for finance, has signed a commencement order to set up sovereign wealth fund, which could grow to over €100 billion over the next 11 years.
12:30 - Extent of RTÉ employees’ external payments revealed The RTÉ Register of External Activities, a register of external work undertaken by RTÉ employees, has revealed that a total of 133 external approved activities were taken in February and March. 12:20 - Bank of England announces first rate cut since 2020 The Bank of England has cut UK interest rates to 5 per cent for the first time in over four years, with members of the Monetary Policy Committee voting five to four to reduce the rate by 0.25 percentage points.
At the beginning of the scheme, about 2 million containers were returned in the month of February, with this rising to an average of 3.2 million daily in July, or over 102 million over the month. Having first announced the deal in January, both companies now face an eager wait for the British anti-trust enforcer, the Competition and Markets Authority , to make its decision on August 14.
The 20% of households with the highest disposable income spent an average €1,757.1 per week, nearly four times as much as those in the lowest 20 per cent of income . The investment will enable both companies to expand their operations, installing new production lines and additional warehouse capacity, Aldi said.
The bank’s half-year underlying profits of €82 million were lower than the €86 million for the same period the year before, but still beat analyst’s expectations. The EU Commission has also requested that Brexit agreements are fully implemented, along with a UK High Court ruling that EU citizens should not have to make a separate application to settle there after the required five years of residence.
The company, which has its headquarters in Loughrea, County Galway, said Gatto brings 25 years of experience in the industry, in a career spanning human and animal health in senior roles within Johnson & Johnson, Pfizer, Aenova Group, and most recently, Adragos Pharma. Wood stepped down from his role on July 19, amidst a failed £200 million UK government bailout for the ailing firm, which was sought by its leadership.08.03 - Barclays announces £750 million buyback Barclays said it will repurchase as much as £750 million of shares as Chief Executive Officer C.S. Venkatakrishnan makes good on his promise to improve the bank’s payouts to investors.
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