Baseline 10pc US tariffs will do damage to Irish businesses, experts warn
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RTÉ News
an hour ago
- RTÉ News
EU will retaliate on tariffs 'if no agreement reached'
European Commission president Ursula von der Leyen has said the EU is ready for a trade deal with the United States, but warned that Brussels was ready to retaliate with a list of countermeasures if "no satisfactory agreement is reached." Speaking in the Danish city of Aarhus, at the launch of the Danish presidency of the EU, Ms Von der Leyen said: "As you know, the negotiations with the United States are ongoing. "As we speak, [EU trade] Commissioner Sefcovic is in Washington today. I just want to say we are ready for a deal. "We want a negotiated solution, but you will know that at the same time, we're preparing for the possibility that no satisfactory agreement is reached. "This is why we consulted on a rebalancing list, and we will defend the European interest as needed. In other words, all the instruments are on the table," she added. Ms von der Leyen's comments come after Tánaiste Simon Harris said yesterday that US tariffs of 10% on exports from Ireland will be the "new normal" but that efforts are continuing to agree zero for zero taxes in some key areas. "The US believes in tariffs. Clearly 10% seems to be the baseline in any agreements they have reached so far," he said. Minister for Enterprise, Tourism and Employment Peter Burke also said that he is "hopeful rather than confident" that a deal on tariffs can be reached between the US and European Union by 9 July.
Irish Independent
an hour ago
- Irish Independent
Green light for €1bn development that will transform site adjacent to Drogheda Port
Premier Periclase with partners Gyorgy and Meridiam have developed the 'Core' project, which is set to pave the way for a net-zero emissions model that could change how large energy users operate in Ireland. Louth County Council has approved the project, with plans to invest up to €1bn over the next ten years to transform the site. Fifty jobs are to be created in the first phase of the project, with the potential to create several hundred more over subsequent phases. Gyrogy, an Irish energy-tech firm, and Meridiam, an independent investment Benefit Corporation and asset manager in long-term sustainable infrastructure solutions, acquired the Premier Periclase business in May 2023. Since then, the partners have designed plans to transform the site on the north bank of the River Boyne beside Drogheda Port into a state-of-the art industrial campus for large energy users. The planned pathway to net-zero business campus, which will be called 'Core', will involve an investment of between €600 million and €1 billion over the next ten years. The investment, planned to facilitate and manage flexible and renewable energy in 'real-time' for the national grid will pave the way for a net-zero industrial campus emissions model that can change how large energy users operate in Ireland. The redevelopment plan includes demolition and site remediation works, substantial upgrades to the Premier Periclase site infrastructure, and the integration of renewable energy sources, flexible generation and advanced energy storage systems on the new Core campus. Subject to planning, the first phase of development will focus on installing sustainable energy infrastructure and a 32MW data centre. Over time, the site will grow to accommodate a range of high-tech industries, including biopharma, food, beverage, and sustainable manufacturing. The site's decarbonisation and development focus will make the campus extremely attractive to large foreign direct investment and Irish projects, according to the partners behind the project. The Core project is viewed as an opportunity to transform a site which was once one of Ireland's largest sources of industrial emissions into a model for sustainable energy innovation, according to the partners behind the huge investment. By integrating on-site renewable energy generation, battery storage, and gas engines, the campus will decarbonise energy usage for its large energy users while managing and contributing surplus power to the national grid during peak times. The Premier Periclase site has a history rooted in industrial innovation. Dating back to 1938, initially for Cement production and since 1977 for Magnesia and Magnesium Hydroxide products, the site played a major role in the life of Drogheda for much of the last century, providing valued local employment, which supported families and the economy of the town.
Dublin Live
2 hours ago
- Dublin Live
Travel chaos as Ryanair cancels 170 flights due to French air traffic control strike
Ryanair has said it was forced to cancel 170 flights during a traffic controller strike in France today and tomorrow. Other airlines have also had to ground certain routes. The cancellations are set to affect tens of thousands of passengers during the busy summer travel period, including many Irish passengers planning to travel to and from a number of destinations, including popular holiday spots in France and Spain. Some flights between Ireland and Spain travelling through French airspace have also been affected. A number of flights in and out of Dublin Airport have been affected. Airlines including Ryanair, Air France, Aer Lingus and Transavia France have had to pull flights throughout the day. Routes cancelled include the Parisian airports of Beauvais, Orly, and Charles De Gaulle, as well as Biarritz, Nice, and the Spanish city of Murcia. In a statement today, Ryanair said that flights through French airspace from the UK to Greece and Spain to Ireland will also be impacted. The airline said: "In addition to flights to/from France being cancelled, this strike will also affect all French overflights." Ryanair CEO Michael O'Leary has continued calls for the European Commission to reform European Union air traffic control services. The CEO said: "Another month of ATC mismanagement and staff shortages has passed, but neither the EU Commission nor national Transport Ministers – who are responsible for national ATC services – have taken any action to fix Europe's worst-performing ATC providers. As a result, France, Spain, Germany, Portugal, and the UK continue to delay thousands of Ryanair flights and millions of Ryanair passengers, putting them in stark contrast to other EU States, like Slovakia, Denmark, Ireland, Belgium, and Netherlands, who are delivering many many more on-time flights, making them the best ATC providers in Europe so far this year." Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.
