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Trump - ‘You finally have a champion for workers in the White House'

Trump - ‘You finally have a champion for workers in the White House'

Irish Times30-04-2025

Donald Trump has held a campaign-style rally in Michigan celebrating his first 100 days in office, with a speech in which he touted his 'economic victories'.
A protest organised by Ireland-Palestine Solidarity Campaign has called on the Central Bank to stop regulating Israeli Bonds. Video: Alan Betson
Former Sinn Féin president Gerry Adams has taken the BBC to court over a 2016 programme which, he claims, defamed him. Video: Enda O'Dowd
Canadian Prime Minister Mark Carney's Liberals retained power in the country's election, but fell short of the majority government he had wanted.
In the first 100 days of his second term US president Donald Trump has been on the offensive against his adversaries. Video: Enda O'Dowd
Following the sentencing of Glen Ward and Eric O'Driscoll at the Special Criminal Court, An Garda Síochána has released video of the weapons used by them.
Donald Trump has said he was disappointed that Russia continues to attack Ukraine and that his meeting with Volodymyr Zelenskiy at the Vatican went well.
Elizabeth Potskin was sharing a cigarette with friends at the Lapu Lapu Block Party in Vancouver when a deafening crash shattered the festival's joyful energy.
A number of people were killed and many others were injured in Vancouver, after a driver drove into a crowd attending a Filipino street festival.
Thousands of people took part in an anti immigration rally with a counter demonstration also happening in Dublin city centre. Video: Sarah Burns

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Annie McCarrick murder: Man (60s) arrested and Garda search operation under way
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Annie McCarrick murder: Man (60s) arrested and Garda search operation under way

A man has been arrested in connection with the disappearance and murder of Annie McCarrick 32 years ago. Ms McCarrick (26), a young American woman who was living in Ireland at the time, went missing on March 26th, 1993. The last reported sighting of her was at Johnnie Fox's pub in Glencullen in the foothills of the Dublin Mountains. The male aged in his 60s is being detained under the provisions of Section 4 of the Criminal Justice Act 1984 at a Garda station in Dublin. He can be questioned for up to 24 hours. He is the first person to be arrested in relation to the murder of Ms McCarrick. READ MORE Gardaí are also commencing a search operation at a residence in Clondalkin, Co Dublin. Elements of that house and garden will be searched and subject of technical and forensic examinations. The current residents of this home are not connected in any way with Ms McCarrick or her disappearance. The arrest and search operation is being led by an investigation team from the Dublin Metropolitan Region and the serious crime unit based at Irishtown Garda station under the direction of a senior investigating officer. More to follow.

Central Bank's role in approving Israeli bonds can be traced back to Brexit
Central Bank's role in approving Israeli bonds can be traced back to Brexit

Irish Times

time2 hours ago

  • Irish Times

Central Bank's role in approving Israeli bonds can be traced back to Brexit

It is something else that can be blamed on Brexit. When Britain decided to leave the EU in 2016 it no longer belonged to the European bond market. The market allows sovereign states to raise finance by issuing bonds that they pay back over time. The European Prospectus Regulation for bonds deemed that one European state would be the 'home state' that would determine if a non- EU state selling bonds had the financial wherewithal to trade the bonds in EU markets. The state would be chosen not by the EU but by the country selling the bonds. Until 2016 Britain was the country which decided if a bond prospectus offered by Israel could be approved for sale in the EU. When Brexit happened, Israel decided that Ireland should fulfil that role. It wasn't the only one to do so in recent years. At an interesting meeting of the Oireachtas finance committee yesterday, Gerry Cross of the Central Bank told Shay Brennan (Fianna Fáil) that seven other countries had also done so in recent years: Georgia; Turkey; The Maldives; Côte d'Ivoire; Armenia, Benin and Ukraine. To quote Macbeth: what's done is done and cannot be undone. Central Bank governor Gabriel Makhlouf told the committee that only Israel can decide to use another state to be the home country unless the EU at political level does what it did with Russia and imposes sanctions against Israel. Given the ties between some EU states and Israel, that's very unlikely to happen. Mr Makhlouf, Mr Cross and deputy governor Mary-Elizabeth McMunn told the committee that the EU regulation was strict; they could only make the approval determination based on financial stability criteria and not on wider geopolitical considerations. Effectively their hands were tied. READ MORE This issue was a dominant one in political discourse again this week, with a second Dáil vote in as many sitting weeks over the bonds last night. This time the vote was on a Social Democrats motion and again it was defeated. As Marie O'Halloran reports, two Independent TDs who support the Government – Gillian Toole and Barry Heneghan – voted against the Coalition. The debate last night revolved around the same issues. Taoiseach Micheál Martin and Minister for Finance Paschal Donohoe both took exception in the Dáil and other forums to the accusation from the Opposition that the Government was somehow complicit in the genocide because the Central Bank approves the bonds. Martin completely rejected the assertion at the Fianna Fáil parliamentary party meeting last night. He has argued that the Central Bank was independent in its role, and that its determination was a technical one based solely on financial criteria. Still, Ireland's unwanted status has made everybody uncomfortable. Meeting offers further details on bonds The three-hour meeting of the finance committee was interesting in that we learned that for all the trouble they have caused the returns from the bonds in Europe are relatively modest. Israel has raised between €100 and €130 million from the bonds, Mr Makhlouf said. He said the Israeli government website marketing its 'war bonds' had stated it had sold bonds worth €5 billion. He said the EU accounted for only a fraction of that, with the US accounting for the bulk of it. On what the bank can and can't do, he said: 'The Central Bank cannot decide to impose sanctions for breaches or alleged breaches of international law. It is for international bodies such as the UN or the EU to determine how to respond to breaches or alleged breaches of international law.' Mr Cross, director for capital markets at the bank, confirmed that the Central Bank fees for the approval of Israeli bonds between October 2023 and May this year was €13,300. The EU prospectus is due for renewal in September. When asked by Ged Nash (Labour) if there were new issues to be considered, Mr Makhlouf said the 'intensity of the conflict in Gaza probably does put a question mark [on] whether the financial viability of the state still remains secure'. He added: 'The European Union has indicated that it's going to look at its co-operation agreement with Israel, and I think that's a factor, the fact that the finance minister [Bezalel Smotrich] has just been sanctioned by a number of countries.' However, he said it should not be taken as granted that the prospectus would not be renewed. Asked by Mr Nash about how employees of the Central Bank have reacted to its role approving Israeli bonds, Mr Makhlouf said that the views in the bank were a reflection of the view across society. 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