Live News
Bite-sized servings of the latest in business, tech and current affairs
Welcome to the Business Post’s Live News section. Catch up here on today’s developments in business, tech and current affairs.
07.45 – Data centre support for offshore wind could help Ireland meet energy targets, says industry group
Data centres could help Ireland meet its green energy targets by supporting offshore wind investment, according to a new report.
Government targets require developers to build coastal wind farms capable of generating 5,000 megawatts (MW) of electricity, up from 25MW now, by 2030.
According to a report commissioned by Cloud Infrastructure Ireland (CII), the data centre industry group, its members’ facilities will be key to getting offshore projects off they ground as they can buy the electricity generated.
The Irish Times has the full story.
07.30 – Criminal trial into Nama sale of NI loan book to be delayed
The criminal trial of two senior business figures on charges related to Nama’s sale of its entire Northern Ireland loan book – the biggest property transaction in the jurisdiction’s history – has been hit by further delays, according to reports.
The sale of around €1.6 billion worth of property to US company Cerberus in April 2014 involved allegations of corruption and an investigation by the UK’s National Crime Agency, which led to two men being charged in August 2020.
The Irish Independent has the full story on the latest setback in the proceedings.
07.15 – Tech earnings hit Chinese markets
Overnight in Hong Kong, the Hang Seng has dropped 2.17 per cent, while Shanghai’s CSI 300 fell 3.03 per cent, as disappointing tech earnings hit sentiment already weakened by concerns around the election of Donald Trump.
In Japan, the Nikkei 225 is up 0.68 per cent, while South Korea’s Kospi is 0.83 per cent in the green.
More on tech’s impact on the Chinese markets here.
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KAZUHIRO NOGI
07.00 – Good morning
Eoin O’Hare here with you today to keep you up-to-date with all the latest news.
This morning, we lead with our assessment of the three biggest party’s housing policies.
Each party has outlined a plan to address the housing shortage the state has been stuck in for a decade, but there are distinct differences in the fine print of each manifesto. Killian Woods took a look.
Meanwhile, Kathleen Gallagher looks at how Ireland’s government bonds are stacking up amid warnings from the European Central Bank (ECB) of another Eurozone debt crisis.