Breakfast Business

From tomorrow in Europe, the unified patent system will come into force. It means that innovators can submit a single application in order to protect or defend their inventions. It does away with a hodge podge system where patents had to be filed in many jurisdictions. The minister responsible in this area is Neale Richmond - the Minister of State for Business, Employment & Retail 

Last week the health minister signed off on plans to print enhanced health labels on every bottle of wine sold in Ireland. It means extra costs for some vineyards - especially smaller ones and might even mean they’ll stop selling in Ireland. That’s why some wine producers in Italy are taking a case to the World Trade Organisation and others are considering legal action for breaching the single market. Ignacio Sanchez Recarte is the Secretary General of the the Comité Européen des Entreprises Vins, which represents winemakers in Europe and joined Joe Lynam live from Brussels.

A look at today's business papers and markets with Business Editor Joe Lynam who is coming live from Brussels this morning.

Sarah Quirke from Goodbody's stockbrokers joined Business Editor Joe Lynam to take a look at today's markets.

Europe is experiencing a hot war for the first time in decades, and it has rocked the politics and economics of the continent. Energy prices and inflation soared last year and have required governments to bail out companies and consumers. Inflation remains high though and the biggest country in the EU, Germany is officially in recession. Markus Breyer, the head of Business Europe, which represents the biggest companies in Europe joined Joe Lynam live from Brussels.

A look at today's business papers and markets with Business Editor Joe Lynam who is coming live from Brussels this morning.

The international ‘Circular Economy Hotspot’ 4-day event begins in Dublin today! The event, which runs until June 1st, promises to put Dublin on the circular economy map internationally, highlighting and celebrating ground-breaking circular economic initiatives in Dublin, with venues spanning from the Mansion House to Croke Park. Dr. Sarah Miller CEO, Rediscovery Centre joined Emmet this morning on the show.

This afternoon, a creative media studio and remote working hub, ‘The Studio Drinan’ will be launching in The Drinan Enterprise Centre in Swords! Joining Emmet this morning was the Centre Manager, Peter Finnegan.

A look at today's business papers and markets with Emmet Oliver this morning.

Minister Simon Coveney will be officially opening H&MV Engineering’s new global HQ in Limerick, this afternoon, where the company will announce its five-year expansion plan. PJ Flanagan, H&MV Engineering’s CEO told Emmet about their plans.

Fáilte Ireland will be launching its regional strategies today! These are 5-year plans for each of our regional brands (Wild Atlantic Way, Ireland’s Ancient East, Dublin, and Ireland’s Hidden Heartlands) focusing on sustainable tourism development. To tell us more Emmet was joined by the Director of Regional Development with Fáilte Ireland, Paul Keeley.

A look at today's business papers and markets with Aidan Donnelly from Davy's.

Large multinationals and indigenous companies employing people through a programme it runs in Robotic Process Automation at Clare and Limerick ETB. To tell us more, Emmet was joined on the show by CEO of the School of Automation, Marc Cooper.

A look at today's business papers and markets with Emmet Oliver.

Gone are the days when companies used to give you a voucher to be spent in a very specific shop on very specific things. Our Business Person Of The Month makes prepaid cards that can be spent however you wish. He also makes a configurable credit card which is increasingly used by governments wishing support to vulnerable groups and has opened 100,000 accounts in Europe. Not bad for an Irish company. He’s Kealan Lennon from CleverCards and he’s our Business Person Of The Month for May. All with thanks to Eversheds Sutherland.

If you add up all the proceeds and earnings from global financial crime, it would make the fifth largest economy in the world – roughly the same size as the Indian or British economies. Included in financial crime these days, is the circumvention of the sanctions that were imposed on Russia and its oligarchs last year. But the Russians are getting clever about squirreling their money away. All themes for the ‘European Anti-Financial Crime Summit are being held in the RDS tomorrow and attending that will be Bradley Breslin, the Chief Delivery Officer with AML Right Source who spoke to Joe this morning.

A look at today's business papers and websites with Business Editor Joe Lynam.

Yesterday the Irish Data protection Commissioner imposed the biggest ever fine applied by any Watchdog relating to the transfer of personal data such as your name or email address outside the EU. Meta which owns whatsapp and Facebook has been ordered to pay a whopping €1.2 billion for breaching GDPR rules and it could have big ramifications for other technology companies that gather personal data. Sam Saarsteiner, is a Partner in Clark Hill and advises transatlantic and domestic clients on data protection matters and spoke to Joe this morning.

At the weekend Dublin airport said that it was considering charging lower landing fees for airlines with fewer emissions. Yesterday the boss of Ryanair Eddie Wilson welcomed that. But would that lower the cost of using the airport for consumers? Also as the mad summer flying season starts soon, is the biggest airport on this island ready after the hellish queues from a year ago Kenny Jacobs Chief executive of the DAA in post about 6 months now joined Joe on the show this morning.

Business Editor Joe Lynam takes a run through of some of the business stories today.