Breakfast Business

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.

Fresh from the biggest airplane order in European history, Ryanair has just published its full-year results for the financial year which ended in March. They show the Swords-based airline made a pretax profit of €1.5billion after it made a total revenue of €10.7billion. Ryanair said it created 300 new routes and that airfares were up 10% on pre-COVID levels. Eddie Wilson is the chief executive of Ryanair, DAC joined Joe on the show this morning.

Last week it was confirmed that instead of cutting our greenhouse gas emissions in Ireland, they actually went up last year. Now ahead of the Dublin City Sustainability Seminar tomorrow, there’s been a call to make the capital one of the most sustainable in Europe which many will agree will require a herculean effort considering where we are at the moment. To discuss further Joe spoke to Richard Guiney from Dublin Town

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

Last July oil prices reached $123 a barrel as Russia tried to use its energy as a financial weapon against Europe. It didn't work. Prices are now around $75 and the Russians are selling at below cost to India and China in a post-sanctions world. But we won't be in a post-carbon world for another few decades yet and so energy will continue to be central to the functioning of the world economy. Robert Maxwell an energy analyst with DNV consultants joined Joe this morning on the show.

We’ve looked at the redevelopment plans of Dublin port and how Cork port will be actually moving and freeing up acres of land in the nation’s second city. Another city doing that is the Port of Galway. Its rejuvenation plans also involve upping sticks and using the vacated land for new housing as well as public amenities. On top of that Galway port is responsible for some of the biggest onshore renewable energy management in the country. Conor O’Dowd the Chief executive of the Port of Galway spoke to Joe this morning on the show.

A look at today's business papers and markets with Dan Maroney from RBC Brewin Dolphin.

Today we’re gonna talk about the booming trade links between this country and Asia. Over the next 3 or so years, that trade might reach $100billion according to the Government. But trade flows and investment has been complicated by lockdowns and supply chain issues and perhaps even political problems too as America tries to force Europe to pick a side when it comes to the new Cold War with China. Martin Murray Executive Director of Asia Matters joined Joe this morning on the show.

There’s a new €100m fund that has promised to invest exclusively in Irish start and scale-up companies. Its first seed investor was Enterprise Ireland and the final closing investor to make up the fund is the Irish strategic investment fund. The aim is to create indigenous technology-enabled companies to compete with its global peers while providing tax incentives to private investors who back the fund. Speaking to Joe this morning was Alan Merriman the Founder of Elkstone.

We take a run through of some of the business stories today with Newstalk's Business Editor Joe Lynam.

During lockdown, there were many predictions of how the future of work might be in future. Many were surprised and disappointed that some company bosses demanded that all their employees be seen back in the office once all restrictions were lifted last year. But others usually in white-collar sectors- saw hybrid working as a way of retaining their highly prized and highly mobile staff. One Irish software company thinks the future will definitely be hybrid and they're hiring more people to cater to that need. They're called Capella and its founder is Criona Turley who joined Joe this morning on the show.

Massive reform and EU membership have brought Czechia and Poland to the average for European national incomes and now they are huge potential markets for Irish companies. That’s why the government and Enterprise Ireland are over there today touting the wares of a slew of well-known companies including Smurfit, Kingspan, and ICON. Joe spoke to Dara Calleary - the Minister for Trade Promotion, Digital, and Company Regulation about the types of sectors that Irish companies were hoping to grow in both of those nations.

Newstalk Business Editor Joe Lynam takes a look at today's business papers and markets.