Disorderly Brexit now seen as a ‘significant risk’ by Irish finance minister

The Irish finance minister has warned that his government is stepping up preparations given the “significant risk” of a disorderly Brexit. The two candidates for the role of the U.K.’s next prime minister have continued to criticize each other’s plans for Britain to leave the European Union (EU) but neither have completely ruled out leaving with no deal in place at all. “From the point of view of the Irish government we now believe that the prospect of a disorderly Brexit is now a significant ri


The Irish finance minister has warned that his government is stepping up preparations given the “significant risk” of a disorderly Brexit. The two candidates for the role of the U.K.’s next prime minister have continued to criticize each other’s plans for Britain to leave the European Union (EU) but neither have completely ruled out leaving with no deal in place at all. “From the point of view of the Irish government we now believe that the prospect of a disorderly Brexit is now a significant ri
Disorderly Brexit now seen as a ‘significant risk’ by Irish finance minister Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: willem marx
Keywords: news, cnbc, companies, european, prospect, irish, finance, meeting, risk, disorderly, seen, significant, minister, prime, brexit


Disorderly Brexit now seen as a 'significant risk' by Irish finance minister

The Irish finance minister has warned that his government is stepping up preparations given the “significant risk” of a disorderly Brexit.

The two candidates for the role of the U.K.’s next prime minister have continued to criticize each other’s plans for Britain to leave the European Union (EU) but neither have completely ruled out leaving with no deal in place at all. The uncertainty has sent pound sterling to near two-year lows versus the U.S. dollar.

“From the point of view of the Irish government we now believe that the prospect of a disorderly Brexit is now a significant risk and the Irish government is meeting to day to review our readiness for this great challenge,” Paschal Donohoe told CNBC at a meeting of European finance chiefs in Brussels on Tuesday.

Donohoe also claimed that it was important that new leadership at the European Commission — the EU’s executive branch — be appointed quickly.

This was necessary, he said, “to allow Europe to respond back to protect our single market and to ensure that we can rise to the risks that might be created in dealing with Brexit.”

The Irish government issued a new Brexit planning document this week and at a press conference to mark its publication, the country’s deputy prime minister Simon Coveney described a disorderly British departure from the EU as an “ugly prospect.”


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: willem marx
Keywords: news, cnbc, companies, european, prospect, irish, finance, meeting, risk, disorderly, seen, significant, minister, prime, brexit


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Irish data watchdog: Some Facebook probes to conclude in coming months

Irish data watchdog: Some Facebook probes to conclude in coming months3:26 AM ET Thu, 13 June 2019Helen Dixon, Ireland’s data protection commissioner, says she has met with senior executives at the social media giant.


Irish data watchdog: Some Facebook probes to conclude in coming months3:26 AM ET Thu, 13 June 2019Helen Dixon, Ireland’s data protection commissioner, says she has met with senior executives at the social media giant.
Irish data watchdog: Some Facebook probes to conclude in coming months Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13
Keywords: news, cnbc, companies, data, senior, months, watchdog, protection, social, irish, facebook, met, conclude, coming, media, probes, months326


Irish data watchdog: Some Facebook probes to conclude in coming months

Irish data watchdog: Some Facebook probes to conclude in coming months

3:26 AM ET Thu, 13 June 2019

Helen Dixon, Ireland’s data protection commissioner, says she has met with senior executives at the social media giant.


Company: cnbc, Activity: cnbc, Date: 2019-06-13
Keywords: news, cnbc, companies, data, senior, months, watchdog, protection, social, irish, facebook, met, conclude, coming, media, probes, months326


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Ahead of Trump arrival, Ireland’s finance minister sounds trade warning

The finance minister of Ireland conceded that his country’s economy is at risk to the effects of a trade war between the likes of the EU, the U.S. and China. Paschal Donohoe told CNBC’s Willem Marx Wednesday that the country’s open and globalized economy does leave it exposed to unpredictable taxes and tariffs. President Donald Trump will arrive in Ireland later Wednesday to hold talks with Prime Minister Leo Varadkar. The two are expected to discuss a range of issues, including Brexit and trade


The finance minister of Ireland conceded that his country’s economy is at risk to the effects of a trade war between the likes of the EU, the U.S. and China. Paschal Donohoe told CNBC’s Willem Marx Wednesday that the country’s open and globalized economy does leave it exposed to unpredictable taxes and tariffs. President Donald Trump will arrive in Ireland later Wednesday to hold talks with Prime Minister Leo Varadkar. The two are expected to discuss a range of issues, including Brexit and trade
Ahead of Trump arrival, Ireland’s finance minister sounds trade warning Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: david reid
Keywords: news, cnbc, companies, irelands, economy, sounds, arrival, minister, irish, ahead, finance, trump, ireland, expected, look, trade, warning, varadkar


Ahead of Trump arrival, Ireland's finance minister sounds trade warning

The finance minister of Ireland conceded that his country’s economy is at risk to the effects of a trade war between the likes of the EU, the U.S. and China.

Paschal Donohoe told CNBC’s Willem Marx Wednesday that the country’s open and globalized economy does leave it exposed to unpredictable taxes and tariffs.

“Anything that happens in global trade does have an effect on the performance of our economy and there is a vulnerability that could develop into the future,” Donohoe said.

President Donald Trump will arrive in Ireland later Wednesday to hold talks with Prime Minister Leo Varadkar. The two are expected to discuss a range of issues, including Brexit and trade.

Donohoe said he expected Varadkar to spell out to Trump that U.S. exporters looking to sell in Europe, or in other parts of the world, would find Ireland an attractive place to set up base. The finance minister said evidence of this trend was already underway.

“Since the focus on President Trump’s trade policy has grown, we have actually seen more international investors and companies wanting to be here in Ireland.”

Donohoe added that the Irish leader would also look to strengthen its labor presence within the U.S.

“We want to look at how we can deepen Irish investment and job creation in America over the coming years,” he said.

Ireland and Brexit


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: david reid
Keywords: news, cnbc, companies, irelands, economy, sounds, arrival, minister, irish, ahead, finance, trump, ireland, expected, look, trade, warning, varadkar


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Brexit and trade tensions having an impact on Irish growth, finance minister says

Brexit and trade tensions having an impact on Irish growth, finance minister says5 Hours AgoPresident Donald Trump’s comments about the transatlantic relationship between the EU and U.S. are ‘a concern’ for Ireland, whose small and open economy is already being impacted by global trade tensions and Brexit, Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Brexit and trade tensions having an impact on Irish growth, finance minister says5 Hours AgoPresident Donald Trump’s comments about the transatlantic relationship between the EU and U.S. are ‘a concern’ for Ireland, whose small and open economy is already being impacted by global trade tensions and Brexit, Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
Brexit and trade tensions having an impact on Irish growth, finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: paul faith, afp, getty images
Keywords: news, cnbc, companies, brexit, minister, tensions, growth, washington, impact, trumps, transatlantic, told, spring, trade, having, finance, irish


Brexit and trade tensions having an impact on Irish growth, finance minister says

Brexit and trade tensions having an impact on Irish growth, finance minister says

5 Hours Ago

President Donald Trump’s comments about the transatlantic relationship between the EU and U.S. are ‘a concern’ for Ireland, whose small and open economy is already being impacted by global trade tensions and Brexit, Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: paul faith, afp, getty images
Keywords: news, cnbc, companies, brexit, minister, tensions, growth, washington, impact, trumps, transatlantic, told, spring, trade, having, finance, irish


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Ireland is adequately prepared for a disorderly Brexit, finance minister says

Ireland is adequately prepared for a disorderly Brexit, finance minister says7 Hours AgoThe U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Ireland is adequately prepared for a disorderly Brexit, finance minister says7 Hours AgoThe U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
Ireland is adequately prepared for a disorderly Brexit, finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: niall carson, pa images, getty images
Keywords: news, cnbc, companies, prepared, minister, brexit, told, ireland, adequately, spring, uks, washington, finance, disorderly, irish


Ireland is adequately prepared for a disorderly Brexit, finance minister says

Ireland is adequately prepared for a disorderly Brexit, finance minister says

7 Hours Ago

The U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: niall carson, pa images, getty images
Keywords: news, cnbc, companies, prepared, minister, brexit, told, ireland, adequately, spring, uks, washington, finance, disorderly, irish


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Credit Suisse Asian Investment Conference

4 Hours AgoThe closest the U.K. can get to a no-deal Brexit for leaving the EU is the so-called Malthouse compromise — a plan that addresses the contentious issue of the Irish border, according to Andrew Garthwaite.


4 Hours AgoThe closest the U.K. can get to a no-deal Brexit for leaving the EU is the so-called Malthouse compromise — a plan that addresses the contentious issue of the Irish border, according to Andrew Garthwaite.
Credit Suisse Asian Investment Conference Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: daniel acker, bloomberg, getty images, anthony kwan, graham crouch, jerome favre, stefano rellandini, fred dufour, afp, carolyn kaster
Keywords: news, cnbc, companies, conference, plan, malthouse, suisse, investment, asian, garthwaite, issue, uk, irish, socalled, leaving, nodeal, hours, credit


Credit Suisse Asian Investment Conference

4 Hours Ago

The closest the U.K. can get to a no-deal Brexit for leaving the EU is the so-called Malthouse compromise — a plan that addresses the contentious issue of the Irish border, according to Andrew Garthwaite.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: daniel acker, bloomberg, getty images, anthony kwan, graham crouch, jerome favre, stefano rellandini, fred dufour, afp, carolyn kaster
Keywords: news, cnbc, companies, conference, plan, malthouse, suisse, investment, asian, garthwaite, issue, uk, irish, socalled, leaving, nodeal, hours, credit


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Irish whiskey continues to thrive in the US, thanks to millennials

But they’re actually helping at least one industry: Irish whiskey. Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. American millennials are driving the growth of Irish whiskey in the U.S., in part, due to their willingness to spent more on higher quality alcohol, Ozgo said. Irish whiskey tends to be smoother and less smoky than its Scottish cousin scotch and less sweet than American and Canadian varieties. Ozgo also no


But they’re actually helping at least one industry: Irish whiskey. Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. American millennials are driving the growth of Irish whiskey in the U.S., in part, due to their willingness to spent more on higher quality alcohol, Ozgo said. Irish whiskey tends to be smoother and less smoky than its Scottish cousin scotch and less sweet than American and Canadian varieties. Ozgo also no
Irish whiskey continues to thrive in the US, thanks to millennials Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: amelia lucas, igor golovniov, lightrocket, getty images
Keywords: news, cnbc, companies, whiskey, thrive, thanks, spirits, according, irish, market, continues, millennials, worlds, volume, distillers, spending, sold


Irish whiskey continues to thrive in the US, thanks to millennials

Millennials have been accused of killing canned tuna, motorcycles and diamonds. But they’re actually helping at least one industry: Irish whiskey.

Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. In 2018 alone, sales grew by 9.4 percent compared to the previous year, netting distillers roughly $1 billion in revenue.

Last year also marked the ninth straight time that spirits took market share from beer, according to David Ozgo, the Distilled Spirits Council’s chief economist.

American millennials are driving the growth of Irish whiskey in the U.S., in part, due to their willingness to spent more on higher quality alcohol, Ozgo said.

Despite its growth in the U.S. and elsewhere in the world, Irish whiskey still represents less than 3 percent of the case volume of all spirits sold. But spirits companies are trying to change that, spending more on marketing pushes for their brands. For example, when Diageo, the world’s largest spirits purveyor, re-entered the booming market in 2017 with Roe & Co., it increased its marketing spending by 20 percent compared to the previous year.

Irish whiskey tends to be smoother and less smoky than its Scottish cousin scotch and less sweet than American and Canadian varieties.

Jameson, owned by French spirits giant Pernod Ricard, remains the market leader. But there are some upstarts looking to make their own mark on the space. In 2013, there were just three distillers in Ireland: Cooley, Irish Distillers and Dingle Distillery. Now, there are 18 facilities with eight more on the way, according to the Irish Food Board.

Ozgo also noted that cocktails featuring Irish whiskey have become more popular menu items over the years. New York City’s The Dead Rabbit, named the World’s Best Bar in 2016 by Drinks International, devotes about half of its menu to such cocktails, but its bartenders are also trained to help customers learn more about the alcohol.

“What I generally see is, people say whiskey as a general term, and then that’s where we say, ‘Well, Irish whiskey is a huge part of our DNA and what we’re known for,'” said Jillian Vose, the bar’s beverage director.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: amelia lucas, igor golovniov, lightrocket, getty images
Keywords: news, cnbc, companies, whiskey, thrive, thanks, spirits, according, irish, market, continues, millennials, worlds, volume, distillers, spending, sold


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‘Let’s get on with it’: Frustration grows in EU circles as Brexit talks stall

There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.”Let’s get on with it. This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Michel Barnier


There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.”Let’s get on with it. This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Michel Barnier
‘Let’s get on with it’: Frustration grows in EU circles as Brexit talks stall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stall, policy, lawmakers, uk, vote, insurance, frustration, talks, withdrawal, commitments, eu, brexit, irish, lets, circles, grows


'Let's get on with it': Frustration grows in EU circles as Brexit talks stall

There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.

“Let’s get on with it. We have bigger fish to fry,” an EU official with knowledge of the negotiations but who preferred to remain anonymous because of the sensitivity of the situation, told CNBC Sunday regarding the mood in Brussels and ahead Tuesday’s vote in London.

Talks between the U.K. and the EU stalled over the weekend, after both sides failed to come to an agreement over the “Irish backstop” — an insurance policy which aims to prevent a hard border between Northern Ireland and the Republic of Ireland.

This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. It was seen as a key reason why the U.K. Parliament overwhelmingly rejected May’s deal in January.

However, the deadlock is becoming more pressing by the minute ahead of a key vote in the U.K. Parliament Tuesday — and roughly two weeks away from the U.K.’s scheduled departure date from the EU. If the U.K. does not approve an exit deal there’s a significant risk that it will leave without any arrangements, bringing uncertainty to businesses and citizens on both sides of the English Channel.

U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Since then, the U.K. has tried to get further concessions from the EU side, but the other 27 countries have refused to change its stance.

Michel Barnier, the EU’s chief Brexit negotiator, tried to appease the concerns among U.K. lawmakers regarding the Irish backstop on Friday. Barnier said the U.K. would not be forced into a customs union against its will and reiterated that he is ready to strengthen two important commitments that are already in the Withdrawal Agreement.

These commitments state that the EU will act in good faith and it will use its best endeavors to prevent having to trigger the Irish backstop. European officials believe that these commitments prove that the 27 countries do not want to reach a state whereby they have to implement this insurance policy. Given that these promises are written in the Withdrawal Agreement they are legally binding.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stall, policy, lawmakers, uk, vote, insurance, frustration, talks, withdrawal, commitments, eu, brexit, irish, lets, circles, grows


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UK PM May to hold Brexit talks with EU’s Juncker; urges party unity

British Prime Minister Theresa May is to hold Brexit talks with European Commission President Jean-Claude Juncker next week, her office said on Saturday, following this week’s symbolic defeat in parliament which was widely interpreted as undermining her negotiating strength with the EU. Her office did not give a date for the talks but said May planned to speak to the leader of every EU member state over the coming days. On Monday, Brexit Secretary Steve Barclay will meet EU chief negotiator Mich


British Prime Minister Theresa May is to hold Brexit talks with European Commission President Jean-Claude Juncker next week, her office said on Saturday, following this week’s symbolic defeat in parliament which was widely interpreted as undermining her negotiating strength with the EU. Her office did not give a date for the talks but said May planned to speak to the leader of every EU member state over the coming days. On Monday, Brexit Secretary Steve Barclay will meet EU chief negotiator Mich
UK PM May to hold Brexit talks with EU’s Juncker; urges party unity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, eu, uk, urges, hold, office, planned, national, brexit, symbolic, northern, party, eus, defeat, irish, juncker, talks, unity, british


UK PM May to hold Brexit talks with EU's Juncker; urges party unity

British Prime Minister Theresa May is to hold Brexit talks with European Commission President Jean-Claude Juncker next week, her office said on Saturday, following this week’s symbolic defeat in parliament which was widely interpreted as undermining her negotiating strength with the EU.

Her office did not give a date for the talks but said May planned to speak to the leader of every EU member state over the coming days.

On Monday, Brexit Secretary Steve Barclay will meet EU chief negotiator Michel Barnier, it added in a statement.

On Tuesday, Attorney General Geoffrey Cox, will make a speech setting out what changes would be required to eliminate the legal risk that Britain could be trapped in a Northern Irish backstop indefinitely.

May’s defeat in last Thursday’s symbolic vote undermined her pledge to EU leaders that she could pass her deal with concessions primarily around the Irish backstop – a guarantee that there can be no return of border controls between the British province of Northern Ireland and EU-member Ireland.

The issue has become one of the main points of contention ahead of Britain’s planned departure from the EU next month after 45 years.

May’s office said she had written to her divided Conservative lawmakers urging them to overcome their differences over leaving the EU in the national interest.

“Our party can do what it has done so often in the past: move beyond what divides us and come together behind what unites us; sacrifice if necessary our own personal preferences in the higher service of the national interest …,” she wrote.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, eu, uk, urges, hold, office, planned, national, brexit, symbolic, northern, party, eus, defeat, irish, juncker, talks, unity, british


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Haagen-Dazs announces new boozy ice cream line

Haagen-Dazs just announced a new line of seven alcohol-infused ice cream treats. The collection includes five new flavors of ice cream: Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch and Bourbon Praline Pecan. It also includes a cookie treat, Irish Cream Cookie Squares, and a nondairy option, Amaretto Black Cherry Almond Toffee. Fans eager to taste the boozy ice cream can try it in select Haagen-Dazs stores beginning in March. Smaller brands su


Haagen-Dazs just announced a new line of seven alcohol-infused ice cream treats. The collection includes five new flavors of ice cream: Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch and Bourbon Praline Pecan. It also includes a cookie treat, Irish Cream Cookie Squares, and a nondairy option, Amaretto Black Cherry Almond Toffee. Fans eager to taste the boozy ice cream can try it in select Haagen-Dazs stores beginning in March. Smaller brands su
Haagen-Dazs announces new boozy ice cream line Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: amelia lucas, source
Keywords: news, cnbc, companies, announces, boozy, haagendazs, bourbon, line, product, collection, ice, stores, alcohol, irish, cream


Haagen-Dazs announces new boozy ice cream line

Haagen-Dazs just announced a new line of seven alcohol-infused ice cream treats.

The collection includes five new flavors of ice cream: Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch and Bourbon Praline Pecan. It also includes a cookie treat, Irish Cream Cookie Squares, and a nondairy option, Amaretto Black Cherry Almond Toffee. Each product contains less than 0.5 percent alcohol per volume.

The brand, produced in the U.S. by Nestle subsidiary Dreyer’s, plans to roll out the line in grocery stores nationwide in April. Fans eager to taste the boozy ice cream can try it in select Haagen-Dazs stores beginning in March. The collection has been available for more than a year and a half in Canada.

Because of the alcohol content, buyers must be 21 years or older to purchase the product in the U.S. It is unclear if the collection will be available in grocery stores across all 50 states because of differing alcohol regulations across state lines. Haagen-Dazs did not immediately respond to a request for comment.

The ice cream brand isn’t the first to add alcohol to its products. Ben & Jerry’s launched a flavor infused with bourbon in 2017, but the alcohol cooked off during the baking process. Smaller brands such as Tipsy Scoop have been selling alcoholic ice cream for years.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: amelia lucas, source
Keywords: news, cnbc, companies, announces, boozy, haagendazs, bourbon, line, product, collection, ice, stores, alcohol, irish, cream


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