Delta gave a passenger $4,800 in air miles after forgetting to put his wheelchair on a flight from New York to Ireland, then breaking it on the way home
Almost a month after his flight and 10 days after Delta said he'd get no more compensation, it offered Tim Kelly a further 400,000 SkyMiles.
news.yahoo.comRussia moves naval exercise that rattled NATO member Ireland
Russia says it will relocate naval exercises off the coast of Ireland after Dublin raised concerns about them amid a tense dispute with the West over expansion of the NATO alliance and fears that Russia is preparing to invade Ukraine. The Feb. 3-8 exercises were to be held 240 kilometers (150 miles) off southwestern Ireland — in international waters but within Ireland’s exclusive economic zone. Russia’s embassy in Ireland on Saturday posted a letter on Facebook from Ambassador Yuriy Filatov saying the exercises would be relocated outside of the Irish economic zone ”with the aim not to hinder fishing activities.”
news.yahoo.comBig Tech's data watchdog in Europe is facing accusations of bureaucracy and lethargy
TikTok recently came under the jurisdiction of Ireland's Data Protection Commission, adding to a hefty workload for the Irish regulator. The regulation, with its possibility for big fines, is seen as the most robust piece of data protection law in history. The length of the investigation and the sum of money drew criticism from Max Schrems and other data protection advocates. Romain Robert, a senior lawyer at Noyb, said that the organization has been frustrated by the enforcement of GDPR by most data protection authorities in Europe. Graham Doyle, the deputy commissioner at the DPC, told CNBC that investigations, especially cross-border probes into big tech firms, take some time.
cnbc.comQualtrics files IPO papers, aiming for valuation of up to $14.4 billion after spinning out of SAP
The cloud software vendor, which SAP acquired two years ago on the eve of a planned IPO, filed its paperwork with the Securities and Exchange Commission on Monday to carry on as an independent company. The initial pricing range of $20 to $24 a share would value Qualtrics at $12 billion to $14.4 billion, up from the $8 billion SAP paid. Qualtrics sells software that helps businesses gauge how customers use their products so they can improve their offerings. Smith, who just purchased the NBA's Utah Jazz, will remain chairman of the company, headquartered in Provo, Utah and Seattle. SAP former CEO Bill McDermott orchestrated the Qualtrics deal before leaving the company last year to take the top job at ServiceNow.
cnbc.comLori Loughlin released from prison after serving two months for college admissions scam
"Full House" actor Lori Loughlin was released from prison Monday after spending two months behind bars for paying half a million dollars in bribes to get her two daughters into college. Loughlin was released from the federal lockup in Dublin, California, where she had been serving her sentence for her role in the college admissions bribery scheme, the federal Bureau of Prisons said. Her husband, fashion designer Mossimo Giannulli, is serving his five-month sentence at a prison in Lompoc near Santa Barbara, California. Loughlin and Giannulli were both initially supposed to report to prison on Nov. 19, but prosecutors and defense attorneys agreed Loughlin could start her sentence on Oct. 30. Lori Loughlin and her husband Mossimo Giannulli, right, leave the John Joseph Moakley United States Courthouse in Boston on Aug. 27, 2019.
cbsnews.comMan Who Worked At Local Research Institute For 10 Years Pleads Guilty To Conspiring To Steal Trade Secrets, Sell Them In China
A former Dublin, Ohio, man pleaded guilty in U.S. District Court today to conspiring to steal exosome-related trade secrets concerning the research, identification and treatment of a range of pediatric medical conditions. Zhou admitted to conspiring to steal scientific trade secrets related to exosomes and exosome isolation from Nationwide Children’s Hospital’s Research Institute for his own personal financial gain in China. They conspired to steal trade secrets related to exosome research from Nationwide Children’s Hospital. Chen pleaded guilty in July 2020 to conspiring to steal trade secrets and commit wire fraud. Assistant United States Attorneys S. Courter Shimeall, Peter K. Glenn-Applegate, Special Assistant United States Attorney J. Michael Marous and National Security Division Trial Attorney Matthew J. McKenzie, are representing the United States in this case.
justice.govQualtrics co-founder Ryan Smith joins the NBA ownership club after buying the Utah Jazz
Ryan Smith, Co-Founder and CEO of Qualtrics peaks on stage during the 2015 Web Summit on in Dublin, Ireland. Those are the early labels people who know him are using to describe pending National Basketball Association owner Ryan Smith. The co-founder of tech company Qualtrics agreed to purchase the NBA's Utah Jazz, the team announced on Wednesday in a surprise move. Our family remains invested in the success of the Utah Jazz and these businesses, and we will retain a minority interest." "The Miller family has had an unbelievable impact on countless people through the Utah Jazz and the other organizations they run," said Smith in a statement.
cnbc.comHow a Biden election win could shake up U.S. and Irish economic ties
DUBLIN — Ballina, a town in County Mayo in the west of Ireland, recently unveiled a striking mural in its town center of a familiar face: Joe Biden. It's a connection to the country that his opponent, current President Donald Trump isn't able to claim, unless his golf course counts. "I think we would expect a President Biden to be much more pro-European, pro-transatlantic relations than we've seen from the Trump White House," Tina Fordham, head of global political strategy at Avonhurst, told CNBC. "I have no doubt that Ireland would feel like it has more of a friend in the White House but it's a combination of the White House and Congress in that case. Even under a second term for President Trump, there would be that attention to upholding the Good Friday Agreement," Fordham added.
cnbc.comRising rates seem to signal a recovery is near, but investors wonder whether they can be believed
The spread between five- and 30-year Treasurys hit nearly a four-year high, and corporate debt has traded firm against the rising government rates. Fidelity's head of macro strategy Jurrien Timmer last week notes that Treasury yields have simply been catching up to other indicators of a "reflation" trade that have been working for a while. The 10-year Treasury yield has just levitated enough to meet its steeply down-sloping 200-day average, a potential friction area for the yield rally on a first approach. The Russell 1000 Value index relative to the Russell 1000 Growth measure has gained some traction, and to some eyes, is building a foundation for further comeback. The peak of Treasury yields and value relative performance was June 8, days after a surprisingly strong jobs report and at a peak of "reopening the economy" enthusiasm.
cnbc.comMortgage demand from homebuyers falls for the fourth straight week
Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A drop in buyer demand caused total mortgage application volume to fall 0.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to purchase a home fell 2% for the week, the fourth straight week of declines. That volume rose 0.2% from the previous week and was 74% higher than a year ago. The refinance share of mortgage activity increased to 66.1% of total applications from 65.6% the previous week.
cnbc.comAs Chinese investment into Ireland surges, Dublin tightens the rule book
Chinese Vice-President Xi Jinping (C) kicks a Gaelic football as he visits the Croke Park in Dublin on February 19, 2012 to attend an exhibition of Gaelic football and hurling. Xi Jinping, China's leader-in-waiting, arrived on February 18 for a three-day visit to Ireland, nine years after he first visited the country. Xi will hold talks with Prime Minister Enda Kenny and attend an Ireland-China trade forum in Dublin involving about 300 companies. DUBLIN — Ireland's foreign investment rules are being updated as Dublin seeks to protect the country's prized assets and align itself with regulations from Brussels. It will allow for Ireland to share information with the European Commission, the EU's executive arm, and other member states about suspicious or concerning deals.
cnbc.comThe Match 3 golf tournament set for Nov. 27 to benefit Black colleges
Peyton Manning hits his tee shot on the third hole during the Pro-Am of The Memorial Tournament Presented By Nationwide at Muirfield Village Golf Club on May 30, 2018 in Dublin, Ohio. Turner Sports' The Match 3 is officially set. The popular celebrity golf outing will feature Phil Mickelson, Charles Barkley, Stephen Curry and Peyton Manning and air on WarnerMedia's TNT network on Nov. 27 at 3 p.m. The Match 2 was one of the most-watched sporting events during the pandemic, attracting an average of 5.8 million viewers on May 24 and peaking at 6.3 million viewers. The second installment of the golf event raised $20 million for Covid-19 relief efforts.
cnbc.comIreland prepares for the twin threats of Brexit and coronavirus with a mega-budget
DUBLIN — The Irish government has presented a budget that it calls the "largest in the history of the state" as it faces down the twin threats of coronavirus and Brexit. The 17.75 billion euro ($20.8 billion) budget, announced Tuesday, was prepared under the assumption that there will be no trade deal between the EU and the U.K. and that no coronavirus vaccine will be widely available in 2021. This package includes a 3.4 billion euro recovery fund, 8.5 billion euros for public services and an extra 4 billion euros for health — all while balancing the government's climate commitments, which includes a carbon tax increase. Donohoe projected a deficit of 21.5 billion euros for 2020, with a 20.5 billion euro deficit forecasted for 2021. A series of measures were introduced to prevent further job losses and support businesses upended by the pandemic.
cnbc.comGoogle abandoning a new Dublin office signals change for the commercial property markets
NurPhoto | Getty ImagesWhen Google announced last month it was pulling the plug on a lease for a new office space in Dublin, Ireland, it set off alarm bells. But during the coronavirus pandemic and with the need for remote working, questions are being raised about the viability of large office spaces. TikTok, according to reports, is seeking a large office space in the capital for up to 5,000 people. "If Dublin City Council does not allow for increased heights within parts of the city, Dublin will lose out on future opportunities," he said. The Sorting Office that Google was planning to lease in Dublin, Ireland.
cnbc.comCoronavirus-themed murals continue to pop up around the world
A man stops to photograph a new mural in Dublin by art group Subset which is inspired by, and representative of the information contained in a written piece on their website titled CORONAVIRUS: The Virus Era. In facing the coronavirus pandemic, people around the world have taken comfort in the arts. Musicians have livestreamed their concerts, neighbors have held singalongs from their balconies and artists have painted vibrant, outdoor murals that bring color to public spaces that are now found empty. These paintings capture not only the devastating impact of the virus, but also show the hope there is in overcoming it. Located in places that range from Colorado to Indonesia, these murals have brought some light into a dark time.
cnbc.comFed's Bostic says new virus hasn't changed his outlook
"We did three cuts and right now they are working their way through the economy," Bostic said of the Fed's interest-rate reductions last year. "But given our past recent experience with these sorts of things, I don't think it should; it hasn't changed my outlook or my expectation about our rates path." Futures tied to the Fed's policy rate, which in early January showed most bets were on a rate cut by November, now suggest two rate cuts are likely by year's end. Bostic noted that while inflation has missed the Fed's 2% target as measured by the personal consumption expenditures price index, it is at or near target by other measures. The Fed could, he suggested, use a range of measures to judge whether it is meeting its inflation target, not just PCE inflation.
cnbc.comAmerican Airlines pilot: Crew members "lost consciousness" due to fumes in cabin
Two crew members who apparently lost consciousness on an American Airlines plane have been taken to a hospital in Dublin after fumes from spilled cleaning fluid caused an emergency landing. A spokesman for the airline said Monday that medical personnel met American Airlines flight 729 after it landed Monday afternoon. The spokesman says the two crew members who became ill were treated and released. "We've had one, actually we've had two of our flight crew staff, excuse me, the cabin staff has actually lost consciousness, I think they're back to state of consciousness now and there are general complaints about burning eyes and other problems with the mucus in the nose, skin problems." The flight landed safely in Dublin at 1:15 p.m. local time, and taxied to the gate, the airline said.
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