Science museum

Energia distributes a dividend of 40 million euros; the science museum explodes for the government; and Aer Lingus cut flights – The Irish Times

energy supplier Energia distributed a dividend of 40 million euros for its private equity owners with its profits from skyrocketing wholesale power prices even as its supply business collapsed to an operating loss, writes Joe Brennan. Ultimately, profits jumped 3% to 200.1 million euros on an Ebitda basis after a volatile year for energy utilities.

Plans to build a national science museum for children were first unveiled at an expected cost of 37 million euros in 2007. They have been mired in a dispute in recent years, writes Eoin Buke-Kennedy, but the consortium set up to manage the operation has now won a landmark legal dispute in arbitration that may well force the government to build the museum in Earlsfort Terrace at a considerably higher price.

As if illness and social strife hadn’t been disruptive enough, Aer Lingus was dragged into a row at Heathrow Airport on the number of passengers it can accommodate. To meet a new cap imposed by London Airport, the Irish airline has decided to cut down one of its flights to Shannon from Heathrow each day this week.

The long-standing dispute over Apple’s tax cases in Ireland set to peak this fall, when government officials expect the European Court of Justice (ECJ) to hold hearings on the matter. Reports by Joe Brennan.

IDA Ireland’s latest labor market report does little congratulations to the post-Covid flexible working generation. He finds that more than four-fifths of job postings on LinkedIn do not offer candidates the option of working from home. This indicates little change from the pre-pandemic situation according to Eurostat figures.

Ken Foxe writes that Irish Water has paid over €10.1 million in performance-related pay to its staff over the past two years, nearly 800 employees sharing average salaries of approximately €19,000.

In his column, Eoin Burke-Kennedy asserts that Ireland’s stellar financial explosion of 2008 and the austerity bill that followedt have left us with a country with an uncompetitive, semi-nationalised banking system charging borrowers an interest rate premium over our European colleagues, alongside what seems like a multi-billion dollar puzzle. euros involving most apartments built until 2013 and a housing crisis.

In our opinion piece, John Thornhill argues that Twitter may well win against budding suitor Elon Musk in court on his aborted €43.8 billion bid for the company…and still loses.

Finally, as we come to terms with sticky summer nights, Leslie Hook warns of our growing reliance on air conditioning. Global demand for air conditioning will triple by 2050she writes, requiring additional electrical capacity equivalent to the current capacity of the US, EU and Japan combined…and not good news for our carbon emissions targets.

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