EVERY DAY, TheJournal.ie brings you the nine things you need to know with your morning coffee.
1. #TRADE: The Chinese Vice President Xi Jingping, who is currently on a three-day official visit to Ireland, will tomorrow sign an international trade contract aimed at enhancing relations between the two nations, the Sunday Business Post reports.
The Tánaiste called Xi’s visit an important opportunity for the country to strengthen and expand trade with the economic giant. Ireland is the only country in Europe being visited by the Chinese delegation.
2. #PRESIDENCY: The EU presidency will cost Ireland €70m when the country hosts the position during the first six months of next year, the Sunday Times has reported this morning. In contrast, the current host Denmark has limited its spending on the position to €35m.
3. #JOBS: The online payments firm PayPal is expected to announce a major jobs boost, perhaps as early as next week, according to the Sunday Business Post. The company, which already employs 1,500 people in Ireland, is reported to be in advanced negotiations with the IDA regarding a significant new investment.
4.#FIREFIGHTERS: The Irish Firefighter and Emergency Services Association is threatening legal action over what it says is Dublin Fire Brigade’s reluctance to deal with an ongoing issue over the safety of breathing apparatuses being used.
The IFESA claims that there have been “at least 8 catastrophic episodes of equipment failures” reported by firefighters using the sets.
5.# GREECE: The Greek Cabinet last night approved a new set of austerity measures, sought by the EU and IMF in return for the country’s €130bn bailout deal. Greece is to impose extra budget and public sector wage cuts worth €325m, Reuters reports.
6. #STRAUSS-KAHN: Police investigating an alleged prostitution ring in northern France have summoned former IMF-leader Dominique Strauss-Kahn for questioning. Local reports suggest he will be quizzed on if he was aware women he encountered at swinger events were working as prostitutes, AFP reports.
7. #NORTH KOREA: North Korea has threatened to attack South Korea after accusing it of planning live-fire drills near the countries’ disputed sea border. The North has called the drills a “reckless military provocation” and says it will launch “merciless” strikes if the training is implemented, AP reports.
8. #MEGAUPLOAD: US prosecutors have added more charges to their case against the file-sharing website Megaupload, which is accused of costing copyright holders more than $500m (€380m) in lost revenue. The company, whose founder is currently fighting an extradition order by the US, will now face extra charges of wire fraud and criminal copyright infringement, the Wall Street Journal reports.
9. #MIRACLE: A Swedish man has been found alive after being stuck in his snowed-in car for two months without food, according to local officials.
The car was discovered on Friday in northern Sweden, where temperatures have recently dropped as low as -30C, the BBC reports. The 45-year-old man, who was too weak to say more than a few words to his rescuers, says he became trapped on 19 December and survived by drinking snow. He remains in hospital, where he is said to be doing well ‘under the circumstances’.