Every morning, TheJournal.ie brings you nine things you really need to know with your morning coffee.
1. #STRESS TESTS: The Central Bank governor Patrick Honohan will announce at 4.30pm the results of the third round of stress tests. Shortly afterwards, Finance Minister Michael Noonan will reveal amount of extra capital that will be needed to plug the hole in Irish banks. Estimates for this figure range from €18 billion to €25 billion. The tests are expected to set the scene for a major restructuring of Irish banking, with the nationalisation of IL&P and Bank of Ireland the likely outcomes. Trading in AIB and Bank of Ireland has been suspended from 5.30am this morning ahead of the tests.
2. #ANGLO: Anglo Irish bank has just published the worst set of results in corporate history in Ireland, confirming losses of €17.7 billion for the last year, the Irish Independent reports. Meanwhile, David Drumm, the former Anglo chief executive, is to be questioned today and tomorrow in Boston as part of his bankruptcy proceedings and in connection with debts claimed by Anglo, the Irish Times adds.
3. #LOWRY: Michael Lowry is to be censured by the Dail this morning, which will pass a motion undebated and without a vote asking for his resignation. Meanwhile, Lowry is threatening to take a case to the High Court, the Supreme Court, or event the court of human rights to clear his name, the Irish Times reports.
4. #MORIARTY: Garda Commissioner Martin Callinan has pledged that the force is determined to get to the bottom of the implications of the findings of the Moriarty Report, which is currently being investiged by the head of CAB, the Independent reports.
5. #SEVERED LIMB: Gardaí have launched a murder inquiry after the confirmation that the severed arm found on Dollymount beach last month belonged to convicted rapist James Nolan, the Irish Times reports.
6. #NICE: Silicon Republic reports that the Collison brothers, who became dotcom millionaires while they were still teenagers, have received €1.42 million in backing from Silicon Valley from two PayPal co-founders – valuing their company Stripe at close to $20 million before it launches a single product.
7. #LIBYA: Libya’s foreign minister Moussa Koussa has arrived in Britain after defecting from the Gaddafi regime saying he was “no longer willing” to serve it. But he’s a controversial figure and is likely to pose a few problems to Cameron’s goverment - for one thing, he was the mastermind behind the Lockerbie bombing, the Telegraph reminds us.
8. #JAPAN: Hundreds of evacuees from the stricken Fukushima region are reportedly being turned away by medical institutions and emergency shelters as fear of “radioactive contagion” spreads, the Telegraph reports.
9. #+1: Google has added a ‘plus one’ button to its search results, in an attempt to challenge the ubiquity of the ‘like’ button. If a user likes the website they’ve visited, they can click the +1 Button to publicly share that with those Google has identified as friends or contacts, the LA Times reports, while the Wall Street Journal describes the innovation as the search giant’s attempt to get more social.
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