Thursday's business news
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What are the main business stories covered today?
Breakfast Business with Enterprise Ireland on Newstalk.
Good morning and welcome to Breakfast Business and thank you as ever to Shane Beattie. It is Thursday, the 16th of October at 6.31. Coming up on today's show, we'll be looking at whether rural broadband at home is now faster on average than urban internet speeds. And we'll be chatting to the boss of the car buying website, CarZone, and all the markets as usual. You can email us, business at newstalk.com. But first, let's have a look at the main business stories in the newspapers and websites. Martin Wall in the Irish Times reports that the Institute of Directors Ireland has urged the government to look at reforms to the existing code of practice...
for the governance of state bodies to boost accountability, transparency and oversight. The IOD also said that while there continues to be a strong appetite to serve on boards of state bodies, many potential candidates were concerned about damaging their own reputation in taking up such positions. While 72% of respondents expressed an interest in applying for a state body board position, 60% of respondents identify personal or reputational risk as a deterrent to applying or reapplying for such a role. In a paper, the IOD recommended parent departments should work better with state bodies to clarify matters reserved for board decision-making versus matters requiring ministerial or parent department approval.
Ian Curran in the Irish Times reports that the US technology giant Workday has said it plans to invest €175 million to establish a new AI centre of excellence in Dublin, creating 200 jobs over three years. The company, which makes cloud-based business software, said the IDA supported investment. Investment expands the role of Workday's headquarters in Dublin within its global R&D operations. The new AI centre will focus on product development, AI upskilling, academic fellowships and Irish tech companies.
How is rural broadband performance compared to urban speeds?
Charlie Taylor in the Business Post reports that Patrick and John Collison, the founders of Stripe, have invested in a $23 million Series A funding round for flow engineering. The startup is aiming to accelerate the future of hardware development. breakfastbusiness with Enterprise Ireland on Newstalk
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