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THE NEWS WRAP: Ireland aims for 2000 new jobs from tech start-ups
The Irish government’s investment agency has outlined an ambitious plan to create around 2000 jobs through tech start-ups over the next two to three years.
The announcement was made at a tech summit in Dublin, as nine tech companies announced the creation of 330 new jobs.
“Ireland continues to be a global magnet for tech start-ups and I'm confident they will play a large part in shaping the future of the internet,” said Irish Taoiseach (prime minister) Enda Kenny.
Huawei NBN decision will impact free trade talks with China
The Coalition’s ban on telecommunications giant Huawei bidding for NBN contracts is putting the prospects of a free trade agreement with China in jeopardy.
“The decision on Huawei will no doubt have an impact on the free trade agreement with Australia,” a Chinese diplomat told Fairfax.
''Why should we allow Australian companies better access to China when Australia stops one of the most respected Chinese companies from doing business here?''
Joe Hockey’s tough stance on auto giants
Treasurer Joe Hockey says auto manufacturers will have to wait until a Productivity Commission inquiry into the sector is released next year before agreeing to any new assistance for the troubled sector.
“I'm not in the business of ruling things in or out. Let's have a proper process,” Hockey says.
“But we don't negotiate when it comes to taxpayer's money with a gun to our heads, we won't do that.”
The Dow Jones Industrial Average is down 0.39% to 15618.76. The Aussie dollar is up to US 94.87 cents.