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A lifeboat collects some of the packages of cocaine floating offshore near the rescue scene off Mizen Head yesterday. One man is in custody and another suspect is recovering in hospital after 1,500kg of cocaine were recovered from the sea.
Photograph: Richard Mills/Provision
U-turn on parking charges to promote public transport
Dublin City Council proposes to allow commuters to park free of charge in residential areas to encourage drivers to switch to public transport to access the city-centre in a reversal of its paid parking policy.
Exchequer to end year €622m in deficit, ESRI warns
Public finances will end the year in deficit as a result of a slowdown in the economy, while house prices will fall 3 per cent, according to a new forecast.€105m cocaine seizure after boat capsizes is biggest ever
Gardaí, the Navy and Coast Guard were due to resume a search operation this morning off the west Cork coast after the recovery from the sea yesterday of the State's biggest cocaine haul.
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World
Eighth suspect linked to bomb plot arrested
BRITAIN/Investigations: An eighth suspect connected
to the failed car bombs in London and Scotland has been arrested,
the British police said last night. The man was arrested "at an
undisclosed location", the police said in a statement but did not
confirm reports that the arrest had taken place abroad. pPutin makes fresh offer to Bush on missile defence
US: Russian president Vladimir Putin has made a fresh proposal to resolve his country's dispute with the United States over a proposed missile defence system Washington wants to base in Poland and the Czech Republic. pDink murder trial opens in Turkey
TURKEY: The 18 men accused of murdering a prominent
Armenian-Turkish editor appeared in an Istanbul court this morning
at the start of a trial widely seen as a test of the effectiveness
of Turkey's judicial system. pObama has financial edge as fund hits $32.5m
US: Barack Obama has raised $32.5 million for his presidential campaign in the past three months, breaking all records for a Democratic candidate and giving him a financial edge over frontrunner Hillary Clinton. p
Ireland
Failings of hostels for trafficked children raised
The Ombudsman for Children has expressed concern to the Government that children being trafficked into the country are accommodated in privately-operated hostels which lack sufficient staff or security. pNo more prosecutions in Murphy case
The Director of Public Prosecution (DPP) will not be seeking further prosecutions in relation to the death of Brian Murphy, the teenager who died after a fight outside Dublin's Club Anabel in August 2000. pO'Reilly trial told skull fracture killed Rachel
Rachel O'Reilly tried to defend herself as she was struck on the head a number of times, suffering a fractured skull which caused her death, a murder trial jury heard yesterday. pCode of practice urged for farmers' markets
Disappointment at the attitude of local authorities towards the
development of farmers' markets was expressed by Minister for
Community, Rural and Gaeltacht Affairs Éamon Ó Cuív
yesterday at a conference held to consider their future. pInflation top of agenda for Ictu forum
The impact of inflation on the pay increases under the current Towards 2016 national agreement will dominate the agenda at the biennial conference of the Irish Congress of Trade Unions (Ictu) this week. pCrosbie firm buys €100m theatre being built in Dublin docklands
Dublin entrepreneur Harry Crosbie's Point Village Company has
bought the 2,200-seat theatre currently under construction at Grand
Canal Square in Dublin's docklands. pJust seven days of Oireachtas business in four months for TDs
TDs elected to the 30th Dáil will have engaged in parliamentary business for only seven days in four months because Oireachtas committees will not be established until the autumn. pMaking Waves: Donegal surfer braves renowned white caps off Co Clare coast
Surfers from around the world visit Co Clare each year to tackle
huge waves known as Aileens, below the Cliffs of Moher. pEU warns Government over pricing of tobacco products
The European Commission has issued a further warning to the Government over its policy of setting a minimum price on tobacco products to protect public health. p
Finance
Cullen to lose €175m revenues in takeover by Renault
Millionaire motor distributor Bill Cullen will lose annual
revenues of approximately €175 million as a result of
Renault's decision to take control of its Irish franchise from his
group Glencullen. pCRH spent almost €1bn on acquisitions in last six months
Building materials giant CRH has spent close to €1 billion on acquisitions over the past six months. pFF did not declare Glencullen donation
A €9,330 donation to Fianna Fáil from Renault distributor Glencullen Holdings in 2005 was not mentioned in any of the party's statutory declarations for that year with the Standards in Public Office Commission. pManagers get green light for Calyx buyout
Shareholders in IT services group Calyx have voted in favour of a management buyout of the company led by chief executive Maurice Healy. p
Sport
Da Silva to bolster Arsenal's attack
SOCCER: Arsene Wenger yesterday took the first step towards replacing Thierry Henry by signing the little-known Croatian striker Eduardo da Silva from Dinamo Zagreb. The Brazilian-born 24-year-old has been the leading goalscorer in Croatia over the past two seasons but has no experience in any of Europe's top leagues. pRain gives Serena relief
TENNIS: Hot tears and cold weather dominated Centre
Court yesterday as the Williams family found out that the seventh
day does not always bring rest. Both sisters took to the courts,
Serena to the main arena, Venus to the graveyard of the
champions. pDerry get Hearts old boy
SOCCER: Former Scotland international John Robertson will watch Derry City's League Cup quarter-final away to Cobh Ramblers this evening before heading north to be unveiled as the club's new manager at lunchtime tomorrow. p
