The Currency

The Currency is a digital publication that provides engaging, thought-provoking, and bold stories, along with analysis and investigative pieces. We equip our members with the insights they need to gain a competitive advantage in the business world.

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Future Ventures leads $36m funding round for Irish-led fusion start-up - The Currency

2 days ago | thecurrency.news | Tom Lyons

It was a warm introduction from existing investor Khosla Ventures, a venture firm set up by Vinod Khosla, the billionaire founding chief executive of Sun Microsystems, that led to the Wexford-born chief executive of Realta Fusion talking to Future Ventures. Kieran Furlong was raising a series A round for Realta Fusion, an energy start-up exploring nuclear fusion, and Steve Jurvetson, the billionaire co-founder of Future Ventures, was interested in finding out more.
Under new ownership, VMware discards its $35bn green jersey - The Currency

3 days ago | thecurrency.news | Thomas Hubert

Back in 2019, VMware formed part of the US-headquartered Dell global IT group. Its core speciality is the software used to run data centres and their cloud computing applications.
Shifting capitals: Dublin, London and the post-Brexit battle for investment - The Currency

3 days ago | thecurrency.news | Michael Cogley

In the wake of Brexit, high-profile clients of international law firm Hogan Lovells kept asking the question: Why don’t you have an Irish office? Almost overnight, Ireland’s attractiveness to financial firms had skyrocketed. Suddenly, London would no longer function as their gateway to Europe and instead they would have to look to other European cities in order to passport their services into the bloc.
“One of the reasons history on this island is so complex is that it always ends in a score draw” - The Currency

5 days ago | thecurrency.news | Dion Fanning

As a historian, and a historian with a particular interest in sport, Mike Cronin understands something about tribes. They are as important as fact and scholarly study in understanding the world around us, he believes. They are as important in the popular understanding of our past as the work historians do. Cronin’s most recent publication, written with Mark Duncan, Revolutionary Times – Ireland 1913-23: The Forging of a Nation is a wonderfully produced book, which tells the story of that decade.
Andrea Mara: “Rich people doing bad things is fun to read” - The Currency

5 days ago | thecurrency.news | Kate Demolder

The story of Susan O’Donnell’s life is neither inspiring nor allegorical. If anything, it is a cautionary tale, one that warns of what can happen when you enmesh technology with suburbia. O’Donnell, the central character in Andrea Mara’s new domestic thriller It Should Have Been You, is a secondary school teacher on maternity leave, her daughter Bella gently cooing between the successive mysteries erupting in their lives.
Revenue's hand left largely unchanged in Getty foreign royalties row - The Currency

6 days ago | thecurrency.news | Francesca Comyn

The Revenue Commissioners have been largely unsuccessful in amending the terms of a High Court tax appeal against Getty Images. The challenge relates to whether Getty, one of the world’s largest suppliers of stock images to newspapers, magazines, advertising campaigns, films, television programmes, books, and websites, could deduct foreign royalty withholding tax (RWHT) as a business expense under Irish tax law.
Jeff Leo to be cross-examined in contentious Wenning case alleging multi-million fraud - The Currency

6 days ago | thecurrency.news | Tom Lyons

Lawyers for Kieran Wallace, the Interpath liquidator appointed to Wenning Holdings, an Irish entity beneficially owned by wealthy American investor Mary Wenning, are to be allowed to cross-examine Jeff Leo, a former Morgan Stanley broker disbarred by the US financial regulatory authority in 2010. Barrister Kelley Smith, acting for Interpath, will also be able to cross-examine Colm Malone, the Wenning company’s former auditor.
Interim examiners appointed to insolvent CityJet following urgent application - The Currency

6 days ago | thecurrency.news | Francesca Comyn

Joint interim examiners have been appointed to Irish airline CityJet, following an emergency petition before the High Court on Thursday evening. It is the second time in five years the Irish airline has sought breathing space from its creditors due to the threat of insolvency. The winding down of a Lufthansa contract and airline leasing issues are among the “financial and logistical difficulties” facing CityJet, the court heard.
Carrot and stick: Amazon’s lightning strike against the streaming levy - The Currency

6 days ago | thecurrency.news | Thomas Hubert

Within five days of the cabinet being formed at the end of January, Minister for Arts, Media, Communications, Culture and Sport Patrick O’Donovan received a letter of congratulations from Amazon. Signed by Ed Brophy, a former Irish government advisor himself and now in charge of the online giant’s EU strategy and public policy, the letter highlighted the favourable Section 481 tax incentive and the work of Screen Ireland.
What went wrong at Instrotec a 25-year-old Westport contractor that employs 480 people - The Currency

1 week ago | thecurrency.news | Tom Lyons

Instrotec, a specialist electrical and instrumentation contractor that employs 480 people, faced an “exceptionally challenging” period in the first quarter of this year as three large projects all became loss-making. An independent expert report (IER) by accountant Cormac Mohan of Fitzwilliam Corporate was sent to creditors of the business in recent days, giving further insight into why the Westport headquartered business sought interim examinership last week.