Opening Bell: Irish beef's US boost, fintech disruption, renting in Ranelagh

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Irish beef is to be sold in the US as a premium meat.

It means that meat from selected farms here can be stamped with the official D-A seal of approval which guarantees the animal was raised on a more than 80% grass diet, in a sustainable manner on a fully traceable family quality-assured farm; that it’s been raised without the use of growth hormones and that the use of antibiotics has been reasonable.

The deal was reached after three years of talks between American Agriculture bosses and Bord Bia.

It marks the start of a week-long trade mission to the United States by the Minister for Agriculture Michael Creed.
 
Irish beef was the first from the EU to be authorised for sale in the US in 2015, but sales there to date have been of non-branded, generic manufactured beef – or mince - for use in products like burgers.

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Ranelagh in Dublin is the worst place to invest in property according to new figures.

With an average price of over €700,000 the southside village is also the most expensive place in Ireland to buy a house and has the lowest rental yield.

According to the CSO stats, The best places to invest in Dublin include Ballyfermot and Cherry Orchard, outside of Dublin, Longford and Roscommon are the best places to snap up a property.

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The majority of Irish financial services firms expect to lose up to 40% of their current revenues over the next five years due to the impact of nimbler more technologically innovative so-called fintech operators in their markets.

According to a newly-published PWC survey, the majority of Irish firms believe they do not have the commercial skills to take full advantage of their own innovation activity and plan to increase their partnership role with third-party fintech firms as a result.

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Media giant, Time Warner, has teamed up with the recently-floated Snapchat to produce original video content for the social media platform in a two-year deal valued by Reuters at up to $100m.

Time Warner, which owns HBO and CNN will produce scripted drama and comedy sketches for Snapchat and will also advertise on the platform.

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