Opening Bell: Apple's new phone, Brexit 'shock,' French flight disruption

Get up to speed with today's breaking Irish and international business news...

Apple hopes to maintain its position as the world's leading smartphone manufacturer as it is expected to unveil a new smaller iPhone later today.

The iPhone SE is due to be the second mid-cycle phone update from Apple, returning to the smaller screen dimensions of the iPhone 5, and offering an entry-level option for shoppers as the company faces increasing competition from firms selling cheaper mid-spec phones.

New iPad models and accessories for the Apple Watch as also expected to be unveiled today.

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A UK vote to leave the European Union could cost the UK economy £100bn and 950,000 jobs by 2020, according to research commissioned by the Confederation of British Industry.

The CBI said Brexit would deliver a "serious shock" to the economy regardless of any trade deals the country could negotiate with its former European partners.

"This analysis shows very clearly why leaving the European Union would be a real blow for living standards, jobs and growth," CBI director-general Carolyn Fairbairn said in a statement.

This latest piece of research comes days after the London School of Economics published a report which said that Ireland will "suffer the largest proportional losses” of any country other than the UK if a Brexit takes place.

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The EU is being asked to take action to prevent passenger disruption from industrial action by air traffic controllers.

ATC personnel in France have downed tools in a row over plans to lower pay rates for new staff.

The strike began yesterday and will continue until 5:00am tomorrow.

Passengers travelling to France are asked to check with their airline's website before heading to the airport.

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32 percent of the public think that the State should build more houses to ease Ireland's housing crisis.

Research carried out on behalf of pensions company Royal London showed that 28 percent of people are in favour of strict rent controls while one in five think that there needs to be less "red tape" when it comes to building houses.

A further 19 percent believed that the best approach is to offer financial incentives to encourage landowners and developers to build more houses.