Opening Bell: The Panama Papers fallout, fresh property price data, 320 tech jobs for Dublin

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The biggest leak of financial information in history claims 12 world leaders are implicated in hiding wealth in offshore accounts.

The details in 11 million files from a Panama law firm also appear to contain links to FIFA's ethics committee.

Here at home, The Irish Times is reporting that a company with an address in Drumcondra in Dublin is linked with arms deals in India, the Philippines and elsewhere.

Gerard Ryle is from the International Consortium of Investigative Journalists,which obtained the papers, he says the Panama Papers have links to Russia's president Vladimir Putin:


The release of the Panama Papers detailing the offshore financial structures of wealthy clients is a crime, according to the law firm at the centre of the scandal.

Millions of documents have been leaked to media organisations across Europe apparently showing how the rich and famous can exploit secretive offshore tax regimes.

The files were leaked from the database of Mossack Fonseca, the world's fourth-biggest offshore law firm.

Ramon Fonseca, one of the founders of the Panamanian firm, told AFP the data breach is a "crime" and an "attack" on Panama, "This is a crime, a felony. Privacy is a fundamental human right that is being eroded more and more in the modern world.

"Each person has a right to privacy, whether they are a king or a beggar," he said.

Meanwhile, NSA whistleblower Edward Snowden has described the papers as the biggest leak in the history of data journalism, adding that "courage is contagious."


There is more evidence that house prices in Dublin are growing at a slower pace than the rest of the country - and that this trend is likely to continue through 2016.

The prices of newly listed houses in Ireland experienced "renewed price momentum" during the first three months of 2016, increasing by 2.1% nationally, and by 0.9% in Dublin.

The report adds that there is still "more room for catch-up" outside of Dublin. The capital and commuter belt counties account for 75% of transactions that exceed €220,000.

It adds that low housing supply and limited homebuilding activity are the main factors affecting the Irish property market.


320 technology jobs have been announced for Dublin, the positions at Hubspot will be based at the company's new offices in the Docklands, and will be advertised and filled over the next 3 years.

The new jobs will be in the areas of software, sales and support, at Hubspot's European and Middle East Headquarters in Dublin.

Meanwhile, the car rental company Enterprise has announced it is creating 75 new jobs as it expands its business in Ireland.

The new positions are to come on stream in the coming year at branches around Ireland.

They include more than 60 Management roles and 15 part-time positions in the customer service department.


Additional reporting from IRN