Opening Bell: EU ruling on Apple's taxes, Irish sentiment rebounds, Brexit threatens Europe's future

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Irish Government officials are on standby to appeal a negative finding in the European Commission's probe into Apple's tax payments in Ireland.

Fianna Fáil is ready to back such an appeal - but it remains to be seen if members of the Independent Alliance will follow suit.

The Irish Independent reports that these TDs will be given a special briefing before the ruling is announced.

If the EU rules that Apple was given a 'sweetheart deal' the US firm will be required to repay billions in back taxes to the Irish state.

Fiscal rules dictate that a windfall payment would need to be used to repay public debt.


New figures show a rebound in consumer sentiment following the Brexit vote, according to the Bank of Ireland.

Its Economic Pulse monitor rose by 2.5 points to 93.7 in August - clawing back a quarter of the dip in the previous month.

Loretta O’Sullivan, chief economist at the bank commented on the figures: 

"Although there has been a rise in sentiment, many consumers and businesses are still assessing the potential impact of Brexit. We will be closely monitoring the situation over the coming months."


The Brexit vote may send the EU 'down the drain' according to the German vice chancellor.

Angela Merkel's second in command warned the European Union could collapse if Brexit negotiations are done badly.

Sigmar Gabriel also said Britain couldn't keep the 'nice things' about Europe without taking any responsibility.

It comes as British Prime Minister Theresa May prepares to meet her ministers on Wednesday to discuss their priorities for the Brexit negotiations.


College students continue to be hit by the housing crisis with a major hike in on-campus accommodation.

According to a survey by the Irish Independent, rents have increased by up to €760 for student accommodation this year

UCD is the most expensive college to live on campus - with their cheapest option costing almost €6,000 per year.

Trinity is the second most expensive, followed by Maynooth and NUI Galway.