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Businessman chased for €2m

a NAMA company is pursuing a Dublin businessman for a €2.1m judgment.

It is alleged security for a €1.5m loan advanced by Irish Nationwide Building Society to James O'Shea, Richview Villas, Clonskeagh, Dublin, included a mortgage over his interest in the Clonskeagh House pub.

National Assets Loan Management Ltd (NALM) claims the loan agreement was transferred to NAMA in 2010.

Mr Justice Brian McGovern agreed to fast-track NALM's proceedings seeking judgment to the Commercial Court and adjourned the matter to allow Mr O'Shea file a replying affidavit.

Quake scientists off the hook

An Italian appeals court has overturned a 2012 manslaughter conviction against six scientists and a government official for failing to give adequate warning of an earthquake in L'Aquila five years ago that killed more than 300.

Judge Fabrizia Ida Francabandera said there was no case to answer, absolving the defendants of a six-year jail sentence handed down two years ago.

The seven were accused of negligence and malpractice in their evaluation of the danger of an earthquake.

Aldi in massive UK investment

Discount supermarket chain Aldi has pledged to create 35,000 jobs in the UK as it strives for an estate of 1,000 stores by 2022.

In its latest salvo against the major grocery chains, Aldi said it plans to invest £600m in UK expansion - with store numbers set to more than double.

The plan was discussed during a visit to Aldi UK's Warwickshire headquarters by Prime Minister David Cameron.

MTV Awards a ratings success

More than 2.3 million tuned in to watch the 21st MTV Europe Music Awards in Glasgow, where rock veteran Ozzy Osbourne was hailed "global icon".

An average audience of 551,000 viewers watched the show on its first free-to-air broadcast on Channel 5, as well as an additional 97,000 across MTV UK and its sister service MTV Music.


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