Web Summit row; investment at Virgin; and Chris Horn on the Science Gallery

Business Today: the best news, analysis and comment from The Irish Times business desk

The 2021 Web Summit in Lisbon, where more than 40,000 participants are attending. Photograph: Mario Cruz/EPA
The 2021 Web Summit in Lisbon, where more than 40,000 participants are attending. Photograph: Mario Cruz/EPA

Web Summit backer David Kelly is suing co-founder Paddy Cosgrave and the company for oppression of shareholders' rights in the second legal row to mar the hi-tech events business. Barry O'Halloran reports on the development, which came before the High Court on Wednesday. The hearing took place as the third day of this year's Web Summit was under way in Lisbon.

Charlie Taylor has been attending the summit in Portugal, reporting on positive developments for Irish companies taking part, including Boundless and Ethyca. He also discusses the event on this week's Inside Business podcast.

Virgin Media Ireland is planning to invest €200 million to upgrade its broadband network to full fibre over the next three years in a move that will lead to the addition of 500 jobs at the group. Ciarán Hancock has the story, which also sees the company's chief executive say the business is not for sale.

Ciarán also reports that the board of Trinity College has decided to continue talks with the Government to see if funding can be secured to save the Science Gallery on Pearse Street in Dublin from closing. Chris Horn reflects on the issue in his Innovation Talks column, describing how the founding ethos behind the Gallery led to the creation of a major cultural centre that could now be squandered.

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The University of Limerick has unveiled ambitious plans to create a "university town" on a 260-acre extension of its campus which could allow for closer links between the college and enterprise. Carl O'Brien has details of the initiative, which UL founding president Dr Edward Walsh says is of "European scale".

Cliff Taylor writes that the gap in economic performance in Ireland between the more populated east coast and the rest of the island is underlined in a new report from the National Economic and Social Council (NESC). The report notes the potential for the further development of the economic "corridor" between Dublin and Belfast.

In her Net Results column, Karlin Lillington delves into one of the less-publicised aspects of a recent meeting of G7 trade ministers: a so-called 'breakthrough' on principles for digital trade. She is not impressed.

Ciara O'Brien does us all a favour with her comprehensive survey of the broadband market: wireless or satellite, fibre or mobile? She outlines all the options in simple terms, answering the questions we should be asking when seeking our next provider.

Neil Briscoe does his best not to alarm when he considers the negative side of artificial intelligence, which can, at its most malicious, threaten the basics of our daily lives. Innovation is needed, he writes, but the world's biggest nations are falling behind.

Ciara also reviews Vodafone's Neo smartwatch, which costs €200 and is aimed at younger children. She suggests it represents a decent compromise for parents who want to stay in touch with their kids without jumping straight into giving them a smartphone.

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Úna McCaffrey

Úna McCaffrey

Úna McCaffrey is Digital Features Editor at The Irish Times.