BUSINESS EXTRA A bite of the apple

CINEWORLD will seek new funding as it an ‐nounced having dropped plans to sell its US, UK and Ireland businesses after failing to find a buy‐er. The world’s largest cinema chain said it had struck a $2.26 billion (€1.9) deal with lenders to restructure its sub ‐stantial debt and exit bankruptcy.

Gender gap

SPAIN’S National High Court in Madrid voiced gender discrimination concerns since cabin crew, 94 per cent of whom are female, re ‐ceive lower travel ex ‐penses than pilots. Air Nostrum rejected em ‐ployees’ claims, arguing that the groups were governed by different collective agreements and “did not perform work of equal value.”

APPLE’S principal subsidiary in Ireland, Apple Operations International Ltd, paid €7.7 billion in corporation tax last year.

At the same time, the com‐pany paid out $20.7 billion (€19 billion) in dividends to its California parent company, after reporting more than €63.5 billion in profits, a 2 per cent increase on 2021.

This meant the Cork‐based company and its subsidiaries delivered a daily pre ‐ tax €173.6 million over the 12 months to September 24 last year. Annual revenues rose by $11.7 billion (€10.72 bil‐lion) to $223 billion (€207.92 billion).

It remains unclear which governments received the Irish company’s taxes, which