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Diageo mourns the passing of CEO

Diageo announced the death of its CEO Sir Ivan Menezes.

Menezes was there at the creation of Diageo and over 25 years shaped Diageo to become one of the best performing, most trusted companies. Menezes leaves behind him, his wife, Shibani and his two children, Nikhil and Rohini. Debra Crew was appointed interim CEO with immediate effect.

Ireland 116% more expensive than the EU average for alcohol and tobacco

According to data compiled by Eurostat, the price of alcohol and tobacco in Ireland is 116% more expensive than the EU average. The cost of restaurants and hotels in Ireland is now 28.5% above EU average prices for eating out and accommodation. It claimed the large price variation is mainly due to differences in taxation.