A US software company called Wrike is to create 50 jobs Dublin. Seth Shaw, chief revenue officer at Wrike, says the firm chose Ireland because of the spirit of entrepreneurship here, and the available workforce. 

Mr Shaw says that Wrike is a new class of software, which essentially helps people organise their work in a better way. He says that just like the fax was replaced by email, technologies like Wrike will replace emails in the future. Within the next 10 years, Mr Shaw predicts a big shift away from technologies like emails to solutions like Wrike. 

He says the new Dublin office will be very much focused on servicing Wrike's customers across Europe. There has been a tremendous amount of growth in the popularity of the company's software across Europe, with a tripling of the business over the last 12 months. Because of the vast demand, the company decided to come to Dublin and people working in the Wrike office here will help people become aware of the company's solutions as well as helping them buy the Wrike solutions, Mr Shaw states.

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In Sligo, biopharmaceutical firm AbbVie is also announcing 50 jobs, and a €40 investment in its plant in Ballytivnan - making it a global centre of excellence for medical devices. The company said that one of the factors behind the decision to locate the centre in Ireland is the local expertise available from Sligo businesses in terms of their capability in plastic moulding and precision engineering. AbbVie is also working with Sligo IT on a new course in Medical Device excellence with an eye to skills sustainability and expansion of local workforce capability.

Niall Kerlin, AbbVie's Operations Manager in Ballytivnan, says the investment in Sligo means the site will assume a global role as the company's global centre of excellence in medical device manufacture. Mr Kerlin says a tradition has grown up in the area over the last 40 years in plastics and there are local key service providers for tool manufacturing, precision automated assembly equipment and meteorology. He says the link with Sligo IT is very important for the company, as it has built an intellectual partnership with the institution which ensures there will be medical device modules incorporated into their new four year degree programme. The new expansion at the Sligo plant will allow the company to develop its capability so it can support AbbVie's very strong pipeline for new and innovative therapies to meet the needs of patients with serious conditions, he adds.

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MORNING BRIEFS - European markets are braced for a wave of contagion from Greece today, with heavy losses for southern European government bonds and regional stock markets expected. When Asian markets opened the euro fell by almost 2%. With the prospect of Greece being forced out of the euro, the common currency fell to $1.0955 cents. The Swiss and Japanese currencies - both of which often appreciate during times of uncertainty - were broadly higher, while the dollar saw a three-week high against a basket of currencies. 

*** On Saturday the Chinese central bank simultaneously cut interest rates and reserve requirements for the first time since the global financial crisis in late 2008. It also comes after news that Greek banks were closed until July 6th, with ATM withdrawals limited to €60 a day. Foreign bank card holders will be allowed to withdraw the maximum limit set by their banks.

*** A British exit from the European Union would set the country back half a century and be catastrophic for its trade and economic prospects, billionaire entrepreneur Richard Branson said yesterday. Richard Branson said Britain would have its hands tied behind its back, be "rightly punished" by Europeans, and back to where the country was 50 years ago.  Branson, whose Virgin Group empire ranges from airlines to banking and space travel, was speaking after Prime Minister David Cameron told EU leaders last week he needed a new deal to keep Britain as a member. "We've now got a trading bloc that is equivalent to the size of America and we're on an equal footing when we're negotiating trade deals or airline deals," he said. Leaving the bloc would be "catastrophic" for Britain, he said, saying the EU had helped preserve relative peace in Europe.