File p[icture of developer Michael O’Flynn who is due to go to court  to counter US private equity fund Blackstone’s bid to take control of his  business. Photograph:  Daragh Mc Sweeney/Provision

Developer Michael O’Flynn is due to go to court today to counter US private equity fund Blackstone’s bid to take control of his property and construct(...)

Michael O’Flynn: said that both the O’Flynn Group debts and some personal loans were fully serviced with all payments up to date. Photograph: Daragh Mac Sweeney/Provision

US fund Blackstone and Michael O’Flynn look poised for a legal battle for control of the developer’s property and construction empire to which an e(...)

Michael O’Flynn said in a statement that he had begun talking to his lawyers.

US fund Blackstone and Michael O’Flynn look poised for a legal battle for control of the developer’s property and construction empire to which an ex(...)

A woman walks past a graffiti that reads “No to the debt payment” in Buenos Aires. Photograph: Marcos Brindicci/Reuters

Argentina looks set to default on its debts for a second time in less than 13 years as efforts to end an impasse with creditors suing the country b(...)

John FitzGerald: research showed successive governments had maintained welfare rates in spite of a massive increase in numbers requiring support.

Income inequality in Ireland has narrowed during the economic crisis due to the protection of welfare rates and middle-income earners shouldering the (...)

Loic Remy: scored 14 goals for Newcastle last season, before dip in form after the sale of Yohan Cabaye. Photograph: Getty Images

Liverpool have taken their summer spending over €100 million – and could go beyond €125 million in the coming days – after agreeing a €25 million fee(...)

International Monetary Fund managing director Christine Lagarde and Minister for Finance  Michael Noonan. Ireland would need the full agreement of EU member states to separate the IMF and European portions of the bailout package. Photograph: Francois Lenoir/Reuters

The Government is in discussions with its international lenders about repaying some of its bailout loans early, in a move that could save the exche(...)

Joachim Pfeiffer: said of Ireland “there were bubbles in the real estate sector, there were bubbles in the banking sector and all of this was home-made”.Photograph: Maxwell’s

Ireland has “no chance” of securing a deal on its legacy bank debt, one of the most influential figures in German politics has told The Irish Times.J(...)

IMF chief economist Olivier Blanchard: “Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.”  Photograph: EPA/Alex Cruz

The International Monetary Fund has downgraded its outlook for global growth, blaming a “weak first quarter” in which the US economy contracted and “(...)

Astana Pro Team’s Vincenzo Nibali (centre) sits inside the peloton before his fourth stage win.  Photograph: Anna Gowthorpe/PA Wire

Vincenzo Nibali claimed his fourth stage success of the 101st Tour de France to all-but seal overall victory. Nibali (Astana) added victory on the 145(...)