The Marine Institute has recommended that offshore salmon farms should be capped at production of 7,000 tonnes. Photograph: Getty Images/Hemera

Bord Iascaigh Mhara (BIM) plans for a 15,000-tonne offshore organic fish farm in Galway Bay are in doubt, following new size guidelines published by t(...)

 Greek Finance Minister Yanis Varoufakis: ‘Regrettably, my presentation was met with deafening silence. Excepting Michael Noonan’s apt remark, all other interventions ignored our proposals.’ Above, Varoufakis and     Noonan at the start of the European Stability Mechanism (ESM) Board of Governors, ahead of the Eurogroup Meeting of Finance ministers in Luxembourg on Thursday. Photograph: EPA/JULIEN WARNAND 1:23

Last Thursday’s eurogroup meeting went down in history as a lost opportunity to produce an already belated agreement between Greece and its creditors.(...)

The Organisation for Economic Co-operation and Development has cut its 2015 growth forecast to 3.1 per cent from the 3.7 per cent it was forecasting last November

The OECD has cut its global economic growth forecast for this year but says it expects lower oil prices to ensure a gradual recovery, even if weak inv(...)

Larry Goodman. Luxembourg company Parlesse Investments Sarl has shares in, and loans out to, a range of Mr Goodman’s businesses. Photograph: Eamonn Farrell/Photocall Ireland

A Larry Goodman company based in Luxembourg made a profit of €52.6 million in 2013 and paid just 0.4 per cent tax, according to accounts in the tiny E(...)

 La Repubblica reported yesterday that Apple Italia was listed as a “consultant” for Apple Ireland, thus enabling the US colossus to transfer its Italian earnings to Ireland. Photograph: AFP

Italian media reported yesterday that Apple Italia “transferred” €879 million of profit earned in Italy between 2008 and 2013 to Cork-based Apple Sale(...)

Worker assembles new Porsche 911 sports car at the Porsche factory in Stuttgart-Zuffenhausen. Photograph: Michaela Rehle/Reuters

Euro-area business activity expanded faster than economists forecast this month, signaling that a fragile recovery in the 19-nation region is becoming(...)

The performance of the Irish economy in 2014 surpassed the expectations of many, not least those of Minister of Finance Michael Noonan. When presentin(...)

A screen showing the price of Repsol’s shares at Madrid’s Stock Exchange. The Spanish oil giant has about $10 billion in cash and short-term instruments available to make acquisitions

Repsol, the Spanish oil group, is in talks to acquire Talisman Energy of Canada, in a deal that could value the target’s equity at up to $8 billion.Se(...)

British chancellor George Osborne said last week some of “the largest companies in the world”, including tech giants such as Google, Facebook and Amazon, were using “elaborate structures” to avoid tax.  Photograph: Jens Meyer/AP Photo

Multinationals will be given 30 days to pay a 25 per cent penalty tax by the British Revenue and Customs if it decides that they have improperly shif(...)

Brendan Halligan, chairman of the IIEA, Heinz Zourek, director general of Taxation and Customs Union at the European Commission, Josephine Feehily, chairwoman of the Revenue Commissioners, and Tom Arnold , director general of the IIEA, at the IIEA Corporate Taxation Conference. Photograph: Eric Luke

There were a number of recurring themes during the conference on the taxation of multinationals held in the Round Hall of the Mansion House in Dublin.(...)