Staff leaving at Molex plant in Shannon on Tuesday. Its impending closure was ‘a global decision made on the basis that 75% of the product they manufacture in the Shannon plant is at end of life’. Photograph: Eamon Ward

US multinational Molex has announced the closure of its Irish subsidiary in Shannon with the loss of up to 500 jobs in a major blow to the region. Th(...)

 Charles Koch and his brother David, have been at the centre of political controversy in recent years for using their power to back Republican candidates.   Photograph:  John Chiasson/Liaison

One of the largest privately-owned businesses in the US, Koch Industries, is among the multinationals whose dealings are covered in the latest batch (...)

EU competition commissioner Margrethe Vestager: “We consider the Luxembourg leaks as market information. We will examine it and evaluate whether or not this will lead us to opening new cases.” Photographer: Freya Ingrid Morales/Bloomberg

A new leak of confidential documents expands the list of big companies seeking secret tax deals in Luxembourg, exposing tax-saving manoeuvers by Ameri(...)