OECD secretary-general Ángel Gurría and Britain’s chancellor   Philip Hammond: the Paris-based think tank was accused of being “a leading advocate of Brexit pessimism”. Photograph: Matt Dunham/PA Wire

Philip Hammond was taking no questions on Tuesday as he dashed away from a joint press conference with the Organisation for Economic Co-operation and (...)

China’s president Xi Jinping. The OECD ranks China 59th out of 62 countries in terms of its openness to foreign direct investment. Photograph: Bloomberg

A European business group has called on China to open up the state-dominated economy if it wants to reverse falling foreign investment inflows. Relea(...)

Wim Verbraeken, CEO of KBC Bank Ireland: said the help-to-buy scheme for first-time buyers served to “actually reinforce demand and it translated very quickly into higher house prices”. Photograph: Alan Betson

The new Minister for Housing Eoghan Murphy is certainly racking up support for his plan to review and potentially scrap the help-to-buy scheme, which (...)

Pascal Saint-Amans, director of the OECD centre for tax policy and administration, said the deal would “kill treaty shopping”. Photograph: AFP

About 70 countries including the Republic launched a new international tax convention on Wednesday to prevent multinational companies from “treaty sho(...)

Minister for Finance Michael Noonan: said the revenue boost was a “transitional feature” of the changeover to new EUrules on VAT. Photographer: Jasper Juinen/Bloomberg

Value-added tax revenue has been temporarily flattered to the tune of as much as €350 million over the past two years by technology multinationals run(...)

Iceland’s weak krona has helped to fuel a tourism boom. Photograph: Reuters

The end of Iceland’s nine years of capital controls this week is an occasion to celebrate for Icelandic businesses – and for those economists who, lik(...)

The Paris-based OECD estimates global economic growth will run at 3.3% this year before reaching 3.6% in 2018

A modest recovery under way in the global economy is at risk from economic nationalism and diverging central bank policies, the OECD said on Tuesday a(...)

Gender gap: Irish boardrooms have an 18 per cent female participation rate, compared to 22 per cent in the UK, 34 per cent in France and 16 per cent in the US. Illustration: Getty

The pay gap between men and women in Ireland is 6.5 percentage points wider than it was in 2012, according to new figures. The divide narrowed sligh(...)

If the January level of oil production is maintained, the output reductions combined with strong demand should help ease the record stock overhang in the next six months by some 600,000 bpd. Photograph: iStock

Global oil output plunged in January as Opec and non-Opec producers curbed supply to accelerate a market rebalancing following one of the largest oil (...)

 Angela Merkel: the legislation is designed  to discourage firms from transferring patents, licences, concessions and market rights to other countries that either apply low taxes or none at all. Photograph: Hannibal Hanschke/Reuters

Chancellor Angela Merkel’s cabinet is expected to approve a measure on Wednesday to close a tax loophole used by foreign companies operating in German(...)