Opening Bell: Vestager in Dublin, out-of-pocket farmers, quitting your job

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TDs and Senators will be hearing directly from the EU Commissioner behind the Apple tax ruling today.

Competition Commissioner Margrethe Vestager is set to appear before the Oireachtas Finance committee. The Danish politician will gove further details about the Commission's ruling that Ireland gave Apple preferential tax treatment.

The Government is appealing the decision that means Ireland would have to recoup €13 billion euro in tax from the tax giant.

Committee member Paul Murphy of the Anti Austerity Alliance thinks today's meeting will be uncomfortable for the Government:

"The committee is an opportunity to hear the facts that will be a real embarrassment to the Government for how they have collaborated in this massive tax avoidance."


January 31st – that's today – is reportedly the most likely date for workers to tell their boss they're quitting.

That's according to British research from the financial services firm Crunch. Researchers have also found that almost one-third of workers are doing extra hours on top of their main job, chiefly because they need the money.

Crunch's Jason Kitcat explains why workers hand in their notice around this time:

"They wait for the January paycheck before handing in their notice, is what we think.

"We know that one in 10 Brits are considering starting a business in 2017. And 44% of them would be willing to get a drop in salary if it meant pursuing their passions."


Farmers are protesting in Dublin over €35 million they are owed in payments by the Department of Agriculture.

The Irish Farmers' Association (IFA) has said the four-month delay in making payments under the GLAS environmental scheme is unacceptable.

It is though that roughly 9,000 farmers who have carried out works under the scheme are now out of pocket.

The department has attributed the delay to problems with its IT system.

IFA spokesperson Joe Brady says that excuse is wearing thin with farmers:

"They've paid their planners, they've paid their contractors, they've incurred the costs, they're out of pocket, they're due their money and, at this stage, they want payment."


Deutsche Bank has been fined almost $630 million (€589m) by British and American authorities over alleged money laundering in Russia.

The scheme saw clients convert Russian-bought stocks to dollars to illegally move $10 billion out of the country.

The fine arrived on Monday following New York State's Department of Financial Services (DFS) claims that the money was moved using 'mirror trades' among the bank's London, Moscow and New York offices.

US regulators say the bank missed numerous opportunities to detect what was going on.

The fines come less than two weeks after Deutsche finalised a $7.2bn settlement with the US Department of Justice over its role in the 2008 global financial crisis.