The International Monetary Fund (IMF) will not participate in a new Greek bailout until the country establishes an “explicit and concrete agreement" on debt relief from its European creditors.
In order to secure financing from the IMF Greece will need to reach a debt relief agreement with its partners in the eurozone.
Throughout the initial bailout negotiations European countries openly opposed the idea of debt relief - but this stance has softened since the Syriza-led government agreed to impose fresh austerity measures to secure new funding.
The IMF has said that a new bailout for Greece would be unsustainable without a debt relief package.
“There is a need for difficult decisions on both sides. One should not be under the illusion that just one side can fix the problem,” said an official from the IMF.
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Up to 300 new jobs are being created in Cashel in Co Tipperary.
US generic drugs giant Amneal has purchased the 200,000 square foot former Johnson and Johnson plant on the Cahir Road.
The operation will be dedicated to research and development, and the production of inhalers and biosimilars.
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The US economy grew by 2.3 percent during the second quarter according to figures released by the country's Bureau of Economic Analysis.
This was below analysts' expectations, growth of 2.7 percent had been forecast - but it is a healthy improvement on the shock 0.2 percent contraction that the economy experienced in the first quarter of 2015.
Strong exports helped the economy - it remains to be seen if the upturn in the US will be deemed strong enough to prompt an interest rate hike from the Federal Reserve in September.
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Shares in business networking site LinkedIn initially jumped by 14 percent after its second quarter results were released yesterday - before crashing during the earnings call, ending down 5 percent.
The company's revenues climbed to $712m - against analysts' estimates of $6.8m. This was a year-on--year increase of 33 percent.
Its stock fell when the company revealed the scale of its spiraling costs, and new lower-than-expected final year earning projections.
