Embattled car-maker Volkswagen is set to name its new chief executive today, as it tries to deal with the biggest crisis in its history.
Porsche boss Matthias Mueller is expected to get the nod, replacing Martin Winterkorn, who resigned on Wednesday after it was revealed VW had fitted millions of cars with software which allowed them to falsely pass emissions tests.
This comes as a number of Governments, including the UK and Australia begin their own investigation into the use of rigged data.
It was revealed yesterday that a diesel version of the BMW X3 sport emitted 11 times the European limit for air pollution in a road test. This led to an almost 10% drop in BMW's share price.
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Ahead of the Web Summit's move to Portugal, Fáilte Ireland has revealed that it estimates that the event was worth €37.5m to the Irish economy last year.
Some estimates regarding the value of the summit to the city placed it as high as €100m - two years ago it brought in €24m.
The event has received more than €800,000 in state funds over the last three years.
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Chair of the Federal Reserve, Janet Yellen has explained that she still believes that the Fed will raise its baseline interest rate before the end of 2015.
She said that the US is likely to avoid most of the negative effects of a global slowdown.
Ms Yellen added that the current factors which meant that the Fed held off on a rate hike, including the rising value of the dollar, and low energy costs will not last.
The Federal Open Market Committee is monitoring the risk of an overseas slowdown hurting US growth - but she does not expect them to have a significant impact on monetary policy in the US.
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Former-Greek finance minister, Yanis Varoufakis will discuss the four months which he spent fighting against Greece's international creditors at this year's Kilkenomics economics festival.
He will appear at a talk hosted by economist, David McWilliams in Kilkenny’s St Canice’s Cathedral on Thursday, November 5th.
The festival, which blends economics and comedy, will run from November 5th through to Sunday November 8th.
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A UK charity has opened an operation in Ireland to act for people struggling with their debts.
StepChange is opening a telephone service here, which will help people with debts like mortgages, credit cards and other loans.
The free service will run for three years and is being part funded by Ulster Bank, AIB, Bank of Ireland, KBC Bank, and Permanent TSB.
However its introduction is being criticised by the Irish Mortgage Holders Association, which says it was tried and failed before, with a number of institutions refusing to engage.
StepChange was piloted in 2013 under the guidance of the Central Bank.
