OECD: Multinationals in debt flows

Tens of billions in repayments of debt by multinationals based in Ireland to their parent companies overseas led to disinvestments from Ireland in the first half of the year, according to the OECD.

The figures come from an assessment of foreign direct investment which suggests that the US-China trade war and other global trade tensions have weighed on the growth prospects for the world economy. Foreign direct investment fell 20% in the area represented by the countries of the Organisation for Economic Co-operation and Development.