Ireland may need to revise its corporate tax rules following EU moves to shed more light on the tax bills of multinationals.

Rip-off mortgage rates are an Irish problem that should be investigated by the Irish authorities, the European Commission has said.

A massive programme to unlock funding from private investors, crowd funding and insurance companies for business and infrastructure in the EU has received a mixed response.

THE European Commission has finally come to recognise the blindingly obvious: the EU’s banks are neither ready, willing nor able to become the engine for future economic growth.

Stakeholders across the EU are very supportive of the new capital markets union being proposed by the European Commission, which they say will unlock capital for business and unlock growth.

Here’s a run down of today’s business headlines.

Jonathan Hill, the EU’s financial services chief, said he will assess the suitability of global rules on bank indebtedness and funding before implementing them within the bloc.

The first steps in enlarging and creating genuine cross-border capital markets in the EU were announced by the Euroepan Commission with the potential to raise an additional €90bn of funds for business.

Draft European Union rules forcing banks to isolate their risky trading activities should be eased to take national measures into account and avoid harming markets, a senior MEP has proposed.

Get a taste of some of the interesting and quirky happenings in Europe from our Europe correspondent, Ann Cahill.

The EU should open up retail financial services to more competition to bring lower prices for consumers who will also then see how EU membership can produce tangible benefits, the bloc’s new financial chief said yesterday.

The European Union’s new financial services chief will set out his plans for a pan-European capital market by the middle of next year, aiming to reduce companies’ reliance on banks and help revive the bloc’s fragile economy.

Britain’s new European commissioner said yesterday that a row between London and Brussels over a demand for €2.1bn budget payment had become highly political and needed to be calmed down.

Team Juncker roared past the finishing post in the European Parliament, right on schedule, promising to present a €300 billion plan for investment, growth and jobs within six weeks.

EU lawmakers will quiz Jonathan Hill for a second time today after they said the UK’s nominee to be the bloc’s next financial services chief failed to satisfy them in an initial hearing last week.

Pints of beer, trays of chicken wings, RTÉ news on the TV. It was a typical Irish celebration of an election victory. Except that it was in Brussels.

Former minister Phil Hogan can expect a baptism of fire when he faces a grilling from members of the European Parliament this morning in Brussels on his suitability to become agriculture commissioner.

The new European Commission president Jean-Claude Juncker handed Britain supervision of EU financial services yesterday, offering an olive branch to a country that is weighing its future in the bloc.

In Irish terms, the appointment of former environment minister Phil Hogan as EU commissioner for agriculture and rural development can be regarded as something of a coup.

Shotgun residue was discovered in the car of a father of five abducted and murdered by republican paramilitaries at the height of Troubles, an inquest heard today.

The Football Association are searching for a new sponsor after Pepsi decided to end their partnership after the World Cup.

Sportswear company Umbro today won exclusive rights to the Three Lions crest under a new long-term kit deal with the Football Association.