Giant pension firm Pimco sees a 70% chance the world economy enters a recession over the next three to five years as ultra-loose monetary policy from the US to Europe comes to a halt.

The Public Accounts Committee’s report in Project Eagle has found it was not appropriate to give preferential treatment to any organisations engaged in the final stages of a bidding process for the purchase of assets owned by the State, or involved in a tendering process under public procurement.

NAMA has been criticised for failing to investigate the circumstances of an alleged fixer's fee to be paid to a former advisor.