A look at some of the main business stories in today's newspapers

Today in the press

25 Aug The Irish Times reports that German asset manager DekaBank has emerged as the preferred bidder for the former Burlington hotel in Dublin, which was put up for sale earlier this year with a price tag of €180m.

The morning business news with Adam Maguire

Morning business news 25 August

25 Aug GDP growth of 4.3% looks achievable this year but there are some signs of a slowdown in activity, according to the latest Economic Outlook from Friends First.

Treasury Secretary Jacob Lew has engaged extensively with the Commission to express concerns related to its State aid investigations

US piles pressure on Europe over tax rulings

24 Aug The US Treasury Department has upped the pressure on Europe over the Commission's investigations into the tax relationship between five large companies and a number of EU member states.

"This is a phase of listening, of understanding and learning from one another."

EU must not rush decisions post-Brexit; Merkel

24 Aug The 27 countries that will remain in the European Union after Britain leaves must listen to each other carefully and avoid rushing into policy decisions, German Chancellor Angela Merkel has said.

Each of the company's main operating divisions - its domestic, international and discount carrier units, and its frequent flyer programme - posted record underlying earnings

Qantas posts record annual profit

24 Aug Australian airline Qantas has posted a record annual profit and declared its first final dividend in eight years, as it reaped the benefits of a painful restructure undertaken in the face of fierce global competition.

Loans for house purchases in the UK slipped 5% to an 18-month low of 37,662 in July

UK mortgage approvals slump post-Brexit

24 Aug The number of mortgage approvals in the UK slumped to a one-and-half-year low in the month after the Brexit vote, according to a high-street banking report.

PIBA said in many areas it is cheaper to buy than rent

PIBA warns 'lost generation' unable to buy homes

24 Aug Ireland's largest group of financial brokers has warned that lending restrictions introduced by the Central Bank, coupled with the shortage of suitable properties to buy, are creating "a lost generation robbed of the opportunity to buy their own homes".

State spending rose 0.6% on the quarter, contributing 0.1% to growth as authorities spend more to accommodate and integrate a record influx of migrants

German GDP rises by 0.4% in second quarter

24 Aug Higher exports, state spending and private consumption drove a 0.4% expansion in German GDP in the second quarter, more than offsetting weaker investment by companies in Europe's biggest economy.

A look at some of the main business stories in today's newspapers

Today in the press

24 Aug The Irish Times reports that the largest Gibraltar-based insurer offering Irish motor coverage is accelerating its retreat from the loss-making market, in a move seen as adding more pressure on already-soaring rates.