The debt-ridden economy is officially expected to shrink by 2.3% this year and 0.5% in 2016

Greece to unveil painful 2016 draft budget

05 Oct Greece will unveil a painful 2016 draft budget today meant to satisfy international creditors, projecting the economy will stay in recession next year before returning to growth in 2017.

Volkswagen's board meeting on Wednesday will discuss the latest findings of its internal investigation

Volkswagen to hold extraordinary board meeting

05 Oct Volkswagen's supervisory board will hold an EGM on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20-member controlling panel, sources say.

England's five pence charge per single-use bag is intended to reduce litter and protect wildlife.

England brings in plastic bag charge

05 Oct Shoppers in England faced paying a charge for plastic carrier bags from today in a move aimed at helping the environment, although smaller, independent retailers are exempt from the rule.

Morning business news with Conor Brophy

Morning business news - October 5

05 Oct Multinational corporations here will likely have to disclose a much greater level of detail to Revenue if recommendations due to be published today by the Organisation for Economic Co-operation and Development on global tax rules come into force.

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

Today in the press

05 Oct Ireland's credit union movement is examining ways it could position itself as a viable "third force" to the two pillar banks, by adopting a new structure akin to that of co-operative banks across Europe.

As a result of increased tax and non-tax revenue and reduced expenditure the Exchequer deficit in 2015 now stands at around €2.1bn

Tax revenue 5.8% ahead of target for 2015

02 Oct Latest figures from the Department of Finance show tax revenue for the year is 5.8% ahead of target, with €31.6bn collected up to the end of September, representing a year-on-year increase of €2.74bn - with this figure €1.74bn ahead of target.

The German carmaker needs to fix software that allowed it to cheat emissions tests, the discovery of which has sparked the biggest business crisis in its 78-year history

VW under pressure to give details of refit plan

02 Oct Volkswagen is under pressure to give details within the next week of its plan to refit up to 11 million diesel vehicles, with its US chief due to testify to lawmakers next Thursday and German regulators also demanding swift action.

Job growth came in well below analyst estimates of 205,000, and the department revised the August level down sharply to 136,000 jobs

Latest US job growth figures disappointing

02 Oct The US economy added a disappointing 142,000 jobs in September, pointing to slower economic growth, while the unemployment rate held steady as expected at 5.1%, according to Labour Department data.