Full coverage: US

Harcourt Developments has just sold its Las Vegas site for $14m, drawing a line under its failed scheme to build eight residential towers there. The scheme collapsed in litigation in 2008. It was to cost €1.3 billion, yet was just one of many giant schemes in Las Vegas at the time.

The establishment believes banks are different and treats them differently. This is not a cyclical and temporary issue; it is structural and permanent. A universal reality confirmed by the recent travails of Deutsche Bank.

The world still needs and therefore demands dollars. Notwithstanding the relative decline of the US economy, the dollar remains the QWERTY keyboard of the global monetary system.

The younger cohorts of the Democrats hold zero allegiance to the old Washington Consensus that guaranteed Ireland’s place in the world of global commerce. Instead, they view exports to the US with both suspicion and distrust.

Industry experts warn of a “disproportionate” impact on Ireland as new US tariffs are set to hit European exports in two weeks’ time.

Ireland is experiencing a set of complex, highly unpredictable effects from the ongoing trade wars and deeper rebalancing of trade policies is urgently required.