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The Latest Breaking News from OECD

Papa Johns gets cheeky to power its comeback

Also: OECD cuts growth forecast, Meta plans to replace workers with AI, and Chime sets IPO price.

Fortune

OECD downgrades forecasts for UK growth as Trump tariffs hit world economy

Global growth is expected to fall below 3% for the first time since the pandemic

Evening Standard

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

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UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

The Guardian - UK

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

Euronews

Europe’s rising retirement ages: One country leads—which will follow?

Several countries have already implemented reforms to raise the retirement age. The OECD projects that by 2060, the average retirement age in the EU will approach 67, with several countries reaching 70 or more.

Euronews

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Lack of funding threatens women-led peace initiatives, UN warns

Policymakers, civil society leaders, and international organisations met in the Belgian capital on Wednesday to reflect on the progress made by the Women, Peace, and Security agenda since its implementation 25 years ago and which challenges still need to be overcome.

Euronews

NZ Budget 2025: funding growth at the expense of pay equity for women could cost National in the long run

In 1936, when the National Party was created through a merger of the United and Reform parties, there was a recognition among the power brokers that attracting women’s votes was crucial.

The Conversation

Trump's Prescription Price Controls Would Lead to Fewer New Drugs

The executive order is likely unconstitutional, but if implemented as written, it would be detrimental to the American health care market.

Reason

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

Which EU country seizes the highest amount of fake goods?

EU customs officers reported significant volumes of counterfeit goods that pose health and safety issues.

Euronews

Q&A on Trump’s prescription drug pricing executive order - Roll Call

President Donald Trump said his executive order on drug prices would lower some prices in half or more. But the details are scant.

Roll Call

Where did real wages rise and fall the most in Europe in 2024?

In 2024, real wage growth was strongest in Eastern Europe. Among the 32 European countries, it declined in only four.

Euronews

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The Conversation

Philosopher Hannah Arendt provokes us to rethink what education is for in the era of AI

In the 1954 essay The Crisis in Education, German-American philosopher Hannah Arendt argued that crisis can act as an opportunity to revisit questions that have produced presumed and outdated answers.

The Conversation

New recommendations for regulating neurotechnology in Canada include protecting Indigenous rights

With Canada’s federal election behind us, we can now focus on a renewed commitment to our values and to economic growth. Both entail a commitment to the health and well-being of Canadians.

The Independent UK

Trump is slashing US spending on climate aid. But all is not lost

IN FOCUS: Developing countries will be hit hard by the US president’s decision to cut all aid spending on climate projects, writes Nick Ferris. But other countries will fill some of the gap left by the Trump’s retreat, writes Nick Ferris

The Conversation

Indonesia’s ‘thousand friends, zero enemies’ approach sees President Subianto courting China and US

For much of April and into May, a team of negotiators from Indonesia have been in Washington to discuss trading relations between the world’s largest economy and another forecast to be in the Top 5 within a generation.

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Euronews

Europe’s top tax breaks for the rich – see how countries compare

A number of countries, eager for investment and tax revenue, are hoping to become magnets for the wealthy.

The Guardian - UK

‘Conversation on future of aid long overdue’: UK looks to lead response to swingeing US cuts

Huge cuts by Trump administration to international aid budgets has left a vacuum and Britain is looking to lead efforts to find a path forward

Euronews

Average salaries across Europe: Which countries have the highest pay?

Euronews takes a closer look at how average full-time adjusted salaries vary across Europe, both in nominal terms and in purchasing power standards.

The Guardian - UK

‘It’s pretty bad’: Bank of England top official on the lack of female economics students

Deputy governor Clare Lombardelli calls for more women and people from poorer backgrounds to take key subject

The Guardian - UK

British men urged to join ‘Dad strike’ calling for more paternity leave

Exclusive: Fathers planning protest with babies in London on 11 June to highlight UK’s ‘rubbish’ statutory leave, least generous in Europe

Euronews

Personal income tax rates in Europe: Where do workers pay the highest and lowest taxes?

Personal income tax rates vary significantly across Europe, with Nordic countries paying the highest and Eastern European countries the lowest. Euronews takes a closer look at the key factors that influence how much individuals pay in tax.

The Guardian - UK

In charts: the scale of England’s temporary accommodation crisis

Cash-strapped councils are running out of money to deal with rising numbers of people without permanent homes

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