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The Latest Breaking News from OECD

US Senate Divided On Landmark Tax Deal Ratification

US Senate's failure to ratify global tax deal may lead to tax war among nations, impacting tech giants. OECD's efforts to close tax loopholes face challenges.

Top News

Longer life expectancy brings growing disease burden

Australians' life expectancy now ranks fourth in the world but three in five people have a long-term health condition as a result of their enhanced longevity.

AAP

Junior doctors could strike under Labour, union warns as five-day walkout begins

Junior doctors warn strikes could continue despite Labour shadow health secretary Wes Streeting’s promise of talks on July 5 if party wins general election

Evening Standard

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UK needs system for recording AI misuse and malfunctions, thinktank says

Centre for Long-Term Resilience calls on next government to log incidents to mitigate risks

The Guardian - UK

For the next prime minister to solve the UK’s productivity problem, they must attract more foreign investment – here’s how

The British economy has a serious productivity problem that will have to be addressed by the next government. According to data from the OECD (the Organisation for Economic Co-operation and Development), productivity measured as GDP per hour worked in the UK only rose 4% between 2015 and 2022. The average…

The Conversation

Investment in UK has trailed other G7 countries since mid-1990s, IPPR says

Institute for Public Policy Research urges Labour and Conservatives to reverse planned cuts

The Guardian - UK

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country.

The Conversation

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To-do list got you down? Understanding the psychology of goals can help tick things off – and keep you on track

It feels like we are living in busy times.

The Conversation

Great Britain?: How We Get Our Future Back by Torsten Bell review – a roadmap to the new normal

The economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping decline

The Guardian - UK

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

The Guardian - UK

Infant mortality is rising and births are plummeting. This is the legacy of 14 years of Tory cruelty

Grim figures show that children in poverty are dying needlessly. We desperately need a government that puts them first, says Guardian columnist Polly Toynbee

The Guardian - UK

US maternal mortality rate far higher than in peer nations, report finds

Alarming disparities persist, particularly between white and Black mothers, according to new report by Commonwealth Fund

The Guardian - US

Early childhood education was largely missing from the budget, undermining other education spending

Despite a NZ$1 billion increase in spending on education in the 2024 budget, there was a noticeable absence of any substantial investment in early childhood education (ECE). This contrasts starkly with the money put aside for primary and secondary education, particularly in areas such as literacy.

The Conversation

The Mirage of China's I.P. Theft

As allegations of intellectual property theft swirl, a deeper look reveals a tale of phony numbers and twisted data.

Reason

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Axios

Climate finance pledge tops $100 billion goal, two years past deadline

The delay in fulfilling the pledge, which was made in 2009, generated resentment and doubts among developing nations.

The Conversation

Suddenly, there’s talk about Labor reforming company tax. What did minister Ed Husic say, and what might actually work?

When politicians talk about business tax reform, and talk about using it to stimulate investment, they are usually referring to one of (or a mix of) three things:

Radio France Internationale

Rich nations met $100bn climate finance goal two years late

Wealthy countries finally met their target of providing $100 billion in annual climate aid to poorer countries for the first time in 2022 – two years behind schedule, the OECD said on Wednesday.

The Conversation

NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right

On the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation.

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The Guardian - UK

Sunak dashed for July election because hopes of UK economic recovery are fading

Prime minister knows economy is likely to be in even worse shape by autumn or winter, but summer’s good news won’t impress a battered public

The Guardian - AU

Raising jobseeker is not ‘fiscally sustainable’? Sorry, but that is flat out wrong

Never fall for the line that lifting people out of poverty and reducing inequality is a task too complex or costly to undertake

The Conversation

Australian teenagers are curious but have some of the most disruptive maths classes in the OECD

Australian teenagers have more disruptive maths classrooms and experience bullying at greater levels than the OECD average, a new report shows.

The Guardian - AU

Australian school students most bullied among comparable English-speaking countries, report finds

One in five students say they have been made fun of by peers as experts warn classroom disorder is leading to poorer school outcomes

Top News

OECD Urges RBNZ To Maintain Restrictive Policy For Inflation

OECD advises RBNZ to maintain a restrictive monetary policy to manage rising inflation in New Zealand for economic stability.

The Guardian - UK

Should the Bank of England cut interest rates with Britain’s economy in bloom?

The UK is expected to come out of recession, but it would be wise not to expect a reduction any time soon

Evening Standard

OPINION - Rishi Sunak's 'comeback narrative' collides with economic reality

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

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