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The Latest Breaking News from OECD

AI could become the ‘new steel’ as overcapacity risk goes unnoticed

When various governments intervene to increase capacity, as they have done with steel and may now be doing with AI, we struggle with spillover effects.

Fortune

Small modular reactors have promise. But we found they’re unlikely to help Australia hit net zero by 2050

Australia’s clean energy transition is already underway, driven by solar, wind, batteries and new transmission lines.

The Conversation

Small modular reactors are a 'chimera' for now

An academy has casts its eye over the commercial viability of small modular reactors in development and finds any full-scale application is decades away.

AAP

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Coalition’s nuclear plan delaying decisions on renewables, investors say

Talk of building reactors in Australia is breeding uncertainty and delaying decisions to back major solar and wind projects

The Guardian - AU

Australian workers’ living standards have been destroyed – and there is little good news ahead

While interest rates may have peaked, the labour market is fragile and the economy is set to slow even further

The Guardian - AU

Australia bucks OECD trend with increasing trust in public sector

Survey shows what people think of public servants and governments.

The Canberra Times

Why real wages in Australia have fallen while they’ve risen in most other OECD countries

Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report.

The Conversation

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Australian families spend far more on private schooling than many other countries. Here’s why that’s a problem

If you feel like you’re paying a lot for your child’s private school education, that’s because you probably are.

The Conversation

NHS: six key challenges facing the Labour government

In 1997, Tony Blair’s election “pledge card” included a promise to cut NHS waiting lists, then totalling 1.16 million. Keir Starmer’s “first steps for change” include a similar pledge to cut waiting times, but his task is on a different scale, with 7.5 million people currently awaiting treatment. How did…

The Conversation

Two data centres in London commuter belt to be looked at by Angela Rayner in move to boost jobs

Levelling-up Secretary Ms Rayner is asking local mayors to flag planning bids with investment opportunities

Evening Standard

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

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

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The Conversation

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 Guardian - UK

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 Conversation

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

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.

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The Guardian - UK

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 - US

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 Conversation

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.

Reason

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.

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.

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