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The Latest Breaking News from OECD

Britain’s economy to suffer second worst growth in G7 this year

New analysis reveals only Germany will perform worse than UK, despite improved growth projections

The Independent UK

Jeremy Hunt expresses concern about cost of living crisis after OECD forecast

Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20

The Guardian - UK

Angus Taylor says Australia's core inflation is higher than all the countries in the G7. Is that correct?

Shadow Treasurer Angus Taylor says Australia has higher core inflation than all of the countries in the G7. Is that correct? RMIT ABC Fact Check investigates.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

Data exchange to fight tax evasion

Starting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit.

Bangkok Post

Ten statistics on global plastic addiction and its consequences

The UN’s annual World Environment Day on Monday comes days after negotiations on an international treaty against plastic pollution concluded Friday in Paris with 170 nations agreeing to produce a first draft of an accord by November. FRANCE 24 takes a look at the scale of the problem and its…

France 24

It's time to move beyond the welfare state to the wellbeing state

Developed economies have largely tackled poverty, disease, ignorance, hygiene and idleness. It's time for a new approach.

360info

Covid inquiry must examine impact of UK’s ‘broken sick pay’ system, says TUC

Failure to provide proper financial support left millions exposed to pandemic, says union boss

The Guardian - UK

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South Korea sold its 69-hour working week idea as a family-friendly solution. But women say the culture is stacked against them

South Korea hoped that a 69-hour working week would encourage more women to have children and solve the country's ageing population problem, but women say the real barrier is embedded in the culture.

ABC News

Tackling plastic pollution: ‘We can't recycle our way out of this’

The second meeting on a possible international treaty on plastic pollution takes place this week at UNESCO headquarters in Paris. Recycling is often touted as a solution to reducing plastic waste, but recent studies show the process poses its own risks and is no match for soaring plastic production.

France 24

Why taxing the world's biggest companies at 15% won't fix the gaping hole in global tax rules

Australia’s federal government has a plan to discourage companies from shifting profits to tax havens. The idea is to impose a “global minimum tax” on large Australian and foreign-owned companies with subsidiaries in low or no-tax countries.

The Conversation

Are US prescription drug prices 10 times those of other nations? Only sometimes

“We pay by far the highest prices in the world for prescription drugs, in some cases 10 times more than the people of any other country.”

Tribune News Service

Australia has a worse work-life balance than the US. What are we doing wrong?

Many Australians work very long hours, compared to other similar nations. This can lead to a poor work-life balance and a constant feeling of being time poor.

ABC News

NZ's budget used a 'gender lens' for the first time – the result was a win for women

All the pre-budget talk of “bread and butter”, “no frills”, targeting and reprioritisation came with a sense of foreboding. History and research tell us that budgets in general – but particularly those hyper-focused on fiscal prudence – have different, often unequal impacts on women compared to men.

The Conversation

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

Newsroom.co.nz

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The Guardian - UK

The best childcare in the world? Maybe so, but new parents in Iceland are holding out for better

Even in forward-thinking Reykjavik, finding a preschool place for the youngest infants is tough. Parents explain why

Newsroom.co.nz

Beyond the Soap Box: Where NZ doesn't pull its weight on the world stage

NZ has never come close to meeting its UN foreign aid targets, but with so many pressing issues at home this year, Stephen Knowles and John Crump examine whether we should care if we pull our weight on the world stage.

Newsroom.co.nz

Government pushed to boost foreign aid

A new review warns of "eroding" institutional knowledge in our aid programme and a gap between political ambition and resourcing.

The Guardian - AU

Australia’s road death toll jumps with fatalities still higher than pre-pandemic

National automotive body says poor data collection is limiting authorities’ ability to formulate an evidence-based response

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The Guardian - AU

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

PricewaterhouseCoopers used government secrets to help clients in Australia and the US avoid tax – a scandal that has forced resignations and threatens contracts worth hundreds of millions

The Conversation

The triple challenge facing impact investments in the developing world

The term impact investing first appeared in 2007 at a Rockefeller Foundation meeting. It is defined as an investment with the intention of generating a positive social and environmental impact as well as a financial return.

The Guardian - AU

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU

‘Slippery slope’: how Australia’s inadequate welfare traps single parents in a cycle of debt

‘Cruel’ welfare system leaves single parents struggling after their child turns eight and parenting payment is cut off, advocates say

Newsroom.co.nz

A taxing exercise for NZ's wealthiest 0.01 percent

Kitted out with new research into the shares, property and trusts of nearly 400 of the country's richest families, the Government will today discuss how to level the taxation playing field. Jonathan Milne reports.

Reason

Debate: Make Housing Affordable by Abolishing Growth Boundaries, Not Ending Density Restrictions

Why not abolish both?

The Week

Britain’s missing workers

Since the pandemic, Britain has faced a novel difficulty. Official unemployment is at its lowest point since the 1970s: at 1.3 million people, or 3.8% of working-age adults.

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