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The Latest Breaking News from OECD

UK on brink of recession and will fall behind all major economies except Russia, OECD warns

Zero growth forecast for Britain next year and global average slashed to 2.8 per cent

The Independent UK

OECD slashes global growth forecasts, urges Australia to keep shifting to renewable energy as Ukraine war continues

The OECD says the war in Ukraine is a humanitarian disaster, and the economic shock will make inflation higher and more persistent

ABC News

UK to be major economy worst hit by Ukraine war, says OECD

Thinktank forecasts UK growth to slow to standstill in 2023, as impact of conflict felt

The Guardian - UK

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Hunter e-scooter trial can't skate past the issues seen elsewhere

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

American tourist stunned after only being charged $31 for night in Morocco hospital

The 23-year-old travel blogger was terrified his overnight stay at Moroccan hospital would bankrob him

The Independent UK

ILO lists NZ among labour 'abuse' cases

Fair Pay Agreements will be scrutinised on the global stage, alongside the policies of a select group of countries accused of child labour, trafficking and violent repression, reports Rebe

Newsroom.co.nz

Window closing for US to implement global corporate tax deal

With midterm elections fast approaching, Democrats’ window to follow through on the Biden administration’s plan for rooting out tax havens and raising taxes on global companies’ foreign profits may be closing.

Tribune News Service

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Window closing for US to implement global corporate tax deal - Roll Call

Democrats’ window for rooting out tax havens and raising taxes on global companies’ foreign profits may be closing.

Roll Call

People in US and UK face huge financial hit if fossil fuels lose value, study shows

Strong climate action could wipe $756bn from individuals’ pension funds and other investments in rich countries

The Guardian - UK

UNICEF Accuses Wealthy Countries of Creating Unsafe Environment for Children

A new UNICEF report has revealed that children in the world’s wealthiest countries grow in a relatively healthy environment.

Asharq Al-Awsat

Be wary of growing exports

The growing consumption in rich countries has come at a cost for developing countries such as India

The Hindu

‘Historic’ global tax deal on multinationals delayed until 2024

Some doubt the OECD-brokered agreement, which would levy more tax on the world’s largest firms, will ever be implemented

The Guardian - UK

OECD chief sees global digital tax deal pushed back to 2024

The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax deal may take a year longer to implement.

Reuters

Whether it was climate, integrity or the economy, no topic was safe from political spin in the 2022 election campaign. Here are the facts

Politicians were spinning hard for Australian's votes during the 2022 election. So who got their facts straight, and who missed the mark?

ABC News

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The Guardian - AU

Australia’s greenhouse pollution from coal higher per person than any other developed country, data shows

Despite the growth of renewable energy, Australia’s per capita coal emissions of 4.04 tonnes of CO2 a year is nearly four times the global average

The Guardian - AU

Gas industry and Coalition reach for a get-out-of-catastrophe-free card in climate crisis Monopoly

Carbon capture and storage isn’t working close to a scale that would significantly lower emissions – despite billions in taxpayers’ cash thrown at it

ABC News

Josh Frydenberg says Australia has achieved a greater reduction in emissions than New Zealand, Canada and the OECD. Is that correct?

Treasurer Josh Frydenberg says Australia has achieved a reduction in emissions of 20 per cent on 2005 levels, which he says is greater than New Zealand, Canada and the OECD. RMIT ABC Fact Check investigates.

The Guardian - AU

Factcheck: Scott Morrison says Australia is a world leader in Covid recovery. Is he right?

It wasn’t a race, the prime minister famously said, yet now he’s claiming the win. Here’s how the numbers –on jobs, vaccines and the economy – really stack up

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Newcastle Herald

While the punters obsessed about the Oscars slap, the elites met in Dubai to plan your future

'Given bread and circuses, they never revolt'

Reuters

Kids later than sooner. South Korean women freeze eggs as child-rearing costs surge

In South Korea, fewer women are having children and those who do are in no rush. The sky-high costs of housing and education make financial security a must. Social mores also dictate the need to be married.

The Guardian - AU

Morrison stance on minimum wages branded ‘hypocrisy’ as student loans remain indexed at inflation rate

National Union of Students says the Liberal’s position on minimum pay increases is at odds with automatic indexing of student loans to CPI

The Guardian - AU

‘Over-the-top alarmism’: economists dismiss concerns wage rises cause inflation

Australia’s minimum wage is shrinking compared to median pay, bucking global trends

The Conversation

Planning kids? You should know the major parties' parental leave policies before you vote

Most new Australian mothers receive government paid parental leave to support health, encourage workforce participation and balance work and family life equally with their partners. Despite this, Australia still has one of the least generous parental leave schemes in the developed world.

The Conversation

Even if next week’s budget avoids the issue, it’s time New Zealand seriously considered a wealth tax

Tax is back in the news. Often this means a looming budget or election, as is indeed the case now, with the government’s 2022 budget delivered next week.

ABC News

Even with unemployment low, wages fall behind cost of living. Can politicians get you a pay rise?

For some time, federal politicians have argued that wages will grow when unemployment is lower. But a new report finds the evidence does not support that and the best way for politicians to get workers pay rises is to change the industrial relations system.

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