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The Latest Breaking News from OECD

Australia must scale up aid for security

Australia's peak body for international development is urging the federal government to step up its foreign aid budget, or risk the nation's reputation.

AAP

South Korea Birth Rate Falls To All-time Low

South Korea's birth rate fell to a record low last year, the government said on Wednesday, despite having poured billions of dollars into efforts to encourage women to have more children and maintain population stability.

International Business Times

Treasury’s weird world where tax and profits don’t exist

In the wacky world of the Australian Treasury, somehow profits play no role in inflation, and nor do taxes. Go figure.

Crikey

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Joe Biden should end support for overseas oil and gas projects

Letter: Nina Pušić and Kate DeAngelis say the US president must follow his move to restrain fossil fuel expansion at home with similar measures to curb it around the world

The Guardian - UK

Britain’s economy is deeply flawed. These are the three pledges Labour must make to fix it

Investing in infrastructure, overhauling rigid planning rules – there is no magic bullet, but these changes would set us on a far better path, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

Monday briefing: From the UK to South Korea, why people are having fewer babies

In today’s newsletter: Birthrates are falling – and many of the reasons are the same across the world

The Guardian - UK

Isolated Indigenous people as happy as wealthy western peers – study

Interviews with people in remote communities challenge widely held perception that money buys happiness

The Guardian - UK

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OECD Ups World Growth Forecast But Sees Middle East 'Risk'

The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk, with disruptions in Red Sea shipping threatening to increase consumer prices.

International Business Times

US economy 'to grow three times as fast as UK’s' in 2024 as both countries to elect new leader

The OECD predicted the US economy will expand by 2.1 per cent in 2024, compared to 0.7 per cent for the UK

Evening Standard

Central banks must beat inflation before cutting interest rates, says OECD

Organisation revises global outlook but warns it may be too soon to know if price pressures are contained

The Guardian - UK

Stage-three tax cut changes will have minimal effect on inflation, economists predict

Banks say tax tweaks approved by Anthony Albanese’s cabinet may slow pace of RBA interest rate cuts and further reforms are needed to fill budget shortfalls

The Guardian - AU

Are the British and Irish really world-beating fruit and veg eaters? I doubt it

As a public health expert, I’m sorry to say that recent eye-catching claims about our diets are probably misleading, says Devi Sridhar, chair of global public health at Edinburgh University

The Guardian - UK

Australia’s elites are souring on migration. But new data shows its benefits

The media has mostly welcomed the news that Labor is backpedalling on migration. Perhaps they should look at the data.

Crikey

Watch out, Rachel Reeves: the old guard is ganging up on your borrowing ambitions

The shadow chancellor had plans to increase borrowing to invest in infrastructure and more, but the weight of expert disapproval is wearing her down

The Guardian - UK

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The Guardian - AU

Nearly 80% of Australian students say they ‘didn’t fully try’ in latest Pisa tests

Exclusive: OECD data on students’ motivation and sense of belonging at school calls into question validity of national rankings, experts say

Top News

Global Minimum Tax Reroutes Investment Flows, Says OECD

Global minimum tax proposal by the OECD promises to reshape investment flows, potentially leveling the playing field for companies worldwide. Find out more!

The Conversation

China's capitalist reforms are said to have moved 800 million out of extreme poverty – new data suggests the opposite

It has become an article of faith among many economists that China’s pro-market reforms of the 1980s and 1990s ushered in a sustained reduction in poverty.

The Guardian - UK

One in three adults in UK and Ireland eat five or more daily portions of fruit and veg

In both countries 33% of adults hit the target on a daily basis, with Korea and Israel next highest in OECD figures

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The Guardian - UK

Selling goods online? Be warned: HMRC will soon know about it

Whatever it is, from used clothes on Vinted, collectables on eBay, to Airbnb lets, profits will now be under scrutiny

Al Jazeera

The global economy in 2024: Key clues to watch out for

US interest rates, oil prices and the Chinese economy will determine the global economy next year.

Reason

2023 Brought More Evidence That Pandemic School Closures Damaged Students

Post-COVID educational declines are here to stay.

The Conversation

NZ report card 2023: near the top of the class in some areas, room for improvement elsewhere

End-of-year results aren’t only for school and university students. Countries, too, can be measured for their progress – or lack of it – across numerous categories and subject areas.

Dynamite News

India's energy odyssey: Navigating global oil challenges and forging a sustainable future

India, a burgeoning player in the global energy arena, finds itself at a critical juncture in the intricate tapestry of the world's oil dynamics. Read further on Dynamite News:

The Guardian - UK

The Guardian view on a UN treaty: stop rich nations acting like the tax havens they condemn

Editorial: Developing countries are right to want to fight illicit financial flows and combat aggressive tax strategies that rob them of cash they need

Top News

Brazil Urged by OECD: Curb Spending, Lower Trade Barriers

The OECD invites Brazil into a provocative tango, whispering an urgent plea to curb obligatory spending while gracefully lowering trade barriers. Are they ...

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