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The Latest Breaking News from OECD

Four years after a 15% global minimum tax deal, the world remains divided on how to implement it – podcast

In October 2021, 136 countries agreed to establish new tax rules requiring large multinational companies to pay at least 15% in corporate tax. Nearly four years later, this ambitious agreement is finally being implemented around the world, but its success faces big challenges.

The Conversation

With Growth Stuck at 1%, What Can the UK Do to Avoid Stagnation?

UK growth is stuck at 1% in 2025. Can Britain avoid stagnation? Here's what's driving the slowdown and what policy experts say must happen next.

International Business Times UK

Australia is in the firing line of Trump’s looming ‘revenge tax’. It’s a fight we’re unlikely to win

The Australian Labor Party just won an election victory for the ages. Now, it may be forced to walk back one of the key achievements of its first term.

The Conversation

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30 Americans Share Shocking Tariff Costs Hitting Their Wallets

American-New-Tariffs-Receipts

Bored Panda

EU condemns Trump’s 50 percent metal tariffs as ministers gather in Paris

The European Union has said it "strongly regrets" a fresh move by US president Donald Trump to double import tariffs on steel and aluminium to 50 percent, warning the decision risks derailing efforts to resolve an escalating trade dispute with the United States. The new tariffs took effect on Wednesday.

Radio France Internationale

US Faces Stunted Growth and Soaring Inflation from Tariffs, OECD Warns

The OECD warns Trump's tariffs will stunt US growth to 1.6% and push inflation near 4% by 2025. Can businesses and shoppers adapt to this economic shake-up?

International Business Times UK

Stocks Finish Higher on Chip Stock Strength and Healthy US Labor Market

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.79%. June E-mini S&P futures (ESM25 ) are up +0.58%, and June E-mini Nasdaq futures...

Barchart

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Dollar Gains and Gold Falls on US Labor Market Strength

The dollar index (DXY00 ) Tuesday rose by +0.53%. The dollar on Tuesday recovered from a 6-week low and moved higher after weaker-than-expected Eurozone inflation news knocked the euro lower. Also, weakness in the yuan supported gains in the dollar after a gauge of Chinese manufacturing activity contracted in May...

Barchart

Rachel Reeves must take back control of the growth agenda

THE INDEPENDENT VIEW: Editorial: With next week’s spending review, the chancellor has a chance to correct all the mistakes she made in her first months at the Treasury. She should do all she can to put the government back in charge of events, rather than be pushed around by them

The Independent UK

Blue chips edge higher amid gains on Wall Street

The FTSE 100 index closed up 12.76 points, 0.2%, at 8,787.02.

Evening Standard

Stocks Climb as Chip Makers Rally and US Job Openings Increase

The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. June E-mini S&P futures (ESM25 ) are up +0.34%, and June E-mini Nasdaq futures...

Barchart

Stocks See Support as Bond Yields Slide

The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.10%. June E-mini S&P futures (ESM25 ) are up +0.07%, and June E-mini Nasdaq futures...

Barchart

Best Countries To Live In 2025: What The Rankings Don’t Reveal

Best Countries To Live In 2025: Beyond The Rankings. Which country offers the best quality of life? Explore top destinations like Norway, Sweden and Denmark.

Bored Panda

The Tariff Downturn

Plus: Drilling in the Alaskan wilderness, Harvard tries "wastefulness" argument, Stephen Miller tells on himself, and more...

Reason

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Euronews

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

The Independent UK

Rachel Reeves must hike taxes and slash spending to counter Trump tariffs: OECD

IN FULL

Evening Standard

UK growth downgraded as global economy dragged by Trump trade wars

In the UK, the economy is expected to grow by 1.3% this year, with the OECD cutting its previous forecast of 1.4%.

The Independent UK

Reeves urged to raise taxes and cut public spending as UK growth to stall after Trump tariffs

Labour chancellor under pressure from the OECD ahead of upcoming spending review

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Fortune

Papa Johns gets cheeky to power its comeback

Also: OECD cuts growth forecast, Meta plans to replace workers with AI, and Chime sets IPO price.

Evening Standard

OECD downgrades forecasts for UK growth as Trump tariffs hit world economy

Global growth is expected to fall below 3% for the first time since the pandemic

AAP

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

The Guardian - UK

UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

The Guardian - UK

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

Euronews

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

Euronews

Europe’s rising retirement ages: One country leads—which will follow?

Several countries have already implemented reforms to raise the retirement age. The OECD projects that by 2060, the average retirement age in the EU will approach 67, with several countries reaching 70 or more.

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