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The Latest Breaking News from OECD

Trump is slashing US spending on climate aid. But all is not lost

IN FOCUS: Developing countries will be hit hard by the US president’s decision to cut all aid spending on climate projects, writes Nick Ferris. But other countries will fill some of the gap left by the Trump’s retreat, writes Nick Ferris

The Independent UK

Indonesia’s ‘thousand friends, zero enemies’ approach sees President Subianto courting China and US

For much of April and into May, a team of negotiators from Indonesia have been in Washington to discuss trading relations between the world’s largest economy and another forecast to be in the Top 5 within a generation.

The Conversation

Europe’s top tax breaks for the rich – see how countries compare

A number of countries, eager for investment and tax revenue, are hoping to become magnets for the wealthy.

Euronews

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‘Conversation on future of aid long overdue’: UK looks to lead response to swingeing US cuts

Huge cuts by Trump administration to international aid budgets has left a vacuum and Britain is looking to lead efforts to find a path forward

The Guardian - UK

Average salaries across Europe: Which countries have the highest pay?

Euronews takes a closer look at how average full-time adjusted salaries vary across Europe, both in nominal terms and in purchasing power standards.

Euronews

‘It’s pretty bad’: Bank of England top official on the lack of female economics students

Deputy governor Clare Lombardelli calls for more women and people from poorer backgrounds to take key subject

The Guardian - UK

British men urged to join ‘Dad strike’ calling for more paternity leave

Exclusive: Fathers planning protest with babies in London on 11 June to highlight UK’s ‘rubbish’ statutory leave, least generous in Europe

The Guardian - UK

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Personal income tax rates in Europe: Where do workers pay the highest and lowest taxes?

Personal income tax rates vary significantly across Europe, with Nordic countries paying the highest and Eastern European countries the lowest. Euronews takes a closer look at the key factors that influence how much individuals pay in tax.

Euronews

In charts: the scale of England’s temporary accommodation crisis

Cash-strapped councils are running out of money to deal with rising numbers of people without permanent homes

The Guardian - UK

How much do election promises cost? And why have we had to wait so long to see the costings?

With the May 3 federal election less than a week away, voters have only just received Labor’s costings and are yet to hear from the Coalition.

The Conversation

Report: Child Sexual Abuse in Mexico Increased by 1,113% in the Last Decade

In 2023, hospitals nationwide reported 9,802 cases of child sexual abuse-related treatment, with experts claiming this is just the tip of the iceberg

Latin Times

The wholegrain revolution! How Denmark changed the diet – and health – of their entire nation

Is it possible to make a country healthier one slice of rye bread at a time? If the rocketing wholegrain consumption of the Danes is anything to go by, absolutely

The Guardian - UK

EU employment reaches highest level since 2005 at the end of last year

The employment rate in the EU reached its highest level at the end of 2024, while the unemployment rate recently also came to a record low. Euronews Business takes a closer look at the labour market across Europe.

Euronews

International aid fell in 2024 for first time in five years – and is expected to get worse

Foreign aid spending by 24 countries, including the US, UK and European Union, fell by more than $15bn last year – before the impact of huge cuts by Donald Trump have taken effect. Nick Ferris reports

The Independent UK

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The Conversation

Canada is lagging in innovation, and that’s a problem for funding the programs we care about

As Canadians prepare to vote in another federal election, the country’s economy faces a sobering reality. As the Organization for Economic Co-operation and Development (OECD) notes, productivity is stagnating, our innovation performance lags global peers and high-potential startups often fail to scale.

Euronews

Can teachers afford to buy a house in Europe, and how long would it take?

Euronews calculated how many months of salary a teacher would need to buy a 100 m² home across Europe, using data from the OECD and Numbeo.

Euronews

COP29 climate finance in numbers: How much is needed and where is it coming from?

World leaders and negotiators at the UN climate conference are grappling with the challenge of setting a new climate finance target to meet the trillion-dollar costs of helping lower-income nations adapt to climate change.

Euronews

Which country in Europe is home to the continent's heaviest drinkers?

Alcohol consumption in the EU has declined by 0.5 litres between 2010 and 2020. Bucking the trend, several countries have increased their consumption.

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The Conversation

Parents’ fear of maths linked to lower achievement in children – new research

Mathematics anxiety is a feeling of tension and fear when dealing with numbers or performing calculations. It is a common form of academic anxiety: according to an OECD report, around 40% of students feel nervous, helpless or anxious in everyday situations involving mathematics, such as solving problems or doing maths…

The Independent UK

Teenagers in England typically have ‘worse socio-emotional skills’ – study

These weaknesses could have consequences for young people’s future employability, researchers warn.

The Conversation

Labor wants to give the minimum wage a real boost. The benefits would likely outweigh any downsides

Labor has called for an “economically sustainable real wage increase” for almost 3 million workers who depend on the award system for their wages.

Evening Standard

Trump tariffs could worsen UK job cuts but consumers may be spared, say experts

The UK’s manufacturing industry is already preparing to face significant disruption.

The Guardian - UK

‘Is it “woke” to care about the environment?’: how Trump’s cuts are dismantling global conservation work

Hundreds of projects supported by USAID have been thrown into doubt, as fears grow of an increase in crimes such as poaching and trafficking

Euronews

Finland ‘ahead of schedule’ on coal phase out as Helsinki’s Salmisaari plant closes

Wind power in Finland has more than doubled since 2020 to supply a quarter of the country’s energy.

Evening Standard

Looming Trump tariff deadline sparks fresh fears of higher costs worldwide

Donald Trump’s tariff policy has sent ripples through the financial markets as investors assess what the impact will be on global trade.

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