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The Latest Breaking News from OECD

Britain’s shorter children reveal a grim story about austerity, but its scars run far deeper

Since 2010, our five-year-olds have been showing signs of reduced growth, a likely symptom of policies that have led to impoverished lives

The Guardian - UK

Councillors share Glasgow's success on homelessness at Brussels Urban Summit

WE are all familiar with the old joke that when waiting for a bus three come alone at the same time- it happened in Brussels last week.

The National (Scotland)

Nearly one in 10 jobs could be replaced by AI within decade, says OECD

A study by the OECD has found that 24 percent of existing jobs will be affected by the rise of artificial intelligence, while 9 percent may disappear altogether.

Radio France Internationale

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Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU

Inflation, unemployment, interest rate hikes: is it any wonder Australia’s misery index is rising?

Alleviate supermarket blues by performing a funky dance in the canned veg section

The Guardian - AU

Wages or profits? What’s to blame for sky-high inflation?

As the cost-of-living crisis takes a turn for the worse, debate is raging about the role corporate profits have played in delivering the highest inflation

The New Daily

In Japan, embarrassed employees pay agencies to quit for them

Companies like Exit handle resignations on behalf of Japanese employees who are too nervous to confront their boss.

Al Jazeera

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Squeeze on real wages in UK to last until Christmas, say OECD economists

UK economic growth also lagging behind many other wealthy nations

Evening Standard

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

Bangkok Post

UK to have one of the highest inflation rates of any developed economy, OECD warns

THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…

The National (Scotland)

Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine

The Independent UK

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

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Bangkok Post

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.

France 24

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…

360info

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.

The Guardian - UK

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

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ABC News

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.

France 24

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.

The Conversation

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.

Tribune News Service

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.”

ABC News

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.

The Conversation

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.

Newsroom.co.nz

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.

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