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The Latest Breaking News from OECD

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

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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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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.

Euronews

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

IN FULL

The Independent UK

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%.

Evening Standard

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

The Independent UK

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.

Fortune

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

Evening Standard

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.

AAP

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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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Euronews

Lack of funding threatens women-led peace initiatives, UN warns

Policymakers, civil society leaders, and international organisations met in the Belgian capital on Wednesday to reflect on the progress made by the Women, Peace, and Security agenda since its implementation 25 years ago and which challenges still need to be overcome.

The Conversation

NZ Budget 2025: funding growth at the expense of pay equity for women could cost National in the long run

In 1936, when the National Party was created through a merger of the United and Reform parties, there was a recognition among the power brokers that attracting women’s votes was crucial.

Reason

Trump's Prescription Price Controls Would Lead to Fewer New Drugs

The executive order is likely unconstitutional, but if implemented as written, it would be detrimental to the American health care market.

Euronews

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

Which EU country seizes the highest amount of fake goods?

EU customs officers reported significant volumes of counterfeit goods that pose health and safety issues.

Roll Call

Q&A on Trump’s prescription drug pricing executive order - Roll Call

President Donald Trump said his executive order on drug prices would lower some prices in half or more. But the details are scant.

Euronews

Where did real wages rise and fall the most in Europe in 2024?

In 2024, real wage growth was strongest in Eastern Europe. Among the 32 European countries, it declined in only four.

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