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The Latest Breaking News from OECD

We can’t fix what we don’t track. That’s why Australia needs an official poverty measure

Following last month’s economic reform roundtable, Treasurer Jim Chalmers said all attendees agreed “higher living standards is the holy grail, and a more productive economy is how we deliver it”.

The Conversation

South Korea trials 4-day weeks and half-days for its stressed-out workers

The East Asian nation known for its grueling work culture is trying to find a better work-life balance for its citizens.

Al Jazeera

Counterfeit Chanel, Louis Vuitton and Hermès bags from China: examining an online phenomenon and its risks for consumers

In mid-April 2025, a wave of videos swept through TikTok claiming that some brands of luxury leather goods, especially French ones, actually make their products in China. The content creators presented themselves as official manufacturers, urging customers to buy bags directly from the source at a fraction of the retail price.

The Conversation

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Four reasons why the UK lags behind its rivals on productivity

Many people in the UK feel they are working harder than ever. A higher cost of living and more precarious work arrangements push many households to take on longer hours and multiple jobs. Data back this feeling: from 2010 to 2024, the UK had the largest increase in hours worked…

The Conversation

Chemical companies lobbying MPs not to ban Pfas

Exclusive: Analysis of responses shows firms are urging parliamentarians to limit regulation of ‘forever chemicals’

The Guardian - UK

Tax revenue as a share of GDP in Europe: Which countries collect the most?

Euronews Business takes a closer look at how much tax European countries collect and what share of their national outputs it represents. Among the top five economies, France records the highest ratio, while the UK has the lowest.

Euronews

Global Growth Slows In 2025 As Inflation And Policy Uncertainty Weigh

IMF and OECD revise growth forecasts downward, warning that trade tensions and elevated inflation could dampen investment and global recovery.

International Business Times

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Nursery and crèche: How much do families spend on childcare across Europe?

Among the top economies in Europe, Germany and Italy rank best, both in nominal childcare fees and in salary share spent on nurseries, while the UK remains among the most expensive.

Euronews

Young people neither in employment nor in education: Which European countries are worst affected?

Two-thirds of European countries have not yet met the 9% target for young people who are neither in employment nor in education or training (NEET). Most NEETs are outside the labour force rather than unemployed.

Euronews

Reeves leaves no stone unturned as she mulls reforms for property tax

Chancellor and prime minister are latest in a long line of politicians who have tried to squeeze more out of UK property

The Guardian - UK

2 in 3 Africans will live in cities by 2050: how planners can put this to good use

Africa’s population is projected to nearly double by 2050, with 80% of that growth being concentrated in urban areas, leaving two out of three Africans living in cities. This expansion of cities at an unprecedented rate will bring both challenges and opportunities for African countries. In this edited extract from…

The Conversation

Don’t Worry Village: The young S Koreans who left Seoul, seeking community

Disillusioned with Seoul’s work-to-survive lifestyle, a group of Koreans find refuge in the rural ‘Don’t Worry Village’.

Al Jazeera

Property tax across Europe: Which countries collect the most, and what’s their share of total tax?

Property tax policies vary across Europe. In some countries, such as the UK and France, property taxes make up a significant share of both GDP and total taxation.

Euronews

Mind the skills gap: Older workers falling behind in training

Older workers are falling behind in training. The OECD says a stronger focus on boosting their skills is crucial for the labour market.

Euronews

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The Conversation

AI is peeling back the layers of ‘low-value’ work – NZ may be well placed to adapt

As generative artificial intelligence (AI) advances at breakneck speed, it is upending assumptions about which jobs are “safe” from automation.

The Conversation

Wealth taxes don’t always work the way governments hope they will. Here are some alternatives

With the UK government facing a multibillion pound gap between revenue and spending, calls for a wealth tax are becoming louder.

Bored Panda

“Women Fought For This”: Mom’s Video About Challenges Of Being A Working Mom Splits The Internet

How can the system be so messed up?

Evening Standard

Countries under pressure to finalise UN plastic pollution treaty as talks resume

Countries are meeting in Geneva, Switzerland, where they will hope to break a deadlock in talks for a legally binding agreement on plastics.

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Euronews

Surviving retirement: Where do older Europeans get their money?

Public payouts, such as state pensions, account for around two-thirds of the income of people aged 65 and over in Europe.

Euronews

Educated but still unemployed: How does unemployment vary among university graduates across Europe?

Unemployment rates are higher among the general population than among university graduates across Europe—except in Turkey. Euronews Business looks at the data.

The Guardian - AU

The biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversation

Acoss’s new report factchecks some myths about Australia’s tax system and should be the basis of any discussion at the government’s roundtable

The Conversation

US and European economies depend heavily on immigrants – decades of data reveal just how much

As anti-immigration rhetoric surges across Europe and the United States, it is vital that we look beyond the fearmongering and analyse what is really going on. While human mobility is often presented as a burden, the truth is quite the opposite. It is an essential driver of economic growth, demographic…

AAP

Australia scores well in managing chronic health issues

The first international survey of patients living with chronic conditions who saw GPs has found that Australia is one of the top performers worldwide.

Euronews

Heatwaves in Europe: Which countries face the biggest GDP and labour productivity losses?

Rising heat is already affecting Europe’s economy, and researchers warn the losses in GDP and productivity will worsen in the decades ahead.

inkl

The US Dollar’s Sharp Decline

The U.S. dollar has plummeted against the euro since the beginning of 2025, shedding more than 12% of its value.

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