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The Latest Breaking News from OECD

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

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.

The Conversation

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

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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.

Euronews

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 Conversation

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

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

The Independent UK

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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.

The Conversation

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.

Evening Standard

‘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

The Guardian - UK

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.

Euronews

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.

Evening Standard

Clean Energy Giant Goldwind Leads China's Global Sector Push

China has rushed ahead in recent years as the world's forerunner in wind energy, propelled by explosive local demand as Beijing aggressively pursues strategic and environmental targets.

International Business Times

Australian prime minister calls election amid shadow of Trump and cost-of-living crisis

Anthony Albanese’s ruling Labor party faces a challenge by the centre-right Coalition led by Peter Dutton at the 3 May vote

The Guardian - AU

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The Conversation

25 years into a new century and housing is less affordable than ever

Of all the problems facing Australia today, few have worsened so rapidly in the past 25 years as housing affordability.

The Conversation

This budget’s tax tinkering isn’t the same as meaningful tax reform. Here’s why

Labor’s tax changes this week do not tackle tax reform, or why we desperately need it. They only address the amount collected from personal income tax, which is the largest source of tax revenue.

The Guardian - UK

First Thing: Mike Waltz takes ‘full responsibility’ for Signal chat gaffe

National security adviser accepts he made the group but deflects blame. Plus, the definitive guide on getting over a grudge

Euronews

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

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The Guardian - UK

Tackling climate crisis will increase economic growth, OECD research finds

Third of global GDP could be lost this century if climate crisis runs unchecked, says report

The Independent UK

Rachel Reeves ‘set to impose further welfare cuts worth £500m’

The Office for Budget Responsibility is said to have rejected the Treasury’s saving estimates from last week’s welfare cuts, paving the way for even more difficult choices

The Independent UK

Reeves poised to make further welfare cuts as budget watchdog gives its verdict

Chancellor Rachel Reeves will acknowledge she needs to go ‘further and faster to kickstart growth’ in her spring statement .

Evening Standard

Reeves to address grim economic outlook as she faces budget watchdog’s verdict

Fiscal watchdog the OBR is reported to have warned that welfare cuts will not save ministers the £5 billion they had expected.

The Independent UK

Reeves gets budget watchdog’s verdict as she hunts for elusive economic growth

Chancellor Rachel Reeves will set out how she will balance the books against a backdrop of economic stagnation.

Evening Standard

Chancellor faces ‘tough balancing act’ if tax on big tech firms is scrapped

One expert has said the perception of lowering taxes on big businesses while making government spending cuts would likely face criticism.

The Guardian - UK

X stands to benefit if UK pulls digital services tax in trade deal with US

Prominent campaigner says Elon Musk’s platform qualifies for the levy, which is on the block in negotiations

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