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Poor countries call for debt revolution at UN summit

Didier Laurias, Agence France-Presse
Updated as of Mar 07 08:48 AM

Worn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten. Read more »

Global growth to slow amid 'persistent' high inflation: OECD

Agence France-Presse
Posted at Nov 22 06:39 PM

World growth is set to slide from 3.1 percent this year to 2.2 percent next year due to high inflation, before rebounding slightly to 2.7 percent in 2024, the OECD said Tuesday. Read more »

World economy to slow, 'paying the price of war': OECD

Ali Bekhtaoui, Agence France-Presse
Posted at Sep 26 07:17 PM

The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in Ukraine, the OECD said Monday. Read more »

OECD sees lower world growth due to Ukraine war

Jonathan Jacobsen, Agence France-Presse
Posted at Jun 08 07:06 PM

The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast. Read more »

Only 9% of plastic waste recycled worldwide: OECD

Agence France-Presse
Posted at Feb 23 05:53 AM

A new report by the Organization for Economic Co-operation and Development report found that 460 million tonnes of plastics were used in 2019. Read more »

OECD cuts world growth forecast, warns of Omicron threat

Agence France-Presse
Posted at Dec 01 09:28 PM

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook for 2021. Read more »

OECD lowers global, US economic growth forecasts

Agence France-Presse
Posted at Sep 21 09:20 PM

The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world and the United States. Read more »

Price tag on the planet? Helping business value nature

Laure Fillon, Agence France-Presse
Posted at Sep 01 05:25 PM

Chemical-intensive agriculture, over-fishing, pollution and climate change are all pushing ecosystems to the brink of collapse. Read more »

Global minimum tax deal: What you need to know

Agence France-Presse
Posted at Jul 07 02:09 PM

Some 130 nations have agreed to what would be the biggest international tax reform in a generation to clamp down on big companies that are gaming the rules. Read more »

Global corporate tax overhaul faces rocky road to completion

Reuters
Posted at Jul 06 08:57 PM

A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed. Read more »

Bargaining over global tax enters key stage

Agence France-Presse
Posted at Jun 27 04:35 PM

Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned about giving up too much and others eager to ensure tech giants pay their fair share. Read more »

COVID-19 lockdowns cause increase in alcohol intake: OECD

Kyodo News
Posted at Jun 06 02:47 PM

People drank more alcohol both in terms of amount and how often it was consumed during the initial coronavirus lockdowns across the world last year, according to an Organization for Economic Cooperation and Development survey. Read more »

EXPLAINER: What is a global minimum tax and what will it mean?

Leigh Thomas and David Lawder, Reuters
Posted at Jun 06 07:52 AM

Such a deal aims to end what US Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals.   Read more »

OECD sees higher world GDP growth but fears 'headwinds'

Eve Szeftel, Agence France-Presse
Posted at May 31 06:03 PM

The world economy will expand by 5.8 percent this year, up from a previous estimate of 5.6 percent, the Paris-based Organization for Economic Co-operation and Development said in a report. Read more »

EU eyes another go at more unified European business taxation

Jan Strupczewski, Reuters
Posted at May 18 08:35 AM

The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the past, will stand a better chance if they follow global OECD solutions expected this year. Read more »

Vaccine rollout, US stimulus boost global economic outlook - OECD

Leigh Thomas, Reuters
Posted at Mar 09 08:20 PM

The global economic outlook has brightened as COVID-19 vaccine rollouts speed up in some countries and the United States launches a vast new stimulus package, the OECD said on Tuesday, hiking its forecasts. Read more »

EU, UK envoys see better chance for global tax progress under Biden

Andrea Shalal, Reuters
Posted at Feb 09 10:03 AM

The British and EU ambassadors to Washington said on Monday they were encouraged by signs the Biden administration will re-engage in talks on reforming global tax rules for digital companies after discussions stalled under former President Donald Trump. Read more »

Google's war on all fronts over media, competition and tax

Vanessa Carronnier, Agence France-Presse
Posted at Oct 21 06:58 AM

Californian internet giant Google faces a growing list of battles around the world, from tussles in Europe and Australia over fair compensation for media outlets to competition probes on both sides of the Atlantic. Read more »

Virus cuts G20 GDP by record 3.4 percent in first quarter: OECD

Agence France-Presse
Posted at Jun 11 08:50 PM

Measures to curtail the coronavirus outbreak caused a 3.4 percent drop in GDP for the Group of 20 major economies in the first three months of 2020, the largest decline since records began in 1998, the OECD said Thursday.   Read more »

Global economy to shrink 6 percent in 2020 on virus pandemic: OECD

Kyodo News
Posted at Jun 10 08:35 PM

The global economy is projected to shrink 6.0 percent in 2020 from the previous year, the OECD said Wednesday, labeling the new coronavirus pandemic as the worst economic crisis since World War II.   Read more »