Global growth plunging into downturn over coronavirus, OECD says
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the OECD warned, urging governments and central banks to fight back to avoid an even steeper slump. The global economy is set to grow only 2.4 percent this ...
No global digital tax by end of 2020 would mean chaos, France says
Failure to reach a global deal on where and how much to tax digital giants such as Google, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's finance minister said on Sunday. It would also likely trigger U.S. ...
Japan's labor productivity still lowest among G7 members in 2018
Japan's labor productivity remained the lowest among the Group of Seven countries in 2018, public interest foundation the Japan Productivity Center said Wednesday. Based on data from the Organisation for Economic Co-operation and Development, the group estimated the value of Japan's productivity in 2018 at ...
The world's poorest people, increasingly buffeted by storms, floods and droughts, have been getting less than 1 U.S. cent (¥1.1) a day each in international help to protect them from wild weather and rising seas as the Earth heats up, aid group Oxfam said ...
Developed countries received sharply fewer asylum applications last year, a report said Wednesday, as the world remains gripped in a migrant crisis fueled by wars and economic hardship. Applications for asylum in the 36-country Organisation for Economic Cooperation and Development (OECD) dropped 34 percent to ...
Non-workers aged 50-plus could make up 59% of Japan's population by 2050, OECD warns
People aged 50 or older and out of the workforce in Japan could increase by 29 percent from 2018, to 59 per 100 people, by 2050, straining public retirement schemes, the OECD said in a recent report that suggested reforms are needed. The Organisation for ...
U.S. President Donald Trump's administration on Wednesday announced a plan that would allow the importation of lower-cost prescription drugs from Canada, in a move denounced as "dangerous" by the pharmaceuticals industry. Americans spend an average of $1,200 on prescription drugs per year, according to the ...
Countries failing on climate face 'Green political muscle,' OECD chief says
Politicians who fail to act on climate change will pay the price electorally, the head of the Organization for Economic Co-operation and Development (OECD) said in a climate speech on Wednesday, criticizing some governments for going the wrong way. OECD Secretary-General Angel Gurria called out ...
Walking the talk on gender equality issues
On Friday in Osaka, Group of 20 leaders will convene to discuss the most pressing global challenges of our time, and that will include women's empowerment. Prime Minister Shinzo Abe's womenomics push has certainly impressed many, including myself, since it was announced six years ...
Japan's junior high school teachers face longest average working hours in OECD survey
The survey was conducted by the Paris-based institution from February to March 2018.
At Fukuoka meeting, G20 states may ink tax policy for internet giants based on users in each nation
The policy is likely to be signed by G20 finance ministers when they meet in the city of Fukuoka on June 8-9, the Nikkei said.
Foreign ministers of South Korea and Japan to meet in Paris on OECD sidelines
The foreign ministers of South Korea and Japan are scheduled to hold talks in Paris this week on the sidelines of a gathering of the Organisation for Economic Co-operation and Development, the South Korean Foreign Ministry said Tuesday. The talks between Kang Kyung-wha and Taro ...
