Trade war cuts global economic growth outlook: OECD
- 03-Jun-2025
PARIS: The OECD slashed its annual global growth forecast on Tuesday, warning that US President Donald Trump’s tariffs blitz would stifle the world economy — hitting the United States especially hard. After 3.3-percent growth last year, the world economy is now expected to expand by a “modest” 2.9 percent in 2025 and 2026, the Paris-based […]
Global growth to slow amid ‘persistent’ high inflation: OECD
- 22-Nov-2022
PARIS: 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. Amid the effects of Russia’s war in Ukraine, “growth has lost momentum, high inflation is proving persistent, confidence has weakened, and uncertainty […]
World economy to slow, ‘paying the price of war’: OECD
- 26-Sep-2022
PARIS: 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. In a bleak report titled “paying the price of war”, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising […]
US top asylum-seekers’ destination in OECD in 2017
- 20-Jun-2018
The United States -- facing massive controversy over immigration -- received more asylum requests than any other developed nation in 2017, overtaking Germany.
Average lifespan in EU tops 80 for first time, reveals study
- 23-Nov-2016
BRUXELLES: The average lifespan of people in the EU has topped 80 for the first time, but preventable illnesses caused by smoking, alcohol and obesity are taking a huge toll, a study said on Wednesday. Gains were uneven as people in western European Union countries lived more than eight years longer on average than people […]
OECD slashes British growth forecast over Brexit
- 21-Sep-2016
PARIS: Britain is poised to take a major hit next year from its momentous decision to leave the European Union, the OECD said Wednesday, halving its growth forecasts for the world's fifth-biggest economy.
Where to move to have the shortest workdays
- 15-Aug-2016
If you work to live rather than the other way around, a quick read through this article could give you a wise career move.
Panama seeks to punish countries that blacklist it as ‘tax haven’
- 03-Aug-2016
PANAMA CITY: The government of Panama on Tuesday announced a bill that would take a range of steps against countries that put it on their blacklists of "tax havens" in the wake of the Panama Papers revelations.
G20 ministers urge tighter tax rules for multinationals
- 23-Jul-2016
CHENGDU: The world's major economies need to deepen cooperation on tax collection and information sharing as companies seek to minimise the amount they pay to governments, finance ministers said Saturday.
FBR to initiate action against 239 Pakistanis named in Panama Papers
- 27-May-2016
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to seek legal action against the 239 Pakistani citizens named in the Panama Papers, ARY News reported.