oecd
Governments need to do more to boost financial literacy among students, said the OECD on releasing their latest PISA publication. The study, a money-focused section of a wider report on education, is based on tests completed by nearly 100,000 15-year-olds in 2022. Participating students were located across 14 OECD and 6 partner economies. With 18% of students in OECD countries performing at or below the most basic level of financial literacy, the group's Secretary-General Mathias Cormann stressed "the need to better equip young people with the knowledge and skills necessary to make safe and in...
Euronews (English)
Stricter rules on waste exports from the European Union to non-EU countries come into force on Monday. The aim is to ensure that the EU takes more responsibility for its waste, the European Commission announced. Since 2004, waste exports from the EU to non-EU countries have increased by 72%. Last year, the figure was 35 million tons. Starting in May 2027, waste will only be exported to countries outside the Organization for Economic Co-operation and Development (OECD) if the destination country explicitly agrees and can prove that the waste has been processed sustainably. Beginning in November...
DPA Breaking News
岸田文雄総理は1日、OECD(経済協力開発機構)閣僚理事会で議長国として何を訴えるのか、1日~6日ま...
Economic News
厚生労働省はこのほど、OECD「スキルレビュー」報告書公表イベントを開催した。国内外の研究者が日本の...
労基旬報
Paris (AFP) - 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 quickly. "The world is paying a very heavy price for Russia's aggression against Ukraine," OECD Secretary-General Mathias Cormann said in a news conference. "Households and firms are suffering as costs rise and purchasing power is taking a hit," Cormann said. ...
AFP
U.S. inflation reached a whopping 7.9% in February, the highest in almost four decades. At this stage, several causes have been weighed from different political fronts, but government spending is the main culprit, according to a new study by the Federal Reserve Bank of San Francisco. U.S. Inflation CausesQ4 2021 hedge fund letters, conferences and more The government’s spending agenda has included a massive $6 trillion in relief measures to dampen the economic effect of supply chain issues, lockdowns, and unemployment, all related to the Covid health crisis. Out of this amount, lawmakers appro...
ValueWalk
Most G20 economies are currently recovering, and they will need to establish the circumstances for strong, resilient, and inclusive economic development in the future, which will be critical in maintaining government finances, according to the OECD. Governments’ measures to adapt to these changes often include tax policy. Q3 2021 hedge fund letters, conferences and more Finance ministers from 20 of the world's largest economies agreed on Saturday to set a minimum tax rate of 15% on corporate income and to restructure how some taxes are collected to reflect the modern digital economy, advancing...
ValueWalk
Washington (AFP) - US Treasury Secretary Janet Yellen said Sunday she was "confident" Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations. The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax bills by registering in nations with low rates. "I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package," Yellen told ABC's "This Week," referring to the federal bu...
AFP
Washington (AFP) - US Secretary of State Antony Blinken will promise better communication with France on a trip to Paris next week where officials are still smarting over the cancellation of a massive submarine contract. Blinken will travel to Paris from Monday through Wednesday for a meeting of the OECD club of advanced market economies and also meet French officials, the State Department announced. Blinken will then fly from Paris to Mexico City for his first trip to the US neighbor as secretary of state, which was already announced by the Mexican government. France was infuriated last month...
AFP
With G7 central banks facing higher current and forecast inflation rates, the OECD has warned of rises continuing for the next couple of years. Q2 2021 hedge fund letters, conferences and more Alberto Matellán, Chief Economist at MAPRE AM, has commented on the constituent factors driving this inflation, as shared below. Is Inflation Temporary Or Not?Alberto Matellán, Chief Economist at MAPRE AM, said: ”The usual, direct, reasoning of more money equals more inflation may not be true if we identify inflation as CPI (Consumer Price Index) - inflation ought to be a monetary phenomenon, but does no...
ValueWalk
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