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Trade war cuts global economic growth outlook: OECD

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...

Global growth to slow amid ‘persistent’ high inflation: OECD

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...

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

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...

US top asylum-seekers’ destination in OECD in 2017

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

BRUXELLES: The average lifespan of people in the EU has topped 80 for the first time, but preventable illnesses caused by smoking, alcohol and...

OECD slashes British growth forecast over Brexit

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

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’

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

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

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. 

Scandals deal blow to Panama’s image as financial hub

PANAMA CITY: Panama's reputation as a world-class financial hub is being torn apart from the double scandals of the Panama Papers and now the US designating one of its most prominent families as top money launderers for drug cartels.

Panama needs ‘more time’ to impose OECD tax info measures

PANAMA CITY: Panama needs "a little more time" to comply with OECD standards on exchanging tax information but remains committed to greater financial transparency, President Juan Carlos Varela told reporters on Thursday.

Britain would be less well off after Brexit: OECD

LONDON: Britons would be less well off if they voted to leave the European Union than if they stayed, the head of the Organization for Economic Cooperation and Development (OECD) said on Wednesday.

OECD cuts 2016 world GDP growth forecast to 3.0 pct

PARIS: The OECD poured cold water on any lingering hopes of a pick-up in global economic growth this year on Thursday, slashing its forecasts for the United States, Europe and Brazil.

G20 ministers endorse crackdown on corporate tax avoidance

LIMA, PERU: Finance ministers from the world's leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national corporations, which costs countries at least $100 billion a year.

World economic leaders tackle slow growth, climate change

LIMA, PERU: Kick-starting the sluggish global economy and funding the climate change fight top the agenda this week as finance ministers and central bank chiefs from around the world gather in Peru.

Bangladesh overtakes Pakistan in OECD rating

DHAKA: The Organisation for Economic Cooperation and Development (OECD) has upgraded its rating for Bangladesh, in a move that should make it easier for local entrepreneurs and banks to secure credit, the country's central bank governor said on Sunday.

OECD eyes ‘enormous’ economic gains from better education

BERLIN: Rich and poor countries could see "enormous" economic benefits from reducing youth unemployment by ensuring all youngsters have basic reading, maths and science skills, the OECD said Wednesday.

S. Korea develops smartphone app to curb student suicide

SEOUL: South Korea has developed smartphone apps to help bring down its high student suicide rate by warning parents when their children might be at risk, the education ministry said Friday.

Teen boys less attentive at school than girls: OECD

PARIS: Teenage boys are more likely to underachieve at school than their female counterparts but more likely to go on to study science and maths, an OECD report said Thursday.
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