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The Latest Breaking News from OECD

Average wages across Europe: Countries with the highest and lowest salaries

Euronews Business takes a closer look at annual gross average wages across Europe, based on the OECD's 2026 report. The figures reveal significant disparities both in nominal and purchasing power terms.

Euronews

The hidden role of export credit in the energy transition

For most policymakers, export credit agencies (ECAs) are financial tools that boost national companies’ business endeavours abroad. But a recent research project conducted by Philipp Censkowsky, Paul Waidelich, Igor Shishlov, and Bjarne Steffen reveals the profound impact they have on the energy transition. Our study analysed 921 energy-finance deals backed…

The Conversation

Global Market: OECD sees Bank of Japan raising rates to 2% by 2027 amid inflation shift

Japan's central bank might increase interest rates to two percent by late 2027. This move signals confidence in Japan's economy moving past decades of low inflation. Stronger wages and consumer demand allow for gradual borrowing cost hikes. The Bank of Japan is also expected to reduce bond purchases. This shift…

The Economic Times

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Democrats are playing with fire in trying to reclaim tax cuts from Republicans

Senator Chris Van Hollen and other Democratic lawmakers are embracing a policy that hardly benefits the middle class

The Guardian - US

Which Europeans pay the most income tax and where do children make the biggest difference?

Europe’s personal income tax rates differ significantly, with dependent children lowering tax burdens in several countries.

Euronews

More than 1 in 3 Australian adults are functionally illiterate. How can we fix this?

Australians spend more money per capita on education than most comparable nations. We should have high levels of literacy – but we don’t.

The Conversation

Australia’s frighteningly unequal funding system favours private schools, argues Jane Caro. How can we fix it?

Australia’s schooling system is among the most highly segregated in the OECD. Public schools educate the majority of disadvantaged students, while there is concentrated advantage in private schools.

The Conversation

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We need a new way of thinking about drinking: Time to replace the 'standard drink' with advice people can actually use

Drinking guidelines built around abstract units and mental math aren't changing behavior. A "low and slow" framework could finally move the needle.

Fortune

Germany was largest exporter of plastic waste in 2025, sending 810,000 tonnes overseas, analysis finds

UK was close behind, exporting 675,000 tonnes, with much of the waste sent to Turkey, Malaysia and Indonesia

The Guardian - UK

Mental health crisis costs European economies €76bn annually, OECD warns

Poor mental health is one of the most significant public health and economic challenges in Europe, according to a new report by the OECD.

Euronews

The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year, according to a Brookings analysis

Taxing the rich doesn’t get remotely close to solving the debt crisis. So a solution will likely sweep across all income levels.

Fortune

Europe’s tax divide: Why Germany and France tax labour far more than the UK

Across Europe, the share of labour costs taken in tax and social contributions varies sharply. The UK is among the lowest, but the headline figure masks wider differences in how work is taxed across the continent.

Euronews

Taxes on UK workers have risen at fastest rate in rich world, says OECD

Economic body found Britain had the biggest increase in ‘tax wedge’ out of 38 member nations last year

The Guardian - UK

Australia has access to 20,000 migrant teachers, but is not using them. Why not?

Australia needs more teachers. It ranks among the worst-performing countries in the OECD for teacher shortages. This is particularly so for public schools.

The Conversation

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Euronews

Foreign aid plummets in Europe: Which countries are slashing their funds?

Following years of aid growth driven by events like the war in Ukraine and COVID-19, 2025 saw the largest contraction on record.

Euronews

Long COVID could cost up to €115.3bn per year over the next decade, study shows

Six years after the COVID-19 pandemic began, its economic impact lingers, with long COVID disrupting the employment of around one in five workers.

The Independent UK

Global aid plummets – as Germany overtakes US to become biggest donor

IN FOCUS: Data also reveals that the US cut support for Ukraine by more than 90 per cent – while new UK government data reveals that UK aid fell by more than £1bn last year. Nick Ferris reports

Euronews

Long COVID could cost OECD countries €116 billion a year over the next decade

The chronic condition could cost OECD countries billions per year, with the total comparable to the annual health budgets of the Netherlands or Spain, a new report shows.

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International Business Times

Global Recession Risk Lingers Despite Ceasefire‑Driven Market Calm

Analysts and international economic institutions are warning that the possibility of a global recession remains significant even as markets react positively to ceasefire news.

Latin Times

Costa Rica Aims to Be a Reference for AI Regulation in the Region

A recent report published by the country's economic development agency Procomer found that 76% of Costa Rican companies are using generative AI tools

AAP

Coalition calls for cut to fuel tax as price woes mount

Cutting battery and EV subsidies would help pay for a coalition plan to halve the fuel excise amid a surge in oil prices caused by the Iran war.

Axios

Iran war will jolt U.S. inflation, new analysis finds

The OECD projects U.S. headline inflation will be 4.2% this year.

Euronews

OECD cuts eurozone growth forecast as energy prices surge

The OECD said Thursday it was cutting its eurozone growth outlook and forecasting higher inflation for 2026 after the Middle East war caused energy prices to skyrocket.

Evening Standard

UK gets biggest cut to growth outlook this year among world’s major economies

The OECD published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

The Independent UK

Why the UK is heading for a high inflation and low growth ‘double whammy’

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