The United States does not appear on this list of the top five countries in the world for working parents.

There should be as much support as possible for working parents. It's provided to varying degrees of quality by different nations. According to a new report from Bloomberg, which compares countries based on the quality and cost of child care for working parents, Iceland ranks among the best i...

OECD SHOWS S. KOREA’S ODA TO HAVE FALLEN BY 8.7% IN 2020

Highlights –

• OECD shows S. Korea’s ODA to have fallen by 8.7% in 2020.
• S. Korea’s ODA for foreign countries dell to $2.25 billion in 2020 due to the pandemic.
• The country’s overall ranking among DAC members in terms ...

S. KOREAN ECONOMY IS ESTIMATED TO RANK 10TH IN THE WORLD IN 2020

Highlights –

• S. Korean economy is estimated to rank 10th in the world in 2020.
• OECD said the nominal GDP of the country was estimated at around $1.62 trillion in 2020.
• S. Korea’s nominal GDP is said to be slightly higher than th...

GLOBAL ECONOMY LIKELY TO GET DISRUPTED DUE TO US GROWTH SURGE

Highlights

• It is being said that the United States will be driving a sharp rebound in the global economic this year, but the strength of the American surge is likely to unbalance weaker economies

• The OECD now expects the global economy to reach pre-pandemic level...

NO. OF NEWBORNS IN S. KOREA RECORDS LOWEST IN 2020

Highlights –

• No. of newborns in S. Korea records lowest in 2020.
• This is the country’s first natural decline in population.
• The country’s fertility rate hit a record low of 0.84 in 2020.
• At present, the country&...

SOUTH KOREA’S ECONOMY FAST-TRACKS ON BACK OF IMPROVING EXPORTS

• The South Korean economy is witnessing its long-awaited recovery on improving exports, the finance minister said Wednesday.
• Finance Minister Hong Nam-ki also promised the government's efforts to continue to sustain an economic recovery into the fourth quarter and next year....

AUSTRALIAN EX-FINANCE MINISTER ADDS GREEN RECOVERY IN HIS VISION FOR TOP JOB AT OECD

HIGHLIGHTS

• Australia's previous finance clergyman, Mathias Cormann is proceeding to talk up the significance of a "net zero emissions" on the battlefield to be the following secretary-general of the Paris-based Organization for Economic Co-activity...

KERSTI KALJULAID MAY RUN FOR OECD SECRETARY-GENERAL OFFICE

HIGHLIGHTS

• Estonian President Kersti Kaljulaid is planning to run for the office of OECD.
• The current term of president ends in October 2021.

Estonian President Kersti Kaljulaid is planning to run for the office of Secretary-General ...

THE UK's GDP SLUMPS 20.4 PERCENT IN APRIL COURTESY OF COVID-19 LOCKDOWN

Highlights

• April was the first month, when the UK saw complete lockdown with almost no economic activity

• Post-COVID, social distancing and no-deal Brexit complications will impact the country’s pace of economic recovery

• According to the OEC...

CORONAVIRUS PANDEMIC WILL CAUSE THE WORST RECESSION, OECD WARNS

Highlights

• Business activity has observed a steep decline due to strict lockdowns and travel restrictions
• The effects will be long-lasting, recovery will be slow  

The Organization for Economic Cooperation and Development (...

SEOUL WILL IMPLEMENT A CONVENTION THAT WILL STOP MNCs' TAX AVOIDANCE

According to officials in Seoul, the government of South Korea has decided to implement a multilateral convention that will become effective from the month of September and will work towards keeping multinational corporations (MNCs) away from taking benefits of loopholes in the tax laws as their ...

SOUTH KOREA’s CONSUMER SENTIMENT FALLS AMID COVID-19

Highlights –

• South Korea's consumer sentiment fell at the fastest rate
• The sharpest decline among 25 OECD member nations
• Composite consumer sentiment index stood at 96.9 for February

There has been a steep drop ...

US BACKS OFF FROM DIGITAL TAX, IN ROW WITH EUROPE

Highlights

• Davos split over Digital Tax service
• France and US work out a deal
• UK will go ahead with the taxing right

The world economic forum at Davos, is now dominated by a division of thought-process over the Digital Ta...

The report this week that a phase-one trade agreement is a boost for commodities

With gains in all industries, the Bloomberg Commodity Index was 2.2 percent above weekly. After both countries have signed the agreement, the Chinese have agreed to buy more US agricultural goods, while some existing customs tariffs would be reduced. Besides metals, coffee softs have increased th...

Finance - the heart of Chile’s crisis

Felipe Larrain announced a new legislative initiative that would make Chile into a Regional Finance Center in September, less than a month before frustrated Chileans walked to the streets in Santiago, Chile Day. The new proposal would include regulatory changes to promote the registration of fore...

OECD is optimistic about the Indian economy

The Indian economy is being debated all over the nation and even in the world, but there has been very little good news for the nation from these discussions as the nation has been in immense trouble in the recent times as it's economic growth has been declining and failing in a very miserabl...

Big tech companies to face higher tax bills

The launch of a new tax plan has been recently published by an international economic body. With regards to the plan global firms will have to pay more tax. 
The proposals of the new plan, known as the Organisation for Economic and Development (OECD) proposals will now allow governmen...

Country-by-country firms’ reports introduced by UAE

Move to fortify worldwide guidelines in accordance with OECD nations, which will likewise change consistence scene in the nation The UAE has presented nation by-nation (CbC) revealing for organizations so as to fortify its global guidelines in accordance with OECD nations, which will likewise cha...

Primary care given decent share of funds

A new report, prepared by the Australian Institute of Health and Welfare (AIHW), compares key measures of Australia’s health expenditure with the other 35 Organizations. For most of the OCED, hospitals represented the highest proportion of healthcare expenditure in 2016. Australia spent 44.1% of ...