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The Latest Breaking News from OECD

America's worsening return on health investment

The U.S. continues to far outspend other developed nations while seeing worsening health outcomes.

Axios

North of England starved of investment, thinktank report finds

Report from IPPR North says that the region would have the second lowest investment in OECD if it was a standalone nation

Birmingham Post

North of England receiving among lowest levels of investment of advanced economies

It comes after Rishi Sunak faced a barrage of criticism over a £2.1billion round of levelling up funding, which saw cash go to a string of wealthy areas while a number of deprived communities missed out

Daily Mirror

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Report reveals lack of investment in North of England compared with rest of the world

If the region were a country, it would be second-to-last in the OECD for underinvestment, according to IPPR North

The Independent UK

North of England ‘would rank second worst for investment’ if OECD country

Thinktank says of advanced economies, only Greece would have lower public and private investment

The Guardian - UK

North of England sees lowest investment of advanced economies – think tank

If the region were a country, it would be second-to-last in the OECD for underinvestment, according to IPPR North.

The Independent UK

Damning report lays bare lack of investment in North of England compared with rest of the world

Think-tank says region of 15 million people held back by 'vast inequalities' and 'systematic underinvestment'

Manchester Evening News

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The CBI is right. The UK needs a growth plan

Business lobby head deserves response after government sloth on green investment and tax incentives

The Guardian - UK

New report highights steel industry under pressure to decarbonise

Cutting greenhouse gases from steelmaking

Newcastle Herald

What happened to Zhao Lijian? China's 'Wolf Warrior' diplomat has been mysteriously shifted aside

China's controversial diplomat Zhao Lijian has stepped back from China's diplomatic front line. Does that mean China will give up the aggressive and assertive Wolf Warrior diplomacy?

ABC News

China set for historic demographic turn, accelerated by COVID traumas

Living under China's stringent COVID-19 restrictions for the past three years had caused Zhang Qi enough stress and uncertainty to consider not having babies in the country.

Reuters

No-Lockdown Sweden Seemingly Tied for Lowest All-Causes Mortality in OECD Since COVID Arrived

Focusing on all-causes mortality, and not just on COVID mortality, helps account for various potential indirect effects of lockdowns.

Reason

Thinking of quitting smoking in 2023? Here’s what you need to know

Quitting smoking will top many people's New Year's Resolutions. But going cold turkey can be tricky, particularly during the festive season.

The New Daily

NZ report card 2022: some foreign bragging rights but room for improvement at home

It’s that time of year when school and university students eagerly (or nervously) await their end-of-year results – but also an opportunity to see where the country in general might have passed or failed.

The Conversation

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The Guardian - UK

‘My balance is on zero’: young Europeans on their first experience of inflation

High rents, low pay and spiralling food costs have left younger workers struggling to make ends meet and worried about the future

The Independent UK

UK tax revenues jumped by £85bn as Covid reliefs phased out – OECD

Total revenue from taxes across the UK rebounded to £775.6 billion over the year to March 2022, the body said.

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

Radio France Internationale

EU adopts historic plan for minimum 15 percent tax on multinationals

The European Union has adopted a plan for a global minimum 15 percent tax on multinational businesses, after leaders gave final approval following months of wrangling. France welcomed a decision that has been years in the making.

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The Conversation

COP15: A call to action for investors to help us meet vital biodiversity goals

The UN Secretary-General, António Guterres, opened the UN Convention on Biological Diversity (COP15) in Montréal with a stark message: “Without nature, we are nothing. Nature is our life-support system, and yet humanity seems hell bent on destruction.”

The Conversation

How Ireland's 'great reshuffle' could benefit women and older workers

Recent global tech sector layoffs have hit Ireland’s workforce hard. Prior to these job cuts, the Irish digital sector directly employed more than 270,000 people, as well as creating many more ancillary jobs.

Newsroom.co.nz

GDP growth figures highlight growing risk of stagflation

As NZ reports another quarter of slow economic growth, it is combining with inflationary pressures to pose a worrying economic outlook – here and around the world. A resilient China can help NZ through a worrying economic future.

Daily Mirror

Nurses demand to be 'valued' as pay lags behind much of Europe - read letter in full

The Royal College of Nursing has written to Health Secretary Steve Barclay citing this week’s international report by the OECD as “categorical evidence that the United Kingdom values nurses less than others” as they prepare for strike action next Thursday

Asharq Al-Awsat

World Economy Faces More Pain in 2023 after a Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters.

Reuters

Hungary vetoes EU aid for Ukraine, bloc delays decision on funds for Budapest

Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on Tuesday as its row with the bloc over undermining democracy rumbled on and the other 26 member states delayed a decision on releasing billions of aid to Budapest.

The Conversation

Citizen assemblies and the challenges of democratic equality

There are a wide range of ways to create decision-making bodies in democratic societies. Elections are one of the most common, with individuals stepping forward and seeking public support. If elected by their fellow citizens, they then take action on their behalf. This is known as representative democracy. An alternative…

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