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The Latest Breaking News from OECD

Heatwaves in Europe: Which countries face the biggest GDP and labour productivity losses?

Rising heat is already affecting Europe’s economy, and researchers warn the losses in GDP and productivity will worsen in the decades ahead.

Euronews

The US Dollar’s Sharp Decline

The U.S. dollar has plummeted against the euro since the beginning of 2025, shedding more than 12% of its value.

inkl

Samsung heirs sell Seoul villa to pay South Korea’s largest-ever inheritance tax bill

Sale of £13m Itaewon property adds to Samsung family’s asset liquidation drive

The Independent UK

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Trump bullied Canada over ‘digital taxes’ – and Ottawa submitted

The question now: will countries cave in to these threats or stick together and collect the billions they are rightly owed?

The Guardian - US

Which EU country pays the most and the least for food, drinks and tobacco?

As inflation remains at 2.6%, Denmark was the most expensive country for bread and cereals, as well as for fish, while Romania is the least expensive for fruits, vegetables and potatoes.

Euronews

When the Soil Dries Up and the Labels Stay On

The OECD’s latest report on global land degradation paints an increasingly alarming picture. With 4 °C of warming, droughts are projected to become up to seven times more frequent.

inkl

What was Canada’s digital tax that Trump threatened trade talks over?

Canadian PM Mark Carney said on Sunday he and President Donald Trump had agreed to resume trade negotiations.

Al Jazeera

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‘I’m not going to give up’: how to help more disadvantaged young people go to uni and TAFE

On Wednesday, Education Minister Jason Clare hailed an increase in the numbers of Australians starting a university degree. In 2024, there was a 3.7% increase in Australian students starting a degree, compared to the year before.

The Conversation

How did Spain come to be one of the few nations holding firm on aid spending?

By refusing to slash funding to poorer nations, Spain became an outlier in the new world disorder. Next week it hosts a UN summit in Seville to prove it

The Guardian - UK

Despite decades of cost cutting, governments spend more than ever. How can we make sense of this?

Recent controversies over New Zealand’s Ka Ora, Ka Ako school lunch program have revolved around the apparent shortcomings of the food and its delivery. Stories of inedible meals, scalding packaging and general waste have dominated headlines.

The Conversation

Nvidia CEO Jensen Huang Doesn’t Think The U.S. Has as Big of an Advantage in AI as We Think, ‘Huawei Will Have China Covered’

Nvidia CEO warns U.S. tech export bans may backfire, boosting China’s self-reliance and weakening America’s innovation and economy.

Barchart

Pensioner poverty in Europe: Which countries have the highest rates?

Pensioners tend to face greater financial difficulty in Eastern Europe, while poverty rates are generally lower in Nordic and Western European countries. Switzerland and the UK are outliers here, showing comparatively high levels of pensioner poverty.

Euronews

EU targets Trump's 'Big Beautiful Bill' over tax provision in tariff talks

The US budget bill could impose a tax of up to 20% on US-sourced income received by foreign investors. The provision of the bill, which has raised concerns within the EU, is currently part of the ongoing negotiations on tariffs, according to EU lawmaker Markus Ferber.

Euronews

Tax Comparisons Show 'Free' Stuff is Very Expensive

And the stuff you get is of the government’s choosing—not yours.

Reason

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The Conversation

Is regulation really to blame for the housing affordability crisis?

The Albanese government has a new mantra to describe the housing crisis, which is showing no signs of abating: homes have simply become “too hard to build” in Australia.

The Guardian - UK

Scientists warn against attempts to change definition of ‘forever chemicals’

Move to narrow classification of Pfas and weaken regulation is ‘politically and/or economically motivated’

The Independent UK

Alcohol consumption in Ireland falls by almost 5% in a year

Beer was Ireland’s most popular alcohol last year

Bored Panda

Best Countries To Live In 2025: What The Rankings Don’t Reveal

Best Countries To Live In 2025: Beyond The Rankings. Which country offers the best quality of life? Explore top destinations like Norway, Sweden and Denmark.

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The Conversation

Four years after a 15% global minimum tax deal, the world remains divided on how to implement it – podcast

In October 2021, 136 countries agreed to establish new tax rules requiring large multinational companies to pay at least 15% in corporate tax. Nearly four years later, this ambitious agreement is finally being implemented around the world, but its success faces big challenges.

International Business Times UK

With Growth Stuck at 1%, What Can the UK Do to Avoid Stagnation?

UK growth is stuck at 1% in 2025. Can Britain avoid stagnation? Here's what's driving the slowdown and what policy experts say must happen next.

The Conversation

Australia is in the firing line of Trump’s looming ‘revenge tax’. It’s a fight we’re unlikely to win

The Australian Labor Party just won an election victory for the ages. Now, it may be forced to walk back one of the key achievements of its first term.

Bored Panda

30 Americans Share Shocking Tariff Costs Hitting Their Wallets

American-New-Tariffs-Receipts

Radio France Internationale

EU condemns Trump’s 50 percent metal tariffs as ministers gather in Paris

The European Union has said it "strongly regrets" a fresh move by US president Donald Trump to double import tariffs on steel and aluminium to 50 percent, warning the decision risks derailing efforts to resolve an escalating trade dispute with the United States. The new tariffs took effect on Wednesday.

International Business Times UK

US Faces Stunted Growth and Soaring Inflation from Tariffs, OECD Warns

The OECD warns Trump's tariffs will stunt US growth to 1.6% and push inflation near 4% by 2025. Can businesses and shoppers adapt to this economic shake-up?

Barchart

Stocks Finish Higher on Chip Stock Strength and Healthy US Labor Market

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.79%. June E-mini S&P futures (ESM25 ) are up +0.58%, and June E-mini Nasdaq futures...

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