Trends - OECD - Business Recorder

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Goodbye oil glut thanks to OPEC+ and recovery: IEA

PARIS: A glut in global oil markets is being worked off as the world economy begins to recover from the Covid-19...

Published 15 Apr, 2021 03:22am

Business & Finance

IMF, World Bank begin push to swap debt relief for green projects

Their heavily tourism-dependent economies have seen revenues dry up as the coronavirus pandemic severely curtails world travel.

Updated 11 Apr, 2021 05:52pm

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G20 extends debt-servicing freeze for poorer nations

ROME: World finance chiefs agreed on Wednesday to boost reserves at the International Monetary Fund by $650 billion...

Published 08 Apr, 2021 04:10am

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FBR enforces convention to prevent profit shifting

ISLAMABAD: The Federal Board of Revenue (FBR) has enforced from April 1, 2021 multinational convention to implement...

Published 03 Apr, 2021 03:41am

World

UN chief calls for more pandemic debt relief for poorer nations

UNITED NATIONS: UN Secretary-General Antonio Guterres called Monday for greater debt relief and new creative...

Published 31 Mar, 2021 05:42am

Business & Finance

US trade chief readies tariffs against six countries over digital taxes

WASHINGTON: US Trade Representative Katherine Tai on Friday said she was maintaining the threat of US tariffs on...

Published 31 Mar, 2021 05:42am

Markets

Swiss Re to phase out reinsuring coal by 2040

The announcement comes as insurers face climate-related losses and get to grips with climate risk in their portfolios.
As an interim step, Swiss Re said it would phase out coal exposure by 2030 for those countries belonging to the Organisation for Economic Co-operation and Development (OECD).

Published 16 Mar, 2021 09:38pm

Business & Finance

Canadian telecoms giant Rogers buys up rival Shaw for Can$26bn

That is 70 percent higher than the recent share price, Rogers said in a joint statement with its rival.

Published 16 Mar, 2021 10:31am

Print

Australia’s former finance minister named OECD chief

PARIS: Australian former finance minister Mathias Cormann was elected Friday as the new head of the influential...

Published 13 Mar, 2021 04:28am

BR Research

On global digital tax

For years now, developed countries have been divided over how to regulate the big tech. Whether and how to tax...

Published 12 Mar, 2021 07:40am

Markets

Oil dips after surge in US crude inventories

NEW YORK: Oil prices fell on Wednesday after a large jump in US crude inventories in the aftermath of last month’s...

Published 11 Mar, 2021 05:25am

Print

China pioneers ‘virus passports’

BEIJING: China has launched a system of so-called "virus passports" to kickstart international travel, as Russia...

Published 10 Mar, 2021 04:59am

Print

Vaccines, US stimulus boost global GDP forecast: OECD

PARIS: The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge ...

Published 10 Mar, 2021 04:59am

World

OECD hikes 2021 world growth forecast to 5.6pc on vaccine, stimulus rollout

It said the "top policy priority" is to deploy vaccines as quickly as possible, to save lives as well as to speed economic recovery.

Published 09 Mar, 2021 05:41pm

Business & Finance

Vaccines, US stimulus boost global GDP forecast: OECD

The OECD now sees the US economy climbing by 6.5 percent this year, an increase of 3.3 percentage points from its previous forecast.

Published 09 Mar, 2021 05:39pm

Markets

Australia economy shrinks 1.1% in 2020

Australia's central bank this week predicted the economy will return to pre-pandemic levels by mid-2021, far earlier than previously forecast.

Published 03 Mar, 2021 11:06am

Opinion

‘Time to dust off’ Keynesian theory

The world economy seems to be coming out of the pandemic largely unscathed. According the latest OECD trade report,...

Published 03 Mar, 2021 05:49am

Opinion

The dark side of first world’s prosperity

‘Behind every great fortune lies a great crime’, so said the French novelist of 18th century, Honore de Balzac...

Published 27 Jan, 2021 04:59am

World

Yellen says Biden to use all tools against China trade abuses

WASHINGTON: The incoming administration of President-elect Joe Biden will use all available tools to address...

Updated 20 Jan, 2021 09:51am

World economy back to pre-pandemic level in 2021: OECD

She urged governments not to let up on support measures as Covid-19 vaccines become available even as public debt levels soar to unprecedented levels.

Published 01 Dec, 2020 04:25pm