Tue, 21-Oct-2025

CCP Chairman Attends OECD Global Forum on Competition

CCP Chairman OECD Global Forum

Islamabad, 25 December 2023: Chairman Competition Commission of Pakistan (CCP) Dr. Kabir Ahmed Sidhu participated in the Global Forum on Competition. It was held by the Organization for Economic Cooperation and Development (OECD) on 7-8 December 2023 in Paris. The Forum brought together heads of competition authorities from over 110 countries worldwide. Chairman Sidhu also … Read more

France & US plan ban on private finance to coal-fired plants at COP28

France US plan ban on private finance

France & US plan ban on private finance to coal-fired plants at COP28. India was informed of the plan earlier this month. The proposal suggests the OECD set coal-exit standards for private finance firms. France, with U.S. support, plans to propose a halt to private financing for coal-based power plants at the upcoming U.N. climate … Read more

Tokyo police warns that drowsy drivers are causing accidents

Tokyo

10 pedestrians died in accidents this year, 22% of total municipal deaths. “That’s twice what it was the previous year,” said police. The average Japanese person consumes 8 liters of pure alcohol annually. Due to an uptick in drinkers being killed by cars after passing out on the road, police in Tokyo are advising people … Read more

Due to ‘Hefty Price’ of the Ukraine War, the OECD predicts lower growth

Ukraine

The Organisation for Economic Co-operation and Development (OECD) slashed its 2022 growth forecast and pro­jected higher inflation. The Paris-based organisation, which represents 38 most developed countries, is the lat­est institution to predict lower GDP growth due to the Ukraine conflict. The OECD has cautioned that the world economy will pay a “powerful value” for Russia’s … Read more

Rocketing petrol prices fuel Boris Johnson’s woes

Boris Johnson vows to address Britain’s cost-of-living crisis. He is under pressure to move on from a series of scandals, including lockdown-breaching parties. The cost of filling up the average family car surpassed £100 ($125) for the first time. Boris Johnson, Britain’s struggling prime minister, vowed on Thursday to address the country’s cost-of-living crisis, including … Read more

Dow, S&P 500 dip as growth worries weigh on sentiment

Dow

The Dow Jones Industrial Average was down 0.4 percent at 33,040.72. The S&P 500 fell 0.3 percent to 4,147.55. The tech-heavy Nasdaq Composite Index remained unchanged at 12,175.40. Early Wednesday, Wall Street equities mainly declined, continuing the week’s bumpy pattern as markets assess a weaker global growth picture due to inflation fears. As a result … Read more

Taxes to tackle inequality

Taxes

WASHINGTON: Public debt ratios in Latin America and the Caribbean (LAC) increased by about 10 percentage points of GDP in 2020. With debt service costs rising, countries in the region are under pressure to cut public spending and/or raise taxes, even in the face of widespread needs to respond to the pandemic. Our latest Regional … Read more

Has Omicron knocked the global supply chain back on its heels?

Omicron

The emergence of the Omicron variant has thrown early signs of recovery in the global supply chain into doubt across the world, including in the Middle East and North Africa, Arab News reported. “There may still be swings, but overall, I think the worst is over,” said Esben Poulsson, who chairs the International Chamber of Shipping, on … Read more

OECD hails ‘major victory’ as global tax holdouts join reform

OECD hails 'major victory' as global tax holdouts join reform

BUDAPEST: A global push to enact a minimum international tax on big corporations moved closer to reality on Friday as one of the last holdouts, Hungary, agreed to join a reform that now counts 136 countries. The OECD-brokered deal, which sets a global tax of 15 per cent, is aimed at stopping international corporations from … Read more

IEA forecast grim outlook of oil market amid COVID-19 Vaccine trials

IEA

The International Energy Agency (IEA) has predicted grim circumstances for the oil market across the world even after the successful trials of the coronavirus vaccine. According to the details, IEA forecasted that the vaccine was unlikely to ride to the rescue of the global oil market for a period of time. This projection came following a … Read more

World will take years to recover from Economic Shock

World

To recover from the economic shock due to coronavirus pandemic, the world will take many years, said secretary general of Organisation for Economic Co-operation and Development. Angel Gurría OECD secretary general said the economic shock was already bigger than the financial crisis. He told the BBC it was “wishful thinking” to believe that countries would … Read more

Global markets trip as trade war fears resurge

Global markets trip as trade war fears resurge

Global stocks retreated Thursday on continued doubts about US-China trade talks while the OECD slashed its growth outlook, citing the protracted trade conflict. Investors, already nervous about the slow progress of the talks, became even more cautious after both houses of Congress overwhelmingly approved a bill supporting the pro-democracy movement in Hong Kong and sent … Read more