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BIZARRE: 42 | Mind Blowing Facts

China’s lockdowns will help cut global oil demand, predicts IEA

Organisation lowers its oil demand forecast as Covid measures cushion impact of lost Russian flows

The Guardian - UK

Developing countries ‘miss out’ on £100m in UK foreign aid after government monetises vaccine donations

Campaigners say donated vaccines should be ‘additional to the UK aid budget’ and urge ministers to prioritise overseas development funding ‘to those most in need’

The Independent UK

Global overseas aid climbs to all-time high, rising 4.4% in real terms – OECD

Concern expressed that figures count Covid vaccines as aid, while Britain is among EU countries accused of ‘gutting’ contributions

The Guardian - UK

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Mathias Cormann calls for greater foreign aid despite role in Australian cuts

OECD leader urges increase despite previously defending Australia’s cuts while finance minister

The Guardian - AU

Factcheck: did Scott Morrison really save 40,000 lives from Covid?

Experts break down the PM’s claim, the effectiveness of Australia’s Covid response and who gets credit

The Guardian - AU

BoI speeds up rejig of incentives

The Board of Investment (BoI) is accelerating the revision of investment incentives to align them with global changes and offset the impact of the new world tax regimes proposed by the Organisation for Economic Co-operation and Development (OECD).

Bangkok Post

One issue matters more to top economists than any other this election: climate change

Offered a menu of issues to choose from as the most important in the May 21 election, Australia’s top economists have overwhelmingly zeroed in on one.

The Conversation

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Scott Morrison says Australia's emissions record is better than the US, NZ, Canada, Japan and many European countries. Is that correct?

Prime Minister Scott Morrison says Australia has reduced emissions by around 20 per cent, and that this is a better record than the US, NZ, Canada, Japan and many European countries. Is that correct? RMIT ABC Fact Check investigates.

ABC News

Sick of packing school lunches already? Here's how to make it easier

As academics and dietitians, we have a head start in making nutritious choices for our kids, but we also sometimes struggle with lunchboxes.

The Conversation

Labor and Coalition ramp up pressure on multinational tax avoidance ahead of election

As part of its election pitch to fight multinational tax avoidance, Labor announces plans to tighten legal loopholes that allow big companies to shift profits offshore, as well as to introduce steps to increase transparency.

ABC News

Michael Hiltzik: Did Sweden beat the pandemic by refusing to lock down? No, its record is disastrous

Throughout much of the pandemic, Sweden has stood out for its ostensibly successful effort to beat COVID-19 while avoiding the harsh lockdowns and social distancing rules imposed on residents of other developed nations.

Los Angeles Times

A viral meme claims 35.5 per cent of Australian seniors live in relative poverty. Here's why it's bunkum

A years-old meme comparing the poverty rate for Australians aged over 65 to rates in other OECD countries has resurfaced, as cost of living concerns dominate federal election coverage. But its data is out-of-date, and its methodology is lacking.

ABC News

Pause PISA international standardized student testing — it's been two years of pandemic schooling stress

Students are facing significant psycho-social challenges as they return to their classrooms after two years of uneven pandemic schooling. Should schools be adding unnecessary tests to an overburdened educational system?

The Conversation

The jobs - and ageing faces - behind South Korea's record low unemployment numbers

At age 69, Kim Jung-mi holds three jobs: she spends three hours getting a two-year old home from kindergarten every weekday for $9 per hour, then washes vegetables at a store that sells kimchi. Occasionally, she walks her neighbour's dog.

Reuters

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Bangkok Post

Will Putin's war slow China's economic growth?

On March 5, China announced a GDP growth target for this year of about 5.5%, the lowest target since 1991. But that should not come as a surprise. In 2013, World Bank economists and the Chinese State Council projected that China's annual growth rate would decline to 5% by 2030.…

Daily Mirror

Brits' pay slashed by £950 in decade of cuts - full list of 28 countries we lag behind

If the UK kept pace with the OECD average annual pay since 2007, the typical UK worker’s pay packet would be worth £4,000 more today

Bangkok Post

Ukraine War's Global Economic Impact Will Hit Poorest Hardest, OECD Says

Russia's invasion of Ukraine will be felt by households around the world through higher energy and food prices, with disruptions to trade and fragile confidence contributing to a significant weakening of global economic growth, the Organization for Economic Cooperation and Development said Thursday.

France 24

OECD warns of major shock to global economy from war in Ukraine

The Organisation for Economic Co-operation and Development has warned of a major shock to the global economy from the Russian invasion of Ukraine. In its latest report, the OECD estimates that it could wipe a percentage point off global economic growth this year, and drive up inflation by 2.5 percentage…

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The Guardian - UK

Ukraine war means governments must help with soaring bills, says OECD

Leading thinktank raises global inflation forecast to 7.5% as cost of food staples, minerals and energy rises

The Guardian - AU

Tracking Australia’s booster rollout: data shows millions of eligible Australians yet to get third Covid vaccine dose

See how Australia’s sluggish Covid booster rate compares to those in the rest of the OECD

The Conversation

Levelling up: why UK cities are less competitive than their European counterparts

As we emerge from the pandemic-induced economic slump into a world of higher inflation shaped by ongoing crises, like Brexit and the war in Ukraine, quite how we make the UK more competitive is a burning question. There are many sources of competitiveness but a crucial one is how a…

The Independent UK

Counting vaccine donations as foreign aid will allow UK to cut £140m from budget

New international guidelines may even allow Britain and other western countries to claim back substantially more money than they paid for vaccine supplies

Birmingham Post

South West named top UK region for women to work in

The PwC study also found the Covid-19 pandemic exacerbated gender inequalities

Insider UK

Scotland makes Women in Work Index gains, but slips in rankings

The proportion of working-age women in the labour force in Scotland is 74% - the same as the UK overall

The Japan News/Yomiuri

OECD: Global plastic disposal nearly doubled over 19 years

Global plastic production and disposal almost doubled between 2000 and 2019, while only 9% of the plastic used worldwide was recycled, the Organization for Economic Cooperation and Development said in a recent report.

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