Home Topics OECD

OECD

South Korea's air quality was the worst among its peers in the Organisation for Economic Co-operation and Development as of 2017 [Kim Hong-Ji-Reuters]

South Korea steps up fight against pollution

South Korea on Wednesday ramped up its firepower as its battle pollution, passing a set of bills that designate the problem a 'social disaster' and which could unlock emergency funds to tackle the issue.
US crude oil

Oil rises on ongoing OPEC-led supply cuts, fall in US rig count

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
OECD

OECD: Gender equality advances in spite of legal, social barriers

The Organisation for Economic Cooperation and Development (OECD) on Friday said countries around the world are making progress on gender equality, but legal discrimination and social norms are hampering advances.
US President Donald Trump speaks before a meeting between US and Chinese officials in the Oval Office of the White House January 31, 2019 in Washington, DC. (Photo by Brendan Smialowski - AFP)

US trade deficits hit embarrassing high despite Donald Trump’s trade wars

President Donald Trump’s global trade offensive has posted a resounding failure with government data showing America’s trade deficit in 2018 hitting the highest level in a decade.

Oil drops as China cuts economic growth target

Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.

EITI ranks Nigeria, Norway highest in extractive sector transparency

The board of the global Extractive Industries Transparency Initiative (EITI) Wednesday said Nigeria and Norway have achieved the highest level of transparency marks against the EITI standard in pushing for
People walk past an Apple store in Beijing on December 11, 2018. – Apple stores in China continued with business as usual on December 11, despite a Chinese court-ordered ban on iPhone sales that could hurt the US tech firm in one of its most crucial markets. (Photo by GREG BAKER / AFP)

Apple agrees to pay €500 million as tax settlement in France

Apple said on Tuesday it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to reach a deal with France which has led a European push for higher taxes on tech giants.
Secretary-General of OPEC, Mr. Mohammed Barkindo

Mohammed Barkindo: OPEC focused on averting new oil glut before April meeting

OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters.
China's President Xi Jinping is seen on a big screen in the media centre as he speaks at the opening ceremony of the first China International Import Expo (CIIE) in Shanghai on November 5, 2018. - President Xi Jinping vowed on November 5 to open access to China's economy, while delivering a veiled rebuke to the Trump administration, as he kicked off an import fair amid growing foreign accusations that his government was backtracking on reform pledges. (Photo by Johannes EISELE / AFP)

China to ‘immediately’ implement measures of trade truce with US

China has announced it will "immediately" implement measures agreed under a trade war truce with the United States.
South Korea's President Moon Jae-In presides over an emergency meeting with National Security Council members at the presidential Blue House in Seoul on November 29, 2017 following a new North Korean missile test.

South Korea to expand renewable energy production

Moon made the remarks on Tuesday at a ceremony held in the southwest coastal city of Gunsan to announce plans to establish the country’s biggest renewable energy production complex on the Saemangeum reclaimed land in the region.

Transparency: Bribery going unpunished in world’s top exporting economies

Cross-border bribery and corruption are worldwide phenomena conducted with impunity, with both developed and developing countries failing to enforce anti-corruption laws and conventions, a report released Wednesday found.
Austrian Finance Minister Hartwig Loeger (C) and other participants pose for a family photo at a Eurogroup meeting, Informal meeting of economic and financial affairs ministers in Vienna, Austria, on September 7, 2018. Eurozone and EU finance ministers meet to discuss reforms and trade tensions with US. HERBERT NEUBAUER / APA / AFP

EU ministers ‘battle’ over French-backed digital tax

EU finance ministers battled Saturday over an increasingly controversial proposal to slap a European tax on US tech giants amid rising worries that it is ineffective and protectionist.

FRSC: Africa loses 38% of pedestrians in road accidents annually

The Corps Marshal, Federal Road Safety Corps (FRSC), Dr. Boboye Oyeyemi, has disclosed that 38% of all Africa’s road traffic deaths involve pedestrians.

African Union leaders set to meet to review free trade, crises

African Union (AU) leaders are set to meet in Mauritania for a two-day summit focusing on free trade, tackling corruption and dealing with the continent's humanitarian and security crises.

Oil price fall to $75 per barrel on rising supply by US

There are indications that the oil industry of the United States of America, USA, is now capitalizing on the recent upsurge in oil prices to pump-up volume in the market, leading to excess supply glut and slump in prices.

Long battle to stop firms bribing Africa for contracts

A spectacular probe into French tycoon Vincent Bollore over suspected graft in Africa marks a rare exception among corporate titans doing business south of the Sahara.

416 donors to IS identified in France

French authorities have identified 416 people who gave money to the Islamic State (IS) group, France's top anti-terror prosecutor said Thursday, as dozens of ministers met to discuss how to cut off funds for extremists.

Minister Kemi Adeosun seeks global cooperation against tax-evading multinationals

Nigeria’s Minister of Finance, Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.

Recent Stories

Coronavirus: Edo begins televised classes for SSCE, NECO students

Following the disruption in academic activities by the Coronavirus (COVID-19) pandemic, the Edo State Government will on Monday, April 6, 2020, begin state-wide broadcast targeted at students in Senior Secondary Schools preparing for West African Senior School Examination (WASSCE) and National Examinations Council (NECO).
The ICPC has said the arrest and detention of the former chairman of the defunct Special Presidential Investigation Panel, Okoi Obono-Obla, was done within the ambits of the law.

ICPC: Okoi Obono-Obla’s arrest, detention followed due process

The ICPC has said the arrest and detention of the former chairman of the defunct Special Presidential Investigation Panel, Okoi Obono-Obla, was done within the ambits of the law.
Chris Isiguzo

NUJ begs government to avoid Chinese medical team

The Nigeria Union of Journalists (NUJ) has pleaded with the Federal Government not to get Chinese medical team involved in the fight against Coronavirus in the country.
5G phone masts are being set alight in the UK, after online conspiracy theories have misleadingly linked the cell towers to the coronavirus pandemic.

British 5G towers set on fire over coronavirus conspiracy theories

5G phone masts are being set alight in the UK, after online conspiracy theories have misleadingly linked the cell towers to the coronavirus pandemic. The BBC reports that at least three 5G towers were set alight last week, and police and fire services were called to extinguish the flames.
Kalidou Koulibaly has called Napoli's 4-0 Champions League win over Genk on Tuesday night an important victory.

Napoli’s Kalidou Koulibaly celebrates Senegal on 60th Independence Day

Napoli defender Kalidou Koulibaly has taken to social media to join in the celebrations of his country Senegal which marked its 60th Independence Day on Saturday.