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  1. OECD calls on South Korea to adopt strict fiscal rules amid deficit and rapidly aging population

    OECD calls on South Korea to adopt strict fiscal rules amid deficit and rapidly aging population

    "The budget is expected to remain in deficit in 2024 and 2025. South Korea needs to restrain spending until next year," the OECD said in its biennial economic report on South Korea released that day, Yonhap news agency reported."The government needs to adopt the proposed fiscal rules and...
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    • Category: International Affairs
  2. OECD calls New Zealand a 'red tape country'

    OECD calls New Zealand a 'red tape country'

    New Zealand's Minister for Regulation David Seymour stressed the need for New Zealand's regulatory reform, citing areas that are found to be overly regulated, including barriers to foreign direct investment in particular, obtaining licenses and permits, and administrative and regulatory burdens...
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    • Category: International Affairs
  3. Outbound travel from India emerging as future growth engine for global tourism

    Outbound travel from India emerging as future growth engine for global tourism

    In Asia Pacific, the tourism sector's recovery has been different.The report said that while outbound travel from China has rebounded and domestic tourism is expanding, inbound tourism remains well below pre-pandemic levels and is hampering China's broader economic recovery.On the other...
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    • Category: Business & Economy
  4. GPAI Ministerial Council Meeting; Members reach consensus on future vision of partnership

    GPAI Ministerial Council Meeting; Members reach consensus on future vision of partnership

    New Delhi, The ministerial council of the global partnership on artificial intelligence (GPAI) on Wednesday reached a consensus on the multilateral body's future vision, which includes recognizing the transformative potential of AI and acknowledging the emerging risks and challenges posed by AI...
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    • Category: Business & Economy
  5. Dubai's private schools are among the top performers globally in imparting financial literacy, creative thinking skills

    Dubai's private schools are among the top performers globally in imparting financial literacy, creative thinking skills

    Dubai [UAE], Dubai private schools continue to shine in international rankings, ranking second in financial literacy and sixth in creative thinking, according to a study conducted as part of the Program for International Student Assessment (PISA) 2022 the Organization for Economic Cooperation...
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    • Category: International Affairs
  6. OECD, South Korea to discuss global governance on artificial intelligence

    OECD, South Korea to discuss global governance on artificial intelligence

    According to the Ministry of Science and ICT, the initiative, launched on Monday, will act as a global policy platform aimed at helping OECD members build a digital society for shared prosperity.The ministry said it plans to introduce a 'digital bill of rights' based around the five principles...
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    • Category: International Affairs
  7. India's growth rate to be 6.6% in next two years due to public sector demand: OECD

    India's growth rate to be 6.6% in next two years due to public sector demand: OECD

    New Delhi [India], India's GDP is projected to grow by 7.8 per cent in the recently concluded fiscal year 2023-24 and by about 6.6 per cent in each of the next two fiscal years, according to the latest Economic Outlook of the OECD. , However, global near-term developments pose obstacles to...
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    • Category: Business & Economy
  8. International aid to increase in 2023 with increased support for humanitarian needs: OECD

    International aid to increase in 2023 with increased support for humanitarian needs: OECD

    Dubai [UAE], International aid from official donors increased to a high of US$223.7 billion in 2023, from US$211 billion in 2022, as countries increased aid flows to Ukraine and provided more humanitarian assistance to developing countries . The 1.8% increase in real terms was the latest in a...
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    • Category: International Affairs
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