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India provided more climate finance in 2022 than many rich nations, noted recent report

India provided $1.287 billion in climate finance to other developing countries through MDBs in 2022…

PTI   


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All eyes on China: Rush of foreign investors can do little to stave off a slowdown, says World Bank

​​China's last public holiday of the year, the Golden Week, which ended on October 7 and commemorat…

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India to see solid domestic demand for the next 2 years, to grow at the rate of 6.5%-7%

The OECD report projects stable economic growth for emerging G20 economies, including India. India'…

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Lithuania is the world's happiest place for under 30s, but it's also Europe's suicide capital

Lithuania was ranked as the world's happiest place for under 30s, but it also has high suicide rate…

Joshua Nelken-Zitser   


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The US is reportedly proposing a 15% global minimum tax rate on corporations

Treasury Sec. Janet Yellen has been making the case for a nonbinding global minimum tax rate, and t…

Juliana Kaplan   


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The new global minimum tax could bring in $150 billion for worldwide governments, report says

The Group of 7 summit yielded a historic tax agreement that, if enacted, could yield billions for g…

Juliana Kaplan   


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Biden's global tax reform with the G-7 is close to the biggest tax breakthrough in 100 years, report says

Treasury Secretary Janet Yellen has been at the forefront of enacting a global minimum tax, and the…

Juliana Kaplan   


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American corporations could pay to vaccinate the world 10 times over with just their extra profits from 2021

Vaccinating the world would cost about $50 billion, the OECD says. That could be easily paid for fr…

Ben Winck,Andy Kiersz   


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One gobsmacking chart shows how Biden's economy is doing way, way better than all the others

The US is the only advanced country with a bigger economy now than before the pandemic. Thank a yea…

Ben Winck,Andy Kiersz   


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Over 90% of the world's economy just agreed with Joe Biden and Janet Yellen on how to tax companies

Since becoming Treasury Secretary, Janet Yellen has tried to reform the world's tax regime. She jus…

Juliana Kaplan   


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Why Republicans don't want major corporations like Amazon to pay even a minimum tax rate of 15%

Biden is seeking a corporate tax rate of 28% to pay for infrastructure, but he'd settle for major f…

Joseph Zeballos-Roig,Juliana …   


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The US economy is set to grow at the fastest pace since 1984 thanks to stimulus and the rapid vaccine rollout, the OECD said

The OECD said US growth was already picking up, aided by President Joe Biden's $1.9 trillion stimul…

Harry Robertson   


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How Joe Biden and Janet Yellen want to transform global taxes

Biden needs to raise revenue, but other countries with lower corporate taxes could lure multination…

Juliana Kaplan   


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OECD doubles 2021 US growth prediction to 6.5% after Joe Biden's $1.9 trillion stimulus bill

The OECD said there "would be a clear immediate boost from stimulus payments to households" from th…

Harry Robertson   


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OECD joins the IMF and Economic Survey in predicting India’s return to being the fastest growing economy in the world this year

India’s central bank had declared that the country’s economy was in a recession after witnessing tw…

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World Bank chief economist says full global recovery from the COVID-19 crisis may take 5 years

"Everything depends" on when a vaccine gets approved and how long it would take for global access, …

Shalini Nagarajan   


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The OECD warns the world economy will collapse by 4.5% this year, in its worst slowdown since World War Two

China, the US, and Europe are expected to perform better than expected, while many countries are st…

Shalini Nagarajan   


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The global economy will recover from COVID-19 faster than expected, but new stimulus is still needed, OECD says

The organization lifted its outlook for global growth to -4.5% from June's -6% estimate, noting the…

Ben Winck   


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India’s soft against foreign bribery: Report

The report shows how over the period of 2014 to 2017, there have been no foreign bribery cases f…

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Global growth will hit a 5-decade high in 2021 on vaccine-powered rebound, OECD says in upgraded forecast

The OECD lifted its 2021 global growth estimate to 5.8% from 4.2%. G20 nations will outperform whil…

Ben Winck