Finance & Economics

OECD’s Gurría welcomes call for ‘Social Compact for Digital Privacy and Security’ as critical first step for trust and economic prosperity

On the occasion of the Global Conference on Cyberspace meeting in The Hague on April 15, the Global Commission on Internet Governance (GCIG) issued a statement calling on ‘the global community to build a new social compact between citizens and their...

EP backs carry-over of EU funding to 2015 for late-starter national programmes

Parliament agreed to changes to ceilings in the EU’s Multiannual Financial Framework for 2014-2017 on Wednesday, to help fund 300 state-managed programmes, in all EU member states, that started too late to qualify for EU funding in 2014. These changes...

Abenomics’ ‘third arrow’ key to revitalising Japan’s economy

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Trade MEPs beef up rules to stem flow of conflict mineral money to armed groups

EU smelters and refiners importing „conflict” minerals and metals would have to be certified by the EU in order to help stem the flow of revenue to armed groups, under a draft law as amended by the International Trade Committee on Tuesday. Other...

OECD tax burdens on wages rising without tax rate increases

Taxes on wages have risen by about 1 percentage point for the average worker in OECD countries between 2010 and 2014 even though the majority of governments did not increase statutory income tax rates, according to a new OECD report.

IMF Executive Board Concludes 2015 Article IV Consultation with Mongolia

On April 3, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the 2015 Article IV Consultation with Mongolia.

New Malawi Economic Monitor Calls for Restoration of Macroeconomic Stability

A new report by the World Bank analyzing Malawi’s economic development shows that the country’s economy continues to grow at a moderate pace and that GDP will not be overly affected by the floods that hit the country early this year. The economy is...

IMF Executive Board Completes the Fourth Review Under the Extended Credit Facility Arrangement with Solomon Islands and Approves US$0.2 Million Disbursement

On April 10, 2015, the Executive Board of the International Monetary Fund (IMF) completed the fourth review of the Solomon Islands’ economic performance under the Extended Credit Facility (ECF) arrangement.

Conflict minerals: preventing military groups from funding their activities

Military groups in conflict areas such as in the Democratic Republic of the Congo often use the sale of minerals found in their territory to fund their activities. A new EU proposal aims to put an end to this by setting up an EU system of self-...

EP this week: TTIP, biofuels, conflict minerals, health care, plenary

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MEPs have another busy week ahead of them.