Finance & Economics | WPN World People News

Australia delivered USD 5.44 billion in official development assistance (ODA) last year, or 0.36% of its growth national income. It is the eighth most generous country in the OECD’s Development Assistance Committee (DAC), which groups the world’s major donors.

A child porter working the busy streets of East Jerusalem.

Multilateral agreement to cut red tape in international trade would dramatically reduce trading costs and add a substantial boost to the global economy, according to new OECD research.

Korea should strengthen its social safety net and improve support for laid-off workers to help them find a new job more quickly, according to a new OECD report.

Over 11 million Indonesians across the country are set to benefit from improved water and sanitation facilities following approval of additional financing by the World Bank Board of Directors.

Multilateral agreement to cut red tape in international trade would dramatically reduce trading costs and add a substantial boost to the global economy, according to new OECD research.

Participants recognised the progress being made by Ukraine to increase its energy security, inter alia through the modernisation of its gas transportation system, the diversification of its sources of gas, and its efforts to move forward with gas sector reforms and restructuring of NJSC Naftogas of Ukraine in line with its Energy Community commitments. They recognised that Ukraine is at a crossroads, with a major opportunity to develop beyond its important traditional role as a transit country and also become a gas hub for Eastern Europe due to its conventional and unconventional gas resources, its extensive pipeline network and its important gas storage facilities.

The European Commission has expressed serious doubts over draft measure notified by the Austrian telecoms regulator (RTR) on the wholesale market for terminating segments of leased lines - the final part of the network. Leased lines are dedicated connections (private circuits) for transmission of voice and data used by operators to deliver telecommunications services, usually used by businesses to connect geographically distant offices.

Europe and North America - that's according to a team of researchers at U.S. and European universities. Rates of suicide, depression and infectious diseases are up, and even malaria, eradicated from most Western countries decades ago, has staged a comeback in Greece.

Europe’s SMEs have a key role in solving the EU’s economic challenges and have the potential to create 23 million jobs, according to Minister for Jobs, Enterprise and Innovation Richard Bruton TD.

Minister Bruton was speaking after he chaired a meeting of EU Enterprise and Industry Ministers in Dublin Castle.Ministers discussed how to enable SMEs to drive European growth and job creation. The meeting was the second day of a two-day informal meeting of the EU Competitiveness Council, being held as part of the Irish Presidency of the European Union.