Russia has yet to address key provisions of the OECD Anti-Bribery Convention, which entered into force in Russia in April 2012. It has not yet fully implemented recommendations for strengthening its framework for combating foreign bribery and should be more proactive in detecting, investigating and prosecuting foreign bribery cases.

We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!

One traditional cylinder of the global growth engine has been specifically weak: this is investment, the second of the 3 “I”s of the Turkish Presidency’s triptych, and in particular cross-border investment.

Israel is not sufficiently proactive in detecting and investigating foreign bribery, with no prosecutions over the past 7 years, despite 14 allegations of foreign bribery involving Israeli individuals or companies. The OECD Working Group on Bribery is, however, encouraged by the recently-opened investigations, and will pay close attention to how these evolve.

Foreign bribery enforcement in the UK has increased significantly since 2012 notably thanks to the pragmatic and effective approach taken by the Serious Fraud Office (SFO) to investigate and resolve foreign bribery cases.

Ireland continues to make substantive headway in improving health outcomes, but more can be done in reducing risk-factors for major diseases and improving value-for-money in health spending, according to a new OECD report.

Health spending has started to rise again after stagnating or even falling in many OECD countries during the crisis. But the pace of growth remains well below pre-crisis rates, especially in Europe, according to OECD Health Statistics 2014.

In the ten years since the introduction of Seguro Popular, some 50 million Mexicans previously at risk of unaffordable health care bills now have access to health insurance. The OECD Review of Health Systems: Mexico 2016 finds that the share of the population exposed to unaffordable or impoverishing health care costs has fallen from 3.3% to 0.8% of the population in the past decade.

Outdoor air pollution could cause 6 to 9 million premature deaths a year by 2060 and cost 1% of global GDP – around USD 2.6 trillion annually – as a result of sick days, medical bills and reduced agricultural output, unless action is taken, according to a new OECD report.

The High-Level Commission on Health Employment and Economic Growth, chaired by H.E. François Hollande and H.E. Jacob Zuma, today delivered its final report and recommendations to United Nations Secretary General Ban Ki-moon on the sidelines of the UN General Assembly in New York.

Australia’s labour market reforms over the past 15 years have boosted employment and cut welfare benefit dependency.

The Phase 3 Report on Japan by the OECD Working Group on Bribery evaluates and makes recommendations on Japan'simplementation and application of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments.

The OECD has now grown into an institution of truly global relevance. And Japan, which was the first Asian country to join the organisation, is now a world economic giant. It is a great honour to introduce the Chairman of the 2014 Ministerial Council Meeting, Prime Minister Shinzo Abe.

The Irish economy still faces tough challenges as the country exits from a deep recession and banking crisis, but its long-term prospects now appear better than many of the other hard hit European countries, according to the OECD’s latest Economic Survey of Ireland.

The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.

The Slovak Republic recovered strongly from the global economic crisis and is weathering well the storm that has struck its main European trading partners. The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, says the latest Economic Survey.

The Colombian economy is strong and the outlook is promising, but the country must do more to ensure that the ongoing commodities boom contributes to sustainable and inclusive growth over the long-term, according to the OECD’s latest Economic Assessment of Colombia.

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive.

The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD’s latest Economic Outlook.

Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.

We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!

The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports.

Membership of the European Union contributes to the economic prosperity of the United Kingdom.

The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD.

Italy is recovering after a deep and long recession. Structural reforms, accommodative monetary and fiscal conditions, and low commodity prices have spearheaded the ongoing economic recovery.

The job market continues to improve in the OECD area, with the employment rate finally returning to pre-crisis levels. But people on low and middle incomes have seen their wages stagnate and the share of middle-skilled jobs has fallen, contributing to rising inequality, according to a new OECD report.

Despite numerous headwinds and adverse shocks, Turkey's real GDP has grown by more than 34% over the past 5 years, faster than any other OECD country except for Ireland and only slightly less than China and India.

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive.

Mexican government’s rescue plan for debt-laden state oil group underwhelms

The less well-off will be the most exposed to Covid-19 infection

Two questions serve as a reality check on excessive American declinism

Promises of huge growth are yet to materialise — but there’s huge potential

The anti-Brexit movement wasted energy on negative campaigning and parliamentary wrecking tactics

Yesterday, Samsung announced that the Galaxy Flip Z sold out online. What, precisely, that means, is hard to say, of course, without specific numbers from the company. But it’s probably enough to make the company bullish about its latest wade into the foldable waters, in the wake of last year’s Fold — let’s just say […]

Mike Mackenzie’s daily analysis of what’s moving global markets

Risk of further bad news from the high street

The superficial conclusion is that it will be a gift to populists and authoritarians 

Trade Policy Review: European Union The fourteenth review of the trade policies and practices of the European Union takes place on 18 and 20 February 2020. The basis for the review is a report by the WTO Secretariat and a report by the European Union.

At PwC we have put significant effort into generating a national conversation about Australia's tax system and the need to improve it.

A new PwC survey has found that 70 per cent of major Australian companies are planning to enter new joint ventures or strategic alliances to drive growth from the Chinese market.

Strategies for staying ahead amid a dizzying e-commerce landscape.

Barcelona have set their sights on bringing Neymar back to the Nou Camp but are wary of the Brazilian's mammoth £135million price tag, according to reports in Spain.

Peter Wright will be the man to challenge defending champion Michael van Gerwen in the PDC World Championships final, as the pair came out on top on Monday night.

Chris Brasher was one of the great Corinthians: four-minute mile pace-maker, Olympic champion, mountaineer, journalist, pipe smoker and all-round bon vivant.

He's wowed week after week with his impressive dance routines, as well as winning people over with his buff body.

This is only the latest battleground in the tussle to decide who will be considered the greatest of all time. Novak Djokovic, Roger Federer and Rafael Nadal are likely to stroll through quarter-finals.

Barcelona boss Quique Setien has commented on the ongoing speculation surrounding his side's attempts to bring in a new striker as cover for an injury-hit forward line this week.

Dupri said he was simply adding on to an ongoing discussion in regards to the image and content of contemporary female rap artists.

The actor, 61, who played Derek Branning in EastEnders between 2011 and 2012, revealed he suffered a heart attack, just like his character in the BBC soap.

The Englishman, playing during the first round at the British Masters - which is being hosted by Ryder Cup hero Justin Rose - enjoyed a moment he won't ever forget by sinking a hole-in-one.