The third day of pre-season testing in Jerez saw Sauber's Felipe Nasr at the top of the timesheets, while McLaren made limited progress with its new Honda-powered MP4-30 and Red Bull were delayed by a lengthily Renault engine change

Kimi Raikkonen put Ferrari at the top of the Jerez timesheets for the third day in four as the first week of pre-season testing came to a close on Wednesday

High-growth firms (HGFs) – firms able to grow fast over a short period of time – contribute to most new jobs in advanced economies.

Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).

The OECD Due Diligence Guidance is being used as the basis and benchmark by many industry initiatives created to ensure the responsible sourcing of minerals. This report presents the findings of a pilot alignment assessment of five industry programmes against the recommendations of the OECD Guidance to gauge the coherence, effectiveness and credibility of these initiatives.

The Global Forum on Transparency and Exchange of Information for Tax Purposes published today 9 new peer review reports, including a Phase 1 Supplementary Report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request.

Hungary has made progress in greening its economy and cutting emissions, but it needs to speed up efforts to replace fossil fuels with renewable energy sources, improve energy efficiency in buildings and promote sustainable transport, according to a new OECD Review.

The OECD Working Group on Bribery has serious concerns about Iceland’s lack of progress in combatting the bribery of foreign public officials, and to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

This publication reviews progress made since 2008 and identifies areas for future work. It demonstrates that the Internet economy has now reached a point where it has become a new source of growth, with the potential to boost the whole economy, to foster innovation, competitiveness and user participation, and to contribute effectively to the prosperity of society as a whole.

Behavioural insights have the potential to enhance the effectiveness of financial literacy and investor education initiatives. This IOSCO/OECD report explores the extent to which they are being used, reviews the available literature and presents various approaches for policy makers and practitioners to consider when seeking to change financial behaviour.

OECD countries have made much progress over the past decade in helping immigrants integrate in society. But much remains to be done, notably in improving how well immigrant children do at school and in finding work, and in immigrant women’s access to employment, according to a new OECD report.

Climate change mitigation and sustainability are the key rationales for increasing the share of renewable energy. Yet definitions of renewable energy used by policy-makers are so broad that subsidy regimes and other policies to promote renewable energy are able to result in highly negative climate, environmental and human impacts.

The meeting took place on 17-18 September 2013 in Tbilisi, Georgia and marked the 20th anniversary of the OECD environment-related co-operation with countries of Eastern Europe, Caucasus and Central Asia.

The OECD is to review its chemical hazard assessment programme with the aim of providing a more specialised service for member countries from 2015.

In the two decades since apartheid ended, South Africa has made impressive strides to catch up with – and in some cases surpass -- the developed world’s environmental standards.

This meeting addressed green growth policies for small and medium-sized enterprises, water governance in line with green economy requirements, and reporting on the Task Force programme implementation and plans for 2015.

Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.

International cooperation is now more critical than ever, OECD Secretary-General Angel Gurría said following a G20 Leader’s Summit marked both by controversy but also advances on a range of policies to tackle global challenges.

Hungary has made progress in greening its economy and cutting emissions, but it needs to speed up efforts to replace fossil fuels with renewable energy sources, improve energy efficiency in buildings and promote sustainable transport, according to a new OECD Review.

The large need for investments in sustainable infrastructure will require investments from the private sector, including institutional investors. This paper contributes to scaling up investments by analysing public project-level interventions for projects involving institutional investors; and presents findings from an updated database on institutional investments in environmentally sustainable infrastructure.

This paper provides a concrete example of how policy analysts can use empirical programme evaluation studies to perform ex-post assessments of environmentally related tax policies. A number of studies credibly identify causal effects of environmentally related tax policies, but do not necessarily provide all the information needed to fully inform the policy-making process.

As discussions to develop a set of sustainable development goals (SDGs) build momentum, attention is starting to shift towards not only what the world should try to achieve, but also how to go about it.

The 2011 Green Growth Strategy provided initial guidance to governments on how to achieve economic growth and development, while preventing costly environmental damage and inefficient resource use. What progress have countries made in aligning economic and environmental priorities since 2011?

Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.

Many countries have become more efficient in using natural resources and the services provided by the environment, generating more economic output per unit of carbon emitted and of energy or raw materials consumed. Yet progress is too slow, and if emissions embodied in international trade are included, advances in environmental productivity are more modest, a new OECD report shows.

High-growth firms (HGFs) – firms able to grow fast over a short period of time – contribute to most new jobs in advanced economies.

This report presents the OECD's assessment of recent developments in Israel in the area of labour market and social policy. It focuses on recent trends in poverty and employment outcomes and policy development to improve employment opportunities, especially for the Arab and Haredi communities

Costa Rica enjoys relatively high life satisfaction levels, but should do more to develop a more inclusive and sustainable economy, according to a new OECD report.

The Municipality of Hermosillo in Mexico shows a 12% progress in the implementation of OECD recommendations to simplify formalities to boost entrepreneurship and create employment.

Openness is one of the key values that guide the OECD vision for a stronger, cleaner, fairer world. This is why the OECD welcomes the launch of the Open Government Partnership today and the efforts led by Presidents Obama and Rousseff to promote government transparency, fight corruption, empower citizens and maximise the potential of new technologies to strengthen accountability and foster participation in public affairs.

Mexico has improved, but needs to give greater priority to the criminal enforcement of bribery and ensure that its criminal law enforcement authorities have all the resources and expertise they need to seriously investigate all allegations, according to a new OECD report.

Korea has improved its information and intelligence gathering capacity in foreign bribery cases, but should be more proactive in investigating allegations, according to a new OECD report.

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.

Georgia has achieved significant progress in reducing corruption over the past decade. To build on this progress, the Government should focus on strengthening its professional civil service and ensure independence of the judiciary, according to a new OECD report.

Chile has made positive efforts to implement the Convention, but there has not been a single foreign bribery conviction. Chile did not sufficiently investigate several of the six foreign bribery allegations that have surfaced since 2001. Chile should improve its investigative and detection efforts, says OECD

Turkey is a significant and geopolitically critical economy. Its companies, like those from many other countries, operate in corruption-prone sectors and countries. In spite of this, only 10 allegations have come to the attention of Turkish authorities since foreign bribery became an offence in Turkey in 2003.

The OECD Working Group on Bribery has serious concerns about Iceland’s lack of progress in combatting the bribery of foreign public officials, and to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

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.

The next review of Sweden’s implementation of the OECD Anti-Bribery Convention, which was scheduled for October 2018, has been delayed until 2019. This is due to the fact that Sweden has not yet enacted legislation to urgently address remaining recommendations to reform its laws on corporate liability for the bribery of foreign public officials.

The Czech Republic should build on the strengths of its preschool education framework to further enhance the quality of its early childhood education and care services, according to a new OECD report.

Join around 500 higher education policy-makers, institutional leaders and academic experts active in higher education at the biennial General Conference of the OECD’s Programme for Institutional Management in Higher Education on 17-19 September in Paris.

Korea should reform its vocational education and training programmes to ensure that students leave college with the skills and expertise that companies need in today’s rapidly changing labour market, according to a new OECD report.

England should expand the provision of postsecondary vocational training in order to meet the changing needs of students and employers, according to a new OECD report.

OECD Secretary-General Angel Gurría today welcomed Brazil’s further engagement with the Organisation’s world-leading global education assessment programme (PISA) during a signing ceremony in Brasilia with Brazil’s Minister for Education Aloízio Mercadante.

The OECD and China have announced that they will expand their cooperation in PISA, following the successful implementation of PISA 2009 and 2012 in Shanghai.

One of the most dramatic consequences of the economic crisis has been the soaring levels of youth unemployment in several OECD countries; and the hesitant recovery of the past years was insufficient to improve the job prospects of young people.

In 2012, in more than one-third of OECD countries, over half of all upper secondary students participated in pre-vocational or vocational programmes but less than 30% of those students were exposed to work-based learning. Countries with well-established and high-quality vocational and apprenticeship programmes have improved youth employment opportunities.

In the 2012 PISA test, urban students in Latvia outperformed rural students by the equivalent of more than a year of schooling – half a year more than the average performance difference between these two groups of students across OECD countries.

Costa Rica is recognised across Latin America as a leader in education. The country was among the first in the region to enrol all children in primary school and combat adult illiteracy.

Gokul Anandayuvaraj, the founder and CEO of VINVELI, is one such entrepreneur and tech innovator. From his consistent hard work and contribution, he has been inspiring millions of engineers and budding entrepreneurs all over the world, especially in the field of aerospace.