Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered.

Much of the convergence of the Latvian economy needs to come from productivity increases. To achieve this, policy makers should do more to facilitate the integration of the economy into global trade and promote competitive business environment.

Over the past decade, France has substantially eased the burden of anti competitive regulations and effectively enforced competition law against anti-competitive practices.

As described in the 2016 OECD Economic Survey of Indonesia, economic growth is expected to pick up over the course of 2016 and into 2017. Despite persistently weak external conditions, confidence is returning, with inflation moderating, a stable rupiah and government investment in infrastructure gathering pace.

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.

Well-known global companies such as Google, Apple and Amazon of the digital era as well as more traditional ones of the likes of BMW, L’Oreal and Nestlé have recorded impressive productivity gains over the 2000s as they created more and more revenue per employee. At the same time, aggregate productivity growth in the OECD – that reflects the performance of all businesses not just the few most successful ones – has stagnated.

The Nordics are rightly renowned for being inclusive societies with low inequality compared to other OECD countries. However, some of the largest inequality increases over the past few decades took place in Sweden, Finland and Denmark.

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.

This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances.

Public investment benefits current as well as future generations.

Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions.

Employers focus on better ways to hire wider range of people

The collapse in the price of the black stuff is proving a boon for ship owners

Century-old agriculture lender is latest state group in need of government support

Revised agreement comes a day after the exit of central bank governor

Brussels sets out tariffs proposals aimed at reducing risk of smuggling into bloc

The technology has significant potential to shake up the construction sector

JPMorgan data show about one in four loans was behind on payments last month

The worldwide Covid-19 death toll rose by 6,365 on Tuesday, pushing the total through 200,000

In its first-quarter earnings report today, Samsung said it expects the COVID-19 pandemic to continue impacting its business for the rest of the year, cutting into sales for smartphones and TVs, but increasing demand for PCs, servers and memory chips as people continue to work or study from home. Samsung’s results for the first-quarter of […]

I am approaching retirement age with very little pension to live on

Zoom announced this morning that it has acquired Keybase, a startup with encryption expertise. It did not reveal the purchase price. Keybase, which has been building encryption products for several years including secure file sharing and collaboration tools, should give Zoom some security credibility as it goes through pandemic demand growing pains. The company has […]

The U.S. Energy Information Administration (EIA) released updated projections of future U.S. energy production and use in its Annual Energy Outlook 2020 (AEO2020) today.

The average retail price for home heating oil rose 2.3 cents from last week to $3.08 per gallon. That's down 2.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.99 per gallon, up 1.8 cents from last week, but down 10.9 cents from a year ago.

The U.S. average retail price for regular gasoline rose to $2.58 a gallon on Monday. That's up 7 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline rose to $2.58 a gallon on Monday. That's up 7 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for on-highway diesel fuel rose to $3.08 a gallon on Monday. That's up a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The average retail price for home heating oil rose 4.7 cents from last week to $3.12 per gallon. That's up 3.2 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $3.04 per gallon, up 5.4 cents from last week, but down 5.1 cents from a year ago.

The average retail price for propane is $2.01 per gallon, up 4-tenths of a cent from last week's price, but down 41.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.64 per gallon, down 4-tenths of a cent from last week, and down 17.9 cents from a year ago.

The U.S. average retail price for regular gasoline rose to $2.43 a gallon on Monday. That's up 9 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline rose to $2.43 a gallon on Monday. That's up 9 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The average retail price for home heating oil rose by half of a penny from last week to $2.91 per gallon. That's down 31.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.83 per gallon, down half of a penny from last week, and down 34.8 cents from a year ago.

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

As a result of the global economic slowdown related to COVID-19, the U.S. Energy Information Administration estimates that global petroleum and liquids consumption will average 95.5 million barrels per day in 2020, down 5.2 million barrels per day from 2019. EIA forecasts that U.S. oil consumption will decline 6.5% in 2020 to average 19.1 million barrels per day, which would be the largest percentage decline in U.S. consumption since 1980. At the same time, in its April 2020 Short-Term Energy Outlook, EIA expects global oil supply to increase in the coming months from first-quarter 2020 levels. Total world liquids supply will average 98.7 million barrels per day through the third quarter of 2020. These supply and demand developments are contributing to a significant increase in liquid fuels inventories. EIA estimates that second-quarter 2020 global petroleum inventories will increase an average 11.4 million barrels per day. Within the Organization for Economic Cooperation and Development, the most stocks recorded in historical data were in July 2016 at 3.1 billion barrels. EIA forecasts inventories will surpass this level as production continues to outpace consumption. EIA expects these large stock builds will put downward pressure on crude oil prices for several months. Brent crude oil prices averaged 32 dollars per barrel in March, the lowest monthly average since January 2016. EIA forecasts Brent crude oil to average 23 dollars per barrel during the second quarter of 2020 before increasing to an average 46 dollars per barrels in 2021.

The U.S. average retail price for regular gasoline rose for the first time since February to $1.79 a gallon on Monday. That's up 1.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The U.S. average retail price for regular gasoline rose for the first time since February to $1.79 a gallon on Monday. That's up 1.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.

The PwC network reported total global gross revenues of US$35.4 billion for the fiscal year ended on 30 June 2015.

Zoom announced this morning that it has acquired Keybase, a startup with encryption expertise. It did not reveal the purchase price. Keybase, which has been building encryption products for several years including secure file sharing and collaboration tools, should give Zoom some security credibility as it goes through pandemic demand growing pains. The company has […]

House Rules unveiled one of the most incredible backyard makeovers ever seen in the show's history on Sunday night's episode.

Kylian Mbappe almost scored what would surely have been the best goal of his career so far in the 6-1 thrashing of St Etienne. The Frenchman attempted a rabona from outside the box and it went just wide.

It promises to be one of the most entertaining Champions League knockout ties of all-time. Borussia Dortmund and Paris Saint-Germain have two of Europe's most lethal forward lines.

The 29-year-old musician took a moment away from his Maldives holiday to congratulate his beaming bride for the accomplishment.

Kyrgios faced his fellow Australian - ranked just one place behind him on the ATP tour - in a match full of histrionics, with both players receiving code violations.

Serena Williams is the star of a new PSA that aims to increase education and awareness of financial abuse and highlight its connection to domestic violence.

Serena, 38, has given her 11.8 million Instagram followers a glimpse at her luxurious vacation, sharing snaps as she posed by the pool and hit the kids slides with her little girl.

The 16-time world champion quit two years ago after losing the PDC World final to Rob Cross. But now Taylor would like to come back to the pro circuit according to PDC chairman Barry Hearn.

O'Sullivan is a five-time world champion and his dad was spreading the word from when he was just a small child, including to one of the country's greatest ever footballers.

Kim Kardashian treated her 160 million Instagram followers to an eye-popping tour of her children's playroom on Wednesday. She and Kanye West share North, Saint, Chicago and Psalm.