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Raising more public revenue in Indonesia in a growth- and equity-friendly way

Indonesia’s government needs more revenue to fund spending that can boost GDP growth, raise well-being and reduce poverty.




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Kazakhstan must sharpen its strategy and raise impact of its anti-corruption measures

Kazakhstan’s new anti-corruption strategy must be better defined, involving key stakeholders, with targeted actions and goals that address the key corruption challenges facing the country, says a new OECD report by the Istanbul Anti-Corruption Action Plan (IAP).




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Economy: Further reform needed to raise growth prospects in Poland

Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.




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Do policies that reduce unemployment raise its volatility? Evidence from OECD countries

In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its long-run volatility.




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Raising the returns to innovation: structural policies for a knowledge-based economy

Innovation-based growth, underpinned by investments in a broad range of knowledge-based capital (KBC), is central to raising long-term living standards.




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Raising global growth: Why the G20 is “going structural”

G20 countries are taking action to lift growth in the world economy. Will their commitments be enough?




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Raising the economic participation of women in India – a new growth engine?

Economic participation of women in the labour force or as entrepreneurs is low compared to peers and has declined over the past decades despite strong growth. The gap with men is over 50% - the largest among key emerging markets.




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Raising the potential of the domestically oriented sector in Germany

Reforming and deregulating the domestically oriented sectors, including network industries, crafts and professional services would release hidden growth potential and prove beneficial to the economy as a whole. It could also help strengthen domestic demand and reduce dependence on exports.




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Raising competitiveness and long-term growth of the Slovenian economy

Important reforms have been implemented which raised credibility of Slovenia in the financial markets and boosted confidence. But economic recovery has been sluggish, many people are unemployed and living standards still remain below the pre-crisis levels.




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Raising well-being in Germany’s ageing society

Population ageing is setting in earlier in Germany than in most other OECD economies and will be marked.




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Raising Korea’s productivity through innovation and structural reform

Raising productivity requires addressing a wide range of policies that affect resource allocation, the creation and diffusion of technology, human capital and the creation and financing of start-ups.




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India: Strong growth has raised incomes and reduced poverty, but challenges remain

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.




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Raising skills holds the key to higher living standards and well-being in Portugal

For each hour worked Portugal produces about half of the output produced in the United States.




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Colombia: Raise productivity and make growth more inclusive

The Colombian economy has been more resilient than other Latin American countries to the recent fall in commodities prices, and remains among the strongest in the region.




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Promoting a private investment renaissance in Italy

Boosting investment is key to supporting the nascent recovery and reviving stagnant productivity.




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Raising skills in Portugal

Despite significant progress made, improving skills remains one of Portugal’s key challenges for raising growth, living standards and well-being.




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Reducing inequality to raise incomes and expand well-being for all Colombians

The peace agreement will boost economic growth, but to share it fairly Colombia must also achieve better educational outcomes and bring more people into the more productive formal economy.




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Raising living standards and supporting investment by boosting skills in Slovenia

Higher living standards and well-being, as well as convergence with more advanced economies, will depend on achieving higher productivity, which in turn would be boosted by more investment in capital.




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Raising and mobilising skills to boost productivity and inclusiveness in Belgium

A highly educated and skilled workforce has been an important driver of productivity performance and prosperity in Belgium.




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Generating employment, raising incomes and addressing poverty in Greece

Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty.




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Abuse of authority provisions adopted by the Senate raise concerns over Brazil’s capacity to ensure independence of prosecutors and judges in fighting corruption

The OECD Working Group on Bribery reaffirms the importance of the independence of prosecutors and judges and is concerned that Brazil’s achievements in fighting corruption may be seriously jeopardised by recent legislative developments.




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Improving innovation policy and ensuring good governance would help raise living standards in Colombia, OECD says

Good public policies are central to well-functioning economies. Better policies on innovation, combined with high-quality regulations and a more efficient public administration, can help Colombia create jobs, boost economic growth and support development, according to three new OECD reports.




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How can South Africa’s tax system meet revenue raising challenges?

Reforms over the past two decades have produced a well-balanced, modern tax system. However, considerable revenues will be needed in the years ahead to expand social spending and infrastructure in order to raise growth and well-being. The challenge is to generate these revenues without penalising growth or exacerbating inequality.




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Raising public spending efficiency in Switzerland

Despite having low government spending, Switzerland scores highly in various public policy outcomes, including health, education and transportation. But, as the population grows and ages, efficiency of public spending will have to rise to maintain low tax rates.




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Better management of tight budgets could help Latin American and Caribbean governments to raise living standards

Governments in Latin America will need to improve public sector management and capacity – including budget allocation – to compensate for the pressure on public finances from sliding commodity prices, according to a new report by the OECD and Inter-American Development Bank covering more than 15 countries in the region.




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The capacity of governments to raise taxes

This paper investigates the factors that shape governments’ capacity to collect revenue.




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Saudi Aramco raises $25.6bn in world’s biggest IPO

State-owned oil company’s $1.7tn valuation falls short of kingdom’s ambitions




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Dubai raises public spending to ward off slowdown

Forecast of 3.2 per cent growth in 2020 would be improvement on 2.1 per cent in 2019




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Iberdrola chief praises Bolsonaro after Neoenergia IPO

Ignacio Galán says energy distributor’s listing highlights president’s market-friendly policies




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Exams cancellations raise questions of what they are for

It is time to rethink whether such assessment really prepares us for life and work




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Brussels woos world leaders for pandemic fundraising marathon

EU hosts online pledging event but €7.5bn target for vaccines, testing and treatment will only be first step




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Recruiter Hays raises £200m to protect against falling fees

Placement follows warning that virus had caused “material deceleration” in business




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Showy business: Leo Robson on the ‘McConaissance’

Matthew McConaughey’s career revival provides a neat case study of how an actor can wrest back control of his image. It also tells a broader story about our weakness for a certain kind of Acting.  


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In praise of boiled string

Courtauld Institute student and arts writer Aindrea Emelife reflects on the current neglect of Surrealism in the art world – and considers what significance the movement might still hold for today’s young rebels  


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Behind the podcast renaissance

Podcasts have existed for more than 10 years but have recently seen a surge of interest, spurred by the success of the true crime drama Serial, which has been downloaded more than 70m times. What is driving the so-called “podcast renaissance”? How are they different from radio shows? And do they pose a threat to traditional broadcasting? FT technology editor Ravi Mattu is joined by literature professor Sarah Churchwell, veteran podcaster Helen Zaltzman and Mark Friend, who is responsible for BBC Radio online. Produced by Griselda Murray Brown and Lily Le Brun  


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Low Covid-19 death toll raises hopes Africa may be spared worst

Continent has limited confirmed virus fatalities but experts warn it is too early to draw conclusions




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Can Mâconnais wines rival the best burgundy?

A retrospective tasting of Jean-Marie Guffens’ exceptionally nervy creations suggests so




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Biden struggles to raise money in era of Zoom soirées

Democratic candidate wrestles with new realities as he tries to close cash gap with Trump




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Election: Labour manifesto shows party would raise taxes by £80bn a year — as it happened

Jeremy Corbyn unveils party's ‘most radical’ plans in decades, Tories backtrack on national insurance pledge while pressure on public finances increases

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UK draws up plans to bypass strike-prone port of Calais

Brexit and coronavirus have prompted drive for improving trade resilience




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German murder case raises fears of neo-Nazi resurgence

The murder of a local politician by right wing extremists has shocked Germany and set alarm bells ringing about the rise of neo-Nazi violence in the country. Ben Hall discusses the groups behind the upsurge in political violence and how dangerous they are with Guy Chazan in Berlin


Contrbutors: Katie Martin, capital markets editor, Ben Hall, Europe editor, and Guy Chazan, Berlin bureau chief. Producer: Fiona Symon

 

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Fauci praises remdesivir after data show it speeds recovery

US-run trial of Gilead coronavirus therapy demonstrates ‘significant positive effect’




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China’s US stock market flops raise governance concerns  

Companies suffer steep share-price falls while Luckin implosion highlights risks




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Whether they raise or hold, central bankers are due a fall

In future it may have to be budget stimulus that rides to the rescue




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Non-bank lenders raise concerns over access to ‘bounce back’ loans

Alternative providers fear it will harm competition in market for loans to small business




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Norwegian Cruise Line raises $2.2bn in fight to stay afloat

Company pledges two ships and two islands as collateral in upsized refinancing plan




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Church of England raises pressure on miners over dams

Investor group led by the CofE launches database to track tailings dams after Brazil disaster




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Zeitgold raises $29.2M to automate bookkeeping

Zeitgold has raised a Series B round of $29.2 million (€27 million). Overall, the company has raised more than $54 million (€50 million). The company is building a software platform for small companies to automate bookkeeping as much as possible. Vintage Investment Partners is leading today’s round with existing investors Battery Ventures, HV Holtzbrinck Ventures, […]




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Deep Render raises £1.6M for image compression tech that mimics ‘neural processes of the human eye’

Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render […]




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Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million in fresh capital at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the […]