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Belgium should address “flagrant” lack of resources for fighting foreign bribery, says OECD

Fighting foreign bribery is not a priority in Belgium. Together with the flagrant lack of resources for Belgian law enforcement authorities, this has resulted in very few foreign bribery investigations and prosecutions. In the 14 years since the entry into force of the foreign bribery offence in Belgium, only one case of bribery of foreign public officials has been concluded.




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OECD says Swedish progress combatting foreign bribery insufficient to warrant Phase 4 evaluation

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.




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OECD Review on the Labour Market Integration of Immigrants and their Children in Austria

Austria has a higher share of immigrants in the total working-age population than many other OECD countries. At the same time, the framework for integration policy is less developed than in a number of other OECD countries. These are among the main findings of this review.




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Jobs for immigrants (Vol.3): Labour market integration in Austria, Norway and Switzerland

This publication reviews the labour market integration of immigrants and their children in three OECD countries (Austria, Norway and Switzerland) and provides country-specific recommendations. It also includes a summary chapter highlighting common challenges and policy responses. It is the third and last in a series which has covered eleven OECD countries.




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Developments in the value of implicit guarantees for bank debt: The role of resolution regimes and practices

This report concludes that actual application of bail-ins, involving bondholders in loss sharing, could effectively reign in perceptions of implicit guarantees for bank debt. However, bail-ins are rare owing to concerns about contagion risks and depositor and investor protection, so implicit guarantees persist.




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Conference on defined contribution pensions, guarantees and risk sharing

London, UK. Discussions at this event focused on how to make Defined Contribution pensions work better for members, designing Defined Ambition pension plans, guarantees v. risk sharing pension deals and pensions communication and individual behaviour.




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Improving the monitoring of the value of implicit guarantees for bank debt

The value of implicit guarantees has declined from its peak at the height of the financial crisis, which is consistent with progress made regarding the bank regulatory reform agenda, as one would expect that many of the reform measures imply a more limited value of implicit guarantees for bank debt. Implicit guarantees persist however and their value continues to be significant.




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Measurement and analysis of implicit guarantees for bank debt: OECD survey results

This report describes the key findings from responses by 35 countries to a survey on implicit guarantees. Policy makers have announced their intention to rein in the values of implicit guarantees so it is important to measure their value to help facilitate the task of assessing progress in reducing their value.




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Policy responses to the issue of implicit bank debt guarantees: OECD survey results

Bank regulatory reform measures are expected to limit the value of implicit bank debt guarantees, even if not plainly targeting such values. These survey results, covering 35 countries, show that no single policy is considered capable of fully eliminating the market perception that bank debt is “special”. A mixture of different and complementary measures is seen to hold greater promise.




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Financial education for migrants and their families

Money remitted by international migrants is a major source of income for many countries. Yet individual migrants and their families are often amongst the most vulnerable people in society, and many face significant barriers to the access and use of appropriate financial products. This paper looks at key challenges and how governments can take measures to support migrant workers and their families and improve their financial literacy.




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Why implicit bank debt guarantees matter: Some empirical evidence

What are the economic effects of implicit bank debt guarantees and who ultimately benefits? This report sheds light on these questions




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Financial education and the long-term integration of refugees and migrants

This brochure looks at how financial education can contribute to longer term policies aimed at facilitating the integration of refugees. The provision of financial education, as a complement to supply-side financial inclusion initiatives as well as other education and health support, can support refugees and migrants by facilitating social and labour market inclusion as well as improve their (financial) well-being.




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Evaluating publicly supported credit guarantee programmes for SMEs

This report examines the approaches adopted in 23 OECD and EU countries for evaluating the performance and cost-effectiveness of publicly supported credit guarantee programmes for SMEs.




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Belgium should address “flagrant” lack of resources for fighting foreign bribery, says OECD

Fighting foreign bribery is not a priority in Belgium. Together with the flagrant lack of resources for Belgian law enforcement authorities, this has resulted in very few foreign bribery investigations and prosecutions. In the 14 years since the entry into force of the foreign bribery offence in Belgium, only one case of bribery of foreign public officials has been concluded.




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Why implicit bank debt guarantees matter: Some empirical evidence

What are the economic effects of implicit bank debt guarantees and who ultimately benefits? This report sheds light on these questions




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Improving the labour market integration of immigrants in Belgium

Improving the labour market performance of immigrants requires a two-fold strategy. First, policies specific to migrants need to be enhanced. Second, general reforms to improve the functioning of the economy, desirable in any case, could also have a significant positive impact on immigrants.




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Switzerland: Focus on lifting productivity to guarantee future prosperity

Switzerland’s recent economic performance has been impressive, but with growth now slowing new reforms will be necessary to maintain high levels of prosperity and ensure future well-being, according to the latest OECD Economic Survey of Switzerland.




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The skills of Polish emigrants – evidence from PIAAC

Based on the OECD data from the Survey of Adult Skills (PIAAC) this paper sheds light on the skills of migrants.




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Luxembourg: reaping the benefits of a diverse society through better integration of immigrants

Luxembourg’s large foreign-born population is a pillar of the country’s prosperity: they have brought skills and knowledge to many sectors of the economy.




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How self-sorting affects migrants’ labour market outcomes

Assuming that immigrants select destinations according to absolute returns to their observable and unobservable human capital, I present a human capital model of migration accounting for taxes, transfers and limited portability of skills.




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Enhancing labour-market integration of immigrants in Canada

Canada has long taken in more immigrants relative to its population than most other countries. Immigration policy in Canada aims to promote economic development by selecting immigrants with high levels of human capital, to reunite families and to respond to foreign crises and offer protection to endangered people.




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Fiscal consolidation across government levels. Part 3: Intergovernmental grants, pro- or counter-cyclical?

This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants). Modelling a fiscal policy reaction function this paper tests whether the transfers systems in OECD countries are pro- or counter-cyclical, i.e. whether they offset cyclical fluctuations of sub-central economies or, on the contrary, exacerbate them.




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Ireland GDP From Distribution Transport Hotels and Restaurants

GDP From Transport in Ireland increased to 9505 EUR Million in the fourth quarter of 2019 from 9305 EUR Million in the third quarter of 2019. GDP From Transport in Ireland averaged 7172.65 EUR Million from 1995 until 2019, reaching an all time high of 9505 EUR Million in the fourth quarter of 2019 and a record low of 4825 EUR Million in the first quarter of 1995. This page provides - Ireland Gdp From Distribution, Transport, Software and Communication- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Netherlands GDP From Trade Hotel and Restaurants

GDP From Services in Netherlands increased to 35771 EUR Million in the fourth quarter of 2019 from 35087 EUR Million in the third quarter of 2019. GDP From Services in Netherlands averaged 27582.07 EUR Million from 1995 until 2019, reaching an all time high of 36056 EUR Million in the second quarter of 2019 and a record low of 18598 EUR Million in the third quarter of 1995. This page provides - Netherlands Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Uruguay GDP From trade and restaurants and hotels

GDP From Services in Uruguay increased to 23762147 UYU Thousand in the fourth quarter of 2019 from 22755956 UYU Thousand in the third quarter of 2019. GDP From Services in Uruguay averaged 20011400.98 UYU Thousand from 2005 until 2019, reaching an all time high of 26176321 UYU Thousand in the fourth quarter of 2013 and a record low of 12796459 UYU Thousand in the first quarter of 2005. This page provides - Uruguay Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Greta Gerwig’s Little Women is vibrant, sardonic and out­rageously gorgeous

Saoirse Ronan shines as the tomboyish lead sister in this adaptation of Louisa May Alcott’s novel — with sly feminist subtexts




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Small businesses locked out of government grant scheme

English companies with shared offices excluded from coronavirus rescue package




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How is culture adapting to quarantine?

Plus: the FT's film critic on what to watch now




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Restaurant kitchens tackle macho hours

Small changes promise big differences to female chefs mixing work and family life




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Is my employer taking me for granted?

Your question for our expert — and readers’ advice




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Trafficked and abused: Libya’s migrants caught in the business of war

EU-funded projects are returning migrants to a dangerous conflict zone, critics say




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UK restaurants warn social distancing will put them out of business

Three quarters of leisure operators say margins too thin to support fewer customers, according to survey




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Should super-apps share the spoils with restaurants?

In China, a shrinking bottom line has intensified the already tense affair of splitting profits




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How designers create collections in quarantine

Long studio sessions were once the norm, but design teams are adapting to a new, remote reality




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Saudi Arabia repatriating thousands of migrants back to Ethiopia

UN official warns mass deportations risk spread of coronavirus to the region




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Bad credit is big business — if you can get a guarantor

Whether renting a flat or applying for a loan, you will probably need the help of a homeowner




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Budget 2020: Coronavirus grants pensions Budget immunity 

But why didn’t the chancellor go the whole hog and scrap the tax taper altogether?




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Venezuelan migrants face tough choices as virus spreads

Work dries up under lockdown but returning home could be more perilous than staying put




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US regulator grants exemption for drone flight during lockdown

Oil and gas company in Texas given approval to use unmanned aircraft to inspect vital infrastructure




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UK quarantine plan poses fresh setback for aviation sector

Airlines and airports say 14-day isolation period would be a ‘death blow’ to industry




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Cheetah, a restaurant wholesale app that pivoted to consumers for COVID-19, nabs $36M

A lot of restaurants have shuttered in the wake of stay-at-home guidance and government orders for non-essential businesses to close down, so a startup called Cheetah that provided a wholesale delivery service for them pivoted to selling to consumers, and now it’s raised a round of funding, both to expand its business and to help […]




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COVID-19 quarantine boosts smart speaker usage among U.S. adults, particularly younger users

The coronavirus outbreak has driven more consumers to turn to their smart speakers for news, information, music and entertainment, according to new data released today by NPR and Edison Research. Around three-quarters of U.S. adults 18 and up said their routines have been impacted due to COVID-19 and their media habits have changed as a […]




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Regalii, A Startup In NYC’s Washington Heights, Uncovers Where Immigrants’ Remittances Really Go

It’s not a converted industrial warehouse in Brooklyn. Or a stately, century-old building in the Flatiron. But YC-backed Regalii’s atypical office location up in the Dominican-heavy Washington Heights neighborhood of Manhattan has given it plenty of insights into its working-class immigrant customer base. The startup, co-founded by several Latino founders who personally knew the hassles of sending money home, […]




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Stilt, which provides financial services for immigrants, raises $7.5 million seed round

Stilt, a Y Combinator alum that provides financial services for immigrants without Social Security numbers or credit reports, announced today that it has closed a $7.5 million seed round. It also launched FDIC-insured pre-approved global bank accounts today. The startup has raised equity from investors including Liron Petrushka; Hillsven Capital; Streamlined Ventures; Gokul Rajaram; Bragiel […]




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British Airways parent slams possible UK quarantine plans

IAG boss Willie Walsh warns people will not fly if government brings in new measures




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Hydrant raises $5.7 million Series A to help consumers hydrate faster

Eight glasses of water a day. That’s the old recommendation you and I have heard growing up. And while we all know the importance of hydration to our health, some methods of hydration are more efficient than others. At least, that’s the premise that Hydrant was built on. The company, a wellness brand that launched […]




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Quarantine creates new opportunities for video makers, according to a Butter Works report

While global stay-at-home orders have been a blow to most companies, they’ve also created opportunities for businesses helping to keep people entertained. So if you’re a YouTube creator hoping to capture some additional eyeballs while everyone’s stuck at home, online video agency Butter Works has released an interactive report outlining the most promising topics for […]





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Stilt, which provides financial services for immigrants, raises $7.5 million seed round

Stilt, a Y Combinator alum that provides financial services for immigrants without Social Security numbers or credit reports, announced today that it has closed a $7.5 million seed round. It also launched FDIC-insured pre-approved global bank accounts today. The startup has raised equity from investors including Liron Petrushka; Hillsven Capital; Streamlined Ventures; Gokul Rajaram; Bragiel […]




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Be the Productive Leader Your Company Needs in Quarantine

Owners of small businesses, caught between financial struggles and health hazards, must learn to operate as efficiently as they can from the safety of their own homes.