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Barrichello impresses Williams' Sam Michael

Williams' technical director Sam Michael has said he is impressed with Rubens Barrichello after working alongside the Brazilian veteran for his first two races of the season




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Alonso dismisses Schumacher claims as 'nonsense'

Fernando Alonso has revealed that Michael Schumacher suspected he deliberately held up the German during qualifying in Melbourne




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Australian Grand Prix records big losses

This year's Australian Grand Prix cost taxpayers almost $10 million more than the previous Melbourne race




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Magnussen not ready to deputise for Alonso in Melbourne

Kevin Magnussen says he would not feel fully prepared to race for McLaren in Australia if Fernando Alonso is declared unfit for the season opener





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Nobody Tosses a Dwarf




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US job losses reach Great Depression levels; unemployment rate soars to 14.7%

The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by coast-to-coast shutdowns of factories, stores, offices and other businesses




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Andre Harrell, Uptown Records founder, passes away at 59

Andre Harrell, the founder of the popular American record label 'Uptown Records,' has died at the age of 59. The demise of the music mogul was first announced by DJ D-Nice on his Instagram live early Saturday morning, Billboard reported.

The details of his death are not known yet. The 49-year-old DJ took to Instagram to pay tribute to the late label founder and wrote: "Truly heartbroken. Rest peacefully, Andre Harrell."

The record producer was raised in New York and started his music career in the early 80s. The influential R&B and hip-hop label 'Uptown Records' rose to prominence in the late '80s with some early hits from rap group 'Heavy D & The Boyz', R&B singer Al B. Sure! and more.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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Ex-Matka king Ratan Khatri passes away in Mumbai

Ex-Matka king Ratan Khatri died on Saturday morning in Mumbai. According to sources, Khatri, 88, was ailing for a long time. In 1960s Khatri had joined Kalyan Bhagat to set up Matka in Mumbai.

Matka, a lottery or gambling with number is popularly called as Ankada Jugar. Matka was popular in Mumbai from pre-independence time that involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange. Matka was popular in all classes of Mumbai in 1960s. In 1962 Kalyanji Bhagat, started Worli Matka.

Ratan Khatri had joined Bhagat as a manager. In 1964 Khatri parted his way from Bhagat and formed his own 'Ratan Matka'. The Matka or drawing lots from chits in a pot became so famous that the turnover of the gambling touched Rs 1 crore daily.

According to sources, Khatri had not been keeping well for some time. He was living with his family in Navjeevan Society at Mumbai Central. Khatri passed away on Saturday morning.

Catch up on all the latest Mumbai news, crime news, current affairs, and a complete guide from food to things to do and events across Mumbai. Also download the new mid-day Android and iOS apps to get latest updates.

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Ice Cream Ingredients: Bring Accurate Flavor In Your Dessert

Ice cream ingredients are essential for everyone who makes this creamy item whether with the help of a machine or with individual efforts. You must not forget that the powerful your additive the...




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GST: States Adamant On Sole Control Over Small Businesses

With states and Centre set to meet this week to chalk out jurisdiction over assessees under goods and services tax (GST).




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Keeping Tab Of The Side Effects Caused By Using Generic Latisse Eye Drops

Generic Latisse Eye Drops are also known as Bimatoprost Ophthalmic Solution in generic terms. The solutions is used for the treatment of Hypotrichosis of the eyeslashes. In this condition a person...




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Indian Smartphone Market Crosses 30 Mn Unit Shipments

For the first time, the smartphone market in India crossed the 30 million unit shipments milestone in the third quarter of this year, the International Data Corp (IDC) reported on Tuesday.




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Credit crunch squeezing entrepreneurs and small businesses more than big firms

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.




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Small businesses continue to face finance constraints despite economic recovery

Financing conditions for small and medium-sized enterprises (SMEs) remain a pressing concern in many countries, according to a new OECD report.




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Self-assessment of South Africa's investment regime in relation to the OECD Codes of Liberalisation and the principle of National Treatment

This self-assessment report looks at South Africa's investment regime in the light of the OECD Codes of Liberalisation and the principle of National Treatment.




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OECD Steel Committee says structural challenges must be addressed urgently amid new era of low steel demand growth and rising exports

Chairman's statement of the OECD Steel Committee's 78th session, Paris, 11-12 May 2015.




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OECD Steel Committee says urgent structural challenges remain unaddressed

The global steel industry continues to face difficult conditions due to excess capacity, weak global demand and growing trade tensions, the OECD Steel Committee said after meeting this week. While global steel trade remains relatively robust, there has been a sharp increase in steel trade actions by governments, it said, noting that trade actions should respect international obligations.




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Boosting competition will help Greece’s consumers and businesses

Lifting many of the regulations stifling business competition in Greece would benefit both consumers, through lower prices, and firms, via higher turnover, according to the OECD.




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New technology still underused by businesses

Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.




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Increased international co-operation on financial and corporate issues essential to making globalisation work for all

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.




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OECD highlights serious weaknesses in the fight against illicit trade

Inconsistent penalties, insufficient checks on small parcels, and a lack of information on shipments in free trade zones allow criminal networks to traffic billions of dollars worth of fake and prohibited goods each year. Today, the OECD introduced a new phase in its efforts to help governments counter these enforcement gaps and better protect consumers and businesses.




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Alignment assessment of industry programmes with the OECD minerals guidance

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.




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Examen des statistiques d'investissements directs internationaux au Maroc

L’OCDE a mis au point un cadre pour l’évaluation de la qualité des statistiques macroéconomiquesqui se concentre sur sept dimensions de la qualité : la pertinence, la précision, la crédibilité, l’actualité, l’accessibilité, l’interprétabilité et la cohérence. Le présent rapport utilise ce cadre pour évaluer les statistiques d’IDI du Maroc.




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Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment

A new OECD report, the 2018 Business and Finance Outlook, highlights a number of major risks having the potential to disrupt global economic growth. It notes that the gradual normalisation of monetary policy in an environment of growing debt will be a major test of whether the Basel III regulatory reforms have achieved their goal of ensuring safety and soundness in the financial system.




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Levelling the playing field: Dissecting the gender gap in the funding of start-ups

The objective of this paper is to shed light on some of the determinants of success in early-stage venture capital financing bids. In particular, the work focuses on the effect of founders’ gender on investors’ funding decisions. Results from empirical analysis show that start-ups with at least one woman in the team of founders are less likely to receive funding by 5-10%.




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More competition essential for future of mobile innovation, says OECD

OECD countries must ensure mobile markets remain open and competitive in order to sustain innovation and meet rising demand for data services, according to a new OECD report.




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New technology still underused by businesses

Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.




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Corporate accountability is essential to human rights in the network society

The truth is that human rights are not sustainable, or in some places even possible, in today’s networked society unless public and private actors take responsibility. Governments and corporations alike must commit to design, manage, and govern technologies in a manner that is consistent with international human rights standards.




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G20 ministers welcome OECD disaster risk assessment and financing framework

G20 Finance Ministers have welcomed a new OECD/G20 framework designed to help governments develop financial strategies for disaster risk management.




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Reforms essential to make Ireland’s pension system fairer

Ireland should make its pension system simpler and fairer so that everyone gets sufficient income for a decent standard of living in retirement, according to a new OECD report.




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Pension funds’ assets in 2014 top USD 25 trillion in OECD countries

In this issue of "Pension Funds in Figures", preliminary data and early estimates for 2014 show that pension funds’ assets exceeded USD 25 trillion in OECD countries. The largest increases are found in Estonia, Korea, Luxembourg and Turkey, where pension funds’ assets rose by more than 20% compared to...




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Colombia: Assessment of the Regulatory Framework of Private Pensions

This review of Colombia by the OECD Working Party on Private Pensions examines Colombia’s position with respect to core principles related to pension systems.




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Increased international co-operation on financial and corporate issues essential to making globalisation work for all

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.




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Matching economic migration with labour market needs: EU-OECD conference in Brussels on 24-25 February 2014

The International Migration Division at the OECD together with the European Commission (DG Employment, Social affairs and Inclusion) organise a conference on migration and mobility and how to match economic migration with labour market needs.




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OECD's Gurria expresses support for new French-German initiative in response to refugee crisis

OECD Secretary General Angel Gurría welcomes the initiative of President Francois Hollande and Chancellor Angela Merkel to put forward a structural and ambitious response to the current refugee crisis.




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Future Flood Losses in Major Coastal Cities

Climate change combined with rapid population increases, economic growth and land subsidence could lead to a more than 9-fold increase in the global risk of floods in large port cities between now and 2050.




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Addressing Competitiveness and Carbon Leakage Impacts Arising from Multiple Carbon Markets: A modelling Assessment - Environment Working Paper No. 58

Competitiveness and carbon leakage issues have been some of the main concerns in the implementation and discussions of climate policies. This paper examines the macroeconomic and sectoral competitiveness and carbon leakage impacts associated with a range of stylised mitigation policy scenarios.




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OECD’s chemical hazard assessment programme to shift focus

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




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Integrated Assessment of Climate Change Impacts: Conceptual Frameworks, Modelling Approaches and Research Needs - Environment Working Paper No. 66

This paper presents a framework to include feedbacks from climate impacts on the economy in integrated assessment models. The proposed framework uses a production function approach, which links climate impacts to key variables and parameters used in the specification of economic activity. The paper pays particular attention to the challenges of distinguishing between damages and the costs of adapting to climate change.




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Flabber-gassed by our noxious air: can electric vehicles save us? Insights Blog

Paris is a beautiful city but has an ugly problem with air pollution. Using 2 wheels to get to work, one becomes acutely aware of this insidious addiction to cars, and the “essence” of the problem, DIESEL.




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Assessing Implementation of Environmental Provisions in Regional Trade Agreements - Trade and Environment Working Paper

This report focuses on the extent to which governments have complied with the environmental commitments made in the trade agreements to which they are a Party. The report takes a two track approach. First, a review of implementation and evaluation reports associated with environmental provisions in such agreements is performed. Second, a survey of government officials, trade negotiators and other experts is carried out.




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Assessing the Effectiveness of Environmental Provisions in Regional Trade - Trade and Environment Working Paper

This paper aims to test whether the inclusion of environmental provisions in Regional Trade Agreements has contributed to the improvement of environmental quality among the Parties to these agreements through empirical modelling and analysis. Three indicators are considered as a proxy for environmental quality: concentrations of suspended particulate matter less than 2.5 microns, sulphur dioxide and nitrogen oxide.




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An assessment of the social costs and benefits of vehicle tax reform in Ireland - Environment Working Paper

This paper presents the results of an ex post evaluation of the impacts of a vehicle tax reform in Ireland, by carrying out a full social cost benefit analysis of a vehicle tax reform and shows that whilst successful in improving the fuel economy of new passenger cars, it may have caused unintended effects (increased proliferation of diesel vehicles in the passenger car fleet).




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Green transformation of small businesses: Achieving and going beyond environmental requirements - Environment Working Paper No. 47

This report aims to help environmental and other competent authorities in OECD countries to promote green business practices among small and medium-sized enterprises (SMEs). It analyses different ways to establish environmental regulatory requirements for facilities with low environmental risk (most of which are SMEs).




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Time is of the essence: can Indonesia phase out energy subsidies without hurting the poor? - Insights Blog

A new OECD publication highlights notable economic and environmental benefits of phasing out fossil-fuel subsidies in Indonesia. Interestingly, the study is based on the context that pertained until mid-2014, when international oil prices where high and before the recent phase-out of subsidies by the government.




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OECD's Gurria expresses support for new French-German initiative in response to refugee crisis

OECD Secretary General Angel Gurría welcomes the initiative of President Francois Hollande and Chancellor Angela Merkel to put forward a structural and ambitious response to the current refugee crisis.




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Job-rich growth essential for G20 recovery, say OECD and ILO

OECD and ILO heads call upon the Ministers of Labour and Employment of the G20 countries to put a greater, renewed emphasis on employment policies to help economies accelerate and sustain the recovery, achieve higher levels of decent work and get out of the debt trap, at the G20 Meeting in Mexico.




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Report: Delivering local development review to assess the efficiency of the Regional Development Agencies Integrated Network of the Slovak Republic

This project aims to support the Slovak Republic as it seeks to create a clear rationale for the Regional Development Agencies Integrated Network which currently comprises 38 agencies.