Europe's richest countries today faced pressure to step up cash support for developing nations after figures showed the first fall in global aid for 14 years.

European Union economies are in a serious downturn and more action is needed to return them to growth, according to the Organisation for Economic Cooperation and Development (OECD).

The Organisation for Economic Co-operation and Development today accepted Israel into its ranks, capping a lengthy effort by the Jewish state to join the exclusive club in the face of stiff opposition from Palestinians.