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Top Stories
A hand holding Bitcoin coin over us dollars

What caused the lastest cryptocrash?

Cryptocurrency investors fled from the risky asset after one of the most trusted coins, Terra, took a nosedive. A prolonged dip could destabilize emerging markets like El Salvador.  

Wheat harvest in Ukraine

Can more severe food shortages be avoided?

German agriculture expert Sebastian Hess looks at the impact of the war in Ukraine on global food markets as huge amounts of wheat cannot be transported out of the country.  

Protesters hold placards calling for an end to fuel poverty at Westminster, London

UK economy grapples with inflation

A series of shocks have combined to send prices spiraling in the UK. Inflation is a global problem, but Boris Johnson's government is being accused of making things worse for consumers.  

A health worker administers a COVID vaccine

African COVID vaccine production in jeopardy

A year ago, South Africa celebrated the opening of the continent's first COVID-19 vaccine production line. Now it's at risk of being shut down due to low demand.  

GIPL pipeline

Lithuania breaks free from Russian energy

A new pipeline is connecting the Baltic states with Poland, ergo with the entire European gas network. For Poland, it's been a lifesaver. For Lithuania, it's just one part of a much larger scheme.  

Container port Yangshan

China's export growth slows sharply

China's zero-COVID policies are beginning to severely hit the country's global export engine. Prolonged lockdowns led to particularly sluggish export growth in April, new figures show.  

US firms take stand on thorny social issues

With the country's top court poised to curtail abortion rights, major companies are offering reimbursement for abortion-related travel expenses. Marketing consultant Allyson Stewart-Allen has more.  

Smartphone user in Russia

NashStore: Russia's alternative to Google Play

Google Play is restricted in Russia as part of Western sanctions over the invasion of Ukraine. A domestic alternative is set to launch soon after a testing phase.  

View of the Erbil oil rafinery, one of the most significant plants where the crude oil is processed.

Will high oil prices derail Middle East reforms?

The Ukraine war has seen energy prices spike with oil producers in the Middle East making more money than ever. But will it put the brakes on long-planned reforms to diversify oil-reliant economies in the region?  

An empty department store with a long hallway

As Western firms leave Russia — so do jobs

More and more Russians are losing their jobs due to Western sanctions on Russia, and some are having to painfully rethink their future. With some sanctions' effects yet to be felt, the number of unemployed could grow.  

Bitcoin symbol on a coin

Bitcoin boom spikes amid perceived risks

Central African Republic and El Salvador have made Bitcoin legal tender and Panama has approved a bill to regulate crypto assets. Experts warn that nations that adopt crypto currencies risk instability.  

Gas plant in Algeria

Can Algeria contribute to energy security?

Timely decisions, long-term commitments and a broader vision could help the European Union increase ties with the Western Mediterranean. Algeria, with its large reserves, could enhance the bloc's energy security.  

A combine harvester in a field in Zaporizhzhia Region, southeastern Ukraine

Harvesters stolen by Russia disabled remotely

Russian soldiers looted combine harvesters and tractors worth millions of dollars from Ukraine, according to a media report. But the machinery was deactivated remotely before it could be put to use.  

PCK Schwedt refinery in eastern Germany, seen at night

German refinery fears EU oil embargo

As EU member states push for a Russian oil embargo, Germany's PCK Schwedt refinery is facing an uncertain future. It runs wholly on Russian imports, and many locals aren't so sure alternatives can be found in time.  

A Tesla car is on display at a showroom in New York City

Will buying cars online really take off?

Boosted by the popularity of electric automaker Tesla, more people than ever are buying vehicles online. UBS estimates the web will make up half of all car sales by 2030, but what will that mean for traditional dealers?  

Men sit on train tracks

Is India facing an employment crisis?

India's job market is tightening, and skilled workers are finding it harder to enter the workforce. Government job drives and the informal economy have been unable to make up the difference.  

The head of the Russian central bank, Elvira Nabiullina, speaks during a news conference in Moscow

The central banker Vladimir Putin is relying on

Elvira Nabiullina has charmed many in the West with her policymaking. Analysts say she has blemished her reputation by remaining at the helm to help sustain Putin's war machine in Ukraine.  

A view of the Bovanenkovo gas field on the Yamal Peninsula in the Arctic circle

Germany top buyer of Russia fuels despite war

Russian fossil fuel exports are undermining sanctions imposed on the Kremlin over its invasion of Ukraine, a study says. Germany and the EU remain the biggest buyers of Russian energy.  

News in Brief

Twitter deal is 'temporarily on hold'

Musk placed a temporary halt on his much-anticipated deal to buy Twitter

The tech billionaire has tweeted that his $44 billion proposed takeover is on ice pending details of fake accounts on the platform, but added he was "still committed to acquisition."  

EU drops air travel face mask mandate

Passengers with facemasks boarding a plane

The masks were introduced to help reduce the spread of COVID-19, but will no longer be mandatory in airports and on flights to Europe from next week onwards.  

Millions pour in to prevent oil spill in Yemen

The dilapidated Safer oil tanker

The funding is needed to drain a stranded oil tanker off the coast of Yemen. The UN has warned the vessel could spill four times more oil than the Exxon Valdez disaster off Alaska in 1989.  

Lufthansa apologizes for excluding Jewish group

The Lufthansa logo on two airplance fins at the Frankfurt airport

Lufthansa apologized for excluding a group of Jewish passengers after a few were not observing COVID protocols. The group consisted of the visibly Jewish Orthodox, who accused the airline of collective punishment.  

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Monroe portrait sold for record price

Andy Warhol's Shot Sage Blue Marilyn, a painting of Marilyn Monroe, is pictured on display at Christie's Auction House

Pre-sale estimates for "Shot Sage Blue Marilyn" went as high as $200 million. The auctioneers have described the portrait as "one of the best of all time."  

Fed raises interest rates to tackle inflation

The US Federal Reserve headquarters in Washington D.C.

The central bank has announced a 0.5% interest rate hike — its highest increase in more than 20 years. The US move comes as a number of other countries cut lending rates to deal with rising prices.  

Germany warns prices may spike further

Click here to watch live

Germany's Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. it warned that a planned EU oil embargo could cause supply problems and even higher inflation.  

EU calls for new sanctions on Russia

Ursula von der Leyen during her speech at the European Parliament

The president of the European Commission outlined a new round of sanctions on Russia, including plans to ban oil imports. The new measures will also target a top bank and Russian broadcasters.  

EU hits Apple with antitrust charge

Apple Pay symbol shown on an iPhone screen

The European Commission said that Apple apparently "abused its dominant position" in developing its Apple Pay system. The US company could face billions in fines.  

Germany ready to support oil embargo

An oil facility at the Novo-Yelkhovskoye field of the Yelkhovneft Oil and Gas Production Board, part of Tatneft Oil and Gas Company, in the Almetyevsk District.

The oil embargo could be upheld for years, German Foreign Minister Annalena Baerbock has said. Her Green ally Robert Habeck said complete independence from Russian oil was possible by late summer.  

Qantas eyes world's longest nonstop flight

Australia, Sydney | Qantas - Airbus

The airline wants to operate the world's longest commercial flights from Australian cities to London and New York, shaving off nearly four hours of travel time. The first flights are expected to take off by late 2025.  

German May Day rallies focus on Ukraine

Protesters marching for workers' rights in Berlin, holding up a red banner and yellow flags

Russia's war in Ukraine was the dominant theme of May 1 Labor Day marches across Germany. The day also saw scuffles in the western city of Dortmund.  

Deutsche Bank under pressure again

Dark clouds gather over the headquarters of Deutsche Bank in Frankfurt, Germany

Germany's biggest bank was raided on suspicion of filing money laundering reports too late. The probe reportedly concerns a transaction involving the family of Syrian leader Bashar Assad.  

Oktoberfest festival to take place again

View of the Oktoberfest in Munich

Local authorities have decided to allow the Oktoberfest festival to take place after two years of cancellations.  

Amsterdam airport asks airlines to cut flights

Hundreds of passengers waiting at Schiphol airport

Staff shortages exacerbated by a strike have caused huge delays at Amsterdam's Schiphol airport during the holiday season. The airport has now asked airlines to reduce the number of passengers by cutting flights.  

Perspectives
A tanker with a dented bow after colliding with another ship in Hamburg harbor

Germany needs a new business model

Germany's economic success is based largely on inflows of cheap energy. But the Ukraine war has put a sudden end to this. The rapid decarbonization of Europe's largest economy could be the solution, says Henrik Böhme.  

More stories

Is India's auto industry ready to go electric?

Transport Minister Nitin Gadkari and Minister of Power R.K Singh at the launch of India's first green hydrogen-based advanced fuel cell electric vehicle

India has big ambitions to slash crude oil imports and push for an electric vehicle future, but high costs and a lack of infrastructure could hamper the country's green narrative.  

Nepal's economy hammered by power outages

Souvenir shop owners wait for customers at an alley in Bhaktapur, Nepal

Nepal relies heavily on electricity imported from India, where generation is running low amid one of the worst power crises in years.  

Sri Lankans running out of food, fuel

A woman carrying food bags walks pasts people standing in queue outside a state-run supermarket to buy essential food items in Colombo

Sri Lankans told DW how they're struggling with shortages of food, fuel and medicine as the nation faces one of its worst economic crises in decades.  

Is pee the answer to global fertilizer shortages?

A person pours liquid from a brown bottle onto crops

All eyes are on our food systems as the Russia-Ukraine war further pushes up fertilizer prices. Scientists think our urine could be the solution to helping crops grow and strengthening food security.  

Luxury brands squeezed by sanctions

Woman holding a quilted white Chanel handbag

Western luxury brands may no longer sell many goods to Russians due to sanctions on Moscow. With a market worth billions now off limits and Russian clients enraged, fashion houses could look further east to compensate.  

What Kenya's minimum wage rise means

Workers line up packaged roses in a processing shed

Kenya's new 12% minimum wage increase comes amid soaring prices. But only a few of the country's poor will end up with more in their pockets at the end of the month.  

DW looks behind the business headlines

DW's new video series offers deep dives into the most relevant cross-border business stories of today, guiding you through trade conflicts, supply chain challenges, global labor issues and the battle for tech dominance.  

Watch video 01:23

El Salvador doubles down on bitcoin

Amid bitcoin's disastrous crash, El Salvador's president "bought the dip," adding 500 tokens to the national reserves.  

More videos

Bitcoin held by two fingers

El Salvador doubles down on bitcoin

Russian fertilizers drive prices in Uganda

Russian fertilizers drive prices in Uganda

US corporations get pricked by thorny social issues

US corporations get pricked by thorny social issues

India to ramp up wheat exports

India to ramp up wheat exports

Arrested man in Colombia

Mexican drug cartels in Colombia

Russians set up shop in Armenia

Russians set up shop in Armenia

Sri Lanka faces economic crisis

Sri Lanka faces economic crisis

Program Highlights

Globalization Magazine

Reports from around the globe  

Watch video 12:02

DW Business - America

Twitter Deal Delayed – Bottleneck in Belfast – Homemade Fertilizer  

Technology

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