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Top Stories
A 200 Turkish lira note

Turkey mulls capital controls as lira slumps

As President Recep Tayyip Erdogan has refused to allow interest rate rises, Turkey steps toward capital controls to support its national currency, the lira. Analysts say an economic slowdown may be on the way.  

Electric cars being recharged

Will new EU car policy push EV adoption?

It looks like the EU is witnessing a big victory for e-mobility as member countries have agreed in principle that new cars can no longer have combustion engines after 2035. But there are a number of risks involved.  

A technician installing a heat pump system

Heat pumps instead of oil and gas?

As the price for oil and gas explodes in Europe, heat pumps could be a meaningful alternative. In Germany, lavish state subsidies are making the idea even more attractive for single-family homes.  

oil refinery at night

Is India violating the EU oil embargo?

Importing Russian crude at low prices and exporting the processed product at steep prices to the EU and US — India's refinery trade raises many questions. DW's fact check has a few answers.  

People wait in long lines amid summer travel chaos due to lack of personnel at Dusseldorf International Airport

Europe looks to ease summer travel chaos

Cancellations and long lines at airports: This isn't what air travelers had planned for as they set off on their long-awaited trips postponed by the pandemic. Now, governments are stepping in to minimize their misery.  

A picture of the building of the Russian finance ministry

Will Russia's default hurt Putin's investors?

By most accounts, Russia has defaulted on its sovereign debt because it was unable to make a payment to its creditors. But reality is trickier than that, and shows Moscow has been strategic in bracing for the fallout.  

Hand holding wheat kernels

G7 disappoints on energy and food crises

The Group of Seven summit has ended with only modest solutions to the global energy and food crises. The struggles of poorer nations were sidelined by Russia's disastrous war in Ukraine.  

A photovoltaic system on the roof of a kindergarten in Lisbon, Portugal

Supplying solar power in tiny doses

Coopernico, a Portuguese energy cooperative, is making social establishments more energy-independent. They build small solar power plants that supply institutions and put surplus electricity back into the public grid.  

Street traffic in Kumasi

Poor countries face 'perfect storm' over debt

As rich countries switch on their firefighting mode to tame soaring inflation, highly indebted developing countries are feeling the heat. Sri Lanka has already defaulted on its debt, many others are on the brink.  

Natural gas pipeline storage facility

How can Germany realistically replace gas?

Without Russian natural gas, Germany will be facing an energy crisis. Coal, nuclear, fracking or renewable energy — what are the most realistic and climate-friendly options?  

A picture of a gas pipeline worker handling a gas pipe

How Poland is speeding up its Russian gas exit

To compensate for lost Russian imports, Poland is quadrupling its gas import capacity with a pipeline from Norway and an LNG terminal. It could soon be able to help out Berlin, scrambling to replace its own Russian gas.  

Picture of the Neurath coal-fired power plant spewing smoke

Germany revives coal in gas war with Russia

Germany has struggled to fill its gas storage sites since Russia began throttling its supply. Among the possible solutions are an increased use of coal for power production, and industry incentives to reduce consumption.  

Audience members reacting with raised fists to a speach by Sean O'­Brien, president of Teamsters labor union at the Labor Notes conference, in Chicago on June 18, 2022

US workers pushing unions to the mainstream

After decades in a rut, the US labor movement appears to be reinvigorated. At the Labor Notes conference in Chicago, labor leaders wanted to ensure it's a true upsurge and not just a blip, as Teddy Ostrow reports.  

Dumps at the iron ore mines of Kiruna, Sweden

Can Finland, Sweden help decarbonize the EU?

Demand for key metals is booming. Geopolitical realities and pandemic-related supply chain issues are increasing the pressure on EU countries to proceed with mining activities of their own to decarbonize their economies.  

Picture of a hand holding a bitcoin coin over us dollars

Bitcoin crash dampens outlook for investors

After crashing below the crucial $20,000 level, bitcoin remains on the edge with an uncertain outlook. But why are the cryptocurrency and its peers crashing?  

People wait in a long line in front of Tui Airways checkin counter at Düsseldorf Airport

Touring Europe this summer? Consider this

As travelers set off on vacations to avenge being grounded for so long due to the pandemic, they are getting a reality check. Logjams at airports are ensuring a rather rocky start to their long-awaited trips.  

A signage of the central bank-backed digital yuan is seen at a coffee shop

China test drives national digital currency

The use of the e-CNY, or digital yuan, is now being expanded beyond the purchase of consumer goods. Beijing has cracked down on other cryptocurrencies such as bitcoin and instead seeks to provide its own alternative.  

News in Brief

Eurozone inflation soars to record in June

A pile of euro banknotes

Inflation in the 19 countries using the euro currency has climbed to a record 8.6%. Surging energy prices amid the Ukraine war have pushed it up.  

India bans some plastics to tackle waste crisis

A woman buying cobs of corn in a plastic bag

New Delhi has imposed a federal ban on some single-use plastics in a country that generates around 4 million tons of the material every year. Offenders can net hefty fines or a five-year jail sentence.  

France bans veggie 'steaks' and 'sausages'

Raw steak

Plant-based meat alternatives will have to come up with new terminology in France. The country adopted a measure banning plant-based products from using the same names as food from dead animals.  

Google accused of privacy violations in EU

Google logo on a smartphone

Google uses unclear language and deceptive designs that trick users into agreeing to give up their data, EU watchdogs have said. The tech company has two other pending antitrust suits in the EU.  

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Legal blow to Biden's emissions plan

Climate Change activists hold a sign at the Supreme Court that reads protect the clean air act

The US Supreme Court has ruled that the federal government's key environmental agency cannot set wide-ranging limits on greenhouse gasses. President Joe Biden's administration called the ruling "devastating."  

EU to end combustion engine cars after 2035

Man charging car

After over 16 hours of negotiations, the EU's environment ministers struck a deal on proposed laws to combat climate change. From 2035 onward, only new cars and vans with zero CO2 emissions will be permitted.  

EU seeks ban on some tobacco products

A man inhales heated tobacco at a tobacco lobby conference

The European Commission wants to crack down on the use of novel tobacco products as part of a plan to fight cancer. However, the ban would not cover all vaping products.  

Japan warns of power cuts amid record heat

People take a break under a cooling mist as the Japanese government issues a warning over a possible power crunch due to a heatwave in Tokyo

Tokyo's temperatures have broken 150-year-old records in June. With power supplies tight, Japan is asking residents to turn off air conditioners to avoid blackouts.  

Sri Lanka suspends nonessential fuel supply

People wait to buy fuel at a fuel station in Colombo, Sri Lanka

Fuel will be rationed for two weeks as shortages and inflation continue to wreak havoc on Sri Lanka. Colombo is hoping Russian energy can solve its problems.  

EU energy ministers hope to avert crisis

Symbolbild Russland Nord Stream

The European Commission says it wants to present its strategy to ensure gas supplies for the winter in July. Meanwhile, the European Council has adopted a plan to ensure gas storage capacity is filled.  

Russia faces possible debt default

Various ruble bills in a pile

Moscow has failed to meet a deadline for over $40 billion in outstanding debts, as Western sanctions squeeze the Russian economy. The Kremlin has downplayed the news, insisting it has enough to pay what it owes.  

Perspectives
People demonstrating in Belfast with a Union Jack flag and a placard reading 'No Irish Sea border'

N. Ireland — Johnson gets out the chainsaw

The British prime minister is ripping the Northern Ireland Protocol out of Brexit. This breach is an act of political insanity and is further proof of Boris Johnson's utter irresponsibility, says DW's Barbara Wesel.  

More stories

Hong Kong fishing boats mark anniversary

Fishermen on boats in Hong Kong

The anniversary marks the halfway point of the One Country, Two System. But Hong Kong's independence from British colonial rule has been all but plain sailing for many in the city over the past 3 years.  

Why is Africa dependent on imported grain?

A farmer walking past a corn field

Despite having vast amounts of arable land, nutritious indigenous crops and a booming agricultural sector, Africa still imports most of its grain.  

What stops switch to climate-friendly diet?

A woman looks at products on a supermarket shelf

The global food system allows us to buy almost any product we want, whenever we want — often at the cost of the environment. But are we even capable of changing our eating habits?  

Jokowi visits Ukraine and Russia amid food crisis

Indonesian President Joko Jokowi Widodo and his entourage travel by train from Rzeszow, Poland, to the Ukrainian capital, Kyiv.

Indonesian President Joko Widodo has said he will try to convince the Ukrainian and Russian leaders to end the war, which has stoked inflation as well as caused food and energy shortages in many developing countries.  

Can degrowth stop climate change, end poverty?

Climate activists at a protest in London, UK

The degrowth movement want rich countries to stop chasing GDP in a desperate bid to stop the planet from heating — but both supporters and critics are gambling on prosperity and climate stability for billions of people.  

Ukraine war: Germans fear the end of prosperity

waiter serving guests in cafe by the Brandenburg Gate

The war in Ukraine and inflation have Germans concerned about their standard of living. Those who have the least are likely to suffer the most.  

What would a 'Marshall Plan' for Ukraine entail?

Ukrainian President Zelensky speaks to German Chancellor Scholz in Kyiv

German Chancellor Olaf Scholz has called for a "Marshall Plan" to rebuild war-scarred Ukraine. What does he mean by that?  

Experts caution on Angola-Germany H2 deal

A man works at a natural gas station

Angola will become the first African country to supply Germany with green hydrogen as Berlin seeks to transition into clean energy. Experts say Africa has massive green energy potential, but it involves risks.  

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 01:45

Kenyan startup transforms plastic trash

Each month, Noma Green Plastic Limited salvages plastic discarded in landfills and molds it into everyday items.  

More videos

Plastic waste in Kenya

Kenyan startup transforms plastic trash

Temelin nuclear power plant

Czech Republic eyes more nuclear energy

Singapore shop

Singapore affected by Ukraine war

Italy's biggest river Po

Worst drought in 70 years hits agriculture

A large crowd of people waiting at the Dusseldorf airport

Germany to hire airport workers in Turkey

Kroatien Opatija Hotel Ambasador

Ukranians welcome in Croatia's hospitality industry

Program Highlights

Globalization Magazine

Reports from around the globe  

Watch video 12:05

DW BUSINESS - AMERICA

Travel Challenge - New Nuclear - Drought Danger  

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