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A woman holding a Chanel Logo purse

Demand for secondhand luxury goods rising

Buying an authentic secondhand Louis Vuitton bag is no longer a risky back-alley adventure. And it is not just bargain hunters who are going online and bypassing the boutique experience in the first place.  

Lady Gaga getting off of a private jet in Sydney

Private jet flights soar during pandemic

An increase in the use of business jets cannot be ascribed solely to the coronavirus pandemic. Greater comfort and easy-to-use shared private jet programs are proving that flying status symbols are here to stay.  

Pan American World Airways plane

Pan Am: Around the world with the blue globe

Thirty years ago, Pan Am ceased operations. The US airline put its stamp on civil aviation like no other and will always be remembered, especially by people in Berlin.  

Tourists at the airport

Tourism under the yoke of the pandemic

There's no doubt that the coronavirus pandemic has cost the global tourism industry dearly. Axel Hefer, CEO of travel search platform Trivago, expects sluggish winter business and a marked upswing next summer.  

In this photo illustration, a medical syringe and a vial are seen in front of the text Omicron (B.1.1.529): SARS-CoV-2 in the background.

Could omicron accelerate end of pandemic?

The rise of the new COVID variant has rattled global investors who are struggling to judge its economic implications. JP Morgan analysts have sought to calm nerves, saying omicron may speed up the end of the pandemic.  

A shop closed in Istanbul, Turkey

No policy change in sight for crashing lira

The Turkish lira is weaker than ever before. Still, the president sticks to his questionable interest rate policy. But now, the central bank has intervened on the foreign exchange market.  

EU and Chinese flags

EU unveils €300 billion infrastructure plan

The EU has called the plan a "road map for investment" in the developing world. It is seen as an eventual alternative to China's "Belt and Road" global infrastructure strategy  

Aerial view of shipping containers sitting stacked at Asia's first fully automated container terminal of Qingdao Port in the Qingdao Area of China

OECD cuts global economic outlook

The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.  

An outside view of the Opel car factory in Gliwice, Poland, on March 7, 2017.

Opel ends production of Astra in Poland

The last Astra rolled off the production line at Opel’s plant in Gliwice in southwestern Poland on November 30. Now some fear the city will lose much of its economic bite. Can van production fill the gap?  

Trucks with rare earth at the Port of Lianyungang in China

Climate policies need to focus on raw materials

Public debates about the EU's dependence on oil and gas imports are mounting. But Europe might soon find itself in an even weaker position in a field crucial for energy transition: critical raw materials.  

Discount signs at a clothing store in Haian city of Nantong

China: What next for the Asian powerhouse?

China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods slows?  

Cyberpunks nft

Why are some NFTs so expensive?

Most are worthless, but some sell for millions: Experts explain to DW what they know about the mysterious price of nonfungible tokens, and why this crypto-asset may have rough days ahead.  

Robert Habeck

Habeck set to become economy minister

Green Party co-chair Robert Habeck has come to the forefront following the election, which saw his party double its seats, but fall far short of becoming the strongest party. Now he is set to become vice-chancellor.  

A section of the US Strategic Petroleum Reserve facility in Louisiana

US takes on OPEC+ by releasing oil reserves

After being spurned by OPEC+ for months, major consumers led by the US have come together to tame oil prices. The move is a setback to the oil cartel's hegemony over the global oil market.  

Packages of Beyond Meat products in a supermarket freezer

Alt-meat food market cools amid pandemic

One-time investor darlings like Beyond Meat and Oatly are suffering after demand for their alternatives to traditional meat and dairy declined. Can plant-based alternatives make a comeback?  

Wrapped Christmas trees

Retailers fear the worst as German cases surge

Businesses have been struggling to recover from the first coronavirus-caused lockdown last year. The renewed rise in infections across Germany doesn't bode well for their trade. Hardy Graupner reports.  

Afghans wait outside a Kabul bank

Afghan banking system on brink of collapse?

Afghanistan's banks have fallen into disarray following the Taliban's takeover of the country, a UN report says. The world body has called for urgent measures to prevent the banking system from a "colossal" collapse.  

Model Y at Grünheide facility

Tesla's Gigafactory Berlin on track for opening

As a last round of discussions related to objections by locals to Tesla's factory near Berlin ended Monday, the only thing the US carmaker still needs is a final operating permit from regional authorities.  

News in Brief
A woman is looking for a job and has her hands in her hair

Better.com fires 900 employees over Zoom call

Better.com's chief executive officer, Vishal Garg, has been criticized for the way he fired hundreds of people.  

A man follows the stock market on screens at the Dubai Financial Market

UAE adopts Monday to Friday as working week

The United Arab Emirates will be one of the few Mideast countries with a workweek that includes Friday.  

Major German companies launch vaccine PR push

Ritter Sport, Mercedes-Benz, Aktion Mensch, Volksbank, Otto, and BMW are just some of the brands that have changed their slogans

Mercedes-Benz has swapped its "the best or nothing" slogan for a more public-health-minded tagline. Firms from Burger King to banks are also in on the massive campaign.  

Combat cyber threats with tech firms' help

Euro banknotes

The euro banknotes have undergone only one minor update since being introduced almost 20 years ago. Now, a decision on new designs to make them "more relatable" is to be taken by 2024, the ECB says.  

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German factory orders go into reverse

A Siemens employee inspects part of a generator

German factory orders have dropped steeply amid a downturn in demand from manufacturers — particularly from countries outside the eurozone.  

Didi ride-hailing giant starts NYSE delisting

A man looks into a trunk of a a Didi-branded car

China's rival to Uber has said it is leaving the New York stock exchange to seek a listing in Hong Kong. Beijing has been pressuring the company over data security.  

UAE signs record deal for French fighter jets

A Rafale jet fighter aircraft by Dassault Aviation makes a flight demonstration

The deal for 80 aircraft represents France's largest-ever weapons contract for export. The UAE is following the lead of two other Arab states in snapping up the Rafale jets.  

Elle to drop fur from international editions

ELLE Magazine

The magazine, which originated in France, is the first major fashion publication to take the step. Elle said it wants to "foster a more humane fashion industry."  

Locals, tourists despair over travel bans

This handout provided by Belarusian state agency BelTA via AP shows migrants queuing to get hot food at a logistics center at the Bruzgi checkpoint on the Belarusian-Polish border.

It was South Africa that first sounded the alarm on the omicron coronavirus variant. Many governments reacted swiftly by closing their borders to travelers from the wider southern Africa region.  

Washington seeks to block Nvidia-Arm merger

Nvidia logo

US regulators believe the takeover would undermine competition in the computer chip industry.  

New COVID curbs for unvaccinated Germans

COVID-19 test center in Dortmund

"Get a vaccine, get a booster — that's how we get out of this crisis," Chancellor-designate Olaf Scholz said. Outgoing Chancellor Angela Merkel said she is in favor of mandatory vaccinations.  

US health panel backs Merck COVID pill

Capsules of the experimental COVID-19 treatment pill called molnupiravir being developed by Merck

Authorities could soon grant emergency use for the first at-home treatment for Americans. However, concerns over potential side effects remain.  

Perspectives
Fuel prices on display at a gas station

Will energy become unaffordable?

The rates for electricity, gas and fuel are skyrocketing. German consumers are already rubbing their eyes in disbelief. And there's little to suggest it will improve anytime soon, writes DW's Henrik Böhme.  

More stories

Europe's CO2 tax: Revolution or protectionism?

Smoke billows from chimney stacks, with wind turbines in the background

The EU is picking up speed with climate protection regulations. For imports from abroad, a carbon tax will soon be introduced. But poorer countries could be unfairly disadvantaged by this.  

Big Picture Giving 'faceless' sex workers in Germany a face

A black and white picture of a woman wearing a white mask and dressed in underwear standing in front of a shop lot

The "Faceless — Women in Prostitution" photo exhibition sheds light on the daily realities of female sex workers, which is still a taboo topic in Germany.  

Mercury mining makes a comeback in Kyrgyzstan

Gold miner holds mercury which will be used to extract gold

Mercury, used in gold mining and electronics, poses serious health risks. Despite international pressure to ban its trade, Kyrgyzstan is ramping up production.  

Malaysia's tourism sector faces collapse

Tourists walk on Cenang beach on the island of Langkawi.

Since the beginning of the pandemic, tourism in the Southeast Asian country has plummeted. The consequences are dramatic for those who work in the industry.  

Global arms industry flourishing despite COVID

A German Leopard 2A7 tank

A $531-billion business: The new SIPRI report shows that the world's top 100 arms producers have continued to increase sales — even in the pandemic year of 2020 and despite the global economy contracting.  

Lebanon's crisis killing Beirut's party scene?

Libanon Beirut Five islands Festival in Faraya

A pandemic, civil strife and an economic meltdown have conspired to bring a vibrant Beirut club scene to its knees. But the city needs parties more than ever.  

India's privatization push scrutinized

Air India jets on the tarmac in New Delhi

Moves to privatize India's public services are being met with strong opposition. However, proponents of the plans say privatization can streamline services and boost the economy.  

EU, China race to secure green projects in Asia

Palm oil plantation in South Kalimantan province, Indonesia

The EU and China have pledged to boost funding of green investment projects in ASEAN. But will these erstwhile partners, whose relations have soured over the past year, be able to work side by side?  

Who benefits from China-Africa relations?

Chinese President Xi Jinping

China is Africa's leading trading partner. It is also Africa's largest creditor. Experts say the relationship needs to be revamped for the benefit of the people. The ball lies in the African court, they add.  

Coal: The end is nigh — or is it?

smoke pouring out of 3 smokestacks

As coal power is phased out in favor of cheaper renewable energy, the fossil fuel's future looks bleak. Yet coal is making a comeback as it helps power post-pandemic recoveries.  

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 02:47

China hopes for post-Olympic skiing boom

The Chinese government hopes that the Olympics could help jumpstart a winter sports industry worth billions.  

More videos

China | Vor den Olympischen Winterspielen

China hopes for post-Olympic skiing boom

Brasilien Vorbereitungen für den Karneval

Rio tourism returns ahead of carnival

Berlin disco

Lights go out in dance clubs around Germany

Ukrainian landfill

Ukraine drowning in landfills

Bangladesch verhängt Quarantäne für Reisende aus Afrika

South Africa shellshocked by travel bans

Favela Brasil Xpress employee

Brazil's favela startup gets going

Auto parts supplier

Chip crisis drives car suppliers out of business

China-Laos Railway in Luang Prabang, Laos

Laos gets a rail line — at a cost

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Globalization Magazine

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DW Business – Europe & America

Intel to list self-driving car unit Mobileye - China aims to develop major winter sports industry  

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