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Berlin PK Wirtschaftsminister Habeck

Germany triggers gas alarm stage

Germany has moved its three-step national gas emergency plan from the 'early warning' phase to the 'alarm' phase. The country had triggered the first stage on March 30, following Russia's invasion of Ukraine.  

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.  

A man works at a natural gas station

Experts caution on Angola-Germany H2 deal

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.  

A picture of Moroccan King Mohammed VI, Spain's Prime Minister Pedro Sanchez, Crown Prince Moulay Hassan, Prince Moulay Rachid, the king's brother, and Morocco's Prime Minister Aziz Akhannouch, posing before an Iftar meal at the royal palace

Gas crisis over Western Sahara conflict?

Madrid's U-turn on its formerly neutral stance on the conflict has enraged Algeria. Trade relations have been frozen unilaterally and a cut in gas supplies to Europe could be in the pipeline.  

Turkish President Recep Tayyip Erdogan

Why inflation is skyrocketing under Erdogan

Inflation is a problem everywhere but in Turkey it is currently a staggering 73.5%, with no end in sight. Still, President Erdogan insists on maintaining low interest rates.  

A coal power plant spewing a huge cloud of smoke, overshadowing a row of wind turbines

World misses mark on green recovery

Despite government promises of a green COVID recovery, a new report says the world missed a "historic chance" to boost clean energy.  

Wheat field under cloudy blue sky in Ukraine

Wheat prices soar — will they remain elevated?

Global prices for the commodity have doubled recently. Russia's invasion of Ukraine is partly — but not fully — to blame. DW looks into what's moving wheat prices and what role financial speculation plays.  

People wait in line at Macy's before Black Friday sales in the Manhattan borough of New York City

Will the Fed put zombie firms to rest?

Unproductive companies may face bankruptcies as the Federal Reserve hikes interest rates. Will workers and the wider economy pay the price?  

Satellite pictures show only a few houses have been built in Neom so far, and mostly for the wealthy.

Saudi Arabia's bid to shift from oil

Due to the Ukraine war, Saudi Arabian oil is in demand. But it won't be forever. So how realistic are efforts — which include ski resorts in the desert — to diversify the wealthy monarchy's oil-based economy?  

E-cars being recharged

EU car bill highlights Poland's lack of chargers

The European Parliament has approved a bill prohibiting the sale of new CO2-emitting cars by 2035, part of plans to cut net emissions by 55% by 2030. The move highlights Poland's lack of electric charging facilities.  

Supporters of the Big Oil Windfall Profits Tax Act hold posters during a bicameral press conference at the US Capitol in Washington DC

Why single out energy firms for windfall tax?

Energy companies are having to pay a one-off tax on their war-fueled profits in many countries. But what about tech firms like Apple and Amazon that benefited massively from pandemic-induced lockdowns not so long ago?  

News in Brief

EU seeks solutions to Russian gas war

France's Macron and the EU's Charles Michel and Ursula von der Leyen

Amid record-high inflation and a Russian gas squeeze, the European Union is looking to diversify its energy sources to reduce demand. EU leaders also backed Croatia using the euro as its currency.  

Strikes at airlines hit European travel

A Ryanair flight (front) lands while a Brussels airlines flight takes off

Cabin staff at Ryanair and Brussels Airlines are protesting over pay and working conditions. The walkouts mark another blow for the industry struggling with staff shortages amid a COVID rebound.  

Consumer gas prices could triple, official warns

The Russian Nord Stream pipeline in Lubmin, Germany

German energy official Klaus Müller has said the country's gas situation is stable, but predicted higher prices for consumers. He also said that Germany can last another 2 1/2 months without Russian gas.  

Instagram tests face scans to verify user ages

Instagram social media service running on a smartphone.

The Meta-owned social media platform is testing new tools to verify ages of US users. The tech was developed by Yoti, an AI digital identity company.  

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Putin seeks support from BRICS nations

BRICS-Gipfel 2022 | Russlands Präsident Wladimir Putin

President Vladimir Putin has slammed the West as Russia is hit by sanctions. He called on emerging economies to cooperate with Russia as the Kremlin seeks to reroute trade.  

Nike leaves permanently from Russian market

A woman wearing a mask passes by a Nike store in Beijing on Thursday, March 25, 2021

The US sportswear giant will close its stores and websites in Russia. The retailer joins a growing list of companies that have pulled out of Russia following the invasion of Ukraine.  

Musk laments costs of new Tesla factories

Tesla factory in Berlin-Brandenburg

The South African-born entrepreneur said low output and supply chain issues are making the new factories an expensive endeavor. The Berlin factory in particular has been met with union and environmental challenges.  

US: Joe Biden calls for fuel tax suspension

US President Joe Biden calls for a federal gas tax holiday as he speaks about gas prices at the White House

The US president says suspending taxes on gasoline won't "reduce all the pain, but it will be a big help." Republican lawmakers and even members of his own Democrats are skeptical.  

Germany lays out plan to overhaul rail network

Numerous travelers are standing on the platform at Hamburg Central Station

Transport bosses say work is scheduled to begin in 2024 as modernization of heavily used routes is essential if Germany is to meet its climate targets.  

Brazil's Lula launches green election campaign

Luiz Inacio Lula da Silva pictured at the launch of his government program guidelines for the October elections

The 76-year-old leftist is seeking a third term after serving as president from 2003 to 2010. Polls show he is ahead of far-right incumbent Jair Bolsonaro.  

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.  

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EU lawmakers to 'equalize' trade with Africa

Trucks parked on the road side waiting to get access into Tincan port in Apapa, Lagos, on January 11, 2021

The European Union should change the way it does business with Africa to redress imbalances left over in part from the colonial era, EU lawmakers have said.  

BioNTech breaks ground on Africa's mRNA plant

Ghana president Akufo-Addo, Rwanda's president Paul Kagame and the CEO of BioNTech, Ugur Sahin shovel dirt in front of flags

German pharmaceutical company BioNTech has begun construction of an COVID-19 vaccine plant in Rwanda. When completed, it will be the first mRNA vaccine plant in Africa.  

Russia-Lithuania transit row heats up

About ten freight trains with cars lined up side by side on tracks that curve into the distance

Lithuania is enforcing EU sanctions and restricting freight traffic to the Russian exclave of Kaliningrad. Moscow has responded by threatening the leadership in Vilnius with "serious consequences."  

Japan central bank defiant as yen plummets

Japan's central bank head office nestled among big office buildings in Tokyo's central business district

A decade of currency stability has come to an end with the rising cost of necessities and dear luxuries. But the central bank seems to be determined to keep its weak yen policy.  

German farmers hit by war and pork crisis

Pigs in cages

The skyrocketing prices for fertilizer, animal feed, and fuel are causing pressure on Germany's farmers, with food prices continuing to rise. The government is offering help.  

Africa could earn billions in unpaid taxes

Nigerian Naira bank notes

Tax revenues could make a vital contribution to the development of African countries. But the untapped informal sector, also known as the shadow economy, and inadequate collection of taxes stand in the way.  

How Africa could feed itself

Tractor with driver at a coffee plantation

Drought, COVID-19 and the Russian war against Ukraine are fomenting a hunger crisis in Africa. The continent has enough fertile soil and water to meet its own needs, but there are many hurdles preventing this.  

How to fight food waste

Symbolbild Supermarkt

Spain is introducing a new law to combat food waste, joining several other countries that have similar legislation. But how else can countries ensure less food gets thrown away?  

Will EU firms rethink their China strategies?

BMW plant in Shenyang, China

It's a choice between going all in or carefully hedging bets — with clear tensions between politics and business. So how should EU firms recalibrate their strategies for doing business and innovation in China?  

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 02:29

Military defense moves centerstage at ILA

As the war in Ukraine is forcing nations to boost military capabilities, defence companies are back in force at ILA.  

More videos

Deutschland Internationale Luft- und Raumfahrtausstellung ILA Berlin 2022

Military defense moves centerstage at ILA

Deutschland Bayern | Kernkraftwerk Isar aus der Luft

Nuclear power making a comeback in Germany?

Odesa's tourism industry collapses

Odesa's tourism industry collapses

Sri Lankan middle class struggles amid economic crisis

Sri Lankan middle class struggles amid economic crisis

Hundreds of people at a protest near the House of Ecuadorean Culture in Quito in June

Rising prices cause 'inflation rebellion'

Aeroflot Russische Fluglinien

Airbus, Boing barred from servicing Russian planes

Program Highlights

Globalization Magazine

Reports from around the globe  

Watch video 12:04

DW Business - America

Bear Market Hibernating? - Revisiting Nuclear Energy - Argentine Food Inflation  

Technology

Auto Industry

Eurozone