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Agricultural machinery harvests winter wheat in Ukraine

Ukraine economy is more than just wheat

Following independence in 1991, Ukraine's economic development was hamstrung by corruption, capital flight and a lack of reforms. Recent improvements are now being threatened by Russia's war in the country.  

A worker covered in graphite dust at a warehouse where graphite is processed

China's graphite dominance impacts EV plans

A rise in demand for electric cars is boosting demand for graphite, a key battery component. As battery and car makers try to secure supplies, China's domination of the graphite market has become a problem.  

McDonald's in Moscow

Western company outlets to be nationalized?

Theresa Fallon from the Center for Russia Europe Asia Studies talks about the Kremlin's threat to nationalize Western companies operating in Russia.  

Oil refinery in Venezuela

Can Venezuela help tame global energy prices?

In a bid to cushion the impact of the US ban on Russian oil imports, Washington is aiming to help increase production in countries like Iran, Saudi Arabia and even heavily sanctioned Venezuela.  

Berlin Gazprom Deutschland

Russian gas edging towards extinction in EU

Germany has been tied to Russia through energy for decades. But as the EU moves to end its dependency on Russian energy, opposition from the continent’s biggest economy is fading into irrelevance.  

Natural gas pipelines in Moldova

Ukraine war upsets Moldova's energy plans

Ukraine's neighbor to the west has been building ties with the European Union's energy grid. But the war could hurt Moldova's efforts to wean itself off Russian gas.  

A McDonald's restaurant in St- Petersburg, Russia

These companies have left Russia over Ukraine

International companies are closing up shop in Russia in droves. For some, the decision to leave such a large market isn't an easy one.  

Theodor Prenzel at NOMOS Glashütte

Glashütte watches now better protected by law

The town of Glashütte is the heart of watchmaking in Germany, with a tradition dating back to 1845. As Hardy Graupner reports, the "Made in Glashütte" label is now officially protected by law — and for good reason.  

Luxury villas in Dubai.

UAE a hot spot for Russian sanctions dodgers?

It's sunny and politically stable, there is little financial transparency and it's easy enough to invest in a business or property and get a residency visa in return.  

Pipes for gas transport

Russian gas in Germany: A complicated story

For 50 years, Russian gas has powered German homes and businesses. From the start, the trade link was controversial, but it established deep economic ties between the two countries.  

Wheat field under blue sky

Middle East faces wheat crisis over Ukraine

Middle Eastern and North African countries rely heavily on wheat imports from Russia and Ukraine. The current war could lead to a severe food crisis in a region already under pressure.  

An LIC office building in Kolkata, India

War in Ukraine threatens Indian IPO

India's behemoth state-owned insurer LIC is all set to go public with an initial public offering that is billed to be the biggest ever in India. But Russia's invasion of Ukraine has raised questions about the timing.  

People with signs saying ''Stop buying Russian oil'' and ''Russian oil kills Ukrainian children'' at a rally in support of Ukraine held in front of the White House

Will Arab oil save us from soaring prices?

Sanctions on Russia won't work unless the world reduces its use of Russian oil and gas. But it's difficult to do this without also increasing prices. Middle Eastern oil producers could help. But do they want to?  

Zaporizhzhia plant at night

How vital is nuclear energy for Ukraine?

When it was attacked by Russian forces, Ukraine's Zaporizhzhia nuclear power plant shifted to center stage. But while nuclear energy is important to Ukraine, the country still gets 70% of its power from fossil fuels.  

Water vapour pours from cooling towers, a wind turbine in the foreground

Will war fast-track the energy transition?

The sudden push to reduce Europe's dependence on Russian gas and oil could trigger a paradigm shift to clean energy sources that might be quickly scaled up.  

Inside Giga Berlin

Tesla's Germany plant gets final approval

US carmaker Tesla's fourth Gigafactory has received a long-awaited final permit from regional German authorities. But full-scale production has to start later due to the strings attached.  

Ruble exchange board

Crypto an escape route for Russia sanctions?

Since a wave of financial sanctions hit Russia over its Ukraine invasion, questions have been raised over whether cryptocurrencies could provide an escape route. But leading exchanges said they will comply with the law.  

Vladimir Putin and Nicolas Maduro

Sanctions to hit Putin's Latin America allies

The effects of the sanctions on Russia's banking system will likely affect Venezuela, Nicaragua and Cuba. Energy, military and agricultural sectors could suffer the most.  

News in Brief
New Zealand Foreign Minister Nanaia Mahuta and Prime Minister Jacinda Ardern

New measures to support Ukraine

New Zealand will provide work visas to Ukrainian family members of Ukrainian-born citizens and give additional aid.  

Agricultural machinery harvests winter wheat in a field of the Zarya-Agro state-owned farming enterprise in Donetsk.

War in Ukraine drives global food insecurity

The International Monetary Fund (IMF) has issued a stern warning that the world's food supplies are in peril.  

Wirecard ex-CEO Braun charged with fraud

Markus Braun

The 474-page indictment shows what a tangled web of financial transactions investigators had to unravel. Braun is accused of knowingly signing off on false balance sheets while working to protect his massive salary.  

Germany: Security workers go on strike

Verdi strike at Düsseldorf Airport

Security workers have launched a work stoppage at many of Germany's international airports as they demand better pay and working conditions. Hundreds of flights have been canceled.  

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Finland's much-delayed nuclear plant launches

The Olkiluoto-3 in Finland

Nuclear reactor Olkiluoto 3 has gone online in Finland some 12 years behind schedule and on a massively inflated budget. Finland now hopes to cut back on energy imports from Russia, Sweden and Norway.  

UK, EU launch probe into Google-Meta deal

Google Logo und EU Flag

The European Commission and the UK's Market Authority each launched an investigation to see if a 2018 deal between Google and Meta aimed at distorting competition in the digital ad business.  

ECB to accelerate phaseout of fiscal stimulus

Hundred-euro bills

The war in Ukraine has exacerbated already high inflation, and the European Central Bank has said it is preparing to be more aggressive on ending fiscal stimulus packages.  

Chernobyl nuclear plant off power grid

Chernobyl Nuclear Power Plant

The decommissioned Chernobyl nuclear site has been knocked off Ukraine's power grid. Operations such as water cooling to manage the heat of spent fuel at the site still require power.  

More Michelin-rated restaurants in Germany

The interior of the Das Grace restaurant in Flensburg, one of the new German entrants on 2022's Michelin Guide.

Germany's chefs have been hard at work during the coronavirus pandemic, and there are now over 320 gourmet restaurants. A new "three star" establishment was even added, the highest caliber Michelin awards.  

Shell to stop buying Russian oil and gas

This file photograph taken on January 30, 2018, shows the logo of energy giant Royal Dutch Shell at a petrol station in London.

The energy giant has apologized for buying Russian crude oil last week. It said it would halt its business ties with Russia "in a phased manner" that could take some weeks to complete.  

Germany: Amazon workers stage 2-day strike

Picture of Amazon building with Verdi logo.

Trade union Verdi has called the strikes, which coincide with Equal Pay Day and International Women's Day, at six Amazon warehouses in Germany.  

Wary of cutting off Russian oil, gas

The Nord Stream 2 gas terminal in Germany

Quickly cutting off energy revenues with oil and gas embargoes would hit Moscow where it hurts. But European leaders have argued for a phased approach, openly admitting their dependency on Russian energy supplies.  

Perspectives
People cross an improvised path under a destroyed bridge while fleeing the town of Irpin close to Kyiv, Ukraine

A new global economic crisis soon?

Russia's war against Ukraine is disrupting and likely stifling the world's economic recovery from the COVID-19 pandemic. What comes next is unclear, but it's not going to be any better, thinks DW's Henrik Böhme.  

More stories

Europe main focus for weapons exporters

Russian and Belarusian tanks on snow

Even before the Ukraine war broke out, European weapons imports saw a marked increase, according to the Stockholm International Peace Research Institute SIPRI. And the figures for 2021 were a sign of things to come.  

War affects tourism in eastern Europe

Aerial view of the cityscape of Kaunas, Lithuania

The pandemic has taken its toll on the tourism industry. Now, the war in Ukraine may spell trouble for tourism in Central and Eastern Europe.  

Ivory Coast brings digital tech to agriculture

A man holding dirt in his hands

Young "agripreneurs" and developers of digital app solutions hope new technology will revolutionize the west African country's farming sector.  

Nuclear accident risks at Chernobyl plant rise

A soldier in front of the defunct Chernobyl nuclear power plant

Threat of a nuclear catastrophe is low. But experts fear for safety of workers who have been unable to rotate off shift. Communications with the site are down and electricity has reportedly been lost.  

More Michelin-rated restaurants in Germany

The interior of the Das Grace restaurant in Flensburg, one of the new German entrants on 2022's Michelin Guide.

Germany's chefs have been hard at work during the coronavirus pandemic, and there are now over 320 gourmet restaurants. A new "three star" establishment was even added, the highest caliber Michelin awards.  

Why are female health workers on strike?

Female health workers in India participate in a demonstration demanding better working conditions and wages

Community medical workers, who are the backbone of India's health care system, have been on strike, demanding better recognition of their work, increased wages and improved working conditions.  

Irregular route to Europe for economic reasons

Indian migrants at Serbia's Kikinda camp

Some Indian migrants have been trying to enter the European Union illegally from Serbia and Bosnia. Many are waiting at camps to cross EU borders.  

Putin has few friends left in Latin America

Alberto Fernandez and Vladimir Putin, two men smiling, embrace

Russia's growing engagement in Latin America has not been paying off politically. Most countries have condemned the invasion of Ukraine, and only a few old Soviet allies are standing with President Vladimir Putin.  

Ukraine's little-known space feats

Vega rocket liftoff

The war in Ukraine threatens space development — and not only due to sanctions on Russia. Ukraine plays a little-known, but crucial, role in the world's space scene.  

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 01:30

Moldovan farmers in a plight

Moldovan apple farmers are feeling the consequences of Russia's war in Ukraine.  

More videos

Apples on a tree

Moldovan farmers in a plight

Lockheed Martin F-35

Interview with Dr Lucie Béraud-Sudreau

Magdeburg, Germany

German firms hit by export ban to Russia

Schweiz Paradeplatz Zürich Flaggen

Switzerland imposes sanctions on Russia

Wheat harvest in Russia

Global worries about wheat deliveries

McDonald's in Moscow

McDonald's boycott of Russia

Knightsbridge in London

New bill takes aim at oligarchs

Program Highlights

Globalization Magazine

Reports from around the globe  

Watch video 13:06

DW Business - Asia

Berlin gives coal a new look amid Russian gas fears - Ukraine war sends nickel price to all-time high - War in Ukraine undermines Moldovan trade  

Technology

Auto Industry

Eurozone