Business

DW Business - Europe & Asia 23.10.2018

Investor meeting kicks off in Riyadh - Verdict upheld, award slashed in Monsanto trial - BMW recalls over 1 million cars over fire risk

US trumps Russian gas as Poland eyes Gazprom exit 23.10.2018

Poland is replacing its Russian gas with imports from the US and Norway. The move could help cement US military security promises, but what price is Warsaw willing to pay as Berlin goes ahead with its Russian gas plans?

BMW widens recall over coolant issue 23.10.2018

German auto manufacturer BMW has announced it's recalling over a million more vehicles than originally planned over fears the affected cars can catch fire. Car owners shouldn't worry too much, though, BMW insisted.

DW Business - Europe 23.10.2018

Asian markets decline on geopolitical fears - Verdict upheld, award slashed in Monsanto trial - World's longest bridge opens

Saudi investment conference kicks off in Riyadh 23.10.2018

A three-day international investment conference has started in Saudi Arabia to help the nation overcome its dependence on oil revenues. The meeting got off to a bumpy start amid a major Saudi image crisis.

Siemens CEO pulls out of Saudi conference 22.10.2018

Siemens has become the latest business to pull out of an investment conference hosted by Saudi Arabia. Company boss Joe Kaeser announced his decision just a day before the event was due to kick off.

DW Business – Europe & Asia 22.10.2018

Italy plans to carry on with budget plans, keep an eye on debt 22.10.2018

Investors are keeping a close eye on Italy. The country’s populist government plans to increase spending while slashing taxes mean it couls break the EU’s budget rules. Italy’s credit rating was downgraded to a notch just above. Italy’s government faces a deadline to respond to an EU reprimand to keep its budget in line with the bloc’s rules. But the nerves haven’t gone away.

Piano makers struggle to stay in tune with the times 22.10.2018

Wayne Stuart is one of the last remaining piano makers in Australia. He’s hoping his latest creation – a grand piano with 20 more keys than a conventional instrument – will help keep his family’s old craft in tune with the times.

Siemens CEO pulls out of Saudi investment conference over Khashoggi case 22.10.2018

The chief executive of the German industrial conglomerate, Joe Kaeser, will not attend the Saudi-organized Future Investment Initiative this week. He said his decision was "the cleanest" though not "the most courageous."

Indonesia: tsunami highlights underinsurance gap 22.10.2018

With many people and businesses in Indonesia not insured against natural disasters, the state is struggling to cover the financial burden of the recent tsunami. Lloyd's of London estimates that US$163 bn of assets are underinsured worldwide.

How will the EU-Italy budget standoff be resolved? 22.10.2018

Italy's populist government has spooked Brussels with an ambitious draft budget after vowing to end austerity. DW's Bernd Riegert explains how the country plans to have its cake and eat it.

DW Business - Europe & Asia 22.10.2018

Italian debt downgraded as tensions with EU rise - Ryanair summer profit falls - French port of Calais braces for Brexit

Disaster-prone nations threatened by huge insurance gap 22.10.2018

New research from Lloyd's and CEBR has shown that vast assets are underinsured, posing a huge threat to livelihoods particularly in poorer nations. Those most at risk are also those with the lowest insurance levels.

Italy's banks struggle under the new government in Rome 22.10.2018

Italy's banks thought they were doing everything right to get back in the graces of the ECB and policymakers in Brussels. Then a populist government took over in Rome, and suddenly the banks are back in trouble.

Chinese startups cashing in on chips 22.10.2018

China’s growing interest in artificial intelligence is spurring startups to develop high-powered chips.