With the establishment of their own bank, BRICS countries (Brazil, Russia, India, China and South Africa) wanted to make a statement: No longer would they be dependent on the World Bank and the IMF. The New Development Bank has opened for business.
In the DRC, delayed elections have contributed to an economic slowdown and a tense business climate. DW's Sella Oneko was in Kinshasa to examine the effects of the political uncertainty on the business community.
The latest extreme poverty estimates from the World Bank revealed that Africa is lagging behind the rest of the world. Development expert Francisco Ferreira says it's not too late to turn things around.
Swiss banking giant UBS and its executives are in the dock facing charges of aggravated tax fraud, money laundering and illegally soliciting clients in France. If convicted, the bank could end up paying a hefty fine.
It seems like bad news is springing up from many major economies. Although it's too early to talk of a doomsday scenario, the risks should no longer be ignored, says DW's Henrik Böhme.
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