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A working standing in front of Qatar's football stadium

Coronavirus's trillion-dollar toll on workers

The true impact of coronavirus countermeasures on the economy is becoming clearer. A new study estimates that already this year global income has declined by 10.7%, a loss of around $3.5 trillion.  

A picture of anti-Tesla protesters in Grünheide, Germany, holding up posters reading No Gigafactory in the forest

Will Tesla's critics slow down Gigafactory?

Authorities in the German state of Brandenburg have been facing a growing group of people who object to the construction of Elon Musk's Gigafactory there in total or in part. Hardy Graupner reports on a public hearing.  

A picture depicting Democratic Presidential Candidate Joe Biden together with workers at an aluminum manufacturing facility in Manitowoc, Wisconsin,

Will Biden's economic plan sway Americans?

The Democratic Party's White House nominee is polling ahead of Trump, but the president is seen as stronger on the economy. Joe Biden has six weeks to convince voters he can beat the pandemic and turnaround US fortunes.  

US President Donald Trump and his Chinese counterpart Xi Jinping, in the background are US and Chinese flags

'US won't tolerate China as peer competitor'

The neorealist international relations scholar John Mearsheimer has predicted for years that China's rise will bring it into conflict with the US. He tells DW about what he expects for the future of the US-China rivalry.  

A fire on the Candy and Maestro tankers in the Strait of Kerch (picture-alliance/dpa/XinHua/Untersuchungsausschuss der Russischen Föderation)

FinCEN: Oil deals with Syria turn fatal

There is an embargo on oil business with Syria, but it still takes place. The FinCEN Files, international research on money laundering, corroborates this. And Turkey's largest oil company appears to play an uncanny role.  

Deutsche Bank building

Witnessing Deutsche Bank's tailspin

Attempts by Germany's biggest lender's to defend its role in the FinCEN scandal seem pointless, says DW's Henrik Böhme.  

Deutsche Bank's headquarters in Frankfurt

Deutsche Bank's biggest scandals

The revelations out of the FinCEN Files are the latest in a long line of scandals from Germany's largest bank.  

Workers at a tea plantation in Sri Lanka

Sri Lanka's Ceylon tea workers in a bind

The descendants of Indian Tamil tea plantation workers remain stuck at the bottom of Sri Lankan society. Many of them continue to work under harsh conditions for a meager daily wage.  

People access free Wi-Fi on their mobile phones at a public spot in Mutare, Zimbabwe

What are the eco benefits of 5G?

Expanding fast, reliable internet access across Africa will bring advantages for society, business and the climate. But with operators mainly focused on profit, environmental solutions often take a back seat to cost.  

Stickerei | Modespitze Plauen (Ellen Liebner)

Plauen lace thrives on sticking to its roots

Plauen lace has its roots in a centuries-old tradition of textile manufacturing in Saxony, Germany. The brand is still standing its ground by combining old ways with an innovative spirit, as Hardy Graupner reports.  

Pharma glass vials

German glassmaker is key to vaccine supply

As the world waits anxiously for a COVID-19 vaccine, a German company is doing its bit to ensure that the shot reaches you with its potency intact. Ashutosh Pandey reports from its Mainz headquarters.  

A doctor prepares to administer a shot to a patient's arm with a syringe

Coronavirus: The race to save Germany

With relatively low exposure to the coronavirus, health experts in Germany say the country won't be safe until there is a viable vaccine. Berlin has promised funding to three German companies racing to save lives.  

A Nigerien soldier (picture-alliance/Zumapress/D. White)

Africa: The big rip-off in arms deals

Africa's armies are kitting out: The US and Europe, in particular, spend big to support countries on the continent in the war on terror. That has drawn corrupt arms dealers to the scene.  

USA Kalifornien Waldbrände (AFP/D. McNew)

West Coast fires will cost US economy dearly

The wildfires ravaging America's West Coast have sent thousands fleeing and will leave behind destruction, uncertainty and huge bills. The disruption to the economy should not be underestimated.  

Wirecard logo

After Wirecard, fintech faces scrutiny

The downfall of Wirecard has badly exposed the lax regulation by financial services authorities in Germany. It has also raised questions about the wider fintech sector, which continues to grow rapidly.  

News in Brief
The US Capitol

US bans imports from Xinjiang 23.09.2020

The bill passed unanimously in spite of opposition from businesses and the Chamber of Commerce  

Slaughterhouse in Germany

German police raid meat industry 23.09.2020

In the focus are subcontracters suspected of smuggling in migrant workers illegally.  

Deutsche Bank shares fall on FinCEN report

Deutsche Bank headquarters next to a red traffic light

Deutsche Bank shares fell by nearly 9 percent, similar to other major banks around the world. Banks were accused of handling more than $2 trillion in dirty money for 18 years.  

International sting on darknet drug trafficking

Representational image of a screen and keyboard.

An international operation by US and European police agencies has led to the arrests of more than 170 suspected online criminals. Law enforcement says the "golden age" of anonymous internet crime is over.  

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Perspectives

Europe will not follow the US 5G strategy

5G network

The US shouldn't count on European support to promote China-free data networks, says political scientist Xuewu Gu.  

Kate's column
DW's Kate Ferguson

The surprising truth about digital currencies

Central banks all over the world are planning to launch digital currencies. Fueled by competition from private firms as well as increasingly charged geopolitical ties, authorities believe cash may soon no longer be king.  

Series: Black entrepreneurs in Berlin
Kwame Juice Owusu (Offenblende.de)

Kwame Owusu

In the latest of a series profiling Black entrepreneurs in Berlin, DW talks to Kwame "Juice" Owusu, a Ghanaian who moved to Germany as a child and who now runs an event management company.  

Sannssi Cissé I Leiter der Zusammenarbeit bei der GreenTec Capital Africa Foundation (Privat)

Sannssi Cissé

The German Guinean owns the firm Motivation Bros and tries to develop entrepreneurship and startups in Africa.  

Nana Addison-Agyei

Nana Addison

The Ghanaian German woman builds her career in beauty and tech, while speaking out against racism.  

More stories

Has Trump kept his economic promises?

US President Donald Trump (Reuters/J. Ernst)

Donald Trump promised to tear up trade deals and bring back jobs to the US rust belt lost to globalization. Pandemic aside, the American economy has boomed since 2016, but how much is down to the president's policies?  

Will German Christmas markets be canceled?

Nutcracker figures at a Berlin Christmas market (DW/S. Bartlick )

Germany is preparing for winter amidst the COVID-19 pandemic. More treatment centers and new mandatory mask rules are planned. But with Oktoberfest already canceled — will the famed German holiday attractions go ahead?  

Pandemic a disaster for Uganda's entrepreneurs

A man wearing a facemask as he looks at a wall of plastic bottles

From tackling malaria to building houses out of plastic bricks, Uganda's young social entrepreneurs are fighting the major problems facing their country. But the coronavirus pandemic is threatening their work.  

FinCEN files expose regulators' shortcomings

Dunkle Regenwolken hängen über der Skyline von Frankfurt am Main (picture-alliance/dpa/F. May)

Leaked documents have yet again exposed the failure of governments to rein in money laundering. It’s no different in Germany, where the financial regulators seem to be struggling to get their act together.  

Turkey's Aktif Bank and the porn industry

Blurred images of internet pornography (picture-alliance/empics/Y. Mok)

Shady transactions for Wirecard, the porn industry and dubious customers from Afghanistan: The FinCEN files cast the Turkish Aktif Bank in a bad light and suggest evidence of money laundering.  

New climate charter: What will it change?

RWE works in Cologne (Christoph Hardt/Geisler-Fotopress/dpa/picture alliance)

Germany has announced a new "climate charter" to help businesses achieve renewable energy goals. But with the EU's new increased targets for emissions-cutting, will Germany be able to keep up?  

OPEC at 60 — an oil cartel on life support

OPEC headquarters

The 13-member bloc of oil-rich nations is turning 60 amid a pandemic that's jeopardizing its very existence. Waning influence and a global shift to cleaner energy sources mean that OPEC's glory days are over.  

Watch video 04:14

Coronavirus costs workers trillions in losses

Workers around the world have seen their pay shrink by $3.5 trillion so far this year because of COVID-19.  

More videos

Coronavirus costs workers trillions in losses

Coronavirus costs workers trillions in losses

Bangladesh's traditional weavers struggle

Bangladesh's traditional weavers struggle

Electric truck: Battery change with forklift

Electric truck: Battery change with forklift

China raises pressure on chip giant Taiwan

China raises pressure on chip giant Taiwan

Bike boom on back of pandemic

Bike boom on back of pandemic

Young Ghanaians secure long term careers through training

Young Ghanaians secure long term careers through training

Call for closer EU regulation

Call for closer EU regulation

Police zeroes in on delivery industry

Police zeroes in on delivery industry

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