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USA New York | Citigroup-CEO | Jane Fraser

Citigroup CEO says 'accelerate green transition'

Ahead of COP26, Citigroup chief executive Jane Fraser told DW she hopes the upcoming UN Climate Conference in Scotland will produce a framework to support the green transition in the developing world.  

Two men stand on a shiny metal tanker truck

Soda smugglers circumvent Portugal sugar tax

A Portuguese tax on sugar has led to a new group of organized criminals smuggling soda over the border from Spain.  

Flamanville nuclear power station in France

French small reactor plans under fire

Although France plans to invest in small modular nuclear reactors, experts doubt that this is ecologically and economically sensible. Yet it may be more about geopolitical strategy than energy.  

The Deutsche Post headquarters

Privatization of state assets: Who wins?

India is in the process of privatizing large state-owned companies and many people are wondering what advantages and disadvantages this will bring. A look at Germany reveals who the winners and losers could be.  

Woman cleaner in white jacket pushing cleaning cart along a hall

Minimum wage to feature in coalition talks

Germany is relatively new to the list of countries with a minimum wage. Now, government coalition talks are considering raising it without using the country's independent expert commission. There are pros and cons.  

Gas stove

Energy price hike problem to be resolved soon?

The steep increase in energy prices in Europe and elsewhere has been bad news for households and companies alike. The IMF's Alfred Kammer is confident the situation will ease before long.  

Jens Weidmann

Bundesbank chief Weidmann resigns early

The ECB's longest-serving council member and chief of the Bundesbank has remained skeptical of asset purchases and sustained ultra-low interest rates. His exit comes amid heated debate about the future of ECB policies.  

Woman wearing mixed reality smartglasses

What exactly is 'the metaverse'?

Facebook has announced major investments in "the metaverse," a virtual reality that could one day coexist alongside the physical world. DW breaks down what it is — and how you might already be in it.  

Young Spaniards during protests against high unemployment in Puerta del Sol Madrid

Spain props up the young and desperate

A grave lack of state support programs has driven many young Spaniards to despair in recent years, which were marked by multiple economic crises. As students are suffering the most, efforts are underway to help them.  

Laptops piled up in the trash

Patents to tackle plastic waste on the rise

As the use of plastic increases, scientists and inventors are looking for ways to get a handle on the problem of plastic waste. Recent patent data points to promising innovations, especially from Europe and the US.  

Chinese area area hit by power restrictions

China reaches for strategic power cuts

Blackouts and power cuts in the world's second-largest economy have drawn attention to fuel supply problems that could complicate the country's pandemic recovery. DW unpacks why the lights went out in China.  

Lebanon's new government

Can Lebanon's talks with the IMF succeed?

The new Lebanese government is to resume negotiations with the IMF after talks stalled 13 months ago. Success, however, is not guaranteed, warn some experts.  

A Renault Kangoo

Africa begins to emerge as car industry hub

After the European car industry moved much of its production into Eastern Europe, some believe the next step is Africa, both for production and a growing consumer market. Should Germany's eastern neighbors be worried?  

A fuel station in Munich

Why the search for stagflation on Google?

The interest in the economic event has reached a 13-year peak, according to Google data. The curiosity is being fueled by high energy prices and unceasing shipping snarls that have left many unnerved about their future.  

A coal stockpile in Indonesia

Coal crunch: Asia faces winter of discontent

China and India are struggling to obtain enough coal to get through the winter and power their pandemic recoveries. Soaring prices are exacerbating the energy crisis and raising urgent questions about climate goals.  

Row of wind turbines in desert

IEA: Global emissions reduction 'too slow'

The International Energy Agency has long been accused of undermining climate action. Now, ahead of a global climate summit, it has called on governments to make stronger commitments.  

EU, UK flags

EU-UK tensions hit boiling point

Less than a year since the EU and UK struck a post-Brexit deal, the sides are apparently preparing for a trade war. Tensions over the Northern Ireland Protocol have pushed things to the brink.  

Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port

IMF cuts global economic growth outlook

The revision comes as the post-pandemic recovery falters in advanced economies, including the US and Germany. The IMF has kept its growth forecast for 2022 unchanged but has warned of "dangerous" divergent recoveries.  

News in Brief
Real Madrid's Keylor Navas celebrates with the trophy after winning the UEFA Champions League in 2017 against Juventus

Super League clubs plan lawsuit against UEFA

The clubs, which had hoped to stop other teams being promoted or relegated, accuse soccer chiefs of seeking a monopoly.  

China Evergrande Group - Evergrande Royal Scenery housing complex in Beijing

China tries property tax to fix housing problem

China has long considered imposing such a tax to control the property bubble and curb housing speculation.  

BMW aims for Tesla with i4 mass production

The i4 BMW car model being shown at the Barcelona International Motor Show in Barcelona, Spain

The carmaker is striving to compete with Tesla by not using so much aluminium. BMW want half its new cars to be electric by 2023.  

Saudi Arabia aims for 'net zero' by 2060

An oil field in Saudi Arabia

Despite plans to cut its green house gas emissions, the oil-rich nation will continue to aggressively pump and export fossil fuels to consumers around the world.  

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US and EU agree to end digital services taxes

Google logo on office building in Irvine, California

France, Austria, Italy, Spain and Britain have agreed to withdraw digital services taxes on US tech giants in 2023, while the US will drop retaliatory punitive tariffs.  

Germany's Flixbus acquires US Greyhound Lines

Flixbus parked in danish capital Copenhagen Denmark

FlixMobility, a German coach and rail company, will buy Greyhound Lines from its British parent company. The sale marks a major step forward for the bus service in US, the company said.  

Netflix staff walk out to protest comedy special

People protest outside the Netflix building on Vine Street in the Hollywood section of Los Angeles

Dozens of Netflix employees joined protests outside the company's Los Angeles office. Counterprotesters soon showed up to push back against the rally.  

Fed reports supply snarls and rising inflation

The US Federal Reserve Bank

The US Federal Reserve's "beige book" on economic conditions reports pandemic-related uncertainty. Supply bottlenecks and labor shortages have slowed US growth and contributed to inflation.  

UK and New Zealand ink trade deal

A close up of grapes in a vineyard in South Island, New Zealand

The UK and New Zealand have inked a trade deal that eliminates tariffs on a wide range of goods. New Zealand said it was one of the best deals ever while the UK hopes for entry into Pacific trade partnership.  

Axel Springer draws fire for covering up scandal

Julian Reichelt Chefredakteur Bild Digital

Bild tabloid Editor-in-Chief Julian Reichelt was fired after The New York Times detailed misconduct toward female employees. The case is now making waves internationally.  

Fossil fuel output far too high

An image of a coal processing plant

Major economies will burn more than double the coal, oil and gas in 2030 than hoped for to prevent the worst effects of climate change. The UN called for cuts of emissions, by nearly 50%, to meet climate goals.  

IMF announces exit of chief economist

IMF chief economist Gita Gopinath

The International Monetary Fund (IMF) has announced the departure of chief economist Gita Gopinath. She will return to Harvard after serving as the fund's first female chief economist.  

Perspectives
Fuel prices on display at a gas station

Will energy become unaffordable?

The rates for electricity, gas and fuel are skyrocketing. German consumers are already rubbing their eyes in disbelief. And there's little to suggest it will improve anytime soon, writes DW's Henrik Böhme.  

More stories

Dubai plans to build infrastructure in Kashmir

A Kashmiri Muslim walks along with his bicycle as an Indian soldier stands guard

Dubai's accord with the Indian government to build infrastructure in Jammu and Kashmir comes at a time when the volatile Himalayan region is witnessing a resurgence in violence.  

Facebook facing regulatory scrutiny in India

Facebook Logo

An investigation suggests that Facebook has selectively chosen what hate speech it wants to shut down in India. Whistleblower Frances Haugen's disclosures come as she is set to appear before British lawmakers.  

Will Germany rethink nuclear exit?

Protesters' flags flying at the power station in Grafenrheinfeld

Energy prices are soaring globally, and Germany's neighbors are building new nuclear reactors.  Some want to revisit the commitment to go nuclear-free.    

Queries over Google’s investment in Africa

A Google App.

Experts question whether Google's planned $1 billion investment in Africa stands to benefit the continent in the long term. Instead, some see it as another avenue for big tech companies to acquire budding start-ups.  

How farm lobbies undermine green agriculture

Seasonal workers harvest turnip cabbage at a farm in Nuremburg, Germany

Farmers and lobby groups are split on an EU agricultural reform that may increase farmers' incomes and consumers' prices. A DW joint report reveals a rift between farmers and the groups purporting to represent them.  

Taliban road projects stall on lack of funding

A dusty road leading into Salang Tunnel and Salang Pass

The Taliban have boasted that they will begin fixing Afghanistan's crumbling roads, but work cannot move forward without the now suspended foreign aid payments that kept former projects afloat.  

German sex workers oppose law to 'protect' them

Sex worker rights protesters in 2020 hold up a sign saying sex work is real work

It has been five years since the German government enacted the prostitution protection act. Lawmakers say it protects vulnerable people; many sex workers say it is discriminatory, stigmatizing and has increased risks.  

How Japan keeps its elderly employed and active

Elderly people walk street in Sugamo, a popular shopping district among the elderly in Tokyo

Instead of using retirement to relax, many Japanese prefer to put their skills and knowledge to the best use for society, and have gone back to work. They say that staying at work keeps them mentally and physically fit.  

Fixing Germany's housing crisis not easy

An apartment block in Berlin next to the TV Tower

Population growth, bad decisions, slow construction, competing demands: These are just some of the causes of Germany's housing crisis. The problem is complex, and proposed solutions can have unintended consequences.  

Residents take a peek at Tesla's Gigafactory

Tesla CEO Elon Musk appearing on a stage during a day of open doors at the company's newly built Gigafactory in Grünheide, Brandenburg

In a charm offensive to strengthen support for its plant near Berlin, Tesla has staged a county fair for locals. The huge plant has yet to receive a final permit from authorities on the ground, Hardy Graupner reports.  

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 03:52

Erdogan aims to 'boost growth' with lira fall

The lira extended its fall into record-low territory after Erdogan had pushed the central bank to cut interests rates.  

More videos

Türkei Istanbul | Geldwechselgeschäft | Türkische Wirtschaft

Erdogan aims to 'boost growth' with lira fall

Electric Brands unveils solar-powered vehicle

Electric Brands unveils solar-powered vehicle

Car bodies

Chip shortage hits auto industry suppliers

Cannabis

Canada a model for German cannabis legalization?

Thermostat

Spaniards afraid of rising energy prices

China Evergrande Group

Evergrande shares plummet as unit sale fails

Afghan worker in a Lausitz company

German firms in search of foreign talent

Truck leaving company

Trucker shortage hits EU logistics

Program Highlights

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Globalization Magazine

Reports from around the globe  

Watch video 13:00

DW Business – Africa

Report: Africa to see less funding for fossil fuels - Nigeria introduces eNaira digital currency  

Technology

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