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Economics at dw.com

Today News

12

China lifts heavy wine tariffs on Australia amid improving ties

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China enforced heavy tariffs on Australian wine in 2020 due to political grievances, among them Australia's backing of a global inquiry into the origins of COVID-19.

10

Germany's postal service ceases domestic mail flights

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Deutsche Post will no longer use aircraft to carry letters within Germany after more than six decades of doing so. The move aims to cut costs and reduce CO2 emissions — but it will also mean slower delivery.

03

Macron says Mercosur-EU deal is 'very bad' for both sides

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French President Emmanuel Macron told Brazilian business leaders that a proposed trade deal between the European Union and South America's Mercosur bloc is outdated and needs to be reworked.

Wednesday, Mar 27

19

Lufthansa, Verdi union reach deal for ground staff

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The agreement means an end for now to mass strikes of ground personnel that had paralyzed German airports. Earlier strikes caused mass cancellations of Lufthansa flights.

14

Japan's yen dips to 34-year low against US dollar

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The Japanese yen has hit its lowest level against the dollar in decades, even after Japan's central bank announced a hike in interest rates.

11

How Nvidia's Blackwell superchip could fuel an AI revolution

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Chipmaker Nvidia has released a new superchip that it says will turbocharge artificial intelligence. Is this the start of a new power-hungry industrial revolution?

German economic institutes cut 2024 growth forecast to 0.1%

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A combined report from leading economic think tanks in Germany has revised 2024 growth forecasts from 1.2% down to 0.1%. The country is also expected to dip into a technical recession after the first quarter.

09

Thailand: Lawmakers pass same-sex marriage bill

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Thailand is on track to become Southeast Asia's first country to recognize LGBTQ+ unions. The bill, passed in the lower house, still needs Senate approval and the king's endorsement before it becomes law.

06

China's Xi Jinping meets with US executives

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Chinese authorities are seeking to spur growth in the world's second-largest economy, which is facing decreasing demand for exports. US companies in China have increasingly complained of an unfair business environment.

04

Brazil, France announce €1 billion Amazon investment plan

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The two countries say they will raise an investment fund over the next four years to protect the Amazon rainforest. Relations between Paris and Brasilia have improved since the Lula da Silva's became president again.

Tuesday, Mar 26

21

EU asks Facebook, TikTok to identify and label AI deepfakes

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The European Commission asked big social sites, like TikTok and Facebook, to clearly label political advertising and reduce "virality of content" that threatens the integrity of European elections this summer.

18

Is India doing enough to woo Tesla, other e-car makers?

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Tesla has long eyed the Indian market, but it didn't want to invest in local production until the government addressed tariff-related issues.

15

Germany: Cocoa prices ahead of Easter hit 20-year high

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Cocoa bean import prices surged by over 70% in January compared to the previous year, which could affect chocolate prices during Easter.

12

Would you eat lab-grown beef rice?

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Researchers in South Korea have created a hybrid rice with lab-grown beef cells. They say their 'beef rice' could become a sustainable source of protein.

Monday, Mar 25

21

US, UK accuse China-linked hackers of spy campaign

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US and UK officials accused Chinese hacking group APT31 — an abbreviation for "advanced persistent threat"— of targeting political figures. The US said their aim was to "repress" critics of Beijing.

18

Trump gets financial lifeline in 1 case, start date in other

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Two New York legal cases against Donald Trump developed on Monday. The GOP frontrunner will likely face trial for alleged hush-money payments before the election, but got a financial lifeline in his fraud conviction.

16

Germany rejects skills test for elderly drivers

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Many countries in Europe and around the world regularly test the driving skills of older people. But such tests are voluntary in Germany. Is that a safety risk?

15

Northvolt launches electric car battery plant in Germany

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Sweden's Northvolt hopes to make batteries for a million electric vehicles each year. Chancellor Olaf Scholz attended the groundbreaking and welcomed the project as a model for Germany and Europe's industrial futures.

14

How one German solar startup is blowing against the wind

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Dumped Chinese solar products are flooding the German market, forcing most domestic manufacturers to move abroad or close down. So why is German startup Sunmaxx expanding its production in the country?

Boeing CEO Dave Calhoun to step down by end of 2024

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Boeing's CEO will step down by the end of the year as part of a broader management shakeup at the company, which has been rocked by a series of safety mishaps in recent months.

13

EU probes Apple, Google, Meta under new digital law

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European Union regulators have opened investigations into the tech giants in the first application of the new Digital Markets Act. The tech lobby has slammed the probe as "rushed."

08

North Korea says Japan requested summit with Kim Jong Un

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Japanese Prime Minister Fumio Kishida has said high-level talks with North Korea are "important to resolve issues," such as the abduction of Japanese nationals by North Korea decades ago.

Saturday, Mar 23

US Congress pass $1.2 trillion spending bill avoiding government shutdown

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Key US government agencies will remain funded until the end of September, when the fight over the budget will start again.

Friday, Mar 22

17

Truth Social: Trump's social media company to go public

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Donald Trump's social media company is going public after shareholders approved a merger. On paper, the move could net the former US president as much as $3 billion.

15

Cannabis: German growers celebrate as hemp is legalized

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Grass, weed, cannabis: Smoking dope has become legal in Germany. A government plan to liberalize rules on recreational cannabis has cleared its final parliamentary hurdle, Who will benefit financially — and who won't.

14

India: Delhi Chief Minister Arvind Kejriwal held on remand

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Kejriwal was arrested in a probe into the alleged corrupt allocation of liquor licenses. He is the latest opposition leader detained ahead of next month's elections.

12

Desalination — can it help us survive a water scarce future?

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Desalination is known for being energy-intensive, expensive and polluting. But is it vital in regions such as East Africa and the Middle East facing increasing drought and dwindling freshwater?

07

Ukraine updates: China wraps fruitless mediation tour

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China's Eurasia envoy cited a "significant gap" between the two countries on the subject of peace talks. Meanwhile, Ukraine reported some 15 blasts in its Kharkiv region. DW has more.

Thursday, Mar 21

22

EU summit: Leaders wrap up with attention on Gaza, Russia

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The two-day summit has drawn to a close as Europe confronts hostility from Russia, as well as the humanitarian crisis amid Israel's ground invasion of Gaza.

18

Australia names BAE to build nuclear-powered submarines

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Australia will jointly build and operate a new class of submarines, SSN-AUKUS, with Britain by 2040. The AUKUS agreement was made to help counter Chinese control in the Asia-Pacific.