Deutsche Welle
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Brazil looks to gain from Russia’s war in Ukraine

As the world economy reels from a global slowdown amid the Ukraine war, Brazil could benefit from the multiple crises. No matter whether it’s oil, gas, lithium, food, renewable energy — Brazil has plenty of...

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German sandal maker Birkenstock heads to US stock market

Soon Birkenstocks won’t just be available at shoe stores. If its owners have their way, the German company will be trading on the New York Stock Exchange. The move to America will make its European...

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French power shift: green energy co-op takes on fossil fuels

France is looking to small, self-sustaining green power projects to solve its energy woes. Advocates say the move democratizes electricity production while reducing dependencies on fossil fuels and foreign powers. With its tranquil, tree-lined main...

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Rice prices surge as india limits exports

Rice prices have soared to the highest in a decade as India curtails exports and erratic weather wreaks havoc on Asian rice fields. It is likely to worsen food insecurity in many countries that rely...

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Fitch cuts US credit rating after debt limit battle

Months after the political tussle between US President Joe Biden and Republicans over raising the debt ceiling, Fitch downgraded the US credit rating from AAA to AA+. The White House strongly disagreed with the move....

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UK to grant new oil, gas licences despite zero-carbon aim

Britain will award hundreds of new licences to explore for oil and gas in the North Sea, its government says. Premier Rishi Sunak said it was “vital” to boost the country’s energy independence. The UK is to...

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IMF lifts growth forecast, but economic challenges persist

The IMF has said global economic growth is on track to increase somewhat more than expected. However, overall growth in 2023 remains stunted in advanced economies, and Germany’s growth is expected to contract. The International Monetary...

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Twitter: Elon Musk rebrands platform to ‘X’

Elon Musk has replaced Twitter’s blue bird logo with a white X and launched a major rebranding of the social media giant. Musk has said tweets will now be called “x’s.” Social media giant Twitter received a...

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Morocco and Western Sahara: A new conflict brewing?

With Israel recognizing Western Sahara as part of the Moroccan kingdom and a contentious fishing agreement between Morocco and the EU expiring, tensions are intensifying between the Polisario Front, Morocco and Algeria. Characterized by vast...

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EU summit with Latin America: What’s at stake?

EU, Latin American and Caribbean leaders are meeting for the first time in eight years. Free trade and climate change are on EU-CELAC summit agenda. The two-day EU-CELAC summit on July 17 and 18 in Brussels...

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African exchange rate: Sliding currencies stoke inflation

African currencies have lost ground against the US dollar this year, further driving inflation in the import-reliant region. Depleting dollar reserves have left policymakers with limited options to arrest the decline. Sub-Saharan African currencies are...

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Why the EU-New Zealand free trade deal is important

Brussels says the bloc’s trade with New Zealand could now grow by 80%. In a first for an EU trade pact, there is a section that commits both sides to targets to tackle climate change....