Deutsche Welle
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Elon Musk tweets false climate claim

The world’s richest man has made public statements that deny basic science about the role of agriculture in heating the planet, say experts. Elon Musk, the wealthy owner of Twitter, has falsely claimed that farming has...

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Will IMF deal end Pakistan’s economic misery?

The agreement should be viewed as a stopgap measure that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts. Irfan Ali, a 22-year-old resident of...

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WEF in China: Separating business from politics?

The World Economic Forum’s (wef) summer meeting is bringing together decision-makers in Tianjin, China. Alongside topics like AI and biotech, the conversation has focused on whether business can ignore political tensions. On the way from...

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Turkey’s central bank hikes interest rates sharply

Turkey has increased its base interest rates by a whopping 6.5%, the clearest indication yet that the unconventional economic policy dubbed “Erdonomics” might be history now in Recep Tayyip Erdogan’s new government. Turkey’s central bank delivered...

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China and Germany: A balancing act

The latest round of high-level government consultations in Berlin were friendly in tone but tough in substance. Germany needs China, but also wants to minimize its dependency. Chinese Premier Li Qiang came to Berlin with ten...

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AI: Are stock markets ready for it?

Some fear automated stock trading done by computers will fall victim to fake images generated with artificial intelligence (AI). But experts say algorithmic trading could actually be the key to market stability. On one Monday...

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OECD forecasts ‘long road’ for global economic recovery

Economic experts have slightly raised their expectations for global economic recovery based on fresh economic data. The Paris-based organization foresaw economic expansion of 2.7%, up from 2.6% in its last report in March. Despite the improvement,...

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Portugal: Water scarcity weighs on drought-stricken economy

In mainland Europe’s westernmost country, water is becoming scarce. But activists point out that Portuguese politicians continue to focus on economic activities that consume particularly large amounts of water. Around 30% of tap water in Portugal seeps...

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Erdogan’s economic woes unlikely to vanish after reelection

The Turkish lira has plumbed new depths after the reelection of President Recep Tayyip Erdogan, and inflation remains stubbornly high. Will the Turkish ruler change his unorthodox economic policies now? Since Recep Tayyip Erdogan first came to...

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Climate change could cut off the Panama Canal

To see the economic consequences of global warming look no further than the Panama Canal. There, water levels are down because of less rain in Central America. Experts fear ordinary consumers may end up paying...

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Solar power investment overtakes oil for first time

The IEA said renewable energy is expanding faster than many people realize, but it warned that investment in fossil fuels is not slowing fast enough to reach goals to slash emissions by 2050. Global investment...

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How a temperature rise of 2 degrees Celsius impacts billions

Under current climate change policies, billions will face life-threatening heat. But a global network of heat officers are tackling the problem in their own cities. About 2 billion people will live in hazardous heat conditions...