Turkish President Recep Tayyip Erdogan also says his country will extend use of Russia’s Mir payment system. His announcements came after meeting with Russian leader Vladimir Putin in Sochi. Turkey will switch part of its...
While Russian gas can be replaced with other forms of energy, microchips made in Taiwan cannot. The country’s chip giant TSMC has attained a global market dominance of truly systemic proportions. But why is that?...
A string of record-breaking profit reports from the world’s largest oil companies has raised eyebrows, given that consumers around the world are grappling with a worsening energy crisis. The global energy crisis and high inflation...
European demand has kicked the US LNG industry into high gear, but its capacity is too low and the climate is being caught in the crossfire. As Europe weans itself off Russian energy as punishment...
Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions, despite Moscow downplaying the effect. Sanctions on Russia are taking a heavy toll on the economy, despite Moscow’s assertion that the...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
Colombia’s president-elect Gustavo Petro will take up his office on August 7th. He is trying to bring together a coalition of politicians to make sure he can get through his economic, tax and land reforms....
The bank has ended an era of negative interest rates with a higher-than-expected hike. The move could put a brake on rising prices but might also dampen economic growth. The European Central Bank on Thursday raised its key...
An industrial park in Skive is trying to solve two of the most urgent problems in Western societies: climate change and the effect of urbanization on rural areas. A pilot project is showing circular economy...
As the euro slumps to parity with the US dollar, currency traders say the slide is unlikely to stop there. While a weakened euro should worry European consumers, US travelers visiting Europe could benefit. The...
After pushing for greater reliance on Russian gas, the German utility giant Uniper has asked for a bailout amid a growing energy crisis. DW explores whether tax payers should bear the brunt of a bad...
As President Recep Tayyip Erdogan has refused to allow interest rate rises, Turkey steps toward capital controls to support its national currency, the lira. Analysts say an economic slowdown may be on the way. Turkey,...