In a bid to transform India’s economy, PM Narendra Modi has pledged unlimited reforms at a summit in Gujarat. DW speaks to economist Rajiv Biswas about the likelihood of “Modinomics” succeeding across India. Speaking at...
The European Union’s new rules for calculating GDP come into effect Sept. 1 and include revenue from prostitution, drugs and weapons trading. The new standards could also make debt levels seem lower than they really...
Dave Hakkens has a vision: an eco-friendly smart phone that can be assembled out of different blocks. He wants to change the electronics industry by making it sustainable. When Dave Hakkens’ camera stopped working because...
Eugene Fama, Robert J. Shiller and Lars Peter Hansen dare to predict the future. Now they were awarded the Nobel Prize for their research on how to predict shares and index developments. “This years’ prize...
Taiwan’s Foxconn group has said some of its student interns worked overtime and night shifts, in violation of company rules. The firm has been embroiled in a number of scandals regarding poor working conditions. Taiwanese...
Revenue at Samsung Electronics jumped in the third quarter of 2013 as the world’s largest technology firm sold more smartphones than ever before. A rebound in memory chip prices also boosted the record result. Samsung’s...
Emerging economies in the Asia-Pacific region are losing steam, which has prompted the Asian Development Bank to sharply cut its growth forecast. The bank calls for more financial stability and reforms. Gross domestic product (GDP)...
The global trade with counterfeit drugs is booming – it’s an extremely lucrative business with potentially lethal side effects. Cross-border cooperation is trying to curb the deadly trade. The counterfeiters are unscrupulous: Painkillers are made...
The German engineering giant Siemens has said it plans to cut 15,000 jobs from its workforce by the end of 2014. However, the company has said it hopes to make the cuts without actually putting...
Spain’s government has presented its most pain-free budget in many years, banking on a nascent economic recovery gathering steam in 2014. Nevertheless, Prime Minister Rajoy still needs to dole out some bitter pills. Based on...
Scientists in California say they have built a functioning microscopic computer made of carbon “nanotubes” instead of silicon. The step could lead to faster, ever-smaller electronic devices. Stanford University researchers said they have overcome downsizing...
Activist investor Cevian has raised its stake in struggling ThyssenKrupp, claiming the German steelmaker is undervalued. However, it’s unclear if the Anglo-Swedish firm will not eventually seek to split up ThyssenKrupp. Cevian has raised its...
