US banks set aside $28 billion to cover loan losses from Covid-19 pandemic
16 July 2020 | 9:00 am
Three of the largest banks in the United States have dramatically increased their reserves to cover losses from unpaid loans. JP Morgan, Wells Fargo and Citigroup have together set aside $28 billion to cover bad debts in the three months from April to June. The lenders are expecting the damage from this crisis to be protracted, and unemployment in the US to remain over 10 percent until the end of the year, with knock-on effects on the repayment of loans from households and businesses.
14 Nov 2020
Civilians accounted for most of the more than 5,000 landmine deaths and injures recorded last year, according to the 2020 Landmine Monitor report. Myanmar, says the report, is the only state actor actively planting them.
22 Nov 2020
Amid falling prices of raw materials, recession, and now COVID-19, Africa is in serious trouble as debt burden grows. Zambia is on the brink of defaulting on its foreign debt as a so-called grace period expires.
16 Nov 2020
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
17 Nov 2020
French charity Secours Catholique recently published its annual report on poverty. The NGO, which helped around 1.4 million people in 2019, estimates that their median income is €537 per month, well below the poverty line in France. Due to the Covid-19 crisis, people across job sectors have been left with little or no work, with many households slipping into poverty as a result. Our colleagues at France 2 report, with FRANCE 24's James Vasina.
2 Jan 2021
DW correspondent Sergey Satanovskiy is participating in the Russian Sputnik V COVID-19 vaccine trial. He does not know whether he is receiving the actual vaccine or a placebo. This is the second part of his report.
1 Feb 2021
DW's Sergey Satanovskiy was one of many people who took part in a testing program for the Russian COVID-19 vaccine, Sputnik V. After receiving two shots, he visited his grandmother and contracted the coronavirus.
10 Feb 2021
The brewer Heineken is cutting 8,000 jobs around the world, around 10 percent of its current workforce. The Dutch company reported losses of €204 million for 2020, as Covid-19 restrictions shut down much of the hospitality sector over the past year. Also today, we look at President Joe Biden's efforts to win support from business leaders for his $1.9 trillion economic rescue plan. He hosted several top CEOs for a meeting in the White House on Tuesday, along with Treasury Secretary Janet Yellen.
16 Feb 2021
"It's not a Messi-Mbappé duel," says Ronald Koeman, on the eve of the Champions League last 16 first leg final against PSG.
17 Feb 2021
A recent report by the Economist Intelligence Unit on the state of democratic freedoms has downgraded France to a "flawed democracy", as civil liberties in rich and poor countries alike come under attack amid Covid-19 restrictions. We discuss the delicate balancing act of protecting individual freedoms in the midst of a global health crisis with the report's author Joan Hoey, Europe Editor at the Economist Intelligence Unit. She says that although "nobody has put forward a convincing alternative to the policy of lockdowns and social distancing", checks and balances remain essential.
7 Mar 2021
Russia is offering its Sputnik V COVID-19 vaccine for free to citizens. In Moscow, where infection rates are high, widespread vaccination is seen as the way out of pandemic restrictions. Muscovites can even get the jab on a shopping trip.
24 Mar 2021
As Europe struggles with vaccine shortages, Russia's COVID 19 vaccine Sputnik V is widely available. But the country's vaccination campaign has a trust problem — one even the Russian president may not be able to solve.
29 Mar 2021
Rich countries need to share their Covid-19 vaccines evenly amongst the entire global population, or else the coronavirus will never go away. That's the message from the organisation The ONE, which campaigns to end extreme poverty and preventable disease. The NGO has created a series of films called "Pandemica" to highlight the argument that if Covid-19 is not tackled universally, it will continue to mutate and cross borders. We spoke to the deputy director of The ONE in France, Maé Kurkjian.
1 day ago
Two court rulings in Turkey regarding a femicide case, as well as the legality of the country's exit from a key accord against gender-based violence, are being closely watched by women's rights groups.
1 day ago
Ukraine is facing the challenge of demining territory invaded by Russia. Now it will receive help from the Colombian military, which built its expertise fighting guerilla groups. DW's Johan Ramirez met soldiers who will lend Ukraine their know-how.
1 day ago
Several Western European countries are facing a sweltering weekend as summer arrives early. Much of Spain, France and Italy have been put on high alert for wildfires.
1 day ago
French prosecutors said on Wednesday they were investigating a junior minister in President Emmanuel Macron's government after two allegations of rape were brought against her.
1 day ago
French politics continues to dominate the papers as Emmanuel Macron desperately seeks an alliance to secure a parliamentary majority. The US Senate finds bipartisan support for new gun possession laws for the first time in 30 years. Organisers of the Miss France beauty pageant introduce radical new changes to shake up the contest. Finally, a man escapes his kidnappers by driving erratically on a highway in order to be stopped by authorities.
1 day ago
Noise rang out across Senegal's capital Dakar on Wednesday evening as people honked car horns and banged on pots and pans in an unusual form of protest organised by the political opposition ahead of legislative elections next month. Senegal's main opposition coalition, Yewwi Askan Wi, asked its supporters to come to their windows, balconies and doorways and clang lids together at 8pm to signal their anger over the disqualification of their candidates list in the upcoming poll.