Misery for Venezuelans on migrant trail
01 October 2018 | 1:54 pm
More than two million Venezuelans have left their country since 2014, fleeing political and economic turmoil. Other countries in the region say they are overwhelmed by the mass exodus. DW's Ofelia Harms caught up with some Venezuelans in Colombia.
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China is increasingly becoming a key trading partner for Germany. But is it a good economic partnership? DW takes a look from Berlin to Beijing and talks with the German Chambers of Commerce in Beijing.
Sri Lanka is deep in crisis and many people are barely able to afford fuel and food. The state lacks the money to help, and it is the poorest who are suffering the most. People like tea picker Nagamma and her family.
The agreement should just be viewed as a "stopgap" that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts.
As protests against Israeli PM Benjamin Netanyahu's revised plans to reform the courts flare up, we take a look at the impact the controversy has had so far on the country's economy. The Israeli tech sector, which represents 15 percent of GDP, is among those most opposed to the plan. Also in this edition, FRANCE 24's Yinka Oyetade takes a look at how China's youth is turning to street vending in a context of high unemployment.
The removal of fuel subsidy and subsequent increase in fuel price from about NGN180 to NGN500 in June by the current administration hit businesses and individuals across Nigeria in no small measure. But as of today, prices of fuel have taken another drastic increase from NGN500 to over NGN700. Already, NNPC filling stations across the country have adjusted and started dispensing at NGN617.
Sri Lankan President Ranil Wickremesinghe discussed potential joint infrastructure projects, including building a land bridge across the Palk Strait, during an official visit to India.
A nationwide strike called by Nigeria's labor unions to protest against the removal of a petrol subsidy and demand a new minimum wage got off to a slow start on Wednesday as most businesses were open, though with reduced traffic in some spots.
Germany's industrial output has dropped significantly, with the country's economy ministry warning that, amid a pessimistic outlook, there are no signs of light at the end of the tunnel.
The Philippine government summoned China's ambassador on Monday and presented a strongly worded diplomatic protest over the Chinese coast guard's use of water cannons in a weekend confrontation with Philippine vessels in the disputed South China Sea, officials said.
History shows the economic impact of technological advances is generally uncertain, unequal and sometimes outright malign.
As BRICS leaders meet in Johannesburg on Tuesday, they will be sure to discuss ways to increase commercial exchanges within the bloc of emerging economies comprised of Brazil, Russia, India, China and South Africa. The group, which represents 16% of global trade, will also look to encourage the use of local currencies in exchanges. However, the Brazilian idea of creating a common currency for the bloc appears to now be on the back burner.
As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many to emigrate. While incumbent President Emmerson Mnangagwa has played up improved infrastructure on the campaign trail, his opponent Nelson Chamisa detailed a plan that he says will build Zimbabwe into a $100 billion economy.
28 mins ago
The Israeli press celebrates the release of 11 more hostages, as the media in the Arabic world focus on the Gaza ceasefire and release of 33 Palestinian prisoners. Meanwhile, Elon Musk's visit to Israel is met with disgust by one newspaper.
29 mins ago
Kissinger was a contentious figure in US foreign policy, playing a key role during the war in Vietnam, and in solidifying US-China relations, while serving as secretary of state and national security advisor.
5 hours ago
The National Stadium, Surulere, which was once Nigeria's imperial beauty and was built in 1972 by General Yakubu Gowon, has become an abandoned relic as of April 2023.
6 hours ago
Virgin Atlantic's Flight100 landed in New York on Tuesday, making the journey from London without using fossil fuels, thanks to a mix of renewable biomass and waste fats. This "sustainable aviation fuel" reportedly reduces life-cycle emissions by up to 70 percent but still emits CO2, as FRANCE 24's Bryan Quinn explains.
6 hours ago
Household Consumption accounted for the largest share of real Gross Domestic Product at market prices in the first and second quarter of this year according to data from the National Bureau of Statistics. Femi Oladehin, Partner at Àrgentil Capital Partners joins CNBC Africa to unpack the numbers and drivers of inflation in Nigeria.
1 day ago
Tonight we focus on the latest events in Guinea-Bissau. The army maintains order has been restored in Bissau following gun battle between army factions. Violence broke out last night after national guard soldiers freed an opposition minister and continued until Friday morning.
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