Economy News - LeadStory

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Pakistanis cashing in on a solar surge

Electricity in Pakistan is expensive and unreliable. Could turning to solar power help overcome these challenges?

DW News

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Bangladesh curfews, internet blackout batter economy amid protests

During a nationwide curfew and with the army on the streets, an unlikely group of people gathered at Bangladesh Prime Minister Sheikh Hasina’s office with demands – not student protesters who have been seeking an end to job quotas, but i...

Al Jazeera

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Tiny insect devastates Tunisia's prickly pear industry

A tiny insect, known to some as the prickly pear cochineal, is ravaging Tunisia’s prickly pears, a critical source of revenue for the North African country's agriculture sector and economy.

Reuters

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Mallorcans live in caravans as tourists snap up housing

A number of Mallorcan residents are resorting to living in caravans parked in makeshift camps as they are priced out of the housing market partly due to a tourism boom on the Spanish holiday island.

Reuters

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France's poorest area hopes to reap Olympic benefits

Seine-Saint-Denis, where the Athletes' Village and the main athletics stadium for the 2024 Summer Olympics are situated, is the poorest area in France and is hoping to reap benefits from the sports extravaganza. President Macron and Inte...

France 24

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Argentinians scan their eyes in return for cryptocurrency

More than half a million Argentinians have had their eyes scanned in return for cryptocurrency. It's part of an online biometrics project known as Worldcoin. The company says the project protects human identity. But some countries have r...

Al Jazeera

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Indians flock to cram schools hoping to secure government jobs

Crammed into a classroom in the Indian city of Prayagaraj, students cram for a variety of exams, including the prestigious civil services exam, in which passing it is needed to get a job as a federal government bureaucrat.

Reuters

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Bangladesh court scraps most job quotas on government jobs

Bangladesh's Supreme Court has scrapped most of the quotas on government jobs that had sparked nationwide protests by students that have killed at least 114 people in recent days.

Reuters

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Homeless people ordered off Cape Town's streets

Poverty, unemployment and housing shortages are some of the reasons why people are on the streets of Cape Town.

Al Jazeera

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Sri Lanka recovering from catastrophic default

The economic situation in debt-stricken Sri Lanka has started to improve according to the president. The country is recovering from major financial challenges which led to mass protests and a political crisis two years ago following a de...

Al Jazeera

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French businesses' revenues dropping ahead of the Paris Olympics

As the 2024 Olympics will begin in Paris, many French businesses were hoping the event would bring a boom. For some, however, located in the very center of the city, revenues are dropping ahead of the event because of security restrictions.

France 24

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Global cyber outage continues to grounds flights, banks, hospitals

A faulty software update continues to cause technological havoc worldwide, grounding flights, knocking down some financial companies and news outlets, and disrupting hospitals, small businesses and government offices.

France 24

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Deaths mount in Bangladesh protests over government jobs quota

Police imposed a strict curfew across Bangladesh and military forces patrolled parts of the capital to quell further violence after days of clashes over the allocation of government jobs left several people dead and hundreds injured.

France 24

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Massive IT outage causes disruptions worldwide

A massive computer outage has disrupted businesses and institutions in multiple countries, throwing airports, airlines, rail companies, government services, banks, stock exchanges, supermarkets, telecoms, health systems and media outlets...

Al Jazeera

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Almost 2,000 Thailand factories have closed in past year

Thailand's manufacturing sector is taking a hit with almost 2,000 factories closing in the past year. The economy may slow down even further in the coming months, as industries struggle with rising costs and increasing competition from C...

Al Jazeera

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Push in Europe for higher taxes on wealthy amid rising inequality

Inequality in Europe has been rising, with the rich getting richer and more people falling into poverty. Also rising: frustration. Now, even wealthy people are calling for higher taxes. They're saying there are plenty of reasons, some se...

DW News

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China economy slumps as top party officials meet

Chinese authorities said the country's economy had expanded by just 4.7 percent in the second quarter, some of its slowest progress in years and a sign that official efforts to revive growth were not working. The grim data came the same ...

France 24

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China's Q2 GDP grows less than forecast

China's economy grew much slower than expected in the second quarter, as a protracted property downturn and job insecurity knocked the wind out a fragile recovery, keeping alive expectations Beijing will need to unleash even more stimulus.

Reuters

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Palestinians strike in West Bank after killings by Israel in Gaza

Palestinians in the occupied West Bank are observing a general strike in protest against Israel’s war on Gaza, denouncing attack on a designated safe zone of al-Mawasi that killed at least 90 people and injured some 300 others.

Al Jazeera

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UN chief Guterres calls for funding for Gaza aid agency

The United Nations chief appealed for funding for the beleaguered UN agency helping Palestinian refugees in Gaza and elsewhere in the Middle East, accusing Israel of issuing evacuation orders that force Palestinians “to move like human p...

France 24

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Thousands lose jobs as Argentina's economy struggles

Tens of thousands of people have lost their jobs as Argentina's economic crisis deepens. President Javier Milei's stringent austerity measures include significant cuts to government spending and the re-laxation of labour laws to attract ...

Al Jazeera

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Aging world: In Japan, adult diapers outsell baby ones

More companies in Japan are moving from producing diapers for babies and switching to adult customers, a move in line with the country’s declining birth rate and ageing population.

Reuters

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Ambani mega-wedding highlights India’s stark wealth gap

Justin Bieber is just the latest superstar to perform at lavish pre-wedding festivities for Indian billionaire power couple Anant Ambani and Radhika Merchant. The opulent celebrations have captured global attention and raised questions a...

CBC News

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Thousands of Palestinians in West Bank face poverty

Thousands of Palestinians in the occupied West Bank face poverty after Israel revoked work permits following the October 7 Hamas attacks. In addition, because of inflation and slower truck routes, everything is more expensive.

DW News

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Analysis shines new light on weight loss drug use

Only one in four U.S. patients prescribed Novo Nordisk’s Wegovy or Ozempic for weight loss were still taking the popular medications two years later, according to an analysis provided to Reuters that also showed a steady decline in use o...

Reuters

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Argentine provincial governors back Milei's austerity program

Argentina's President Javier Milei and the governors of 18 provinces have signed a pact in a push broaden support for his economic reform program. The signing took place on Independence Day as the country deals with its worst economic cr...

Al Jazeera

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South Africa transitioning to green energy

Several coal-fired power stations in South Africa are scheduled to close in the next six years, part of its transition to green energy. This means further job losses in a country with an already high unemployment rate.

Al Jazeera

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Rwandan luxury restaurant boom highlights economic inequality

Rwandans will go to the polls next July 15 and the incumbent president, Paul Kagame, the only strong favorite, has continually praised his economic record during the campaign. But the inequalities among residents are among the highest in...

France 24

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Nine months of war decimates Gaza's economy

Nine months into Israel’s war on Gaza, its economy lies in ruins. Factories and businesses are reduced to rubble. The UN reports a nearly 25 percent shrink in Gaza's GDP last year, with record unemployment and increased reliance on aid.

Al Jazeera

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Ozempic changing eating habits; food companies take notice

With more people using drugs like Ozempic and Wegovy for weight loss, food companies are paying close attention and trying to adapt to changing shopping and eating habits.

CBC News