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Will coronavirus pandemic finally push emerging economies into crisis?

As a result of the COVID-19 pandemic, emerging economies are suffering from an unprecedented slowdown in investment, trade and tourism. Economists fear that many countries will go off the rails. It was even worse than after the collapse of Lehman Brothers in 2008. As the COVID-19 pandemic spread across ... Read full article »

Coronavirus pandemic sparks Greek house-hunting frenzy among foreigners

Greece has come through the coronavirus pandemic relatively unscathed. Athens now hopes to welcome back vacationers, but increasingly foreigners are looking to pick up a home or investment property under the sun. The COVID-19 pandemic may have dealt Greece's tourism a devastating blow, but it is ... Read full article »

Sailors around the world stranded because of coronavirus pandemic

Globally many thousands of seafarers are stuck on their ships. They cannot go home because of the coronavirus crisis and the situation is creating a backlog in the global shipping industry. In the Arctic, a German research vessel drifts through the northern Arctic Ocean frozen in ice. Named "Polarstern" ... Read full article »

'Tax us more': Millionaires urge governments to raise taxes to fund coronavirus aid

Over 80 of the world's wealthiest individuals have called for higher taxes on the rich in order to fund the coronavirus recovery. In an open letter, the group Millionaires for Humanity said charity is not the solution. A group of 83 millionaires from seven different countries called for higher taxes ... Read full article »

Is flying in India safe amid surge in coronavirus cases?

As Indians board domestic flights, protocols are being put in place to protect passengers from COVID-19. However, some travelers say they feel unsafe as rules are ignored and airlines play down health risks. After India resumed domestic flights on May 25, aviation authorities assured the public that ... Read full article »

Offshore US wind power blown on course

Investments in US offshore wind projects over the next decades are set to catch up with US offshore oil and gasoline investments. In only four years the sector has grown from scratch to a big deal. Investment in US offshore wind projects are set to hit $78 billion (€69 billion) this decade, in contrast ... Read full article »

Women from Kenya and Nigeria in running for WTO's top job

A Nigerian woman and a Kenyan woman are among seven candidates to become the next director-general of the World Trade Organization. The others come from Egypt, South Korea, Mexico, Moldova and Britain. Nigeria's Ngozi Okonjo-Iweala, a development economist and former finance minister (left in photo), ... Read full article »

World Wealth Report: Germany's dollar millionaires on the rise

The number of Germany's dollar millionaires rose by 100,000 in 2019, according to the World Wealth Report. The US had the biggest upturn, although the coronavirus crisis could change the upward trend. The number of people in Germany with a fortune in excess of $1 million (€882,000) grew rapidly ... Read full article »

Is compulsory licensing of remdesivir a feasible option?

Bottlenecks in the production of antiviral drug remdesivir have led to policymakers threatening compulsory licensing and economic sanctions. It's a foretaste of what may come when a coronavirus vaccine becomes available. Last Friday, the European Union allowed the use of remdesivir to treat COVID-19 ... Read full article »

Could 400,000 car industry jobs in Germany be lost?

The car industry is in apparent decline in Germany. Some estimates predict that half its 800,000 jobs will be gone by 2030. The industry disagrees with that estimate, but the road ahead looks bumpy. According to the German Federal Bureau of Statistics (Destatis), around 830,000 people were directly employed ... Read full article »

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