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Calais chaos hits European freight companies

ImageHundreds of billions of euros worth of goods are transported through the French port of Calais every year. But a migrant crisis and striking port workers have made business for freight operators there much harder.

United States

Obama climate plan derided by Republicans, hailed by green groups

US President Barack Obama's plan to cut carbon emissions from US power plants has been hailed as visionary by the UN, EU and environmental groups. Republicans have vowed to do whatever it takes to halt the measures.

United States

Puerto Rico fails to make loan payment; Moody's calls it a default

The US territory of Puerto Rico has defaulted on a bond payment, according to ratings firm Moody's. The Caribbean island had been struggling with a debt crisis.


UK begins selling shares in RBS

The British government has begun selling its shares in the bailed-out Royal Bank of Scotland, seven years after it acquired a majority stake in the embattled financial institute at the height of the financial crisis.


What does China's manufacturing slowdown mean?

A key private survey shows that Chinese manufacturing slowed to a two-year low in July, dashing hopes the economy may be steadying. DW examines the reasons for the slowdown and its impact on economic performance.

Auto Industry

BMW earnings hit by weak Chinese market

German luxury carmaker BMW has seen its profit drop in the second quarter as demand in the world's largest auto market, China, slumped markedly. But the company said it relied on a speedy rebound there.


EU, Vietnam to finalize free trade deal

The European Union and Vietnam have announced a free trade deal that, in principle, will eventually see almost all import tariffs lifted. Only technical details are left to be sorted out in the weeks ahead.

European Union

S&P downgrades EU outlook on Greece, UK

US ratings agency Standard & Poor's has changed its outlook for the 28-member European Union to "negative." It said the decision came amid growing concerns over Greece's debt load and a possible Brexit.


Major US airlines ban transport of hunting trophies

Three US airlines have announced that they will no longer accept lion, leopard, elephant, rhino and buffalo trophies as cargo. The move comes after an American dentist killed a well-known lion in Zimbabwe last month.


Gamescom: Gaming industry surging ahead

The German city of Cologne is all set to host Gamescom, the biggest computer and video game event in the world. DW takes a look at the worldwide digital games market and new developments in this fast-growing sector.


Greek banking stocks plunge again

Greece's banking stocks have plunged for the second day in a row, almost reaching the 30 percent daily limit for losses only minutes after trading began. That limit was reached Monday, compounding Athens' financial woes.

Auto Industry

Toyota's quarterly profits jump

Japanese carmaker Toyota has logged a marked rise in first-quarter profits despite slightly lower unit sales in the new fiscal year. Production cost reductions helped the company secure solid results despite recalls.


In landmark verdict, 'Rain Man' is found guilty

His math skills earned him respect - and money. But now the once sought-after trader Tom Hayes has been convicted of rigging a benchmark interbank interest rate. He says he was just a fall guy.


US consumer spending slows in June

The amount of money consumers in the US spent in the month of June has increased at its slowest rate in four months, dragged down by flagging demand for cars and other long-lasting goods.


Former trader Hayes found guilty in world's first Libor trial

Tom Hayes, a former derivatives trader from Britain, has been sentenced to 14 years in prison for manipulating an important interbank interest rate. It was the first conviction of its kind in the world.


An unsurprising sell-off in Athens

It happened just as predicted. The Athens Stock Exchange re-opened after being forced to shut down for weeks - and took a nosedive. But what does that mean? An analysis from DW's Henrik Bohme.


Sieren's China: Silk against sand

China's "New Silk Road" project is supposed to prevent further land desertification. And DW's Frank Sieren thinks it's worth a shot.