Economy

The economic recovery of Europe
The European economy has been harshly hit by the coronavirus crisis. In a few months, the European Union has managed to take a new step towards solidarity between its member states with the adoption of a maxi recovery plan worth 750 billion euros, financed by commonly-issued debt f for the very first time. EU leaders also approved a new seven-year European budget of 1.1 trillion euros. How will the governments of the world's second economic zone use the resources to help their countries bouncing back?
The Social Democratic (SPD) candidate for chancellor Olaf Scholz (C) is flanked by the Greens co-leader Annalena Baerbock and FDP leader Christian Lindner, following exploratory coalition talks in Berlin. Photo: Christof Stache / AFP
The Social Democratic (SPD) candidate fo... […]

Germany’s likely next coalition sketches out its plans

The three parties likely to form Germany's next government have outlined plans for Europe's biggest economy in an initial coalition agreement, touching on issues such as the minimum wage, taxes and climate protection
Protesters attend a 'Fridays For Future' demonstration for climate protection, part of a "Summer congress" in Dortmund, western Germany, on August 2, 2019. Photo: Ina Fassbender / AFP
Protesters attend a 'Fridays For Future'... […]

Climate justice: Rich nations dodge finance pledge

$100 billion a year in aid was promised over a decade ago to help developing nations curb carbon pollution and adapt to climate impacts. But rich countries haven't delivered
The "Pandora Papers" involved a leak of some 11.9 million documents from financial services firms, which were obtained by the International Consortium of Investigative Journalists (ICIJ). Photo: Loic Venance / AFP
The "Pandora Papers" involved a leak of ... […]

Offshore companies at the heart of ‘Pandora Papers’

Offshore companies are a lynchpin in the system used by leaders and the ultra-rich to hide assets that was exposed in the leaked documents dubbed the "Pandora Papers". So what are they?
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