Economic Development
Why is Donald Trump concerned about BRICS and declaring it 'dead'?
Trump is concerned about BRICS primarily because of de-dollarization efforts - attempts by member countries to reduce dependency on the US Dollar for international trade and reserves. This perceived threat to dollar dominance prompted Trump to declare BRICS 'dead' and threaten 100% tariffs on its members. BRICS has expanded beyond its original five nations to include countries like Egypt, Iran, and the UAE, now representing over 31.5% of global GDP, surpassing the G7's 30%. This economic influence threatens US financial hegemony, though many BRICS members maintain strong ties with Western nations while seeking to reform the global financial system.
Watch clip answer (02:02m)
WION
00:01 - 02:03
What role do Indians play in Oman's society and economy?
Indians represent one of the largest expatriate communities in Oman and serve as a living bridge between India and Oman, exemplified by families like the Kimjis who proudly maintain connections to both countries. They have become an integral part of Oman's social fabric, contributing significantly to the nation's cultural diversity and community bonds. Beyond social integration, the Indian community continues to play a vital role in Oman's economic development and progress. Their ongoing contributions help strengthen the bilateral relationship between the two countries while supporting Oman's growth trajectory, making them essential participants in the country's advancement.
Watch clip answer (00:29m)
WION
03:21 - 03:51
How has the Indian diaspora contributed to Oman and what is their historical connection to India?
The Indian diaspora has made rich contributions to Oman, with many merchant families of Indian origin establishing themselves as integral parts of Omani society. These Indian-origin Omanis have maintained strong connections with India while making Oman their home. The clip specifically highlights the story of families like the Khimjis who migrated from Gujarat to Muscat, representing the enduring bond between the two nations. Their presence has strengthened diplomatic ties between Oman and India, with the community playing a significant role in Oman's economic and social fabric for generations.
Watch clip answer (00:19m)WION
00:00 - 00:20
How are Continental workers in Wetzlar reacting to job losses?
Continental workers are experiencing profound distress over unexpected job losses. One affected worker shared their personal devastation, stating, "I'm losing my job. I started training here and never imagined this." The worker had believed they could continue their employment long-term, as they were enjoying their position and performing well. This testimony reflects the broader human impact behind Germany's automotive industry struggles, where employees who had built career plans suddenly face an uncertain future. The situation highlights the disconnect between workers' expectations and the harsh economic realities confronting German manufacturing.
Watch clip answer (00:09m)
Al Jazeera English
00:44 - 00:54
What economic challenges is Germany facing and what reforms are needed?
Germany is experiencing economic stagnation due to falling behind in new technologies while maintaining high labor costs. Experts argue the economy needs significant reform, including less bureaucracy, streamlining processes, and reduced regulation to revitalize German industry. Political parties acknowledge that action is necessary but disagree on specific solutions. This uncertainty poses challenges for the incoming government, which may not be able to immediately help affected workers like those in Wetzlar facing job losses, highlighting the urgent need for comprehensive economic reform to restore Germany's competitive position.
Watch clip answer (00:38m)Al Jazeera English
01:15 - 01:53
What is happening with job losses at Continental in Wetzlar, Germany?
Continental in Wetzlar, Germany is eliminating jobs, triggering worker protests as employees face uncertain futures. As reported by Al Jazeera's Dominic Kane, these job cuts reflect the declining job security in Germany's automotive industry and highlight the country's broader economic stagnation. The report captures the personal impact on workers who have invested their lives in these jobs, now facing desperation as their livelihoods disappear. The situation underscores an urgent need for governmental reforms and innovation to revitalize Germany's economy and provide better support for its workforce.
Watch clip answer (00:03m)Al Jazeera English
01:53 - 01:57