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Grim Toll of Migrant Crisis Rises on Sea, Land

The latest deaths of migrants both on land and at sea are shedding light on the brutal tactics of the people-smuggling operations that stretch from across the Mediterranean to deep within Europe’s borders.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money.

Foes Try New Ways To Attack Iran Deal

Senate Foreign Relations Committee Chairman Bob Corker (R., Tenn.), right, listens to Sen. John Barrasso (R., Wyo.) last month in Washington, D.C.

Congressional opponents of the Iranian nuclear accord are devising a Plan B as President Obama moves closer to locking up the support needed to implement the deal. 94

Pro-Kurdish Party Joins Interim Government in Turkey

The power-sharing lineup unveiled by Prime Minister Ahmet Davutoglu also includes several independent appointees.

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

Treading Line Between War and Peace, U.S. Special Forces Groom Afghan Troops

Special-operations units are trying to get their local counterparts ready for combat before American troops leave Afghanistan.

Russian Rocket Launches Inmarsat Satellite

A Russian Proton rocket on Friday launched an Inmarsat PLC spacecraft to put the British satellite operator on a course to begin operating a global network of high-bandwidth satellites by year-end.

European Refiners’ Profit Revival Faces End

Europe’s biggest energy companies have enjoyed a revival of refinery profits, but that run may be winding down even as oil prices slump.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

Syngenta Shareholders Not Happy

Some Syngenta shareholders are angry about the pesticide-and-seed giant’s rejection of takeover proposals from rival Monsanto, which abandoned its pursuit this week.

Hermès Plays Down China Luxury Risk

French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

Tesla Wants White House to Press China

Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.

‘Flash Crash’ Trader Denied Extradition Delay

British trader Navinder Sarao had requested a two-month delay in his extradition hearing.

Central Bankers Rethink Views on Inflation

Central bankers aren’t sure they understand how inflation works anymore. Inflation didn’t fall as much as many expected during the financial crisis and it hasn’t bounced back as they predicted when the economy recovered and unemployment fell.

A ‘Black Swan’ Fund Made $1 Billion This Week

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

China’s World

Markets? To Xi Jinping, Another Battle Comes First

Those who think a wilting economy and stock-market turmoil may divert Xi Jinping’s focus from his anticorruption campaign misunderstand his priorities, writes Andrew Browne. 58

Step Forward for Japan’s ‘Womenomics’

A new law will pressure Japanese companies to hire more women and promote them to management positions, part of Prime Minister Shinzo Abe’s economic program.

Syriza’s Poll Lead Narrows Ahead of Election

Greece’s left-wing Syriza party is leading against its main political rival ahead of next month’s elections, according to four polls published on Friday, though the gap with the conservative New Democracy party has closed considerably.

Since Katrina, Biloxi’s Rebound Has Been Slow

The Mississippi Gulf Coast city’s population is down 9.4% and many homes remain vacant. But the tourism destination’s casino industry, though smaller, keeps chugging along.

Anger Over Garbage in Lebanon Blossoms into Demands for Reform

Calls for political reform, however, collide with country’s entrenched, sectarian-based political system.

Mansion

A Swedish Couple’s Lakeside Oasis

Entrepreneur Olof Sköld and his partner, Helene Carson, build a retreat for their family

Review

The Saturday Essay

For China, a Plunge and a Reckoning

The stock market fall pierced the party’s mystique of omnipotence. In an interwoven world, the crisis should spur Beijing to prefer compromise to bullying.

Historically Speaking

A History of Star-Crossed Lovers

Lovers separated by cruel circumstance have played a role in history and literature for millennia. Amanda Foreman looks at Berenice and Titus, Abelard and Heloise and more

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

On Wine: Will Lyons

Why Gin Is Back With a Flourish

Gin is experiencing the kind of boom the wine industry experienced in the mid-1980s, as boutique-distilled bottles with names like Half Hitch, Opihr and Ransom Old Tom give the classic G&T a new—and flavorful—twist

Music

Foals’ ‘What Went Down’ Is a Visceral Confessional

Yannis Philippakis, the lead singer whose energetic stage presence and novelistic lyrics have made Foals one of British rock’s most compelling propositions, talks about the band’s fourth album.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Opel und Peugeot: Medialer Sturm im Wasserglas

Reuters

Es wäre ein Pauken- und gleichermaßen ein Rückschlag: Seit Dienstagabend machen Medienberichte die Runde, die Allianz von Opel und PSA Peugeot-Citroen drohe zu scheitern. Sogar einen neuen Partner sollen die Franzosen schon gefunden haben, nämlich den indischen Autobauer Tata. Die mediale Verwirrung ist groß.

Denn wenn man sich die Berichte genauer anschaut, dann rudern einige Beobachter bei den Spekulationen zurück, die andere geschürt haben. Eine Art mediale Abrüstung also. Denn die meisten Berichte drehen sich nicht um die bisher vereinbarte Kooperation zwischen Opel und PSA, sondern um  mögliche tiefergehende Verzahnungen, die beide Traditionskonzerne angeblich planen. Angeblich, weil es mehr als Medienspekulationen in diesem Zusammenhang noch nicht gab. Die Unternehmen äußerten sich nicht offiziell dazu. Ob es aber um die Zusammenarbeit an sich oder um den Grad der Zusammenarbeit geht, macht mehr als nur einen semantischen Unterschied.

Denn würde die zu Jahresbeginn besiegelten deutsch-französischen Kooperation in den Bereichen Logistik, Einkauf und Fahrzeugentwicklung scheitern, wäre das in der Tat ein herber Rückschlag für alle Beteiligten. Immerhin 1,5 Milliarden Euro sollen ab 2016 jährlich gespart werden – und eben jener Betrag dürfte bei der bis Mitte der Dekade geplanten Rückkehr Opels in die (operative) Gewinnzone einkalkuliert sein. Darüber hinausgehende Einsparungen durch weitere Kooperationsschritte würden dagegen wohl eher ein Zubrot sein.

Entsprechend deutlich dementierte man in Rüsselsheim Berichte, die vor einem Scheitern der Zusammenarbeit an sich warnen: “Die Allianz macht die Fortschritte, die wir uns versprochen haben”, sagte ein Sprecher. In Sachen Logistik und Entwicklung gemeinsamer Plattformen sei schon Vollzug gemeldet worden, beim Einkauf solle es bis zum Jahresende soweit sein. Kein Grund zur Panik also, so die eigentliche Botschaft von gestern und heute.

Allerdings sind die Beteiligten nicht ganz unschuldig an den aufkommenden Spekulationen über die Chancen auf weitergehende Projekte. Beide Seiten hatten stets klar gemacht, dass mit den vereinbarten Kooperationsprojekten noch nicht das Ende der Fahnenstange erreicht sein muss. Auch GM-Vize und -Europa-Chef Steve Girsky sagte unlängst, dass man sich über weitere Potenziale Gedanken mache. Kein Wunder also, dass in den Medien spekuliert wird, ob beispielsweise gemeinsam entwickelte Autos irgendwann auch irgendwo vom selben Band laufen könnten. Bis zu einem Joint Venture sollen die Gedankenspiele der Protagonisten zuletzt gegangen sein.

Dass in diesem Umfeld die Nachricht über Staatshilfen für den PSA-Konzern die Verwirklichung solcher Gedankenspiele weiter erschwert, ist beinahe selbstverständlich. Denn im Gegenzug für die Staatsknete wird der Einfluss Frankreichs und der Arbeitnehmer beim Autobauer größer. Und dass der dringend notwendige Personalabbau mit der gestärkten Position von Staat und Gewerkschaften nur schwer umzusetzen sein dürfte, ist wohl kein Geheimnis.

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Grim Toll of Migrant Crisis Rises on Sea, Land

The latest deaths of migrants both on land and at sea are shedding light on the brutal tactics of the people-smuggling operations that stretch from across the Mediterranean to deep within Europe’s borders.

Stock Swings Don’t Shake Investors

Stock indexes’ wildest week in years rattled investors and fueled expectations for further price swings, but it failed to squelch the belief U.S. markets remain the best place to put money.

Foes Try New Ways To Attack Iran Deal

Senate Foreign Relations Committee Chairman Bob Corker (R., Tenn.), right, listens to Sen. John Barrasso (R., Wyo.) last month in Washington, D.C.

Congressional opponents of the Iranian nuclear accord are devising a Plan B as President Obama moves closer to locking up the support needed to implement the deal. 94

Pro-Kurdish Party Joins Interim Government in Turkey

The power-sharing lineup unveiled by Prime Minister Ahmet Davutoglu also includes several independent appointees.

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

U.S. special-operations forces in Afghanistan are trying to make sure their elite Afghan counterparts can fight on their own before American troops leave, which is planned to take place by the end of next year. Photo: Wakil Kohsar/AFP/Getty Images

Treading Line Between War and Peace, U.S. Special Forces Groom Afghan Troops

Special-operations units are trying to get their local counterparts ready for combat before American troops leave Afghanistan.

Russian Rocket Launches Inmarsat Satellite

A Russian Proton rocket on Friday launched an Inmarsat PLC spacecraft to put the British satellite operator on a course to begin operating a global network of high-bandwidth satellites by year-end.

European Refiners’ Profit Revival Faces End

Europe’s biggest energy companies have enjoyed a revival of refinery profits, but that run may be winding down even as oil prices slump.

China’s Moves Won’t Help U.S. Tech Firms

China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.

Syngenta Shareholders Not Happy

Some Syngenta shareholders are angry about the pesticide-and-seed giant’s rejection of takeover proposals from rival Monsanto, which abandoned its pursuit this week.

Hermès Plays Down China Luxury Risk

French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

Tesla Wants White House to Press China

Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.

‘Flash Crash’ Trader Denied Extradition Delay

British trader Navinder Sarao had requested a two-month delay in his extradition hearing.

Central Bankers Rethink Views on Inflation

Central bankers aren’t sure they understand how inflation works anymore. Inflation didn’t fall as much as many expected during the financial crisis and it hasn’t bounced back as they predicted when the economy recovered and unemployment fell.

A ‘Black Swan’ Fund Made $1 Billion This Week

Universa Hedge Fund, a well-known ‘black swan’ fund, made more than $1 billion in profits in one week amid volatility.

How Do You Short China?

Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.

China’s World

Markets? To Xi Jinping, Another Battle Comes First

Those who think a wilting economy and stock-market turmoil may divert Xi Jinping’s focus from his anticorruption campaign misunderstand his priorities, writes Andrew Browne. 58

Step Forward for Japan’s ‘Womenomics’

A new law will pressure Japanese companies to hire more women and promote them to management positions, part of Prime Minister Shinzo Abe’s economic program.

Syriza’s Poll Lead Narrows Ahead of Election

Greece’s left-wing Syriza party is leading against its main political rival ahead of next month’s elections, according to four polls published on Friday, though the gap with the conservative New Democracy party has closed considerably.

Since Katrina, Biloxi’s Rebound Has Been Slow

The Mississippi Gulf Coast city’s population is down 9.4% and many homes remain vacant. But the tourism destination’s casino industry, though smaller, keeps chugging along.

Anger Over Garbage in Lebanon Blossoms into Demands for Reform

Calls for political reform, however, collide with country’s entrenched, sectarian-based political system.

Mansion

A Swedish Couple’s Lakeside Oasis

Entrepreneur Olof Sköld and his partner, Helene Carson, build a retreat for their family

Review

The Saturday Essay

For China, a Plunge and a Reckoning

The stock market fall pierced the party’s mystique of omnipotence. In an interwoven world, the crisis should spur Beijing to prefer compromise to bullying.

Historically Speaking

A History of Star-Crossed Lovers

Lovers separated by cruel circumstance have played a role in history and literature for millennia. Amanda Foreman looks at Berenice and Titus, Abelard and Heloise and more

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09