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ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Stocks Rally on Hopes for More Stimulus

Global stocks rallied Thursday on signals of how central banks could contend with upheaval in financial markets.

Image of Syrian Boy Echoes Around World

Photos of a Syrian boy whose body washed ashore on a Turkish beach horrified people around the world as Europe’s migrant crisis escalates.

The 3-year-old was a Syrian Kurd whose family’s efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 312

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main station as Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk. 112

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

Iran’s Khamenei Urges Lawmakers to Vote on Nuclear Deal

Iran’s Supreme Leader Ayatollah Ali Khamenei has urged the country’s parliament to vote on whether to implement a proposed nuclear deal with the U.S. and five other world powers.

NATO Opens Military Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Vilnius Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Capital Account

For Russia, Oil Collapse Has Soviet Echoes

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip. 93

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Russia Says Economy Recovery Slow in Coming

The Russian government has acknowledged that the country’s economy is going to take longer to recover than it previously expected, weighed down by the slump in the value of the ruble.

Sweden Leaves Interest Rate Unchanged

Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. at a 15% discount to the original after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Off Duty

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Markets

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Video

Armed Police Remove Migrants From Train in Hungary

0:53

Migrant Crisis: The Schengen Agreement Explained

1:55

Chaos in Budapest Station As Migrants Rush Trains

2:13

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

A Modigliani Painting for $100 Million?

Christie’s International said it expects to ask roughly $100 million for a Modigliani nude that will be auctioned this fall, a bold reflection of how prices for blue-chip paintings have skyrocketed in recent seasons.

WSJ Blogs

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

Das Ländle schlägt zurück

Arme Käthe Kollwitz. Traurig sieht es aus, wie das Denkmal der Malerin und Bildhauerin mitten in Berlin Prenzlauer Berg mit einer Schicht Spätzle bedeckt ist. Die Eierteigwaren kleben auf Kopf, Armen und Schoß der Künstlerin. Eine Bewohnerin entdeckte den kulinarischen Angriff und rief die Polizei. Ein neuer Höhepunkt in der Auseinandersetzung zwischen Schwaben und Ur-Berlinern? Manch Anwohner fürchtete nach der Läster-Attacke von Bundestagsvizepräsident Wolfgang Thierse über die Latte-Macchiatisierung seines Kiezes schon den Spätzle-Krieg. Doch jetzt kann Entwarnung gegeben werden. Eine Gruppe von Schwaben-Spaßmachern bekannte sich zu dem Anschlag.

freeschwabylon

„Ein neuer Morgen dämmert über dem Prenzlauer Berg. Schwabylon wird frei sein“, schreibt die Internet-Guerilla in einem Bekennerschreiben. „Lange genug mussten wir Weckle als Schrippen kaufen und unsere Fleischküchle als Buletten“, empören sich die Aktivisten. Eine Lösung gegen die Diskriminierung der fleißigen und arbeitssamen Schwaben liegt auch schon parat: Ein autonomer Schwaben-Bezirk rund um den Kollwitz-Platz soll gegründet werden. „Unsere Spätzleschaber werden nicht ruhen, bis Schwabylon frei ist“, drohen sie. Und sei es, dass der gesamte Prenzlauer Berg unter einer Schicht des schwäbischen Nationalgerichtes begraben sein wird.

Ob sich Initiator Thierse, der seine Wohnung direkt am Kollwitz-Platz hat, nach so viel Schmach noch aus dem Haus traut? Nach dem Willen der Internet-Guerilla soll der „antischwäbische Agitator“ nämlich ausgewiesen werden. Dabei wohnt der 69-jährige Bundestagsvizepräsident doch schon 40 Jahre in Schwabylon und  hat hier seit zwanzig Jahren seinen Bundestagswahlkreis. Bei so viel Bodenständigkeit müsse er unter Artenschutz gestellt werden, sagt Thierse selbst.

Dabei hatte Thierse, der seit jeher eher als kauziger Brummbär im Kiez bekannt ist, nur die Stimmung im Prenzlauer Berg aufgegriffen. In einem Interview beklagte er, dass 90 Prozent seiner Nachbarn erst nach 1990 in die Hauptstadt gezogen seien, aber so täten, als gehöre Berlin nur ihnen allein. „Ich wünsche mir, dass die Schwaben begreifen, dass sie jetzt in Berlin sind und nicht mehr in ihrer Kleinstadt mit Kehrwoche”, grummelte Thierse und stellte klar: In Berlin heißt das Schrippen und nicht Wecken.

Der Sturm der Entrüstung ließ nicht lange auf sich warten. Reumütig entschuldigte sich der SPD-Politiker über seine „augenzwinkernd“ gemeinten Bemerkungen und trat sogar zum Schwaben-Test im Südwestrundfunk an. Den Dialekt-Test bestand Thierse mit Bravour, die Stimmung aber bleibt aufgeheizt. Oder wie es im Ländle heißt: Des isch no koi gmähts Wiesle. Die nächste Schwaben-Attacke kommt bestimmt.

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

ECB Willing to Expand Stimulus Amid Growth Worry

ECB President Mario Draghi indicated that the bank stands ready to expand its stimulus programs and projected slower-than-expected economic growth in the eurozone, as well as lower inflation rates.

Stocks Rally on Hopes for More Stimulus

Global stocks rallied Thursday on signals of how central banks could contend with upheaval in financial markets.

Image of Syrian Boy Echoes Around World

Photos of a Syrian boy whose body washed ashore on a Turkish beach horrified people around the world as Europe’s migrant crisis escalates.

The 3-year-old was a Syrian Kurd whose family’s efforts to emigrate to Canada had been rebuffed, according to media and Kurdish activists. 312

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main station as Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk. 112

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Middle East Crossroads

Yemen’s Unity Frays in Leaderless Aden

The battles of recent months have reopened historic divisions between Yemen’s north and south, writes Yaroslav Trofimov.

Iran’s Khamenei Urges Lawmakers to Vote on Nuclear Deal

Iran’s Supreme Leader Ayatollah Ali Khamenei has urged the country’s parliament to vote on whether to implement a proposed nuclear deal with the U.S. and five other world powers.

NATO Opens Military Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Vilnius Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Capital Account

For Russia, Oil Collapse Has Soviet Echoes

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip. 93

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Russia Says Economy Recovery Slow in Coming

The Russian government has acknowledged that the country’s economy is going to take longer to recover than it previously expected, weighed down by the slump in the value of the ruble.

Sweden Leaves Interest Rate Unchanged

Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. at a 15% discount to the original after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Off Duty

Adventure & Travel

Not Far From Prague, a Czech Village Worth Rhapsodizing About

The frozen-in-time town of Český Krumlov has scenery and history—and beer—that keeps travelers coming back.

Markets

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Video

Armed Police Remove Migrants From Train in Hungary

0:53

Migrant Crisis: The Schengen Agreement Explained

1:55

Chaos in Budapest Station As Migrants Rush Trains

2:13

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.