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China’s Turbulence Exposes Risks to Europe’s Growth

The eurozone’s heavy reliance on exports leaves the region vulnerable as emerging markets stumble.

China Extends Two-Day Gains, but Weekly Losses Mount

China’s shares are headed for two-straight days of gains amid suspected government buying, but the week’s volatile trading puts the index down more than 10% in that time.

Google Rebuffs European Union on Antitrust Charges

Google rebuffed the European Union’s demand that it change the way it ranks online comparison-shopping services in its search results, setting up a potentially drawn-out legal battle.

Fed Urged to Press Ahead With Rate Rise

After months of forewarning by the Federal Reserve that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.

Russia Shows Off Military Might as Budget Gets Squeezed

Even as the country projects a muscular image, a falling ruble and weaker economy has forced President Vladimir Putin to scale back ambitious plans to modernize the military.

Hacker Killed by Drone Was ‘Secret Weapon’

That Islamic State’s Junaid Hussain was targeted directly by the U.S. and U.K. shows the extent to which digital warfare has upset the balance of power on the modern battlefield.

Ukraine Secures Debt-Relief Deal

Ukraine’s government secured a vital debt-relief deal, the country’s finance ministry said, a key step toward unlocking billions of dollars in emergency financing.

Austrian Police Find Up to 50 Migrants Dead

Europe’s migrant crisis took a deadly turn deep in the continent with the discovery in Austria of a truck containing up to 50 decomposing corpses. 54

NATO Chief Opens Joint Training Base in Georgia

NATO’s secretary-general opened a new joint training base in Georgia, promising the country could count on its western allies.

Greece Closer to Formal Election Call

Greece on Thursday named Vassiliki Thanou Christopoulou, head of the country’s Supreme Court, as interim prime minister, with the task of leading the country to an election.

As China Celebrates Victory, Businesses Cope With Loss

Beijing ordered more than 10,000 factories to close or reduce output ahead of a high-profile military parade, crimping many businesses in the capital and leaving some workers without wages.

Sanctions Bite Massive Gas Project in Russian Arctic

A race to shore up funding for the $27 billion Yamal LNG energy project in the Russian Arctic has emerged as a test of Moscow’s ability to weather Western sanctions.

UberChina Closing In on $1 Billion in New Funding

The Chinese affiliate of Uber is close to securing about $1 billion in new funding from investors in the region, part of the ride-hailing company’s rivalry with deep-pocketed Chinese rival Didi Kuaidi.

Hermès Warns of Currency Pressure

French luxury-goods company Hermès International warned that volatile currencies will erode its profitability in the second half of the year with profit seen rising more slowly than sales.

German Car Makers Shift Gears as China Slows

At BMW’s annual results presentation in March, former Chief Executive Norbert Reithofer warned of a coming slowdown in China. These days his prediction seems optimistic.

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.

Stock Halts Added to Monday’s Market Chaos

Monday’s mayhem in stocks appears to have been exacerbated by rules designed to ensure orderly trading, executives and traders said, the latest ripple from investors’ embrace of stock-linked funds.

China’s Banks Face Worst Year in More Than a Decade

China’s biggest lenders are scrambling to clear rising bad loans from their books, as a faltering economy weighs on loan repayments and sets banks on pace for their worst year since they began listing shares 13 years ago.

From $21.5 Billion to $4.4 Billion in 18 Months

Market turmoil in China has further derailed the money-management industry’s flagship effort to bring more-sophisticated—and riskier—investment strategies to small investors.

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Außerirdisch gute Siemens-Werbung

Ursula Quass/TheWall Street Journal
Der Mars-Rover Curiosity ist seit August auf dem roten Planeten unterwegs und jetzt auch auf dem Münchner Odeonsplatz – hier allerdings nicht im Auftrag der Nasa, sondern als Werbebotschafter von Siemens.

Schlechte Presse hatte Siemens in letzter Zeit genug: Pannen und millionenschwere Abschreibungen auf verpatzte Großprojekte, Spekulationen über einen deutlichen Abbau von Arbeitsplätzen zur Kostensenkung und bisweilen heftige Kritik am Management bei der Hauptversammlung. Und auch wenn Siemens zuletzt kaum jemanden davon überzeugen konnte, dass der Technikriese Großprojekte tatsächlich kann, eines beherrscht der Konzern in jedem Fall: Werbung in eigener Sache.

Am Mittwoch durften die rund 8.100 Aktionäre bei der Hauptversammlung in der Münchener Olympiahalle das mit Siemens-Spezialsoftware entwickelte Mars-Erkundungsfahrzeug „Curiosity“ bestaunen. Jetzt wird er auch dem gemeinen Fußvolk gezeigt. In zentraler Lage, mitten auf dem Odeonsplatz in der Altstadt, lockt ein Modell in Originalgröße einen Tag lang einen steten Besucherstrom zu dem rund 250 Kilogramm schweren Gefährt. Das Original ist seit dem 5. August auf dem Roten Planeten tätig und mit seinen gut 900 Kilogramm noch einmal ein ganzes Stück schwerer. Mit seinen verschiedenen Messgeräten und Werkzeugen ist es nach Siemens-Angaben der „am weitesten entwickelte Rover, der je zum Mars geschickt wurde“.

Die Siemens-Software kam dabei schon lange vorher zum Einsatz. Mit ihrer Hilfe wurde das Ungetüm auf Rollen am Computerbildschirm entworfen, virtuell zusammengebaut und seine Funktionen simuliert, bevor es überhaupt einen ersten Prototypen gab. Das für einen Tag in der Münchener Innenstadt aufgestellte Modell ist eine Leihgabe der US-amerikanischen Luft- und Raumfahrtbehörde Nasa, die Siemens mit der Entwicklung der Software beauftragt hatte. „Wir möchten damit zeigen, was unsere Kunden mit unserer Software leisten können“, sagt ein Siemens-Mitarbeiter mit unüberhörbarem Stolz in der Stimme.

Eine Leistungsschau, die Siemens durchaus nötig hat. Schließlich steht nach den Pannen bei der Anbindung von Windparks vor der Küste und der mehrfach verschobenen Auslieferung von ICE-Zügen der neuesten Generation neben dem Projektmanagement der Münchener auch deren vielbeschworene Technologieführerschaft im Zentrum kritischer Fragen.

Nachdem „Curiosity“ schon beim Aktionärstreffen seinem Namen alle Ehre gemacht und zahlreiche Neugierige angezogen hatte, wollte Siemens das futuristische Vehikel nun auch einer größeren Öffentlichkeit zugänglich machen, wie der Mitarbeiter erläutert. Auch er hat den Rover heute zum ersten Mal in Originalgröße gesehen. „Er ist erstaunlich groß“, zeigt er sich überrascht.

Ein Eindruck, den viele am Odeonsplatz haben. „Ich wundere mich, dass der so groß ist“, sagte etwa Jan Opalka. Der junge Mann ist in der Mittagspause zufällig vorbeigekommen. Hubert und Gisela Mark sind dagegen extra in die Innenstadt gefahren. „Wir haben gar nicht gewusst, dass Siemens so etwas auch macht“, zeigen sie sich beeindruckt. Von der Konzern- und Aktienentwicklung sind die beiden Kleinaktionäre dagegen weitaus weniger überzeugt. „Die Aktie steigt halt nicht so toll“, kritisiert Gisela Mark. An einen Verkauf denken die beiden aber nicht. „Die lassen wir im Depot liegen, wir hoffen ja. Technisch ist Siemens ja weit vorn – wer auch sonst“, sagt sie noch und widmet sich dann wieder ihren Betrachtungen.

Auch eine ehemalige Siemens-Mitarbeiterin, die ihren Namen lieber nicht lesen will, mustert das Raumfahrzeug von allen Seiten ganz genau. „Ich bin am Heimweg von einem Seminar extra ausgestiegen und hergekommen. Meiner Kollegin war das zu viel Aufwand. Sie hat aber gesagt, ich soll mir alles gut anschauen, damit ich das morgen genau beschreiben kann“, lacht sie. Der Umweg habe sich auf jeden Fall gelohnt, schließlich habe sie sich „Curiosity“ viel fragiler und „mehr so puppenstubenmäßig“ vorgestellt. „Die Produkte bei Siemens sind ja gut, aber drumherum, wo’s menschelt, da wird’s schwierig. Die berappeln sich aber wieder, Siemens kann ja auch nicht immer oben sein“, ist auch sie für die Zukunft optimistisch.

Potenziellen Nachwuchs-Aktionären wie dem vierjährigen Paul sind solche Überlegungen ohnehin egal. Er bohrt mit seinen Fingern fröhlich in dem rund um das Gefährt aufgeschütteten Sand. Eine klare Meinung zu dem Hightech-Gerät hat aber auch er: „Der ist toll“, sagt er mit glänzenden Augen.

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    • Yb0SMh imclvteeueoz

    • Cheap labor is anethema to inotvanion. Why invest in capital equipment to make labor more productive, if I can rent cheap labor to do it by hand?The Romans had the steam engine, but it was never developed because 1/3 of the Romans were slaves.How many Mexicans have been sent back? The Bush Administration has had almost zero workplace enforcement of immigration laws. It is a disgrace, but that's what you get when the Chamber of Commerce is running the country. Even if your theory is correct (and it isn't), there are more Mexicans living in the US today (June 12, 2008) than at any time in our history, so lower end properties should be selling as soon as they hit the market.Recessions are caused by excessive debt to GDP production. They always have been and always will be. Debt needs to be worked out, and that is the job of the recession.This recession is long overdue. The debt/GDP ratio is off the charts and in record territory, and we technically are not in a recession. When the GDP drops, the ratio will spike even higher.Cheap labor is always a short-term benefit, and a long term problem.HI-B visas make American sources of IT harder to come by, thus requiring the need for more HI-Bs, which disincentifies kids to want to go into IT, which makes Bill Gates lobby for more HI-B Rate this comment: 0 0

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

China’s Turbulence Exposes Risks to Europe’s Growth

The eurozone’s heavy reliance on exports leaves the region vulnerable as emerging markets stumble.

China Extends Two-Day Gains, but Weekly Losses Mount

China’s shares are headed for two-straight days of gains amid suspected government buying, but the week’s volatile trading puts the index down more than 10% in that time.

Google Rebuffs European Union on Antitrust Charges

Google rebuffed the European Union’s demand that it change the way it ranks online comparison-shopping services in its search results, setting up a potentially drawn-out legal battle.

Fed Urged to Press Ahead With Rate Rise

After months of forewarning by the Federal Reserve that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.

Russia Shows Off Military Might as Budget Gets Squeezed

Even as the country projects a muscular image, a falling ruble and weaker economy has forced President Vladimir Putin to scale back ambitious plans to modernize the military.

Hacker Killed by Drone Was ‘Secret Weapon’

That Islamic State’s Junaid Hussain was targeted directly by the U.S. and U.K. shows the extent to which digital warfare has upset the balance of power on the modern battlefield.

Ukraine Secures Debt-Relief Deal

Ukraine’s government secured a vital debt-relief deal, the country’s finance ministry said, a key step toward unlocking billions of dollars in emergency financing.

Austrian Police Find Up to 50 Migrants Dead

Europe’s migrant crisis took a deadly turn deep in the continent with the discovery in Austria of a truck containing up to 50 decomposing corpses. 54

NATO Chief Opens Joint Training Base in Georgia

NATO’s secretary-general opened a new joint training base in Georgia, promising the country could count on its western allies.

Greece Closer to Formal Election Call

Greece on Thursday named Vassiliki Thanou Christopoulou, head of the country’s Supreme Court, as interim prime minister, with the task of leading the country to an election.

As China Celebrates Victory, Businesses Cope With Loss

Beijing ordered more than 10,000 factories to close or reduce output ahead of a high-profile military parade, crimping many businesses in the capital and leaving some workers without wages.

Sanctions Bite Massive Gas Project in Russian Arctic

A race to shore up funding for the $27 billion Yamal LNG energy project in the Russian Arctic has emerged as a test of Moscow’s ability to weather Western sanctions.

UberChina Closing In on $1 Billion in New Funding

The Chinese affiliate of Uber is close to securing about $1 billion in new funding from investors in the region, part of the ride-hailing company’s rivalry with deep-pocketed Chinese rival Didi Kuaidi.

Hermès Warns of Currency Pressure

French luxury-goods company Hermès International warned that volatile currencies will erode its profitability in the second half of the year with profit seen rising more slowly than sales.

German Car Makers Shift Gears as China Slows

At BMW’s annual results presentation in March, former Chief Executive Norbert Reithofer warned of a coming slowdown in China. These days his prediction seems optimistic.

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.

Stock Halts Added to Monday’s Market Chaos

Monday’s mayhem in stocks appears to have been exacerbated by rules designed to ensure orderly trading, executives and traders said, the latest ripple from investors’ embrace of stock-linked funds.

China’s Banks Face Worst Year in More Than a Decade

China’s biggest lenders are scrambling to clear rising bad loans from their books, as a faltering economy weighs on loan repayments and sets banks on pace for their worst year since they began listing shares 13 years ago.

From $21.5 Billion to $4.4 Billion in 18 Months

Market turmoil in China has further derailed the money-management industry’s flagship effort to bring more-sophisticated—and riskier—investment strategies to small investors.

Mansion

A Swedish Couple’s Lakeside Oasis

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

Life

Adventure & Travel

Berlin’s Waterfront Heats Up for Travelers

The capital’s long-overlooked riverbanks are now party central, lined with hot hotels and bars—and a beach with a view of Angela Merkel.

At My Vanity

A Hair Stylist’s Secrets for Beauty, the French Way

Celebrity hairdresser Vinz, who has tended to the tresses of everyone from Kirsten Dunst to Caroline de Maigret, shares his top tips for glowing skin and ending bad hair days forever.

Video

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3:36

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0:32

Colorado Theater Killer Sentenced to Life in Jail

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