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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. 310

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

Die Post-Novelle

Laut Artikel 64 des Grundgesetzes ist die Sache klar. Minister schwören beim Amtsantritt unter anderem, dass sie ihre Kraft dem Wohle des deutschen Volkes widmen werden. Das eigene, ganz persönliche Wohl muss dabei aber nicht zurückstehen. Das zeigt sich eindrucksvoll bei der schon lange geplanten Novelle des Postgesetzes: Die Häuser der CSU-Minister Ilse Aigner, Hans-Peter Friedrich und Peter Ramsauer blockieren den Vorstoß von Wirtschaftsminister Philipp Rösler (FDP). Offenbar geht es dabei nicht um Inhalte, sondern lediglich darum, dem Liberalen eins auszuwischen und sich schadenfreudig im Sessel zurückzulehnen. Der Fall zeigt, mit welchen Bandagen in der Politik gekämpft wird und wie schlecht es um den inneren Zustand der schwarz-gelben Koalition bestellt ist.

Offiziell bestätigen will den Vorgang keines der beteiligten Ressorts. Hinter vorgehaltener Hand hingegen wird geplaudert, und die Informationen aus Parteikreisen decken sich. Die drei CSU-geführten Ministerien haben Vorbehalte angemeldet und verhindern seit Wochen, dass die Angelegenheit im Kabinett auf den Weg gebracht werden kann.

Aufmerksame Beobachter fragen sich, was das Verbraucherministerium von Aigner, das Innenministerium von Friedrich und das  Ramsauer’sche Verkehrsministerium gegen eine Novelle des Postgesetzes haben können. Die richtige Antwort wäre: Eigentlich nichts. Aber das Vorhaben gilt als ein Prestigeobjekt Röslers. Allein deshalb hat ihn die CSU jetzt offenbar ins Visier genommen.

Parteikreisen zufolge handelt es sich tatsächlich um eine ordinäre Retourkutsche der Christsozialen. Rösler möchte nicht beim IT-Sicherheitsgesetz mitziehen und verärgert damit Innenminister Friedrich. In puncto Gentechnik waren aus dem Hause Rösler ganz andere Töne zu hören als im Verbraucherministerium von Ilse Aigner. Unvergessen ist den Christsozialen immer noch der Vorwurf der “Wildsau”-Politik durch die Liberalen. Und das sind nur drei Beispiele aus der Dauerfehde zwischen der CSU und Rösler.

Rösler will der Deutschen Post im Geschäft mit Großkunden strengere Vorschriften auferlegen. Künftig soll die Post ihre Preise schon vorab der Bundesnetzagentur zur Genehmigung vorlegen, Preisdumping könnte dadurch unterbunden werden. Zudem sollen künftig auch Mitbewerber und nicht nur die Aufsichtsbehörde ein Missbrauchsverfahren gegen die Post in Gang setzen können. Seit Monaten schon will Rösler die neuen Regeln festschreiben. Bislang scheiterte er aber. Erst musste er gegen parteinterne Kritik ankämpfen, nun auch noch gegen den Widerstand der CSU.

Das ganze Hickhack ist ärgerlich, denn es geht um einen Milliardenmarkt und die Stellung des Marktbeherrschers, um massive Unternehmens- und Verbraucherinteressen. Also ziemlich eindeutig um das “Wohl des Volkes”.

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    • Das Verhalten der CSU geführten Ministerien ist völlig richtig, denn es dient auch dem Wohle des Volkes.
      Rosinenpickerei anderer Zustelldienste steht hier offenbar im Vordergrund.
      Außerdem dürfte es auch keinen Zweifel daran geben, daß diese Novelle so nicht Gesetz wird.
      Hier hat auch der Bundesrat noch ein gewichtiges Wort mitzureden- was Herr Rößler offenbar verkennt.
      Er sollte sich besser anderen Aufgaben widmen als hier ein völlig unsinniges Prestigeobjekt weiter zu
      verfolgen. Die Arbeiten dazu sollte er einstellen.

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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. 310

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.