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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.

Market Rally Loses Steam

A rally spurred by optimism over the U.S. economy and a rebound in commodity prices lost some steam Friday, as European shares and U.S. stock futures slipped.

Austria Raises Estimate of Number of Migrants Found Dead

The number of migrants found dead in a truck off a highway outside of Vienna has been raised to more than 70, from an initial estimate of between 30 and 50.

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. 51

Eurozone Businesses, Households More Upbeat

Businesses and households across the eurozone became slightly more upbeat in August, an indication that the slowdown in economic growth during the second quarter is unlikely to turn into a more severe downturn.

Ukraine’s U.S.-Born Finance Minister Praised for Persistence

Natalie Jaresko led months of tense negotiations with creditors, clocking thousands of air miles to reach a debt-relief deal that should help secure further bailout funds from the International Monetary Fund.

Swiss Economy Beats Expectations

Switzerland’s economy grew in the second quarter, defying expectations that it would slip into its first recession in six years.

U.K. Confirmed As One of Fastest-Growing Western Nations

Britain was confirmed as one of the fastest-growing western nations in the second quarter, a fresh sign of health for policy makers at the Bank of England to weigh against concerns about the global economy.

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.

5 Days That Taught Investors All They Need to Know

A Wall Street veteran tells us it took just five days for him to learn all he needed to know about investing. The problem is, they've happened over the past 15 years.

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

Facebook's 'M' Takes on Siri and Google Now

3:36

Up to 50 Migrants Found Dead in Truck in Austria

0:32

Colorado Theater Killer Sentenced to Life in Jail

1:22

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

Die Telekom, die Bayern und das Problem mit Wimbledon

Da soll noch mal jemand sagen, Fußball verbinde die Menschen. Die Aktionäre der Deutschen Telekom hat er auf der Hauptversammlung diese Woche gespalten. Na ja, nicht der Sport an sich, sondern der FC Bayern.

Seit Jahren wirbt der ehemalige Staatskonzern auf den Brüsten der Kicker aus München. Die spielen gut, aber das gefällt nicht allen Aktionären. Denn das Sponsoring ist nicht ganz billig.

AFP
Xherdan Shaqiri jubelt – so wie die Bayern es fast die ganze Saison über taten. Beim Sponsor Telekom finden aber nicht alle Aktionäre die Bayern toll.

Medienberichte, wonach sich die Telekomden FC Bayern im Jahr zwischen 20 und 25 Millionen Euro kosten lässt, bezeichnete Telekom Boss Rene Obermann als „nicht ganz falsch“. Die genaue Summe taucht im Telekom-Geschäftsbericht nicht auf.

Bayern spalten die Nation und die T-Aktionäre

„Warum werben sie bei einem Fußball-Verein, für den  die halbe Nation ist, der aber auch die halbe Nation gegen sich hat?“, fragte ein Aktionär. Im Plenum der jetzt von der Bayer-Abspaltung Lanxess gesponserten ehemaligen Köln-Arena kam aber auch die Sinnfrage: Die Marke Telekom sei bei jedem Deutschen bekannt, da könne man auf Sponsoring ganz verzichten. Außer man wolle sich im Glanze der Sportler sonnen.

Da hat sich die Telekom mit den Bayern natürlich das  richtige Team ausgesucht, spielen sie derzeit doch mit den besten Fußball in Europa. Wäre da nicht der Präsident des Vereins, der – vorsichtig ausgedrückt – seiner Steuerpflicht nicht vollumfänglich nachgekommen ist. Das färbt jetzt auch auf die Telekom ab. Denn im Aufsichtsrat des FC Bayern sitzt kein geringerer als der designierte Telekom-Boss und derzeitige Finanzvorstand Timotheus Höttges.

„Welche Herren des Vorstandes werden denn in Wimbledon dabei sein?“, fragte  ein Aktionär, dem angesichts der in Rede stehenden Millionen-Beträge wohl so schwindelig wurde, dass er Wettkampstätten und Sportarten durcheinander brachte.

Wimbledon, Wembley? Egal: Höttges fährt hin

Den Fauxpas hätte Höttges leicht mit der Rückhand wegschlagen – äh, mit links wegflanken können. Aber das wäre nicht die Art des Zwei-Meter-Mannes aus dem Bergischen Land. „Sie meinen sicherlich  Wembley. Da gibt es bei der Telekom ganz strenge Compliance Regeln,“ setzte Höttges an, um dann ohne Luft zu holen den Satz weiterzuführen: „Ich werde da sein, in meiner Eigenschaft als Aufsichtsrat des FC Bayern.“

Das ergibt Sinn. Schließlich haben die Bayern allein in diesem Jahrzehnt das Finale zwei Mal versemmelt,  im vergangenen Jahr sogar im eigenen Stadion. Da sollte der Aufseher der Bayern diesmal ganz genau hin sehen.

 

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    • Um was man sich so Sorgen macht ;-) Ich finde es keinesfalls schlimm, dass die Telekom Bayerns Sponsor ist, auch wenn ich kein Bayern Fan bin. Und nicht die halbe Nation ist dagegen. Vielleicht sind die Leute einfach nicht für Bayern? ;-)

      LG

      Boris
      http://hundefuttertests.de/

Die Seite Drei – Über uns

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    Hinweise zu Themen, Anregungen und Ihre Fragen nehmen wir unter redaktion@wallstreetjournal.de entgegen.

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.

Market Rally Loses Steam

A rally spurred by optimism over the U.S. economy and a rebound in commodity prices lost some steam Friday, as European shares and U.S. stock futures slipped.

Austria Raises Estimate of Number of Migrants Found Dead

The number of migrants found dead in a truck off a highway outside of Vienna has been raised to more than 70, from an initial estimate of between 30 and 50.

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. 51

Eurozone Businesses, Households More Upbeat

Businesses and households across the eurozone became slightly more upbeat in August, an indication that the slowdown in economic growth during the second quarter is unlikely to turn into a more severe downturn.

Ukraine’s U.S.-Born Finance Minister Praised for Persistence

Natalie Jaresko led months of tense negotiations with creditors, clocking thousands of air miles to reach a debt-relief deal that should help secure further bailout funds from the International Monetary Fund.

Swiss Economy Beats Expectations

Switzerland’s economy grew in the second quarter, defying expectations that it would slip into its first recession in six years.

U.K. Confirmed As One of Fastest-Growing Western Nations

Britain was confirmed as one of the fastest-growing western nations in the second quarter, a fresh sign of health for policy makers at the Bank of England to weigh against concerns about the global economy.

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.

5 Days That Taught Investors All They Need to Know

A Wall Street veteran tells us it took just five days for him to learn all he needed to know about investing. The problem is, they've happened over the past 15 years.

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

Facebook's 'M' Takes on Siri and Google Now

3:36

Up to 50 Migrants Found Dead in Truck in Austria

0:32

Colorado Theater Killer Sentenced to Life in Jail

1:22