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Saudi Arabia's $500 Billion Megacity Dream Clashes With Reality

Saudi Arabia plans to build Neom, a futuristic megacity in the middle of the desert. But residents resisting evictions and a historic collapse in oil prices have raised new questions about the project.




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Andre Harrell Reveals Why He Fired Sean Combs

Andre Harrell talks to the WSJ’s Lee Hawkins about the reasoning behind his decision to fire Sean Combs as his A&R at Uptown Records. Photo Associated Press




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Opinion: The Bernie Sanders Campaign Is Far From Over

Potomac Watch: Bernie Sanders may have given up on the Democratic Presidential nomination but is determined to make Joe Biden unelectable. Image: Jonathan Ernst/Reuters




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Why Blood From Coronavirus Survivors Could Be a Lifeline for the Sick

A growing number of hospitals are investigating antibody testing and blood plasma therapy as a way to combat the new coronavirus in sick patients. WSJ’s Daniela Hernandez explains. Photo illustration: Laura Kammermann




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Movies and Theme Parks: 'Baby Shark' Creators Look to Expand Empire

The South Korean company behind the hit video "Baby Shark" is hoping to expand its empire with films and merchandise while pursuing the next viral sensation. Its strategy aims to beat competitors in an increasingly crowded space for children’s attention. Image: Pinkfong




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Coronavirus Update: Uber, Lyft Cut Jobs, UnitedHealth Offers Discounts

Uber and Lyft are aggressively cutting costs as fewer people take rides, UnitedHealth will offer customers $1.5 billion of help and discounts, and Russia’s Vladimir Putin moves to ease lockdowns amid economic challenges. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Josh Edelson / AFP




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Tara Reade Says Biden Should Quit Presidential Race

Tara Reade, who has accused former Vice President Joe Biden of sexually assaulting her, said the presumptive Democratic nominee “should not be running” for president, in her first on-camera interview since Mr. Biden denied the allegations. Photo: Megyn Kelly/Associated Press




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Opinion: The FBI’s Flynn Outrage

Potomac Watch: New documents shock the conscience and demonstrate the need for accountability. Images: AFP via Getty Images Composite: Mark Kelly




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Swedish Businesses Remained Open, but Are Suffering Too

Unlike many Western nations, Sweden didn’t order a strict coronavirus lockdown—still, its economy has taken a hit. WSJ’s Stu Woo reports from a country where shops and bars haven’t shut down. Photo: Stu Woo




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Senate Republicans Cite Deficit Fears Over Next Round of Virus Aid

As Congress considers another round of aid to offset the economic impact of the coronavirus pandemic, Republican lawmakers are starting to worry about the long-term effects on the federal deficit. WSJ’s Gerald F. Seib explains. Photo: Eric Gay/AP




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Coronavirus Update: Record Job Losses, California to Reopen

April’s jobs report shows record-high job losses and unemployment, low-risk businesses in California reopen for curbside pickup today, and testing will increase at the White House. WSJ’s Jason Bellini has the latest on the pandemic. Photo: John Locher/Associated Press




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April’s Record-Setting Jobs Report, Explained

The Labor Department’s survey taken in April shows record job losses for the U.S. WSJ explains the context behind the historic numbers Photo: Justin Lane/EPA/SHUTTERSTOCK




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SBI developing low-cost model to counter payments banks

Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks. "We are working out on a low-cost structure to compete with the payments banks for getting access to people ...




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Payment banks unlikely to eat into large lenders' biz: Crisil

Ratings agency Crisil today said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them. "We do not expect them to ...




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Payments banks will change banking habits: Jaitley

Such banks can collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and sell insurance and mutual funds




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FX FRENZY: Global Championship Is on the Line

It is all on the line for the two finalists in the DJ FX Frenzy championship: the pride and glory of being named the first global winner of this bracket-style foreign-exchange competition.




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Despite Gold Selloff, Options Traders Bank on Rebound

So gold notched its biggest one-day drop in 30 years. What’s next? Despite the heavy losses, broken technical levels and waves of margin calls, the options market for the yellow metal is beaming with optimism.




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Outflows in Gold ETFs Surge as Traders Bolt

Investors in gold exchange-traded funds have been rushing to the exits as gold prices plunge.




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Energy Journal: EU-China Solar Battle Escalates

By James Herron Here’s your morning jolt of news, insight and analysis on the global energy business. Send us tips, suggestions and complaints: ben.winkley@wsj.com and james.herron@wsj.com Click here to receive this morning email newsletter SOLAR WARS The usually tranquil world of European renewable energy just got exciting, as a plucky band of rebels led by […]




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Energy Journal: Investors to Big Oil: We Need to Talk

Now the Big Oil earnings season has been and gone, serious questions are being asked about whether the future of exploration and production will involve the super majors in their current form.




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Blue Hill the Mystery Restaurant in Third Point’s Sotheby’s Letter

By Sara Germano and David Benoit The restaurant that Dan Loeb said Sotheby’s management wined and dined at to a bill that was in the “multiple hundreds of thousands of dollars,” was the famed Blue Hill, according to people familiar with the matter.




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Bank of England Speeds Through Bond Buys

Two weeks after buying its first corporate bond, the Bank of England has already spent over 10% of the funds allocated to its 18 month asset-buying program.




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Should Homeowners Ban Drones Over Their Property?

The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal




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On-Site Child Care: It's Paying Off at Clif Bar

Clif Bar & Co. is among only 5% of U.S. employers that offer a child care center on-site or near its offices. Kate Torgersen, an 18-year employee, explains how bringing her three children to the company's "Base Camp" child care center has benefited her as a working mother. Photo: Tim Hussin for The Wall Street Journal




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Women Hit Obstacles on the Way to the First Promotion

Men outnumber women nearly 2 to 1 on the first move up the management ladder. WSJ’s Vanessa Fuhrmans explains how this can hurt women right out of the gate.




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Why Women Don’t Get the Feedback They Need

Research shows that getting ahead requires constructive criticism. But many women don’t get those frank assessments.




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The Best and Worst U.S. Airlines of 2019

With more and more people taking flight each year, there’s a lot that can go wrong. WSJ’s Scott McCartney tallies the data for a definitive look at which airlines performed best and worst in 2019 in key categories like on-time departures, baggage handling and flight cancellations. Illustration: Ivan Canu




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Grand Princess Passengers Disembark in Oakland

Carnival's Grand Princess cruise ship docked in Oakland, Calif., on Monday. The ship had spent days off shore after several passengers and crew tested positive for the novel coronavirus. Photo: Noah Berger/Associated Press




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Coronavirus Makes Travel Cheaper, But Should You Book?

As the coronavirus forces would-be travelers to stay indoors, travel deals are popping up online. Don’t be easily swayed. WSJ’s Scott McCartney breaks down how to avoid risky travel. Photo: Getty Images




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Can local democracy be enforced?


With the government making hollow promises that don't actually deliver local government, should citizens turn to demanding it as a right, asks Videh Upadhyay.




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The base of the pyramid


So much in India seems out of control because local governments are not functioning well. A SYSTEM for citizen involvement needs to be in place, says Ramesh Ramanathan.




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Mumbai's tragedy


The poor have filled up marshland, resurfaced uneven land, all with their own labour, and built their homes. "People should get the right to shelter," says Kadvi Wagri, another one of the growing stream of homeless. These voices should not be silenced, says Kalpana Sharma.




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Lessons in urbanisation


Every developed country built the infrastructure of its cities only during the last 100 years, often in response to crises of plagues or fires. If we learn their lessons, then we could build our infrastructure with the participation of the people, says Ramesh Ramanathan.




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A credible low-income housing policy


Ramesh Ramanathan.




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Between a village and a town


Janjgir has a poor base to raise finances and is heavily dependent on fund transfers from the state government. There is little here that would qualify this as a town, writes Kalpana Sharma.




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The doubtful science of interlinking


Why exactly do we need to link our rivers? Jayanta Bandyopadhyay and Shama Perveen of IIM Kolkata present a sweeping analysis of some important justifications on which the Interlinking project stands.




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The doubtful science of interlinking


Jayanta Bandyopadhyay and Shama Perveen
Return to article




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The doubtful science of interlinking


Why exactly do we need to link our rivers? Jayanta Bandyopadhyay and Shama Perveen of IIM Kolkata present a sweeping analysis of some important justifications on which the Interlinking project stands.




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The doubtful science of interlinking


Why exactly do we need to link our rivers? Jayanta Bandyopadhyay and Shama Perveen of IIM Kolkata present a sweeping analysis of some important justifications on which the Interlinking project stands.




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But where are the canals?


A vast network is needed to keep the Narmada promises, but funding for this vital element is mostly absent, says Himanshu Upadhyaya.




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Recognition for Bhopal campaigners


Rashida Bee and Champa Devi are the winners of the prestigious Goldman Prize this year. Tarun Jain reports on a definite filip for the campaign to hold Dow Chemicals accountable for the 1984 Union Carbide gas tragedy in Bhopal.




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Cart before the horse


Videh Upadhyay reviews the predicament of the Interlinking Rivers project.




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Biodiversity ruled out!


The rules notified in April to operationalise biodiversity legislation appear to exclude those opposed to treating public biological resources as private intellectual property. Kanchi Kohli reports.




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Back: the long arm of the law


Pushed to wall by a Supreme Court monitoring committee, Kerala's industries as well the state's pollution watchdog are finally seeking ways to reverse a reckless approach to hazardous waste management. There is no time to waste, reports C Surendranath.




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Civil, but criminal


Laws to protect the environment cannot follow a simple prohibition model; what is needed instead is an elaborate scheme of regulation and licensing, following rules designed to promote fairness and efficiency. Sairam Bhat outlines the differences between the two legal approaches to protecting the natural environment.




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Cleaning up Bhopal cost-effectively


In addition to the aftermath of Bhopal's catastrophic gas leak of 1984, severe contamination of water and soil has taken its own toll on citizens. At a Greenpeace organized November 2004 symposium, experts put the cost of cleanup in the range of Rs.135 crores. K Rajani Priya looks at the possibilities.




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India's legal backing for conservation


Governments in India have been using key provisions in environmental regulations to create and protect 'Ecologically Sensitive Areas'. Recently, the Supreme Court also pressed a state government on an ESA commitment. Kanchi Kohli reports on the practice and challenges.




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The brave new city?


Increasingly, cities around the world are reshaping themselves to be centres of culture and commerce in ways that are more global than related to their home nations. As Indian cities too move in that direction, Darryl D'Monte catches up with a scholar of the evolution of cities, and finds much for Indian planners and city leaders to think about.




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Jambudwip - a fishy conservation


Who decides if livelihoods or habitat should be the focus of conservation efforts? In a remote island in the Sunderbans, fisherfolk whose seasonal dry-fishing dates back many generations find themselves competing with mangroves and the Environment Ministry's changing stance on national security. Sunita Dubey reports.




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Restoring our endangered bioreserves


Forests are a critical repository of India's biodiversity, but widespread habitat destruction is hurting. Attitudes need change too. "Compensatory forestation does not really compensate - it only replaces trees, not biodiversity", says one former top forests official. Ramesh Menon reports.