For personal non-commercial use only. Do not edit or alter. Reproductions not permitted. To reprint or license content, please contact our reprints and licensing department at +1 800-843-0008 or www.djreprints.com Greg Ip Retooling The World Economy’s The Tuileries Model Country ARTS | A11 CAPITAL ACCOUNT | A2 ** THURSDAY, APRIL 21, 2016 ~ VOL. XXXIV NO. 57 WSJ.com EUROPE EDITION DJIA 18096.27 À 0.24% S&P 500 2102.40 À 0.08% NIKKEI 16906.54 À 0.19% STOXX 600 350.75 À 0.43% OIL 42.63 À 3.77% GOLD 1253.20 À 0.02% EURO 1.1335 g 0.21% DLR ¥109.46 À 0.23% What’s Google Faces EU Antitrust Charges European Commission a fresh set of antitrust charges In addition, the EU accused stager said at a news confer- markable—and, importantly, News that target the technology com- Google of withholding lucrative ence on Wednesday. She said sustainable—ecosystem, based accuses U.S. company pany’s efforts to promote its revenue-sharing agreements Google’s conduct is “stifling on open-source software and of abusing dominance core moneymaker: online from handset makers and competition and restricting in- open innovation.” He said the Business&Finance search. phone carriers that preload a novation in the wider mobile company will work with the EU of Android software The European Commission, rival search engine on their de- space.” “to demonstrate that Android is the EU’s antitrust agency, said vices. That tactic would effec- While users can always good for competition and good he EU filed antitrust BY NATALIA DROZDIAK Google had abused the domi- tively ensure that Google would download a new search for consumers.” charges against Google, T AND SAM SCHECHNER nance of its Android mobile op- be the only search engine avail- browser and change the de- The details of the case an- saying the firm abused the erating system by requiring able out of the box on the ma- fault, the EU has based its case nounced Wednesday—the EU’s dominance of its Android The European Union on phone makers to pre-install jority of phones, the EU alleged. on data showing that pre-in- second set of formal charges mobile operating system. A1 Wednesday accused Alphabet Google’s namesake search en- “Google pursues an overall stalling a service and setting it against Google in just over a European stocks con- Inc.’s Google of strong-arming gine on their devices if they strategy on mobile devices to as a default creates a lasting year—broadens the scope of tinue to trail their U.S. coun- smartphone makers and tele- want to include Google’s Play protect and expand its domi- advantage, an EU official said. the challenge Google faces from terparts, dashing hopes that com firms into making its Store, the most popular place nant position in Internet Google General Counsel Kent European regulators as it tries ECB stimulus would send search engine the default on for consumers to buy apps for search,” European Antitrust Walker responded that “An- to extend the dominance of its shares soaring this year. A1 mobile devices, as the bloc filed Android phones. Commissioner Margrethe Ve- droid has helped foster a re- Please see CHARGE page A8 Draghi will face tough questions over the impact of ECB moves at a Thurs- Royal Occasion: The Queen Turns 90 day news conference. B5 U.S. Tracks Global investors are re- turning to Chinese stocks, which are up 12% from their Russian 2016 low on Jan. 28. B5 VW email suggests a dif- Artillery ferent account of events in the emissions scandal than the auto maker’s version. A1 In Syria Mitsubishi said it inflated vehicle-mileage results and BY ADAM ENTOUS used an improper fuel-econ- AND GORDON LUBOLD omy testing method. B1 Kuwaiti oil workers Russia has been moving ar- ended a three-day walkout tillery units to areas of north- that had almost halved the ern Syria where government country’s crude output. B5 forces have massed, raising U.S. concern the two allies Container operators may be preparing for a return agreed to form a new ship- to full-scale fighting as the ping alliance to compete in current cease-fire falters, U.S. the Asia-to-Europe trade. B1 officials said. The tech industry domi- The recent Russian rede- nates a new list of top-pay- ployments of the units and ing U.S. companies. B1 the forces that operate them have been accompanied by the World-Wide return of some Iranian army forces to government-con- trolled areas close to the Russia has moved artil- front lines, according to offi- lery to areas of Syria where cials briefed on the intelli- regime forces have massed, gence. Russia, Iran and the raising U.S. concerns the Iranian-backed Lebanese Hez- two allies may be set to re- bollah movement have been turn to full-scale fighting. A1 Syrian President Bashar al- I-IMAGES/ZUMA PRESS Assad’s main supporters in Hundreds of migrants BIG DAY: Queen Elizabeth II, above at the opening of a bandstand in Windsor, England, on Wednesday, celebrates her 90th birthday Thursday. the conflict. trying to reach Europe Please see SYRIA page A3 were feared drowned after their boat sank off Libya’s coast, aid agencies said. A3 Harriet Tubman to The EU said the number of migrants arriving from European Stocks Yet to Take Off Be Added to $20 Bill Turkey has fallen sharply un- der a controversial deal. A3 BY RIVA GOLD in the euro, weakness in rise in the euro, a growing While the S&P 500 is up NATO and Russian envoys global growth and a range of camp is starting to worry that over 2.5% this year, the Stoxx met for the first time in Investors started 2016 with local political risks, notably the central bank may be too Europe 600 is down nearly nearly two years amid rising big bets that monetary stimu- uncertainty over the U.K.’s stimulative, arguing that fur- 5%. In U.S. dollar terms, the military tensions between lus would send European vote on its membership in the ther interest-rate cuts could ratio of the MSCI EMU Total Russia and the U.S. A4 stocks soaring above their European Union. This toxic deepen the pain for the re- Return Index to the MSCI US U.S. counterparts this year. cocktail has blunted the im- gion’s banks. Equity Total Return Index hit Obama arrived in Saudi But nearly six weeks after the pact of monetary stimulus on Investors are taking notice. its lowest level in history this Arabia on a trip aimed at European Central Bank an- Europe’s stocks. Allocations of funds to euro- month. Even Germany’s mul- soothing ties with Gulf al- nounced a big package of The ECB’s meeting Thurs- zone equities dropped to 15- Please see STOCKS page A8 lies and bolstering his for- measures, U.S. stocks have day is unlikely to change the month lows in the first week eign-policy legacy. A6 left European shares trail- picture. ECB President Mario of April, while allocations to Draghi to face tough LIBRARY OF CONGRESS/REUTERS Norway has violated ing—a performance gap few Draghi said in March that he the U.S. have continued to questions after meeting...... B5 The abolitionist would be the mass killer Breivik’s human see closing any time soon. doesn’t “anticipate that it will grow, according to global Global investors step back first woman on U.S. paper money rights by keeping him European stocks have hit be necessary to reduce rates fund managers surveyed by to China......................................... B5 in more than a century. A7 largely isolated from other several headwinds in recent further.” And despite anemic Bank of America Merrill Europe lags far behind bull prisoners, a judge ruled. A6 months, including steep gains inflation and an unwelcome Lynch. market in U.S. banks............. B8 The U.S. Supreme Court cleared the way for terror Johnny Cash Trail Walks the Line victims to collect about $2 VW Crisis billion tied to Iran. A7 At Folsom Prison The U.S. Treasury plans Comes to Oracle #1 to put abolitionist Harriet iii Tubman on the $20 bill. A7 AHead Park on penitentiary grounds seeks Cloud ERP Inside to deter loitering, contraband This Week MARKETS B5 BY JIM CARLTON ation director the blues. BY WILLIAM BOSTON Yet Robert Goss remains Investors FOLSOM, Calif.—When city determined, even optimistic. WOLFSBURG, Germany— officials here started planning “There is something about this Two years ago this month, a se- Bet on Political a new nature trail winding project that is right,” said Mr. nior executive in Volkswagen through prison grounds, they Goss, Folsom’s parks and rec- AG’s U.S. business learned via Drama made sure it didn’t reation director, email that environmental au- run too close to the who has the unusual thorities suspected the car 2,300 inmates who task of building a maker of rigging diesel engines CONTENTS Money & Inv...... B5-8 live behind the public recreation to cheat on emissions. Arts & Ent.............. A11 Opinion.............. A12-13 1,800 207 Business & Tech. B1-4 Personal Journal A10 walls of Folsom path on prison The email exchange, re- Capital Account.... A2 Technology............... B3 State Prison, where grounds. viewed by The Wall Street Jour- Crossword.............. A14 U.S. News............. A7-8 Johnny Cash fa- Six decades after nal, marks the earliest date re- Oracle Cloud Workday Cloud Heard on Street.... B8 Weather................... A14 mously performed.