Bloomberg Fiat Chrysler Automobiles NV recalled almost 863,000 vehicles that violate US emissions standards, another setback for a company that just agreed in a separate case to make amends for building trucks and SUVs that polluted more than legally allowed. The voluntary recall of 2011 through 2016 model year Jeep, Dodge and Chrysler brand vehicles will be implemented in phases ...

Bloomberg Half a decade has passed since Vladimir Putin annexed Ukraine’s Crimean peninsula. For Russia, the costs continue to mount. The accession treaty signed to bring the Black Sea territory into Moscow’s fold is still unrecognized by most countries and the US and European Union led a broad effort to punish Russia with sanctions. Undeterred, Russia has kept integrating Crimea ...

Bloomberg At least 43 people died in central Mozambique and Zimbabwe after a tropical cyclone tore through the southern African nations, knocking out electricity and phone networks and cutting power to South Africa from a hydropower dam. The storm, the worst to hit Mozambique in at least a decade, had windspeeds of more than 200 kilometers per hour (124 miles) ...

Bloomberg Azeri President Ilham Aliyev signed a decree pardoning more than 400 people, including opposition politicians and pro-democracy youth activists who were listed as political prisoners by international human rights groups. Fuad Qahramanli and Gozal Bayramli, deputy leaders of the opposition Popular Front of Azerbaijan Party, are among the pardoned, according to a statement on the presidential website. Pro-opposition youth ...

Bloomberg Violence returned to Paris as the Yellow Vests protested for the 18th weekend. Footage from TV news channels showed broken windows at stores as well as a ransacked restaurant on the Champs Elysees. A bank was set on fire near the iconic avenue, leading to 11 wounded in the building, including two police officers, AFP reported. The so-called Yellow ...

Bloomberg Chancellor of the Exchequer Philip Hammond ramped up the pressure on Brexiteer Tory MPs as he warned they will trigger a long delay to leaving the European Union unless they support Theresa May’s proposed deal when it returns to Parliament. A growing number of Tories are now backing the agreement, he said, and the deal will only be put ...

Bloomberg Thousands of Catalan secessionists marched in downtown Madrid to protest a trial of their leaders, stoking a political crisis that’s helped topple two Spanish government in less than a year. In the biggest show of Catalan strength in the capital since the secession movement began gaining traction in 2012, marchers took to the iconic Paseo del Prado boulevard with ...

The good news about President Trump’s proposed 2020 budget is that it vividly illustrates the basic causes of large, chronic deficits — a mismatch between the government’s commitments and the taxes needed to pay for them. The bad news is that the budget does virtually nothing to close the gap. “We must protect future generations from Washington’s habitual deficit spending,” ...

Duterte just did a Modi. He may be as lucky, too. Philippines President Rodrigo Duterte bucked procedural niceties when selecting the man who will control the supply of money in his country. He bypassed three deputy governors of the central bank and installed a former budget minister and fan of stimulus to run Bangko Sentral ng Pilipinas. The new governor, ...

The swell of talk about China implementing a property tax has resurfaced – again. But unlike past years, there’s growing certainty that it’s actually coming. Just not anytime soon. Late last week, shares of Chinese real-estate developers tanked after Li Zhanshu, chairman of the National People’s Congress standing committee, said delegates will “focus energy” on drafting a property-tax law, among ...