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Bloomberg Starboard Value is calling on Cars.com Inc to improve its performance or consider selling itself or making management changes, about nine months after the activist hedge fund reached a settlement agreement with the online auto-dealing platform. “If shareholders do not see progress soon, then we believe it would be incumbent upon the board to take more substantive actions,” Starboard ...

Bloomberg In a whirlwind 24-hour span, Indian Prime Minister Narendra Modi has seen his main opponents seize back momentum ahead of the 2019 national election. First came the abrupt resignation on Monday night of Reserve Bank of India Governor Urjit Patel, which sent stock, bond and currency markets tumbling when they reopened on Tuesday. Then Modi’s Bharatiya Janata Party faced ...

Bloomberg US Secretary of State Michael Pompeo criticised the Russian government for sending “bombers halfway around the world” to Venezuela. “The Russian and Venezuelan people should see this for what it is: two corrupt governments squandering public funds, and squelching liberty and freedom while their people suffer,” Pompeo said on Twitter. It’s “absolutely inappropriate” for Pompeo to call the Russian ...

Bloomberg At least four people died in clashes between Togolese police and opposition supporters before controversial parliamentary elections this month. Three people died in the capital, Lomé, over the weekend, while the body of another person was found in the northern town of Sokode, Security Minister General Yark Damehame said on state television. Opposition spokeswoman Brigitte Kafui Adjamagbo put the ...

Bloomberg French President Emmanuel Macron has emboldened Italy’s populists in their standoff with the European Union by embarking on a spending spree of his own. The promises Macron unveiled in a bid to defuse the Yellow Vest protests, from a 100-euro ($114) a month hike in the minimum wage to abolishing a tax on pensions, could play into the hands ...

Bloomberg Brazil’s incoming government won’t sign a broad United Nations migration treaty, following in the footsteps of the US and Chile in a crackdown on open borders. Ernesto Araujo, who will be Foreign Minister under President-Elect Jair Bolsonaro, said on Twitter that the United Nations Global Compact for Migration is “an inadequate instrument to deal with the problem” and that ...

Bloomberg Outgoing Democratic Republic of Congo President Joseph Kabila signalled he’ll remain active in politics and would consider running for office when he’s eligible again in 2023. The 47-year-old leader is preparing to step down after ruling the cobalt- and copper-rich Central African nation for almost 18 years. He’s chosen Emmanuel Ramazani Shadary to succeed him in a December 23 ...

The imminent end of German Chancellor Angela Merkel’s final term presents a great challenge for both her country and the entire European project. If her successor can’t pull the German economy out of its slide towards second-tier status, the union could lose its most important financial supporter. Since Merkel’s announcement that she will not seek another term in 2021, the ...

If you thought Emmanuel Macron was too much of a technocrat, you’ll only be partially convinced by his attempt to switch to a yellow vest. France’s president has fallen prey to the same curse that has afflicted all of his predecessors over the past decade: Angry protests over necessary economic reforms, and plummeting popularity. Despite his solid start as a ...

Not long ago, EU leaders were talking about a grand bargain to reform their currency union. It isn’t happening. Europe’s finance ministers have just approved a package of reforms to strengthen the monetary union. Their plan falls far short of what’s needed. The new proposals aren’t worthless — any steps to better equip the euro zone to deal with the ...