BLOOMBERG Mario Draghi’s insistence that his stimulus programme is only half done brings with it a worrying thought. What if its best effects are already spent anyway? At least four times at Thursday’s press meet in Vienna, the European Central Bank president emphasised how policy makers need to see the ‘full impact’ and must ‘focus on implementation’ of their …

  Bloomberg Federal Reserve Governor Lael Brainard said a ‘sobering’ US employment report suggested the labour market has slowed, as she continued to warn against moving too quickly to raise interest rates. “In this environment, prudent risk management implies there is a benefit to waiting for additional data to provide confidence that domestic activity has rebounded strongly and reassurance that …

  Los Angeles / AFP He called himself “The Greatest,” and few disagreed. Muhammad Ali — who died on Friday in Arizona at age 74 — was one of the iconic sporting heroes of the 20th century, the three-time heavyweight champion of the world who said he could “float like a butterfly, sting like a bee.” Ali, who came of …