President Donald Trump talked a lot about coal mining during his campaign, and he has kept talking about it since. “We have ended the war on clean coal,” he declared in his State of the Union address just this week. I’d take issue with the phrase “clean coal” (more on that later), but it is definitely true that the Trump ...

Bloomberg European Central Bank Executive Board member Benoit Coeure urged European governments to push ahead with plans to strengthen monetary union to avoid stretching his institution’s mandate in the next crisis. “Without further reforms, the next crisis may well force the ECB to test the limits of its mandate,” he said in a speech near Ljubljana, Slovenia. “To assume that ...

Bloomberg UBS AG brought forward its forecast for the next UK interest-rate increase, though it also sounded a warning bell about such a move. Bank of England policy makers will raise their benchmark by 25 points at their May meeting, strategist John Wraith wrote in a report dated January 31. In forecasts published after the BOE’s November rate hike, UBS ...