Bloomberg Federal Reserve Chairman Jerome Powell, who pledged early in his tenure to speak in “plain English” and improve the central bank’s public communications, is finding it tough to deliver a clear message. In the latest of several reversals, Powell dismissed the recent deceleration in prices as likely “transitory,” six weeks after he described low inflation as “one of the ...

Bloomberg South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group Ltd. and Standard Bank Group Ltd. have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview on Ca- rte Blanche, a Johannesburg-based investigative ...

Bloomberg Boeing Co knew months before a deadly 737 Max crash that a cockpit alert wasn’t working the way the company had told buyers of the single-aisle jetliner. But the planemaker didn’t share its findings with airlines or the Federal Aviation Administration until after a Lion Air plane went down off the coast of Indonesia in October, according to a ...