Bloomberg Australia scrambled military helicopters and ships on Wednesday to help thousands of people cut off by wildfires raging across the southeast as the death toll from the national crisis continued to climb. Some 4,000 holiday-makers and locals remain stranded in the remote township of Mallacoota in Victoria state after a bushfire tore through the community, forcing people to shelter ...

Bloomberg The Federal Reserve may have succeeded in thwarting major year-end turmoil in funding markets, but 2020 is likely to bring a whole new set of concerns. The US central bank has been injecting liquidity into markets through repurchase-agreement operations since mid-September in a bid to keep control of short-end rates. Earlier this month the Fed ramped up its offerings ...

Bloomberg European Central Bank (ECB) President Christine Lagarde’s promise to learn German has prompted some suggestions on what her first important word should be — including from a German colleague. In response to an informal Twitter poll, incoming Executive Board member Isabel Schnabel suggested Lagarde should start with “Vertrauen,” or “trust.” Schnabel didn’t elaborate on her word choice in the ...