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Political heat is on for global central banks’ independence

Bloomberg South Africa’s top monetary policy maker spoke for his peers around the world last week when he declared that threats to central-bank independence from politicians are no longer just an “emerging market phenomenon.” The US Federal Reserve, Bank of England and European Central Bank are feeling the heat from elected lawmakers, while India is among others under pressure. “There’s ...

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Maximise stockpiles before Brexit: UK to supermarkets

Bloomberg Theresa May’s government has told supermarkets to keep as much stock as possible in warehouses around the country in case the UK crashes out of the European Union without a Brexit deal, officials said. The request is being made by ministers because in the worst-case scenario, a no-deal Brexit would cut the capacity of the country’s main EU trading ...

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Flight cancellations surpass 1,000 over storm in Charlotte

Bloomberg The brunt of Winter Storm Diego hasn’t arrived in North Carolina yet, but it’s already wreaking havoc on travellers. At Charlotte Douglas International Airport, nearly 1,300 flights in and out of the city have been cancelled this weekend, according to Flight Aware, an airline tracking service. American Airlines Group Inc., which uses Charlotte as a hub, accounted for a ...

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