The business world is in the process of adopting a revolutionary new philosophy — or perhaps having a new philosophy thrust upon it: just-in-case management. In the great age of globalisation that started in the 1980s and entered its triumphant phase in the 1990s and 2000s, the twin watchwords of business were speed and efficiency. Today speed and efficiency ...

Message received loud and clear. Federal Reserve Chair Jerome Powell had his foghorn out blaring that there is nothing, repeat nothing, to stop policymakers from yanking interest rates up in half-point steps. His hawkishness prompted the yield curve to flatten to levels not seen since 2016, setting off alarm bells about a potential inversion — where shorter-dated levels rise above ...

  Bloomberg The China Eastern Airlines Corp jet that crashed was travelling at close to the speed of sound in the moments before it slammed into a hillside, according to a Bloomberg News review of flight-track data. Such an impact may complicate the task for investigators because it can obliterate evidence and damage a plane’s data and voice recorders that ...