Bloomberg The carbon market’s automatic stabilisers are set to kick in, softening the blow of the economic slump in the European Union caused by the spread of the coronavirus. The system, known as the Market Stability Reserve and introduced last year, will absorb some of the supply of allowances that factories and utilities need to buy to cover their greenhouse ...

Bloomberg Namibia halted mining and quarrying operations to curb the spread of the Covid-19 outbreak, according to Minister of Mines and Energy Tom Alweendo. The semi-arid southwest African nation is the world’s top producer of marine diamonds and the fifth-biggest of uranium. While minimal operations and critical maintenance work will be allowed, employers should ensure that “preventative measures such as ...

Bloomberg French business confidence plunged at a record pace in March as shutdowns to contain the coronavirus have left the economy running at 65% of normal activity. The drop mirrors that seen in Germany in figures earlier this week, where the Ifo Institute said sentiment dropped at the fastest pace since reunification. The French index fell to 95 from 105 ...