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Tropical Storm Sally set to reach New Orleans

Bloomberg Tropical Storm Sally looks set to reach New Orleans and southeastern Louisiana stronger than earlier forecasts, bringing a dangerous storm surge, flooding rains and potentially causing up to $3 billion damage and losses. Louisiana’s governor declared a state of emergency as the state braces for its second large storm in a month. Sally has also sparked evacuations on some ...

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Jakarta to isolate virus cases in official facilities

Bloomberg Residents of Indonesia’s capital of Jakarta who tested positive for the coronavirus will be isolated in official facilities and can no longer be quarantined at home, the city’s governor said ahead of tighter restrictions that take effect on Monday. Isolation at home must be avoided to limit contagion, Anies Baswedan said at a press conference on Sunday. The city’s ...

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British banks brace for slump by pulling mortgage deals

Bloomberg British mortgage lenders are beginning to batten down the hatches for an oncoming spike in unemployment. HSBC Holdings Plc, Barclays Plc and Natwest Group Plc have tightened restrictions on home loans for risky borrowers as officials unwind pandemic-support efforts. Then there’s the renewed prospect of a no-deal Brexit, threatening to deepen what’s already worst recession in centuries. By moving ...

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