Bloomberg Hanna, 2020’s first Atlantic hurricane, made landfall on Padre Island Saturday evening, bringing “life-threatening” storm surges, flooding rains and tree-toppling winds to south Texas. The storm came ashore with 90-mile-per-hour (145 kmph) winds, the National Hurricane Center said in an advisory at 6 pm EDT. Hanna is moving west-south-west at about 8 miles per hour. A Category 1 storm, ...

Bloomberg The bad loan ratio in India’s banking sector is forecast to swell to the highest level in more than two decades after a prolonged lockdown hurt businesses and left millions jobless. Soured assets will rise to 12.5% of total advances by March 2021 — highest since the financial year started 1999 — from 8.5% a year earlier, the Reserve ...

Bloomberg South Africa is in talks with non-banking lenders to join its 200 billion rand ($12 billion) loan-guarantee measures as it seeks to improve access to finance for businesses hit by the coronavirus pandemic. The government-backed program will have less stringent approval processes and extend repayment periods, the National Treasury, the South African Reserve Bank and the Banking Association of ...