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Namibia halts mining, quarrying operations

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 ...

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Covid-19: France’s business confidence plunges by record

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 ...

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Carnival seeks $7b to shore up its finances

Bloomberg Carnival Corp. is in talks to raise as much as $7 billion as the cruise ship operator seeks to shore up its finances amid a halt on global travel, according to people with knowledge of the matter. The company, looking to raise cash to improve liquidity as the Covid-19 pandemic upends its business, is being advised by lenders including ...

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