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 HSBC Holdings Plc warned it still expects to book higher credit losses on the back of the coronavirus pandemic, even after regulators gave it more leeway to deal with unpaid loans. Europe’s largest bank also put its job-cutting programme on hold. In an update to investors contained in the prospectus for its latest debt sale, disclosed in a US …

Bloomberg The convulsions in European markets for the past month have traders looking back to 2008-2009, the last time the financial world seemed on the verge of collapse. The good news this time around is that policy makers are applying lessons learned from that crisis. From the US’s $2 trillion rescue package to massive bond buying by the European Central …