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UK may create 850,000 green energy jobs

Bloomberg Britain could create 850,000 new green energy jobs this decade if it uses recovery stimulus to fast-track decarbonisation, a report has found. Financial stimulus being used to kick-start the economic recovery from coronavirus should accelerate the UK’s path towards net-zero emissions and limit the worst effects of climate change, according to a report by a the cross-party IPPR environmental ...

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Macron to inject $9bn into ailing car industry

Bloomberg President Emmanuel Macron unveiled a raft of measures aimed at reviving France’s struggling car industry and drawing manufacturing back to local factories. The plan includes incentives for the purchase of electric cars, cash-for-clunkers to encourage consumers to trade in older, more polluting cars and subsidies for struggling car-parts makers. The total of roughly 8 billion euros ($9 billion) also ...

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Fitch downgrades Argentina to RD

Bloomberg Argentina’s ninth default on its external debt is now official after some of its bonds were cut to default status by two rating companies. Fitch Ratings reduced the South American nation to restricted default (RD), while S&P Global downgraded four of its dollar-denominated bonds to default from CC following a missed $500 million payment last week. That sets up ...

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