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Argentina economy to shrink 12% in 2020 as pandemic batters output: central bank poll


BUENOS AIRES Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.

Armenia property tax reform raises gentrification fears

(Thomson Reuters Foundation) - A property tax rise in Armenia risks forcing elderly people from homes they have lived in since the Soviet era and which have risen dramatically in value since then, critics have warned.

12:38pm EDT

Clock ticks on greener homes as UK seeks jobs and emissions cuts

LONDON (Thomson Reuters Foundation) - To meet a binding goal of achieving net-zero climate-changing emissions by 2050, Britain needs to upgrade its 29 million homes to use less fossil-fuel energy, often through measures such as adding insulation or swapping to low-carbon heating.

Jul 03 2020

Swisscom's Fastweb to invest in Telecom Italia last-mile network - sources

MILAN Fastweb, the Italian phone unit of Swisscom , is set to invest in the last-mile network Telecom Italia is looking to develop with U.S. infrastructure fund KKR, two sources familiar with the matter said on Friday.

Jul 03 2020

Fiat, PSA stick to merger deal after dividend cut report

MILAN Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders.

Jul 03 2020

Factbox: Germany's coal exit plan becomes law

FRANKFURT Germany's lower and upper houses of parliament formally approved a law on Friday on ending coal burning by 2038.

Jul 03 2020

Japan to improve bank settlement system, add jobs in economic growth strategy

TOKYO Japan's government will review bank transfer fees as part of a broader move to improve digital payment systems, an outline of this year's economic growth strategy showed on Friday.

Jul 03 2020

Take Five: Charging into the second half

After finishing the first half of 2020 on a high, bulls have charged into the remaining six months on promising news of a vaccine and data showing 4.8 million U.S. jobs created in June, after 2.7 million in May.

Jul 03 2020

RBS chairman calls on BoE to lift dividend curbs by autumn

LONDON The chairman of majority state-backed lender Royal Bank of Scotland has called on the Bank of England to lift curbs on dividends by the autumn to make lenders attractive to investors again.

Jul 03 2020

Marine fuel market facing tougher third-quarter as supply rises

SINGAPORE Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.

Jul 03 2020