Peru’s Cabinet Seeks New Legislative Powers on Economy From Congress

The government of Peru’s President Pedro Pablo Kuczynski said Thursday that it will request special powers to legislate economic policies from the opposition-ruled Congress, after growth slowed sharply during his first year in office. During a presentation in Congress, Prime Minister Mercedes Araoz said her cabinet wants to legislate policies aimed at consolidating an incipient economic recovery and making Peru a member of the Organization for Economic Co-operation and Development…

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Report: Rise in Natural Disasters Fueling Global Homelessness

New research finds nearly 14 million people a year are losing their homes because of sudden onset disasters such as floods and cyclones. The Internal Displacement Monitoring Center, which analyzed the impact of sudden onset disasters in 204 countries and territories, warns that homelessness will continue to rise unless significant progress is made in managing disaster risk. According to the research — officially released on Friday, marking International Day for…

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US Proposes NAFTA Sunset Clause, Raising Tensions in Talks

Washington has increased tensions in talks to renew the North American Free Trade Agreement by insisting that any new deal be allowed to expire after five years, two officials familiar with the negotiations said on Thursday. Canada and Mexico both strongly oppose the concept of a so-called sunset clause, a provision that had been floated earlier. But the officials, who asked not to be identified because the talks are confidential,…

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EU Says Little Progress Made in Brexit Talks With Britain

The European Union’s Brexit negotiator said Thursday that that little progress was made with the U.K. in a fifth round of talks on the country’s departure from the EU in 2019, and that he cannot yet recommend broadening negotiations to include trade.   Michel Barnier said that despite the “constructive spirit” shown in this week’s negotiations in Brussels, “we haven’t made any great steps forward.” On the question of how…

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Evergrande Property Magnate Seizes Top Spot On China Rich List

China has a new richest man, according to the annual Hurun rich list of the country’s top movers and shakers. Xu Jiayin, the chairman of developer China Evergrande Group, has seized top spot – beating out more familiar faces such as Alibaba Group Holding Ltd’s Jack Ma and rival property magnate Wang Jianlin of Dalian Wanda Group. Xu’s reported $43 billion wealth – a gain of around $30 billion against…

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Odd Mix of Industry, Environmentalists Fight Trump Coal, Nuclear Plan

The Trump administration says coal is back and nuclear energy is cool. Not at the expense of natural gas, wind and solar, insists an unusual coalition of business and environmental groups. Dow Chemical, Koch Industries and U.S. Steel Corp. are standing with environmentalists in opposing an Energy Department plan that would reward nuclear and coal-fired power plants for adding reliability to the nation’s power grid and are pressuring the administration…

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First Latina Makes History in Fortune 50 Most Powerful Women List

The ranking of the 50 most powerful women by Fortune magazine is out. The list include such stalwarts as General Motors Mary Barra and PepsiCo’s Indra Nooyi. But it also seven newcomers, including the first foreign-born Latina CEO on the Fortune 500, Geisha Williams. VOA Correspondent Mariama Diallo was at their annual gathering in Washington this week and has this report. …

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Bloomberg Pledges $64 Million to Anti-Coal Initiatives

Billionaire philanthopist Michael Bloomberg has pledged an additional $64 million for the initiatives intended to slash the number of U.S. coal power plants. Bloomberg’s charity announced Wednesday the money will be donated to environmental groups working to replace coal-fired plants with cleaner forms of energy production. The move came after the Trump administration said it would repeal the Clean Power Plan. VOA’s Zlatica Hoke has this story. …

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Russian Prime Minister Strikes Energy Deals in Morocco

Russian Prime Minister Dmitry Medvedev has signed a string of energy, military and other deals with Morocco during a North Africa tour.   Medvedev met Wednesday with Moroccan Prime Minister Saadeddine El Othmani and presided at a signing ceremony for 11 bilateral agreements.   The agreements cover cooperation in areas such as customs, agriculture, the military and culture, as well as energy efficiency and the peaceful use of nuclear energy….

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Coach No More; New York Company Wants to Be Called Tapestry

To better incorporate all of the brands it now owns, the storied Coach company of New York is changing its name to Tapestry.   The luxury goods company that came to prominence in the “Mad Men” era now owns brands like Stuart Weitzman and Kate Spade & Co. as well. CEO Victor Luis said Wednesday that the name Tapestry is more inclusive.   Coach acquired Stuart Weitzman in 2015 in…

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