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Economy

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

By Yeco on Friday, October 13, 2017

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 …

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Economy

Report: Rise in Natural Disasters Fueling Global Homelessness

By Yeco on Friday, October 13, 2017

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 …

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Economy

US Proposes NAFTA Sunset Clause, Raising Tensions in Talks

By Yeco on Thursday, October 12, 2017

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 …

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Technology

Richard Branson Takes Another Bet on Future with Hyperloop One

By Ytech on Thursday, October 12, 2017

British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems. Hyperloop One said Branson’s Virgin Group would take the company global and rebrand itself as …

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Technology

Facebook Chief Absolutely’ Supports Releasing Russia-linked Advertisements

By Ytech on Thursday, October 12, 2017

Facebook Chief Operating Officer Sheryl Sandberg said Thursday she “absolutely” supports the public release of all advertisements produced by a Russia-linked organization during the 2016 presidential election. Sandberg said the company is “working on transparency” following the revelation last month …

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Economy

EU Says Little Progress Made in Brexit Talks With Britain

By Yeco on Thursday, October 12, 2017

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 …

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Science

Trump Turns to Executive Order to Lower Health Insurance Costs

By Yscien on Thursday, October 12, 2017

Frustrated by failures in Congress, President Donald Trump will try to put his own stamp on health care with an executive order Thursday that aims to make lower-premium plans more widely available. But the president’s move is likely to encounter …

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Technology

Report: Waymo Demands at Least $1 Billion to Settle Uber Suit

By Ytech on Thursday, October 12, 2017

Alphabet Inc.’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo …

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Technology

Dutch Team Wins 7th Australian Solar-Powered Car Race

By Ytech on Thursday, October 12, 2017

A Dutch team won a solar-powered car race across Australia for a seventh time on Thursday, with a University of Michigan car likely to take second place in the biennial event. The Nuon team’s Nuna 9 car averaged more than …

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Economy

Evergrande Property Magnate Seizes Top Spot On China Rich List

By Yeco on Thursday, October 12, 2017

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 …

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Economy

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

By Yeco on Thursday, October 12, 2017

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 …

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Economy

First Latina Makes History in Fortune 50 Most Powerful Women List

By Yeco on Thursday, October 12, 2017

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 …

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Science

Brazilian Heart Recipient Enjoying New Healthy Lifestyle

By Yscien on Thursday, October 12, 2017

During last year’s Summer Olympics in Rio, tragedy struck when a German canoe slalom coach died from injuries he received in a car accident. But his heart was unharmed and was given to a Brazilian woman in her 60’s who …

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Economy

Bloomberg Pledges $64 Million to Anti-Coal Initiatives

By Yeco on Thursday, October 12, 2017

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 …

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Technology

Cross Continent Solar Car Race Sets Grueling Pace

By Ytech on Thursday, October 12, 2017

Every two years, Australia holds the World Solar Challenge. It is a grueling 3-thousand kilometer race across the Australian outback in cars powered only by the sun. Everyone from high school engineers to corporate sponsored giants is free to compete, …

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Technology

Facebook Gets Real About Broadening Virtual Reality’s Appeal

By Ytech on Wednesday, October 11, 2017

Facebook CEO Mark Zuckerberg seems to be realizing a sobering reality about virtual reality: His company’s Oculus headsets that send people into artificial worlds are too expensive and confining to appeal to the masses. Zuckerberg on Wednesday revealed how Facebook …

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Technology

California Moves Toward Public Access for Self-driving Cars

By Ytech on Wednesday, October 11, 2017

California regulators took an important step Wednesday to clear the road for everyday people to get self-driving cars. The state’s Department of Motor Vehicles published proposed rules that would govern the technology within California, where for several years manufacturers have …

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Economy

Explainer: China’s Crackdown on Big Dealmakers

By Yeco on Wednesday, October 11, 2017

Over the past few years, Chinese companies have flooded the globe with investments, buying up everything from real estate to football clubs and entertainment companies. As a result, hundreds of billions of dollars in capital have flowed out of the …

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Technology

Half of US, Japan Teens ‘Addicted’ to Smartphones

By Ytech on Wednesday, October 11, 2017

About half of teenagers in the United States and Japan say they are addicted to their smartphones. University of Southern California (USC) researchers asked 1,200 Japanese about their use of electronic devices. The researchers are with the Walter Annenberg School …

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Science

Four Outbreaks of Highly Pathogenic H5N8 Avian Flu Hit Italy This Month

By Yscien on Wednesday, October 11, 2017

There have been four outbreaks of highly pathogenic H5N8 avian flu in farms in central and northern Italy since the start of the month and about 865,000 chickens, ducks and turkeys will be culled, officials said on Wednesday. The biggest …

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Economy

World Bank: Sub-Saharan Africa to Grow at Slower Rate This Year

By Yeco on Wednesday, October 11, 2017

 Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April. It said the downgrade was due to a number of reasons, including Nigeria’s …

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Technology

Facebook’s Zuckerberg Apologizes for Virtual Tour of Devastated Puerto Rico

By Ytech on Wednesday, October 11, 2017

Mark Zuckerberg has apologized for showcasing Facebook’s virtual reality capability with a tour of hurricane-ravaged Puerto Rico. The Facebook founder and another executive discussed the platform’s virtual reality project through avatars in a video recorded live Monday. The video begins …

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Economy

Trump Discusses NAFTA Renegotiation with Canada and Mexico

By Yeco on Wednesday, October 11, 2017

U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau met at the White House Wednesday to discuss the renegotiation of the North American Free Trade Agreement amid growing animosity over how to reshape the pact. Trade experts predict the …

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Technology

US Researchers Genetically Modify Corn to Boost Nutritional Value

By Ytech on Wednesday, October 11, 2017

U.S. researchers said this week they have discovered a way to genetically engineer corn, the world’s largest commodity crop, to produce a type of amino acid found in meat. The result is a nutritionally rich food that could benefit millions …

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