Peru’s President Says He Did ‘Earn Some Money’ from Scandal-Plagued Builder

Peru’s president has acknowledged that he did “earn some money” from scandal-plagued Brazilian builder Odebrecht when his consulting business received payments from the builder more than 10 years ago In a televised interview Sunday, Pedro Pablo Kuczynski characterized the payments as simply “dividends,” the result of business and investments the …

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Powerful CEOs Demand DACA Fix

Two titans of U.S. business have come together to demand that Congress find an immediate solution for DACA recipients, whose legal immigration status will come to an end in March without intervention. Charles Koch, chairman and chief executive of Koch Industries, and Tim Cook, chief executive of Apple, wrote in …

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Disney to Buy Fox Film, TV Businesses for $52 Billion

Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com. Under the terms of the all-stock deal, Disney acquires significant assets from Fox, including …

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US Central Bank Raises Interest Rate Slightly

The U.S. central bank raised its key interest rate slightly Wednesday, but left the level low enough to continue stimulating economic growth. The Federal Reserve pushed up rates a quarter of a percent to a range between 1.25 and 1.5 percent. The increase leaves the benchmark rate below historic averages.     …

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Sweet Victory: French Candymakers Win China Legal War

Revenge is sweet for the makers of France’s traditional “calisson” candies, who have won a months-long legal battle with a businessman who trademarked the product’s name in China. The lozenge-shaped sweets, made of a mixture of candied fruit and ground almonds topped with icing, are widely enjoyed in France’s southern …

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Top EU Economic Powers Warn US About Tax Plans

The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade. In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, …

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