Balkans Skeptical of EU Plan for a Market

Serbian President-elect Aleksandar Vucic likes to use the past to explain the future. In 1947, as Josip Broz Tito was consolidating Yugoslavia, he built a railway through Bosnia that linked Serbs, Croats and Muslim Bosniaks, friend and foe after World War II. “Tito wasn’t stupid,” Vucic told Reuters. “People had …

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Trump Picks Hassett for Key Economics Adviser Post

President Donald Trump on Friday chose Kevin Hassett, an economics adviser to past Republican presidential candidates, to be chair of the White House Council of Economic Advisers. Hassett will play a critical role in analyzing the performance of the economy and impact of policy changes. Hassett is the research director …

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Ross: Trump Backs EXIM Bank to Boost US Exports

U.S. Commerce Secretary Wilbur Ross held out hope Thursday that the Trump administration will revive the U.S. Export-Import bank’s full lending powers, saying the institution is part of its “trade toolbox” to boost exports. The U.S. government trade lender has been hobbled for the better part of two years by …

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Conservative Groups’ Study Slams Proposed Border Tax

Conservative activist groups that generally support Republicans but oppose a pro-export, anti-import Republican tax proposal released a study on Thursday estimating its impact on individual U.S. states, underscoring the party’s division over taxes. The two activist groups, backed by billionaire industrialists Charles and David Koch, reported that seven states won …

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Trump Taps Lyft Executive for Transportation Post

The White House said Thursday that President Donald Trump plans to nominate a Lyft executive as under secretary of transportation for policy. Derek Kan is general manager for San Francisco-based ride services company Lyft in Southern California. He previously was policy adviser to Senate Republican Leader Mitch McConnell, the husband …

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Trump Adviser From Wall St. Backs US Bank Breakup Law

White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. The National Economic Council director, also a former Goldman Sachs president, expressed support to lawmakers for a banking …

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Tensions Rise as General Strike Paralyzes Argentina

Protesters in Argentina clashed with police during marches over government austerity measures on Thursday as labor unions challenged President Mauricio Macri in the first general strike since he took office 16 months ago. Security forces used high-powered water cannon and tear gas to control picketers who had blocked the Pan-American …

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Renewable Energy Breaks Records in 2016

More gigawatts of renewable energy were installed worldwide in 2016 than in any previous year, according to a new report. The Global Trends in Renewable Energy Investment 2017 report shows the costs of solar and wind energy continue to fall dramatically. But it also documents a slowdown in investment in …

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For ‘B Corporations,’ Real Value in Social Values    

Many companies aim for “Best in Class” status, but some are seeking another “B” — B corporation certification. Certified B corporations, or “B corps,” address the growing consumer interest in supporting socially and environmentally responsible companies. B corps are essentially for-profit companies that behave more like nonprofits, tackling global issues …

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For B Corporations, the Real Value is in Social Values

Many companies aim for B Corporation certification. Certified “B corps” address the growing demand for social and environmental responsibility. And more consumers are letting their wallets do the talking, aligning with business that complement their personal values. VOA’s Tina Trinh reports on the category of companies called B corps. …

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Mexico Changes Strategy to Protect Peso

Mexico’s central bank chief said Wednesday the bank altered course on how to protect the peso after a couple of tweets by U.S. President Donald Trump in early January pummeled the currency to near historic lows and wiped out the effect of a $2 billion currency intervention. The Banco de …

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Asian Growth Seen Steady, US Policy Uncertainty a Risk

Asia’s developing economies will see steady growth this year and the next, though the evolving policies of President Donald Trump’s administration are a major uncertainty, the Asian Development Bank said in a report Thursday. The Manila, Philippines-based lender forecast growth in developing Asia at 5.7 percent in 2017 — unchanged …

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