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Mexico, Singapore leaders back TPP ratification

  AFP Mexican President Enrique Pena Nieto said Friday that he and Singaporean counterpart Tony Tan will promote the ratification of a trans-Pacific trade pact. The two leaders met during Tan’s state visit to Mexico, the first by a Singaporean head of state to any Latin American nation. After talks at the capital’s ornate National Palace, Pena Nieto said the ...

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Burger King’s shareholders reject adding women to board

  Bloomberg Shareholders of Restaurant Brands International Inc., owner of Burger King and Tim Hortons, rejected a proposal that would require a clear plan to add women to the company’s all-male board. OceanRock Investments Inc.’s motion was defeated at Thursday’s annual meeting in Oakville, Ontario, according to the Canadian Press. The Vancouver-based investor became a shareholder when Miami-based Burger King ...

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Renewables will top gas as America’s biggest power producer in 2031

  Bloomberg Renewables will overtake natural gas as the dominant source of electricity generation in the U.S. in 2031, even without subsidies as wind and solar costs plunge, a Bloomberg New Energy Finance analysis showed. This U.S. shift will be driven by $745 billion in investments in renewables through 2040, outstripping the projected $95 billion that will be spent on ...

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Oil extends losses as US rigs drilling for crude rise

  Bloomberg Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1.8 percent in New York after dropping 4.2 percent in the previous two sessions. Rigs targeting crude in the U.S. rose by 3 to 328 last week, capping the longest run of ...

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Sweetened offer to help avert strike: Colombia miners

Bloomberg The main union at South32 Ltd.’s Cerro Matoso mine in Colombia, the world’s second-biggest source of ferro-nickel production, said there’s a greater chance of reaching a three-year wage agreement and avoiding a strike after management sweetened its offer. Cerro Matoso is offering workers a 7 percent raise this year, plus inflation-linked increases in 2017 and 2018. The proposal is ...

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Canada unemployment hits lowest since July on full-time jobs

  Bloomberg Canada’s jobless rate unexpectedly fell in June to the lowest in a year as full-time work increased and people left the workforce. The unemployment rate fell to 6.9 percent in May from 7.1 percent in April, Statistics Canada said from Ottawa. Economists surveyed by Bloomberg predicted the rate would rise to 7.2 percent. Employers added 60,500 full-time jobs, ...

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Orlando massacre shows chinks in USA anti-terrorism strategy

  Bloomberg The FBI let the Orlando mass-shooting suspect slip through its grasp despite interviewing him twice since 2013 due to a lack of evidence to hold him, a troubling fact that will pressure officials struggling to detect lone terrorists without eroding basic civil liberties. The FBI is investigating Sunday’s killing spree at a nightclub in Orlando, Florida, as an ...

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US Muslim leader condemns attack, slams extremists

  Washington / AFP The head of a prominent US Muslim advocacy group strongly condemned the nightclub massacre in Florida, calling members of the IS group an “aberration” amid allegations the gunman was inspired by the extremists. Nihad Awad, executive director of the Council on American-Islamic Relations, also called for unity and urged politicians not to “exploit” the slaughter in ...

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Massacre thrusts terror threat into American presidential race

  Bloomberg White House hopeful Donald Trump appeared bent on exploiting massacre in Orlando to boost the argument that he can be trusted to tackle terrorism over rival Hillary Clinton. With many victims of the carnage yet to be identified, and police still probing the suspected extremist’s ties of the slain gunman, Trump wasted no time in harnessing the assault ...

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Cameron relies on Labour to avert Brexit

  Bloomberg Prime Minister David Cameron turned to his traditional rivals in the opposition Labour Party to win over undecided voters with just 10 days to stop Britain from voting to leave the European Union. Gordon Brown, who was ousted by Cameron in 2010, was to make the case to stay in the 28-nation bloc, and other media interventions have ...

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