Peru swears in new president after tumultuous week of protests
By Marco Aquino LIMA (Reuters) - Peruvian lawmaker Francisco Sagasti was sworn in as interim president on Tuesday, voted for by Congress in an effort to return stability to a country that has seen deadly protests and the departure of two presidents over the last week. Sagasti, a legislator from the centrist Purple Party, is expected to serve out his term until July next year, with a new presidential election scheduled for April 11
By Marco Aquino
LIMA (Reuters) - Peruvian lawmaker Francisco Sagasti was sworn in as interim president on Tuesday, voted for by Congress in an effort to return stability to a country that has seen deadly protests and the departure of two presidents over the last week.
Sagasti, a legislator from the centrist Purple Party, is expected to serve out his term until July next year, with a new presidential election scheduled for April 11.
The Andean nation has been shaken since the abrupt ouster in an impeachment trial of popular leader Martin Vizcarra on Nov. 9. The removal of Vizcarra, whose anti-graft agenda had caused tensions with Congress, triggered often violent protests in which two young people died.
Vizcarra's successor, Manuel Merino, resigned on Sunday after just five days in power.
Sagasti's appointment has appeared to calm tensions, though a deep mistrust of the country's politicians remains. On Monday night, hundreds of people marched in the capital Lima, with calls for a new constitution and "justice for the fallen."
"I think that Sagasti is someone that gives democratic guarantees, who can get a transition towards a new government that will be okay," said one protester, Paloma Carpio.
Jose Murguia, also protesting, was less convinced.
"Quite frankly, it's the same rubbish. The mask has changed but everything is all the same," he said.
Sagasti, 76, an engineer and former World Bank official, has yet to name his cabinet, but has said he is open to including ministers from Vizcarra's government, which could open the door to the return of star economy minister, María Antonieta Alva.
"If they are people with experience, integrity and the desire to work, I think we would do wrong to leave them aside," Sagasti told local television station Canal N.
Sagasti is Peru's fourth president in less than three years, after the departures of Vizcarra and Merino, and the resignation of Pedro Pablo Kuczynski in 2018 on allegations of corruption.
Peru's sol currency
Peru, the world's no. 2 producer of copper, has been hit hard this year with one of the world's deadliest per capita outbreaks of COVID-19 , and is expected to post its worst annual economic contraction in a century.
(Reporting by Marco Aquino; Additional reporting by Maria Cervantes; Writing by Adam Jourdan; Editing by Bernadette Baum and Rosalba O'Brien)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks hit a record and oil prices jumped on Monday as the newest positive data for a potential COVID-19 vaccine and signs of economic recovery in Asia boosted sentiment. U.S. stocks advanced, with the Dow Industrials setting a record as it neared the 30,000 mark for the first time, after pharma company Moderna said its prospective vaccine was 94.5% effective in preventing the illness, which has crushed economies across the globe
By Anirban Sen and Joshua Franklin (Reuters) - Airbnb Inc's initial public offering (IPO) registration showed on Monday that the home rental startup turned a profit in the third quarter despite the COVID-19 pandemic, as it gears up for one of the most anticipated stock market debuts in recent years. The filing, published ahead of Airbnb's anticipated stock market debut in December, showed a dramatic recovery in its fortunes, after the coronavirus outbreak dragged down its core home rental business during the first half of the year. The slump forced it to lay off 25% of its workforce in May, suspend marketing activities for the year and seek $2 billion (£1.5 billion) emergency funding from investors, including Silver Lake and Sixth Street Partners, at a valuation of $18 billion
By David Lawder WASHINGTON (Reuters) - U.S. President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China's growing influence but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday.