BUENOS AIRES, Argentina — Argentina’s inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. Argentina’s statistics agency on Tuesday reported October’s number. In … Read more
DAKAR, Senegal — The European Union will not renew a fishing agreement with Senegal that has been criticized by many Senegalese, the EU delegation in the West African country announced Tuesday. The decision comes after the EU identified Senegal as a “non-cooperating country” in the fight against illegal fishing earlier this year, citing “failures in … Read more
Famed money manager Mario Gabelli, one of the largest shareholders in Paramount Global, urged the Federal Communications Commission to halt its review of the transfer of broadcast licenses in the media giant’s $8 billion merger with Skydance. Gabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount’s … Read more
Food and beverage manufacturer Kraft Heinz said Tuesday that it no longer is serving the Lunchables meals it created for U.S. schools. The company introduced the two packaged meals — one starring pizza and the other a turkey, cheddar cheese and cracker plate — at the beginning of the 2023-2024 academic year. At the time, … Read more
Mass deportations of illegal immigrants working in the US would likely disrupt the labor supply at some businesses, but it’s uncertain what impact it would have on inflation and the economy at large, Minneapolis Federal Reserve President Neel Kashkari said on Sunday. Kashkari appeared on CBS’ “Face the Nation” and outlined his views on the impact … Read more
Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported, citing people familiar with the matter. The ultra-low cost carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support from a majority of creditors, the report said. … Read more
Big tech lobbyists are pushing hard to get Makan Delrahim into the next Trump administration, despite his shaky record at the Department of Justice, sources told The Post. Delrahim, who was supposed to crack down on big tech in Trump’s first term as head of the DOJ’s Antitrust Division, slow-walked what was set up to … Read more
New York bankers are expected to pocket bonuses as high as 35% as Wall Street deal-making roared back to life after the economic malaise after the COVID pandemic. Johnson Associates, a firm that specializes in banking compensation issues, said chunkier profits, a surging stock market and low interest rates will lead to the first bump … Read more
James Dolan has abruptly nixed a tie-up with the company that manages his sports and entertainment venues after the firm disclosed plans to build a new arena in Las Vegas — a project that Dolan believes could compete directly against the Sphere, The Post has learned. The billionaire Knicks owner has quietly broken off an … Read more
Ratings-challenged CNN is reportedly set for a major bloodbath — with boss Mark Thompson expected to lay off high-priced on-air talent as part of wide-ranging layoffs. The cable network — which lagged behind rivals MSNBC and Fox News during last week’s Election Night coverage — will implement “layoffs that will impact hundreds of employees across … Read more