Argentina’s monthly inflation drops to 2.7%, the lowest level in 3 years

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…

The EU says it won’t renew a fishing agreement with Senegal criticized by many in the country

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…

Grubhub in talks to be acquired by Marc Lore’s Wonder: report

Wonder, a food-delivery startup led by former Walmart executive Marc Lore, is in advanced talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The European company had acquired Grubhub in 2020 in an all-stock deal for $7.8 billion, creating the world’s largest food delivery company outside…

Major Paramount shareholder Mario Gabelli urges FCC to delay key decision on Skydance merger

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…

Jury awards Abu Ghraib detainees $42 million, holds contractor responsible

ALEXANDRIA, Va. — A U.S. jury on Tuesday awarded $42 million to three former detainees of Iraq’s notorious Abu Ghraib prison, holding a Virginia-based military contractor responsible for contributing to their torture and mistreatment two decades ago. The decision from the eight-person jury came after a different jury earlier this year couldn’t agree on whether…

Kraft Heinz stops serving school-designed Lunchables because of low demand

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,…

CEO predicts Trump policies will ‘turbocharge’ economy more than Reagan

Ark Invest CEO Cathie Wood sees a bright future ahead with President-elect Trump’s return to the White House and predicted over the weekend that his policy agenda will likely usher in economic growth not seen in decades. In a post-election message to investors released Sunday, Wood likened America’s current economic situation to the early 1980s when…

Spirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report

Spirit Airlines is preparing to file for bankruptcy protection after new 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…

OpenAI co-founder Greg Brockman returns three months after leaving ChatGPT maker

OpenAI co-founder Greg Brockman has returned to the artificial intelligence startup three months after taking a leave from his role as president, he said in a post on X on Tuesday. An OpenAI spokesperson confirmed Brockman’s return. Brockman has been working with CEO Sam Altman on creating a new role for him to focus on significant technical challenges, Bloomberg News said,…

Wall Street set for bonus bonanza for first time in three years: study

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…

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