Australia

Milei government will declare Aerolíneas Argentinas as "subject to privatization"

Milei government will declare Aerolíneas Argentinas as “subject to privatization”

The presidential spokesperson, Manuel Adorni, confirmed this Friday that the Government will declare the state company Aerolíneas Argentinas “subject to privatization.” It will do so through an Emergency Necessity Decree (DNU) that the Executive Branch will publish in the coming days. in response to the open conflict between the aeronautical unions and the management of ...

Bad Bunny seeks to tip the balance for the November elections in Puerto Rico

Bad Bunny seeks to tip the balance for the November elections in Puerto Rico

Bad Bunny has turned Puerto Rican reggaeton into a global phenomenon worth millions of dollars. Now he is using that stardom to try to change politics on his native island. The three-time Grammy winner said he is paying for billboards in San Juan that criticize the New Progressive Party, the front-runner in November’s gubernatorial election.. ...

Trudeau's immigration plan in doubt as population growth slows

Trudeau’s immigration plan in doubt as population growth slows

Canada’s rapid population growth is slowing as Prime Minister Justin Trudeau’s government cuts immigrationHowever, the country is still a long way from its goal of drastically reducing the number of temporary residents, a group that is now larger than ever. It is estimated that 250,000 people were added in the three months to July 1, ...

Visa sued by US Department of Justice for antitrust

Visa sued by US Department of Justice for antitrust

He United States Department of Justice sued Visa Inc. for illegally monopolizing the debit card marketin the Biden administration’s first major antitrust case involving the financial industry. According to the complaint filed in federal court in Manhattan, Visawhich handles more than 60% of debit transactions in USAandentered into a series of agreements that penalized traders ...

Macquarie Group to acquire US$1.73 billion stake in Desri

Macquarie Group to acquire US$1.73 billion stake in Desri

Macquarie Group’s asset management division has agreed to acquire a minority stake in DE Shaw Renewable Investmentsa renewable energy company that owns, operates and develops wind, solar and battery storage projects in the United States. Capital investment of up to US$1.73 billion “aims to enable Desri to continue its growth and enhance its market leadership ...

Possible strikes threaten key ports in the eastern United States

Possible strikes threaten key ports in the eastern United States

Just as U.S. policymakers shift their focus from curbing inflation to shoring up the labor market, the economy is facing a jolt that threatens the kind of supply chain disruption and consumer discontent that swept through the pandemic — and potentially puts your daily dose of bananas at risk. This time, the shock comes just ...

J&J bankruptcy bid fails in Supreme Court, advocates say

J&J bankruptcy bid fails in Supreme Court, advocates say

Johnson & Johnson’s third effort to end lawsuits claiming its baby powder caused cancer in thousands of women should be dismissed because violates U.S. Supreme Court precedent and defeats the purpose of the U.S. bankruptcy system, creditors said in court papers. Healthcare giant can’t force women with ovarian cancer to join proposed $8 billion settlementunder ...

Traders need new playbook in stock market due to rate cuts

Traders need new playbook in stock market due to rate cuts

Wall Street traders face a unique challenge when betting on the stock market now that the Federal Reserve has started cutting interest rates: history is no longer a guide. The classic strategy for when rates fall is to buy stocks in sectors considered defensive because their demand is impervious to economic conditions, such as consumer ...

General Motors plans to lay off two-thirds of its workers at its Kansas factory

General Motors plans to lay off two-thirds of its workers at its Kansas factory

General Motors Co. said it will temporarily lay off two-thirds of the workers at its Fairfax Assembly Plant in Kansas. as it prepares facilities to begin production of the next Chevrolet Bolt model. “GM is investing approximately $390 million in our Fairfax Assembly Plant to add production of the new Chevrolet Bolt EV,” GM said ...

The Bar Association demands that pensions be fair for alternative mutualists

The Bar Association demands that pensions be fair for alternative mutualists

The first in-person plenary session of the General Council of the Spanish Bar Association (CGAE) unanimously approved a statement demanding fair pensions for alternative mutualists. This little-known social security system involves approximately 200,000 self-employed workers and qualified professionals in liberal activities, such as lawyers, engineers and doctors, who seek financial security in their old age. ...