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New Zealand slips into its second recession in 18 months as economy contracts

WELLINGTON, New Zealand (AP) — New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country’s economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand’s official statistics agency, Stats NZ, announced on Thursday. …

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Netflix’s recent forays into live sports programming not expected to create any big waves soon

After being on the sidelines, Netflix has started dipping into live sports. Over the past few months, the streaming giant has aired exhibition events in golf and tennis. It is also slated to air the July 20 bout between Mike Tyson and Jake Paul. Beginning next year, Netflix will start carrying World Wrestling Entertainment’s flagship show, “Raw.” So there’s been …

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Budget Office report credits immigration and spending deals with improved outlook despite huge debt

WASHINGTON (AP) — The nonpartisan Congressional Budget Office said Wednesday that it expects the federal government to be awash in debt over the next 30 years, but the outlook has improved over the past year due to increased immigration and agreements to reduce spending. The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2024 …

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McDonald’s names its CEO as new board chairman, taps Kimberly-Clark exec as independent director

McDonald’s CEO will become chairman of the company’s board later this spring, the burger chain said Tuesday. Chris Kempczinksi, who was named McDonald’s president and CEO in late 2019, will succeed McDonald’s Chairman Enrique Hernandez Jr., who is retiring after 28 years on the Chicago company’s board. The transition will happen at the company’s annual meeting, which is expected to …

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Saints, defensive end Chase Young agree on 1-year contract for former No. 2 overall pick

NEW ORLEANS (AP) — The New Orleans Saints have agreed to terms of a one-year contract with free agent defensive end Chase Young, a move that provides reinforcements to an edge pass rush that periodically struggled to pressure quarterbacks last season. “I definitely plan to add a good piece,” Young said in a video conference with New Orleans reporters Monday …

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Blake Snell and San Francisco Giants agree to $62 million, 2-year contract, AP source says

Two-time Cy Young Award winner Blake Snell and the San Francisco Giants have agreed to a $62 million, two-year contract, a person familiar with the negotiations told The Associated Press on Monday night. The person spoke on condition of anonymity because the agreement was subject to a successful physical. Snell has the right to opt out after this season and …

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South Korean defense chief says North Korea has supplied 7,000 containers of munitions to Russia

SEOUL, South Korea (AP) — North Korea has shipped around 7,000 containers filled with munitions and other military equipment to Russia since last year to help support its war in Ukraine, South Korea’s defense minister said Monday. Shin Won-sik shared the assessment at a news conference hours after the South Korean and Japanese militaries said the North fired multiple short-range …

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La erupción volcánica en Islandia pierde fuerza y las defensas resisten, según autoridades

GRINDAVÍK, Islandia (AP) — La lava de una erupción volcánica en Islandia avanzó el domingo hacia las defensas colocadas en torno al pueblo de Grindavík, que por ahora han mantenido la roca fundida fuera de la población evacuada. La erupción parecía perder fuerza y probablemente terminaría en cuestión de horas, señalaron los científicos. Un sistema volcánico en la península de …

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