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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Arts & EntertainmentCarlos Slim

Carlos Slim scraps project with Donald Trump after Mexico insults

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June 30, 2015, 7:53 AM ET
Luminaries Gather For Clinton Global Initiative Annual Meeting
NEW YORK - SEPTEMBER 27: Mexican businessman Carlos Slim Helu, one of the world's richest men, smiles during a panel discussion about Latin America at the Clinton Global Initiative September 27, 2007 in New York. (Photo by Chris Hondros/Getty Images)Photograph by Chris Hondros—Getty Images
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A television company controlled by Mexican billionaire Carlos Slim has cancelled a project with real estate developer and TV personality Donald Trump after his comments insulting Mexicans, Slim’s spokesman said on Monday.

This is the third company to cut ties with Trump, who is seeking the Republican nomination for the November 2016 presidential election. NBC said earlier on Monday that it would no longer air the “Miss USA” and “Miss Universe” pageants due to his comments. Spanish-language broadcaster Univision also said on Thursday it would not air the “Miss USA” pageant.

Ora TV, a production company co-founded by Slim and TV personality Larry King and funded by America Movil, cancelled a program it was working on with some of Trump’s companies, Slim’s spokesman and son-in-law Arturo Elias said.

“His statement was totally out of line…working with someone so closed-minded was not going to work,” Elias said, adding that the comments were racist.

Trump, earlier this month, described migrants from Mexico to the United States as drug-runners and rapists.

Telecoms magnate Slim is the world’s second-richest man, with a net worth of around $71.1 billion, according to Forbes. Trump is at number 405 on the list, worth $4.1 billion.

The Financial Times first reported the cancellation of the project earlier on Monday.

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