Mexico Financial News

El Salvador has introduced a $1,130 fee on travelers from 57 countries, including India, passing through its main airport. This measure, enforced since the end of October, has drawn attention due to its timing amid increasing pressure from the United States to manage migration flows heading towards its southern border. El Salvador's aviation authority has labeled the fee as an «airport improvement fee,» but the motive behind it remains unclear. Notably, the US has been urging Central American nations to take steps to control the flow of migrants reaching its border with Mexico. While El Salvador has not explicitly linked the fee to migration control, the country has acknowledged a rise in travelers from the specified nations this year. Most affected passengers are destined for Nicaragua, primarily on Avianca, a commercial airline. Nicaragua, with its lenient visa requirements, serves as a transit point for migrants from Haiti, Cuba, and Africa, aiming to reach the US. Earlier this year, an unexpected increase in migrants from Mauritania arriving at the US southern border puzzled officials. Investigations revealed travel agencies and social media influencers promoting routes through Morocco, Spain, and El Salvador before reaching Nicaragua. El Salvador's aviation authority and immigration agency lack specific data on the number of migrants from the listed countries transiting the country in 2023. The US embassy has not confirmed if it played a role in requesting the fee.

By Moira Warburton and Ted Hesson

cantaloupes sold in multiple U.S. states during the week of October due to concerns about potential salmonella contamination. Consumers uncertain about their cantaloupe purchases during this period are advised to contact their retailer. As of now, there have been no reported illnesses linked to the recalled cantaloupes. The company is responsible for distributing cantaloupes, which are under scanner, directly to 10 states and Canada through various retailers, and there is a possibility that the fruits reached stores in additional states, as per the U.S. Food and Drug Administration. Sold between October 16 and October 23, the cantaloupes were packaged in cardboard containers bearing the «Malichita» label. Additionally, the fruits feature stickers with individual price look-up (PLU) codes. The upper portion of the sticker is white with «Malichita» in black, while the lower half is black with the number 4050 in white, accompanied by the words «Product of Mexico/produit du Mexique.» Salmonella, the cause for concern, can result in severe and potentially fatal infections in vulnerable populations, including young children, the elderly, and those with weakened immune systems. The FDA notes that healthy individuals may experience symptoms such as fever, diarrhea, nausea, vomiting, and abdominal pain. In rare cases, salmonella infections can lead to more serious conditions like arterial infections, endocarditis, and arthritis. Consumers in possession of the recalled cantaloupes are strongly advised to dispose of them or return them to the place of purchase for a refund, according to the FDA. Those who suspect they have fallen ill due to the consumption of the recalled product should seek medical attention promptly.

The foolish immigration policies of Prime Minister Justin Trudeau’s Liberals and their NDP backers have burdened Canada’s health-care system, inflated housing costs and are now starting to annoy Washington.

By Marcela Ayres

Belanova, Mana, Scorpions, Jorge Drexler, Silvana Estrada and Paramore will perform at the 2024 Vive Latino Festival. The lineup for the program to take place on March 16 and 17 also includes Greta Van Fleet, Fito Paez, Hombres G, and Babasonico. It will be held for the first time at the Autodromo Hermanos Rodriguez in Mexico City.

By Kylie Madry

The first version of the App has been developed and commercialised through OptRoute Logistics, an IIT Madras-incubated start-up co-founded by NS Narayanaswamy, professor at Department of Computer Science and Engineering, IIT Madras and Anuj Fulia, an IIT Madras alumnus.

By Heekyong Yang

«This two-step continuing resolution is a necessary bill to place House Republicans in the best position to fight for conservative victories,» Johnson said in a statement after speaking with GOP lawmakers in an afternoon conference call. «The bill will stop the absurd holiday-season omnibus tradition of massive, loaded up spending bills introduced right before the Christmas recess.» The bill excludes funding requested by President Joe Biden for Israel, Ukraine and the US border with Mexico.

By Troy Merida

By David Morgan

Apple co-founder Steve Wozniak remains hospitalized in Mexico City following a “health problem” while he was in the city to speak at a business conference

MEXICO CITY (Reuters) -The Bank of Mexico held its benchmark interest at 11.25% on Thursday as expected, underscoring it will likely maintain the reference rate at its current level for «some time,» reflecting a moderation in language from its previous statements.

By Moira Warburton

By Kylie Madry

Steve Wozniak was hospitalized in Mexico City on Wednesday due to a possible stroke, Mexican media outlets reported. The 73-year-old scientist and tech entrepreneur was scheduled to participate in a World Business Forum event in the Mexican capital's Santa Fe neighborhood.

The Treasury Department has imposed sanctions on 13 members of Mexico’s powerful Sinaloa cartel and four Mexico-based firms accused of trafficking fentanyl into the United States

Woodside Energy chief executive Meg O’Neill has declared oil and gas demand will remain “resilient” for decades as the company pushes ahead with almost $40 billion of new large-scale projects in Australia, Senegal and Mexico, despite mounting pressure to decarbonise.

Newmont boss Tom Palmer says Western Australia’s Telfer gold mine is “coming home” after wrapping up his Newcrest acquisition, challenging speculation that Telfer is headed for the auction block.

(Reuters) -Kinder Morgan said on Monday it would acquire NextEra Energy (NYSE:NEE) Partners' South Texas assets, STX Midstream, for $1.82 billion.