Page 5 - Mexico

First time in 2 decades, Mexico overtakes China as leading exporter to US

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. The shift reflects the growing tensions between Washington and Beijing as well as US efforts to import from countries that are friendlier and closer to home. Figures released Wednesday by the U.S. Commerce Department show that the value of goods imported to the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion. At the same time, the value of Chinese imports imports tumbled 20% to $427 billion. The last time that Mexican goods imported to the United States exceeded the value of China's imports was in 2002. Economic relations between the United States and China have severely deteriorated in recent years as Beijing has fought aggressively on trade and made ominous military gestures in the Far East. The Trump administration began imposing tariffs on Chinese imports in 2018, arguing that Beijing's trade practices

Google Doodle celebrates 172nd b'day of Mexican lithographer Jose Posada

Today, Google Doodle commemorates Mexican artist and lithographer Jose Guadalupe Posada on his 172nd birth anniversary. Know more about his notable artwork

Google Doodle celebrates Mexican archaeologist Alfonso Caso's 128th b'day

Google Doodle is celebrating the 128th birthday of Mexican archaeologist and anthropologist Alfonso Caso. Here's all you need to know about him

Man walks on parked plane's wing in Mexico, passengers hail him. Here's why

At least 77 passengers aboard the AeroMexico flight to Guatemala extended their support to the man for his actions over the more than four-hour plane delay at the Mexico airport

Athletics legend Bolt drives record-breaking Formula E car in Mexico

The iconic Usain Bolt took out the record-breaking Formula E car, GENBETA, for a spin ahead of the Mexico E Prix here. The GENBETA last year broke the indoor land-speed world record with a top speed of 218.71 kmph, setting a new mark in the Guinness World Records title. The eight-time Olympic champion, Usain Bolt, who stands at 6 feet 5 inches tall, confessed that he initially felt claustrophobic while squeezing his tall frame into the car. "There was no space, it was just really, really tight and close. First time in my life that I've been claustrophobic but the moment I got going, I was just enjoying," said the fastest man on earth. But once he was comfortable, he accelerated from the start line on the track at the Autdromo Hermanos Rodrguez circuit, achieving 0-60mph in 2.89 seconds and powering through 100m in 4.36 seconds. The 37-year-old retired Jamaican sprinter, who holds the world records in the 100 metres and 200 metres, experienced the 400kW power of the GENBETA from th

US sees drop in illegal border crossings after Mexico increases enforcement

Daniel Bermudez's family had fled Venezuela and was headed to the US to seek asylum when the freight train they were riding through Mexico was stopped by immigration officials. His wife tried to explain that her family had permission to go to the US Instead, they flew her to Mexico's southern border as part of a surge of enforcement actions that US officials say have contributed to a sharp drop in illegal border crossings. In addition to forcing migrants from trains, Mexico also resumed flying and busing them to the southern part of the country and started flying some home to Venezuela. Even if temporary, the decrease in illegal crossings is welcome news for the White House. President Joe Biden's administration is locked in talks with Senate negotiators over restricting asylum and USD 110 billion in aid for Ukraine and Israel hangs in the balance. Bermudez said his wife became separated from her family when she talked to authorities as he gathered his stepchild and their belongings

Mexico and Venezuela restart repatriation flights to curb migration to US

Mexico and Venezuela announced Saturday that they have restarted repatriation flights of Venezuelan migrants in Mexico, the latest move by countries in the region to take on a flood of people travelling north to the United States. The move comes as authorities say at least 10,000 migrants a day have been arriving at the US-Mexico border, many of them asylum seekers. It also comes as a migrant caravan of thousands of people from across the region largely Venezuelans has trekked through southern Mexico this week. The repatriation flights are part of an agreement made between regional leaders during a summit in Mexico in October that aimed to seek solutions for migration levels that show few signs of slowing down. Mexico's Ministry of Foreign Relations said the two countries began repatriations with a flight on Friday and a second on Saturday in an effort to strengthen their cooperation on migration issues. The statement also said the two countries plan to implement social and work .

Migrant caravan in southern Mexico marks Christmas Day by trudging onward

Christmas Day meant the same as any other day for thousands of migrants walking through southern Mexico: more trudging under a hot sun. There were no presents, and Christmas Eve dinner was a sandwich, a bottle of water and a banana handed out by a local church to some of the migrants in the town of lvaro Obregn, in the southern state of Chiapas, which borders Guatemala. Migrants spent Christmas night sleeping on a scrap of cardboard or plastic stretched out under an awning or tent, or the bare ground. In the morning, it was waking as usual at 4 a.m., to get an early start and avoid the worst of the heat, walking to the next town, Huixtla, 20 miles (30 kilometres) away. Karla Ramrez, a migrant from Honduras who was travelling with other adults and four children, got to lvaro Obregn too late Sunday to get any of the food being given out by the church. So they had to buy whatever little they could afford. It was sad: we have never, ever been in the street before, Ramrez said. Our ...

India's inward remittances in 2023 rise 12.3% to $125 billion: World Bank

India continues to be the highest recipient of remittances globally, followed by Mexico ($67 billion) and China ($50 billion)

Capability, innovation hub mkt to nearly double to $117 bn by 2027: Report

The market size of capability and innovation hubs in India is expected to nearly double to USD 117 billion by 2027 from USD 65 billion valued at present, according to a report. Units engaged in oursourced work of overseas clients are referred as CIHs (capabilities and innovation hubs). The domestic CIH market is on course to increase at a compounded annual growth rate of 16 per cent till 2027 and reach USD 117 billion from USD 65 billion now, consultancy firm BCG said in its report. India leads CIH ecosystem globally with around 1,600 centres, followed by the Philippines, Malaysia, Poland, Brazil, Ireland, Mexico, Costa Rica, Romania, Morocco and the Czech Republic. The report said that CIHs are poised to play a more integral role in the growth of enterprises as they expand their portfolio of services to include front-end customer business facing operations and capabilities in upcoming technologies. Meanwhile, the report has projected the annual growth of global CIH spends at 10 p

Illegal border crossings into the US drop in Oct after 3-month streak

Illegal border crossings from Mexico fell 14 per cent in October from a month earlier, US authorities said, ending a three-month streak of big increases. US officials highlighted the resumption of deportation flights to Venezuela on October 18, shortly after Venezuelans replaced Mexicans as the largest nationality appearing at the border. Arrests of Venezuelans plummeted 45 per cent to 29,637 from 54,833, still second only to Mexicans. Arrests of Venezuelans fell even more, by 74 per cent, in the second half of October from the same period of September. Arrests for illegal crossings totalled 1,88,778 for all nationalities in October, down from 2,18,763 in September, which was the second-highest month on record. Arrests had more than doubled over the previous three months as migrants and smugglers adjusted to new asylum regulations introduced in May. Arrests of Chinese rose slightly to 4,247, with 99 per cent of them in the San Diego area, as more fly to Ecuador and make their way t

Apple co-founder Steve Wozniak hospitalised in Mexico City, say reports

Event organizers did not immediately respond to a request for comment. Wozniak had been set to speak at the conference at 4:20 p.m. local time

Hurricane Otis death toll rises to 48, 36 missing as search ops underway

At least 48 people died when Category 5 Hurricane Otis slammed into Mexico's southern Pacific coast, most of them in Acapulco, Mexican authorities said on Sunday as the death toll continued to climb and families buried loved ones. Mexico's civil defense agency said in a statement that 43 of the dead were in the resort city of Acapulco and five in nearby Coyuca de Benitez. Guerrero state's governor had earlier raised the number of missing to 36 from 10 a day earlier. The death toll increased after authorities had raised it to 39 on Saturday. In Acapulco, families held funerals for the dead on Sunday and continued the search for essentials while government workers and volunteers cleared streets clogged with muck and debris from the powerful Category 5 hurricane. Kathy Barrera, 30, said Sunday that her aunt's family was buried under a landslide when tons of mud and rock tumbled down onto their home. Her aunt's body was found with the remains of their three children ranging in age from

Indians top the list of those seeking citizenship in wealthy OECD nations

Out of those Indians who moved to OECD countries, 133,000 were granted nationality, the highest among all countries

Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory

"If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," he said on a conference call with analysts

18 migrants killed, and 29 injured in a bus crash in southern Mexico

At least 18 migrants from Venezuela and Peru died early Friday in a bus crash in southern Mexico, authorities said. Mexico's National Immigration Institute said the dead include two women and three children, and that 29 people were injured. There was no immediate information on their condition. Photos distributed by the institute showed the bus rolled over onto its side on a curvy section of highway in the southern state of Oaxaca. The cause of the crash on the town of San Pablo Huitzo, near the border with the neighbouring state of Puebla, is under investigation. The institute said a total of 55 migrants, mostly from Venezuela, were aboard the vehicle. It was the latest in a series of migrant deaths in Mexico amid a surge in migrants travelling toward the US border. Because migration agents often raid regular buses, migrants and smugglers often seek out risky forms of transportation, like unregulated buses, trains or freight trucks. Last week, 10 Cuban migrants died and 17 others

11 dead after Mexico church roof collapses; no more people believed buried

The roof of a church collapsed in northern Mexico during a Mass on Sunday, killing at least nine people and injuring around 50, authorities said as searchers probed in the wreckage late into the night looking for survivors and other victims. Approximately 30 parishioners were believed to have been trapped in the rubble when the roof caved in, officials said. Searchers crawled under the roof slabs and officials brought in dogs to help search for possible survivors. The Tamaulipas state police said about 100 people were in the church at the time of the collapse. The state security spokesman's office said late Sunday that nine people had been confirmed dead from the collapse, which it described as likely being caused by a structural failure. Tamaulipas state police said units of the National Guard, the state police and state civil defense office and the Red Cross were involved in the operation. The Mexican Council of Bishops issued a statement saying that we join in prayer at the tra

10,000 migrants heading to US border daily; blames sanctions: Mexico prez

Mexico's president has said that about 10,000 migrants per day are heading to the US border, and he blamed US economic sanctions on countries like Cuba and Venezuela for the influx. President Andrs Manuel Lpez Obrador said the number of migrants reaching Mexico's northern border with the United States was partly due to about 6,000 migrants per day crossing into Mexico from Guatemala over the past week. He said many of those migrants are traveling on a route through Central America that includes the jungle-clad Darien Gap region between Panama and Colombia. Lpez Obrador seemed to join Colombian President Gustavo Petro in blaming the situation on US sanctions on countries like Venezuela and Cuba, whose citizens make up a large part of the migrant flow. Experts say economic mismanagement and political repression are largely to blame for the tide of migrants leaving those countries. The United States has sanctioned both governments over what it considers the suppression of democracy.

Sun Pharma to buyout local partner Indi Pharma in Mexican subsidiary

Sun Pharmaceutical Industries Ltd on Thursday said it will buy out local partner Indi Pharma from its Mexican arm for MXN 161.85 million (over Rs 75 crore). The company has signed a binding letter of intent to acquire the balance 25 per cent outstanding shares of Sun Pharma de Mexico, SA de CV, a subsidiary where it currently holds 75 per cent shares, Sun Pharmaceutical Industries said in a regulatory filing. The balance of 25 per cent is held by local partner Indi Pharma S.A.P.I. de CV, it added. The cost of acquisition is MXN 161.85 million, it added. "The acquisition enables Sun Pharma to acquire the balance 25 per cent stake held by the local partner," the company said, adding it would be done through a wholly-owned subsidiary Sun Pharma (Netherlands) B.V. The acquisition is likely to be completed by October 31, 2023, and after that, Sun Pharma de Mexico SA de CV will become a wholly-owned subsidiary of the company, it said. Sun Pharma de Mexico is engaged in the marketing an

Fantastic job done on G20: Mexico Foreign Minister congratulates India

She also congratulated India on its successful lunar mission Chandrayaan-3 and stated that it is a great advancement