Central America

Mexican authorities discovered this week a clandestine micro-refinery, as well as a half million barrels worth of crude oil that they believe were stolen from Mexico's pipelines. The government is cracking down on illegal imports of huachicol (illegal crude oil, refined products, and other goods), a practice which generates significant losses for the state energy company Pemex as well as the government. Authorities have linked Pemex and organized crime to illegal trade. Was unable to reach the owners of the clandestine refining plant. On Wednesday, Omar Garcia Harfuch, the Minister of Security for Homeland Security said that "a clandestine operations...

Sean Duffy, the U.S. Transportation secretary, said that he wants civil aviation to go back to a zero-tariff agreement from 1979 but added that it was part of broader talks on trade. Duffy, speaking at the Paris Airshow said that the White House is aware that the U.S. has a large aerospace export market, but that it faces a complex tariff situation. Airline companies, plane manufacturers and other U.S. trade partners are lobbying Trump for the restoration of the tariff-free regime that was established under the Civil Aircraft Agreement in 1979. This agreement has resulted in an annual surplus of...

Panama's Aviation Authority announced on Thursday that flights between Panama and Venezuela can resume after a diplomatic standoff. The suspension of the flights occurred nearly a full year ago due to a diplomatic dispute between the two countries. The Panamanian President Jose Raul Mulino refused to acknowledge the victory of Venezuelan President Nicolas Maduro in the July elections. This led Venezuela to withdraw its diplomatic representation and to halt air travel between Venezuela and Panama. The United States, as well as other Western nations, have condemned the Venezuelan election results that forced opposition candidate Edmundo Gonz to leave the country....

The latest trade war escalation by Washington has put pressure on the shares of U.S.-based companies. Earnings in many sectors are expected to be affected, including those in automakers, retailers, and raw materials. Donald Trump has imposed 25% tariffs for imports from Mexico, Canada and the United Kingdom. The tariffs cover more than $900 billion in annual U.S. exports to Mexico and Canada. Trump doubled the duties on Chinese imports from 10% to 20% in order to punish Beijing for the U.S. overdose crisis. The duty is on top of the 25% tariffs that were imposed in his first term....

The following are the leading stories in the Wall Street Journal. Reuters has not validated these stories and does not vouch for their accuracy. - OpenAI remains in early speak to raise as much as $40 billion in a. funding round that would value the ChatGPT maker as high as $300. billion. - Waste Management will shed 1,000 jobs this year,. accelerating its automation efforts, which will lower its. headcount by thousands and move the company better to its objective. of $450 million in expense cuts. - Allstate will sell its Group Health service to. Nationwide for $1.25 billion in...

Mexican authorities will investigate an occurrence at a gold mine in the Pacific seaside state of Guerrero which killed three workers, President Claudia Sheinbaum said on Friday. Canadian business Torex Gold, which operates the mine, reported on Thursday that 2 employees and a professional had been eliminated after being exposed to carbon monoxide. Another specialist was exposed and hospitalized, Torex said in a declaration. It stopped briefly operations. Sheinbaum told an interview the labor ministry and civil security authorities were reviewing the case and would deal with the households of the victims. She added that she had actually asked Labor...

2 of Latin America's. leading airlines Chilean provider LATAM and Mexico's Aeromexico. are thinking about alternatives to sustainable air travel fuel (SAF),. which stays in brief supply in the area, as a method to cut. carbon emissions. WHY IT'S IMPORTANT Air travel is a heavily contaminating industry due to the jet fuel. utilized to power airplanes. The sector agrees that the shift to. utilizing SAFs is a top priority to reach net-zero carbon emissions. commitments, and some nations have actually presented reward. programs or guidelines setting minimum portion targets for. SAF use. However, fuel feedstocks made from waste items such...

French jet engine maker Safran announced intend on Tuesday to invest more than 1 billion euros ($ 1.08 billion) and hire 4,000 people worldwide to significantly scale up its global engine repair work network. The strategy follows strong demand for the LEAP jet engines that it co-produces for Plane and Boeing in co-operation with GE Aerospace and is expected to improve Safran's share of the aftermarket, where engine makers make many of their earnings. Safran and GE Aerospace produce the engines through their joint venture CFM International, the world's largest engine maker by number of systems offered, which is celebrating...

The Commission for Ecological Cooperation (CEC), which manages ecological issues in the U.S., Mexico and Canada, will review a grievance on a Mexican rail task in the north of the nation, which conservation groups allege did not undergo proper assessments and crosses an area with endangered types. WHY IT is necessary Mexico has actually been fast-tracking strategies to develop train lines from the border with the United States to the Riviera Maya to boost tourism. The ecological problem is the very first sent under President Claudia Sheinbaum's administration, representing an early difficulty to her plans to continue the tradition of...

The following are the leading stories in the Financial Times. Reuters has not verified these stories and does not vouch for their precision. Headings - Simon Case steps down as UK cabinet secretary - EY selects Anna Anthony as UK employer after three-way race - Roche prepares to launch drugs and slash advancement expenses - LVMH offers Off-White streetwear brand name established by Virgil Abloh - Qatar Airways accepts buy 25% stake in Virgin Australia Summary Simon Case, Britain's a lot of senior civil servant, has revealed he is stepping down as cabinet secretary at the end of the year...

Mexican staterun airline company Mexicana will begin freight flights soon, its chief executive said on Monday, and is considering chances to introduce worldwide flights throughout the Americas. Mexicana, run by the military, re-started operations at the end of in 2015 after the government bought the rights to the brand from a defunct airline. At the moment, the carrier runs domestic traveler flights, utilizing the also military-run airport outside of Mexico City as its center. Quickly we'll begin using cargo (flights), CEO Leobardo Avila said at a panel along with magnate, consisting of the president of Brazilian planemaker Embraer . Mexicana...

Panama's civil air travel authority has actually been purchased to use a retaliation step versus Venezuela starting from Wednesday night, a cabinet spokesperson stated on Tuesday without providing additional details. WHY IT'S IMPORTANT Venezuelan President Nicolas Maduro revealed he had won a. third term soon after midnight on Monday, however the opposition,. independent pollsters and numerous global leaders have. called the result implausible. Panama has because suspended its diplomatic relations with. Venezuela and announced it will withdraw its diplomatic. workers until a complete review of the disputed vote is performed. The order follows an occurrence in which a plane leaving....

In recent days, protests by indigenous peoples and poor roads disrupted the shipping of Brazil's bumper soya crop via the river port Miritituba within the Amazon rainforest. This has caused concern for global companies such as Cargill and Bunge who have important operations. Abiove, the association of grain handlers in Nigeria, reported on Friday that road access to Miritituba had been partially or totally blocked for two weeks. This has prevented the shipment of almost 70,000 tons per day of grain, equivalent to almost $30 millions of product value. In a statement issued jointly with the farm group Aprosoja Brasil,...

The tariffs imposed by U.S. president Donald Trump on Mexican imports pose a significant risk to farmers in Jacksonville. This is because Mexico's retaliation could cause corn buyers to switch to South American rivals. Mexico is the top corn-importing country in the world. At a time when prices of grains have plummeted and chemical and seed costs for crops are on the rise, this market is crucial for U.S. producers. Farmers in Jacksonville, a small city of 17,000 residents, are more likely to benefit from Mexican demand than other farmers. The residents live near a grain loading facility where corn...

Presidentelect Donald Trump's threatened tariffs on the top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly threeyear trucking recession, sector experts stated. The market that moves whatever Americans make and buy is considered a financial bellwether, and will be amongst the first to signify any unexpected consequences of trade policies that Trump says will assist, not hurt, U.S. organizations. Tariffs like those proposed will raise costs, and higher rates suggest less need. Less demand equates to less freight, stated Jason Miller, interim chair of the department of...

Berkshire Hathawayowned BNSF Train will resume providing licenses for grain shuttle bus heading to Mexico beginning Tuesday, the company informed Reuters on Monday, in a relocation that could assist alleviate some delays impacting agricultural exports. The news comes as U.S. East and Gulf Coast port employees are set to go on strike on Tuesday, without any talks presently set up to avoid an interruption. Rail stockpiles have actually been interrupting export trade between the United States and Mexico and snarling farming supply chains as the fall harvest is under method. In late August, BNSF stopped issuing licenses for grain shuttle...

Canada is seeing an extraordinary simultaneous blockage at its two primary freight rail operators that might cause billions of dollars worth of financial damage. The two rail operators, Canadian National Railway and Canadian Pacific Kansas City, are holding different talks with the Teamsters' union, which represents more than 9,000 employees including locomotive engineers, conductors, train and backyard employees and rail traffic controllers. The companies locked out workers on Thursday after stopping working to reach a labor deal. Here are a couple of crucial facts about the two rail operators: HISTORICAL BACKGROUND CN Rail's history dates back to the 1830s, however...

For the first time, Canada's. two primary railway business Canadian National Railway. and Canadian Pacific Kansas City are seeing a. synchronised labor blockage that might cause billions of. dollars' worth of economic damage. WHY HAVE OPERATIONS AT BOTH BUSINESS STOPPED? Contract talks in between the Teamsters union and the business. typically take place a year apart, however in 2022, after the federal. federal government presented new guidelines on fatigue, CN requested a. year-long extension to its existing deal instead of work out a. brand-new one. This suggested both companies' labor agreements expired at the. end of 2023 and talks have...

For the very first time, Canada's. 2 primary railway companies Canadian National Train. and Canadian Pacific Kansas City are on the verge of a. synchronised labor stoppage that could inflict billions of. dollars' worth of financial damage. WHY ARE BOTH COMPANIES POISED TO STOP? Contract talks in between the Teamsters union and the business. normally occur a year apart, however in 2022, after the federal. federal government presented brand-new guidelines on fatigue, CN requested a. year-long extension to its existing offer instead of work out a. new one. This implied both companies' labor arrangements ended at the. end of 2023...

Canada's two main freight rail business locked out around 10,000 of their Canadian unionized employees early on Thursday, starting an extraordinary simultaneous work stoppage that will grind practically all railway freight motion in the country to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS ACROSS THE United States AND CANADA? Canadian National Railway Co and Canadian Pacific Kansas City have said their rail networks south of the border will continue to operate, however industry groups fear that a. work stoppage would have far-reaching results on the movement of. items and commodities throughout North America. CN and CPKC's coast-to-coast rail networks...

Canadian National Train (CN). and Canadian Pacific Kansas City (CPKC). revealed the lockout of their Canadian workers on Thursday. after failed labor talks, leading to a shutdown of their rail. networks in the country. The decision, confirmed by the Teamsters union representing. the workers, sets the phase for an unmatched rail blockage. that might badly damage the Canadian economy and have a. considerable effect on cross-border trade with the United States. Canada is the world's second-largest nation by location and. relies heavily on rail transportation. A stoppage would maim. deliveries of grain, potash and coal while also slowing the. transport...

Canada's two main freight rail business are set to lock out around 10,000 of their Canadian unionized workers on Thursday at 12:01 a.m. ET (0401. GMT), starting an unprecedented synchronised work interruption that. would grind practically all railway freight movement in the nation. to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS THROUGHOUT NORTH AMERICA? Canadian National Train Co and Canadian Pacific. Kansas City have said their rail networks south of the. border will continue to run, however market groups fear that a. work stoppage would have far-reaching impacts on the motion of. goods and commodities across The United States...

Canada's 2 primary freight rail companies are set to lock out around 10,000 of their Canadian unionized workers on Thursday at 12:01 a.m. ET (4:01. GMT), starting an extraordinary synchronised work interruption that. would grind practically all train freight movement in the country. to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS THROUGHOUT THE United States AND CANADA? Canadian National Train Co and Canadian Pacific. Kansas City have said their rail networks south of the. border will continue to run, but industry groups fear that a. work interruption would have significant impacts on the movement of. items and products across...

U.S. freight forwarder C.H. Robinson stated on Monday it was diverting some of its U.S. clients' ocean freight away from Canadian ports as the threat of a rail strike looms. It stated roughly 80% of its consumers who had actually changed are now exporting through Los Angeles/Long Beach ports and the rest through Seattle/Tacoma ports. Canadian railroads, Canadian National and Canadian Pacific Kansas City, are bracing for a possible work blockage by the Teamsters Canada Rail Conference Union. Now that a strike notification has been declared, a few of our Canadian export consumers are beginning to deliver time-sensitive products to...