By Mica Rosenberg, Joshua Schneyer and Kristina Cooke MONTGOMERY, Alabama (Reuters) – On Nov 22, a team of state and federal labor officials conducted a surprise inspection and noticed a young-looking worker at a warehouse operated here by the logistics unit of Korean automaking giant Hyundai Motor Group. The inspectors, according to an Alabama Department…
By Jesús Aguado MADRID (Reuters) -Spanish banking group BBVA reported a 39% rise in first-quarter net profit on Thursday, beating forecasts on the back of a solid performance in Mexico, its main market, and keeping a lid on deposits costs. BBVA’s profit of 1.85 billion euros ($2.04 billion) for the January to March period was…
By David Alire Garcia MEXICO CITY (Reuters) – Chilean President Gabriel Boric’s pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America’s ascendant left but which has proven tough to implement in practice. While the former student protest leader’s proposal to…
By Ted Hesson and Matt Spetalnick WASHINGTON (Reuters) -President Joe Biden’s administration is devising a strategy for the possible arrival of tens of thousands more migrants at the U.S.-Mexico border after the anticipated end of COVID-19 restrictions next month, scrambling to find holding centers, speed deportations and increase processing of refugees abroad. The administration is…
By Lizbeth Diaz TAPACHULA (Reuters) – Thousands of migrants, detained for months in southern Mexico, formed a new caravan in protest on Sunday to head for the capital to speed up their applications for U.S. asylum. The migrants, mostly Venezuelans, started their march north early in Tapachula, the city bordering Guatemala whose detention centers have…
MEXICO CITY (Reuters) – The Bank of Mexico’s governing board may consider keeping its benchmark interest rate steady at its next monetary policy meeting, in what would be its first rate hold after 15 straight hikes, Central Bank Governor Victoria Rodriguez said on Tuesday. Banxico, as the Mexican central bank is known, hiked its key…
By David Lawder WASHINGTON (Reuters) – Rapid aging of both wealthy and middle-income countries will make their economies increasingly dependent on migration from poorer countries, and the process needs to be better managed, the World Bank said on Tuesday. The bank’s latest World Development Report said that about 184 million people across the world now…
MEXICO CITY (Reuters) – Mexican airline Volaris expects to operate under the U.S. Category 1 aviation safety rating in the fourth quarter, which would allow the carrier to add global flights as demand grows, CEO Enrique Beltranena said on Tuesday. He expects Mexico to regain the rating in a few months, Beltranena told analysts on…
By Daina Beth Solomon MEXICO CITY (Reuters) – An impending change in U.S. border policy could put increased pressure on Mexico’s migrant detention system and lead to more reports of rights violations, migrant advocates have warned, in the wake of a fire that killed 40 people. On May 11 the U.S. is slated to lift…
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
