Migrant crossings drop at U.S.-Mexico border after Title 42 expires

By Sarah N. Lynch and Tyler Clifford WASHINGTON (Reuters) -Migrant crossings at the U.S.-Mexico border have unexpectedly fallen, not risen, since Title 42 curbs expired and reinstating criminal penalties for illegal entry is likely the biggest reason, the Biden administration said on Sunday. U.S. Homeland Security Secretary Alejandro Mayorkas said border patrol agents have seen…

Read More

Argentina raises economic defenses against inflation ‘onslaught’

By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s government is bolstering its economic defenses as it battles runaway inflation that hit 109% in April, fast draining central bank foreign currency reserves, a weakening peso and simmering market fears of a sharp-shock devaluation. The economy ministry announced a package of measures on Sunday including new interest…

Read More

Brazil’s Americanas looking for buyer for stake in Grupo Uni.co

SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to prospect parties interested in buying its stake in Grupo Uni.co. Americanas, which has the billionaire trio that founded 3G Capital as reference shareholders, said in…

Read More

Analysis-Tesla’s new car-making process stokes debate among industry experts

By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee (Reuters) – Tesla Inc’s new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk’s so-called unboxed process is radical, revisionist or derivative – or all of the above. Musk believes the company…

Read More

Argentina plans new rate hike, more FX intervention as inflation soars

By Jorge Otaola and Maximilian Heath BUENOS AIRES (Reuters) -Argentina’s government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors.     The measures include an interest rate hike by the central bank,…

Read More

US homeland security chief says border crossings are down 50% since Title 42 expiration

WASHINGTON (Reuters) – U.S. border patrol agents have seen a 50% drop in the number of migrants crossing the border since the pandemic-era immigration policy known as Title 42 expired at midnight on Thursday, Homeland Security Secretary Alejandro Mayorkas said on CNN’s “State of the Union” program on Sunday. “Over the past two days, the…

Read More

Colombia’s Avianca backs down from Viva Air merger

BOGOTA (Reuters) – Colombia’s flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country’s aviation regulator, the company announced Saturday. In a statement, Avianca said conditions set by the regulator “would not allow Viva to be a financially and operationally viable airline,” and also put Avianca’s stability…

Read More