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☆ Interpol-led LatAm swoop seizes thousands of weapons, $5.7 bln in drugs
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, April 18 (Reuters) - Interpol said on Tuesday its largest-ever fire arms swoop across Central and South America resulted in the seizure of thousands of illegal weapons and $5.7 billion worth of drugs after unprecedented cooperation by 15 countries. The operation found 8,263 illicit firearms and nearly 306,000 rounds of ammunition, as well as 203 tonnes of drugs and 372 tonnes of drug precursors. Eleven people were rescued in Paraguay when authorities dismantled a human trafficking ring, Interpol said. It said law enforcement had reported a spike in drug-related violence over the past year, fueled by trafficking of illegal firearms. The swoop saw participation from Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru and Uruguay.

☆ US must stem 'iron river' of guns flowing to Latin America, activists say
▼ + stars: | 2023-04-18 | by ( Sarah Morland | ) www.reuters.com time to read: +2 min

April 18 (Reuters) - U.S. guns, many of them exported legally, are flowing into Latin America in an "iron river" ending in the hands of drug cartels and abusive security forces, activists said Monday, calling for greater oversight from U.S. law and federal agencies. More than half of "crime guns" recovered and traced in Central America are sourced from the United States, according to U.S. gun control agency ATF. Burke called for rules preventing manufacturers from selling to dealers with lax distribution practices. Manufacturers should also stop selling armor-piercing weapons and guns that can easily be modified to shoot hundreds of bullets at a time, she said. U.S government figures show last year that income from legal firearm shipments to Latin America increased 8%, with most sales going to Brazil, Mexico, Guatemala and Colombia.

☆ EV tax credits 2023: Which models are eligible for up to $7,500 in tax credits?
▼ + stars: | 2023-04-17 | by ( Ella Nilsen | ) edition.cnn.com time to read: +7 min

Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. Which models are eligible for the new EV tax credit? Nine models, mostly from foreign brands including Hyundai and Nissan, do not qualify for the new tax credit. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. Which countries can the materials come from under the new EV tax credit rule?

April 14 (Reuters) - The United States has charged leaders of the Mexico-based Sinaloa Cartel with running a fentanyl trafficking operation fueled by Chinese chemical and pharmaceutical companies, U.S. Attorney General Merrick Garland said on Friday. Federal prosecutors unsealed three separate indictments charging more than two dozen defendants based in Mexico, China and Guatemala, eight of whom are in custody. Among those awaiting extradition is Ovidio Guzman Lopez, one of El Chapo's sons, who was arrested in Mexico earlier this year. Prosecutors also charged four owners of Chinese companies that allegedly provided precursor chemicals to the cartel. "The PRC government must stop the unchecked flow of fentanyl precursor chemicals that are coming out of China," he said, referring to the People's Republic of China.

☆ U.S. imposes sanctions on Chinese companies in action over fentanyl
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

The Treasury said it also designated five people based in China and Guatemala in the action targeting fentanyl production. "Illicit fentanyl is responsible for the deaths of tens of thousands of Americans each year," the Treasury's under secretary for terrorism and financial intelligence, Brian Nelson, said in the statement. The Treasury in the statement said it slapped sanctions on China-based chemical companies Wuhan Shuokang Biological Technology Co Ltd and Suzhou Xiaoli Pharmatech Co Ltd, as well as four Chinese nationals. Also targeted was a Guatemala-based broker of fentanyl precursor chemicals, who the Treasury said buys fentanyl precursor on behalf of Mexico-based drug traffickers. Mexico and the United States on Thursday agreed to ramp up the fight against fentanyl trafficking.

Attorney General Merrick Garland announced the charges at a news conference in Washington, alongside Drug Enforcement Administration Administrator Anne Milgram and other top federal prosecutors. The fentanyl trafficking, weapons and money laundering charges in three indictments involved a total of 28 defendants: 23 of whom are based in Mexico, four in China and one in Guatemala. A senior administration official on a call with reporters on Friday called the reward offers “unprecedented.”“These targets traffic fentanyl from around the world including from Mexico, (China) and Guatemala. These reward offers are part of a government wide attempt to put a halt to trafficking in illicit fentanyl and its precursor,” they added. And in late March, the US Food and Drug Administration approved an over-the-counter version of the opioid overdose antidote Narcan for the first time.

☆ Exclusive: Mexican firm seeks $380 million from Honduras over blocked unit
▼ + stars: | 2023-04-14 | by ( Valentine Hilaire | ) www.reuters.com time to read: +4 min

MEXICO CITY, April 14 (Reuters) - Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show. The invitations were properly handled, countered Daniel Garcia Barragan of the law firm Garcia Barragan Abogados representing JLL last week. This is the second claim against Honduras submitted to World Bank's ICSID this year, its website shows. Some analysts say this casts doubt on the Central American nation's ability to attract foreign investment. Executives had planned to expand operations to Guatemala, but pulled the plug due to its legal troubles in Honduras.

☆ Asian stocks ease ahead of US inflation data, Fed minutes
▼ + stars: | 2023-04-12 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

The Eurostoxx 50 futures was down 0.16%, German DAX futures up 0.01% and FTSE futures down 0.07%. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Markets are now pricing in a 66% chance of the Fed raising interest rates by 25 basis points in May and then pausing for the subsequent meetings, according to the CME FedWatch tool. The Fed last month raised interest rates by a quarter of a percentage point, taking it to a range of 4.75% to 5.00%. With oil prices rising again and labour market cooling only gradually, risk remains tilted for core inflation to remain elevated for longer," they said.

☆ Taiwan determined to safeguard freedom, democracy, President Tsai says
▼ + stars: | 2023-04-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

"Through this trip we again sent a message to the international community that Taiwan is determined to safeguard freedom and democracy which won acknowledgment and support from our democratic partners," Tsai said as she met Canadian lawmakers at her office in Taipei. We are willing to do our utmost to jointly safeguard the values of freedom and democracy with Canada and many more like-minded international partners." Despite China announcing the three days of drills had ended as scheduled on Monday, Beijing has continued military activities around Taiwan. Taiwan's defence ministry said on Wednesday morning that in the previous 24 hours it had detected 35 Chinese military aircraft and eight navy vessels around Taiwan. The aircraft crossing the median line included five Su-30 fighters at its northern end, with the other planes crossing at points in the centre and south.

☆ Missing key to cell sealed fate of migrants in Mexico fire, president says
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jose Luis GonzalezMEXICO CITY, April 11 (Reuters) - The 40 migrants who died in a fire at a detention center in Mexico last month were unable to escape because the person with the key to their locked cell was absent, Mexican President Andres Manuel Lopez Obrador said on Tuesday. "The door was locked, because the person with the key wasn't there," Lopez Obrador told a regular news conference. Five people so far have been arrested, including private security personnel and agents from Mexico's National Migration Institute, and another arrest warrant is still pending. Hearses carrying the bodies of victims from Guatemala and Honduras were taken to the Ciudad Juarez airport to be repatriated on Tuesday. Reporting by Kylie Madry, Writing by Daina Beth Solomon; Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ Couple who transformed an abandoned Japanese home into a guesthouse
▼ + stars: | 2023-04-05 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +11 min

He also happened to have his heart set on a traditional Japanese house, typically known as kominka, which are usually passed down over generations. “I had a vision.”Guesthouse dreamDaisuke and Hila Kajiyama transformed an abandoned farming residence in Japan into a guesthouse. He saved money by collecting traditional wood from building companies who were in the process of breaking down traditional houses. “Usually, with traditional houses, some renovations are made to the walls, because the insulation is not so strong. After doing some research into Japanese guesthouse permits, he discovered that one of the simplest ways to acquire one would be to register the property as an agriculture guesthouse.

The Chinese Embassy in Washington called self-ruled Taiwan "an inalienable part of China" and said the one-China principle was an "overwhelming trend" internationally. When Taiwan temporarily averted a split with Honduras after President Xiomara Castro took office in January 2022, U.S. State Department officials remained wary. The Biden administration is also keeping a close eye on tiny Belize for any cracks in its Taiwan relationship. Two U.S. officials said Washington was putting less stock in Taiwan maintaining its diplomatic allies in favor of efforts to increase its participation in international organizations. While denied a seat in the United Nations, Taiwan is a member of the WTO and the Asia-Pacific Economic Cooperation forum.

☆ Factbox: Diplomatic competition between Taiwan and China
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +3 min

April 5 (Reuters) - Taiwan and China have engaged for years in competition for diplomatic recognition, but the pendulum has long swung decisively in Beijing's favour. Honduras last month ended its decades-long relationship with Taiwan and said it only recognised China, leaving Taiwan with formal diplomatic relations with just 13 countries. Here are some facts about the diplomatic feud between Taiwan and China:* Following the communist revolution in China in 1949, the defeated Republic of China government fled to Taiwan, insisting that it remained the sole legal representative of the Chinese people. China says Taiwan is merely one of its provinces and only Beijing can represent the island on the world stage. * Some countries have swapped between Taiwan and China more than once, including Liberia and the Central African Republic.

LOS ANGELES, April 5 (Reuters) - Taiwanese President Tsai Ing-wen is set to meet U.S. House Speaker Kevin McCarthy on Wednesday in the first such meeting on U.S. soil, a plan that has drawn threats of retaliation from China, which claims self-ruled Taiwan as its own. It will be the highest-level meeting with a Taiwanese president on U.S. soil since Washington switched diplomatic recognition from Taipei to Beijing in 1979. A meeting in California is seen as a potentially less provocative alternative to McCarthy visiting Taiwan, something he has said he hopes to do. Washington called on China not to overreact, portraying Tsai's stopovers as routine and a normal part of its unofficial relationship with Taiwan. White House spokesperson Karine Jean-Pierre told a regular news briefing on Tuesday Tsai's transit was "private" and "unofficial."

☆ Belize reaffirms ties with Taipei as Taiwanese president visits
▼ + stars: | 2023-04-03 | by ( Jose Sanchez | ) www.reuters.com time to read: +2 min

[1/3] Taiwanese President Tsai Ing-wen arrives at Philip S. W. Goldson International Airport, Belize City, Belize in this handout picture released April 3, 2023. Tsai's visit comes a week after Honduras severed diplomatic relations with Taipei in favor of Beijing amid heightened U.S.-China tensions. China claims democratically ruled Taiwan as its own territory with no right to state-to-state ties, a position Taipei strongly rejects. Guatemala and Belize are two of just 13 countries that Taiwan has diplomatic relations with. The Taiwanese leader is set to meet with U.S. House Speaker Kevin McCarthy in a second U.S. stopover in California on Wednesday.

☆ Taiwan strengthens ties with Guatemala following Honduras rupture
▼ + stars: | 2023-04-02 | by ( Sofia Menchu | ) www.reuters.com time to read: +2 min

[1/3] Taiwan's President Tsai Ing-wen walks with her Guatemalan counterpart Alejandro Giammattei, during her visit at Chimaltenango hospital in Chimaltenango, Guatemala, in this photo released on April 2, 2023. Guatemala Presidency/Handout via REUTERSGUATEMALA CITY, April 2 (Reuters) - Taiwan's President Tsai Ing-wen completed a three-day trip to Guatemala on Sunday where she offered more cooperation with Guatemalan President Alejandro Giammattei's government, one of Taiwan's few allies in the world. Tsai's tour, which will take her to Belize on Sunday afternoon, comes a week after Honduras severed diplomatic relations with Taipei in favor of Beijing. China refuses to allow other countries to maintain diplomatic relations with both at the same time. While visiting Guatemala, Tsai signed a $4 million agreement to modernize rural areas and promised to promote and increase cooperation between the two countries.

☆ Survivor of Mexico detention fire and his family cross into U.S.
▼ + stars: | 2023-04-01 | by ( Lizbeth Diaz | ) www.reuters.com time to read: +2 min

REUTERS/Jose Luis GonzalezEl PASO, April 1 (Reuters) - After her husband survived a fire which killed dozens of migrants at a detention center in northern Mexico, Venezuelan Viangly Infante crossed into the United States on Saturday, in search of new opportunities for her three children. "The storm has passed," Infante, 31, said while holding back tears as she walked to the vehicle which would take her to a migrant center in El Paso. The family had arrived in Ciudad Juarez just before the new year, but only Caraballo managed to cross into the United States. Mexican authorities have shut down the detention center and arrested five people over the migrants' deaths, including INM staff, a private security agent, and a Venezuelan accused of starting the fire. In the days following the fire, the U.S government announced it would aid those affected, with Infante's family the first to receive help.

☆ Factbox: Relations between Taiwan and the United States
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +3 min

Here are some facts about the relationship between Taiwan and the United States. * During the height of the Cold War, Taiwan hosted U.S. military bases and the two had a Mutual Defence Treaty. * In 1979, the United States severed official relations with the government in Taipei and instead recognised the government in Beijing. * Post-1979, the U.S. relationship with Taiwan has been governed by the Taiwan Relations Act, which gives a legal basis to provide Taiwan with the means to defend itself, but does not mandate that the United States come to Taiwan's aid if attacked. * The United States retains a large de facto embassy in Taipei called the American Institute in Taiwan, staffed by diplomats.

☆ EV tax credit rules are about to get a lot more complicated
▼ + stars: | 2023-03-31 | by ( John Rosevear | ) www.cnbc.com time to read: +6 min

Critical minerals. The critical minerals ruleFor critical minerals, the Treasury Department proposed a three-step process for determining eligibility:Figure out where the critical minerals in the batteries came from. In addition, an EV that contains any critical minerals sourced from a "foreign entity of concern" won't qualify after 2025. The battery components ruleThe Treasury Department proposed a four-step process for battery components:Identify which battery components were manufactured or assembled in North America. In addition, starting in 2024, an EV that contains any battery components from a foreign entity of concern won't qualify for the credit.

☆ EV tax credits: New rules could slash the number of eligible electric vehicles. Here's what you should know
▼ + stars: | 2023-03-31 | by ( Ella Nilsen | ) edition.cnn.com time to read: +9 min

The new tax credit and the guidance are complex, and more information will be coming out in the coming weeks and months. The clearest impact on consumers will be the reduced number of vehicles eligible for credits starting April 18. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. What is in the new EV tax credit rule and why is it complicated? New guidance from the Biden administration suggests fewer EVs will be eligible for tax credits starting April 18.

☆ Taiwan’s President Lands in the U.S. Amid Threats From China
▼ + stars: | 2023-03-30 | by ( James T. Areddy | Charles Hutzler | ) www.wsj.com time to read: 1 min

Taiwan’s President Tsai Ing-wen in New York during what the U.S. says is a stopover on her way to visit Guatemala and Belize, which diplomatically recognize Taiwan. NEW YORK—Taiwan President Tsai Ing-wen arrived in New York on Wednesday for her first visit to the U.S. in more than three years, in the face of threats from Beijing that American politicians who engage with her could trigger unspecified retaliation. Her visit through Friday provides Ms. Tsai with a rare opportunity to command an international stage and promote the democratic island to its most prominent champion, the U.S.

☆ Taiwan leader's meeting with McCarthy could provoke a 'big' reaction from China, says analyst
▼ + stars: | 2023-03-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

A meeting between Taiwan's leader and U.S. House Speaker will provoke a strong reaction from China, said Anna Ashton, China director at the Eurasia Group. Taiwan's President Tsai Ing-wen will likely meet face-to-face with Kevin McCarthy when she makes a transit visit through Los Angeles next week. The meeting with McCarthy hasn't been officially confirmed. A meeting like this would be the senior most U.S. official meeting with a sitting Taiwan president on U.S. soil ever," Aston told CNBC's "Squawk Box Asia" on Thursday. "Beijing has already warned about their opposition to this meeting and we could see a reaction, even as big as the reaction after the Pelosi visit."

China said it would retaliate if House Speaker Kevin McCarthy meets with Taiwanese President Tsai Ing-wen during her planned stop in California next week, further stoking tensions around a highly scrutinized visit that is poised to test strained ties between Beijing and Washington. Ms. Tsai is set to meet with Mr. McCarthy and other Republican members of Congress at the Ronald Reagan Library in Simi Valley on her way back from visits to Guatemala and Belize. It is the second of two planned stops in the U.S. bookending her trip to Central America.

China says it will retaliate if Kevin McCarthy, the House speaker, meets with Taiwanese leader Tsai Ing-wen. China said it would retaliate if House Speaker Kevin McCarthy meets with Taiwanese President Tsai Ing-wen during her planned stop in California next week, further stoking tensions around a highly scrutinized visit that is poised to test strained ties between Beijing and Washington. Ms. Tsai is set to meet with Mr. McCarthy and other Republican members of Congress at the Ronald Reagan Library in Simi Valley on her way back from visits to Guatemala and Belize. It is the second of two planned stops in the U.S. bookending her trip to Central America.

BEIJING/TAIPEI, March 29 (Reuters) - China threatened to retaliate on Wednesday if U.S. House Speaker Kevin McCarthy meets Taiwan President Tsai Ing-wen during her planned transit of the United States next month, saying any such move would be a "provocation". China, which claims democratically-ruled Taiwan as its own territory, has repeatedly warned U.S. officials not to meet Tsai, viewing it as support for the island's desire to be seen as a separate country. China staged war games around Taiwan last August when then-U.S. House Speaker Nancy Pelosi visited Taipei, and Taiwan's armed forces have said they are keeping watch for any Chinese moves when Tsai is abroad. While not officially confirmed, she is expected to meet McCarthy while in California, at the end of her trip. The United States says such transits by Taiwanese presidents are routine and that China should not use Tsai's trip to take any aggressive moves against Taiwan.

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