DIRS.INFO The most relevant business & tech news

☆ Panama publishes ruling finding First Quantum contract unconstitutional
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] File photo: People react after Panama's top court ruled the mining contract with Canadian miner First Quantum to operate a copper mine in the country as unconstitutional following weeks of protests against the deal, in Panama City, Panama November 28, 2023. REUTERS/Aris Martinez/File photo Acquire Licensing RightsDec 2 (Reuters) - Panama published a ruling finding Canadian miner First Quantum's (FM.TO) contract for an open-pit copper mine in the Central American country unconstitutional in the official gazette on Saturday. The contract had triggered caused widespread protests in Panama, and President Laurentino Cortizo said on Tuesday the mine would close as soon as the Supreme Court's ruling was formally published in the official gazette. Reporting by Valentine Hilaire; Writing by Alexander Villegas; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Aris Martinez, Laurentino Cortizo, Valentine Hilaire, Alexander Villegas, Jonathan Oatis Organizations: REUTERS, Central American, Thomson Locations: Panama City, Panama

☆ Panama trade minister resigns after mining contract backlash
▼ + stars: | 2023-11-30 | by ( Elida Moreno | ) www.reuters.com time to read: +1 min

PANAMA CITY, Nov 30 (Reuters) - Panama's Trade Minister Federico Alfaro announced his resignation on Thursday days after the country's top court ruled a contract between the government and Canadian miner First Quantum < FM.TO> was unconstitutional. The Central American country's trade ministry led negotiations on a contract between the government and First Quantum to operate a key copper mine, which opponents have deemed as too generous to the miner. In a resignation letter addressed to the president and shared on social media, Alfaro mentioned the contract, which generated months of protest throughout Panama, as well as the court ruling. Cortizo announced on Tuesday he will follow through with First Quantum's mine shutdown once the court's ruling is published in the country's official gazette, which has not yet happened. Incoming trade minister Rivera said in a separate public statement the ministry is evaluating actions to comply with the court's ruling and will start coordination talks with labor and environmental authorities.

Persons: Federico Alfaro, Alfaro, Laurentino Cortizo, Jorge Rivera, Cortizo, Rivera, Eli Moreno, Brendan O'Boyle, Isabel Woodford Organizations: PANAMA CITY, Panama's Trade, Central American, Thomson Locations: PANAMA, Panama, Lincoln

☆ Mexico president asks lawmakers to let US military trainers into Mexico
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/3] U.S. President Joe Biden meets with Mexican President Andres Manuel Lopez Obrador on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S. November 17, 2023. The announcement published Tuesday said President Andres Manuel Lopez Obrador sought permission for 11 U.S. military personnel to take part in a program called "Strengthening the Capacities of the Special Forces of the Defense Ministry." Lopez Obrador has vigorously defended the principle of Mexican sovereignty, passing measures to restrict the ability of U.S. counter-narcotics agents to operate in Mexico. The U.S. troops are expected to arrive in Mexico with their own weapons, ammunition and equipment, the Senate letter added. For his part, Lopez Obrador has been critical of U.S. anti-narcotics officials operating on Mexican territory, accusing U.S. Drug Enforcement Administration (DEA) agents of trampling on Mexican sovereignty.

Persons: Joe Biden, Andres Manuel Lopez Obrador, Kevin Lamarque, Lopez Obrador, Lopez Obrador's, Dave Graham, Drazen Jorgic, Franklin Paul, Deepa Babington Organizations: Economic Cooperation, REUTERS, MEXICO CITY, Mexican Senate, U.S, Special Forces of, Defense Ministry, Special Forces Group, Mexico's Defense Ministry, United States, Drug Enforcement Administration, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexican, Mexico, United States, Mexico City, Jan, Iraq, Afghanistan

"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.

Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama

☆ Argentina hikes taxes on dollar savings and bank card purchases ahead of Milei taking power
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. The change means that Argentines using dollar credit cards or buying foreign currency for savings will pay rates closer to those in alternative markets. This change comes after libertarian Milei, who proposes dollarizing Argentina's economy and eliminating the central bank, defeated the Peronist Economy Minister Sergio Massa in a presidential run-off on Sunday. To safeguard its limited foreign currency, Argentina set multiple exchange rates under strict controls in 2019. Reporting by Walter Bianchi; Writing by Natalia Siniawski; Edited by Eliana Raszewski and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Javier Milei, Milei, Sergio Massa, Walter Bianchi, Natalia Siniawski, Eliana Raszewski, Marguerita Choy Organizations: Argentine, REUTERS, Peronist Economy, Thomson Locations: Argentina, Argentine

☆ Vehicle explodes at Niagara Falls, forcing US-Canada border closings
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

[1/5] Police officers view the scene after an incident at the Rainbow Bridge U.S. border crossing with Canada, in Niagara Falls, New York, U.S. November 22, 2023 in a still image from video. Two people in the vehicle were killed in the blast and one border patrol official was injured, the Fox News Channel reported, citing unnamed sources. The three U.S.-Canada crossings along the Niagara River separating southern Ontario and New York state are among the busiest in the world. "The FBI is coordinating with our local, state and federal law enforcement partners in this investigation," the FBI statement said. Representatives for the U.S. State Department also did not immediately respond to a request for comment on the reported border closures.

Persons: Kathy Hochul, Dominic LeBlanc, LeBlanc, Hochul, Doug Ford, Ismail Shakil, Katharine Jackson, Daphne Psaledakis, Susan Heavey, Caitlin Webber Organizations: Police, Rainbow Bridge, REUTERS, Reuters, Rights, FBI, Terrorism, Force, New, Fox News Channel, CNN, Niagara Gazette, Whirlpool, Niagara - Frontier Transit Authority, Public, Ontario, ., Canadian, U.S . State Department, Thomson Locations: Canada, Niagara Falls , New York, U.S, United States, Niagara Falls, New York, Lewiston, Queenston, York, Ontario, Ottawa, Buffalo , New York

☆ Belgium bans use of Ozempic for weight loss until summer
▼ + stars: | 2023-11-14 | by ( Marine Strauss | ) www.reuters.com time to read: +1 min

Boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, is seen at a Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. Ozempic is approved to treat Type 2 diabetes but has increasingly been prescribed "off-label" to treat weight loss because it has the same active ingredient as Novo's hugely popular - and scarce - anti-obesity drug Wegovy. In Britain, doctors and prescribers, including private online pharmacies, have been ordered to stop prescribing Ozempic to people who don't have type 2 diabetes as soon as possible. They are also banned from starting new patients with type 2 diabetes on the medicine for as long as the shortage lasts. Last month, Belgium's federal medicine agency recommended doctors and pharmacists only prescribe Ozempic to diabetic patients due to the surge in demand.

Persons: George Frey, Ozempic, Marine Strauss, Mark Potter Organizations: Novo Nordisk, Pharmacy, REUTERS, Marine, Thomson Locations: Provo , Utah, U.S, Belgium, Britain

Senator Joe Manchin, a maverick who has often bucked party leadership in the past two years, said on Thursday that he will not seek re-election, hurting Democrats' chance of defending their thin Senate majority in the 2024 election. The move by the 76-year-old lawmaker will make it very difficult for Democrats to defend his West Virginia seat. "We like our odds in West Virginia," Senator Steve Daines, the head of Republican senators' campaign arm, said in a statement. David Bergstein, a spokesperson for the Senate Democrats' campaign arm, said the party was confident in its chances of strengthening its majority. Manchin has insisted that his only motivation is the coal-producing state of West Virginia and an eye on fiscal responsibility.

Persons: Joe Manchin, Manchin, Republican Donald Trump, Democrat Joe Biden, Steve Daines, Biden, Trump, David Bergstein, Matt Bennett, he's, Bennett, Julia Nikhinson, Jim Justice, Justice, Biden's, Kyrsten Sinema, Roe, Wade, Mitt Romney, Moira Warburton, Jasper Ward, Makini Brice, Richard Cowan, Jason Lange, David Morgan, Scott Malone, Alistair Bell, Daniel Wallis Organizations: Democratic U.S, United States Senate, Republican, Democrat, Democratic Party, White, Reuters, Biden, Democrats, Trump, Senate Democrats, U.S, Congress, REUTERS, SEAT West Virginia's Republican, Democratic, Charleston Gazette, Thomson Locations: West Virginia, Montana and Ohio, Pennsylvania, Arizona, Democratic, Washington , U.S, Washington, America, Jasper

☆ Tesla to roll into South America with first steps in Chile
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Tesla Inc. vehicle facility is pictured in Costa Mesa, California, U.S., November 1, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowSANTIAGO, Nov 9 (Reuters) - Electric vehicle maker Tesla (TSLA.O) is looking to make inroads in South America by hiring personnel for a new operation in Chile and registering its name, according to public documents. Tesla Chile was registered and published in the Official Gazette on Sept. 28 and includes "the import, export, manufacturing, marketing, distribution and sale of vehicles, especially electric vehicles." Although Tesla Chile was registered with headquarters in Santiago, the registration leaves the option for "branches or agencies that may be established in other cities in the country or abroad." This would be Tesla's first direct commercial operation in South America.

Persons: Mike Blake, Elon Musk, BYD, Fabián Andrés, Alexander Villegas, Bill Berkrot Organizations: Tesla Inc, REUTERS, Tesla, Elon, Thomson Locations: Costa Mesa , California, U.S, South America, Chile, Tesla Chile, Santiago

That lectern hasn't been seen at Sanders' public events, and the governor's office won't say where it is. A photo the Arkansas Democrat-Gazette ran on the front page after Sanders' office allowed the paper to view it has been widely circulated. When The Associated Press asked to see the lectern, Sanders' office sent an official photo of it instead. Mike Huckabee, has offered lawmakers the testimony of a client he says has firsthand knowledge of the governor's office interfering with public records requests. That includes a governor's office employee in September adding the undated “to be reimbursed” note to the original June invoice.

Persons: Sarah Huckabee Sanders, —, Washington —, Sanders, haven't, Jimmy Kimmel, Trump, we’re, ” Sanders, she's, “, Janine Parry, Matt Campbell, Campbell, ” Campbell, it's, Virginia Beckett, Tom Mars, Mike Huckabee, Biden, Bart Hester, ” Hester, ” Organizations: Republican, White House, The New York Times, Republican Party, Republican Party of Arkansas, Pentagon, University of Arkansas, Arkansas Democrat, Gazette, Associated Press, GOP, Beckett, Democrats, State Police, Gov, New, PAC Locations: Arkansas, Washington, Virginia

☆ Zimbabwe extends multi-currency system to 2030
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

A man poses with Zimbabwe's new two dollar banknote as customers queue outside a bank in Harare, Zimbabwe, November 12, 2019. REUTERS/Philimon Bulawayo/File Photo Acquire Licensing RightsHARARE, Oct 27 (Reuters) - Zimbabwe's government will maintain its multi-currency system, anchored by the U.S. dollar, to 2030, it said on Friday. The government had previously said that the multi-currency system would end in 2025. "Settlement of any transaction or payment for goods and services in foreign currency, shall ... be valid until the 31st December, 2030," reads the gazette. The government reintroduced the local currency in 2019, but it rapidly lost value again.

Persons: Emmerson Mnangagwa, Nyasha Chingono, Nellie Peyton, Rod Nickel Organizations: REUTERS, Philimon, Rights, U.S ., Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights HARARE

☆ Mexico declares country free of H5N1 bird flu
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Test tubes labelled "Bird Flu" and eggs are seen in this picture illustration, January 14, 2023. The decision will facilitate the sale of live poultry, as well as poultry products and by-products originating from Mexico, the gazette said. To guarantee Mexico remains free of the disease, the country will maintain in place epidemiological surveillance, traceability, control of movement and other strict safety procedures, according to the document. The Highly Pathogenic Avian Influenza, commonly called bird flu, has killed poultry flocks in the United States and Europe since last year. Report by Raul Cortes Fernandez Editing by Drazen Jorgic and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Raul Cortes Fernandez, Drazen Jorgic, Bill Berkrot Organizations: REUTERS, MEXICO CITY, Gazette, Ministry of Agriculture, Organization for Animal Health, Thomson Locations: MEXICO, Mexico, Nuevo Leon, United States, Europe, South America, Brazil, Ecuador

GREEN BAY, Wis. (AP) — A Wisconsin woman convicted of killing and dismembering a former boyfriend and scattering his body parts at various locations was sentenced Tuesday to life in prison without parole. A Brown County judge sentenced Taylor Schabusiness, 25, for the February 2022 killing of Shad Thyrion, 24. Prosecutors said Thyrion and Schabusiness had smoked methamphetamine in the basement of Thyrion’s mother’s Green Bay home before Schabusiness strangled, decapitated and dismembered him. Schabusiness’ defense attorney, Christopher Froelich, told the court she would speak on her own behalf before Walsh sentenced her. But when the judge asked Schabusiness if there was anything she’d like to say, she replied simply, “No, there isn’t."

Persons: dismembering, Brown, Taylor Schabusiness, Shad Thyrion, Schabusiness, Thyrion, Thomas Walsh, Christopher Froelich, Walsh, Froelich, there's Organizations: Prosecutors, Brown, Green Bay Press, Gazette Locations: GREEN, Wis, Wisconsin, Green

Theo FrancisTheo Francis covers corporate news and executive compensation for The Wall Street Journal from Washington, D.C. He specializes in using a wide range of data as well as securities filings and other publicly available documents to write about complex financial, business, economic, legal and regulatory issues. Theo joined WSJ's Texas Journal edition in Dallas in 2000 and went on to cover mutual funds, pensions, insurance, hospitals and the healthcare industry for the Journal from New York and Florida. He covered financial regulation and the financial crisis from Washington for BusinessWeek in 2008 and 2009. He has taught journalism at the University of Maryland and is a graduate of the University of Illinois and the Columbia University Graduate School of Journalism.

Persons: Theo Francis Theo Francis, Theo Organizations: Wall, WSJ's Texas, BusinessWeek, Petersburg, New York Times, National Public Radio, Bloomberg News, Arkansas Democrat, University of Maryland, University of Illinois, Columbia University Graduate School of Journalism Locations: Washington ,, Dallas, New York, Florida, Washington, Petersburg , Alaska, Arkansas

☆ Ten countries and territories saw severe flooding in just 12 days
▼ + stars: | 2023-09-16 | by ( Jessie Yeung | ) edition.cnn.com time to read: +14 min

Hong Kong CNN —September started with a typhoon that ripped through Hong Kong, uprooting trees and flooding the city. People walk past houses destroyed by heavy rain and flooding in Derna, Libya, on September 13, 2023. Elsewhere in Europe, a separate storm – Storm Dana – saw torrential rain across Spain, damaging homes and killing at least three people. Esam Omran Al-Fetori/Reuters An aerial view of the devastation after flooding caused by Storm Daniel on September 15. Abdullah Mohammed Bonja/Anadolu Agency/Getty Images This satellite photo shows the extent of Derna's flooding on September 12.

Persons: Hong Kong CNN —, ”, Jung, Eun Chu, Esam Omran, Chu, they’ve, Storm Daniel, Angelos Tzortzinis, Kyriakos Mitsotakis, Theodoros Skylakakis, “, Megala, Giannis Floulis, Dana –, Cross, Martin Griffiths, Ciaran Donnelly, Amr Alfiky, Ayman Al, Zohra Bensemra, Yousef Murad, Muhammad J, Abdullah Doma, Ahmed Elumami, Jamal Alkomaty, Abdullah Mohammed Bonja, Omar Jarhman, Ali Al, Saadi, Haikui –, Saola, Haikui, Maria Clara Sassaki, Rick Cinclair, Phil Klotzbach Organizations: Hong Kong CNN, UN, City University of Hong, Getty, Greek, CNN, International Committee, International Rescue, United Arab Emirates, Reuters Volunteers, Reuters, Elalwany, Anadolu Agency, Reuters Workers, Planet Labs PBC, AP, AFP, CNN Brasil, Worcester Telegram, Gazette, National Oceanic, Atmospheric Administration, of Atmospheric Science, Colorado State University Locations: Hong Kong, Libya, City University of Hong Kong, Derna, Europe, Greece, Palamas, AFP, Megala Kalyvia, Turkey, Istanbul, Bulgaria, Spain, Libyan, Shahhat, Asia, Taiwan, China, Shenzhen, Americas, Brazil, Rio Grande do Sul, Brazilian, United States, Nevada, Massachusetts, New Hampshire, Leominster , Massachusetts, El

Alison SiderAlison Sider writes about airlines and air travel from The Wall Street Journal’s Chicago bureau. She has chronicled the major U.S. airlines since 2018, most recently focusing on how they've navigated major crises such as the grounding of the Boeing 737 MAX and the global coronavirus pandemic. She joined the Wall Street Journal's Houston bureau in 2012 to write about the U.S. energy industry, and later covered oil markets in New York. Previously, she worked at the Arkansas Democrat-Gazette in Little Rock, Ark., covering business and reporting from the state Capitol. Alison has an MBA from the McCombs School of Business at the University of Texas at Austin and a BA in economics from the University of Chicago.

Persons: Alison Sider Alison Sider, they've, Alison Organizations: Boeing, Arkansas Democrat, Gazette, McCombs School of Business, University of Texas, University of Chicago, Twitter, LinkedIn Locations: Chicago, U.S, Houston, New York, Little Rock, Austin, alison.sider@wsj.com

PITTSBURGH (AP) — Dr. Richard W. Moriarty, a retired pediatrician from Pittsburgh who helped create the bright green Mr. Yuk sticker that warns kids away from poisonous substances, has died. Moriarty passed away on Thursday, according to Jeffrey Fugh of the funeral home John A. Freyvogel Sons Inc., which is handling arrangements in Pittsburgh. Moriarty was involved in establishing and developing the Pittsburgh Poison Center, where he served as director. He told the newspaper that the response by children in focus groups to the Mr. Yuk sticker's sickly green color and upset face was instrumental — "the Mr. Yuk symbol was designed by kids for kids.” The poison awareness campaign began in 1971. Visitation is Sunday and Monday, with a private funeral on Tuesday.

Persons: Dr, Richard W, Moriarty, Yuk, Jeffrey Fugh, John A, David Hairhoger Organizations: PITTSBURGH, Inc, Pittsburgh Poison Center, UPMC, Pittsburgh Post, Gazette, University of Pittsburgh, Carnegie Museum of, Pittsburgh Public Theater Locations: Pittsburgh, UPMC Shadyside, Pittsburgh's Lawrenceville

☆ Wisconsin sawmill has agreed to stop hiring children after a 16-year-old died on the job
▼ + stars: | 2023-09-07 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

A Wisconsin sawmill operator has agreed to stop hiring children after the death of a teenager. Michael Schuls, 16, died of "traumatic asphyxia" after an accident at Florence Hardwoods. The company also employed nine children, some as young as 14, "to illegally operate machinery," including saws for processing lumber. AdvertisementAdvertisement"While we did not knowingly or intentionally violate labor laws, we accept the findings and associated penalties," Florence Hardwoods said in a statement provided to Insider. In May, a pair of Wisconsin Republicans began circulating a bill that would allow 14-year-olds to serve alcohol; earlier, the state's Republican-led legislature legalized children working as late as 11 p.m.

Persons: Michael Schuls, Labor Julie Su, Schuls, Seema Nanda, —, Kim Reynolds, May, Reynolds, cdavis@insider.com Organizations: Labor, Service, US Department of Labor, Green Bay Press, Gazette, Sheriff's, Press - Gazette, Department of Labor, Wisconsin Republicans, Republican, Des Moines Register Locations: Wisconsin, Florence, Wall, Silicon, Mississippi, Iowa

☆ Thousands told to shelter in place at Burning Man fest in Nevada with access closed due to flooding
▼ + stars: | 2023-09-03 | by ( ) www.cnbc.com time to read: +2 min

RENO, Nev. (AP) — Thousands of Burning Man attendees trudged in sloppy mud on Saturday — many barefoot or wearing plastic bags on their feet — as flooding from storms swept through the Nevada desert, forcing organizers to close vehicular access to the counterculture festival. Revelers were urged to shelter in place and conserve food, water and other supplies. More than one-half inch of rain is believed to have fallen on Friday at the festival site, located about 110 miles (177 kilometers) north of Reno, the National Weather Service in Reno said. At least another quarter of an inch of rain is expected Sunday. "If it really turns into a disaster, well, no one is going to have sympathy for us," Jed said.

Persons: Revelers, wasn't, celebrants, weren't, Mike Jed, Jed Organizations: U.S . Bureau of Land Management, National Weather Service, The Reno Gazette, Associated Press, Land Management, Sheriff's Office Locations: RENO, Nev, Reno, Pershing

CNN —As thousands of people remain unable to leave the Burning Man festival in the Nevada desert after heavy rains inundated their campsites with ankle-deep mud Saturday, authorities say they are investigating a death at the event. Vehicles trying to drive out will get stuck in the mud, Burning Man organizers said Saturday. Dawn brought muddy realization to the Burning Man encampment, where the exit gates remain closed indefinitely because driving is virtually impossible. A rainbow appears at Burning Man in Black Rock Desert, Nevada, on September 2, 2023. “Burning Man is a community of people who are prepared to support one another,” Burning Man said on its website.

Persons: “, Trevor Hughes, Dawn, Hannah Burhorn, ” Burhorn, It’s, Sean Burke, Amar Singh Duggal, Andrew Hyde “, Duggal, Burhorn, ”, Andrew Hyde, Gerlach Organizations: CNN, Land Management, Reno Gazette, Sheriff’s, ” Authorities, Authorities, USA, ”, Vehicles, “, Resources Locations: Nevada, Pershing, Black Rock, Rock, BRC, Reno, San Francisco, , Nevada

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 2 (Reuters) - Thailand’s King Maha Vajiralongkorn endorsed a new cabinet, including real estate tycoon Srettha Thavisin as the country’s new prime minister and finance minister, according to a Royal gazette published on Saturday, months after the May elections. Srettha's Pheu Thai party, backed by the billionaire Shinawatra family, will oversee defence, transport, commerce, health and the foreign ministry portfolios. The second-place Pheu Thai broke off an alliance with Move Forward and brought on rival parties aligned with army generals that ousted Shinawatra-linked parties in 2006 and 2014 coups. Thaksin and the Pheu Thai party say that is not the case. The new cabinet has Pheu Thai controlling ministries overseeing the economy ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Maha Vajiralongkorn, Srettha Thavisin, Srettha's, Thaksin Shinawatra, Thaksin, Bhumjaithai, Srettha, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

Reviving Thailand's economy will be one of the biggest tasks for political newcomer Srettha, who became prime minister last month following prolonged uncertainty after a May election. On the day of the vote, Pheu Thai figurehead Thaksin Shinawatra returned to Thailand in a dramatic homecoming after living abroad for 15 years in self-exile to avoid an 8-year prison sentence. Srettha's rapid ascent to power, Thaksin's smooth return and a coalition between Pheu Thai and former rivals fuelled speculation about an agreement between Thaksin and his foes among the country's powerful conservative and royalist army. Thaksin and the Pheu Thai party say that is not the case. The Pheu Thai will control key economic ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Srettha Thavisin, Srettha, King Maha Vajiralongkorn, Thaksin Shinawatra, Thaksin, Bhumjaithai, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, waves at Don Mueang airport in Bangkok, Thailand August 22, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 1 (Reuters) - Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. His return overshadowed a vote in parliament that installed political ally Srettha Thavisin of the Shinawatra-backed Pheu Thai party, as prime minister. "Thais should accept and not criticise this outcome because it could be considered a violation of royal power," he said. Thailand's strict royal insult law shields the monarchy from criticism, carrying a prison sentence of up to 15 years.

Persons: Thaksin Shinawatra, Athit, Thaksin Shinawatra's, Thaksin, Srettha Thavisin, Thaksin's, Winyat Chatmontri, King Maha Vajiralongkorn, Thais, Chayut Setboonsarng, Panarat, Panu, Kanupriya Kapoor Organizations: Thai, REUTERS, Rights, Reuters, Thomson Locations: Don Mueang, Bangkok, Thailand, Rights BANGKOK

☆ Thai king reduces former PM Thaksin's prison sentence to one year
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: +1 min

Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. He arrived on a private jet and was transferred to prison to serve an eight-year sentence. On his first night, he was moved to a police hospital over chest pains and high blood pressure. On Thursday he submitted a request for a royal pardon. Thaksin "was a prime minister, has done good for the country and people and is loyal to the monarchy," the royal gazette said on Friday.

Persons: Thaksin Shinawatra's, Thaksin Locations: Thailand

[1/2] Aeromexico aircrafts and other planes are parked at gates at Benito Juarez International Airport in Mexico City, Mexico January 19, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Aug 30 (Reuters) - Mexico's government plans to cap flights at the Mexico City International Airport (AICM) to 43 an hour, according to an internal government document order seen by Reuters on Wednesday. The cuts follow previous flight caps at the airport last year, as the government attempts to reduce saturation in the Mexican capital's airspace. Earlier on Wednesday, the International Air Transport Association (IATA) urged Mexico to take alternative measures to its plans to announce flight reductions at AICM. Mexico last year moved to diversify its airspace around the capital, opening the Felipe Angeles International Airport (AIFA) north of Mexico City and turning back to the largely forgotten Toluca airport to the west of town.

Persons: Henry Romero, Carlos Velazquez, Felipe, Peter Cerda, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Cassandra Garrison, Leslie Adler, Stephen Coates Organizations: Benito Juarez International Airport, REUTERS, MEXICO CITY, Mexico City International, Reuters, Transportation Ministry, International Air Transport Association, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Toluca, IATA's, America, Texcoco, Mexican

Search resuls for: "Gazette"

25 mentions found