DIRS.INFO The most relevant business & tech news

☆ Ex-Peru president Toledo surrenders to US authorities, extradition imminent
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

[1/3] A media member streams their news desk on their phone screen while reporting outside Robert F. Peckham Federal Building and U.S. Courthouse on the day Peru's former President Alejandro Toledo, wanted in his home country on charges of taking millions of dollars in bribes, is expected to turn himself in for extradition, in San Jose, California, U.S. April 21, 2023. REUTERS/Loren ElliottApril 21 (Reuters) - Former Peruvian President Alejandro Toledo surrendered to U.S. authorities on Friday, a U.S. Marshals Service official told Reuters, a day after his bid to block his extradition to Peru over corruption charges was denied. The former president was arrested in the United States in July 2019 after a formal request by Peru for his extradition.

☆ Two Former Peruvian Leaders Share the Same Jail. Another May Soon Join Them.
▼ + stars: | 2023-04-21 | by ( Bianca Padró Ocasio | ) www.nytimes.com time to read: +1 min

LIMA, Peru — Two of Peru’s former presidents are behind bars, one convicted of human rights violations, the other accused of illegally trying to dissolve Congress. A third ex-president may soon join that ignominious group with all three sharing the same prison. Alejandro Toledo, who led Peru two decades ago, surrendered on Friday to law enforcement officials in California, according to a U.S. Once he is returned to Peru, Mr. Toledo is expected to be incarcerated while the case against him proceeds. Peru has endured years of political corruption and instability that has resulted in the Andean country being ruled by seven presidents in the last seven years.

WASHINGTON, April 20 (Reuters) - A U.S. federal judge in Washington on Thursday denied former Peruvian President Alejandro Toledo's bid to block his extradition to Peru, where he faces corruption charges. His lawyers had filed for an emergency stay earlier in the day to block his extradition, which was planned for Friday. "His emergency motion to stay is denied," U.S. District Judge Beryl Howell said in an order on Thursday. In her ruling, Howell said Toledo "has long been afforded substantial process" in the U.S. courts to contest his extradition. Howell, citing various legal factors, also said Toledo had failed to "demonstrate entitlement" to a stay of his extradition.

☆ You may have about 2 more months left to let your mom, brother, or anyone else outside your home use your Netflix login for free
▼ + stars: | 2023-04-18 | by ( Pete Syme | Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Netflix announced it planned to start rolling out paid account sharing later this quarter. The company has already cracked down on password sharing in Canada and some European and Latin American countries. You may have less than 2 months left to share your Netflix password with people outside your home before the company starts charging for the privilege. That means that by the end of June, you may be unable to give out your Netflix password for free. The streaming giant said account sharing affected over 100 million households, which "undermines our long-term ability to invest in and improve Netflix."

☆ Peruvian archaeologists unearth 500-year-old Inca ceremonial bath
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

[1/3] Archaeologists work in the remains of an ancient ceremonial Inca bathroom, discovered in a sector known as Inkawasi (House of the Inca), at the archaeological site Huanuco Pampa, in Huanuco, Peru April 5, 2023. Found near the "House of the Inca" in the Huanuco Pampa archaeological zone in central Peru, local archaeologists believe that the bath may have served a religious purpose for high-ranking members of the Inca empire, which 500 years ago extended from southern Ecuador to the center of Chile. The Huanuco Pampa archaeological site is part of the Qhapaq Nan project, a complex 25,000-kilometer-long road network that linked Ecuador, Colombia, Peru, Bolivia and Argentina. The road system was declared a World Heritage Site in 2014. Reporting by Marco Aquino; Writing by Sarah Morland; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Enel agrees to sell two Peruvian assets to China's CSGI for $2.9 bln
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

MILAN, April 7 (Reuters) - Italy's biggest utility Enel (ENEI.MI) said on Friday it agreed to sell its equity stakes in two Peruvian assets for $2.9 billion to China Southern Power Grid International (CSGI). Enel launched an asset sale plan in November that would narrow its focus to six core countries and cut its debt. At the end of last year, the company's net debt was down to 60.1 billion euros ($65.49 billion) from a peak of nearly 70 billion euros at the end of September. The deal is expected to reduce in Enel's consolidated debt by around 3.1 billion euros this year, with a positive impact of around 500 million euros on reported net profit. Under the agreement, Enel's Peruvian subsidiary will sell its entire stake of 83.15% in power distribution and supply company Enel Distribucion Peru and 100% of Enel X Peru, which provides advanced energy services, it said in a statement.

☆ Peru set to jail third ex-president as Toledo awaits extradition from U.S.
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

Peru's Justice Minister Jose Tello said on Wednesday night that a California court judge had ordered Toledo to turn himself in on Friday to the U.S. Marshals Service and await extradition after his request for bail was revoked. "Sooner rather than later, Toledo will answer to Peruvian justice," Tello told television station Canal N, adding that his extradition should take place in a "matter of days". The Peruvian minister said 77-year-old Toledo is expected to be held while he awaits trial in a jail complex in the outskirts of Lima that was built to hold former president Alberto Fujimori. Toledo was arrested in the U.S. in July 2019 following a formal request by Peru for his extradition.

☆ Mexican president criticizes Trump felony charges
▼ + stars: | 2023-04-05 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

MEXICO CITY, April 5 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Wednesday said he does not agree with the criminal charges brought against former U.S. President Donald Trump. "Supposedly legal issues should not be used for electoral, political purposes," Lopez Obrador told a regular news conference. Trump, the first sitting or former U.S. president to face criminal charges, pleaded not guilty. "It should be the people who decide," said Lopez Obrador, who said he could not say whether Trump was guilty or not. Lopez Obrador went on to lose the 2006 and 2012 presidential election - results he did not accept, alleging massive voter fraud.

[1/5] One of the dishes created by Bolivian chef Marsia Taha and Peruvian chef Virgilio Martinez with ingredients from the Amazon, gets served at Gustu restaurant, in La Paz, Bolivia, March 31, 2023. REUTERS/Claudia MoralesApril 3 (Reuters) - In the high altitudes of Bolivia's La Paz, some of South America's top chefs are paying homage to regional Amazonian culinary ingredients including gusanillo, or worm chili, tree bark that tastes like garlic, and honey from stingless bees. At Taha's restaurant Gustu in La Paz, a feast of colors and flavors was carefully spread out on wooden tables decorated with large leaves to celebrate the gastronomic diversity of the Peruvian and Bolivian Amazon. "This is not only a celebration of the Amazon and its biodiversity but of our producers as well. They are the ones who make it possible for these products to arrive to our homes or our restaurants," said Taha.

☆ Peru prosecutors probe president, ex-president for alleged money laundering
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

LIMA, March 28 (Reuters) - Peruvian prosecutors are investigating President Dina Boluarte and former president Pedro Castillo for allegedly laundering money as part of a criminal organization, the attorney general's office said on Twitter on Tuesday. The probe into the alleged crimes by Boluarte and Castillo is part of an ongoing investigation into alleged campaign finance crimes committed during Peru's 2021 presidential race. Castillo was removed from office in December after attempting to dissolve Congress before an impeachment vote. Boluarte over the weekend denied receiving illegal campaign contributions and said corruption accusations were a "political maneuver" seeking to undermine her government. Boluarte is also currently under investigation for her alleged role in the deaths of protesters killed in clashes with security forces in the months after she took office.

Soldering demand from the electronics sector remains weak and investors in London and Shanghai continue to play the market from the short side. Surging purchases of electronic goods during lockdown were followed by sharply reduced spending as many Western consumers were hit by a cost-of-living squeeze. LME positioning reports show both investment funds and other financial players are currently net short of the London tin contract after the early-year rally went into reverse. LME tin price, stocks and cash-3s spreadSHANGHAI STOCKS UP, LONDON STOCKS DOWNReasons to be negative are more obvious in China. ShFE registered tin stocks have risen by 60% to 8,745 tonnes since the start of January.

☆ Ecuador, Peru authorities assess damage after earthquake that killed at least 15
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +2 min

[1/6] A woman sitting on a hammock holds her baby next to the destroyed wall of her house following an earthquake in Isla Puna, Ecuador March 18, 2023. REUTERS/Maria Fernanda Landin/File PhotoMarch 19 (Reuters) - Ecuadorian and Peruvian authorities worked on Sunday to assess the damage caused by the previous day's strong earthquake that shook the region, leaving at least 15 dead and hundreds injured. State-run oil company Petroecuador reported that an offshore platform near the epicenter suffered damage that caused machinery to fail, temporarily reducing production. Peruvian authorities reported one death, four collapsed homes and five more left uninhabitable, while essential services and transportation infrastructure were undamaged. During his Sunday message, Pope Francis sent his condolences for the losses and "all those who suffer" due to the earthquake.

☆ Magnitude 6.8 earthquake shakes Ecuador, at least four deaths reported
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

[1/5] A damaged car and rubble from a house affected by the earthquake are pictured in Cuenca, Ecuador. REUTERS/Rafa Idrovo EspinozaQUITO, March 18 (Reuters) - A magnitude 6.8 earthquake shook a coastal region of Ecuador and northern Peru midday Saturday, leaving at least four people dead and resulting in some structural damage. In the community of Machala, three people were killed and multiple structures collapsed, including a two-story home and a wharf, while multiple communities lost power. The earthquake also led to structural damage in two other provinces, including a collapsed wall in a supermarket, and was felt in more than half of the country's 24 provinces, the Secretariat said. The initial quake was followed by two weaker aftershocks in the following hour, according to the Geophysics Institute of Ecuador.

The local unit of Canada's Xebra Brands (XBRA.CD) is the first company to obtain permits to cultivate, process, produce and market cannabis in Mexico, according to a statement from the firm. In its statement, Xebra Brands said it faces no restrictions where it can grow cannabis in Mexico, the size of cultivation facilities or processing volumes. "This represents an important moment for cannabis globally," Xebra Brands CEO Jay Garnett said in the statement. In an interview with Reuters in late 2021, the firm's former president said regulatory authorizations would position Mexico as the industry's most important North American player. Xebra Brands added it is actively looking for farm land and a site to build an extraction facility to produce CBD-rich hemp derivatives.

☆ These are Morgan Stanley's favorite Latin American stocks
▼ + stars: | 2023-03-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Latin America stocks are off to a solid start this year, and Morgan Stanley sees some names in the region posting strong gains in the near term. Latin American stocks got a boost last year as commodity prices rose due to the global economic reopening and the Ukraine-Russia war breaking out. Brazilian bank Itau Unibanco made the list, with Morgan Stanley expecting a total return of 54% this year, including dividends. "We think Itaú's strategic foresight and operational capabilities represent a meaningful competitive advantage in the marketplace," Morgan Stanley said in the note. However, Morgan Stanley said Credicorp "remains a top-class banking franchise that could navigate the current challenging based on management's execution capabilities."

☆ A Peruvian man was found carrying around a 600-year-old mummy in his cooler bag, calling it his 'spiritual girlfriend'. It was male.
▼ + stars: | 2023-03-01 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

A 26-year-old was caught carrying an ancient mummy in his delivery bag in Peru. The man said the mummy was his 'spiritual girlfriend,' and that he shared a bedroom with it. The mummy is believed to be an adult male that died between 600 and 800 years ago. Inside his cooler bag they found an ancient mummy believed to be 600 to 800-years-old, cowered in the fetal position. Dirreción desconcentrada de cultura de PunoBermejo said he kept the mummy in his bedroom in a box, next to his television.

CNN —A pre-Hispanic mummy, estimated to be between 600 to 800 years old, was discovered in a food delivery cooler bag by Peruvian police over the weekend. Police told CNN that the mummified remains were found with three men who were drinking in a deserted park in the Peruvian city of Puno on Saturday afternoon. “A 26-year-old man had a delivery bag labeled ‘Pedidos Ya.’ Inside they found a mummy,” senior agent Marco Antonio Ortega, who is a spokesperson for Puno region’s National Police, told CNN. Images of the discovery showed the mummy in a fetal position inside the red delivery bag. Images of the discovery showed the mummy in a fetal position inside the red delivery bag.

☆ Peruvian archaeologists unearth 30 pre-Inca era graves
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

HUARAL, Peru, Feb 25 (Reuters) - Peruvian archaeologists have discovered some 30 pre-Inca era graves in a cemetery belonging to the Chancay people, a group who inhabited valleys of Peru's central coast from 1000 to 1500 AD. The newly found 800-year-old graves have allowed specialists to know more about the Chancay culture, which has been little researched, Pieter Van Dalen, archeologist at San Marcos university, told Reuters. "In the last year we have discovered more than 2,000 burials in different cemeteries of the Chancay culture," he added. Television footage show archaeologists brushing dust off vases in different shapes with visible artwork in the cemetery. Reporting by Angela Ponce; Writing by Valentine Hilaire; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Enel Peru says state-run Chinese power firm eying possible purchase
▼ + stars: | 2023-02-24 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

LIMA, Feb 24 (Reuters) - The Peruvian unit of Italy's biggest power utility, Enel (ENEI.MI), said on Friday that state-owned China Southern Power Grid is carrying out "due diligence" on the local unit for a possible purchase offer on its energy distribution operations. Bloomberg reported earlier on Friday that the Chinese firm is weighing a possible bid for Enel's distribution business in Peru, which it said could be valued at some $3 billion. The Guangzhou-based power company's owner, state-owned Assets Supervision and Administration Commission of the State Council (SASAC), did not immediately respond to a request for comment. Part of that announcement included the plan to put up for sale Enel Peru's distribution and generation assets, which the state-controlled firm said was already under way at the time. On Friday, shares of Enel Distribucion Peru rose 25% on Lima's main stock exchange.

☆ U.S. agrees to extradite former Peruvian President Toledo, says Peru
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

LIMA, Feb 21 (Reuters) - Peru's attorney general's office said on Tuesday on Twitter that the U.S. State Department had agreed to extradite former Peruvian President Alejandro Toledo on corruption charges. Toledo, 76, was arrested in the United States in 2019 after Peru formally requested his extradition. Last August, the U.S. Department of Justice said it would return to Peru about $686,000 seized from Toledo. Federal prosecutors in the New York City borough of Brooklyn said Odebrecht had paid Toledo $25 million in bribes for highway construction contracts. Peru has faced a wave of corruption scandals related to the Odebrecht case in recent years.

☆ Bird flu kills sea lions and thousands of pelicans in Peru's protected areas
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

Feb 21 (Reuters) - Bird flu has killed tens of thousands of birds, mostly pelicans, and at least 716 sea lions in protected areas across Peru, the authorities said, as the H5N1 strain spreads throughout the region. Peru recorded its first case of the virus in November in birds in the north of the country. "We have also recorded since mid-January the unusual death of many sea lions, so far we have about 716 dead sea lions in seven protected natural areas of the coast," said Roberto Gutierrez, head of surveillance of the National Service of Natural Protected Areas. REUTERS/Sebastian Castaneda 1 2 3 4 5In South America, bird flu cases have been detected in Ecuador, Bolivia, Chile, Paraguay and recently in Argentina and Uruguay. In recent weeks, crews from Peru's National Forestry and Wildlife Service, in protective plastic suits, gloves and masks, have collected and buried hundreds of sea lions from several beaches along Peru's central coast.

Hidalgo, just outside Mexico City, is hundreds of miles from the border yet land and labor costs are lower. The United States and Canada have formally entered a trade dispute over Mexico's energy policy. It remains unclear exactly what Tesla's investment in Mexico will look like and what the company plans to produce in the country. Yet Mexico's capacity for a nearshoring boom has been held back by Lopez Obrador, particularly his energy policies, analysts said. Reporting by Diego Ore and Daina Beth Solomonin Mexico City Additional reporting by Kylie Madry in Mexico City Editing by Stephen Eisenhammer and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Machu Picchu reopens to tourists after closure over civil unrest
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

CUSCO, Peru, Feb 15 (Reuters) - The Incan citadel of Machu Picchu, one of South America's biggest tourist draws, reopened to visitors in Peru on Wednesday after several weeks of closure due to civil unrest. Although the protests and road blockades, which have been focused in the south of Peru, are ongoing, there has been a relative calm in recent days. The mountain citadel of Machu Picchu was built in the 15th century, probably for an Incan emperor. It was abandoned around the time of the Spanish conquest and rediscovered in 1911 by American explorer Hiram Bingham. Reporting by Carlos Valdez and Liamar Ramos; Writing by Rosalba O'Brien; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Peru's Boluarte vows to crush 'narcoterrorism' after deadly police ambush
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

[1/6] Police officers carry flag-draped coffins during a ceremony to honor their seven fellow troopers gunned down during an ambush last Saturday, in Lima, Peru February 13, 2023. "My government has ordered a frontal fight against this alliance of terrorism and drug-trafficking in the VRAEM and throughout the nation's territory," Boluarte said at the funeral. After Colombia, Peru is the world's largest producer of coca leaf and cocaine, according to U.N. estimates. Boluarte - herself under investigation for protest deaths - called for peace and said her government would continue to work on the "wellbeing of the population." Reporting by Marco Aquino; Writing by Sarah Morland; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ GOP Gov. Chris Sununu jokes that Marjorie Taylor Greene's 'fur thing' at the State of the Union made her look like 'she belonged on the top of Mt. Washington'
▼ + stars: | 2023-02-09 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Chris Sununu joked about Rep. Marjorie Taylor Greene's State of the Union wardrobe choice. He described her white coat with fluffy fur trim as a "fur thing." "She looked like she belonged on the top of Mount Washington," he said. Chris Sununu said he's not sure what was happening with Rep. Marjorie Taylor Greene's State of the Union wardrobe selection, describing her $495 Peruvian alpaca wool coat as a "fur thing." She looked like she belonged on the top of Mount Washington."

Search resuls for: "Peruvian"

25 mentions found