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MEXICO CITY, May 30 (Reuters) - Mexican firm KIO is aiming to double the capacity of its data centers over the next two years, taking advantage of President Andres Manuel Lopez Obrador's drive to boost nearshoring and tech firms' expanding Latin American footprint. "Our growth plan involves creating over the next two years the same capacity we have accumulated in the last 22 years. Sapien added that the adoption of data centers in the region has been slow due to companies' apprehension towards outsourcing the hosting of their data. KIO, which operates in five countries and has 20 data centers in its portfolio, is expanding operations in the northern Mexican city Monterrey after acquiring land for its new data campus. The expansion is strategic for the company as it expects to serve firms coming to Mexico due to the nearshoring trend, said Sapien.
Persons: KIO, Andres Manuel Lopez Obrador's, Jorge Sapien, Sapien, Nearshoring, Valentine Hilaire, Christopher Cushing Organizations: MEXICO CITY, Monterrey, Thomson Locations: MEXICO, Mexican, Mexico, American, Asia, Panama, Guatemala, Colombia, Spain
Spain's ruling Socialists suffered heavy losses to opposition conservatives in Sunday's local election, with around 95% of the votes counted, showing their electoral vulnerability ahead of an end-of-year general election. Only three of the 12 regions holding elections will retain Socialist dominance by very narrow margins, with the rest likely go to the conservative People's Party, albeit with coalitions or informal support agreements with the far-right Vox party. The gains for the People's Party (PP) indicate the conservatives could unseat the current left-wing coalition led by the Partido Socialista Obrero Español (PSOE) if they replicate the performance in national elections by December. The numbers showed few clear majorities, except in the Madrid region where regional president Isabel Diaz Ayuso of the PP looked set to win re-election with an absolute majority. Campaigning had been marked by several controversies, from allegations of voter fraud in small towns to an unprecedented case of kidnapping.
Today the Spanish language is the fourth-most-spoken language in the world, and it is the most common language spoken in the United States after English. Then there is the Mexican population that lived here long before the United States claimed their land. Each wave infused American Spanish with local flavor. That’s partly because the language spoken in each country has unique characteristics, at the national and the regional level. American Spanish features all of these elements, which depend on the national background and geographic location of the speaker.
Calling the move "surprising", the transport unit Grupo Mexico Transportes (GMXT.MX) said the Navy had occupied its facilities at the Coatzacoalcos-Medias Aguas section at 6 a.m.(1200 GMT), and that it was weighing up its options. Grupo Mexico Transportes will keep providing services under supervision of the armed forces, it said. The section "expropriated" is about 1.1% of the 11,137 km run by Grupo Mexico's transport division, analysts at brokerage Vector said in a client note. Grupo Mexico, owned by tycoon German Larrea, has been closing in on the acquisition of U.S. Citigroup Inc's retail banking operations in Mexico. Shares in Grupo Mexico were down by more than 4% on Friday afternoon, a drop mirrored by Grupo Mexico Transportes' stock.
CNN —The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation that has reached 30-year highs. Central banks across the globe are struggling to rein in inflation, but it’s a particular problem in Argentina, where the annual inflation rate soared above 100% last month. (By comparison, inflation hovers below 5% in the US, where the central bank has raised key interest rates by five percentage points over 14 months.) Argentina’s central bank is also hoping the rate hike will incentivize investments in the country’s currency, according to the central bank’s statement released Monday. “When a central bank raises the interest rate, the effects are felt some two or three months afterward, and that timescale is not effective in Argentina’s situation.”— Elisabeth Buchwald contributed reporting.
“Many things have happened [in my career] for the better and mistakes or not, it has always been for the better. With more than 130,000 people in the stadium that day, it remains one of the biggest attendances in boxing history. “I feel very happy and I hope to be a good example for them. But if Ryder wins on Saturday, it will go down as one of the greatest upsets in the history of the sport. If you’re in the US or Canada, you can watch on DAZN pay-per-view and in the UK with a DAZN subscription.
YouTube is testing a feature that lets creators add multiple audio tracks to a single video. The feature lets creators add audio tracks in several different languages. YouTube has been quietly testing the ability for creators to add multiple audio tracks in different languages to their videos, the company confirmed to Insider. The feature is both giving a second chance to old YouTube videos through dubbing, and allowing new videos to reach global audiences. So far, those with access to YouTube's new audio track feature can upload multiple tracks at once, or go back and add more tracks to an old video, Mansorian said.
Hulu + Live TV offers over 85 channels, plus Hulu's entire on-demand catalog, for $70 a month. Hulu + Live TV plans start at $70 a month and include over 85 channels, as well as access to Disney Plus and ESPN+. Hulu + Live TV pricing and plansWhat channels come with Hulu + Live TV? Though the service includes most popular cable stations, there is one notable exception: Hulu + Live TV does not support AMC. You can now access Hulu + Live TV through the Hulu app or website with your account.
CNN’s Anderson Cooper and ABC’s Kelly Ripa will co-host the 16th Annual CNN Heroes All-Star Tribute, premiering live at 8 p.m. The 2022 CNN Hero of the Year will be revealed during the live broadcast, selected by CNN’s audience from this year’s Top 10 CNN Heroes. ET on CNN, CNN International, CNN en Español or on CNNgo, the online streaming platform available on Apple TV, Roku, Amazon Fire, Chromecast, Samsung Smart TV and Android TV, and on CNN mobile apps. Supporters can make online donations to the Top 10 CNN Heroes’ nonprofit organizations directly from CNNHeroes.com. Keep an eye on CNN.com/heroes and consider nominating that person as a CNN Hero in 2023.
CNN —Dina Boluarte took office as the new President of Peru on Wednesday, after Congress ousted former president Pedro Castillo. In this turbulent context, Boluarte, who until a few hours ago was the country’s Vice President, took over as Castillo’s successor after being sworn in before the plenary session of Congress on Wednesday afternoon. She is the first female president in Peru’s history, and the sixth Peruvian president in less than five years. During the 2021 general elections, Boluarte was a candidate for vice presidency for the Peru Libre party and Castillo’s running mate. However, she remained a member of cabinet as vice president.
Hundreds of CNN employees were notified of layoffs Thursday as part of CEO Chris Licht's efforts to transform the cable news network. Licht sent a memo to all staffers Thursday afternoon after the news was delivered to employees, which included long-time HLN anchor Robin Meade and reporter Chris Cillizza. ProgrammingOur programming teams will see some reductions in show staffs and, in some cases, the combination of teams for our dayside and weekend lineups. CNN DigitalCNN Digital conducted an exercise earlier this fall to ensure they were best structured for the future. I am proud of this CNN team, and together we will ensure CNN continues to be the world's most vital source of news and information.
New York CNN Business —CNN on Thursday executed sweeping layoffs and implemented a series of changes that impacted multiple divisions across the news organization, including ending live programming on HLN, the company’s chief executive, Chris Licht, said in a memo to employees. The layoffs, which started Wednesday and were expected to impact hundreds of employees, largely had been completed by Thursday afternoon. The series of changes, which came after Licht conducted a months-long review of CNN’s business after taking over in May as the network’s head, notably included the ending of live programming on HLN, CNN’s longtime sister channel. Discovery, CNN’s parent company. Some of those changes have already been implemented, as CNN has made smaller cuts to parts of its business in the last several months.
CNN —Angela Álvarez made Latin Grammy history on Thursday by winning the award for best new artist at age 95. She was discouraged from pursuing a career in music by her father but found joy performing for her family. Over the years, she sang for her family about her life and developed a collection of songs she composed. At the encouragement and support of her grandson, she eventually recorded and released collection of her songs in 2021. The Latin Grammy nomination came as a surprise to her, Álvarez told CNN en Español last month.
How Brazil’s Leader Built the Myth of Rigged Elections By Jack Nicas, Flávia Milhorance and Ana Ionova Produced by Gray Beltran Leer en españolFor years, President Jair Bolsonaro has attacked Brazil’s election systems. Yet in speeches, interviews and hundreds of posts on social media, the president has consistently and methodically repeated those baseless claims and many others about Brazil’s voting system. At the time, he suggested that the election’s results could not be trusted because of the voting machines. He showed a video from a programmer who claimed to demonstrate how voting machines were hacked in 2018. (Experts and fact-checkers said the video was riddled with errors, including a fundamental misunderstanding of how the voting system works.)
A group of Latino-led and focused venture capital firms is looking to change that. Similarly, only 2% of venture capital professionals and partner-level professionals at institutional firms are Latino, a study from LatinxVC discovered. "We're trying to increase [Latino] venture capitalists within established venture organizations," said Mariela Salas, the executive director of LatinxVC. Latino-focused venture capitalThere are several Latino-focused venture capital firms that are working on at least one piece of the puzzle: investing in their communities. "We give the opportunity to first-time accredited investors, people of color and women to get access to venture capital," Mendoza said.
Mortgage rates have also surged as the Federal Reserve tightens monetary policy to curb inflationary pressures not seen in about 40 years. Roughly a quarter of Asian, Black and Hispanic Americans each lived in multigenerational households in 2021, compared to 13% of those who are white. "Latinos are more likely to live in multigenerational households," said Gary Acosta, co-founder and CEO of the National Association of Hispanic Real Estate Professionals. "But being a larger multigenerational family comes with complications if you're trying to be a homeowner," he said. For the Espinoza family, the ideal home would have at least three bedrooms, a backyard and proximity to employment and schools in Santa Ana.
For meteorologist Joseph Trujillo, the right translation is more than a language issue, especially when it comes to weather-related warnings. A NOAA assessment revealed a lack of weather-related resources in the Spanish language that could have helped communities take action to save lives. But those linguistic differences can bring great challenges when translating emergency information, such as weather alerts, for all Hispanic people. They designed a new list of categories that better reflect the risk of climate emergencies in simpler terms: minimum, low, moderate, high and extreme. That first experience led him to pursue meteorology and his investigative work, which he presented to the National Weather Service.
Stocks in Chile are also outperforming the broader emerging markets. The iShares MSCI Emerging Market ETF (EEM) is down more than 28% for the year. Apart from the iShares MSCI Chile ETF, which helps investors gain exposure to the total addressable market, Chile makes up just a small part of other funds. The country comprises just 0.2% of the Morningstar global markets index, for example, and only about 0.6% of its emerging markets index. For macro investors, Chile is one of the interesting countries in the emerging market universe to deploy, according to BCA Research's Budaghyan.
Marco Bello | Bloomberg | Getty ImagesThe unemployment rate among Hispanic workers dropped sharply in September, but that could be due to fewer eligible adults looking for a job. Hispanic workers saw their unemployment rate fall to 3.8% from 4.5% in August. But Hispanics saw a sharp decline in labor force participation, which tracks how many people are employed or searching for work. Many Hispanic workers do seek employment in some areas of the market heavily affected by Federal Reserve interest rate hikes, she added. While Hispanic workers saw the biggest declines on a month-to-month basis, she noted that Black women have still seen the sharpest decline in labor force participation since the start of the pandemic.
Ian was downgraded to a tropical storm Thursday morning after slamming into Florida’s southwest coast as a major Category 4 hurricane Wednesday afternoon, bringing 150 mph winds and life-threatening storm surge. Maximum sustained winds dropped to near 65 mph with higher gusts early Thursday, but the storm has continued to cause destruction as it moves northeast. Its center is expected to move off the east-central coast of Florida later Thursday before approaching the coast of South Carolina on Friday. President Joe Biden on Thursday declared a major disaster in Florida over the devastation caused by Ian. Meanwhile, in Cuba power is slowly being restored for residents across the country following sweeping outages in Ian's wake.
More than two million people across Florida were without power Thursday morning after Hurricane Ian walloped the state as one of the most powerful storms to ever hit the U.S., causing widespread devastation and flooding that trapped residents in their homes. Ian was downgraded to a Category 1 storm hours after slamming into Florida’s southwest coast as a major Category 4 hurricane Wednesday afternoon, bringing 150 mph winds and life-threatening storm surge. Further weakening is expected over the next day or so, but it continued to cause destruction as it moved northeast. Maximum sustained winds had dropped to near 75 mph with higher gusts as of early Thursday morning, the NHC said. Meanwhile, in Cuba power is slowly being restored for residents across the country following sweeping outages in Ian's wake.
Hurricane Ian had weakened to a Category 1 late Wednesday, but the powerful storm that caused life-threatening storm surges, floods that stranded people in their homes and knocked out power to more than 2 million was not over, officials warned. At 2 a.m., Ian was around 55 miles southwest of Cape Canaveral and moving northeast at 9 mph, the hurricane center said. The storm is believed to be one of the strongest hurricanes ever recorded making landfall in Florida. Central and northeast Florida could get 20 inches of rain, and life-threatening storm surge remained a risk for parts of Florida’s western and eastern coasts, the hurricane center said. But it then will likely turn north and approach the northeastern Florida, Georgia and South Carolina coasts Friday, according to the hurricane center.
A flooded street is seen in downtown as Hurricane Ian makes landfall in southwestern Florida, in Fort Myers, Florida, U.S. September 28, 2022. Hurricane Ian was downgraded to a tropical storm Thursday morning, but officials have warned the powerful storm that brought life-threatening storm surges, floods that left people stranded in their homes and knocked out power to more than 2.5 million customers was not over. President Joe Biden on Thursday declared a major disaster in Florida over the devastation caused by the storm. By 5 a.m., Ian was around 55 miles southwest of Cape Canaveral and moving northeast at 9 mph, the hurricane center said. The storm is believed to be one of the strongest hurricanes ever recorded making landfall in Florida.
Floridians are giving TikTok users a front-row seat to Hurricane Ian. Dozens of TikTok users in Florida used TikTok’s livestream feature on Wednesday to offer a window into their lives as the hurricane approached. Some comments trickling in sent the woman prayers, while others predicted her “house will disappear.” TikTok didn’t immediately respond to a request for comment about the hurricane livestreams. TikTok introduced its livestream feature in 2019, and it has since become a popular way of creating content on the app. TikTok’s livestreaming feature has been used for fun but also to share breaking news, such as when Russia invaded Ukraine.
An upstart Spanish-language streamer is taking a big step into original content. Those networks and other Spanish-language content have captured some of the fastest-growing traditional TV audiences when it comes to average daily household viewership, according to data provider Samba TV. Canela said its streaming platform, which is available in the U.S., Mexico and Colombia, has 23 million unique users. Similar free ad-supported streaming services like Paramount Global's Pluto and Fox's Tubi have said they have nearly 70 million and 51 million active users, respectively. By the end of 2022, it will have 537 hours of original content.
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