logo
Mexico sees no reason for US to impose sanctions on airlines

Mexico sees no reason for US to impose sanctions on airlines

Yahooa day ago
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Monday the United States has not yet formally notified her government of possible measures against Mexico's airline sector pointing that she sees no reason for the neighboring country to initiate such sanctions.
The comments come after the U.S. Department of Transportation said on Saturday it would take action in response to Mexico's decision to cut flight slots and force cargo carriers to relocate operations in Mexico City, affecting U.S. airlines.
"There is no reason for Mexico to receive any sanctions for changes made to the capital's airport system," Sheinbaum said in her daily press conference.
U.S. Transportation Secretary Sean Duffy said in a statement on Saturday that the department may reject new flight requests from Mexican carriers if concerns over airport decisions made in 2022 and 2023 are not addressed.
The department would propose withdrawing antitrust immunity granted to Delta Air Lines for its joint venture with Aeromexico to address competitive concerns, according to the statement.
Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hershey to raise prices on its chocolates owing to high cocoa costs
Hershey to raise prices on its chocolates owing to high cocoa costs

Yahoo

time5 minutes ago

  • Yahoo

Hershey to raise prices on its chocolates owing to high cocoa costs

(Reuters) -Hershey (HSY) said on Tuesday it has told retailers that it would be raising prices on its candies due to a surge in costs of cocoa, the key ingredient for its products. "This change is not related to tariffs or trade policies. It reflects the reality of rising ingredient costs including the unprecedented cost of cocoa," a company spokesperson told Reuters. Hershey did not clarify the extent of price increases and which products will be impacted. Cocoa prices have risen sharply in the last two years due to supply problems in Ghana and the Ivory Coast, touching a record in December. Since then, the price of cocoa has fallen to an eight-month low, though it remains elevated above levels from earlier in the decade. Bloomberg was the first to report the company was implementing a roughly double-digit price increase. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports
Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports

Yahoo

time10 minutes ago

  • Yahoo

Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports

(Reuters) -Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to raise the capital, according to the report. The money would be used to buy a massive supply of advanced Nvidia chips that would be leased to xAI for a new huge data center meant to help train and power its AI chatbot Grok, the WSJ reported. Advertisement Valor and xAI did not immediately respond to Reuters' requests for comment. Some lenders want the debt to be repaid within three years and to cap the amount of money borrowed in order to limit their risk, the report said. Training and deploying advanced AI systems is expensive, requiring costly hardware, intensive compute and skilled engineers in a highly competitive market where rivals such as OpenAI, Google and China's DeepSeek are trying to dominate the technology. XAI is training Grok on 230,000 graphics processing units, including Nvidia's 30,000 GB200 AI chips, in a supercluster, with inference handled by the cloud providers, Musk said in a post on X on Tuesday. Advertisement He added that another supercluster will soon launch with an initial batch of 550,000 GB200 and GB300 chips. The AI startup was expected to burn through about $13 billion over the course of 2025, according to media reports. Earlier this month, the Financial Times reported that xAI was in talks to raise more money in a deal that could value the AI startup between $170 billion and $200 billion. In response, Musk had said xAI was not seeking funding. "We have plenty of capital." (Reporting by Jaspreet Singh in Bengaluru; Editing by Anil D'Silva and Alan Barona)

Video Shows Large Crane Collapsing at Safety-Plagued SpaceX Rocket Facility
Video Shows Large Crane Collapsing at Safety-Plagued SpaceX Rocket Facility

Yahoo

time30 minutes ago

  • Yahoo

Video Shows Large Crane Collapsing at Safety-Plagued SpaceX Rocket Facility

Elon Musk's Texas Starbase is still reeling from its latest Starship explosion. Now, it has a crane collapse to deal with too. As eagle-eyed Starbase watchers flagged in a livestream from earlier this week, one of the cranes at the site of the explosion — which was, according to CBS News 4, powerful enough to be picked up by weather radar — collapsed in a heap in the middle of the day. "This has always been one of my biggest fears in every industry I've worked in," tweeted Zack Golden, the SpaceX fan who noticed the collapse on a livestream from LabPadre, a fancam site that records the Boca Chica, Texas facility. "I hope everything is alright." Though there's some speculation online suggesting that the crane had been lifting the carcass of the exploded Starship when it collapsed, it's not clear that's been established for certain. We've reached out to SpaceX and LabPadre to ask if there's any additional information or video to be shared about what happened there — and, more importantly, whether anyone was hurt in the process. Last week's Starship explosion didn't just release a massive fireball and impact local weather radar in South Texas, but also, as the Associated Press reports, resulted in large pieces of debris landing in the Mexican border state of Tamaulipas. In its aftermath, the AP notes, Mexican president Claudia Sheinbaum is investigating what international laws the Musk-owned company might have broken when the wreckage breached international borders. "There is indeed contamination," Sheinbaum claimed during a daily news briefing that also saw her threatening to file "the necessary lawsuits" once her country's probe is complete. The facility that lives on a beach near the newly-incorporated company town of Starbase has long been plagued by safety issues ranging from debris showers from prior Starship failures and is the leading site of hundreds of recorded injuries at the company, per a Reuters investigation from 2023. While there have been no reported injuries in this most recent Starship explosion, we won't be sure that the cleanup effort has continued that record unless SpaceX gets back to us — and we'll be sure to update if that occurs. More on Starbase: Latest Starship Explosion Drastically Decreases SpaceX's Chances of Reaching Mars Without Having to Wait Years Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store