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India

Daina Beth Solomon

Amazon bets on Prime Day in Latin America to battle local rivals

13 Oct 2020

MEXICO CITY Amazon.com Inc's total sales have soared during the coronavirus pandemic, yet in Latin America, the world's biggest online retailer is locked in a dogfight with local rivals as it rolls out its Prime Day event in Mexico and, for the first time, Brazil.

Mexico's tax prosecutor says two large firms face criminal charges

02 Oct 2020

MEXICO CITY, Oct 1 Two big companies in Mexico face possible criminal charges over taxes after they failed to reach agreements with authorities, a top prosecutor said on Thursday, as officials seek to stop corporate tax evasion with threats of jail time.

SoftBank-backed used-car startup Kavak becomes first Mexican unicorn

01 Oct 2020

MEXICO CITY SoftBank-backed used-car platform Kavak has become Mexico's first tech "unicorn" after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.

SoftBank-backed used-car startup Kavak becomes first Mexican unicorn

01 Oct 2020

MEXICO CITY SoftBank-backed used-car platform Kavak has become Mexico's first tech "unicorn" after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.

Mexican tax campaign threatens rule of law, international attorneys say

19 Sep 2020

MEXICO CITY An international lawyers' group has said Mexico is violating international law with threats to criminally prosecute attorneys as part of a campaign to make companies settle tax disputes.

Mexico's president urges final flurry of sales for plane 'raffle'

15 Sep 2020

MEXICO CITY Mexico's government on Monday made a final push to sell lottery tickets for the value of the last president's luxury jet, amid criticism the plan had failed despite a government department spending about $24 million on tickets.

Mexico's president urges final flurry of sales for plane 'raffle'

15 Sep 2020

MEXICO CITY, Sept 14 Mexico's government on Monday made a final push to sell lottery tickets for the value of the last president's luxury jet, amid criticism the plan had failed despite a government department spending about $24 million on tickets.

Trees, birds, ponds: Mexico City's ancient lake reclaims scrapped airport

08 Sep 2020

TEXCOCO, Mexico Bright green stalks of weeds are sprouting from the ground where planes were supposed to take off at a new Mexico City airport as officials let nature take over in their bid to transform the marshy swath of an ancient lake into a giant park.

Mexican president says country's economy has weathered pandemic better than others

02 Sep 2020

MEXICO CITY Mexican President Andres Manuel Lopez Obrador defended his handling of the economic fallout from the coronavirus pandemic on Tuesday, arguing in a major speech that the economy has fared better than some of its peers.

Mexican used car startup Kavak announces Argentina expansion

26 Aug 2020

MEXICO CITY SoftBank-backed used car platform Kavak is expanding from Mexico into Argentina in a merger with secondhand auto company Checkars after seeing sales recover from a pandemic-induced dip, Kavak Chief Executive Carlos Garcia said in an interview on Tuesday.

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