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

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
23 minutes ago
- Business Insider
Ocean Power signs reseller agreement in Mexico
Ocean Power (OPTT) announced the signing of a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets. This partnership expands OPT's commercial footprint across Latin America. The agreement also includes a $3M purchase commitment for OPT's WAM-V Unmanned Surface Vehicles. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
37 minutes ago
- Yahoo
Dip in Asian currencies, outflows likely to keep up pressure on rupee
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee is expected to open weaker on Friday and trade with a modest depreciation bias amid a dip in its regional peers and lingering pressure from portfolio outflows as investors gird for an upcoming news-heavy week. The 1-month non-deliverable forward indicated the rupee will open around 86.48-86.50 versus the U.S. dollar, compared with 86.4050 in the previous session. Asian currencies were down between 0.1% and 0.3%, while the dollar index ticked up to 97.5, as investors braced for U.S. President Donald Trump's tariff deadline, a Federal Reserve policy decision, and key U.S. economic data releases, all due next week. The rupee is expected to trade with a slight downward bias and could test support near 86.70-86.80 in the near term, a trader at a state-run bank said. While there is "nascent" interbank interest in taking long bets on the rupee, that is largely on the back of the market expecting some positive announcement on U.S.-India trade negotiations, the trader added. While optimism about U.S. trade deals with China and the European Union has picked up after an agreement with Japan, the prospects of a deal for India ahead of the August 1 deadline have dimmed. Britain and India signed a free trade agreement on Thursday, with India's trade minister saying that he remains confident of concluding a trade deal with the U.S. while downplaying the significance of the looming deadline. "Beyond tariffs and the rush to close the art of the deal, one continuing theme that we see in Asia and many countries outside the U.S. is the acceleration in moves to diversify away from or at least hedge with the U.S.," MUFG said in a note. In addition to the wait for a trade agreement with the U.S., foreign portfolio outflows have been a pain point for the rupee with overseas investors pulling out about $500 million from local stocks over July so far. KEY INDICATORS: ** One-month non-deliverable rupee forward at 86.60; onshore one-month forward premium at 12.50 paisa ** Dollar index up 0.1% at 97.58 ** Brent crude futures up 0.5% at $69.5 per barrel ** Ten-year U.S. note yield at 4.4% ** As per NSDL data, foreign investors sold a net $382mln worth of Indian shares on July 23 ** NSDL data shows foreign investors sold a net $41.7mln worth of Indian bonds on July 23
Yahoo
37 minutes ago
- Yahoo
India's equity benchmarks to open flat as market weighs UK trade pact
(Reuters) -India's equity benchmarks are expected to open little changed on Friday as investors weigh the newly signed trade pact with Britain, which will cut tariffs of goods ranging from textiles to whisky and cars. The Gift Nifty futures were trading at 24,993.5 points as of 8:04 a.m. IST, indicating that the Nifty 50 will open near Thursday's close of 25,062.1. "Signing of the India-UK FTA, which is expected to boost bilateral trade by about $34 billion annually, is hugely significant in the present context when India is eager to reach a deal with the U.S. on trade and tariffs," said VK Vijayakumar, chief investment strategist at Geojit Investments. Shares of textiles, automakers, leather, footwear and other companies will be in focus as UK exports become duty-free. While the India-UK agreement should boost sentiment, the market is unlikely to see major upside until there is clarity on U.S. trade negotiations, analysts said. India is making "fantastic" progress in talks with Washington, Commerce Minister Piyush Goyal told Reuters on Thursday, but played down the importance of deadlines. Earlier this week, two Indian government sources said prospects for an interim deal before U.S. President Donald Trump's August 1 deadline had dimmed amid deadlock over tariff cuts on key agricultural and dairy products. STOCKS TO WATCH ** Bajaj Finance beat analysts' estimate for quarterly profit on Thursday, as healthy loan growth countered a decline in the non-bank lender's asset quality ** Indian Energy Exchange posts higher revenue and profit for the first quarter, driven by a nearly 15% increase in electricity volume. The stock tanked about 30% on Thursday on the regulator's market coupling norms ** SBI Life Insurance posts higher profit in June quarter, thanks to healthy premiums from policy renewals Sign in to access your portfolio