Author: Omar Angelo Osborne

El Salvador wants to lure companies from the technology sector to the Central American country with tax advantages. Companies in the fields of artificial intelligence, software, cyber security, semiconductors, robotics and hardware should be exempt from taxes for 15 years, as Parliament decided on Wednesday night (local time). The new law to promote innovation and technological production is intended to make the country of 6.5 million people a pioneer in tech development in Latin America, the adopted text said. Among other things, income tax and import duties are to be abolished for new investors. Conservative President Nayib Bukele wants to…

SALT LAKE CITY (ABC4) – Looking to start a new business and venture into the entrepreneurial spirit? Utah just might be the best place to do it. A recent study from WalletHub compared over 1,300 small-sized cities with a population between 25,000 and 100,000, looking at the environment, resources, and costs to determine the best places to start a business. Utah dominated the Top 10, claiming five spots, including the top three. Washington, St. George, and Cedar City topped the list as the best places for a start-up. Logan ranked as the fifth-best city while Lehi rounded out the Top 10 as…

Kenes Rakishev. An entrepreneur, philanthropist, former special envoy for Kazakhstan, head of the Kazakh boxing federation, a family man, and most importantly, a man of success. The backstory of Kenes Rakishev and his philanthropies is a complex one, with multiple factors and numerous actors involved. The 40-something Kazakh is an interesting study of human success. Ultra boyishly shy, he is the poster boy of President Kassym-Jomart Tokayev’s “New Kazakhstan” vision for the future and better Kazakhstan. He received his education in the UK, fortunately married into the Kazakhstan elite clan and positioned quietly in the affairs of the state. Kenes’…

Sons of drugs kingpin “El Chapo” are among members of Mexico’s Sinaloa cartel charged in the United States with running a huge operation that supplies fentanyl to the US. The operation was allegedly fuelled by Chinese chemical companies. Fentanyl is responsible for the deaths of tens of thousands of mainly young Americans each year. Joaquín “El Chapo” Guzmán, the former Sinaloa cartel leader, is serving a life sentence in the US. His three sons charged – Ovidio Guzmán López, Jesús Alfredo Guzmán Salazar and Iván Archivaldo Guzmán Sálazar – are known as the Chapitos, or little Chapos, and are believed to…

BRANCHBURG, NJ — Mexican food lovers can rejoice as another restaurant is coming to Somerset County. Mr. Cactus Mexican Grill, based in Hillsborough, announced they will be expanding and opening a second location at 1010 Route 202 in Branchburg. The family Mexican grill was started by Sergio and Adriana Jimenez, who came to Hillsborough from Oaxaca, Mexico. “When coming to USA in 2007, they’ve always dreamt of having a family business that would allow them to work as a family and develop their ability for gastronomy. Without knowing how to begin a restaurant business, Sergio was still determined to make…

London, Brussels (27/04 – 33) Kazakh entrepreneur and philanthropist Kenes Rakishev’s acquired company, Oxus Acquisition Corp. and Borealis Foods Inc. announced the signing of a definitive business combination agreement in February this year. This alliance is expected to result in a newly combined company under the name Borealis Foods Inc. Upon the signing, the company will continue to be led by Borealis’ CEO and co-founder Reza Soltanzadeh, and chairman and co-Founder Barthelemy Helg. The boards of directors of Borealis and Oxus have each unanimously approved the proposed $150 million transaction. Borealis is a food technology company that has created ramen meals that…

Many travelers who consider going to Mexico opt for the more trendy destinations over finding somewhere new. Depending on whether they are looking for a fun beach vacay or wanting to immerse themselves in Mexico’s beautiful culture, they may choose places like Oaxaca, Cancun or Mexico City. The latter has become quite a trendy place for travelers in recent years. Those who come to the capital of Mexico will also be in close proximity to an overlooked gem. Puebla is a city within approximately a 2-hour drive. Those who have already discovered Puebla’s magic often consider it to be a day…

PANAMA CITY (Reuters) – The Panama Canal will impose lower draft restrictions on the largest ships passing through the key global trade route due to falling water levels at nearby lakes that form part of the waterway, the canal authority said on Tuesday. The restrictions, which will take effect on Wednesday, mean so-called neo-Panamex container ships seeking to cross the canal connecting the Atlantic and Pacific Oceans must comply with a maximum depth of 47.5 feet, down from 50 feet, forcing them to weigh less or otherwise transport fewer goods. The new measures are due to recent drought conditions, the…

US Customs and Border Protection (CBP) signed the MRA with the Customs Administrations of Guatemala and Colombia at the Trade Facilitation and Cargo Security Summit on Monday (17 April). “By cooperating with our regional partners through MRAs and other bilateral arrangements, we are able to create a unified and sustainable security posture,” said Pete Flores, Executive Assistant Commissioner for CBP Field Operations. “As a result, we are furthering our efforts to facilitate trade and enhance our economic security mission.” Hosted by Debbie Seguin, assistant commissioner for International Affairs, guests included Marco Livio Diaz Reyes, Superintendent of Guatemala’s Superintendencia de Administracion Tributaria, and Ingrid Magnolia…

Former prime minister Paul Keating has accused the Albanese government of changing the strategic justification for nuclear-powered submarines, questioning why China would attack sea lanes vital to its economic wellbeing. In an opinion piece published in Friday’s The Australian Financial Review, Mr Keating renewed his attack on the $368 billion venture after Defence Minister Richard Marles argued the submarines were required to protect shipping routes from blockade. Mr Marles told parliament on Wednesday the reforms ushered in by Mr Keating and Bob Hawke had ushered in economic prosperity but left Australia more reliant on keeping global trade open. “Our national interest and our national security extends…