United States
US Entrepreneurs Warn of Fallout from SVB Collapse for Small Latino-Owned Businesses
According to the United States Hispanic Business Council, the effects of the bank’s failure will be felt by the Latino-owned business community in the US
Colombian Startups With Funds Locked In SVB Recount Hours of Anxiety
Founders of startups affected by the failure of Silicon Valley Bank, such as Truora and Hoy Trabajas, tell Bloomberg Línea of their experiences
SVB Collapse Is Biggest Bank Failure Since 2008
The US Treasury Department says officials are closely monitoring Silicon Valley Bank’s situation for any signs of it spreading to other small- or medium-sized banks
US-Born Latinos More Vulnerable to Chronic Illnesses than Other Ethnicities, AHA Says
A study by the American Heart Association says Latinos are more prone to developing asthma, chronic kidney disease, diabetes and severe obesity
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Colombian Exports to China Grow as Sales to US Shrink
The country’s exports to China represent 7.2% of the total, up from 5.8% in 2018, while exports to the US have fallen by almost 7% over the same period
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Latino Workers’ Jobs In US ‘Most At Risk’ Amid Threat from Digitization
Latinos could account for 78% of the new labor force in the US by 2030, but automation and digitization could pose a threat to their job security, according to a report by the Aspen Institute
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Foreign-Born Legislators Make Up 15% of U.S. Congress, Says Pew Research Center
Latino congress members account for 7.9% of the total, while the foreign-born total is 15%
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Mexico’s Gov’t Says GM Corn Dispute With US Is Political, and Not a Trade Issue
Mexico’s Economy Ministry says Washington needs to prove with data that the decree prohibiting the import of US genetically modified corn affects trade
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J Balvin Joins Forces With NGOs, Banks to Finance Latino-Owned Businesses In US
Colombian singer J Balvin, JP Morgan Chase and Accion Opportunity Fund are among those financing Latino-owned companies that could benefit that community in the US
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Saverin’s B Capital Opens Office in Miami, Eyes Investments In LatAm Tech Startups
In an interview with Bloomberg Línea, B Capital’s co-founder Raj Ganguly also spoke about investing in down rounds and avoiding the hype of generative AI
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Biden’s New Rules for Immigrants Seeking Asylum In US Provoke Fierce Criticism
The new rules aim to reduce illegal border crossings, and stipulate that asylum seekers must first enter the country legally, among other measures
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Latino-Owned Firms In US Generate More Jobs, Revenues Despite Tighter Financing
Latino-run companies in the United States continue to add jobs and grow revenues at rates above those of the average business, according to Stanford Graduate School of Business and the Latino Business Action Network
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Mexican Former Security Chief Found Guilty of Colluding With Sinaloa Drug Cartel
Gerardo García Luna has been found guilty by jury on five counts following his trial in New York and could face life in prison
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Tequila Overtakes Whisky and Is On Track to Edge Out Vodka as Favorite Tipple In US
Agave-based drinks sales contributed around $1.6 billion to the US beverage industry in 2022
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US Lawmakers Urge President Biden to Appoint Latino to Federal Reserve
Thirty-four US lawmakers have urged the US president to appoint a Latino to fill the vacancy created on the central bank’s board by the resignation of Vice Chair Lael Brainard