Tag #Remittances

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Remittance Tax Proposal Sparks Mexico's Outrage

A House Republican bill proposes a 5% tax on remittances sent by non-U.S. citizens to their home countries, prompting strong opposition from Mexico which argues it will harm both economies and disproportionately affect low-income individuals.

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52% Bias Score

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nbcnews.com
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Proposed U.S. Remittance Tax Threatens Global Economies

A proposed U.S. bill seeks to impose a 5% tax on remittances, impacting over 40 million people and potentially banning remittances from undocumented immigrants, threatening economies reliant on these funds and causing concern about increased illegal migration.

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52% Bias Score

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nrc.nl
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Trump's Immigration Policies Impact Mexican Economy Through Reduced Remittances

Madai Ledezma Dominguez, a Mexican immigrant in the US for 20 years, faces deportation and reduced work, impacting her family's income and the Mexican economy heavily reliant on remittances, which decreased 4% in February 2024 compared to February 2023, highlighting the broader impact of US immigrat...

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dw.com
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North Macedonia Joins SEPA: Faster, Cheaper Euro Payments

North Macedonia joined SEPA, the Single Euro Payments Area, enabling faster, cheaper euro transactions with 38 countries; this reduces remittance costs, boosts business competitiveness, and enhances economic integration with the EU, with projected savings of half a billion euros across the Western B...

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cbsnews.com
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Western Union Halts Cuba Money Transfers Amid Renewed U.S. Sanctions

Western Union suspended money transfers to Cuba after the U.S. reinstated sanctions on Cuban military-run businesses, impacting Cuban-American families sending about $100 monthly to relatives and prompting mixed reactions.

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68% Bias Score

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dw.com
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Trump's Win: Diverse Reactions and Economic Threats to Central America

Following Trump's election win, Central American leaders responded differently; Bukele congratulated him, Curruchiche celebrated, while Castro threatened to end military cooperation if mass deportations occur, highlighting the economic reliance on US remittances which could cause the region's econom...

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nos.nl
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US Immigration Policies Threaten Mexico's Economy Through Reduced Remittances

Decreased remittances from Mexican migrants in the US, totaling $64 billion last year, threaten Mexico's already weakened economy due to stricter US immigration policies under President Trump, impacting millions of families who rely on this financial support.

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44% Bias Score

No Poverty
nos.nl
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Trump's Immigration Policies Cause 4% Drop in Mexican Remittances

Decreased remittances from Mexican migrants in the US due to stricter immigration policies under the Trump administration have caused a 4% drop in February 2017, impacting millions of Mexican families and weakening the Mexican economy.

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52% Bias Score

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elpais.com
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Remittances from Spain to Latin America Surge to \$155 Billion

In 2024, remittances from Latin American immigrants in Spain to their home countries reached \$155 billion, an 8% increase, significantly impacting the economies of nations like Honduras and Nicaragua where remittances constitute a substantial portion of their GDP.

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edition.cnn.com
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Fintechs Tackle High Remittance Costs in Sub-Saharan Africa

Fintech companies in sub-Saharan Africa are striving to lower the exorbitant remittance costs (8.37% average in Q2 2024) by promoting digital transactions and cutting out intermediaries, although challenges remain due to limited internet access (37%) and varying regulations across the region.

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36% Bias Score

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elpais.com
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Sheinbaum Defends Mexico's Sovereignty Amidst U.S. Pressure

Mexican President Claudia Sheinbaum strongly defended Mexico's sovereignty against potential U.S. intervention, citing mass deportations and U.S. pressure on Mexican drug cartels, while highlighting the significant economic contributions of Mexicans in the U.S. who send $65 billion in remittances an...

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56% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
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Mexican Deportations: Economic Consequences and Migration

Mass deportation of Mexican workers from the U.S. would severely impact the \$63 billion in annual remittances to Mexico, potentially causing economic devastation and paradoxically increasing Mexican migration due to increased economic desperation.

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56% Bias Score

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Showing 25 to 36 of 40 results