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06.06.25 - 04:18
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Supreme Court Unanimously Rejects Mexico′s $10 Billion Lawsuit Against U.S. Gunmakers (ZeroHedge)
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Supreme Court Unanimously Rejects Mexico's $10 Billion Lawsuit Against U.S. Gunmakers
The U.S. Supreme Court unanimously tossed out Mexico's 2021 lawsuit against seven U.S. gunmakers and one wholesaler, ruling that firms like Smith & Wesson and Glock are shielded from liability under the federal Protection of Lawful Commerce in Arms Act (PLCAA).
Mexico's lawsuit accused U.S. gunmakers of knowingly enabling illegal firearm sales to dealers linked to drug cartels, fueling cartel violence. The government sought $10 billion in damages and a court order imposing stricter rules on the marketing and distribution of firearms.
Mexico attempted to use PLCAA's narrow "predicate exception," claiming the gunmakers knowingly violated federal firearms laws by aiding and abetting illegal sales by U.S. dealers.
Here's the Supreme Court's rationale that went into their unanimous decision:
The Court, led by Justice Elena Kagan, found that Mexico's complaint did not plausibly allege that the...
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02.04.25 - 13:24
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Celonis Appoints Kaushik Mitra as India Go-To-Market Leader to Accelerate Growth (Business Wire)
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BENGALURU, India & NEW YORK & MUNICH--(BUSINESS WIRE)--Celonis, the global leader in Process Mining and Process Intelligence, today announced the appointment of Kaushik Mitra as Vice President and Head of India Go-to-Market (GTM). Mitra will lead Celonis' expansion in this fast-growing market by driving strategic growth initiatives, deepening customer and partner relationships, and scaling business operations.
India is a critical hub for Celonis; its Bengaluru office, which opened in 2021, hosts close to 200 team members. The company works with leading brands that have global capability centers (GCCs) in India, such as Dell Technologies, Wells Fargo, Mercedes-Benz, Siemens, Merck and ABB. Celonis also partners with the largest global consulting firms and system integrators (GSI) in the country, such as Capgemini, Deloitte, EY, KPMG, PwC and TCS amongst others.
Celonis is expanding its presence in India by scaling both its GCC and domestic customer base, strengthening its regional Center of Excellence (Co...
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04.03.25 - 23:45
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Supreme Court Skeptical Of Mexico′s Lawsuit Against US Gun Companies (ZeroHedge)
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Supreme Court Skeptical Of Mexico's Lawsuit Against US Gun Companies
Authored by Sam Dorman via The Epoch Times,
The U.S. Supreme Court seemed skeptical of Mexico's argument on March 4 that gun manufacturers should face liability for violence committed by cartels.
Multiple justices asked questions indicating that Mexico's lawsuit lacked information to allege a certain level of wrongdoing on the part of gun companies.
Justices Samuel Alito and Amy Coney Barrett asked about whether Mexico could name red flag dealers that were allegedly part of the flow of guns for illegal purposes.
“You haven't identified them that I can tell from the complaint,” Barrett told an attorney for Mexico. Justice Elena Kagan similarly told Mexico's attorney that her side didn't name particular dealers.
Justice Brett Kavanaugh asked Mexico's attorney about the economic consequences of its theory of liability. “That's a real concern for me,” he said.
The case, Smith & Wesson v. Estados Unidos Mexicanos, ...
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04.03.25 - 14:12
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China, Mexico, Canada Tariffs Knock Europe Stocks; Ukraine Aid Latest | Bloomberg The Pulse (Bloomberg)
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US President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, spurring swift reprisals that plunged the world economy into a deepening trade war. On Tuesday, for the second time in a month, China announced tariffs as high as 15% on US agricultural goods and banned trade with some defense companies. The Canadian government also announced a sweeping package of counter-tariffs against US-made products. Meanwhile the European Union will propose extending €150 billion in loans to boost defense spending as the bloc tries to adjust to President Trump's abrupt pullback of American security on the continent. Trump has ordered a pause to all US military aid to Ukraine.
Today's guests: Gregory Davis, The Vanguard Group President & CIO; Jonathan Adam Stanton, Weir Group CEO; Nikolai Setzer, Continental CEO; Khaled Salmeen, ADNOC Downstream Industry CEO (Source: Bloomberg)...
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06.01.25 - 12:24
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Mexiko: Industrie schwächelt - Inflation rückläufig (Anleihencheck)
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Bonn (www.anleihencheck.de) - Der Preisdruck in Mexiko hat im November wieder nachgelassen: Die jährliche Inflationsrate sank von 4,8 auf 4,6 Prozent, die monatliche von knapp 0,6 auf 0,4 Prozent, so die Analysten von Postbank Research.
Erfreulich sei auch gewesen, dass sich der Rücksetzer der bereits seit vielen Monaten sinkenden Kerninflationsrate beschleunigt habe. [mehr]...
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06.10.24 - 03:24
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Mexico Is Still Blaming Americans For Mexico′s Gang Violence (ZeroHedge)
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Mexico Is Still Blaming Americans For Mexico's Gang Violence
Authored by Ryan McMaken via The Mises Institute,
This week, the US Supreme court announced that it will consider throwing out the Mexican government's suit in the case of Smith & Wesson Brands v. Estados Unidos Mexicanos. The Mexican government alleges that Smith & Wesson and wholesaler Witmer Public Safety Group Inc. are intentionally conspiring with middle-men to supply Mexican cartels with guns.
The Mexican plaintiffs have never actually proven any of this, of course, and this is all part of a larger effort by the Mexican regime and its apologists who have looked for a scapegoat to blame for Mexico's runaway homicide rates over the past twenty years. In truth, the Mexican government would do well to look a bit closer to home. Mexico's crime problems are a result of Mexico's corrupt state, its centralized government—which is a federal government in name only—and the fact Mexico essentially outlaws gun ownership for p...
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