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Puerto Vallarta Shines as a Top Summer Destination for American Travelers

Puerto Vallarta Shines as a Top Summer Destination for American Travelers

Globe and Mail03-06-2025

From sea turtle releases and jungle excursions to award-winning dining without the crowds, this is the season to experience Mexico's Pacific paradise for less
NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- As American travelers plan their summer getaways, Puerto Vallarta continues to secure its status as a must-visit international hotspot. According to the latest Allianz Partners USA report, nearly a third, or 29%, of U.S. flights are bound for international locales this summer, with Mexico claiming three of the top 10 destinations. Among these, Puerto Vallarta stands out for its seamless blend of natural beauty, cultural richness and abundance of outdoor adventures.
This vibrant city, tucked between the Sierra Madre Mountains and Banderas Bay on Mexico's Pacific coast, is a premier beach vacation destination supported by 27 direct air routes from the U.S. Summer visitors are rewarded with lush green landscapes, fewer crowds and valuable savings on both accommodations and activities, making it a perfect time to experience the city's signature mix of adventure, relaxation and charm.
WHAT TO DO
Sea Turtle Releases: From July through December, the city's beaches become the setting for one of nature's most moving events: the release of sea turtle hatchlings. Guided by marine biologists and conservation experts, these sunset events invite visitors to witness hatchlings make their way to the ocean, while learning about the species' biology and the importance of protecting their fragile ecosystems. Guests can take part in releases at participating hotels including Marriott Puerto Vallarta Resort & Spa and Hyatt Ziva Puerto Vallarta, both recognized for their longstanding conservation efforts. Boca de Tomates Turtle Camp offers a hands-on experience that includes adopting nests and assisting with releases, while tour operators such as Wildlife Connection and Ecotours Vallarta lead small-group excursions that help fund critical preservation work.
Explore Lush Landscapes: Summer rains transform Puerto Vallarta into a lush, green escape, creating perfect conditions for outdoor exploration. Canopy River leads adrenaline-filled adventures through the Sierra Madre Mountains, including ziplining, ATV rides and suspension bridge treks. For a quieter experience, scenic hikes like the coastal trail from Las Ánimas to Quimixto offer sweeping ocean views and the chance to spot local wildlife. South of the city, the Vallarta Botanical Gardens span 46 acres of native flora, riverside swimming spots and peaceful walking paths, making it a favorite for nature lovers.
Dining Without the Crowds: With fewer travelers in town, summer is the ideal time to explore the city's celebrated culinary scene. Acclaimed restaurants such as ICÚ, known for contemporary tasting menus that reimagine traditional Mexican dishes with regional influences; Tintoque, a chic destination for modern Mexican cuisine; and MAKAL, in the heart of the Romantic Zone and praised for its creative, ingredient-driven approach, serve innovative dishes in refined yet relaxed settings. The quieter pace allows guests to savor world-class cuisine without the usual wait.
WHERE TO STAY
As Puerto Vallarta enters its low season, travelers can take advantage of summer deals on accommodations across the city.
For Families: Velas Vallarta
This beachfront all-inclusive resort in the heart of Marina Vallarta offers serene views of the Sierra Madre Mountains and is a favorite for multigenerational vacations. Families enjoy spacious suites, three pools, a kids' club and daily entertainment. The Summer Presale 2025 package, available to book through June 3 for travel from June 1 to August 31, includes complimentary stays for children ages 4 to 12, 50% off for teens, a suite upgrade, $300 in resort credit, discounts on golf, early check-in or late check-out and the signature Kawitu Experience.
For Couples: Villa Premiere Boutique Hotel & Romantic Getaway
An adults-only property in the heart of Puerto Vallarta, just steps from the iconic Malecon esplanade, Villa Premiere blends oceanfront luxury with personalized service. As part of the Flowers & Sea special, guests receive 20% off bookings made through June 20, valid for travel through January 3, 2026. The experience includes butler service, rejuvenating spa treatments, themed dinners with live entertainment on select nights and a serene beachfront setting designed for a stylish and relaxing escape.
For LGBTQ+ Travelers: ALMAR Resort
Located in the heart of the Romantic Zone (often referred to as the 'Gayborhood'), ALMAR Resort is the city's only luxury LGBTQ+ beachfront property, known for its Oceanview suites, lively pool scene and inclusive atmosphere. From July 25 to 28, it will host the inaugural POSH PVR Escape, a three-day celebration of music, themed parties and curated experiences. POSH is internationally known for its high-energy events at Art Basel, Fashion Weeks in New York and Paris, and Pride celebrations in Los Angeles, Atlanta and New York.
For Luxury Seekers: Casa Kimberly
Once the former residence of Elizabeth Taylor, this intimate nine-suite boutique hotel captures the charm of old Hollywood glamour paired with modern indulgence. The Hot Nights, Cool Savings promotion adds value to luxury stays from July 1 through October 31, with a third night free when booking two. The package also includes a deluxe continental breakfast delivered each morning and welcome margaritas upon arrival.
About Puerto Vallarta
Nestled between the rugged Sierra Madre Mountains and Banderas Bay on Mexico's balmy Pacific coast, Puerto Vallarta is the quintessential Mexican beach destination. Puerto Vallarta's year-round warm climate, easy direct access from major markets in the United States and Canada, and a range of accommodation options have made it a top choice for a stress-free tropical escape. Authentic culture can be discovered around every corner in Puerto Vallarta, from the charming cobblestone streets downtown to the art-filled Malecon, and the lively Romantic Zone – a favorite enclave amongst LGBTQ+ travelers. Puerto Vallarta's picturesque beaches and aquatic activities lure travelers, and its welcoming hospitality, top-notch gastronomy, and outdoor adventures keep them coming back time and time again.

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Prime Announces Voting Results of 2025 AGM
Prime Announces Voting Results of 2025 AGM

Globe and Mail

time2 days ago

  • Globe and Mail

Prime Announces Voting Results of 2025 AGM

VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. ('Prime' or the 'Company') (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) announces that shareholder voting at the Company's Annual General and Special Meeting of shareholders held on June 19, 2025 (the 'Meeting') has resulted in the election of all the directors listed as nominees in management's information circular dated May 5, 2025 (the 'Circular'), as well as the approval of all matters presented. Summaries of the results of voting are provided below. Prime is focused on the exploration and development of its wholly owned Los Reyes gold-silver project in Sinaloa State, Mexico ('Los Reyes' or the 'Project'). Recent highlights include: Announcement that the Company is targeting the delivery of a Preliminary Economic Assessment ('PEA') reflecting a high return, high margin, low capital and long-life project at Los Reyes, based on drilling to the end of 2024 and extensive technical work completed to-date. The PEA is targeted for completion in Q3 2025. Cash balance of approximately $32.9 million as at June 17, 2025. In addition, the Company will shortly be publishing its third annual Environmental, Social and Corporate Governance report, which will be made available on its website, at: Meeting Results A total of 103,882,459 common shares were represented at the Meeting, representing 68.13% of the issued and outstanding common shares of the Company at the record date. Number of Directors Voting results for the resolution to set the number of directors to be elected at nine (9) are as follows: Votes For % For Votes Against % Against 103,219,008 99.36% 663,451 0.64% Election of Directors Voting results for the resolution approving the appointment of nominees are as follows: Nominee Votes For % For Votes Withheld % Withheld Murray John 98,399,590 96.05% 4,047,915 3.95% Scott Hicks 102,005,338 99.57% 442,167 0.43% Paul Sweeney 99,361,921 96.99% 3,085,584 3.01% Andrew Bowering 97,037,576 94.72% 5,409,929 5.28% Edie Hofmeister 79,134,692 77.24% 23,312,813 22.76% Marc Prefontaine 101,007,267 98.59% 1,440,238 1.41% Chantal Gosselin 101,118,850 98.70% 1,328,655 1.30% Kerry Sparkes 81,918,002 79.96% 20,529,503 20.04% Sunny Lowe 99,354,374 96.98% 3,093,131 3.02% Appointment of Auditors Voting results for the resolution to approve Davidson & Company LLP, Chartered Professional Accounts as auditor of the Company, and to authorize the directors to fix the remuneration are as follows: Votes For % For Votes Withheld % Withheld 100,914,857 97.14% 2,967,602 2.86% Revised Omnibus Incentive Plan Voting results for the resolution to approve adoption of a revised omnibus incentive plan, as further described in the Circular, are as follows: Votes For % For Votes Against % Against 97,926,055 95.59% 4,521,450 4.41% Unallocated Entitlements Under Omnibus Incentive Plan Voting results for the resolution to approve unallocated entitlements under the revised omnibus incentive plan, as further described in the Circular, are as follows: Votes For % For Votes Against % Against 89,794,404 87.65% 12,653,101 12.35% 2025 Outlook The Company plans to continue its success-based approach to exploration to further identify new prospective targets, expand the existing resource, and infill drilling. Additional work will include geological mapping and geochemical sampling to identify further discovery areas. On January 28, 2025, drilling was paused in response to a deterioration in the security situation in parts of Sinaloa, including the Los Reyes area. This pause is not currently expected to impact the Company's ability to drill a minimum 40,000m program over 12-months from the recommencement of drilling. Six drill rigs remain on site and drill contractors are on standby to resume drilling as soon as security improves. The Company will continue to work with local authorities to monitor the current situation. Planned fiscal 2025 exploration will focus on: Extending the high-grade Z-T Area shoots that remain open at depth, as well as along strike, both north and south. Expanding the known high-grade mineralization at Guadalupe East. Increasing the Central Area resource through additions southeast at Noche Buena and its connection to San Miguel East. Generative target drilling of high-grade intercepts at Las Primas, Fresnillo and Mariposa to further grow these emerging resources, as well as other target discovery areas to demonstrate the significant resource expansion potential at Los Reyes. Project activities are also planned to include: Preliminary Economic Assessment completion: Further refine metallurgical, geotechnical, mine planning and development parameters for project development, including process and underground mining optimization, infrastructure assessment and permitting requirements – targeting Q3 2025 completion. Community Engagement: Continue to engage with and support local ejidos (communities) through educational, community and environmental programming, access (road) improvements and infrastructure development. Prime continues to sponsor and benefit from a strong geologist intern program, supporting geology students from local colleges and universities. Figure 1 – Los Reyes Trends and Exploration Targets About the Los Reyes Gold and Silver Project Los Reyes is a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico. On October 15, 2024, Prime announced an updated multi-million-ounce high-grade open pit and underground resource based on exploration drilling up to July 17, 2024. Since acquiring Los Reyes in 2019, Prime has spent more than $64 million on direct exploration activities and has completed over 221,000 metres of drilling to date. The Company is targeting the delivery of a PEA by the end of Q3, 2025 that will highlight a high return, high margin, low capital and long-life project at Los Reyes. October 15, 2024 Resource Statement 1,2 (based on a $1950/oz gold price, $25.24/oz silver price, economic-constrained estimate) Mining Method and Process Class Tonnage (kt) Gold Grade (g/t) Gold Contained (koz) Silver Grade (g/t) Silver Contained (koz) Open Pit - Mill Indicated 24,657 1.13 899 35.7 28,261 Inferred 7,211 0.89 207 42.8 9,916 Underground Indicated 4,132 3.02 402 152.4 20,243 Inferred 4,055 2.10 273 78.6 10,247 Total Mill Indicated 28,789 1.41 1,301 52.4 48,504 Inferred 11,266 1.33 480 55.7 20,163 Open Pit - Heap Leach Indicated 20,254 0.29 190 8.4 5,492 Inferred 5,944 0.30 58 7.3 1,398 Total Indicated 49,042 0.95 1,491 34.2 53,995 Inferred 17,210 0.97 538 39.0 21,561 Open Pit Resource estimates are based on economically constrained open pits generated using the Hochbaum Pseudoflow algorithm in Datamine's Studio NPVS and the following optimization parameters (all dollar values are in US dollars): $1,950/ounce gold price and $25.24/ounce silver price. Mill recoveries of 95.6% and 81% for gold and silver, respectively. Heap leach recoveries of 73% and 25% for gold and silver, respectively. Pit slopes by area ranging from 42-47 degrees overall slope angle. 5% ore loss and 5% dilution factor applied to the 5 x 5 x 5m open pit resource block models. Mining costs of $2.00 per tonne of waste mined and $2.50 per tonne of ore mined. Milling costs of $16.81 per tonne processed. Heap Leach costs of $5.53 per tonne processed. G&A cost of $2.00 per tonne of material processed. 3% royalty costs and 1% selling costs were also applied. A 0.17 g/t gold only cutoff was applied to ex-pit processed material (which is above the heap-leaching NSR cutoff). Underground Resource estimates are based on economically constrained stopes generated using Datamine's Mineable Shape Optimizer (MSO) algorithm and the following optimization parameters (all dollar values are in US dollars): $1,950/ounce gold price and $25.24/ounce silver price. Mill recoveries of 95.6% and 81% for gold and silver, respectively. Mechanized cut and fill mining with a $60.00 per tonne cost. Diluted to a minimum 4m stope width with a 98% mining recovery. G&A cost of $4.00 per tonne of material processed. Milling costs of $16.81 per tonne processed. 3% royalty costs and 1% selling costs were also applied. Where mentioned, 'residual open pits' assumes that any underground stopes are backfilled with zero grade material at two-thirds of the original rock density. Economic-constrained open pits are then estimated with this mined-out, backfilled material in the open pit block selective mining unit ('SMU') model and assuming the resource parameters above. Mineral Resources are not Mineral Reserves (as that term is defined in the CIM Definition Standards) and do not have demonstrated economic viability. Refer to the Additional Notes section for further information. Drilling and geological interpretation suggests that the three known main deposit areas (Guadalupe, Central and Z-T) are larger than previously reported. Potential also exists for new discoveries where mineralized trends have been identified outside of the currently defined resource areas. Historic operating results indicate that an estimated 1 million ounces of gold and 60 million ounces of silver were recovered from five separate operations at Los Reyes between 1770 and 1990. Prior to Prime's acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies. QA/QC Protocols and Sampling Procedures Drill core at the Los Reyes project is drilled in predominantly HQ size (63.5 millimetres 'mm'), reducing to NQ (47.6 mm) when required. Drill core samples are generally 1.50 m long along the core axis with allowance for shorter or longer intervals if required to suit geological constraints. After logging intervals are identified to be sampled, the core is cut and one half is submitted for assay. Sample QA/QC measures include unmarked certified reference materials, blanks, and field duplicates as well as preparation duplicates are inserted into the sample sequence and make up approximately 8% of the samples submitted to the laboratory for each drill hole. Samples are picked up from the Project by the laboratory personnel and transported to their facilities in Durango or Hermosillo, Mexico, for sample preparation. Sample analysis is carried out by Bureau Veritas and ALS Labs, with fire assay, including over limits fire assay re-analysis, completed at their respective Hermosillo, Mexico laboratories and multi-element analysis completed in Vancouver, Canada. Drill core sample preparation includes fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 gram split to at least 85% passing 75 microns. Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy of a 30 g sample (code FA430 or Au-AA23). Multi-element chemistry is analyzed by 4-Acid digestion of a 0.25-gram sample split (code MA300 or ME-ICP61) with detection by an inductively coupled plasma emission spectrometer for a full suite of elements. Gold assay techniques FA430 and Au-AA23 have an upper detection limit of 10 g/t. Any sample that produces an over-limit gold value via the initial assay technique is sent for gravimetric finish via method FA-530 or Au-GRA21. Silver analyses by MA300 and ME-ICP61 have an upper limit of 200 g/t and 100 g/t, respectively. Samples with over-limit silver values are re-analyzed by fire assay with gravimetric finish FA530 or Au-GRA21. Both Bureau Veritas and ALS Labs are ISO/IEC accredited assay laboratories. Additional Notes Prime's MRE as of October 15, 2024 is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (' CIM ') 'CIM Definition Standards - For Mineral Resources and Mineral Reserves' adopted by the CIM Council (as amended, the ' CIM Definition Standards ') and in accordance with the requirements of NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Metres is represented by 'm'; 'etw' is Estimated True Width and is based on drill hole geometry or comparisons with other on-section drill holes; 'Au' refers to gold, and 'Ag' refers to silver; 'g/t' is grams per metric tonne; some figures may not sum due to rounding; Composite assay grades presented in summary tables are calculated using a Au grade minimum average of 0.20 g/t or 1.0 g/t as indicated in 'Au Cut-off' column of Summary Tables. Maximum internal waste included in any reported composite interval is 3.00 m. The 1.00 g/t Au cut-off is used to define higher-grade 'cores' within the lower-grade halo. Additional details are available in the associated Technical Report, filed on November 27, 2024. Qualified Person Scott Smith, Executive Vice President of Exploration, is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the technical content in this news release. About Prime Mining Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Project. The Company has a well-planned capital structure with a strong management team and insider ownership. Prime is targeting a material resource expansion at Los Reyes through a combination of new generative area discoveries and growth, while also building on technical de-risking activities to support eventual project development. For further information, please visit or direct enquiries to: Scott Hicks CEO & Director Indi Gopinathan VP Capital Markets & Business Development Prime Mining Corp. 710 – 1030 West Georgia St. Vancouver, BC V6E 2Y3 Canada +1(604) 238-1659 info@ Cautionary Notes to U.S. Investors Concerning Resource Estimates This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms 'mineral reserve', 'proven mineral reserve', 'probable mineral reserve', 'inferred mineral resources,' 'indicated mineral resources,' 'measured mineral resources' and 'mineral resources' used or referenced in this presentation are Canadian mineral disclosure terms as defined in accordance with NI 43-101 under the guidelines set out in the CIM Standards. The CIM Standards differ from the mineral property disclosure requirements of the U.S. Securities and Exchange Commission (the ' SEC ') in Regulation S-K Subpart 1300 (the ' SEC Modernization Rules ') under the U.S. Securities Act of 1933, as amended (the ' Securities Act '). As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company's disclosure of mineralization and other technical information may differ significantly from the information that would be disclosed had the Company prepared the information under the standards adopted under the SEC Modernization Rules. Forward Looking Information This news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the perceived merit of the Company's properties, including additional exploration potential of Los Reyes, potential quantity and/or grade of minerals, the potential size of the mineralized zone, metallurgical recoveries, and the Company's exploration and development plans in Mexico. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to COVID-19 and other future pandemics, delays in or failure to receive access agreements, on-going receipt of amended and/or operating permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company's objectives and strategies, including costs and expenses, physical access to the property, security risks, availability of contractors and skilled labour, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 25, 2024, available on Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

Can Nubank Repeat Its Brazilian Success in Mexico and Beyond?
Can Nubank Repeat Its Brazilian Success in Mexico and Beyond?

Globe and Mail

time2 days ago

  • Globe and Mail

Can Nubank Repeat Its Brazilian Success in Mexico and Beyond?

The rapid expansion of Nu Holdings Ltd. NU in Brazil has set a high bar, but replicating that momentum in Mexico may prove more complex. Although Nubank Mexico launched with a more aggressive rollout than its Brazilian counterpart, growth metrics suggest a slower trajectory. When Nubank reached 10 million users in Brazil, it was growing at a robust 20% quarter over quarter. In contrast, Nubank Mexico is currently expanding at a more modest 10% quarterly pace, implying a timeline of nearly two years to double its customer base, compared to just one year in Brazil. However, regulatory tailwinds might change the equation. New banking licenses in Mexico could unlock access to payroll loans, currently dominated by a few legacy banks, and enable Nubank to offer deposit insurance. These advancements would not only diversify Nubank's revenue streams but also strengthen consumer trust, a crucial factor in financial services adoption. Yet the road ahead is still rocky. Mexican incumbents have had a front-row seat to Nubank's disruptive rise in Brazil. This has given them ample time to fortify their defenses, upgrade digital offerings and safeguard their customer base. Unlike in Brazil, where traditional banks were caught off guard, Mexican institutions are preemptively countering Nubank's market entry, likely slowing its path to dominance. In summary, while Mexico presents promising regulatory and market potential, Nubank may struggle to recreate the explosive growth it experienced in Brazil. Future success will depend on both strategic execution and the ability to navigate entrenched competition in newer markets. Peer Pressure? While NU continues to surge ahead in Latin America, U.S.-based peers like SoFi Technologies SOFI and Block XYZ are taking different routes to growth. SoFi is focusing on deepening customer relationships through bundled financial services like lending, investing and banking. Its strategy seems to emphasize lifetime value over rapid user expansion. Meanwhile, Block is sharpening its dual ecosystem approach, serving both individual users through Cash App and small businesses via Square. While both SoFi and Block are evolving steadily, NU's pace and scale of customer acquisition in emerging markets underscore a distinct momentum that sets it apart in the global fintech landscape. NU's Price Performance, Valuation & Estimates The stock has rallied 18% year to date, underperforming the industry 's 22% growth. From a valuation standpoint, NU trades at a forward price-to-earnings ratio of 18.88, well above the industry's 9.2. It carries a Value Score of D. The Zacks Consensus Estimate for NU's second-quarter 2025 earnings has been on the decline over the past 60 days. NU stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nu Holdings Ltd. (NU): Free Stock Analysis Report SoFi Technologies, Inc. (SOFI): Free Stock Analysis Report Block, Inc. (XYZ): Free Stock Analysis Report

PM Modi meets Mexico, South Korea leaders on G7 sidelines in Canada
PM Modi meets Mexico, South Korea leaders on G7 sidelines in Canada

Canada Standard

time4 days ago

  • Canada Standard

PM Modi meets Mexico, South Korea leaders on G7 sidelines in Canada

Kananaskis [Canada], June 18 (ANI): Prime Minister Narendra Modi held separate pull-aside meetings with Mexican President Claudia Sheinbaum and South Korean President Lee Jae-myung on the sidelines of the G7 Summit in Kananaskis, Alberta. Prime Minister Modi met President Claudia Sheinbaum of Mexico during the 51st G7 Summit in Kananaskis, marking the first meeting between the two leaders. Both sides discussed avenues to further deepen India-Mexico cooperation in trade, pharmaceuticals, science and technology, digital innovation, and shared perspectives on key global and regional issues, including the priorities of the Global South. The Ministry of External Affairs shared the details in a tweet on X stating that the meeting was aimed at boosting India-Mexico warm and historical ties. It added that both leaders discussed cooperation in trade, pharmaceuticals, science and technology, digital innovation, and shared perspectives on key global and regional issues. The meetings took place shortly after Prime Minister Modi arrived at the Pomeroy Kananaskis Mountain Lodge on Tuesday, where he was received by Canadian Prime Minister Mark Carney at the summit venue. This marks Modi's sixth consecutive participation in the G7 Summit and his first visit to Canada in a decade. He received a ceremonial welcome at the Calgary airport, where India's acting high commissioner, Chinmoy Naik, was among those who received him. Upon arriving in Calgary, Prime Minister Modi said he will meet various leaders at the G7 Summit and share his thoughts on important global issues. He also said he will emphasize the priorities of the Global South. This visit is part of Modi's three-nation official tour, which began with Cyprus and will conclude with Croatia. In a post on X, Modi said he had landed in Calgary, Canada, to take part in the G7 Summit, and that he would be meeting various leaders at the summit and sharing his thoughts on important global issues, while also emphasizing the priorities of the Global South. Ministry of External Affairs official spokesperson Randhir Jaiswal said Modi will be participating in G7 discussions on the future of energy security, including diversification, technology, infrastructure, and investment, to ensure access and affordability in a changing world. At the invitation of Canadian Prime Minister Mark Carney, Modi arrived in Alberta, Canada for the G7 Summit. He will also hold several bilateral meetings on the sidelines, Jaiswal added on X. The Prime Minister arrived in Canada after concluding his visit to Cyprus. Modi's visit to Canada marks a significant moment in bilateral ties following a phase of strained diplomatic relations. On Monday, India's Acting High Commissioner to Canada, Chinmoy Naik, expressed optimism over discussions set to be held between Prime Minister Modi and his Canadian counterpart, Mark Carney, on the sidelines of the G7 Summit in Alberta. Speaking to ANI, Naik said that Modi has been invited to the G7 Summit by Carney and noted that India will be participating in the G7 Summit as a guest country for the sixth time. He said India will speak about energy security, innovation, and new technologies like artificial intelligence at the summit. The G7 Summit is an annual gathering of leaders from the United States, United Kingdom, France, Germany, Japan, Italy, Canada, and the European Union. This marks Modi's sixth consecutive participation in the G7 Summit. (ANI)

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