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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Richemont has re-established the role of chief executive after almost a decade as the Swiss luxury group navigates a market downturn.

The group, which is chaired by its controlling shareholder Johann Rupert, said Nicolas Bos, the head of its jewellery brand Van Cleef & Arpels, would take up the position on June 1. He will report to Rupert.

“Building on Richemont’s expanded scale and stronger focus on retail and jewellery, Nicolas will steer the group through the next phase of its evolution,” Rupert said. “The re-established CEO role will help streamline decision making and optimise operational management.”

The decision to reinstate the role came as Richemont reported a slowdown in fourth-quarter sales.

A group of people wait to be processed after crossing the border between Mexico and the United States as they seek asylum in April 2024, near Jacumba, Calif.

Gregory Bull/AP

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Gregory Bull/AP

A group of people wait to be processed after crossing the border between Mexico and the United States as they seek asylum in April 2024, near Jacumba, Calif.

Gregory Bull/AP

WASHINGTON — Arrests for illegally crossing the U.S. border from Mexico fell more than 6% in April to the fourth lowest month of the Biden administration, authorities said Wednesday, bucking the usual spring increase.

U.S. officials have largely attributed the decline to more enforcement in Mexico, including in yards where migrants are known to board freight trains. Mexico won’t allow more than 4,000 illegal crossings a day to the U.S., Alicia Barcena, Mexico’s foreign relations secretary, told reporters Tuesday, down from more than 10,000 Border Patrol arrests on some days in December.

Migrants were arrested 128,884 times in April, down from 137,480 in March and barely half a record-high of 249,737 in December, U.S. Customs and Border Protection said. While still historically high, the sharp decline in arrests since late December is welcome news for President Joe Biden on a key issue that has nagged him in election-year polls.

San Diego became the busiest of the Border Patrol’s nine sectors along the Mexican border for the first time since the 1990s with 37,370, replacing Tucson, Arizona.

Troy Miller, Customs and Border Protection’s acting commissioner, said more enforcement, including deportations, and cooperation with other countries resulted in lower numbers.

“As a result of this increased enforcement, southwest border encounters have not increased, bucking previous trends. We will remain vigilant to continually shifting migration patterns,” he said.

Authorities granted entry to 41,400 people in April at land crossings with Mexico through an online appointment app called CBP One, bringing the total to more than 591,000 since it was introduced in January 2023.

The U.S. also allows up to 30,000 Cubans, Haitians, Nicaraguans and Venezuelans if they apply online with a financial sponsor and arrive on commercial flights. About 435,000 entered the country that way through April, including 91,000 Cubans, 166,700 Haitians, 75,700 Nicaraguans and 101,200 Venezuelans.

PROCLAMATION
BY THE
Governor of the State of Texas
PROCLAMATION No. 2024-0001
DPS #07666731
TO ALL TO WHOM THESE PRESENTS SHALL COME:
WHEREAS, Daniel Scott Perry, TDCJ #02450686, D.O.B. April 24, 1987, was
sentenced in the 147th District Court in Travis County on May 10, 2023, to twenty-
five years in prison for the offense of Murder, Cause No. D-1-DC-21-900007; and
WHEREAS, the Texas Board of Pardons and Paroles has conducted an exhaustive
review of Daniel Scott Perry’s personal history and the facts surrounding his shooting
of Garrett Foster; and
WHEREAS, both the Second Amendment to the United States Constitution and
Article I, Section 23, of the Texas Constitution protect the right to keep and bear arms
for, among other things, self-defense; and
WHEREAS, Texas law, consistent with those constitutional guarantees, provides one of
the clearest self-defense protections in the United States; and
WHEREAS, Texas Penal Code § 9.32(a) provides that a person “is justified in using
deadly force against another” when that person “reasonably believes the deadly force
is immediately necessary” to protect a person against another’s use of unlawful deadly
force; and
WHEREAS, Texas Penal Code § 9.32(c) provides that a person who is otherwise
lawfully present at the location where deadly force is used “is not required to retreat
before using deadly force”; and
WHEREAS, on July 25, 2020, Daniel Scott Perry, while driving on a public road in
Austin, slowed his vehicle as he rounded a corner onto Congress Avenue and
encountered a group of protestors obstructing traffic; and
WHEREAS, Daniel Scott Perry’s car was immediately surrounded by aggressive
protestors who rushed to obstruct, strike, pound, smash, and kick his vehicle; and
WHEREAS, Garrett Foster then approached within 18 inches of Daniel Scott Perry’s
car, confronted him, and brandished a Kalashnikov-style rifle in the low-ready firing
position; and
WHEREAS, Daniel Scott Perry fired his handgun at Garrett Foster to eliminate a
perceived threat to his safety and called law enforcement less than one minute later to
inform them of the incident; and
WHEREAS, Daniel Scott Perry explained to law enforcement at the time that he used
his weapon because he feared losing his life and has since consistently stated that he
acted in self-defense; and
WHEREAS, Travis County District Attorney José Garza, rather than upholding the self-
defense rights of citizens, has prioritized “reducing access to guns” that citizens may
use to lawfully defend themselves; and
FILED IN THE OFFICE OF THE
SECRETARY OF STATE
1:25 PM O’CLOCK
MAY 16 2024