PUERTO VALLARTA DAILY NEWS: LOCAL, NATIONAL AND LATE BREAKING NEWS

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Reuters
Puerto Vallarta Real Estate

Mexico navy finds 50 tons of meth in mountain lab

Mexican marines on Friday said they had discovered an underground drug lab in the mountains outside the capital of Sinaloa state where they destroyed 50 tons of methamphetamine. Marines found the lab after intelligence reports indicated that tons of drugs were being produced in the area of Alcoyonqui municipality, about 12 miles (19 km) outside...

Walmart Mexico announces plans to open gas stations

Wal Mart de Mexico (WALMEX.MX), Mexico’s biggest retailer, said on Thursday that it will open gas stations alongside its domestic stores, joining other private companies that are now competing with Pemex, the country’s former monopoly fuel seller. Retail and convenience store chains are especially well positioned to tap into Mexico’s retail gasoline market, given their...

‘Communist’ Frida Kahlo swept up in debate on cultural change in Hungary

Sixty-four years after her death, the personal life and politics of Frida Kahlo have come under scrutiny in Hungary. A right-wing pro-government newspaper has criticized a hugely popular exhibition of her work at the Hungarian National Gallery in Budapest for “promoting communism”. The criticism comes as part of a wider national debate on culture and...

Mysterious manatee deaths in Mexican wetlands spurs quest for answers

In the swampy wetlands of southern Mexico, officials and researchers are struggling to explain the deaths of dozens of manatees, the chubby marine mammals once confused with mermaids by ancient mariners. Fishermen who navigate the muddy waters inland from the coast of Tabasco state have discovered since May at least 28 dead West Indian manatees,...

Incoming Mexican president will take new approach to drug war

Mexican President-elect Andres Manuel Lopez Obrador will review security agreements with the United States, including the $2.9 billion Merida Initiative, and wants to refocus aid to social and economic projects, a senior security aide said on Friday. “When the time comes, we will review initiatives such as Plan Merida,” said Alfonso Durazo, who will head...

Mexico economy dips in second quarter, peso weakens

Mexico’s economy shrank slightly in the second quarter from the previous three-month period, as manufacturing and farming contracted, according to preliminary data released on Tuesday that pushed the peso lower. In seasonally adjusted terms, the economy shrank 0.1 percent in the quarter, according to an estimate published by the national statistics agency. The economy grew...

Trade spat with Mexico hurts U.S. farmer and helps Russia

Mexican bread, pasta and flour-tortilla makers are seeking alternative suppliers of wheat to reduce their dependence on the United States as trade relations between the two neighbors deteriorate. Mexico, the top importer of U.S. wheat, is increasingly turning to cheaper supplies from Russia, which surpassed the United States as the top global wheat supplier in...

Shopping center in Mexico City collapses (video)

A portion of a multilevel luxury shopping center in Mexico City collapsed on Thursday, sending debris flying and kicking up clouds of gray dust, television images showed. No deaths or injuries were immediately reported at the site, Mexico’s civil protection agency said. The shopping center, called Artz Pedregal, in the south of the capital opened...
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