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Mexico News
Mexican GDP will “accelerate” towards 4.3% next year, partly because of infrastructure and energy plans detailed by the government this week, analysts say. Enrique Peña Nieto’s administration put forward secondary legislation on energy reform to the Mexican senate on Wednesday, spelling out the fine print of plans set out last year. That followed the government’s...
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Mexico is one of the world leaders in paper recycling, ranked sixth above nations like Germany, Spain and the UK , according to statistics from the National Chamber of Industrial cellulose and Paper. Mexico generates nearly 22 million tons of paper per year, of which over 80% comes from recycled material. The remaining 20% is...
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Mexican lawmakers on Wednesday approved legislation that would allow soldiers accused of committing crimes against non-military personnel to be tried in civilian courts. Lower house lawmakers voted 428 to zero to approve the bill, which was passed by the Senate last week and will now be sent to President Enrique Pena Nieto to be signed...
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The Global Wellness Tourism Congress (GWTC), a division of the Global Wellness Institute (GWI) focused on charting the growth of the rapidly growing wellness travel sector, today released first-ever findings on the Latin American wellness travel market at the World Tourism Organization’s (UNWTO) affiliate conference being held in Uruguay. The research, undertaken by SRI International...
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The Mexican government is proposing bidding-based rules for the opening of its state-owned oil and energy industry, saying contracts and production licenses will be put out for public bid and will go to the company that offers the best return. Energy Secretary Pedro Joaquin Coldwell said Wednesday that private companies will not be allowed to...
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Year after year, millions of North American monarch butterflies make their way on a 3,000-mile journey from locations across Canada and the United States to winter in Mexico, where they gather in oyamel fir trees in the states of Michoacán and Mexico. In recent years, scientists have noted a sharp decline in the number of...
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Mexican President Enrique Pena Nieto on Monday raised his goal for infrastructure spending to 7.7 trillion pesos ($587 billion) by 2018, in a bid to boost growth in Latin America’s number 2 economy. The new target, which includes both public and private investment, is nearly twice the 4 trillion peso goal announced by Pena Nieto...
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“All Eyes On Mexico,” reads the latest headline from Forbes covering Mexico’s landmark energy reform legislation, which passed in late 2013 and will be finalized over the next two weeks as lawmakers release details surrounding how the reforms will be implemented. “Prior to the reforms, Mexico had [one of] the most closed energy regimes of...
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A zonkey, a rare cross between a zebra and a donkey, has been born at a zoo in northern Mexico. Reynosa zoo in the northeastern state of Tamaulipas said the animal, which they have named Khumba was born on 21 April. It said Khumba’s mother is a female zebra called Rayas while the father is...
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While energy reforms have opened the door for Mexico’s state-run energy company to expand overseas, its focus for now will be on developing its “low-hanging fruit,” the head of Pemex said on Thursday. Pemex Chief Executive Emilio Lozoya spoke in Washington, D.C., at the annual conference of the Export-Import Bank, the official U.S. export credit...
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In a major boost to science and technology research in developing countries, including India, the British government has launched a five-year, $630 million fund to support science and innovation partnerships with researchers that will focus on economic development. The Newton Fund, first announced in December 2013, will consist of money transferred from the Department for...
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Mexican billionaire Carlos Slim struck an 11th-hour deal with the Austrian government on Wednesday to pool their stakes in Telekom Austria, paving the way for Slim to take control of the Austrian phone company. Slim’s telecoms giant, America Movil (AMXL.MX), agreed to vote in favor of a 1 billion euro capital increase for Telekom Austria...
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Femicides, domestic violence, human trafficking and sexual crimes are investigated by the Policewomen’s Criminal Investigation Model Unit of the state of Morelos, a 26-member squad launched in November. “The main goal is to investigate and pursue crimes against women and in this way, improve their quality of life,” Morelos State Attorney General Rodrigo Dorantes Salgado...
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Mexican state-owned oil giant Petroleos Mexicanos said Tuesday it is looking to forge partnerships and associations with domestic and foreign oil companies in a bid to bolster its competitiveness. “What we’re looking to do is to promote synergies between Petroleos Mexicanos and its suppliers, contractors, partners and technologists – as well as with higher education...
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Mexican authorities said here Tuesday they would hold auctions in the near future for five new natural gas pipelines, which are to be built at a cost of $2.25 billion. The CEO of Comision Federal de Electricidad, or CFE, Enrique Ochoa, said in a statement that the state-owned electric utility and the Energy Secretariat would...
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