The growth of winter tourism in Mexico will ‘cool’ its performance for this year’s December season, as it is expected to barely increase 0.9 percent compared to 2018, which would be its worst data for the same period in the last 6 years. According to the forecasts of the Ministry of Tourism (Sectur), this slight...
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The lower house of Mexico’s Congress approved a controversial law Wednesday to grant amnesty for non-violent robbery, drug and other crimes, as long as those were first offenses. The bill was approved in a 285-144 vote, but now goes to the Senate for final approval. Amnesty would be available for drug possession in amounts up...
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Canada, Mexico and the United States have reached an agreement on a new North American free trade deal and they will sign it on Tuesday, but the pact still needs the approval of U.S. and Canadian lawmakers, Mexico’s president said. President Andres Manuel Lopez Obrador said the three countries had agreed on tweaks to labor,...
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Mexico’s annual inflation fell below the central bank’s 3% target in November, according to official figures released on Monday, adding to expectations that the bank will cut rates further. The national consumer price index rose 2.97% in the year through November, according to the national statistics institute, INEGI. The rate fell below the estimates of...
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President Donald Trump said on Friday he will temporarily hold off designating Mexican drug cartels as terrorist organizations at the request of Mexico’s president. Trump said last week he would make the designation to disrupt the cartels’ finances through sanctions such as asset freezes and travel bans. But Mexican President Andres Manuel Lopez Obrador objected,...
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Mexico said Friday that it has made the biggest oil discovery in the country since 1987 at the Quesqui field in the Gulf coast state of Tabasco. Pemex said it first discovered the field in Tabasco state in May, before beginning studies to evaluate its viability. The site, called Quesqui, is a so-called 3P reserve,...
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According to a list made by the HSBC Expatriate Financial Services Group, Mexico is among the list of countries that have the best living conditions; including economic, social and political factors. Mexico ranks above developed countries such as the United States, Japan and/or the United Kingdom. This Ranking takes into account physical and mental well-being,...
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Clashes between police and suspected cartel gunmen in a northern Mexican town killed 21 people this weekend, authorities said, adding fuel to bilateral tensions sparked by U.S. President Donald Trump’s vow to designate the drug gangs as terrorists. Mexican President Andres Manuel Lopez Obrador, who is pushing a less confrontational approach to subduing the cartels,...
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President Andres Manuel Lopez Obrador said on Friday Mexico had not been invaded for more than a century and he would not permit another foreign intervention, reflecting tensions over a Trump administration plan to designate drug cartels based in Mexico as terrorist groups. Designating groups as foreign terrorist organizations is aimed at disrupting their finances...
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U.S. President Donald Trump said he will designate Mexican drug cartels as terrorist groups for their role in trafficking narcotics and people, prompting a speedy request for talks by Mexico. “They will be designated … I have been working on that for the last 90 days. You know, designation is not that easy, you have...
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Mexico’s government on Tuesday announced the first phase of an ambitious infrastructure plan underwritten by the private sector, covering a wide range of transportation and other public works projects over five years. The plan compromises private-sector commitments totaling 859 billion pesos ($44.3 billion) stretched across 147 projects. The top sectors covered by the plan are...
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The Mexican government says it won’t allow a 1,000-ton shipment of the pesticide glyphosate into the country, citing health and environmental concerns. Mexico became the latest in a string of countries to announce bans on glyphosate, the active ingredient in weed killer Roundup. Mexico’s environment department said Monday it denied a permit to import glyphosate,...
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