Mexico's foreign minister says expects a rise in migration to the United States

FILE PHOTO: Mexico’s Foreign Minister Marcelo Ebrard delivers a message to the media in Mexico City, Mexico, January 8, 2020. REUTERS/Edgard Garrido/File PhotoMEXICO CITY (Reuters) – Mexico’s Foreign Minister Marcelo Ebrard on Tuesday said he expects migration to the United States to increase and added his government wants to convince Washington to change its approach… Continue reading Mexico's foreign minister says expects a rise in migration to the United States

Mexico Central Bank Wins Respite on Law It’s Trying to Block

Mexico’s central bank won a respite when a bill that could force it to buy drug money was left off the congressional agenda for Monday. Banco de Mexico also got a boost on when a group of private banks on Sunday came out in support of its efforts to kill the legislation. The law could… Continue reading Mexico Central Bank Wins Respite on Law It’s Trying to Block

Mexico central bank takes gloomier view of economy in 2021

MEXICO CITY (Reuters) – Mexico’s central bank revised down its outlook for 2021 economic growth in a quarterly report published on Wednesday, but also tempered its most pessimistic views about growth this year despite the damage being done by the coronavirus pandemic.FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at… Continue reading Mexico central bank takes gloomier view of economy in 2021

Vote in Mexico brings world's largest legal weed market one step closer

MEXICO CITY (Reuters) – Mexico’s Senate approved a landmark cannabis legalization bill in a landslide vote on Thursday, paving the way for the creation of the world’s largest legal marijuana market if the initiative passes the next hurdle in the lower house of Congress.Marijuana leaves are seen next to Mexico’s Senate building at the protest… Continue reading Vote in Mexico brings world's largest legal weed market one step closer

Mexican Billionaire Diversifies Portfolio with 10% Bitcoin Investment

Mexican billionaire Ricardo Salinas Pliego has recently revealed that 10 percent of his entire liquid investment portfolio is tied up in Bitcoin. In a tweet on Wednesday, the business tycoon revealed exposure of his wealth to the digital currency and recommended a book, El Patron Bitcoin (The Bitcoin Standard), to everyone for understanding the nature of the… Continue reading Mexican Billionaire Diversifies Portfolio with 10% Bitcoin Investment

Mexican Billionaire Diversifies Portfolio with 10% Bitcoin Investment

Mexican billionaire Ricardo Salinas Pliego has recently revealed that 10 percent of his entire liquid investment portfolio is tied up in Bitcoin. In a tweet on Wednesday, the business tycoon revealed exposure of his wealth to the digital currency and recommended a book, El Patron Bitcoin (The Bitcoin Standard), to everyone for understanding the nature of the… Continue reading Mexican Billionaire Diversifies Portfolio with 10% Bitcoin Investment

'Praying that Biden wins': Asylum seekers hold their breath as U.S. votes

MONTERREY, Mexico (Reuters) – In a makeshift refugee camp just across the border from Brownsville, Texas, Oscar Borjas and a few friends are planning to gather on Tuesday night to watch anxiously as results from the U.S. presidential election roll in.Cuban migrants, under the “Remain in Mexico” program, work in a barbershop while awaiting their… Continue reading 'Praying that Biden wins': Asylum seekers hold their breath as U.S. votes

Mexico vows purge after ex-defense chief arrested in U.S.

MEXICO CITY (Reuters) – Mexico’s president on Friday promised to clean up the armed forces but backed its current leadership after the arrest of a former defense minister on drugs charges in the United States.FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador gestures as he speaks during the delivery of an investigation report with relatives… Continue reading Mexico vows purge after ex-defense chief arrested in U.S.

Mexico asks Austria to loan precious Aztec-era headdress

MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador on Tuesday pressed Austria to loan Mexico a bejeweled feather headdress considered one of the country’s most important pre-Hispanic artifacts for display in an exhibition next year.FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador sings Mexican national anthem as Mexico marks the 210th anniversary of its… Continue reading Mexico asks Austria to loan precious Aztec-era headdress

U.S. water row puts Mexican president in opposition sights

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador’s desire to placate the United States in a dispute over water has given the beleaguered opposition a flag to rally around as it tries to loosen his grip on the national agenda.FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador gestures as he speaks during the… Continue reading U.S. water row puts Mexican president in opposition sights

This Year Has Seen A Record Number of Climate Disasters Costing $1 Billion

The U.S. in 2020 has already seen 16 climate-related disasters that caused more than $1 billion in damage each, according to the National Oceanic and Atmospheric Administration. That ties the record shared by 2011 and 2017—after only nine months. The annual average for 2015 to 2019 was 13.8 billion-dollar events a year, more than double the… Continue reading This Year Has Seen A Record Number of Climate Disasters Costing $1 Billion

Mexico Leading in Crypto Usage and Adoption in Booming Latin American Market

The Latin American crypto market is leading among all others when it comes to cryptocurrency adoption and usage, noted local news outlet Economista in a report yesterday. The Latin American market captures over 7% of the estimated digital currency economy worldwide, with Mexico accounting for the largest share in the region as per data from… Continue reading Mexico Leading in Crypto Usage and Adoption in Booming Latin American Market

SoftBank-backed used-car startup Kavak becomes first Mexican unicorn

MEXICO CITY (Reuters) – SoftBank-backed used-car platform Kavak has become Mexico’s first tech “unicorn” after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.FILE PHOTO: A logo of used autos platform Kavak is pictured on a car in Mexico City, Mexico, August 25, 2020. REUTERS/Edgard GarridoThe… Continue reading SoftBank-backed used-car startup Kavak becomes first Mexican unicorn

Mexican soldiers may be arrested in infamous missing students case: sources

MEXICO CITY (Reuters) – Mexican authorities are preparing arrest warrants that could for the first time target soldiers in the investigation into the 2014 abduction and presumed massacre of 43 students, according to three sources briefed on the new developments. The unsolved kidnapping of the young men who were training to be teachers convulsed the… Continue reading Mexican soldiers may be arrested in infamous missing students case: sources

Mexican solders may be arrested in infamous missing students case: sources

MEXICO CITY (Reuters) – Mexican authorities are preparing arrest warrants that could for the first time target soldiers in the investigation into the 2014 abduction and presumed massacre of 43 students, according to three sources briefed on the new developments. The unsolved kidnapping of the young men who were training to be teachers convulsed the… Continue reading Mexican solders may be arrested in infamous missing students case: sources

Stock Alert: Nano-X Imaging Tumbles 11%

Shares of Nano-X Imaging Ltd. (NNOX) are falling almost 11 percent or $6.89 in Monday’s morning trade at $57.30 despite no specific news that could influence shares of the medical imaging technology company. U.S. stocks are higher on Monday, with tech stocks among the leading gainers. Positive sentiment was also generated in reaction to news… Continue reading Stock Alert: Nano-X Imaging Tumbles 11%

Teotihuacan pyramids, top Mexican tourist draw, reopen to public

TEOTIHUACAN, Mexico (Reuters) – The massive temples and pyramids of Teotihuacan, one of Mexico’s top tourist destinations, reopened to visitors on Thursday, more than five months after closing in an effort to slow the spread of the coronavirus. A trickle of tourists could be seen Thursday morning along the ancient city’s main thoroughfare, the so-called… Continue reading Teotihuacan pyramids, top Mexican tourist draw, reopen to public

Toxic Hand Sanitizers Are Sold Freely in Mexico After U.S. Ban

Deadly hand sanitizers that were banned in the U.S. are still circulating widely in Mexico, raising concerns among health experts that scores of people slathering the gel on may be slowly poisoning themselves. Four people died in the U.S. and three people partially lost their eyesight this year after drinking the sanitizers, prompting a testing… Continue reading Toxic Hand Sanitizers Are Sold Freely in Mexico After U.S. Ban

Mexico nears somber coronavirus milestone even as signs of hope emerge

ECATEPEC, Mexico (Reuters) – Standing in a graveyard on the outskirts of Mexico City decked out in a cowboy hat to cover his rugged features from the sun, guitar player Eberardo Vargas this week had fewer funerals to play at than he has for most of the coronavirus pandemic. Even as Mexico approaches a grim… Continue reading Mexico nears somber coronavirus milestone even as signs of hope emerge

Mexico President Shows Video of Officials With Bags Full of Cash

Mexican President Andres Manuel Lopez Obrador showed a video of former senate officials counting bags full of pesos, calling it evidence of the “filth” of previous administrations. The four minute-long footage — which was originally leaked on YouTube on Sunday — shows officials who worked in the senate during the previous administration counting thousands of… Continue reading Mexico President Shows Video of Officials With Bags Full of Cash

Mexico’s Tourism Website Tripped Up by Strange Translations

The sometimes literal nature of automated translation programs has tripped up plenty of tourists — or in the case of Mexico, its entire tourism board. Operators of the Visitmexico.com website were left red-faced on Friday when the English version of the tourism information portal suddenly sprouted a series of comic or literal translations. Confusion escalated… Continue reading Mexico’s Tourism Website Tripped Up by Strange Translations

Mexico Video Shows Dozens of Uniformed Gunmen, Armored Cars

Mexico City (AP) — Mexico’s top security official said Saturday that authorities are investigating a video showing dozens of combat-uniformed gunmen posing with military-grade weapons and armored pickup trucks, some painted with the initials of the Jalisco drug cartel, in what appears to be a show of power. Many of the trucks in a column… Continue reading Mexico Video Shows Dozens of Uniformed Gunmen, Armored Cars

Former Pemex boss arrives back in Mexico for graft trial, enters hospital

MEXICO CITY (Reuters) – A former boss of Mexico’s state oil company Petroleos Mexicanos facing corruption charges that could envelop leaders of the last government was taken to a hospital early on Friday shortly after his overnight extradition to Mexico from Spain. Emilio Lozoya, wanted for alleged bribery and money laundering dating back to his… Continue reading Former Pemex boss arrives back in Mexico for graft trial, enters hospital

Plane carrying ex-Pemex boss facing corruption charges lands in Mexico: Mexican media

MEXICO CITY (Reuters) – A plane carrying Emilio Lozoya, a former chief executive of Mexican state oil firm Petroleos Mexicanos (Pemex) who is facing corruption charges, landed in Mexico early on Friday, television images showed. Lozoya, 45, has been charged with bribery and money laundering dating back to his 2012-2016 tenure at the helm of… Continue reading Plane carrying ex-Pemex boss facing corruption charges lands in Mexico: Mexican media