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It may be just electioneering: López Obrador leaves office in September, and he really wants his party’s candidate, former Mexico City mayor Claudia Sheinbaum, to win the presidential elections. López Obrador has made other unfulfilled promises in the past, like pledging Mexico would have a health care system “better than in Denmark." But the cost of what López Obrador is proposing for pensions is striking. The other half of Mexicans, who work under the table in the ‘informal’ economy, have no pension program at all. It seems unlikely to be achieved, so why would López Obrador propose it?

Persons: —, Andrés Manuel López Obrador, López Obrador, Claudia Sheinbaum, “ It's, Morena, ”, Gabriela Siller, It's, he'll, “ López Obrador, Claudia, Sheinbaum, Viri Ríos Organizations: MEXICO CITY, Mexico City, Morena, Nuevo Leon, Banco Base, López Obrador doesn’t, National Guard Locations: MEXICO, Mexico, Denmark, Morena

President Andrés Manuel López Obrador immediately interpreted the reports as a U.S. attack on his government and his Morena party before Mexico’s June 2 presidential election. The stories described testimony by traffickers that they passed about $2 million to confidants of López Obrador in 2006, when he narrowly lost the race for president. Political Cartoons View All 253 Images“It is completely false, it's slander,” López Obrador said Wednesday at his daily media briefing. López Obrador is notoriously touchy about anything that tarnishes his own moral authority or reputation, upon which his entire party rests. Campaign operators linked to López Obrador have been caught on video several times receiving large sums of cash, but with no proof he knew about it.

Persons: —, Andrés Manuel López Obrador, Salvador, López Obrador, ” López Obrador, “, ” “ It's, Mike Vigil, “ It's, ” Vigil, Cienfuegos, Vigil, Claudia Sheinbaum, López Obrador's, Mexico's, Beltran Leyva, didn't, Guadalupe Correa, Cabrera, ”, Correa, “ That's, Manuel López Obrador, Mexico’s Organizations: MEXICO CITY, ., Mexico’s, . Drug, Administration, López, ProPublica, Deutsche Welle, George Mason University, U.S, Republicans, Republican, DEA, Cienfuegos ’, United Locations: MEXICO, U.S, Mexico, Mexican, Salvador Cienfuegos, Cienfuegos, United States, López Obrador's Morena, ‘ Mexico, Los Angeles

☆ Mexican Leak of Journalists' Personal Data Raises Security Worries
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Officials said the personal data of at least 263 journalists, whom they did not publicly identify, was illegally accessed and released. The leak exposes the journalists to potential identity theft and could compromise their physical security because the data includes home addresses. "The safety of our journalists is paramount, and we are deeply troubled by this leak of personal data. "What I'm most worried about is possible identity theft and that someone misuses my personal data to commit fraud," said Morales, designated as the paper's spokesman on the matter. Officials informed journalists of the "possible violation" on Monday after some saw images of their personal documents in news reports.

Persons: Brendan O'Boyle, David Alire Garcia, Andres Manuel Lopez Obrador's, Lopez Obrador, Alberto Morales Mendoza, Morales, Sofia Paredes, Christian Plumb, Cynthia Osterman, Neil Fullick Organizations: David Alire Garcia MEXICO CITY, Jornada, El Universal, Reuters, La Jornada Locations: Mexico, Spanish, Mexican

MEXICO CITY (AP) — Mexico’s government has acknowledged that at least two well-known Mayan ruin sites are unreachable by visitors because of a toxic mix of cartel violence and land disputes. The explosion of drug cartel violence in Chiapas since last year has left the Yaxchilán ruin site completely cut off, the government conceded Friday. They say that to get to yet another archaeological site, Lagartero, travelers are forced to hand over identification and cellphones at cartel checkpoints. Though no tourist has been harmed so far, and the government claims the sites are safe, many guides no longer take tour groups there. The guide said the ruin sites have the added disadvantage of being in jungle areas where the cartels have carved out at least four clandestine landing strips to fly drugs in from South America.

Persons: —, “ It’s, ”, Andrés Manuel López, “, López Obrador, Mexico — Organizations: MEXICO CITY, “, National Institute of Anthropology, Central Americans, National Guard Locations: MEXICO, Chiapas, Guatemala, Tonina, Gaza, Lagartero, Mexico, Palenque, Frontera Comalapa, Darien, South America, Central America, U.S, Cuba, Asia, Africa, Sinaloa, Jalisco

☆ Rampant Extortion Reveals 'Corrosive' Hole in Mexico Security Strategy
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

"Burgeoning extortion has not grabbed the headlines, but it's been the all-the-more corrosive fallout of a security strategy that never merited the label," said Falko Ernst, a senior analyst at the International Crisis Group. Lopez Obrador denies his strategy has fed impunity, but said after the villagers' bloody takedown of extortionists in Texcapilla, some 75 miles (120 km) southwest of Mexico City, that Mexico must fight the problem. Security frequently tops polls of voters' chief concerns ahead of the June 2 presidential election to succeed Lopez Obrador, who under Mexican law cannot run again. Sheinbaum has defended the administration, while also pledging "zero impunity" and highlighting her own record on security in Mexico City, where murders fell far more sharply. A recent study by a Mexican Senate think tank said Mexico suffers some 13,000 acts of extortion daily.

Persons: Dave Graham MEXICO, Andres Manuel Lopez Obrador, Lopez, it's, Falko Ernst, Lopez Obrador, abrazos, Lopez Obrador's, Mexico City Mayor Claudia Sheinbaum, Sheinbaum, Ernst, Mexico's, extortioners, Carlos Heredia, Dave Graham, Lizbeth Diaz, Alistair Bell Organizations: Dave Graham MEXICO CITY, Crisis, Mexico City Mayor, Army Locations: Texcapilla, Mexico City, Mexico, Mexican

The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.

Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City

☆ Mexico president asks lawmakers to let US military trainers into Mexico
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/3] U.S. President Joe Biden meets with Mexican President Andres Manuel Lopez Obrador on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S. November 17, 2023. The announcement published Tuesday said President Andres Manuel Lopez Obrador sought permission for 11 U.S. military personnel to take part in a program called "Strengthening the Capacities of the Special Forces of the Defense Ministry." Lopez Obrador has vigorously defended the principle of Mexican sovereignty, passing measures to restrict the ability of U.S. counter-narcotics agents to operate in Mexico. The U.S. troops are expected to arrive in Mexico with their own weapons, ammunition and equipment, the Senate letter added. For his part, Lopez Obrador has been critical of U.S. anti-narcotics officials operating on Mexican territory, accusing U.S. Drug Enforcement Administration (DEA) agents of trampling on Mexican sovereignty.

Persons: Joe Biden, Andres Manuel Lopez Obrador, Kevin Lamarque, Lopez Obrador, Lopez Obrador's, Dave Graham, Drazen Jorgic, Franklin Paul, Deepa Babington Organizations: Economic Cooperation, REUTERS, MEXICO CITY, Mexican Senate, U.S, Special Forces of, Defense Ministry, Special Forces Group, Mexico's Defense Ministry, United States, Drug Enforcement Administration, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexican, Mexico, United States, Mexico City, Jan, Iraq, Afghanistan

☆ Analysis-In Mexico, Gender Balance Push Puts Political Parties in Unfamiliar Bind
▼ + stars: | 2023-11-18 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

Since 2018, Congress has been split 50-50, and nine of 31 state governors are now women - up from only one woman state governor five years ago. SET IN STONEThe push that also saw Lopez Obrador opt for gender parity in his first cabinet has ushered in a broader shift that looks very likely to yield Mexico's first woman president next year. Carla Humphrey, an INE commissioner who has helped lead the charge for equal representation, said the watershed dates back to gender parity recommendations enshrined in law in the 1990s. They were buttressed by 2012 changes that meant parties could have candidates disqualified if the rules were not met. Since 2019, Mexico's constitution requires gender parity in all elected positions.

Persons: David Alire Garcia, Clara Brugada, Omar Garcia Harfuch, Andres Manuel Lopez, Brugada, Garcia Harfuch, Violeta Vazquez, Rojas, " Vazquez, MORENA, Olga Sanchez Cordero, Lopez, Carla Humphrey, We've, Humphrey, Margo Glantz, Sor Juana Ines de la Cruz, Evelyn Salgado, Glantz, Salgado, Hurricane Otis, Dave Graham Organizations: David Alire Garcia MEXICO CITY, Mexico City mayoral, Regeneration, Mexico City, Senate Locations: Mexico, MORENA, Mexican, Oaxaca, America, Caribbean, Guerrero, Hurricane, Acapulco

☆ Mexican lawmakers OK stock market reform bill
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Nov 15 (Reuters) - Mexico's lower house on Wednesday passed a bill aimed at revamping national stock exchanges, a long-awaited move meant to boost trading following a spate of delistings from the main market in recent years. The bill loosens regulations for companies to go public, speeding up the process and reducing the costs involved, said Mexico's largest market operator, the Bolsa Mexicana de Valores, in a statement. The bill had previously passed in the Senate, and will now be sent to President Andres Manuel Lopez Obrador's desk to be signed into law. Just 138 companies are listed on the Bolsa Mexicana de Valores, which has gone six years without a new listing, barring spin-offs. Reporting by Kylie Madry and Diego Ore; Editing by Anthony Esposito and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Gabriel Yorio, Andres Manuel Lopez, Lala, Kylie Madry, Diego Ore, Anthony Esposito, Stephen Coates Organizations: MEXICO CITY, Bolsa Mexicana de, Senate, Grupo Sanborns, Thomson Locations: MEXICO, Bolsa Mexicana de Valores

☆ Mexico's ruling party again picks woman to run for mayor of capital
▼ + stars: | 2023-11-11 | by ( David Alire Garcia | ) www.reuters.com time to read: +2 min

[1/2] Aspiring candidate for the position of mayor of Mexico City and Iztapalapa Mayor Clara Brugada, attends an event in the municipality of Iztapalapa, in Mexico City, Mexico September 5, 2023. REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Nov 11 (Reuters) - Mexico's ruling party on Saturday picked veteran politician Clara Brugada to be its candidate for Mexico City mayor, placing her in a strong position to win the election next June. "Today we came out strong and united to win the heart of our great capital." As runner-up for the capital, Brugada will run for the job to meet the quota, MORENA party leaders said. His then-environment chief Claudia Sheinbaum, who became mayor in 2018, won the party's presidential nomination in September for the 2024 election.

Persons: Clara Brugada, Raquel Cunha, Brugada, Andres Manuel Lopez Obrador's, Omar Garcia Harfuch, MORENA, Lopez Obrador, Claudia Sheinbaum, David Alire Garcia, Dave Graham, Diane Craft Organizations: Iztapalapa, REUTERS, MEXICO CITY, Saturday, Mexico City, Regeneration, Twitter, Thomson Locations: Mexico City, Iztapalapa, Mexico, MEXICO, Brugada

☆ Mexico's Ruling Party Again Picks Woman to Run for Mayor of Capital
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By David Alire GarciaMEXICO CITY (Reuters) - Mexico's ruling party on Saturday picked veteran politician Clara Brugada to be its candidate for Mexico City mayor, placing her in a strong position to win the election next June. Brugada could become the second woman in a row to be elected as mayor of the Mexican capital if her campaign for President Andres Manuel Lopez Obrador's leftist National Regeneration Movement (MORENA) is successful. "Today we came out strong and united to win the heart of our great capital." As runner-up for the capital, Brugada will run for the job to meet the quota, MORENA party leaders said. His then-environment chief Claudia Sheinbaum, who became mayor in 2018, won the party's presidential nomination in September for the 2024 election.

Persons: David Alire Garcia, Clara Brugada, Brugada, Andres Manuel Lopez Obrador's, Omar Garcia Harfuch, MORENA, Lopez Obrador, Claudia Sheinbaum, Dave Graham, Diane Craft Organizations: David Alire Garcia MEXICO CITY, Saturday, Mexico City, Regeneration, Twitter Locations: Iztapalapa, Mexico, Brugada

[1/4] A screen displays images as Mexican journalist and UFO enthusiast Jaime Maussan (not pictured) hosts a second briefing on unidentified flying objects, known as UFOs, at Mexican Congress, in Mexico City, Mexico November 7, 2023. Maussan said the bodies, believed to have been found near Peru's ancient Nazca lines, were not related to any life on Earth. "They're real," Zuniga told Reuters on the sidelines of the session. Zuniga presented a letter signed by 11 researchers from the university declaring the same. The bodies that he and the other university researchers looked at, however, were real, he said.

Persons: Jaime Maussan, Quetzalli, Maussan, Roger Zuniga, Zuniga, Sergio Gutierrez, Andres Manuel Lopez Obrador's, Celestino Adolfo Piotto, Claudio Yarto, Cassandra Garrison, Christian Plumb, Miral Organizations: REUTERS, MEXICO CITY, San Luis Gonzaga National University, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, San, Ica Peru, Morena, Argentine

☆ Mexico Supreme Court Justice Steps Down, to Join 'Transformation'
▼ + stars: | 2023-11-07 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

MEXICO CITY (Reuters) - Mexican Supreme Court justice Arturo Zaldivar is stepping down from his post, he said on Tuesday in a post on social media network X, to join Mexico's "transformation," an apparent reference to President Andres Manuel Lopez Obrador's political movement. Zaldivar had previously acted as chief of the court. He said on Tuesday he would continue to serve Mexico in efforts to shore up "the transformation of a fairer and more egalitarian Mexico."

Persons: Arturo Zaldivar, Andres Manuel Lopez, Zaldivar Organizations: MEXICO CITY Locations: MEXICO, Mexico

☆ Mexico supreme court justice steps down, to join 'transformation'
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

President of the Supreme Court of Justice (SCJN) Arturo Zaldivar delivers his third annual report, at the Court premises in Mexico City, Mexico December 15, 2021. REUTERS/Gustavo Graf/File Photo Acquire Licensing RightsMEXICO CITY, Nov 7 (Reuters) - Mexican Supreme Court justice Arturo Zaldivar is stepping down from his post, he said on Tuesday in a post on social media network X, to join Mexico's "transformation," an apparent reference to President Andres Manuel Lopez Obrador's political movement. Zaldivar had previously acted as chief of the court. He said on Tuesday he would continue to serve Mexico in efforts to shore up "the transformation of a fairer and more egalitarian Mexico." Reporting by Kylie MadryOur Standards: The Thomson Reuters Trust Principles.

Persons: SCJN, Arturo Zaldivar, Gustavo Graf, Andres Manuel Lopez, Zaldivar, Kylie Madry Organizations: Justice, REUTERS, MEXICO CITY, Thomson Locations: Mexico City, Mexico, MEXICO

☆ Mexican businesses warmed by glow of 'nearshoring' dawn
▼ + stars: | 2023-11-06 | by ( Noe Torres | ) www.reuters.com time to read: +4 min

MEXICO CITY, Nov 6 (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border. "Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis. One notable project - electric vehicle maker Tesla's plans for a reported $5 billion factory in northern Mexico - has been credited with attracting $1 billion in Chinese investments to nearby industries. Mexican real estate investment trust Fibra Uno (FUNO11.MX) plans to launch a trust allowing investors to cash in on expected growth of industrial assets. Total Mexican construction output jumped almost by 46% in August year-on-year, with northern states performing strongly.

Persons: Gerardo Copca, Nearshoring, Fibra Uno, Andre El, Mann, AMPIP, Lorenzo Berho, El, Berho, Enrique Navarro, Andres Manuel Lopez Obrador's, Noe Torres, Dave Graham, David Alire Garcia, Christian Plumb, Josie Kao Organizations: MEXICO CITY, Fibra, Banco Regional, U.S, UBS, Cement, GCC, Thomson Locations: MEXICO, U.S, Mexico, Asia, Mexican, Queretaro, Guanajuato, Jalisco, United States, Canada, China, Swiss, Chihuahua, Texas

☆ Mexican Senate cancels trusts for judiciary worth over $800 mln
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The Senate, controlled by Lopez Obrador's leftist National Regeneration Movement (MORENA) and its allies, approved the measure to do away with the trusts worth some 15 billion pesos ($820 million). Last week, the lower house of Congress voted to wind up the trusts, whose funds are due to be absorbed by the government. Mexico's Supreme Court said this month the elimination of the trusts will affect workers in the judiciary, pointing to their pensions and other social security benefits. "How does the judiciary benefit the Mexican people, or the majority of Mexicans? Critics of Lopez Obrador see the judiciary as a bulwark against his efforts to concentrate power.

Persons: Henry Romero, Andres Manuel Lopez Obrador, Lopez Obrador's, Lopez Obrador, hock, it's, Dave Graham, Natalia Siniawski, Michael Perry Organizations: Supreme, REUTERS, MEXICO CITY, Regeneration, Thomson Locations: Mexico City, Mexico, MEXICO

☆ Mexico President's Former Finance Minister Backs Opposition Rival
▼ + stars: | 2023-10-24 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador's former finance minister is backing the main opposition alliance in next year's presidential election, the opposition's candidate said on Tuesday. "Welcome to this team," Galvez wrote on X, sharing a picture of herself and Urzua, who was finance minister from 2018 to 2019 at the start of Lopez Obrador's presidency. A respected economist, Urzua from 2000 to 2003 was Lopez Obrador's top finance official when he was Mexico City mayor. However, he remains a popular president, and MORENA's candidate to succeed him, former Mexico City Mayor Claudia Sheinbaum, has a commanding lead over Galvez in opinion polls. Galvez heads the main opposition alliance comprising three parties ranging from the center-right to the center-left.

Persons: Andres Manuel Lopez Obrador's, Xochitl Galvez, Carlos Urzua, Lopez, Galvez, Urzua, Lopez Obrador's, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Stefanie Eschenbacher, Dave Graham, Cynthia Osterman Organizations: MEXICO CITY, Regeneration, Lopez Obrador's, Mexico City, Mexico City Mayor, ' Movement Locations: MEXICO, Mexico

☆ Mexico's lower house OKs major tax cut for indebted state-run Pemex
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. Pemex's profit sharing rate (DUC), which is effectively a tax paid to the government, has been gradually lowered during President Andres Manuel Lopez Obrador's administration from a high of 65%. The bill's original draft, sent by the finance ministry, pitched a reduction to 35%, though ruling lawmakers voted for a larger cut. Pemex is the most heavily indebted oil company in the world, facing some $110.5 billion in debt and hefty amortizations in 2024. Lopez Obrador said last week that he wanted to further reduce Pemex's tax burden.

Persons: Raquel Cunha, Andres Manuel Lopez Obrador's, Lopez Obrador, Ana Isabel Martinez, Kylie Madry, Jonathan Oatis Organizations: REUTERS, MEXICO CITY, Thomson Locations: Mexico City, Mexico, MEXICO

☆ Mexico President Taps New Energy Chief as His Term Enters Final Year
▼ + stars: | 2023-10-16 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador announced he has picked Miguel Angel Maciel to be his next energy minister, less than a year before the end of his six-year government, he wrote in a Monday post on social media. Maciel will replace Rocio Nahle, who served as energy chief and chair of the board of state-owned oil company Pemex since the beginning of Lopez Obrador's term in late 2018. Maciel has previously served as deputy energy minister, and Lopez Obrador stressed in his post on X that the petroleum engineer by training is trusted "due to his honesty and proven convictions in favor of national sovereignty." Nahle formally left her job as minister before the president's most important energy infrastructure project, the Olmeca oil refinery in his home state Tabasco, has come online. Lopez Obrador tasked Nahle with overseeing the project, which is running behind schedule and over budget.

Persons: Andres Manuel Lopez Obrador, Miguel Angel Maciel, Maciel, Rocio Nahle, Lopez, Nahle, Lopez Obrador, Noe Torres, Stefanie Eschenbacher, Valentine Hilaire Organizations: MEXICO CITY Locations: MEXICO, Veracruz, Tabasco, Dos Bocas, Houston, wean Mexico

☆ Mexico's Sheinbaum handily leads 2024 presidential race, poll shows
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Former Mexico City Mayor Claudia Sheinbaum gestures as she speaks on the day she is certified as presidential candidate for the ruling National Regeneration Movement (MORENA) party during a ceremony, in Mexico City, Mexico September 10, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Oct 4 (Reuters) - Mexico's Claudia Sheinbaum, the presidential candidate for the country's ruling leftist party and a close ally of the current president, is now expected to easily win the 2024 election, an opinion poll showed on Wednesday. Sheinbaum, candidate for the National Regeneration Movement (MORENA) founded by President Andres Manuel Lopez Obrador, nabbed 50% of support in a four-way race of top contenders, according to a survey by polling firm Buendia & Marquez and newspaper El Universal. Sheinbaum, 61, was until recently mayor of Mexico City. Reporting by Kylie Madry; Editing by Aurroa EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mexico City Mayor Claudia Sheinbaum, Henry Romero, Claudia Sheinbaum, Sheinbaum, Andres Manuel Lopez Obrador, Marquez, Lopez, Xochitl Galvez, Mexico's, Samuel Garcia, Eduardo Verastegui, Kylie Madry, Aurroa Ellis Organizations: Mexico City Mayor, Regeneration, REUTERS, MEXICO CITY, National Regeneration, El Universal, Nuevo Leon, Thomson Locations: Mexico City, Mexico, MEXICO, MORENA

A sign is pictured in front of the Vitol Group trading commodities building in Geneva October 4, 2011. The two Pemex documents are also not public. As part of the settlement, Vitol also dropped a lawsuit against PMI Comercio Internacional, Pemex's international trading arm, for $1.21 million for alleged damages to a refinery in Cressier, Switzerland. Meanwhile, legal proceedings tied to the graft scandal continue in Mexico but also the U.S., where a former employee is on trial, and Ecuador. The graft scandal Vitol acknowledged dates back to Lopez Obrador's predecessors.

Persons: Denis Balibouse, Pemex, Andres Manuel Lopez Obrador, Vitol, Lopez, Adriana Barrera, Stefanie Eschenbacher, Ana Isabel Martinez, Stephen Eisenhammer, Marguerita Choy Organizations: Vitol, REUTERS, MEXICO CITY, Reuters, U.S . Department of Justice, PMI Comercio Internacional, Mexican, Thomson Locations: Geneva, MEXICO, Swiss, Brazil, Ecuador, Vitol, Mexican, U.S, Cressier, Switzerland, Veracruz, Mexico

☆ Mexico eyes US energy exports from solar farm, chip supply chain role
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Mexico’s state of Sonora Governor Alfonso Durazo speaks during an interview with Reuters in Taipei, Taiwan September 25, 2023. During a visit to Taiwan, Sonora Governor Alfonso Durazo said the "Plan Sonora" solar energy project would not only help improve domestic connectivity to the national grid, but also to export to the United States. "We want to convert our state into an exporter of clean energy, particularly for semiconductor and electric vehicle industries." "Assuming as a natural complement of all these processes of relocation of investment in Arizona, we also see TSMC as an obvious option for Sonora state," he said. Sonora also boasts major lithium deposits, which Lopez Obrador formally nationalised in Mexico earlier this year.

Persons: Alfonso Durazo, Carlos Garcia Rawlins, Andres Manuel Lopez Obrador's, Durazo, Foxconn, Lopez, Ben Blanchard, Carlos Garcia, Jamie Freed Organizations: Reuters, REUTERS, Rights, Puerto, Apple, Hsinchu Science Park, EV, Thomson Locations: Sonora, Taipei, Taiwan, Rights TAIPEI, California, Arizona, Mexican, United States, Mexico, Foxconn, Hsinchu

☆ Mexican president to skip U.S.-hosted summit, floats Washington meeting with Biden
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. "I'm not going to attend the San Francisco one because we don't have relations with Peru," Lopez Obrador said, speaking at a regular government press conference. Just last month Lopez Obrador said he intended to be at the APEC event and would hold talks with Biden there. The U.S. will be the chair of the summit in San Francisco. Lopez Obrador said he would discuss migration, drug trafficking, violence and trade with Biden.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Joe Biden, Lopez Obrador, I'm, Biden, Lopez Obrador's, Pedro Castillo, Jake Sullivan, Lopez, Andrea Shalal, Dave Graham Organizations: La, REUTERS, U.S, Economic Cooperation, APEC, Peruvian, Canada, White House, Mexico City, Thomson Locations: Santiago , Chile, MEXICO, San Francisco, Washington, Asia, Peru, Francisco, U.S, San Francisco . Mexico, United States, Lima, Americas, Los Angeles, Cuba, Venezuela, Nicaragua, White, Mexico, Gulf of Mexico

MEXICO CITY (AP) — Mexico’s president on Monday defended the participation of a contingent of Russian soldiers in a military parade over the weekend. The presence of the Russian contingent in the Independence parade Saturday drew criticism because of Russia’s invasion of Ukraine. President Andrés Manuel López Obrador noted that a contingent from China also participated, and said that all the countries Mexico has diplomatic relations with were invited. López Obrador acknowledged the issue became “a scandal,” but attributed it to his ongoing spat with the news media, which he believes is against him. “The Chinese were also in the parade, and there wasn't so much outcry,” López Obrador said, noting a Russian contingent had participated in the past, although at times when that country was not actively invading its neighbor.

Persons: —, Andrés Manuel López Obrador, López Obrador, ” López Obrador, ”, Oksana Dramaretska, López Obrador's, López Organizations: MEXICO CITY, Monday, Ukraine's, Sputnik Locations: MEXICO, Ukraine, Mexico, Russia, China, Mexico City, Russian, López Obrador's Morena, United States

☆ Mexico's Election Year Deficit Plan Fuels Fear Over Finances
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dave Graham and Diego OréMEXICO CITY (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Dave Graham, Diego, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Diego Ore, Noe Torres, Jamie Freed Organizations: MEXICO CITY, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of Locations: MEXICO, Mexico, Bank of Mexico, Mexico City

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