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☆ Mexico succession puts scientist on path to be first woman president
▼ + stars: | 2022-11-03 | by ( Dave Graham | ) www.reuters.com time to read: +10 min

[1/6] Mexico City Mayor Claudia Sheinbaum greets supporters after attending a supervision of the Canal Nacional rehabilitation project, in the Iztapalapa neighborhood in Mexico City, Mexico July 21, 2022. Still, they are quick to forecast both would be more encouraging to investors than Lopez Obrador. President Lopez Obrador's popularity stems from his personal, austere, simple way of governing," Sheinbaum said. Many of Lopez Obrador's biggest public works look increasingly like they will not be completed on his watch. In May 2021, a Mexico City metro overpass collapsed, killing or injuring dozens of people.

☆ Mexico's missing students' investigation in 'crisis,' group warns
▼ + stars: | 2022-11-01 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

A government Truth Commission report in August muddied the waters by presenting questionable screen captures of message exchanges as evidence, according to the Interdisciplinary Group of Independent Experts. On Sept. 26, 2014, local police took the students off buses they had commandeered in Iguala, Guerrero. The students’ bodies have never been found, though fragments of burned bone have been matched to three of the students. The experts group said that a forensic analysis of screen captures of messages allegedly sent between people participating in the abduction and disappearance of the students could not be confirmed as authentic and displayed a number of inconsistencies. They also stressed the importance of maintaining the independence of the special prosecutor.

☆ Mexican president urges Twitter to repair 'damage' done to Trump
▼ + stars: | 2022-10-31 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador speaks during a news conference, at the National Palace in Mexico City, Mexico September 30, 2022. REUTERS/Henry RomeroMEXICO CITY (Reuters) - Twitter should undo the “damage” done to former U.S. President Donald Trump by the cancellation of his account, Mexico’s president said on Monday, as he expressed hope that new owner Elon Musk would curb censorship on the social media platform. The remarks by President Andres Manuel Lopez Obrador came just days before U.S. midterm elections in which the Republican Party is forecast to make congressional gains against President Joe Biden’s Democrats. Trump said he was “very happy Twitter is now in sane hands,” but has yet to reveal whether he could return to the site. Trump was banned from Twitter over accusations of inciting violence during the 2021 attack on the U.S. Capitol.

Its year-earlier net loss totaled 77.2 billion pesos. President Andres Manuel Lopez Obrador has pumped in billions of dollars to support the company to fulfill his pledge of growing domestic production of motor fuels by refining more of Pemex's crude oil production at home during his term. On a call with analysts shortly after the results, Pemex's Chief Financial Officer Carlos Cortes hailed progress on growing domestic refining and fuel sales. "Pemex has been replenishing its participation in the national fuel market," he said, noting that during the third quarter domestic fuel sales grew by nearly 70% year on year. Pemex's domestic oil refining in the third quarter rose more than 16% to hit 807,000 bpd.

☆ Mexico’s Senate Votes to End Daylight-Saving Time
▼ + stars: | 2022-10-27 | by ( Nicholas Hatcher | ) www.wsj.com time to read: 1 min

Mexico’s Senate has voted to end daylight-saving time in most parts of the country. Mexico’s Senate approved a bill on Wednesday to end daylight-saving time for most of the country, putting an end to the twice-yearly tradition of changing the clocks. The Senate sent the bill to President Andrés Manuel López Obrador to be signed into law.

The bid amounts for the unit, known too as Banamex, were not disclosed by the sources. The sources also cautioned that no deal was guaranteed with any party and Citigroup could ultimately decide to sell Banamex shares on the Mexican Stock Exchange instead. Inbursa and Grupo Mexico declined to comment. Backed by Slim, Mexico's richest person, Inbursa was flagged as a strong contender when Citigroup put Banamex up for sale in January. However, mining tycoon Larrea has the firepower to compete as a candidate to buy Banamex, the sources said.

"There are many alternatives to importing non-GMO yellow corn from the United States," Suarez said in an interview on Wednesday. It was the strongest indication yet from Mexico's Agriculture Ministry that the ban will hit yellow corn destined for livestock feed. The 2020 decree by Mexico President Andres Manuel Lopez Obrador aims to phase out GM corn and the herbicide glyphosate by 2024. Yellow corn imports had become more expensive than domestic production, another incentive for farmers to make the switch, Suarez said. The government was working to make agreements with local corn growers to specifically increase yellow corn production to 6 million tonnes, he added.

☆ One factory worker takes on Mexico's powerful unions
▼ + stars: | 2022-10-27 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +9 min

CTM representatives say their unions defend worker rights, offer perks such as scholarships and sports programs and abide by Mexico's new labor rules. Along with La Liga, other new unions have also won victories over powerful rivals in the past year at GM, Japan's Panasonic (6752.T) and French glassmaker Saint-Gobain (SGOB.PA), pledging better pay. Even among the new crop, La Liga stands out for its broader vision: targeting companies no matter the sector, no matter the location. Leaving her three kids at home, she is traveling factory to factory seeking support. What's more, to drum up support, La Liga must fight a deeply embedded culture of fear and apathy around speaking out.

MEXICO CITY, Oct 26 (Reuters) - Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to "excessively" restrictive levels as the economy remains weak, saying the bank's current rate-hiking cycle could end with rates between 10%-10.25%. But he stressed that it was "important to start thinking about" what that level would be using the so-called ex ante real rate, defined as the difference between the nominal interest rate and expected inflation. His comments come after the minutes of Banxico's last monetary policy decision highlighted that further rate hikes were on the table. The minutes said the board would "assess the magnitude of the upward adjustments in the reference rate" in coming decisions. "We're already at a restrictive level that the Fed is clearly not at," he said.

☆ Mexico's López Obrador wants foreign airlines to operate domestic flights
▼ + stars: | 2022-10-25 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

MEXICO CITY — Mexican President Andrés Manuel López Obrador said Tuesday he wants to allow foreign airlines to operate domestic service between Mexican cities, to drive down prices. For example, a U.S. airline can currently fly from New York to Cancún, but not Cancún to Mexico City. Known as “cabotage,” the president wants to allow the practice to lower ticket prices. That’s democracy.”“Let foreign airlines come in, from Europe and the United States, so that they can operate flights inside the country,” he said. But the president allows wants to lower domestic airfares, and bring service to smaller cities that lack flights.

☆ Mexican headline inflation slows in early October, core index still a concern
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +3 min

An employee prepares dough to make tortillas at a tortilla stall in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. Headline annual inflation in Latin America's second-largest economy inched down to 8.53% from 8.64% in the second half of September, also undershooting the consensus forecast of a Reuters poll for a rate of 8.63%. Compared with the previous two-week period, Mexican consumer prices rose by 0.44% in early October, the data showed. The core price index, which strips out some volatile food and energy prices, climbed 0.42% in early October, slightly above market expectations for 0.35%. Annual core inflation was 8.39%, above forecasts for 8.31%.

☆ Mexico to discuss lithium, auto industry with U.S. climate envoy Kerry
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

U.S. Special Presidential Envoy for Climate John Kerry attends a meeting ahead of COP27 climate summit in Kinshasa, Democratic Republic of Congo October 3, 2022. REUTERS/Justin MakangaraMEXICO CITY, Oct 24 (Reuters) - Mexico will speak with U.S. climate envoy John Kerry about lithium, batteries and the automotive industry when Kerry visits the northwestern state of Sonora on Friday, Mexican President Andres Manuel Lopez Obrador said Monday. Register now for FREE unlimited access to Reuters.com RegisterThe Sonora Plan also aims to develop the electric car industry in the agricultural state. While Mexico nationalized lithium reserves earlier this year, experts say it could take years for the newly created state firm to start production. Lithium batteries are not currently produced by any Latin American country at a commercial scale.

☆ Mexico will propose expanding U.S. humanitarian access for Venezuelans
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Oct 21 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Friday he will propose to the United States expanding a program announced last week to grant up to 24,000 Venezuelans humanitarian access to the United States by air. "We are going to be asking that they give out more," he told a regular news conference. Register now for FREE unlimited access to Reuters.com RegisterReporting by Valentine Hilaire; Editing by Daina Beth SolomonOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president hints at Venezuela-U.S. accord amid migration rise
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +4 min

Mexico's President Andres Manuel Lopez Obrador speaks during a news conference, at the National Palace in Mexico City, Mexico September 30, 2022. "Relations between the government of the United States and Venezuela need to be restored," Lopez Obrador told a news conference. Since the policy was enacted, several thousand Venezuelans who entered the United States illegally have been returned to Mexico. Lopez Obrador urged the United States to expand the Venezuela humanitarian access permits beyond 24,000 people. "They're not enough," Lopez Obrador said.

☆ Walmart's net profit rises 10% in Mexico, even as expenses climb
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 20 (Reuters) - Walmart's Mexico unit on Thursday posted a 10% jump in third-quarter net profit, tracking analyst estimates, while expenses grew faster than revenue due to higher e-commerce and labor costs, the company said. Walmart de Mexico (WALMEX.MX), the biggest retailer in Mexico, posted a net profit of 12.15 billion pesos ($603.8 million), or 0.70 pesos a share, compared with the Refinitiv estimate of 0.69 pesos. The company known as Walmex said e-commerce makes up 4.8% of total Mexico sales, up from 4.5% a year ago. "The current environment requires a lot more focus and attention than the day-to-day business typically does," said Chief Executive Guilherme Loureiro in the results webcast. Annual inflation hit 8.76% in the first half of September.

MEXICO CITY, Oct 20 (Reuters) - Mexico's finance ministry has been tasked with refinancing the country's debt, especially bonds maturing in 2025, in order to help ease the financial burden on the next administration when it takes office, a senior official said. President Andres Manuel Lopez Obrador had asked the ministry to refinance as much debt as possible, as well as to lower costs and extend maturities, Yorio said. Mexico City Mayor Claudia Sheinbaum and Foreign Minister Marcelo Ebrard are among those jostling for the MORENA candidacy. The government would look for new opportunities to refinance or buy back external and domestic debt, he added. Yorio's team is also working to develop a local debt market built on sustainable bonds.

☆ Ralph Lauren accused of plagiarizing indigenous Mexican designs
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, 20 Oct (Reuters) - The wife of Mexico's president on Thursday accused luxury American clothes brand Ralph Lauren (RL.N) of plagiarizing indigenous designs, which she described as an appropriation of the work of the country's pre-Hispanic cultures. "Hey Ralph (Lauren): we already realized that you really like Mexican designs," writer and researcher Beatriz Gutierrez said in an Instagram post. "However, by copying these designs you are committing plagiarism, which is illegal and immoral." The post shows a photo of a coat with colorful indigenous motifs hanging in a store. "Hopefully you repair the damage to the original communities that do this work with love and not for profit," Gutierrez added, attributing the designs to the indigenous communities of Contla and Saltillo.

☆ Biden, Mexican president discuss migration, fentanyl trafficking -White House
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: 1 min

Mexico president says he spoke with Walmart exec about lowering inflation on food products, article with imageAmericas · October 18, 2022Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with Judith McKenna, the head of Walmart Inc's international division, about "doing everything possible" to lower inflation on food products.

☆ U.S. sanctions logistics allies of Mexico's Sinaloa Cartel
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 19 (Reuters) - The U.S. Treasury Department on Wednesday sanctioned individuals linked to Mexico's powerful Sinaloa drug cartel, days after bilateral security talks aimed at cracking down on trafficking of fentanyl and other contraband. Register now for FREE unlimited access to Reuters.com RegisterIt said all individuals named were currently fugitives from U.S. federal drug trafficking indictments. "Starving this network of resources will help deprive the Sinaloa Cartel of critical support it needs." Two Valenzuela siblings were detained in recent years, leaving Juan Francisco as the last sibling involved in the Valenzuela Mexican trafficking operations, the Treasury noted. All Valenzuela's property and assets in the United States have now been frozen.

☆ Mexico president says he spoke with Walmart exec about lowering inflation on food products
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 18 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with Walmart International President and CEO Judith McKenna about "doing everything possible" to lower inflation on food products. It comes weeks after Mexican officials announced a deal with more than a dozen food makers and retailers, including Walmart, to halt rising food prices, with annual inflation in Latin America's second-largest economy hitting 8.76% in the first half of September. Data from the country's statistics agency showed food, beverage and tobacco prices rose 13.27% year-on-year. The company represents 25% of Mexico's retail sales, Lopez Obrador wrote on Twitter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Anthony Esposito; Writing by Valentine Hilaire; Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican opposition lawmaker says he was target of Pegasus spyware
▼ + stars: | 2022-10-18 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

Federal lawmaker Basave from the center-left Citizens' Movement in the wealthy northern city of Monterrey said an analysis from leading cyber watchdog Citizen Lab found Pegasus on his phone in September 2021. Pegasus belongs to Israeli spyware firm NSO Group, which typically only sells the software to governments or law enforcement. When asked about Basave's case, NSO Group said Citizen Lab investigations are not able to differentiate between NSO tools and other cyber intelligence software. Citizen Lab said it rejects that assertion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daina Beth Solomon; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico president backs defense ministry's refusal to account for massive data leak
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 18 (Reuters) - Mexican President Andres Manuel Lopez Obrador has shaken off criticism against the country's defense ministry for refusing to appear before legislators to explain a major cyber hack, resulting in a massive data breach. Lopez Obrador asked the opposition to calm down and have some tea, during a regular news conference on Tuesday, describing the criticism as politically motivated. Lawmakers summoned Sandoval to explain what measures the armed forces were taking after a massive hack leaked classified information in September. Since taking office in 2018, Lopez Obrador has strengthened the armed forces' role in public security functions, such as infrastructure projects and customs activities. Mexico's Congress last week approved extending the role of the armed forces in public security tasks until 2028.

☆ Mexico president says discussed migration, security and development with Biden
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Oct 18 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday he discussed migration, security and cooperation on development with his U.S. counterpart Joe Biden during an afternoon call. Biden also confirmed he would travel to Mexico for the North American Leaders' Summit, set to take place in December, Lopez Obrador said on Twitter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kylie MadryOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico president says to speak with Biden later Tuesday
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Oct 18 (Reuters) - Mexican President Andres Manuel Lopez Obrador will speak with his U.S. counterpart Joe Biden later in the day, he said on Tuesday during a regular news conference. Lopez Obrador said he was not sure what the call would be about but it might concern the meeting between both leaders and Canada's prime minister scheduled for December. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mexico City Newsroom; editing by Stephen EisenhammerOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico probes whether Pegasus spyware purchases were legal
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 16 (Reuters) - The Mexican attorney general's office said on Sunday it is investigating the purchase of Pegasus computer spyware by the previous administration and whether it was carried out legally. In a statement, the office referred to existing probes of two people, including a prominent ex-official, into the use of Pegasus spyware, days after the current government denied it had spied on journalists or critics. read morePegasus belongs to Israeli spyware firm NSO Group, which typically only sells the software to governments or law enforcement organizations. Register now for FREE unlimited access to Reuters.com RegisterIn the statement, Mexican prosecutors said they were looking at the acquisition of Pegasus by the prior attorney general's office for 457 million pesos ($23 million). NSO noted it does not operate Pegasus, has no visibility on its usage, and does not collect information about customers.

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