DIRS.INFO The most relevant business & tech news

☆ 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

☆ Three generations of Mexican family go missing in Acapulco hurricane
▼ + stars: | 2023-11-01 | by ( Josue Decavele | ) www.reuters.com time to read: +3 min

[1/5] Damaged boats are seen at the Yates Club, in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 30, 2023. Her elder brother, a boat captain, was on a separate vessel of which there has been no sign since the hurricane, she said. The missing relatives went to the boats because they had orders from their bosses to look after them, Saravia said. Still, the number of people reported missing has been steadily ticking up, and authorities have so far given few details about the dead and injured in Acapulco. On Wednesday, the Guerrero state government said 58 people were unaccounted for since the hurricane roared in.

Persons: Hurricane Otis, Quetzalli, Maria del Rosario Saravia, Otis, Maria Hilaria Delgado, Luis Alberto Lopez, Luis Sebastian Herrera, Alejandro Marcelino Herrera, Saravia, Andres Manuel Lopez Obrador, Josue, Dave Graham, Aurora Ellis Organizations: Yates, REUTERS, Rights, Authorities, Wednesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, Saravia, Guerrero

[1/4] People leave with goods from a supermarket that had been broken into in the aftermath of Hurricane Otis, in the outskirts of Acapulco, Mexico, October 26, 2023. Hurricane Otis last week hit Acapulco with winds of 165 miles per hour (266 km per hour), flooding the city, flipping roofs from homes and businesses, submerging vehicles, and severing communications as well as road and air connections. Mexico has sent thousands of armed forces members to keep order and help distribute tons of food and supplies. Acapulco residents are still searching for missing loved ones since the Category 5 hurricane hit with unexpected ferocity, far exceeding meteorologists' initial forecasts. State power utility CFE said on Tuesday morning one in four users in Guerrero hit by Otis was still without power.

Persons: Hurricane Otis, Alexandre Meneghini, Jose Luis Martinez, Andres Manuel Lopez Obrador, Abraham Moises Cano, Cano, Lopez Obrador, Guerrero, Otis, Jose Cortes, Josue, Casssandra Garrison Stefanie Eschenbacher, Dave Graham, Alistair Bell, Jonathan Oatis, Grant McCool Organizations: REUTERS, Rights, National Guard, Senate, Tuesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, del Sol, overpaid, Guerrero, Mexico City

☆ Mexico's Sheinbaum Holds 18 Point Lead in Presidency Race -Poll
▼ + stars: | 2023-10-31 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

MEXICO CITY (Reuters) - Former Mexico City Mayor and ruling party candidate Claudia Sheinbaum holds an 18 percentage point lead over her nearest rival in the race to win Mexico's next presidential election on June 2, an opinion poll showed on Tuesday. Sheinbaum has the firm backing of popular President Andres Manuel Lopez Obrador, who cannot seek reelection. A third presidential hopeful, Nuevo Leon state Governor Samuel Garcia of the center-left Citizens' Movement (MC) party, was polling 8 percent support. Respondents in the newspaper's poll suggested that those characteristics did not play in either candidate's favor. El Financiero said its poll had an overall margin of error of plus or minus 2.4 percentage points.

Persons: Claudia Sheinbaum, Mexico's, El Financiero, Sheinbaum, Xochitl Galvez, Andres Manuel Lopez Obrador, Galvez, Samuel Garcia, Lopez Obrador, Sheinbaum's, Dave Graham, Jonathan Oatis Organizations: MEXICO CITY, Mexico City Mayor, Regeneration, Nuevo, ' Movement Locations: MEXICO, Nuevo Leon, Mexico, Europe

☆ Mexico's Sheinbaum holds 18 point lead in presidency race -poll
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 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 31 (Reuters) - Former Mexico City Mayor and ruling party candidate Claudia Sheinbaum holds an 18 percentage point lead over her nearest rival in the race to win Mexico's next presidential election on June 2, an opinion poll showed on Tuesday. Sheinbaum has the firm backing of popular President Andres Manuel Lopez Obrador, who cannot seek reelection. A third presidential hopeful, Nuevo Leon state Governor Samuel Garcia of the center-left Citizens' Movement (MC) party, was polling 8 percent support. El Financiero said its poll had an overall margin of error of plus or minus 2.4 percentage points.

Persons: Mexico City Mayor Claudia Sheinbaum, Henry Romero, Claudia Sheinbaum, Mexico's, El Financiero, Sheinbaum, Xochitl Galvez, Andres Manuel Lopez Obrador, Galvez, Samuel Garcia, Lopez Obrador, Sheinbaum's, Dave Graham, Jonathan Oatis Organizations: Mexico City Mayor, Regeneration, REUTERS, MEXICO CITY, Nuevo, ' Movement, Thomson Locations: Mexico City, Mexico, MEXICO, Nuevo Leon, Europe

[1/4] People leave with goods from a supermarket that had been broken into in the aftermath of Hurricane Otis, in the outskirts of Acapulco, Mexico, October 26, 2023. Mexico has sent some 17,000 members of the armed forces to keep order and help distribute tons of food and supplies in Acapulco. "The 15 billion (pesos) should go the victims in Acapulco," Lopez Obrador told reporters during a regular press conference, referring to the funds held in the trusts. Mexico has scrambled to send supplies and keep order in Acapulco, where residents are still searching for missing loved ones since the Category 5 hurricane barreled ashore. Lopez Obrador, who has vigorously rebuffed criticism of the government's response to the hurricane, had said he expected electricity to be fully restored in Acapulco by Tuesday.

Persons: Hurricane Otis, Alexandre Meneghini, Andres Manuel Lopez Obrador, Lopez Obrador, Guerrero, Otis, Jose Cortes, Josue, Stefanie Eschenbacher, Dave Graham, Alistair Bell, Jonathan Oatis Organizations: REUTERS, Rights, Senate, Tuesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, Guerrero

The Category 5 hurricane damaged nearly all of Acapulco's homes, left bodies bobbing along the coastline and much of the city foraging for food. She and hundreds of thousands others lived two hours of terror last week, and now face years of work to repair their already precarious lives. Living in a two-room concrete house with no potable water and unpaved roads, that glamor never reached their doorstep. —Otis intensified within hours from a tropical storm into the strongest hurricane to hit the Eastern Pacific coast, taking many by surprise. García Ramirez and other fishermen pulled the boats onto the city’s Manzanilla Beach when Otis was still a Category 2 storm.

Persons: — Estela Sandoval Díaz, Hurricane Otis, Sandoval, l, ” Sandoval, “ They’ve, They’ve, Otis, Andrés Manuel López Obrador, ”, they'd, — Sandoval, glamor, Viverista, “, I’ve, López Obrador, — Otis, Jim Kossin, Eleazar García Ramirez, there’s, García Ramirez, They’re, Seth Borenstein, Félix Márquez Organizations: Associated Press, Military, AP, Avid, Residents, Authorities Locations: ACAPULCO, Mexico, Acapulco, chicest, Washington

Looting broke out as the city's population of nearly 900,000 became increasingly desperate for food and water. Evelyn Salgado, governor of Acapulco's home state of Guerrero, said 45 people were confirmed dead and 47 others were missing, citing figures from state prosecutors. On Sunday afternoon, Mexico's federal civil protection authorities said there were 48 dead, consisting of 43 in Acapulco and five in nearby Coyuca de Benitez. [1/5]People walk next to rubble and damaged trees in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 29, 2023. His fiery political broadsides triggered criticism that Lopez Obrador was downplaying the gravity of the disaster.

Persons: Hurricane Otis, Guerrero, Otis, Evelyn Salgado, Salgado, Coyuca de Benitez, Andres Manuel Lopez Obrador, Quetzalli, Emilia Rojas, Perla Rubi, We've, Mexico's, Lopez Obrador, Jose Decavele, Daina Beth Solomon, Dave Graham, Jonathan Oatis Organizations: Sunday, Briton, REUTERS, Thomson Locations: ACAPULCO, Mexico, Hurricane, Mexican, Acapulco, Guerrero, Coyuca, American, La Frontera

MEXICO CITY (AP) — Officials in Mexico said Monday that three foreign residents were among at least 45 people killed when Hurricane Otis hit the resort city of Acapulco last week. Meanwhile, the Navy said the search effort will now focus on finding possible bodies among the 29 boats known to have sunk in Acapulco Bay the night the hurricane hit. The government reported Sunday that at least 48 people died when Category 5 Hurricane Otis slammed into Mexico’s southern Pacific coast, most of them in Acapulco. In Acapulco, families held funerals for the dead on Sunday and continued the search for essentials while government workers and volunteers cleared streets clogged with muck and debris left by the hurricane. “There are many, many people here at the (morgue) that are entire families; families of six, families of four, even eight people,” she said.

Persons: Hurricane Otis, Adm, José Rafael Ojeda, ” Ojeda, Otis, Coyuca de Benitez, Guerrero state’s, Evelyn Salgado, Andrés Manuel López Obrador, Katy Barrera, Barrera’s, ” Barrera, Barrera —, —, ”, “, Kristian Vera Organizations: MEXICO CITY, —, Navy, Hurricane, Gov Locations: MEXICO, Mexico, Acapulco, England, Acapulco Bay, Pacific, Coyuca, hearses

☆ Mexico throws troops, aid into Acapulco as hurricane death toll rises
▼ + stars: | 2023-10-29 | by ( Josue Decavele | ) www.reuters.com time to read: +4 min

ACAPULCO, Mexico, Oct 29 (Reuters) - Mexico's government on Sunday intensified efforts to get the stricken coastal city of Acapulco back on its feet as the toll of dead and missing from a record-breaking hurricane that ravaged the iconic beach resort continued to rise. POLITICAL FALLOUT[1/7]Damaged boats are seen at the Caleta beach in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 29, 2023. Former President Felipe Calderon, a longstanding adversary of Lopez Obrador, accused his administration of trying to exploit the situation by "rebranding" boxes of private aid contributions to Acapulco as "government" donations. Lopez Obrador said he expected electricity to be fully restored in the city by Tuesday. Reporting by Josue Decavele, Jose Cortes and Alexandre Meneghini in Acapulco; Daina Beth Solomon in Mexico City; Editing by Dave Graham, Marguerita Choy and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Hurricane Otis, Otis, Andres Manuel Lopez Obrador, Lopez Obrador, Blanca Estela Morales, Quetzalli, Lopez, Felipe Calderon, Jesus Ramirez, Calderon, Guerrero, Evelyn Salgado, Luis Cresencio Sandoval, Sandoval, Josue Decavele, Jose Cortes, Alexandre Meneghini, Beth Solomon, Dave Graham, Marguerita Choy, Lisa Shumaker Organizations: REUTERS, . Defense, National Guard, Thomson Locations: ACAPULCO, Mexico, Acapulco, Hurricane, Mexican, Mexico's, Guerrero, Mexico City

☆ Mexico's Pemex gets billions more in government support
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +3 min

The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. In October, Pemex received 55.9 billion pesos ($3.2 billion) from the government to strengthen its financial position, accounts show. Separately, Pemex received 71.7 billion pesos over the quarter for debt amortizations. Instead of focusing so much on Pemex, Mexico could have made more of private-sector investment, boosting renewable electricity output and reducing fossil fuel reliance, he said. Pemex also reported a third-quarter net loss of 79.13 billion pesos, revenues of 462 billion pesos and a financial debt of $105.8 billion.

Persons: Raquel Cunha, Pemex, Octavio Romero, Andres Manuel Lopez Obrador, Carlos Urzua, Lopez Obrador, Valentine Hilaire, Ana Isabel Martinez, Adriana Barrera, David Alire Garcia, Stefanie Eschenbacher, Anthony Esposito, David Holmes, Jonathan Oatis Organizations: REUTERS, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Dos Bocas, Pemex

☆ After hurricane, Mexican president urges insurers to hurry payouts
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Hospital worker Jesus Rojas fixes his damaged house in the aftermath of Hurricane Otis in Acapulco, Mexico, October 27, 2023. REUTERS/Alexandre Meneghini/File Photo Acquire Licensing RightsMEXICO CITY, Oct 27 (Reuters) - Mexican President Andres Manuel Lopez Obrador on Friday urged insurance companies to speed up payouts after powerful Hurricane Otis wreaked havoc on Acapulco's beach resorts and surrounding impoverished communities. The storm intensified with unexpected speed just prior to making landfall on Wednesday, becoming the most powerful storm to ever strike Mexico's Pacific coast. In Acapulco, Otis claimed at least 27 lives according to the local governor's tally issued on Thursday, which has not been updated. The investment manager calculated "a high probability" Mexico will get half of the bond's $125-million payment earmarked towards Pacific hurricanes.

Persons: Jesus Rojas, Alexandre Meneghini, Andres Manuel Lopez Obrador, Otis, Lopez Obrador, CoreLogic, Bond, Stefanie Eschenbacher, David Alire Garcia, Rod Nickel Organizations: REUTERS, MEXICO CITY, Hurricane, Investments, Pacific, World Bank, Thomson Locations: Hurricane, Acapulco, Mexico, MEXICO

ACAPULCO, Mexico, Oct 27 (Reuters) - Looting ravaged the Mexican city of Acapulco after the iconic beach resort was hammered this week by Hurricane Otis, a record-breaking storm that killed at least 27 people and left thousands of residents struggling to get food and water. [1/5]People walk among rubble in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 27, 2023. 'WE WERE LUCKY'Mexican authorities said Otis was the most powerful storm ever to strike Mexico's Pacific coast. To evacuate tourists, an air bridge between Acapulco and Mexico City was being set up on Friday after authorities got the city's battered airport back up and running. Lopez Obrador urged insurance companies to speed up payouts.

Persons: Hurricane Otis, Otis, everything's, Rodolfo Villagomez, Andres Manuel Lopez Obrador, Lopez Obrador, Raul Busto Ramirez, Letitia Murphy, Neil Marshall, Murphy, Quetzalli, we're, Enki, Lopez, Pope Francis, Joe Biden, America Movil, Alexandre Meneghini, Jose Cortes, Diego Ore, Kylie Madry, Laura Gottesdiener, Natalia Siniawski, Dave Graham, Chizu Nomiyama, Bill Berkrot, Sandra Maler, Raju Gopalakrishnan Organizations: Reuters, REUTERS, Central America, LUCKY, Otis, America, Thomson Locations: ACAPULCO, Mexico, Acapulco, Guerrero, Acapulco's, Hurricane, British, State, Mexican, Mexico City, Monterrey, Gdansk

☆ Mexico Begins Rescue Work After Hurricane Otis Devastates Acapulco
▼ + stars: | 2023-10-26 | by ( Anthony Harrup | Santiago Pérez | ) www.wsj.com time to read: 1 min

MEXICO CITY—Hurricane Otis, the most powerful hurricane to hit Mexico’s Pacific coast, left at least 27 people dead and four missing in the popular beach resort of Acapulco amid widespread flooding and devastation, officials said Thursday. Mexican President Andrés Manuel López Obrador said his government deployed hundreds of soldiers, medical teams and rescue teams as authorities began to assess the extensive damage inflicted by Otis in the Pacific port. Three of those missing are navy members, he said.

Persons: Andrés Manuel López Obrador, Otis Organizations: MEXICO CITY, Hurricane Locations: MEXICO, Acapulco, Pacific

☆ Hurricane Otis’ impact around Acapulco, Mexico remains unclear amid widespread communications outages
▼ + stars: | 2023-10-26 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

The outages have significantly limited authorities’ ability to survey or share the magnitude of Otis’ impact. Otis rapidly intensified from a tropical storm to an extremely dangerous Category 5 hurricane – the area’s strongest storm on record – in just 12 hours. Residents survey damage in the aftermath of Hurricane Otis in Xaltianguis, Guerrero state, Mexico. The storm’s heavy rains are forecast to continue impacting the region through Thursday, possibly triggering flash flooding and mudslides, the National Hurricane Center said. Residents survey damage in the aftermath of Hurricane Otis in Xaltianguis, Guerrero state, Mexico.

Persons: Hurricane Otis ’, Otis, Andrés Manuel López Obrador, Laura Velázquez, Hurricane Otis, Alejandro Cegarra, El, CNN’s Karol Suarez, CNN’s Taylor Ward, Mary Gilbert, Ana Melgar, Claudia Rebaza, Rachel Ramirez Organizations: CNN, CFE, Service, ”, Bloomberg, Getty, National Hurricane Center, Mexican National Guard personnel, Infrastructure, Communications, Transportation, Otis, National Oceanic, Atmospheric Administration Locations: Hurricane, Acapulco, Mexico’s Guerrero, Xaltianguis, Guerrero, Mexico, Mexico City

☆ Hurricane Otis caused 27 confirmed deaths and left 4 missing, Mexican authorities report
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: +5 min

Rodrigo Oropeza | Afp | Getty ImagesMexican authorities on Thursday gave the first human toll for Hurricane Otis' destruction along the country's Pacific coast: at least 27 dead and four missing. President Andrés Manuel López Obrador said at his morning news briefing that the deaths occurred around Acapulco, but provided few details. "We regret the 27 dead," López Obrador said. "The people sheltered, protected themselves and that's why fortunately there weren't more tragedies, loss of human life," López Obrador said. López Obrador shared details of only one death: He said one soldier was among the dead after a wall of his home collapsed on him.

Persons: Andres Manuel Lopez Obrador, Hurricane Otis, Rodrigo Oropeza, Otis, Andrés Manuel López Obrador, López Obrador, Jakob Sauczuk, Sauczuk, Pablo Navarro, Navarro, Isabel de la Cruz Organizations: Afp, Getty Images, Hurricane, Getty, National Guard, Mexico City Locations: Acapulco, Guerrero State, Mexico, Hurricane, Chilpancingo

Before the storm made landfall, President Andrés Manuel López Obrador of Mexico had urged residents in Guerrero to brace for the storm. “Agree to move to shelters, stay in safe places: away from rivers, streams, ravines, and be alert,” he said on Tuesday. It also recommended that Acapulco residents take shelter, avoid crossing streams and flooded streets, and stay away from areas prone to landslides. The rainfall could cause flash and urban flooding, as well as mudslides in the mountainous areas, forecasters said. “There are no hurricanes on record even close to this intensity for this part of Mexico,” the hurricane center added.

Persons: Andrés Manuel López Obrador, ”, Otis, Hurricane Patricia Organizations: of, Protection Locations: Mexico, Guerrero, Acapulco, Tecpán, Oaxaca, Pacific Coast

☆ 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 braces for Category 5 hurricane, risk of 'catastrophic' damage
▼ + stars: | 2023-10-25 | by ( Javier Verdin | ) www.reuters.com time to read: +2 min

[1/4] Members of the federal forces chat as they keep watch at a beach as Hurricane Otis barrels towards Acapulco, Mexico, October 24, 2023. REUTERS/Javier Verdin Acquire Licensing RightsACAPULCO, Mexico, Oct 25 (Reuters) - Mexico's southern coast braced for Hurricane Otis on Wednesday as the Category 5 storm made landfall near the beach resorts of Acapulco, with the potential to cause "catastrophic damage," the U.S. National Hurricane Center (NHC) said. The hurricane reached land near Acapulco, bringing maximum sustained winds around 165 mph (270 kmh) and heavy rain, the center said. In Guerrero, authorities were preparing storm shelters and the national guard said it was helping to prepare for rescues and evacuations. Reporting by Javier Verdin in Acapulco and Brendan O'Boyle in Mexico City; writing by Brendan O'Boyle; editing by Robert Birsel and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Hurricane Otis, Javier Verdin, CONAGUA, Otis, Andres Manuel Lopez Obrador, Evelyn Salgado, Brendan O'Boyle, Robert Birsel, Bernadette Baum Organizations: REUTERS, Rights, U.S, National Hurricane Center, Guerrero, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, Guerrero, Oaxaca, Miami, Mexico City

☆ 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

An armed group ambushed and killed more than a dozen law enforcement officers in southwestern Mexico on Monday, including a local security secretary and a police chief, adding to a soaring number of deadly attacks against the police in the region. Guerrero is now the second most dangerous state in Mexico for law enforcement officers, with more than 34 killed so far in 2023, according to Common Cause, a Mexico-based organization tracking the killings of police officers in the country. The group said more than 340 police officers had been killed so far this year in the nation, and more than 400 killed last year. Mr. López Obrador has said much of the violence in the nation is because of the United States’ inability to prevent guns from being trafficked south into Mexico. Leaders from both countries discussed the roots of such violence during high-profile meetings in Mexico City this month.

Persons: Coyuca de Benítez, Alfredo Alonso López, Honorio Salinas, Guerrero, Andrés Manuel López Obrador, López Obrador Organizations: United Locations: Mexico, Coyuca de, Mexican, Guerrero, Honorio Salinas Garay, United States, Mexico City

My faith was huge,” said the 46-year-old woman, fearing her son would be forcibly recruited by a criminal organization. For many migrants like Hernández, their faith has been essential for coping with their challenging circumstances. Mexican President Andrés Manuel López Obrador said in early October that about 10,000 migrants per day were heading to the U.S. border. Agape welcomes migrants of any faith or ideology, but everyone is encouraged to attend services on Wednesdays, Fridays and Sundays. “Imagine the experience of faith,” Rivera said.

Persons: Erika Hernández, “, don’t, ” “, ”, Hernández, Andrés Manuel López Obrador, José Guadalupe Torres, Biden, Albert Rivera, Rivera, ‘, ’, Mariana Flores, ” Miguel Rayo, Rayo, Pat Murphy, Alma Ramírez, ” Ramírez, Virgin Mary, Guadalupe, Ramírez, Murphy, ” Rivera, they’ll Organizations: Familia, Movimiento Juventud, Central, Agape, Casa, Catholic, Missionaries, Casa del, “, Lilly Endowment Inc, AP Locations: TIJUANA, Mexico, Mexico City, United States, Tijuana, America, U.S, Guanajuato, Guerrero, Pacific Coast, Casa Migrante, Casa

☆ 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

☆ Powerful Mexican oil union boss who became symbol of corruption dies at 79
▼ + stars: | 2023-10-20 | by ( Dave Graham | ) www.reuters.com time to read: +4 min

Local media reported that Romero Deschamps died of a heart attack on Thursday. Days earlier, President Andres Manuel Lopez Obrador announced that Romero Deschamps was under criminal investigation for corruption, allegations which he denied and was never prosecuted for. Romero Deschamps was included in a list of the "10 Most Corrupt Mexicans" published by Forbes in 2013. He, however, rode out scandals even as other top Mexican union leaders fell foul of the law, including the former boss of the powerful teachers' union, Elba Esther Gordillo, who was arrested on fraud charges early in 2013. While a government audit later revealed anomalies covering 2.3 billion pesos ($188.97 million) in the so-called Pemexgate scandal, Romero Deschamps himself escaped unscathed.

Persons: Carlos Romero Deschamps, Petroleos, Edgard Garrido, Romero Deschamps, Pemex, Andres Manuel Lopez Obrador, Enrique Pena Nieto, Elba Esther Gordillo, Francisco Labastida, Paulina, Jose Carlos, Ferrari Enzo, Lopez Obrador, Dave Graham, Marguerita Choy Organizations: REUTERS, MEXICO CITY, Local, Institutional Revolutionary Party, Senate, Pemex, Forbes, Reforma, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Mexico's, Tampico, Tamaulipas, Hidalgo, Cancun, Europe, Miami

☆ Mexico logs sharp uptick in Venezuelan migrants amid latest surge
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jose... Acquire Licensing Rights Read moreMEXICO CITY, Oct 17 (Reuters) - More migrants crossed into Mexico last month, led by a sharp increase from Venezuela but also significant numbers from Guatemala and Honduras, Mexico's top diplomat told lawmakers on Tuesday. In testimony to Mexican senators, Foreign Minister Alicia Barcena said that in the month of September alone, 60,000 Venezuelan migrants, 35,000 Guatemalan migrants and 27,000 Honduran migrants arrived in Mexico. The September data comes ahead of Sunday's migration summit in the southern Mexican town of Palenque hosted by President Andres Manuel Lopez Obrador where regional leaders will discuss rising U.S.-bound migration in Latin America. After U.S. authorities authorized in May more legal pathways to enter the United States, the numbers of migrants crossing Mexican territory fell abruptly. Barcena also noted that some 1.13 million migrants have so far this year reached Mexico's southern border with Guatemala, and that 1.75 million had reached the U.S.-Mexico border.

Persons: Cheila Gonzalez, Alicia Barcena, Andres Manuel Lopez, Gustavo Petro, Venezuela's Nicolas Maduro, Barcena, Raul Cortes, Isabel Woodford, Sandra Maler Organizations: REUTERS, MEXICO CITY, U.S, Thomson Locations: Guatemala, United States, Ciudad Juarez, Villa Ahumada, Chihuahua, Mexico, Jose, MEXICO, Venezuela, Honduras, Mexico's, Palenque, America

Search resuls for: "Lopez Obrador"

25 mentions found