DIRS.INFO The most relevant business & tech news

☆ 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

☆ Ancient Maya grave found in Mexico as tourist rail project advances
▼ + stars: | 2023-09-25 | by ( Carolina Pulice | ) www.reuters.com time to read: +2 min

The rail project, known as the Maya Train, is a top economic development priority of President Andres Manuel Lopez Obrador. It employs teams of relatively well-funded archaeologists who have rushed to complete excavations so the construction work will not be delayed. They likely pertain to an elite resident of the city, known by the ancient Maya as Lakamha'. Scholars credit the ancient Maya with major human achievements in art, architecture, astronomy and writing. Palenque, like dozens of other ancient cities clustered around southern Mexico and parts of Central America, thrived from around 300-900 AD.

Persons: INAH, Andres Manuel Lopez Obrador, Carolina Pulice, David Alire Garcia, David Gregorio Our Organizations: Mexico's National Institute of Anthropology, MEXICO CITY, Thomson Locations: Palenque, MEXICO, Mexico, Cancun, Tulum, Chiapas, Central America

☆ Ancient Maya Grave Found in Mexico as Tourist Rail Project Advances
▼ + stars: | 2023-09-25 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: INAH, Andres Manuel Lopez Obrador, Carolina Pulice, David Alire Garcia, David Gregorio Organizations: MEXICO CITY Locations: Carolina, MEXICO, Mexico, Cancun, Tulum, Palenque, Chiapas, Central America

☆ Mexico inflation continues slowdown in early September
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A man sells corn grains at a public market in Ozumba de Alzate, State of Mexico, Mexico, May 24, 2022. Headline inflation in Latin America's second-largest economy hit 4.44% in the 12 months through early September, down from 4.64% at the end of August, data from statistics agency INEGI showed. If not, we're talking about the Bank of Mexico standing on just one foot," the president told a press conference. It warned that it would be necessary to maintain it for an "extended" period to meet its inflation target of 3%, plus or minus one percentage point. Mexico's economy grew 0.2% in July from June and expanded 3.2% from the same month a year before, the national statistics agency said earlier on Friday.

Persons: Edgard Garrido, Andres Manuel Lopez Obrador, Banxico, Lopez Obrador, Peter Frontini, Raul Cortes Fernandez, Brendan O'Boyle, Natalia Siniawski, Alistair Bell Organizations: REUTERS, Reuters, Bank of, Thomson Locations: Ozumba de Alzate, State, Mexico, Bank of Mexico

☆ Mexico researchers show progress on drive to replace U.S. corn imports
▼ + stars: | 2023-09-22 | by ( Adriana Barrera | ) www.reuters.com time to read: +3 min

The fields, planted in May, were generating new strands of hybrid seed varieties to be tested in 2024 with release for planting in 2025, they said. Mexico's government wants to ban GM corn for human consumption, including its national staple, tortilla, on concerns about its health impact. It still permits, for now, GM corn as livestock feed and in industrial use in some processed foods and cosmetics. SELF-SUFFICIENCYPresident Andres Manuel Lopez Obrador has been vocal about the need to reduce Mexico's dependence on U.S. corn imports. Still, Mexican Deputy Agriculture Minister Victor Suarez has said replacing 10% to 15% of corn imports is realistic.

Persons: Kellogg, Claudio Carballo, Andres Manuel Lopez Obrador, Victor Suarez, Romel Olivares, Lopez Obrador, Olivares, Adriana Barrera, Cassandra Garrison, Dave Graham, Leslie Adler Organizations: Autonomous University of Chapingo, U.S, Agriculture, Thomson Locations: TEXCOCO, Mexico, United States, Mexico City, Chapingo, U.S, Canada, Mexican

MEXICO CITY (AP) — Mexico’s top diplomat, Alicia Bárcena, said Friday that President Andrés Manuel López Obrador wants to travel to Washington D.C. in early November to meet with U.S. President Joe Biden about immigration, development aid and drug trafficking. Bárcena's comments came just a day after López Obrador announced he will skip the Asia-Pacific Economic Cooperation summit in November in San Francisco because his country “has no relations” with Peru. López Obrador previously claimed Peru’s current government was installed by a coup and that he still considers ousted president Pedro Castillo to be the country’s legitimate leader. It would not be the first time that López Obrador has skipped international meetings in the United States because of who else was or wasn’t invited. Last year, he skipped the Summit of the Americas in Los Angeles because Nicaragua and Venezuela were not invited.

Persons: — Mexico’s, Alicia Bárcena, Andrés Manuel López Obrador, Joe Biden, Bárcena, Greg Abbott, Abbott, Venezuela “, Bárcena's, López Obrador, “, Pedro Castillo Organizations: MEXICO CITY, Washington D.C, U.S, Texas Gov, Venezuela, Economic Cooperation Locations: MEXICO, Washington, Mexico, Mexico’s, Darien, Colombia, Panama, New York, Ciudad Juarez, El Paso , Texas, Rio, Mexican, Tapachula, Guatemala, Mexico City, China, Asia, San Francisco, Peru, United States, Americas, Los Angeles, Nicaragua, Venezuela

The number of migrants caught crossing illegally or presenting themselves at legal border crossings has steadily risen after dropping in mid-May when the U.S. rolled out stricter new asylum rules. The increase has strained U.S. cities at the border and further north. Republicans blame Biden for reversing hardline immigration policies of Republican former President Donald Trump, the frontrunner for his party's nomination. To reduce illegal crossings, the Biden administration rolled out a new regulation in May that requires migrants to schedule an appointment to enter at a legal border crossing or face a higher standard for asylum. The administration also has opened other legal ways for migrants to enter the U.S. from abroad.

Persons: Douglas, David, Leon, Luis, Adrees Latif, Andres Manuel Lopez Obrador, Joe Biden, Biden, Donald Trump, Daina Solomon, Ted Hesson, Mica Rosenberg, Aurora Ellis, Daniel Wallis Organizations: REUTERS, U.S . Customs, Border Protection, Democrat, Republican, Wednesday, Democratic, Thomson Locations: Venezuela, Rio Grande, United States, Mexico, Eagle Pass , Texas, U.S, MEXICO, Washington, Mexico City

☆ 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 Feels Pressure of Relentless Migration From South America
▼ + stars: | 2023-09-21 | by ( James Fredrick | ) www.nytimes.com time to read: +1 min

In addition, Mexico’s Supreme Court in March ruled it unconstitutional to detain migrants for more than 36 hours, since being undocumented is an administrative, not criminal, infraction. Using a combination of immigration agents and tens of thousands of National Guard troops, Mexico continues to stop large numbers of people across the country from going north — 317,334 in the first seven months of the year. But most are released in Mexico: Deportations have dropped 55 percent to 34,557 the first seven months of 2023 compared to the same period last year, according to government data. In early September, President Andrés Manuel López Obrador said migrants have increasingly become the targets of kidnappings in Mexico. In recent months, he has repeatedly insisted on the need to invest and support the countries where migrants hail from.

Persons: Andrés Manuel López Obrador, ” Organizations: Mexico’s, National Guard Locations: Mexico

Biden in May rolled out a new policy to deter illegal crossings, including deporting migrants and banning re-entry for five years, as his administration grappled with migration at record highs. He praised Biden for creating legal pathways for migrants but said they needed to be expanded. Hundreds of migrants who crossed without appointments have been forced to wait between two border walls. Within the last eight days, U.S. Customs and Border Protection (CBP) had processed more than 5,000 migrants in the San Diego area, a San Diego official said on Thursday. An unprecedented number of migrants entering Mexico hail from othercontinents, as the trek to the U.S. southern border increasingly becomes a global migration route.

Persons: Jose Luis Gonzalez, Joe Biden, Biden, Andrew Selee, Andres Manuel Lopez Obrador, Oscar Suarez, Suarez, Enrique Lucero, Giuseppe Loprete, don't, Lopez Obrador, Lizbeth Diaz, Laura Gottesdiener, Beth Solomon, Adrees Latif, Mike Blake, Ted Hesson, Rosalba O'Brien Organizations: U.S, REUTERS, Rights, Migration Policy Institute, Tijuana, U.S . Customs, Border Protection, San Diego, CBP, Migrants, Pacific, International Organization for Migration, IOM, Thomson Locations: United States, Rio Bravo, Mexico, Ciudad Juarez, California, Texas, Mexican, San Diego , California, El Paso, Central, South America, San Diego, Tijuana, U.S, Grande, Eagle, Panama, Darien, othercontinents, Monterrey, Mexico City, Washington

☆ Mexican President Eyes Washington Meeting With Biden in November
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday he had proposed a visit to Washington in November to meet with U.S President Joe Biden, and had also invited Biden to visit Mexico. Speaking at a regular government press conference, Lopez Obrador said that he planned to discuss migration, drug trafficking, violence and trade with his U.S counterpart. He said he had proposed Washington because he was no longer going to attend the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, citing Mexico's lack of diplomatic relations with Peru, the APEC forum's next chair. The Mexican president added that another possibility would be to meet Biden in January during a North American leaders' summit due to be hosted by Canada. The president said if Biden came to Mexico, he would invite him to see various energy and infrastructure projects under construction - including his multi-billion dollar flagship Tren Maya railway line - in the Gulf of Mexico and southern Mexico.

Persons: Andres Manuel Lopez Obrador, Joe Biden, Biden, Lopez Obrador Organizations: MEXICO CITY, U.S, Economic Cooperation, APEC, Biden, Canada, Mexico City Locations: MEXICO, Washington, Mexico, Asia, San Francisco, Peru, Gulf of Mexico

[1/2] The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. A third senior trading source confirmed that Vitol had resumed business with Mexico. Neither the deals nor the fact that Mexico resumed trading with Vitol have previously been reported. Vitol declined to comment while Pemex and the Mexican government did not respond to requests for comment. Eventually, Pemex officials pulled the plug on contract negotiations after Vitol officials refused their proposed changes to terms.

Persons: Raquel Cunha, Pemex, cargos, Vitol, Arvin, Andres Manuel Lopez Obrador, Octavio Romero, Pemex's Romero, Javier Aguilar, Aguilar, Stefanie Eschenbacher, Ana Isabel Martinez, Dmitry Zhdannikov, Luc Cohen, Marianna Parraga, Florence Tan, Stephen Eisenhammer, Marguerita Choy Organizations: REUTERS, Reuters, U.S . Department of Justice, Thames, Thomson Locations: Mexico City, Mexico, MEXICO, Swiss, Brazil, Ecuador, Liberia, Houston, Pajaritos, Denmark, Tuxpan, Tampico, America, Geneva, U.S, Brooklyn, London, New York, Singapore

Mexican Acquire Licensing Rights Read moreCHICAGO, Sept 18 (Reuters) - Ovidio Guzman, one of the sons of incarcerated Mexican drug lord Joaquin "El Chapo" Guzman, pleaded not guilty to U.S. fentanyl trafficking charges on Monday in federal court in Chicago, prosecutors said, three days after his extradition from Mexico. Guzman, 33, is one of El Chapo's four sons, known as "Los Chapitos," who inherited their father's trafficking empire after his conviction on U.S. murder and drug charges in 2019. "El Chapo" Guzman is serving a life sentence in a maximum-security prison in Colorado. Guzman was briefly arrested in Culiacan in the northern state of Sinaloa in 2019. "El Chapo" Guzman rose to prominence at the helm of the Sinaloa Cartel and added to his infamy by escaping Mexican prisons not once but twice.

Persons: Ovidio Guzman, Joaquin, El, Guzman, El Chapo's, Ovidio, Andres Manuel Lopez Obrador, Biden, Eric Cox, Joseph Ax, Kanishka Singh, Grant McCool Organizations: Biden, Chicago Tribune, U.S, Tribune, State Department, Thomson Locations: Culiacan, Sinaloa, Mexico, CHICAGO, Chicago, Colorado . U.S, The U.S, U.S, Brooklyn

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 president defends Russia participation in military parade
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Mexican President Andres Manuel Lopez Obrador waves as he travels from Oaxaca to Veracruz on board the "Tren Transistmico" passenger train during its first test trip, in southern Mexico September 17, 2023. Ukraine's ambassador to Mexico, opposition politicians and critical media blasted the decision to allow a Russian unit to participate on Saturday, but Lopez Obrador said Mexico had allowed any country to join in. Lopez Obrador, a leftist, has sought to keep Mexico neutral in the war between Russia and Ukraine, at one point proposing peace talks. Ukraine's ambassador to Mexico, Oksana Dramaretska, said on X that the parade had been "sullied" by the participation of a Russian unit which she said was "stained with blood." "Long live the friendship between Mexico and Russia!," the Russian embassy said on X.

Persons: Andres Manuel Lopez, Andres Manuel Lopez Obrador, Lopez Obrador, Russia's, Oksana Dramaretska, Mr, Dramaretska, Daniel Ortega, Ortega, Xochitl Galvez, Valentine Hilaire, Raul Cortes Fernandez, Rosalba O'Brien Organizations: REUTERS Acquire, Thomson Locations: Oaxaca, Veracruz, Mexico, MEXICO, Russian, Ukraine, Russia, Brazil, Chile, China, Venezuela, Sri Lanka, Nepal, Cuba, Nicaragua

☆ Mexican capo Ovidio Guzman extradited to US in win on fentanyl war
▼ + stars: | 2023-09-16 | by ( Dave Graham | ) www.reuters.com time to read: +3 min

Two Mexican officials familiar with the matter also confirmed the extradition of the 33-year-old Guzman. He was captured in January after an intense firefight in the northern Mexican state of Sinaloa. The removal of Ovidio Guzman was even quicker than that of his father, who was flown to the U.S. barely a year after his final arrest in Sinaloa in early 2016. The State Department has been offering a reward worth millions of dollars for information leading to the arrest or conviction or Ovidio Guzman and three of his brothers. He was extradited to the United States in 2017 after twice escaping from prison in Mexico.

Persons: Ovidio Guzman, Joaquin, El, Guzman, General Merrick Garland, Ovidio, Garland, Andres Manuel Lopez Obrador, Biden, Dave Graham, Drazen Jorgic, Kanishka Singh, Dan Whitcomb, William Mallard Organizations: Government, REUTERS Acquire, Biden, U.S, Department, State Department, Thomson Locations: Culiacan, Sinaloa, Mexico, MEXICO, United States, Mexican, Sinaloa . U.S, The U.S, U.S, Colorado, Mexico City, Washington

CNN —Ovidio Guzman Lopez, son of Mexican drug lord Joaquin “El Chapo” Guzman, has been extradited from Mexico to the United States, the US Department of Justice has announced. Guzman was flown to Chicago and landed Friday afternoon, Northern District of Illinois Assistant US Attorney Joseph D. Fitzpatrick told CNN. Following his arrest in Culiacán, chaos erupted in the city with authorities asking citizens to shelter at home as law enforcement clashed with cartel members in various parts of the city. In his statement following the extradition, Attorney General Garland paid tribute to the law enforcement officials involved. “The fight against the cartels has involved incredible courage by United States law enforcement and Mexican law enforcement and military service members, many of whom have given their lives in the pursuit of justice,” Garland said.

Persons: CNN — Ovidio Guzman Lopez, Joaquin “ El Chapo ” Guzman, General Merrick B, Garland, Guzman, ” Garland, Joseph D, Fitzpatrick, hasn’t, Andrés Manuel López Obrador, Emma Coronel Aispuro, El, Chapo ”, Joaquín Guzman, Lopez, “, Edgar Guzman, ”, General Garland, “ El Organizations: CNN, US Department of Justice, Northern District of Illinois, US, US State Department, State Department, United, Department Locations: Mexico, United States, Sinaloa, Chicago, Northern District, Culiacán, Colombia, Argentina, ”, Altiplano

WASHINGTON, Sept 14 (Reuters) - About half of Americans support sending U.S. military personnel into Mexico to fight drug cartels, according to a Reuters/Ipsos opinion poll, though there is less backing for sending troops without Mexico's approval. Some of the candidates have said they would be prepared to send military forces without first receiving permission from the Mexican government. Fifty-one percent of Republicans opposed unilateral action, compared to 40% who supported it. Only former Vice President Mike Pence, former Arkansas Governor Asa Hutchinson and former New Jersey Governor Chris Christie have stopped short of saying they support sending U.S. military personnel into Mexico. The Reuters/Ipsos poll was conducted online and nationwide between Sept. 8 and Sept. 14, gathering responses from 4,413 U.S. adults.

Persons: Terry Sullivan, Marco Rubio's, Donald Trump, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, South Carolina Tim Scott, Haley, Mike Pence, Asa Hutchinson, Chris Christie, Andres Manuel Lopez Obrador, Gram Slattery, Jason Lange, Stephen Eisenhammer, Ross Colvin, Grant McCool Organizations: Reuters, United, U.S . Centers for Disease, Department of Defense, Tech, South Carolina, New, Thomson Locations: Mexico, U.S, United States, Ukraine, Florida, South, Arkansas, New Jersey, Mexican, Washington, Mexico City

☆ Amazon opens its biggest last-mile delivery center in Latin America
▼ + stars: | 2023-09-14 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

MEXICO CITY, Sept 14 (Reuters) - Amazon (AMZN.O) on Thursday inaugurated its largest last-mile delivery center in Latin America, a warehouse in Mexico's capital, as it seeks to offer faster deliveries in one of the region's most populous cities. The new Mexico City site, measuring 30,000 square meters (more than 322,000 square feet), is the largest Latin America "delivery station" for Amazon, referring to warehouses that specialize in last-mile deliveries to consumers. Amazon also operates larger warehouses known as "fulfillment centers," which can be over 92,900 sq meters (a million square feet). Altogether Amazon operates about 40 warehouses throughout Mexico, employing more than 8,000 people directly and another 32,000 indirectly. Some 22 million people live in and around Mexico City, one of the biggest urban centers in Latin America.

Persons: Mercado, Diana Frances, Ken Salazar, Andres Manuel Lopez Obrador, Daina Beth Solomon, Sandra Maler Organizations: MEXICO CITY, Mercado Libre, Walmart, Amazon, Thomson Locations: MEXICO, Latin America, Mexico, Argentina, America, Mexico City

☆ Mexico's Sheinbaum leads 2024 presidential race -poll
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 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 RightsSept 14 (Reuters) - The presidential candidate of Mexico's leftist ruling party, Claudia Sheinbaum, a close ally of the current president, is favorite to win the 2024 election, a new opinion poll showed. Those polled were asked to choose between Sheinbaum, Galvez, and former foreign minister Marcelo Ebrard, Sheinbaum's main rival for MORENA presidential nomination. The poll showed Ebrard winning 15% support as MC candidate against Sheinbaum and Galvez. In a head-to-head contest between the two female front-runners, Sheinbaum got 55% support and Galvez 34%.

Persons: Mexico City Mayor Claudia Sheinbaum, Henry Romero, Claudia Sheinbaum, Xochitl Galvez, Galvez, Marcelo Ebrard, Ebrard, Sheinbaum, Andres Manuel Lopez Obrador, Raul Cortes, Natalia Siniawski, Stefanie Eschenbacher, Alistair Bell Organizations: Mexico City Mayor, Regeneration, REUTERS, National Regeneration, Spanish, El Pais, MORENA, Movement, Sheinbaum, Thomson Locations: Mexico City, Mexico, Sheinbaum, MORENA, Galvez

REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (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: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico

☆ A divided Chile marks 50 years since Pinochet's bloody military coup
▼ + stars: | 2023-09-11 | by ( Natalia A. Ramos Miranda | ) www.reuters.com time to read: +5 min

[1/5] A woman dressed in black holds a candle as she walks around La Moneda presidential palace during an event ahead of the 50th anniversary of the 1973 Chilean military coup, in Santiago, Chile, September 10, 2023. Victims of military rule and their families have ramped up a push for justice and accountability, but politically the far-right has gained ground amid growing fears over rising crime. "Some people don't know anything about what happened and aren't interested, others are tired that...even after 50 years, many people still don't know what happened to their disappeared relatives," said Elvira Cádiz, who was six years old in 1973. According to various Chilean human rights commissions, there are 40,175 victims classified as politically executed, disappeared, imprisoned and tortured during military rule. "We don't know if we will achieve complete justice, but what we do have to do is get to the truth, find out where they are."

Persons: Carlos Barria, Augusto Pinochet, Salvador Allende, Gabriel Boric, aren't, Elvira Cádiz, Boric, he's, Allende's, Pinochet, José Antonio Kast, Cristián Valdivieso, Allende, Pinochet's, Gaby Rivera, Luis Rivera, Argentina's Alberto Fernández, Colombia's Gustavo Petro, Mexico's Andrés Manuel López Obrador, Carlos Gonzalez, Natalia Ramos, Adam Jourdan, Mark Heinrich Our Organizations: REUTERS, Rights, Hawker Hunter, Reuters, Thomson Locations: La, Santiago , Chile, Chile, South America, Estación Central, Santiago, Allende

☆ 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

☆ Chile, Mexico presidents call for democracy, Santiago protests flare on eve of coup anniversary
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +3 min

[1/14] A protester is seen on fire as a Molotov cocktail exploded on his hands during clashes with riot police at a rally-march ahead of the 50th anniversary of the 1973 Chilean military coup, in Santiago, Chile, September 10, 2023. REUTERS/Carlos Barria Acquire Licensing RightsSANTIAGO, Sept 10 (Reuters) - The presidents of Chile and Mexico called for the strengthening of democracy in Latin America during a joint address on Sunday to commemorate the 50th anniversary of a 1973 coup in Chile, hours after a peaceful march culminated in violent clashes with police. "We are united by history, brotherhood and the desire to continue building an authentic democracy," said Lopez Obrador. "Their intolerance and violence should have no place in democracy and those who have participated in these acts must face the rule of law." In 2019, widespread protests against inequality in Chile left more than 30 people dead.

Persons: Carlos Barria, Salvador Allende, General Augusto Pinochet, Pinochet, Andres Manuel Lopez Obrador, Gabriel Boric, Lopez Obrador, Allende, Molotov, Boris, Jackie Botts, Raul Cortes, Leslie Adler Organizations: REUTERS, Rights, La, Twitter, Thomson Locations: Santiago , Chile, Chile, Mexico, Latin America, Santiago

☆ Mexico sees similar economic growth next year, more help for Pemex
▼ + stars: | 2023-09-09 | by ( Ana Isabel Martinez | ) www.reuters.com time to read: +3 min

A draft seen by Reuters had forecast 2024 economic growth at 2.4%, below the final published figure. The 2024 budget will now be debated by lawmakers in Congress, where the ruling coalition of President Andres Manuel Lopez Obrador commands majorities in both chambers. The key 2024 oil price is used to estimate a large amount of government revenue. State oil company Pemex's overall budget will be cut 36%, according to the draft budget from 2023 funding levels. The draft budget projects those costs will dip next year by about 4.75 billion pesos ($270 million), or down by 7.6% in inflation-adjusted terms.

Persons: Mexico's Finance Ministry Rogelio Ramirez de la, Raquel Cunha, Andres Manuel Lopez Obrador, Ana Isabel Martinez, Carolina Pulice, Sarah Morland, Stephen Eisenhammer, Chizu Nomiyama, Leslie Adler, William Mallard Organizations: Mexico's Finance Ministry, REUTERS, Reuters, DUC, Thomson Locations: Mexico City, Mexico, MEXICO, Brazil

Search resuls for: "Andres Manuel Lopez Obrado"

25 mentions found