Mexico / 14 posts found

Mexico City hit by fresh panic as aftershock rocks buildings

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Tremor comes days after earthquake that killed more than 300 A powerful aftershock has caused panic as buildings again swayed in Mexico City just days after more than 300 were killed by the countrys deadliest earthquake for a generation. Rescue and clean-up efforts were temporarily suspended on Saturday amid fears that unstable structures could collapse, causing further anguish for dozens of families whose relatives are still missing under the rubble. Tens of thousands of people have been left homeless and entire areas rendered uninhabitable by last Tuesdays devastating 7.1-magnitude tremor. The earthquake wreaked havoc in parts of the capital, which […]

Mexicos President Says There’s No Way He’ll Pay For A Border Wall

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Mexico’s president finally has publicly spoken out against Republican front-runner Donald Trump, saying his government would not pay for the candidate’s proposed border wall. “There’s no scenario,” Peña Nieto said, when asked if the Mexican government would ever pay for a border wall. “And I have to also say it discourages me. Of course I can’t find a way to find common ground with this position we’ve observed from this North American political actor.” “In the end, these strident comments aim to offer simple, very simple solutions to problems that, of course, won’t be solved so easily,” Peña Nieto said. […]

6 Things Going On In Mexico’s Drug War That Matter More Than El Chapo

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It doesn’t. Capturing the leader of Mexico’s largest drug trafficking organization was an important event, but many experts predict it won’t do much to change the fundamental dynamics of a drug war that has left more than 100,000 people dead in Mexico over the last decade. ASSOCIATED PRESS Family members mourn the death of Gisela Mota, the mayor of Texmico who was assassinated within one day of taking office on Jan. 2. She is one of 100 slain Mexican mayors over the last decade. The incident highlights the dangers facing local elected officials in Mexico: Nearly ASSOCIATED PRESS Former Coahuila […]

‘Totally divided’: how Venezuela’s crisis split the Latin American left

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After months of political turmoil in the country, Latin Americas once broadly united leftist movement is in disarray In her first international speech as the president of Brazils powerful Workers party, Gleisi Hoffmann waded immediately into controversy when she voiced uncompromising support for Venezuelas president violent offensive by the right and endorsed a controversial new constituent assembly which Maduros critics have described as a bare-faced grab for power. The new body, which was 5,000 people have been arbitrarily detained in Venezuela since April and outlined credible reports of cruel, inhuman or degrading treatment by security forces. The countrys economy is […]

Coca-Cola apologizes for indigenous people ad intended as ‘message of unity’

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The ad, in which fair-skinned people bring soda to a local town, is not the first time countrys lax advertising regulations permitted offensive stereotyping Coca-Cola issued a rare apology and was forced to pull an online advert which was deemed by pointing the finger at the ag agency. Earlier this year, McDonalds made a huge cultural faux pas when it decided to disparage a popular traditional breakfast dish in hope of boosting its own sales. A Facebook campaign to promote McBurritos claimed tamales a popular steamed savoury maize dish stuffed with spiced meat or cheese which dates back to pre-Hispanic […]

Mexican first lady’s Florida home owned by potential government contractor

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Guardian investigation reveals Angelica Rivera is using $2.05m luxury apartment bought by Grupo Pierdant, a contender to run Mexicos ports Mexicos first lady is using a luxury property in Florida bought by a company that is expected to bid for lucrative government contracts, the Guardian has learned. Angelica Rivera, the wife of President which is a contender to run Mexicos ports. The company has also paid the property tax on an additional Key Biscayne apartment bought by a holding company set up by Rivera. The arrangements echo aspects of Riveras purchase of a $7m mansion in Mexico City from another […]

The Mysterious Recurring Case of Mexicos Disappearing Governors

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The hunt for Mexicos Javier Duarte Photographer: Marco Ugarte/AP Photo However, its been a couple weeks since Cervantes said that, and in the meantime the government has had to appeal for the publics help by posting a reward. On Sunday, the government seized bank accounts, businesses and properties belonging to the fugitive, the kind of concerted effort that hasnt been a hallmark of justice when it comes to governors of Mexican states. Because before Duarte there was Eugenio Hernandez, and Tomas Yarrington, and Jorge Torres Lopez, and Mario Villanueva, and, until last week, Guillermo Padres. (There are still others.) All governors […]

Mexico raises interest rates in bid to shore up peso after Trump elected

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Banco de Mxico raises key interest rates by 0.5% as it warns global economy has become more complex after Donald Trumps election as US president Mexicos central bank raised interest rates on Thursday in an attempt to shore up the countrys currency, which has collapsed following Donald Trumps election as US president. The Banco de Mxico raised its key interest rate by 0.5% to 5.25% as it warned that the global economy had become more complex as a consequence of the electoral process carried out in the United States and its result. The increase in the rate from 4.75-5.25% takes […]

Why have some of Silicon Valleys top investors started investing in Latin America?

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Julie Ruvolo, a former writer for TechCrunch, is the head of editorial content for the Latin American Private Equity and Venture Capital Association. More posts by this contributor: UPDATE: Brazilian Judge Shuts Down WhatsApp And Brazil’s Congress Wants To Shut Down The Social Web Next The Fight Against Uber Is Getting Violent In Brazil How to join the network Latin America just might be the most overlooked emerging market on the planet. The venture dollars in Latin America cant hold a candle to India or China (compare Chinas $11.8 billion in new VC funds for the first half of 2016, down 14 […]

From glamour to gunfire: the tourist city of Acapulco torn apart by violence

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In the 1950s Acapulco was a refuge for A-list celebrities; now the resort known as Mexicos most violent city is struggling to cope under the strain of gang warfare. Is there anything the mayor can do to reverse its fortunes? When mayor Evodio Velzquezs sparkling white Jeep Cherokee SUV pulls up at the side of the road, patrols of soldiers and heavily armed federal police are waiting for him. Velzquezs tourist police, a special unit of young female officers who wear light blue uniforms, stand in a small cluster by the kerb. Nominally law enforcement agents, these young women are […]
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