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Aeromexico cancels five routes to U.S.

Aeromexico cancels five routes to U.S.

Aeromexico, which is experiencing losses resulting from high fuel prices, will pull out five airplanes from its fleet and eliminate nine routes — including five connecting Mexican and U.S. cities, Mexican newspapers reported. “With fuel prices in the order of

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‘El Chapo’ trial: Mexico Presidents reject ‘scapegoat’ claims

‘El Chapo’ trial: Mexico Presidents reject ‘scapegoat’ claims

Mexico’s president and his predecessor have rejected allegations of bribe-taking made in the New York trial of drug kingpin Joaquín “El Chapo” Guzmán. Mr Guzmán’s lawyer told the trial that his client was a “scapegoat”. He said the real leader

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Five held over murder of Mexico politician’s daughter

Five held over murder of Mexico politician’s daughter

Police in the eastern Mexican state of Veracruz has arrested five people suspected of involvement in the murder of the daughter of a Congresswoman. Valeria Cruz Medel, a medical student, was shot dead while working out in a gym in

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Want A Private Jet? AMLO has One Up For Sale

Want A Private Jet? AMLO has One Up For Sale

The Boeing 787-Dreamliner is big, luxurious, nearly new — just two years old. It’s downright presidential, since it was built to transport a head of state. The president-elect of Mexico doesn’t want it. Not even a little. But that doesn’t mean

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Potential jurors in trial of “El Chapo” said they feared for their lives if selected

Potential jurors in trial of “El Chapo” said they feared for their lives if selected

Jury selection resumes Tuesday in the trial of the infamous Mexican drug lord Joaquin Guzman, known as “El Chapo.” A federal judge in New York dismissed 17 potential jurors Monday, some of whom said they feared for their lives if selected. Guzman is

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USD/MXN hits fresh monthly highs above 20.00 as Mexican peso remains under pressure

USD/MXN hits fresh monthly highs above 20.00 as Mexican peso remains under pressure

The Mexican peso failed to hold to modest gains and dropped during the American session, reaching a fresh 4-month low against the US dollar. It remains under pressure like most Mexican assets. From Friday’s close lost almost 4%. Economy rebounds, not

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AMLO’s Bad Start: Fitch Revises Mexico Outlook To Negative

AMLO’s Bad Start: Fitch Revises Mexico Outlook To Negative

Prognosis negative for Mexico. So says Fitch Ratings. After a no vote on a new airport was reached yesterday in a referendum that president-elect Andrés Manuel López Obrador (aka AMLO) put on a special ballot, investors turned a bit sour.

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2018 New Magic Towns

2018 New Magic Towns

Enrique de La Madrid, Secretary of Tourism, held the award ceremony for the 10 New Magical Towns. During the opening of the 5th Edition of Magical Towns Fair, the Secretary said that the program, since it’s beginning in 2001, has become

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Mexico economy minister to call Canadian officials Friday over new steel tariffs

Mexico economy minister to call Canadian officials Friday over new steel tariffs

Mexican Economy Minister Ildefonso Guajardo said he will speak by telephone with Canadian officials on Friday and seek to persuade them to exclude Mexican steel from new trade measures announced by Canada this week. The Canadian government said it would

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AMLO says will look at legalizing some drugs

AMLO says will look at legalizing some drugs

Mexico’s President-elect Andres Manuel Lopez Obrador said on Sunday that he would consider legalizing certain drugs as part of a broader strategy to fight poverty and crime. Speaking in the state of Zacatecas, Lopez Obrador said that a recent proposal

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Damaged buildings, graft haunt Mexico City year after quake

Damaged buildings, graft haunt Mexico City year after quake

Throughout Mexico City, uninhabited buildings with gaping cracks lean at precarious angles and some displaced people are still living outdoors a year after a magnitude 7.1 earthquake killed 228 people in the capital and 141 more in nearby states. Bureaucracy

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US plans to pay $20 million to help Mexico deport migrants

US plans to pay $20 million to help Mexico deport migrants

The US government plans to pay millions of dollars to help Mexico deport thousands of migrants who have entered the country hoping to reach the United States. According to a notification State Department officials sent to Congress, $20 million would

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Miners’ union leader Gómez Urrutia returns to Mexico as a senator

Miners’ union leader Gómez Urrutia returns to Mexico as a senator

It’s taken 12 years of exile and strong support all that time from the United Steelworkers, but Napoleón Gómez Urrutia, president of Los Mineros, the independent Mexican union of steel workers, mine workers and metal workers, is finally back in Mexico

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Pemex unit fined $22 million by competition authority

Pemex unit fined $22 million by competition authority

Mexico’s competition authority said on Tuesday that it has fined a unit of state-owned oil company Pemex for presenting an annual compliance report on antimonopoly measures in the recently opened fuel market a year after it was due. The Federal

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Bounty raised to over $1million for drug cartel kingpin ‘El Mencho’

Bounty raised to over $1million for drug cartel kingpin ‘El Mencho’

Mexican authorities have raised the bounty on one of the country’s most bloodthirsty cartel kingpins – Nemesio Oseguera Cervantes, known as “El Mencho” – whose underlings have deployed waves of violence to thwart attempts at detaining him. Officials announced on

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