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Mexico inflation rate ends 2017 at 16-year high

Mexico inflation rate ends 2017 at 16-year high

Mexican inflation peaked in August 2017 and is now edging down, right? Er, wrong, according to data out this morning. Consumer prices in Latin America’s second-largest economy ended 2017 at an annualized rate of 6.77 per cent – a rate that was not only the highest of the year but the highest since May 2001.

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China’s Didi Chuxing Is Recruiting in Mexico, Uber’s Latin American Stronghold

China’s Didi Chuxing Is Recruiting in Mexico, Uber’s Latin American Stronghold

Chinese ride-hailing company Didi Chuxing (DIDI-KUAIDI) has advertised online for a range of jobs in Mexico as it prepares to break into the country, one of rival Uber‘s (UBER, +0.00%) regional strongholds. Didi Chuxing plans this year to launch a smartphone app in Mexico and to recruit drivers to the platform, Reuters reported last month. The expansion underscores Didi’s growing interest in Mexico

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Mexican interior minister Osorio Chong says standing down

Mexican interior minister Osorio Chong says standing down

Mexican Interior Minister Miguel Angel Osorio Chong said on Wednesday that he was stepping down from his post, where he had served since the start of President Enrique Pena’s administration in late 2012. Osorio Chong made the announcement, which had been widely expected, at a speech in Mexico City attended by Pena Nieto. Osorio Chong

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U.S. Department revamps travel advisories to make them easier to understand

U.S. Department revamps travel advisories to make them easier to understand

The U.S. Department has revamped its warnings about the risks of traveling to other countries, in an effort to make them easier to understand, officials announced Wednesday. The department changed the previous phrasing from the previous warnings and alerts, which some travelers found confusing, to a colored-number system of advisories with more explicit descriptions of what yielded the

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Russia meddling in Mexican election: White House aide McMaster

Russia meddling in Mexican election: White House aide McMaster

The Russian government has launched a sophisticated campaign to influence Mexico’s 2018 presidential election and stir up division, a senior White House official said in a video clip published by Mexican newspaper Reforma. U.S. National Security Adviser H.R. McMaster said in a speech last month to the Washington-based Jamestown Foundation that there was already evidence

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A decade into Mexico’s deadly drug war, lawmakers give the military more power

A decade into Mexico’s deadly drug war, lawmakers give the military more power

Thousands of protesters marched against it. Hundreds of human rights groups implored lawmakers to reject it. Even the United Nations warned of its dangers. But on Friday, Mexico’s Congress hastily approved the Law of Internal Security, which gives the military broad new powers and solidifies its central role in the country’s drug war. President Enrique

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Alejandro Díaz de León Picked to Lead Bank of Mexico

Alejandro Díaz de León Picked to Lead Bank of Mexico

Mexico’s President has named Alejandro Diaz de Leon as the new governor of the country’s central bank. Diaz de Leon is currently Deputy Governor of the Bank of Mexico and has held a variety of jobs in finance, government and academia. He holds a degree in economics from the Autonomous Technological Institute of Mexico and

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Mexico Finance Minister launches presidential run

Mexico Finance Minister launches presidential run

Mexican Finance Minister Jose Antonio Meade resigned Monday to run for president, with what many pundits see as the best chance to beat the current front-runner, the leftist firebrand Andres Manuel Lopez Obrador. Meade announced he would seek the nomination of the ruling Institutional Revolutionary Party (PRI), which is desperately looking to hold onto power

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Agua Azul waterfalls dry up after quakes

Agua Azul waterfalls dry up after quakes

The Agua Azul waterfalls in southern Mexico are a playground of bright turquoise water cascading over limestone steps. But after a powerful earthquake hit the country, they dried up – and the area’s once-booming tourist economy along with them. The state of Chiapas, where the falls trickle near the ancient Mayan ruins of Palenque, was

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Canadian gold mine killings jolt NAFTA talks

Canadian gold mine killings jolt NAFTA talks

The fatal shooting of two workers in an apparent clash between unions at a Canadian-owned mine in Mexico angered labor activists at NAFTA talks on Monday who said the violence was an example of poor labor conditions in the country. Gunmen shot the two workers on Saturday at a blockade mounted as part of a

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Deported veterans protest in Ciudad Juarez on US Veterans Day

Deported veterans protest in Ciudad Juarez on US Veterans Day

Despite being deported from the United States, a group of veterans celebrated Veteran’s Day in Ciudad Juarez with a protest in proximity of the Free Bridge. There were a dozen people led by Ivan Ocon, who was deported a year and a half ago, after serving in the US Army for seven years. Ivan commented

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DEA identifies a new cartel as a growing threat

DEA identifies a new cartel as a growing threat

The US DEA issued the 2017 National Threat Drug Assessment and as part of the report they said: Mexican Transnational Criminal Organization (“TCOs”) remain the greatest criminal drug threat to the United States; no other group is currently positioned to challenge them. These TCOs maintain territorial influence over large regions in Mexico used for the

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Economist Krugman says: NAFTA wasn’t great for Mexico

Economist Krugman says: NAFTA wasn’t great for Mexico

“NAFTA did not achieve it’s supporter’s promise of an increase in Mexico’s economic growth and development”, says Paul Krugman – a Princeton Professor and 2008 Nobel prize winner – at a conference in Mexico City. IF the US leaves NAFTA, the scenario that Krugman envisages would reduce the gross domestic product (GDP) of Mexico by 2%,

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Journalist’s tough path to find justice

Journalist’s tough path to find justice

Most of violent stories of journalist in Mexico end up as dead ends… like Javier Valdez and Cecilio Pineda murdered despite having official bodyguards or the prosecution of journalist crime with no cases solved so far. But finally, justice is served! Karla Silva, a 27 year old journalist working for El Heraldo de Leon, a

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Mexico’s scandal-tainted Attorney General quits

Mexico’s scandal-tainted Attorney General quits

Mexico’s Attorney General Raúl Cervantes has quit his post, saying he does not want to stand in the way of the approval in Congress of a reformed General Prosecutor’s Office (FGR). Mr Cervantes, a controversial figure has overseen the arrest of a string of former state governors on corruption charges.  But he has failed to

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