XINHUA At least 20 people are dead after what appeared to be a cartel-war shootout in the town of Las Tinajas, Michoacán, on Sunday, March 27, according to that central Mexican state’s Attorney General’s Office. The shootout took place late Sunday night at a clandestine cockfight (palenque), where police later discovered the lifeless remains of 16 men and three women (another
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XINHUA The growing geopolitical conflict resulting from Russia’s invasion into Ukraine has exacerbated uncertainty surrounding Mexico’s economy, the Mexican Institute of Finance Executives (IMEF) said on Tuesday, March 15. In its monthly analysis, the private-sector IMEF said that the global economic landscape changed notably due to the Russia-Ukraine conflict, the impact of which is still to early to gauge. IMEF
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XINHUA Mexico and China have made significant gains from cooperation in trade and other areas since the establishment of bilateral diplomatic relations 50 years ago, Mexican Economy Secretary Tatiana Clouthier said last week. “We are very pleased” with the “significant achievements that have been cultivated over time,” Clouthier said in an interview with the Chinese news agency Xinhua. “China is
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XINHUA Mexico has registered a downward trend in covid-19 cases for five consecutive weeks, with half of the country’s states reporting no deaths in recent days, Undersecretary of Prevention and Health Promotion Hugo Lopez-Gatell said Tuesday, March 1. Speaking during the daily press conference of President Andrés Manuel López Obrador (AMLO) at the National Palace, López-Gatell said that currently only
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XINHUA Mexico needs a “comprehensive reform agenda” to boost investment and economic growth, the Organization for Economic Cooperation and Development (OECD) said Monday, Feb. 21. After cutting its economic forecast for Mexico’s growth expectations for 2022 from 3.3 percent to just 2.3 percent, OECD Secretary General Mathias Cormann, warned that in order to spur higher growth, Mexico would have to
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XINHUA Mexico’s Central Bank (Banxico) on Thursday, Feb. 10, raised its key interest rate for the sixth consecutive time in response to what it called greater and longer-than-expected inflationary pressures. B Banxico said in a statement that its governing board had decided by majority vote to raise the target for the overnight interbank interest rate by 50 basis points, to
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XINHUA Mexico received a record $51.594 billion in remittances in 2021, according to a report released Tuesday, Feb. 2, by the Central Bank of Mexico (Banxico). The amount of money that Mexicans living abroad sent home to their families last year was 27.1 percent higher than the amount in 2020, when the country received $40.605 in remittances, Banxico data showed.
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XINHUA Most of the weapons seized by authorities in Mexico over the last two years were manufactured in the United States, according to a report released Monday, Jan. 31, by the Foreign Relations Secretariat (SRE). Mexican security forces seized 18,091 U.S.-made weapons between Jan. 1, 2020, and Nov. 18, 2021, an average of 812 guns or other firearms a month,
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XINHUA At least 13 people were killed and 10 injured when a passenger van crashed in the Central Mexican state of Jalisco on Saturday, Jan. 29, local authorities reported. The Jalisco Civil Protection and Fire Department said on Twitter that the vehicle was transporting tourist personnel and overturned at Kilometer 35 of the Leon-Aguascalientes highway in the municipality of Lagos
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XINHUA The economy of Latin America and the Caribbean will grow by only 2.1 percent in 2022, representing a slowdown compared to 6.2 percent in 2021, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) reported last week. According to the commission’s projections released on Wednesday, Jan. 12, the economy of the Caribbean region will grow 6.1
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