CFE Awards $10 Billion in Contracts without Public Bids
Despite directly choosing its constructors, only one of the CFE’s six priority plants has been fully built while the rest remain between 61 and 73 percent complete
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Sheinbaum Sues Independent Firm behind Line 12 Crash Investigation
By KELIN DILLON Just days after the first year anniversary of Mexico City’s deadly Line 12 Metro accident, Mexico City Mayor Claudia Sheinbaum has filed a civil suit against Norwegian company DNV for their third-party investigation into the causes of the lethal tragedy – a report which placed the blame for the crash on shoddy construction and tanked Line 12
Read moreOne Year after Line 12 Crash, Metro Problem Still Unresolved
By KELIN DILLON In the one year following the May 3, 2021, tragic Line 12 metro accident in Mexico City that killed 26 passengers, few steps have been taken to ensure the preventable accident does not happen again, nor that its victims are taken care of. The collapsed portion’s reconstruction is still lagging on, Mexico City has avoided civil litigation
Read moreGrupo Carso Tanks 3.14 Billion Pesos after Line 12 Report
By KELIN DILLON Mexican billionaire Carlos Slim’s construction company Grupo Carso fell more than 3.14 billion pesos in value on Wednesday, June 16, following an investigative report from Norwegian firm DNV concluding that Mexico City’s deadly Line 12 metro collapse was caused by faulty construction. Constructional faults like poor welding and missing bolts all contributed to the tragic crash that
Read moreNYT Points to Ebrard, Slim for Line 12 Collapse
By KELIN DILLON According to an investigative piece in the renowned international newspaper the New York Times (NYT), Mexico City’s tragic Line 12 metro accident in early May was largely the result of two Mexican public figures’ gross negligence in the construction and upkeep of the now-infamous route. The U.S. publication pointed to Marcelo Ebrard, the country’s current secretary of
Read moreSlim Foundation to Sponsor Covid Vaccine in Mexico
By THE PULSE NEWS MEXICO STAFF The London-based biopharmaceutical giant AstraZeneca signed an agreement with Mexico’s Carlos Slim Foundation on Wednesday, Aug. 12, to produce a covid-19 vaccine in both Mexico and Argentina to be distributed without economic profits throughout Latin America. The experimental coronavirus vaccine, labled AZD1222, which was licensed by AstraZeneca from the University of Oxford, is currently
Read moreMexico News Roundup
By RICARDO CASTILLO Jalisco Skids Deeper in Debt As pressure grows on Mexican President Andrés Manuel López Obrador (AMLO) “to make use” of credits available from international funding organizations, the president becomes more adamant and intrinsic about pushing the nation into further debt. Much of that pressure is coming from opposition state governors, who convened last week in Parras, Coahuila,
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By RICARDO CASTILLO AMLO’s Virtual Powwow with G-20 Leaders In what was his first international encounter — even if only virtual — with the Group of 20 (G-20) world leaders on Thursday, March 26, Mexican President Andrés Manuel López Obrador (AMLO) vowed the nation’s solidarity with all affected nations and explained his point of view as to how to proceed
Read moreCFE to Renegotiate $80 Billion Pipeline Debt
By RICARDO CASTILLO The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth
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