PULSE NEWS MEXICO Mexico’s state-owned Federal Electricity Commission (CFE) lost an international arbitration case last year against Canada’s ATCO Ltd and had to pay compensation of more than $85 million, according to three people familiar with the matter. Although the case involved the construction of a gas pipeline that had been contracted by the previous administration, it shows the type
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By MARK LORENZANA The value of oil imports and the trade deficit in hydrocarbons reached an all-time high in the first five months of the year due to the global rise in crude oil prices, a situation that could complicate Mexico’s public finances, experts said on Tuesday, June 28. From January to May of this year, the prices of light
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By ALEJANDRO ENVILA FISHER Once again, the the very midst of a surge in covid-19 infections, Mexico City Governor Claudia Sheinbaum on decreed a series of illogical and impractical restrictions on the circulation of private vehicles for Wednesday, June 8, due to an environmental contingency. With this order, she sent hundreds of thousands of Mexico City residents scrambling to get
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By THÉRÈSE MARGOLIS For many outsiders, the violent clash between opposing worker groups at the Cruz Azul cement plant in Tula, Hidalgo, on Wednesday, April 27, which left eight people dead and nearly a dozen others injured, came as a shock. But for those who follow Mexican trade union politics, it was just the culmination of a long-simmering internal dispute.
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By THE PULSE NEWS MEXICO STAFF A confrontation between workers at a Cruz Azul cement plant in the central Mexican state of Hidalgo on Wednesday, April 27, left at least eight people dead and 11 others injured, according to preliminary reports from local officials. The brawl broke out in the early morning Wednesday at the Tula, Hidalgo, plant, about 100
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By KELIN DILLON On Wednesday, Dec. 1, a group of cartel hitmen used a gas delivery truck to ram into the front gates of Mexico’s Tula prison in the central state of Hidalgo, ultimately freeing nine people, including the leaders of criminal organization “Pueblos Unidos,” though three escapees were later recaptured. Armed with AR-15 rifles, grenade launchers and other weaponry,
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By JESSICA GUERRERO MORELIA, Michoacán — A month has passed since the Tula River, located in the central Mexican state of Hidalgo, overflowed and collapsed its banks, causing the deaths of 15 people and leaving thousands if Mexicans homeless. The flooding took place the night of Sept. 6, when the season’s heavy rains and the government’s poor management of drainage systems,
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By THE PULSE NEWS MEXICO STAFF Mexican Finance (Hacienda, or SHCP) Secretary Rogelio Ramírez de la O will need to earmark at least $8.9 billion of federal funds for the state-run oil company Petróleos Mexicanos’ (Pemex) refinery division between 2022 and 2024 in order for the country to become self-sufficent in gasoline production, according to a study conducted by the
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By KELIN DILLON Mexico’s Attorney General of the Republic (FGR) seemingly believes everything that disgraced former Petróleos Mexicanos (Pemex) Director Emilio Lozoya’s claims surrounding who received bribes during his time at the company, despite several witnesses offering testimony to the contrary. After admitting himself to have received bribes from corrupt Brazilian company Odebrecht after his extradition back to Mexico in
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By RICARDO CASTILLO 2020 News Forecasts An old adage used to say that someday news would travel so fast that we would know the facts about a news item even before it happened. I’ve got news for you; that’s no longer an adage. Hence, here’s a vague glimpse of the shape of news to come in Mexico during 2020, which
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