Mexico will invest more than US$ 30 billion in its poor southern states over the next five years, the foreign minister said, boosting the region economically as part of efforts to curb migration. Under pressure from the United States, Mexico is grappling to halt the northward flow of migrants fleeing violence and poverty in Central America.Add your comment!
Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded.Add your comment!
Mexico’s newly inaugurated president Andres Manuel Lopez Obrador, AMLO, is turning up the heat on foreign oil companies to show results before he holds new auctions.Add your comment!
Andres Manuel Lopez Obrador has been sworn in as Mexico's new president, after his landslide win in July. The 65-year old AMLO, as he is more commonly referred to, is starting his six-year term with a promise to end corruption, poverty and extreme violence.
United States President Donald Trump jets into Argentina on Thursday for a G20 summit, keen to do battle with China on trade and sharpening his rhetoric against Russia over Ukraine. The weekend summit is confronted with increasingly dire warnings, by the International Monetary Fund among others, of the potential harm faced by the world economy from Trump's trade wars.
President Donald Trump on Wednesday indicated he favours imposing import tariffs to protect the US auto industry, which was rocked by this week's announcement of job cuts at General Motors. In two tweets, the president said that extending tariffs already in place for foreign-built small trucks to the car sector would help domestic manufacturers.
Mexico's central bank cut its economic growth forecast for 2019 on Wednesday, citing uncertainty over the policies that president-elect Andres Manuel Lopez Obrador will pursue. In its quarterly report on the state of Latin America's second-largest economy, after Brazil, the Bank of Mexico predicted growth of 1.7 to 2.7% next year, down from 1.8 to 2.8% in its previous forecast.
The U.S.-Mexico border at the San Isidro Port of Entry was closed in both directions for more than five hours on Sunday after hundreds of migrants rushed the area, prompting federal authorities to launch tear gas in an apparent attempt to get the group to disperse.
United States Defense Secretary James Mattis has said military police at the border with Mexico will be unarmed and will not have the power to carry out arrests. They don't have guns in their hands, there is no armed element going in, Mr. Mattis told reporters on Wednesday.
Mexico’s incoming government will hold a national public consultation on Nov. 24-25 for residents to voice their opinion on 10 key policy proposals ranging from a new rail line and oil refinery to reforestation and free public internet initiatives.