mexico
Mexico’s economy demonstrated resilience in the second quarter of 2024, with GDP increasing by 0.2% from the previous quarter. This modest growth mirrors preliminary estimates and follows a downwardly revised 0.1% increase from the prior period. However, annual growth showed a more robust figure, with a 2.1% increase in Q2, slightly below the initial 2.2% forecast but a notable acceleration from the 1.5% rise in the previous quarter. Data from the Instituto Nacional de Estadística y Geografía (INEGI) reveals that this represents the second consecutive quarter of slow growth. While the service ...
Invezz
Los Angeles (United States) (AFP) - Smugglers disguised $5 million worth of methamphetamine as watermelons and tried to truck them across the border from Mexico, US border agents said. More than 4,500 pounds (2,000 kilograms) of the addictive drug were wrapped in paper packages painted to look like the juicy fruit and hidden amongst other cargo. Border agents pulled over the produce-laden tractor-trailer at Otay Mesa in California on Friday and got in amongst the cargo for a closer look. There they discovered more than 1,200 watermelons were actually bundles of the synthetic drug wrapped in co...
AFP
Mexico City (AFP) - The surprise capture on US soil of Mexican drug lord Ismael "Mayo" Zambada has all the suspense of a Netflix nailbiter -- and all the mystery, too. Wild claims of cross-border kidnapping, murder and political intrigue swirl around his arrest. But there are many gaps in the story, and few official details -- fueling mistrust, analysts say, between US and Mexican authorities. Zambada, 76, co-founded the powerful Sinaloa drug cartel with Joaquin "El Chapo" Guzman in the 1990s. He escaped capture for much of his life despite a US reward of $15 million for his capture. Then, see...
AFP
New York (AFP) - The co-founder of the Sinaloa drug cartel claimed Saturday that he had been kidnapped in Mexico and delivered into US custody against his will, deepening international speculation over the murky circumstances behind his dramatic arrest. "I was ambushed," Ismael "El Mayo" Zambada, 76, said in a statement released through his lawyer that he said aimed at clearing up the rumors and misinformation surrounding his capture. Zambada, co-founder of the powerful Mexican cartel that US authorities say is responsible for the majority of the drugs killing Americans, was detained on July 2...
AFP
Mexico’s inflation rate surged to 5.57% in July 2024, marking the highest level since May 2023 and surpassing previous market forecasts. This significant rise, up from 4.98% in June, underscores the growing economic pressure in the country. The increase is largely attributed to sharp price hikes in essential sectors such as food, housing, education, and services. Key drivers of inflationThe Instituto Nacional de Estadística y Geografía (INEGI) reports that the escalating cost of food and non-alcoholic beverages has been a major driver of Mexico’s inflationary trend. Prices in this category sur...
Invezz
The Ukrainian embassy in Mexico on Aug. 7 asked the Mexican government to arrest Russian leader Vladimir Putin if he attends the inauguration of president-elect Claudia Sheinbaum. The embassy called Putin a war criminal and expressed gratitude to Mexico for inviting President Volodymyr Zelensky to the ceremony on Oct. 1. "We trust that the Mexican government will comply with the international arrest warrant and hand over the aforementioned (Putin) to the United Nations judicial body in The Hague," the embassy said. In March 2023, the International Criminal Court (ICC) issued an arrest warrant ...
Kyiv Independent
The Ukrainian embassy in Mexico on Aug. 7 asked the Mexican government to arrest Russian leader Vladimir Putin if he attends the inauguration of president-elect Claudia Sheinbaum. The embassy called Putin a war criminal and expressed gratitude to Mexico for inviting President Volodymyr Zelensky to the ceremony on Oct. 1. "We trust that the Mexican government will comply with the international arrest warrant and hand over the aforementioned (Putin) to the United Nations judicial body in The Hague," the embassy said. In March 2023, the International Criminal Court (ICC) issued an arrest warrant ...
Kyiv Independent (CA)
The Ukrainian embassy in Mexico on Aug. 7 asked the Mexican government to arrest Russian leader Vladimir Putin if he attends the inauguration of president-elect Claudia Sheinbaum. The embassy called Putin a war criminal and expressed gratitude to Mexico for inviting President Volodymyr Zelensky to the ceremony on Oct. 1. "We trust that the Mexican government will comply with the international arrest warrant and hand over the aforementioned (Putin) to the United Nations judicial body in The Hague," the embassy said. In March 2023, the International Criminal Court (ICC) issued an arrest warrant ...
Kyiv Independent (UK)
Washington (AFP) - A US judge on Wednesday dismissed a $10 billion lawsuit brought by the Mexican government against six gun manufacturers based in the United States that sought to hold them responsible for deaths from guns trafficked into Mexico. Judge Dennis Saylor dismissed the suit based on a lack of jurisdiction, ruling that the connections of the gun manufacturers to the state of Massachusetts, where the suit was brought, were not substantial. "As to those defendants, the connection of this matter to Massachusetts is gossamer-thin at best," Saylor's verdict read. Mexico tightly controls ...
AFP
Mexico City (AFP) - Mexico's President Andres Manuel Lopez Obrador said Tuesday that the United States had been in talks with Joaquin Guzman Lopez, son of drug lord "El Chapo," ahead of his detention alongside a sought-after cartel boss last month. Mystery has surrounded the detention of Guzman Lopez and the highly wanted co-founder of the Sinaloa Cartel Ismael "El Mayo" Zambada, who had both arrived on a private plane in Texas last month. Various US media reports have suggested "El Mayo" was duped by Guzman Lopez into getting aboard, or was ambushed and forced to do so. "What they (the Americ...
AFP
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