Human trafficking and smuggling, financial fraud, drug sales, piracy trade and extortion. In a global list of “criminal markets” made up of 193 countries, Mexico comes out on top, exposing the extent that criminal groups have in the second largest economy in Latin America. According to the Global Initiative against Transnational Organized Crime (GI-TOC), the […]
BBB Foods Inc. seeks a US$400 million in US IPO
BBB Foods Inc., the operator of a discount retailer in Mexico, is looking to raise more than US$400 million in a US initial public offering, the company said. The holding firm that conducts business through its main subsidiary Tiendas 3B, is planning to sell 28 million shares at between $14.50 and $16.50 each, according to […]
Remittances grew by 7.6% in 2023, for a total record of US$63 billion
The amount of money that Mexican migrants send home to their relatives grew by 7.6% in 2023, to reach a record $63.3 billion for the year, Mexico’s central bank said Thursday. The money transfers, known as remittances, have been booming since the coronavirus pandemic, but the rate of growth continued to cool somewhat in 2023. […]
Dangerous levels of water shortages in Mexico City
Mexico City residents are protesting dangerous levels of water shortages in Latin America’s second-biggest city caused by a drought gripping half of the country, as well as outdated infrastructure, Reuters reported. Nations across Latin America are grappling with the twin impacts of climate change and El Niño. Mexico City could run out of water by […]
Sinaloa Cartel financed AMLO’s political campaign in 2006
According to an investigation carried out between 2010 and 2011 by the US Department of Justice, the Sinaloa Cartel contributed between 2 and 4 million dollars to the campaign of Andrés Manuel López Obrador in 2006. An investigation carried out between 2010 and 2011 by the United States Attorney’s Office of the Southern District of […]
More than 100 countries demand Mexico at the UN for violence and violation of human rights
More than a hundred countries that participated in the Universal Periodic Review (UPR) of Mexico at the UN Human Rights Council urged the Mexican state to redouble its efforts, more investigation, implement improvements and greater accountability in matters of enforced disappearance, murders of journalists and defenders, violence against women and the situation of migrants. Countries […]
Biden asked Congress to approve immigration reform to close the border with Mexico when it is “collapsed”
The US president assured that the bill, the result of months of negotiations between conservative lawmakers and officials of his government, contains “the toughest and fairest reforms” to guarantee security The president of the United States, Joe Biden, urged the Republicans in Congress on Friday to approve a bipartisan immigration control bill that would give […]
Brother, you are already Mexican! The number of migrants who want to stay in Mexico grows
44 percent of the migrants who pass through our country see Mexico as a destination country to start over. The proportion of migrants who want to settle in Mexico increased by 24 percent between August and October last year, according to surveys conducted by the International Organization for Migration (IOM) in the city of Tapachula, […]
Mexican “Searching Mothers” are now using drones to locate human remains in Jalisco
Maria Aguilar has been searching for her son for over a decade. She, like thousands of Mexicans whose loved ones are missing, has spent countless days scanning vast tracts of barren land for clues, in the hope of finding his remains. Now Aguilar and the “missing persons” collective she founded will be armed in their […]
Guerrero boys forced to take up arms after kidnappings in their village
A volunteer police force in rural Mexico that says it has been overwhelmed by local kidnappings has recruited schoolchildren as young as 12 to join its ranks, the latest sign of how some parts of the country are struggling to cope with organized crime. Armed with rifles and sticks, and with their faces covered, boys […]