AMLO Wants Citi’s Mexico Unit to Be Bought by Local Investors

01/14/2022

Source: Bloomberg

Mexico’s President Andres Manuel Lopez Obrador said he prefers Citigroup Inc.’s retail-banking operation in Mexico be bought by local investors, in his first public comments on what’s expected to be the country’s largest banking deal in years.

The president, who’s been avoiding in-person events since testing positive on Jan. 10 for Covid-19 for a second time, said in a video address that potential Mexican buyers included Banco Azteca SA’s Ricardo Salinas Pliego, Grupo Financiero Inbursa SAB’s Carlos Slim, and Grupo Financiero Banorte SAB de CV’s Carlos Hank Gonzalez.

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Omicron spikes, Mexican president calls it “a little COVID”

01/10/2022

Source: ABC News

MEXICO CITY — As coronavirus cases spike in Mexico and tests become scarce, President Andrés Manuel López Obrador told Mexicans Monday to just assume they had COVID-19 if they had symptoms.

The number of confirmed cases in Mexico spiked by 186% last week.

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After mixed signals, Mexico says it will attend Nicaragua inauguration

01/10/2022

Source: Reuters

Mexico’s government on Monday said it would send a representative to the inauguration of Nicaraguan President Daniel Ortega for his fourth consecutive term in office, after indicating a day earlier that it would not.

Ortega, who in November won an election which U.S. President Joe Biden described as a “pantomime” after the Nicaraguan government’s crackdown on the opposition and critical media, is due to be sworn in for his next term on Monday afternoon.

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Mexican president, ex-Labour leader Corbyn trade plaudits at news conference

01/04/2022

Source: Reuters

Mexican President Andres Manuel Lopez Obrador hosted former British Labour Party leader Jeremy Corbyn at his morning news conference on Monday, praising the veteran socialist and receiving warm words from the Englishman in return.

Lopez Obrador, a fellow leftist, has for several years maintained a friendship with Corbyn, who attended the news conference with Laura Alvarez, his Mexican wife.

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Statue of Mexico president in opposition stronghold toppled after two days

01/01/2022

Source: Reuters

A statue of Mexican President Andres Manuel Lopez Obrador that had been erected in an important opposition stronghold lasted just two days, the state prosecutor said, after photographs of the apparent vandalism were shared on social media.

The statue had been unveiled on Thursday by outgoing Mayor Roberto Tellez Monroy in the municipality of Atlacomulco in the central State of Mexico, the hometown of Lopez Obrador’s predecessor, Enrique Pena Nieto.

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Presidential referendum in Mexico becomes political football

12/28/2021

Source: AP News

A referendum allowing Mexicans to vote midterm on whether the president should remain in office has become a strange political football involving all three branches of government.

President Andrés Manuel López Obrador announced gleefully Monday that his supporters had collected 10 million signatures in favor of the referendum — several times more than is legally required — which could put his future at risk.

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Baja California, No. 2 most violent state, next in line for new security plan

12/08/2021

Source: Mexico News Daily

Guerrero got a new federal security plan in October, Zacatecas got one in November, and now Baja California is to become the third state in as many months to qualify for reinforced security efforts.

President López Obrador said Monday that he will travel to Tijuana – Mexico’s most violent city – on Saturday to address security issues in the northern border state, where more than 2,500 homicides were recorded in the first 10 months of the year.

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Human Rights Watch to US: ‘Don’t ignore Mexico’s human rights catastrophe’

Source: Mexico News Daily

The Americas director of Human Rights Watch (HRW) has excoriated President López Obrador in an op-ed published Saturday in The Los Angeles Times.

“Since his election in 2018, López Obrador has not only failed to improve the country’s disastrous human rights record, he has worked to undo many of the hard-fought gains in transparency and the rule of law that rights groups, activists and campaigners have achieved since the end of one-party rule in Mexico in 2000,” José Miguel Vivanco and HRW researcher Tyler Mattiace wrote.

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Mexico president reaches midterm with high approval rating

Source: Federal News Network

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador held a massive rally in Mexico City Wednesday to mark the midway point in his six-year term with polls showing that about two-thirds of Mexicans approve of the job he is doing.

López Obrador’s masterful use of televised news briefings, his folksy style and personal austerity have apparently won over Mexicans, despite a number of indicators suggesting the country isn’t doing so well.

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AMLO’s decree to shield megaprojects ‘an act of desperation’?

Source: Mexico News Daily

President López Obrador’s new decree that fast-tracks government infrastructure projects and protects them from scrutiny and legal challenges is part of “a cynical power grab” and possibly an “act of desperation,” according to an opinion piece published Monday by The Wall Street Journal.

The decree, published in the government’s official gazette last week, shields from scrutiny the construction of infrastructure projects in a wide range of sectors by declaring them pertinent to national security.

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