Mexico

Tense times ahead for Mexico

The Mexican economy has essentially been a two-part tale lately: oil and services. The oil sector has been reformed for the better during President Pena Nieto’s term. But the reforms have nevertheless been overwhelmed by the sheer extent of the oil price drop. It is weakening exports, reducing tax revenues and hurting growth to the extent that the sector now accounts for around 4% of GDP, much less than in the past.

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US, Mexico, Canada: joint-venture to host the richest World Cup in 2026

The football associations of the United States, Canada and Mexico have announced their intention to submit a joint bid to host the 2026 World Cup. The CONCACAF countries confirmed their plan to bring the tournament to North America at a press conference at One World Trade Centre in New York.

"Especially with what’s going on in the world today, we believe this is a hugely positive signal and symbol of what we can do together in unifying people," U.S. Soccer Federation President Sunil Gulati said at Monday’s bid launch, "especially in our three countries."
Gulati didn’t directly mention President Donald Trump in that particular remark, but the impact of the policies of the fledging administration on a World Cup bid involving feuding neighbors was a constant theme during the press conference.

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Fugitive former Mexican Governor caught in Italy

Mexican prosecutors say that Tomás Yarrington, the 59-year-old former governor of Mexico’s north-eastern state of Tamaulipas, had been wanted by authorities for nearly five years and has been detained by police in Florence, Italy, according to Mexico’s attorney-general’s office. He is expected to be extradited to Mexico within days. The attorney general’s office said Sunday that ex-Gov. Tomas Yarrington is accused in Mexico of money laundering and organized crime.

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Swiss company will build Trump’s wall? Maybe

At least 180 companies have already declared their interest in working with President Trump to build his proposed wall along the U.S. border with Mexico, just three days after the government announced the contract bidding process was open.

More companies will likely signal interest in competing for President Donald Trump’s massive border wall project, but 180 construction and engineering firms from across the U.S. registered to submit a bid for the contract as of Monday evening.

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Trump’s border wall could become a cheaper fence

President Trump wants a wall along the border with Mexico, CNN has been told by multiple sources within the agencies involved in building, paying for and enforcing this barrier.

President Trump has been looking at various blueprints with his advisers, a senior administration official told CNN. He could ultimately insist on a concrete wall stretching across the entire border, as he has promised. It would be a far bigger and a vastly more expensive project, and any plan would need to be sent to Congress for funding approval.

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Trump wants Mexican wall as soon as possible

President Donald Trump has proposed construction of a US-Mexican border wall and is expected to pause the flow of refugees to America as he launched broad but divisive plans to reshape US immigration and national security policy.

A draft executive order seen by Reuters that Trump is expected to sign in the coming days would block the entry of refugees from war-torn Syria and suspend the entry of any immigrants from Muslim-majority Middle Eastern and African countries Syria, Sudan, Somalia, Iraq, Iran, Libya and Yemen while permanent rules are studied.

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