Mexico

Mexico set for energy shake-up as Sheinbaum rewrites the rules

Alek Buttermann October 21, 2024

Mexico’s energy landscape is set for a major transformation as President Claudia Sheinbaum’s government seeks to balance the power of state-controlled companies with the need for private investment.

Sheinbaum unveils $30bn social housing plan for Mexico

Alek Buttermann October 15, 2024

President Claudia Sheinbaum's government has launched an ambitious programme aimed at building one million social housing units, improving 450,000 existing homes, and regularising an additional million properties.

Hurricane Milton strikes Florida with less force than feared, still wreaks havoc

bne IntelliNews October 10, 2024

Hurricane Milton, the fifth storm to hit the Gulf Coast this year, made landfall along Florida's west-central coast on October 9 night as a Category 3 hurricane, unleashing a barrage of extreme weather conditions across the Sunshine State.

Hurricane Milton intensifies, threatens Florida after lashing Mexico

bne IntelliNews October 7, 2024

Hurricane Milton strengthened rapidly in the Gulf of Mexico on October 6, posing a growing threat to Florida's western coast after bringing heavy rains to Mexico, meteorologists warned.

Russian surveillance network in Nicaragua raises alarm

Alek Buttermann October 2, 2024

Recent reports have unveiled Nicaragua as a key hub for Russian espionage operations in Latin America. The nation hosts advanced surveillance systems, including the SORM-3 technology, enabling the interception of various communications.

Sheinbaum takes the helm of a disoriented Mexico after AMLO’s populist era

Alek Buttermann October 1, 2024

Claudia Sheinbaum has made history as Mexico’s first female president, stepping into a role shaped by her mentor, populist leftist Andrés Manuel López Obrador. Despite fears of continuity, her succession may look less seamless than many fear.

Hurricane John batters Mexico's Pacific coast, leaving devastation in its wake

bne IntelliNews September 24, 2024

Hurricane John, a rapidly intensifying storm that caught forecasters off guard, slammed into Mexico's southern Pacific coast late on September 23, claiming at least two lives and causing widespread destruction.

Latin American dignitaries urge UN to suspend Russia over Ukraine war

bne IntelliNews September 24, 2024

A group of prominent Latin American former foreign ministers and human rights advocates has urged António Guterres, the UN Secretary-General, to suspend Russia from the UN General Assembly over its actions in Ukraine.

US sounds alarm over Russia’s spy network expanding in Mexico

Alek Buttermann September 23, 2024

Recent reports from US intelligence officials suggest that the Kremlin has significantly expanded its diplomatic and intelligence personnel in Mexico City in a bid to boost its spying capabilities targeting Washington.

Mexico’s President-elect Sheinbaum turns down Zelensky’s invitation to Ukraine

Alek Buttermann September 19, 2024

Mexican President-elect Claudia Sheinbaum has declined an invitation from Ukrainian President Volodymyr Zelensky to visit Ukraine, reaffirming Mexico’s commitment to neutrality in international conflicts.

Mexico in turmoil as Senate approves contentious judicial overhaul

Alek Buttermann September 11, 2024

Mexico faces unrest as the Senate approved a judicial overhaul allowing popular elections for judges at all levels, spearheaded by outgoing President López Obrador. The reform passed on September 10 amid strong opposition and international criticism

AI will be a major source of GHGs by 2030, says Morgan Stanley

bne IntelliNews September 5, 2024

Energy ravenous AI data centres are set to become a major source of GHGs emissions by 2030 as the number of server farms needed to run the artificial intelligence services is set to expand exponentially over the next two and half decades.

BYD denies delay in Mexico plant amid US election speculation

Alek Buttermann September 5, 2024

China's top electric vehicle maker, BYD, has denied rumours that it has paused its plans to build a factory in Mexico.

US agents seize $5mn worth of meth disguised as watermelons at US-Mexico border

Alek Buttermann August 22, 2024

US Customs and Border Protection (CBP) officers have intercepted a truck carrying over $5mn worth of methamphetamine disguised as watermelons at the US-Mexico border.

Latin America trapped in low growth cycle, ECLAC warns

Marco Cacciati August 19, 2024

Latin America and the Caribbean are facing a "low economic growth trap" that threatens to stall progress across the region, according to a new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

IMF: Carbon emissions from AI and crypto are surging and tax policy can help

Shafik Hebous economist for the IMF, Nate Vernon-Lin economist for the IMF August 16, 2024

What do crypto assets and artificial intelligence have in common? Both are power hungry and that is increasing emissions.

US lab invents a Fremen-tech water harvester

bne IntelliNews August 13, 2024

An American lab has developed “Fremen-like” technology that can extract moisture from the air even in a desert.

Ukraine urges Mexico to arrest Putin if he attends Sheinbaum’s inauguration

bne IntelliNews August 8, 2024

Kyiv's embassy called on the Mexican government to detain Russian President Vladimir Putin should he travel to attend the presidential inauguration, citing last year's ICC warrant, as president-elect Sheinbaum prepares for historic swearing-in.

Global sea surface temperatures have surged

bne IntelliNews August 6, 2024

In the past 15 months, global sea surface temperatures have surged to unprecedented levels, fuelling heatwaves, and accelerated the melting of sea ice, alarming scientists and environmentalists alike.

Burning forests and reduced carbon uptake by plants failed to mitigate climate change in 2023

bne IntelliNews July 31, 2024

Forests and other land ecosystems failed to mitigate climate change in 2023, as severe drought in the Amazon rainforest and record wildfires in Canada hindered their natural capacity to absorb carbon dioxide.

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