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LatinNews Regional Monitor: Mexico - 01 November 2018

From LatinNews Daily
Development: On 31 October, Mexico’s supreme court (SCJN) ruled, by four votes to one, that the total prohibition of recreational consumption of marijuana is unconstitutional as it contravenes the fundamental right for an individual to freely develop their personality.... Read More
* Fitch Ratings, the international credit ratings agency, has downgraded its outlook on Mexico’s ‘BBB+’ credit rating from ‘stable’ to ‘negative’.... Read More
From Latin American Regional Report: Mexico & Nafta
The November edition of the Regional Report: Mexico & Nafta is the last one before President-elect Andrés Manuel López Obrador assumes office on 1 December.... Read More
Mexico’s President-elect Andrés Manuel López Obrador of the leftist Movimiento Regeneración Nacional (Morena) party on 9 October held a second meeting with the six governors of the northern border states to discuss his incoming administration’s plans to create a 30km-wide free economic zone (FEZ) along Mexico’s 3,201km-long border with the US.... Read More
Each year on 19 September in the morning schools and businesses in Mexico City follow an earthquake drill.... Read More
It has been described as the biggest corruption scandal – and largest bribery case – in world history.... Read More
An authoritarian government, thousands of protesters, and a seismic event whose effects are still being felt to this day.... Read More
On 5 December, the Movimiento Regeneración Nacional (Morena) party’s Claudia Sheinbaum Pardo will succeed Miguel Ángel Mancera to become the first woman elected as the Mexico City (CDMX) head of government – and the first to assume the role under the city’s new constitution, which has transformed the role into arguably the second-most important in Mexican politics.... Read More
Oil discovery: On 9 October Mexico’s state-owned oil firm, Pemex, announced the discovery of seven new hydrocarbon deposits in two offshore wells in the Gulf of Mexico, which have the potential to add more than 180m barrels of oil equivalent (MMBOE) of proven, probable, and possible (3P) reserves.... Read More

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