Latest Mexico City News

Grupo Televisa: Q4 Earnings Snapshot

Feb. 22, 2024 18:57 PM EST

MEXICO CITY (AP) — MEXICO CITY (AP) — Grupo Televisa SAB (TV) on Thursday reported a loss of $494.1 million in its fourth quarter. On a per-share basis, the Mexico City-based company said it had a loss of 88 cents. The media company posted revenue of $1.05 billion...

Mexico president denies report of allegations that close associates took drug money during campaign

Feb. 22, 2024 17:43 PM EST

MEXICO CITY (AP) — Mexico President Andrés Manuel López Obrador denied allegations contained in a U.S. media report published Thursday about a U.S. inquiry into accusations that people close to him took money from drug traffickers shortly before his 2018 election and again after he was...

Coca-Cola FEMSA: Q4 Earnings Snapshot

Feb. 22, 2024 09:43 AM EST

MEXICO CITY (AP) — MEXICO CITY (AP) — Coca-Cola FEMSA SAB (KOF) on Thursday reported net income of $307.6 million in its fourth quarter. The Mexico City-based company said it had net income of $1.46 per share. The bottling company posted revenue of $3.77 billion in...

Mexican police confirm grisly gang video showing bodies kicked, burned and shot

Feb. 21, 2024 12:18 PM EST

MEXICO CITY (AP) — Authorities in Mexico said Wednesday they have largely confirmed the contents of a grisly drug cartel video showing gunmen shooting, kicking and burning the corpses of their enemies. In a country where videos of decapitations and executions have appeared on...

2 people are dead and 1 is missing in climbing accident on Mexico's highest peak

Feb. 21, 2024 12:14 PM EST

MEXICO CITY (AP) — Two people died and another remains missing on Mexico’s Pico de Orizaba, the highest mountain in the country, authorities said Wednesday. Authorities in the central state of Puebla said late Tuesday that rescuers had found the body of a guide who was leading an...

Mexico's army takes over yet another civilian role — filling potholes

Feb. 20, 2024 21:20 PM EST

MEXICO CITY (AP) — Mexico’s president acknowledged Tuesday that the armed forces have taken over yet another civilian role: fixing the nation’s highways. Filling potholes has now been added to a long list of projects ranging from planes, trains and policing that the armed...

Tens of thousands rail against Mexico's president and ruling party in 'march for democracy'

Feb. 18, 2024 22:26 PM EST

MEXICO CITY (AP) — Tens of thousands of demonstrators cloaked in pink marched through cities in Mexico and abroad on Sunday in what they called a “march for democracy” targeting the country's ruling party in advance of the country's June 2 elections. The demonstrations called...

Mexican regulators recommend that Amazon wall off Prime TV, reveal its algorithms and open delivery

Feb. 16, 2024 21:03 PM EST

MEXICO CITY (AP) — Mexican regulators have recommended that online retailers Amazon and Mercado Libre reveal their algorithms and wall off TV streaming to avoid stifling competition. Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a...

Mexico will likely elect a woman as its next president, but money to govern is already being spent

Feb. 16, 2024 00:12 AM EST

MEXICO CITY (AP) — Mexico is almost certain to elect its first female president in June — both leading candidates are women — but it’s almost equally as certain that she won’t have much room to act independently of outgoing President Andrés Manuel López Obrador. The...

Truckers block Mexican highways to protest violent robberies

Feb. 15, 2024 15:51 PM EST

MEXICO CITY (AP) — Truckers staged protests on busy highways outside of Mexico City on Thursday to protest the wave of killings of drivers during highway robberies. Trucks either drove very slowly or blocked some lanes of traffic. The protest was organized by the Mexican Alliance...