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Here’s what we know about Angelina Jolie and Salma Hayek’s meeting with the governor of Veracruz

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A photo of Angelina Jolie in an airport and another blurry image of Salma Hayek leaving the airport.
Jolie and Hayek were spotted arriving in Veracruz city on Wednesday, accompanied by members of the state government. (Screenshot/X)

The presence of international film stars Salma Hayek and Angelina Jolie caused a stir in Veracruz on Wednesday, though the reason for their appearance has yet to be disclosed.

The co-stars of “Eternals” (a 2021 Marvel Studios superhero film) had earlier been spotted in Mexico City’s Benito Juárez International Airport as they prepared to board the flight to Veracruz.

Hayek, a native of Veracruz, and Jolie arrived in Veracruz on a commercial flight and were met at the Heriberto Jara Corona International Airport by Xóchitl Molina, the state’s minister of culture, and members of the Tourism Ministry.

Their arrival was immediately made public after a video of the celebrities being greeted by Molina was posted on social media.

Molina accompanied the actresses to a hotel in Boca del Río, a tony municipality just south of the port of Veracruz.

Adding to the mystery, a few hours later Veracruz Governor Rocío Nahle paid a visit to Hayek and Jolie. As she was leaving the hotel, Nahle declined to share any details with reporters who had gathered outside the lobby, saying “Veracruz is fashionable nowadays.”

In a video of the impromptu inteview shared on X, Nahle ignored questions about the possibility of Hayek and Jolie making a film in Veracruz, simply saying, “I only stopped by to say hello.”

Last year, Hayek starred alongside Mexican actor Demián Bichir in “Without Blood,” a war drama film written and directed by Jolie.

Hayek, 58, was born in Coatzacoalcos, Veracruz, about 300 kilometers southeast of Boca del Río. Her family still maintains business interests in the region.

With reports from La Jornada, Milenio and Infobae

As Trump threatens tariffs, Sheinbaum and Canada PM Mark Carney strategize to strengthen collaboration

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Two photos, one of Mexico president claudia sheinbaum and the other of Canada Prime Minister Mark Carney
Canadian Prime Minister Mark Carney has accepted an invitation to Mexico, President Sheinbaum said. (Cuartoscuro, Mark Carney/X)

President Claudia Sheinbaum said she and Canadian Prime Minister Mark Carney have agreed to strengthen trade collaboration, particularly in light of the tariffs from U.S. President Donald Trump set to go into effect on Aug. 1.

“We agreed that the U.S.-Canada-Mexico trade agreement (USMCA) must be respected,” Sheinbaum said in her Wednesday morning press conference, adding that she and Carney spoke on Tuesday about negotiating strategies with the Trump administration ahead of the tariff deadline.

Sheinbaum also said Carney had accepted an invitation to visit Mexico, but a date had yet to be set.

The Canadian government also issued a statement confirming Carney’s chat with Sheinbaum, saying the leaders “agreed to remain in close contact and continue working closely together.”

“The Prime Minister and the President discussed how to strengthen the Canadian and Mexican economies and enhance their global competitiveness, building on [last month’s] productive meeting at the G7 Summit in Kananaskis,” the statement read.

In a social media post, Sheinbaum mentioned that Carney also expressed his gratitude for the more than 200 Mexican firefighters who travelled to the province of Manitoba “to assist Canadians at this critical time.” Canada is presently fighting more than 400 wildfires, nearly 300 of which are burning in Manitoba.

The two leaders also shared their impressions of the letter each received from Trump in which he announced the new tariffs, a 30% tariff on Mexican imports and a 35% tariff on Canadian goods.

According to El Financiero newspaper, Carney said Canada will focus on ensuring a strong domestic economy as negotiations with the United States intensify. For her part, Sheinbaum said she is confident a trade deal can be reached with the U.S. before the tariffs take effect.

Mexico and Canada avoided most of the reciprocal tariffs Trump imposed in April as imports in compliance with the USMCA were declared exempt for the tariffs.

Also Thursday, Sheinbaum said she met recently with business leaders, including billionaire Carlos Slim, whose family controls firms telecoms giant América Móvil and conglomerate Grupo Carso, along with representatives from breadmaker Bimbo and steelmakers, regarding the August tariffs.

“One of the things I asked them was, ‘Why don’t we lay out, in black and white, the investments you have planned in the United States?’ so they can take part in these negotiations,” she said.

Sheinbaum said there is good communication and coordination with the private sector and with counterparts in Canada and the United States, adding that more details on new investments will be announced in the coming days.

With reports from El Economista, El Universal, Reuters, Milenio and La Jornada

Mexican authorities slam Uber’s price hike: ‘Unilateral and irresponsible’

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cell phone with Uber
Uber's annunced price increase is up to 7%, with the varying percentage depending on the service provided and the location of the transaction. (Shutterstock)

Mexico’s Labor Ministry (STPS) and Federal Consumer Protection Agency (Profeco) have strongly objected to Uber México’s recently announced countrywide fare increase of up to 7%. 

In a statement, the STPS called the price hike unfounded and lacking compliance with existing labor agreements for digital platform employees. 

uber eats motorcycle rider
Recent labor reforms have granted app workers extended employee rights, which Uber says has made a price rise necessary. (Victoria Valtierra/Cuartoscuro.com)

“The Ministry of Labor strongly condemns the unilateral and irresponsible fare increase announced by Uber, of up to 7%, citing, without any basis, costs associated with labor reform for digital platforms,” the statement reads.

Meanwhile, Uber Mexico insisted that the fare increase is not for corporate benefit. but rather the result of a “necessary” update in the pricing structure in response to new developments, especially recently enacted labor reforms aimed at gig workers. 

“We’ve implemented a necessary update to the pricing structure of trips, increasing by up to 7%, depending on the type of product and city, through the Uber app,” Uber México said in a press release. “It seeks to protect our driver partners’ current earnings and ensure the viability of the platform.”

The labor reform mentioned by Uber took effect in June 2025 and specifically targets workers employed by digital platforms like Uber, Rappi and Didi, among others. It recognizes for the first time their work as formal employment, extending to them labor rights established by Mexican law.

The pilot program requires companies to deduct 2.5% of the monthly income of drivers earning at least the minimum wage — 8,364 pesos per month (US $445) — to provide them employee benefits.

In addition, the Social Security Pilot Program, launched on July 1, allows those workers to register for IMSS benefits.

Uber said it will continue to engage in dialogue with the Mexican government to ensure that adjustments necessitated by the reforms are equitable for all parties involved.

For consumers, the practical effect of the price rise will vary from location to location. Those in areas with the full 7% who have paid 100 pesos every weekday to take an Uber to work and back will pay 535 a week instead of 500.

As of Thursday morning, the date that the new prices will take effect has not been announced.

With reports from Xataka, El Universal and Merca20

Bimbo announces US $2 billion investment in 7 Mexican states

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7 men and women standing on a stage
Grupo Bimbo Director General José Manuel González Guzmán (center) announced the major investment Thursday at President Sheinbaum's morning press conference. (Daniel Augusto/Cuartoscuro)

Mexican breadmaker Grupo Bimbo on Thursday announced plans to invest US $2 billion in seven states over the next three years, generating 2,000 jobs.

The investment will go toward strengthening Bimbo’s infrastructure, according to José Manuel González, president and director general of Bimbo México, who made the announcement during President Claudia Sheinbaum’s morning press conference.

The seven states that will benefit are Baja California, Yucatán, Nuevo León, Querétaro, Puebla, México state and Mexico City (which is a federal entity with legal standing similar to a state).

González said that in addition to the 2,000 direct jobs, the funding could result in an additional 10,800 indirect jobs. Since its founding in December 1945, Bimbo has created 80,000 jobs in Mexico, with another 460,000 jobs linked indirectly to the breadmaker’s operations.

“We will be celebrating our 80th anniversary this year,” González said, “and we have learned that when Mexicans work together we always make progress.”

González said the investment’s primary objectives are to increase productive and technological capacity, while also improving Bimbo’s research and development divisions.

The funds will boost the company’s sustainability model by modernizing its fleet of electric delivery vehicles and by creating more environmentally friendly packaging for its products. At least 30 factories will be modernized as well.

The Bimbo executive said the development project dovetails with Sheinbaum’s ambitious Plan México, which aims to align private investment with social development and sustainability as it reduces imports and boosts domestic production.

Sheinbaum applauded the Bimbo announcement, saying the investment demonstrates “confidence in our country among national and foreign businesspeople.”

“This is extremely important because it provides certainty for investors and serves to attract other domestic and foreign investments,” Sheinbaum said.

Bimbo will continue to work closely with Mexican farmers, González said. The breadmaker currently acquires 97% of the ingredients needed for its products from domestic sources.

“This investment demonstrates Bimbo’s commitment to the well-being of [Mexico’s] progress,” González said, adding that the company will continue to support government initiatives such as the anti-inflation package aimed at alleviating the prices of consumer goods and the Water Security and Sustainability Agreement.

When asked about the possible effects of U.S. tariffs on Mexican imports that are set to go into effect on August 1, González said he expects the impact will be minimal.

“We don’t believe we will be affected if tariffs are imposed,” González said. 

Bimbo has been exporting its products to the United States for more than 20 years. The U.S. and Canada are Grupo Bimbo’s primary export markets, accounting for nearly 50% of its sales.

By a sad coincidence, the announcement came on the same day of the passing at age 97 of  Bimbo co-founder Roberto Servitje, a key contributor to the company’s growth over the decades.

With reports from El Economista, Forbes, La Jornada and Expansión

The ‘golden cage’ of San Miguel de Allende: A local perspective on gentrification in the world’s best city

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San Miguel de Allende is the best city in the world, apparently. The title has made it a magnet for the wealthy, and for those of us who grew up here, continuing to live in the city is almost impossible. (María Ruiz)

After the July 4 anti-gentrification march in Mexico City, gentrification is on everyone’s mind. In Mexico News Daily, Sarah DeVries spoke about this controversial topic as a U.S. citizen. María Meléndez took up the subject as a Mexican born in Mexico City. Now, it’s my turn to speak as a Mexican born and raised in San Miguel de Allende, a city that has perhaps seen more aggressive and rapid gentrification than anywhere else in the country. I have lived here for more than 30 years, my parents are from here, and I went to local public schools in the center of town. I love my city. 

I have mixed feelings about the foreign community living in the city. On one hand, I believe that having foreigners live in San Miguel has enriched the community enormously. But I also feel deep sadness at not being able to imagine the house of my dreams in San Miguel because the costs are extremely high. So are food, services and other products that you  find cheaper elsewhere. In some ways, living in San Miguel is like living in a golden cage. 

The beauty and unique charm of San Miguel has made thousands of foreigners of different nationalities decide to make this city their home. (María Ruiz)

Gentrification in San Miguel has pros and cons alike. Let’s delve into them.

The negative

Displacement of traditions

Those of us who live in San Miguel know the tradition of Friday of Sorrows, the Friday before Holy Week, when owners of San Miguel’s houses open their doors to the public, set up an altar dedicated to the Virgin of Sorrows and give visitors flavored water, popsicles and ice cream. But every year, I have watched as fewer and fewer houses set up their altars downtown. 

The typical altars I remember from my childhood have gradually disappeared. Why? Because San Miguel natives no longer live downtown. The people who live there now are foreigners who do not participate in these traditions. San Miguel natives, displaced to neighborhoods and areas farther from the center, have taken the city’s classic traditions with them.

Racism from Mexicans towards Mexicans

Although foreigners are not to blame for this, but rather the Mexican mentality of inferiority, I have witnessed countless times racism or bad treatment of Mexicans by other Mexicans, and the preference some have for foreigners, especially in restaurants where they prefer to serve foreigners rather than their own people. Sometimes I feel that some Mexicans perceive ourselves as second-class and that foreigners are at a higher level — perhaps because the idea of a caste system is still deeply rooted in our subconscious.

Exorbitant housing prices

This is what annoys me most about how beautiful and popular San Miguel is: housing prices have skyrocketed. Outside real estate offices, it’s normal to see house listings priced in millions of dollars. It’s unthinkable to imagine that, with my Mexican salary, I could afford a house in the city I grew up in. The saddest part of this reality is that those houses once belonged to the grandparents of someone I know. It was once normal to go to your aunt’s house two blocks away, but now most people living downtown are foreigners, and San Miguel natives are increasingly displaced to small, expensive homes on the city’s outskirts. All I ask of the government and developers is to create nice, nearby, and affordable subdivisions for San Miguel’s middle class.

Foreigners who do not adapt

San Miguel is a city full of festivities: fireworks here, noise there, music and dancing everywhere, especially during the feast of Saint Michael, the famous Alborada. Many foreigners enjoy and take part in this excitement, but others don’t adapt and complain about the noise. Without its fiestas, San Miguel would lose its identity and essence. Rather than complain, I think foreigners who decide to live in San Miguel should learn why there is that noise and the meaning of the festivals.

No matter the time of the year, in San Miguel there is always fiesta and merriment. (María Ruiz)

Along the same lines, some people have not adapted to Mexican culture. Many expect things to be done exactly — or very similarly — as in their home countries, but Mexico is a completely different country from the U.S. or the countries of Europe when it comes to bureaucracy. I’m not saying I love it; there are many things I wish were different, but you can’t get upset because things aren’t done exactly how you expect. Mexico teaches you patience, enjoying the journey, and slowing down. My recommendation is that before deciding to live in Mexico, you get to know it and accept it — with all its positives and negatives.

“Se habla español”

Since I was a child, I wondered, why do Mexicans have to learn English to communicate with foreigners in our country if we live in Mexico and speak Spanish? Speaking English opens doors worldwide and because it is the lingua franca of our times, but it strikes me that we as Mexicans make a great effort to communicate with foreigners in English, and even feel ashamed if we don’t speak it well, while a percentage of foreigners living in San Miguel don’t even make the minimum effort to learn Spanish — and instead get upset and frustrated if you don’t speak English to understand them. Friends, the least you can do if you are in this country is to learn some basic Spanish to communicate with your neighbor or market vendors. With MND Tutor, you can learn easily and in a fun way. I’m sure that by learning Spanish you will discover a new and interesting worldview.

There are also positive aspects of foreigners concentrating in San Miguel, and this community has made important contributions to the city.

The positive

Rentals and businesses benefit from foreigners

On the one hand, I complain about the high housing prices, but on the other, I see that the sale and rental of houses have benefited hundreds of San Miguel natives, including my family, which has rented a house to Americans for more than 20 years and thanks to that rent, my three siblings and I were able to cover university expenses. Those who invest in restaurants, hotels, rent their houses, offer their services have benefited from the arrival of foreigners to the city and helped the economy move.

New festivals

Some traditions have been displaced, like Friday of Sorrows, but others are born from the union of Mexicans and foreigners, like the GIFF film festival, initiated by Sarah Hoch, a foreigner residing in San Miguel. I have practically grown up with this festival, and since I was little, I remember the excitement of watching open-air films. Participating in this festival allowed me to meet film directors from other countries at El Gato Negro — a famous bar in San Miguel — watch short films and feature films that inspired me to create art as well, and discover very interesting projects. There are also music festivals like Jazz & Blues, the Chamber Music Festival, Opera San Miguel, organized by foreigners or Mexicans from other parts of Mexico, enriching those who enjoy them.

Newcomers promote arts and culture

The city owes a lot to the post-war U.S. artist who called it home. Those days were a far cry from the ultra-luxury city I live in today. (María Ruiz)

As I mentioned before, San Miguel has benefited from foreigners living here by having various festivals, but not only that — it has become an art mecca. This city attracts many artists, some more well-known than others, such as Joy Laville, an English artist, Leonora Carrington, Leonard and Reva Brooks, and Mexican artists like Rufino Tamayo, David Alfaro Siqueiros, and Diego Rivera. What city in the world can boast of having seen such figures pass through at different times? It is very inspiring to see galleries everywhere, streets with beautiful murals, and cultural events everywhere.

The generosity of foreigners crosses borders

The vast majority of foreign residents in San Miguel are retired Americans and Canadians who come to Mexico for a second lease on life. With enough time and resources, they have created dozens of nonprofit organizations that help those in need, such as Patronato Pro Niños, which offers medical, dental, and psychological services to low-income children. Or the Special Education School of San Miguel de Allende (EEESMA), which provides quality education to children with hearing problems.

Recently, I met Dr. Billy Williams from Kids First Orthopaedics, and I was moved to hear what he does for children born with orthopedic problems. A group of volunteer doctors comes twice a year from the United States to treat and operate on children born with malformations, transforming their lives forever.

Every year, volunteers from across the world give up their time and help to make San Miguel a better place for everyone to live. (Kids First Orthopaedics)

The Biblioteca Pública A.C. is another clear example of foreigners supporting the San Miguel community. Helen Wale, a foreign resident of San Miguel, found that the city needed a library, so she decided to found one. This library has operated for over 70 years with the help of foreign and Mexican volunteers who give their time, money and effort to keep it running. And it isn’t just a library—it also offers art workshops, English classes, scholarships for youth and children, and many recreational activities.

San Miguel’s prominence as an arts center has much to do with the fact that in the 20th century, the American Stirling Dickinson promoted art in San Miguel together with Felipe Cossio del Pomar, a Peruvian. Simply put, the city would not be the same without the collaboration of all these foreigners and many others who have been part of the city’s history.

Mexico News Daily

I have a job thanks to foreigners in San Miguel. Travis and Tamanna Bembenek decided to come here and invest in a newspaper whose mission is to show how incredible Mexico is. Without these foreigners, I probably wouldn’t be enjoying life with my family here; I would instead be in a big city as part of my career. It is an honor for me to be part of this project that highlights the most beautiful aspects of Mexico, teaching that Mexico is not just violence and drugs but culture, tradition, good people, investments, joy, family, unity, gastronomy, and many things that make me proud to be Mexican.

Without a doubt, San Miguel de Allende is what it is thanks to its people. Mexicans from Mexico City, Monterrey, Guadalajara, Querétaro and León. Foreigners from the United States, Canada, Spain, England, China and Germany. We all make this small place the best city in the world. Everyone is welcome — you just have to open your eyes and connect with the city that hosts you.

María Ruiz is the Director of Digital Marketing at Mexico News Daily. She enjoys photographing her hometown of San Miguel de Allende in her spare time.

The ruins of Palenque: Put it on your bucket list

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Palenque ruins
The Pueblo Mágico of Palenque, Chiapas, lies next to the breathtaking Palenque National Park and its archaeological zone. (Bel Woodhouse)

As a huge nature lover, I’d been looking forward to visiting the Pueblo Mágico of Palenque, Chiapas, for the first time. That wasn’t just to take it off my scratch map of Magical Towns: I’d long heard of Palenque’s natural beauty, and I wasn’t disappointed. Vibrant, green mountains, lush tropical rainforest, trees laden with bromeliads and huge exotic flowers were everywhere. 

My friend and I got into town at night, and I was a little disappointed that we arrived at that time. Let’s face it: It’s hard to see mountains in the dark. But walking up the colorful streets with friendly people saying good morning was delightful.

Palenque monumental letters in the middle of a downtown park.
Palenque is world-renowned for its ancient Maya archaeological ruins just outside the municipality. But it’s also one of Mexico’s picturesque Magical Towns. (Bel Woodhouse)

“People are so nice here,” my friend said, grinning as we explored the town.

I’ll have to say I agree: Smiles, a tilt of the head and waves were freely given from nearly everyone we passed, making us feel welcome and relaxed.

While exploring around town was great, I was dying to get out to the ruins, Palenque’s most famous attraction. They’re about 10 minutes out of town in Palenque National Park, so we grabbed a taxi.

Our driver was lovely and laid-back and took us to see a bunch of stuff on the way, free of charge, and driving through the dappled light of huge overhanging trees was magical. Emerald greens shining in the sun, mixed with deeper jungle tones. Splashes of vibrant color jumped out, showing the wealth of biodiversity and glorious flowers as we passed. Palenque really is a paradise.

Then we arrived at the ruins.

The Palenque Archaeological Zone

Maya temple in Palenque
The Palenque archeological zone is surrounded by jungle, but the grounds themselves are immaculately kept. (Gobierno de México)

The Zona Arqueológica de Palenque is amazing, and I’m not just saying that because my rose-colored travel glasses haven’t fallen off yet. I’ve been to a lot of Maya ruins, covering the entire range of the ancient Maya civilization — from the Yucatán Peninsula in the north, down through Belize and Guatemala, and to Copán in Honduras. 

So, how does Palenque rate? It’s up there in my favorites. It’s one-hundred-percent worth the visit, and not just for the ruins themselves but for the national park they’re situated in. Well-established walkways make it easy to get around, even for a stumbly bumbler like me, who’s usually so busy gawking, I end up falling over something. You can climb the ruins for amazing photography. 

But best of all, we went inside one of the pyramids! A first for me.

It’s an amazing experience to climb the stairs to go inside and see the Tomb of the Red Queen, getting a new appreciation for the construction, culture and craftsmanship that went into building these amazing structures. You can enjoy a bird’s-eye view from atop one pyramid, then climb into the next. You’ll get amazing photos either way.

Palenque National Park

Parque Nacional Palenque, the 4,400-square-acre national park surrounding the ruins, is one of the most naturally stunning places I’ve been in a long time. 

Trickling rainforest streams widened and turned into waterfalls. I had to crane my neck back to take in the whole view of massive tree trunks, centuries old, covered with bromeliads and happy red-and-yellow spikes of flowers. Vines and lianas sprawled lazily from tree to tree like nature’s lattice.

I could have stood there all day listening to the sound of the stream and smelling the earth, all the while enjoying birdsong overhead — too many to identify, but all with a sweet, distinct song. It’s a wonder of biodiversity. So don’t forget to stop for a moment and look around.

Blue-tailed skinks ran through the leaf litter. A shining pumpkin-and-honeycomb-colored pale daggerwing butterfly landed at my feet, sending me into a photographer’s frenzy. I jumped around like a crazy lady until I got a shot of its open wings, much to my friend’s delight as she giggled from her shady perch under a massive rain tree.

Looking around, meter-long parrot’s beak flowers hung toward the ground in a tower of scarlet and yellow, while foot-long spikes of magenta ginger flowers reached for the sky. Both were being visited by tiny, stingless native bees.

Pale daggerwing butterfly on the ground.
A pale daggerwing butterfly is just one example of the stunning biodiversity to be seen at Palenque National Park. (Bel Woodhouse)

When I call Palenque National Park a paradise, I’m not joking. Immaculately kept grounds, wide perfectly mowed lawns and flat pathways make for easy walking. I can see why over half a million people flock here every year to drink in Palenque’s beauty. 

My takeaways from Palenque

Palenque is full of wonderful, friendly people. They are proud of their town’s natural beauty, their Pueblo Mágico (Magical Town) status and their Mayan heritage. We loved it all. We felt safe walking the streets and roaming the ruins. 

I plan on returning soon. It’s easy to get there now with the new Maya Train running from my state of Quintana Roo in the east, over to Chiapas in the west.

Mexico Correspondent for International Living, Bel is an experienced writer, author, photographer and videographer with 500+ articles published both in print and across digital platforms. Living in the Mexican Caribbean for over seven years now, she’s in love with Mexico and has no plans to go anywhere anytime soon.

Mexico fines US-sanctioned banks US $10M for compliance failures

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President of the CNBV
The president of the National Banking and Securities Commission (CNBV), Jesús de la Fuente Rodriguez. (Mario Jasso/Cuartoscuro)

Mexican regulator, the National Banking and Securities Commission (CNBV), fined CIBanco, Intercam and brokerage firm Vector on Tuesday after the U.S. announced sanctions on the three financial institutions for alleged money laundering in June.

CNBV fined the three firms a total of 185 million pesos (US $9.8 million), due to “non-compliance in administrative processes,” Mexico’s Finance Ministry said in a press statement on Tuesday. 

Intercam was fined 92.15 million pesos ($4.9 million), CIBanco 66.61 million pesos ($3.55 million) and Vector 26.46 million pesos ($1.4 million). 

The Finance Ministry reiterated that despite the announced U.S. sanctions on CIBanco, Intercam and Vector, no evidence of wrongdoing has been forthcoming.

“If we have conclusive information that proves illicit activities of these three financial institutions, we will act with the full force of the law,” the ministry’s press statement read. “However, to date, we have no such information.” 

Most of the fines on Intercam and CIBanco were related to money-laundering prevention, while Vector faced fines for failure to publish mandatory information.  

The fines reportedly corresponded to June, when the CNBV took control of the three financial institutions. 

CIBanco, Intercam and Vector win temporary reprieve from US money laundering sanctions

On June 25, the U.S. prohibited the execution of fund transfers to and from Mexico’s CIBanco, Intercam and Vector after they were found to have laundered money in connection with illicit opioid trafficking by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). All three have denied FinCEN’s allegations of money laundering.

An estimated 30% to 40% of clients with significant funds in the affected financial institutions had alternative bank accounts and withdrew their funds in the first two days after the FinCEN accusation, according to CNBV’s vice-president José Antonio Quesada. 

On July 9, FinCEN announced that CIBanco, Intercam and Vector would have an additional 45 days, until September 4, to meet certain standards before receiving sanctions. 

“It is very difficult to see what future these institutions may have if the sanction issue is not resolved quickly, and from experience, I can say that these things are not resolved quickly,” Victor Manuel Herrera, the president of the National Committee for Economic Studies of the Mexican Institute of Finance Executives (IMEF), said in a press conference.  

With reports from Reuters and El Financiero

Mexico’s gas production falls short as US imports surge to record levels

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natural gas pipe
Mexico uses natural gas for most of its electircity generation, and most of that gas is imported from the United States. (Shutterstock)

Mexico’s imports of natural gas from the United States continue to rise year over year, increasing by 2.7% over the first four months of 2025 to a record high of 6.261 billion cubic feet per day, according to U.S. Energy Information Administration figures. 

At the same time, gas production by the highly indebted state-owned Petróleos Mexicanos (Pemex) decreased 6.3% year-on-year to 3.534 billion cubic feet per day (Bcf/d) from January to May 2025, marking a second year of decline.

three women in front of gasworks
President Sheinbaum, seen here with Energy Minister Luz Elena González Escobar and Federal Electricity Commission (CFE) Director Emilia Calleja, wants domestic gas production to reach 5 Bcf/d by 2030. (@EmiliaCalleja/on X)

Mexico is the main buyer of U.S. natural gas and U.S. exports of natural gas to Mexico have risen every year since 2011, except in 2022. 

Those increases, along with the dip in domestic production, have prompted worries that Mexico is ever more vulnerable to the aggressive trade policies of U.S. President Donald Trump. Mexico uses gas to produce around 60% of its electricity, so its heavy dependence on U.S. gas has left experts worried that Trump may weaponize gas exports to put greater pressure on Mexican President Claudia Sheinbaum. 

“An interruption of the flow of gas to Mexico would be beyond chaotic,” W. Schreiner Parker, managing director for Latin America at the energy intelligence firm Rystad Energy, told The New York Times. “It’s truly one of the unspoken reasons why Sheinbaum has been so accommodating to Trump.” 

In 2024, imported natural gas, mostly from the United States, contributed 74.6% of Mexico’s demand, at an average of 8.7 Bcf/d, according to data from the Mexican Energy Ministry. This is almost 35% higher than the 2014 average. 

Average domestic gas production through May was 15% below the 4.163 Bcf/d goal outlined by President Sheinbaum in November 2024, when she presented the National Strategy for the Hydrocarbons and Natural Gas Sector.

The top 3 challenges facing Mexico’s energy sector: An interview with the Institute of the Americas

Sheinbaum’s energy policy pursues production of over 4.7 Bcf/d of gas starting in 2027 and reaching 5 Bcf/d by 2030. Those goals appear increasingly unlikely as Pemex’s oil fields mature, drilling equipment becomes outdated and service providers delay projects over non-payment. 

Long-term, Mexico could invest in new domestic unconventional gas reserves, which could take several years and a significant investment. Or it could diversify its energy mix through renewable energy expansion, something Sheinbaum’s predecessor refused to do.   

With reports from El Economista, The New York Times, Energy Magazine, Reuters and Oilprice

Lake Pátzcuaro’s fishermen answer call to rescue the achoque, the axolotl’s endangered cousin

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The achoque is a critically endangered salamander that’s the cousin of the famous axolotl.
The achoque is a critically endangered salamander that’s the cousin of the famous axolotl. (Juan José Estrada/Cuartoscuro)

Local fishermen and scientists in the central state of Michoacán are mounting an urgent effort to save the achoque, a critically endangered salamander that’s the cousin of the famous axolotl.

Recognized by their lion-like gills, achoques have remarkable regenerative powers and a cultural significance that have captivated both the public and the scientific community.

The achoque, similar to the axolotl, has been used since pre-Columbian times as both food and a folk remedy for respiratory illness.
The achoque, similar to the axolotl, has been used since pre-Columbian times as both food and a folk remedy for respiratory illness. (Juan José Estrada/Cuartoscuro)

Froylán Correa, who spent decades harvesting fish from the high-altitude waters of Michoacán’s Lake Pátzcuaro, now dedicates himself to collecting amphibian eggs as part of a collaborative project to keep the achoque from vanishing forever.

“There used to be a lot of achoques,” Correa recalled. “Nowadays, the new generation doesn’t even know about them.”

The achoque is endemic to Lake Pátzcuaro, about 50 kilometers southwest of the state capital, Morelia.

However, overfishing, pollution and dwindling water levels at Lake Pátzcuaro have pushed the species onto the International Union for Conservation of Nature’s Red List of Threatened Species, with approximately 80 to 100 individuals estimated to survive in a narrow zone of the lake.

That’s “much lower than it was 40 years ago,” said Luis Escalera, a biologist at the nearly 500-year-old Michoacán University of San Nicolás de Hidalgo (UMSNH).

Researchers attribute the amphibian’s rapid decline to habitat loss and local traditions, as the salamander has been used since pre-Columbian times as both food and a folk remedy for respiratory illness.

Biologists, led by Rodolfo Pérez of UMSNH have partnered with the Indigenous Purépecha community of San Jerónimo Purenchécuaro, offering compensation in exchange for their labor in collecting eggs, raising hatchlings and ultimately re-releasing them into the wild.

Israel Correa, one of the fishermen working to save the achoque from extinction
“We can’t miss a day without coming because otherwise they’ll die,” said Israel Correa, one of the fishermen working to save the achoque from extinction. (Juan José Estrada/Cuartoscuro)

“It’s been a lot of work,” Pérez said, noting that “the biggest challenge is finding money to compensate the fishermen, since achoques require constant care.”

The effort has produced initial stability for the population, with hatchlings protected in community reserves before being returned to the lake.

Yet, for those on the front line like Israel Correa — a relative of the aforementioned Froylan Correa — the commitment remains unwavering.

“We can’t miss a day without coming because otherwise they’ll die,” he said. “Rain or shine, party or not, we have to be here.”

The battle to save the achoque is a delicate race against extinction, echoing the larger plight of Mexico’s endangered amphibians, most notably the axolotl.

With reports from AFP and México Desconocido

Despite heroic clean-up efforts, sargassum keeps accumulating on Quintana Roo’s coast

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men working in seaweed off the coast
Sargassum has multiplied in recent decades as sea temperatures rise. Besides being unsightly, the decomposing macroalgae release fumes that can cause respiratory irritation. Pictured: A government beach cleanup in June. (Elizabeth Ruiz/Cuartoscuro)

Sargassum has invaded Quintana Roo’s beaches with unprecedented intensity for much of the year, prompting daily herculean efforts by authorities and citizens to clear the noxious brown seaweed from normally pristine shores. And their task shows no sign of abating.

A stunning indication of the current crisis — as well as of the locals’ heroism — took place in Isla Mujeres. Between Sunday night and Monday morning, 140 tonnes of the algae came ashore. In other words, in some 12 hours, the island received an amount of sargassum equivalent to 10% of what it had received in the previous three and a half months.

By 5 a.m. on Monday morning, response teams consisting of municipal workers, tourism service providers, Civil Protection personnel, Federal Maritime Terrestrial Zone (Zofemat) staff, firefighters, the Navy, taxi drivers and other civilians were working together to free the town’s coastline of sargassum.

After approximately four hours, the beach was clean.

Esteban Amaro, head of the Sargassum Monitoring Center, which issues red alerts, said that although there are no exact figures on the amount of sargassum arriving, the patches of algae are coming in bands, one after another, spanning from Punta Allen to Bahía Príncipe, in Tulum.

Amaro noted that the most critical areas are in the southern part of the state, particularly in Xcalak and Mahahual, where the algae enter the Mexican Caribbean, passing through Banco Chinchorro.

He added that the most critical recent sargassum cycles have lasted three to four years. The first massive grounding was in 2015, followed by one in 2018, another in 2022 and now this one in 2025, “which has been the most tremendous on record,” Amaro said. 

Experts had predicted that July would be the peak sargassum period this year. Indeed, the situation has become so critical this month that nearly all beaches from the northern part of Tulum to the southern coast of Playa del Carmen, as well as the eastern part of Cozumel, are on red alert for the seaweed.

On its official X account, the Navy said it has deployed in its sargassum control efforts an ocean vessel, 11 coastal vessels and 22 smaller support vessels, as well as 8,850 meters of containment barriers and 400 naval personnel along the beaches of Quintana Roo. 

Dayana Pérez Medina, director of Zofemat, explained that these types of accumulations are not constant and do not affect all beaches, but when they occur, clean-up efforts are immediately activated, as the Isla Mujeres case confirms.  

Sargassum is notorious for its negative effects on ecosystems, tourism and public health. It has indirect consequences for human health when it decomposes, releasing ammonia, methane and sulfuric acid. When it rots, it creates a sludge called “brown tide,” which reduces sunlight penetration and lowers oxygen levels in the water.

In early July, Governor Mara Lezama announced the creation of a new facility to monitor and manage sargassum along Mexico’s Caribbean coast, and eventually convert it to biofuel. Lezama expects the new project to promote new sustainable industries, create jobs and reduce the environmental impact of the sargassum. 

With reports from La Jornada and Quintana Roo Quadrantín