Thursday, June 26, 2025

9 fun facts about Mexico City’s Mercado Jamaica

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Mexico City's Mercado Jamaica is a riot of color and commerce, keeping the capital supplied with fresh blooms at every hour of the day. (Carlos Adampol Galindo/Wikimedia Commons)

My little apartment is regularly full of fresh flowers, a luxury that’s markedly more affordable in Mexico than it ever was in the U.S. I’ve been taking a stab at self-taught flower arrangements, but they never quite look right — always a bit lopsided or oddly proportioned. So when a friend invited me to a flower arranging class in the San Rafael neighborhood of Mexico City, I jumped at the chance.

The intimate workshop consisted of just seven women and one expert teacher. We gathered around an oval-shaped table, surrounded by buckets overflowing with fragrant blooms – vibrant roses, silvery eucalyptus, cheerful carnations, and dramatic dahlias – with empty vases waiting for our personal creations. The instructor casually mentioned that he had sourced everything early that morning from Mercado Jamaica. As I soon discovered, Mexico City’s most beloved flower market isn’t just a place to shop; it’s a cultural institution with a fascinating history. Here are nine things that make it special.

Piñatas for sale at Mexico City market
If you need flowers are short notice, chances are you’ll find yourself at Mercado Jamaica. (Graciela López/Cuartoscuro)

It’s Mexico City’s premier flower market

Mercado Jamaica stands as the leading flower market in Mexico City, offering thousands of flower and plant varieties sourced from across the country. These botanical gems come primarily from Puebla, Michoacán, Chiapas, Veracruz, the State of Mexico, and Oaxaca. While local florists comprise the majority of buyers, a significant portion of flowers are exported to the United States. In fact, 95% of Mexican flower exports are shipped directly to its northern neighbor. Beyond the staples (chrysanthemums, sword lilies, roses, and carnations dominate the Mexican flower market) Mercado Jamaica includes many indigenous and rare plants, establishing it as an exceptional botanical destination in the heart of the city.

It’s one of the city’s few destinations open 24 hours a day

Unlike most public markets, Mercado Jamaica never closes its doors. Operating 24 hours a day, seven days a week, this bustling marketplace accommodates both wholesale and retail customers at any hour. This round-the-clock service ensures that fresh flowers are always available, though the daytime hours typically draw the largest crowds and showcase the market at its most vibrant.

A network of jobs stems from Mercado Jamaica

Mercado Jamaica houses approximately 1,150 vendors across three main warehouses or “naves.” About 40% of sellers offer loose flowers, 25.5% provide flower arrangements, and 4.3% specialize in flower pots and accessories. The remaining vendors offer a diverse range of goods including live plants, vegetables, butcher items, and groceries, in the fashion of a typical Mexican city market. Just as flowers aren’t the only product, Mercado Jamaica contributes to a broader employment outlet for both locals and out-of-towners. Floriculture in Mexico has created at least 250 thousand direct jobs, and nearly one million indirect jobs, much of which is concentrated in the most rural swaths of the country. It’s also a significant outlet for ladies – according to SADER, 60% of flower production is women-run.

The market is one of the oldest in the city…

A photograph from August 1957, when the remodeled market was reopened to the public. (MAF/Wikimedia Commons)

The geographical area of Mercado Jamaica has served as a trading hub since at least the year 1500, as documented in historical codices. During pre-Hispanic times, it was strategically located on the eastern shore of Lake Xochimilco and was known for its chinampas. Canoes and barges transporting goods to the main Tlatelolco market would stop here to trade. When Mexico City’s lakes and canals were eventually drained, what began as a water-based commerce system transitioned to land, evolving with the changing landscape of the Valley of Mexico.

…but the modern look was unveiled 68 years ago

The Mercado Jamaica we recognize today was officially inaugurated on September 23, 1957, as part of a major urban modernization initiative. This project, led by President Adolfo Ruíz Cortines and Mexico City’s regent Ernesto P. Uruchurtu, aimed to improve public infrastructure and included the construction of other major markets like Sonora and La Merced. The inauguration date was chosen to coincide with the festival of the Virgen de las Mercedes, the patron saint of local markets, honoring the market’s community traditions.

It’s architecturally significant

The market was designed by renowned Mexican architects Félix Candela, Pedro Ramírez Vázquez, and Rafael Mijares, pioneers of modern Mexican architecture. Covering 36,000 square meters, the original design featured distinctive concrete canopies, also known as “sombrillas,” at the exterior to provide shade and protection. The open, modular layout is organized into three large halls and allows for efficient air circulation and natural light. Even though the original concrete canopies were damaged in the 1985 earthquake and replaced with metal structures, the market remains an architectural landmark in Mexico City.

Visitors can eat, too

Need a bite between hunting for blooms? No problem. (Andrea Murcia/Cuartoscuro)

Beyond the endless abundance of multicolored buds and accessories, Mercado Jamaica houses a dedicated food section. Jamaica Comidas is overflowing with equally colorful, deliciously authentic Mexican cuisine and fresh produce. The huaraches are notably famous. Legend has it, doña Carmelita (Carmen Gómez Medina) was selling sopes and tlacoyos near Calzada de La Viga in the 1930s, when suddenly a customer requested a masa cake large enough to hold meat. This inspired Carmelita to create an elongated, bean-filled patty resembling a “huarache,” or an indigenous sandal. She’d top the 30-centimeter long cake with grilled meats, eggs, cheese, and nopales, and garnish it with salsa, crema, and avocado, starting a culinary trend that continues to this day.

The Christmas party capital of Mexico City

No, there’s not an official posada at Mercado Jamaica, but anyone tasked with planning one might want to carve out a day to shop here. Peruse an extensive selection of rainbow-hued piñatas, available year-round but particularly embellished during the Christmas season. Stock up on Christmas trees imported from Canada and a vast array of decorations, from twinkling lights to nativity scenes. This seasonal specialization makes the market a go-to destination for various celebrations throughout the year, including birthdays, weddings, and traditional Mexican holidays.

It’s so easy to get to, there’s no excuse not to go

Located in the Jamaica neighborhood of the Venustiano Carranza borough, east of downtown Mexico City, the market is easily accessible via public transportation. The Jamaica Metro station on Line 9 exits directly beneath the market, while Line 4 is a short walk away. A word to the wise – while its location is convenient, its sprawling layout of numerous lanes and sections is less an organized grocery store experience and more of a maze. This labyrinthine quality adds to its charm, though first-time visitors are often advised to purchase items when they see them, as retracing steps can be challenging at best, impossible at worst.

Practical information

Hours: Open 24 hours, every day
Getting there: Take Metro Line 9 or Line 4 to Jamaica station; the Line 9 exit is directly under the market
Location: Jamaica neighborhood, Venustiano Carranza borough, east of downtown Mexico City

Bethany Platanella is a travel planner and lifestyle writer based in Mexico City. She lives for the dopamine hit that comes directly after booking a plane ticket, exploring local markets, practicing yoga and munching on fresh tortillas. Sign up to receive her Sunday Love Letters to your inbox, peruse her blog, or follow her on Instagram.

Sheinbaum addresses case of Mexican deported to Africa by US: Thursday’s mañanera recapped

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Sheinbaum May 22, 2025
President Claudia Sheinbaum started her Thursday morning press conference at 8:30 a.m. because she had an "early call" with United States President Donald Trump. (Daniel Augusto/Cuartoscuro)

President Claudia Sheinbaum noted at the start of her Thursday morning press conference that she postponed its commencement to 8:30 a.m. because she had an “early call” with United States President Donald Trump.

“We’re continuing to talk about trade issues, … we’re still negotiating,” she said, referring to Mexico’s efforts to win relief from U.S. tariffs, including duties on vehicles, steel and aluminum.

Sheinbaum said there is a “good relationship” and “good communication” between the Mexican and U.S. governments, and mentioned that Economy Minister Marcelo Ebrard will travel to Washington D.C. on Friday for more talks.

“We’re working to reduce the tariffs even more,” said the president, who has now spoken to Trump by telephone on seven different occasions.

‘We’re going to keep working so there is no tax on remittances’

Sheinbaum noted that the United States House of Representatives approved on Thursday morning Trump’s major budget bill — the so-called “One Big Beautiful Bill.”

The bill, which will now be considered by the U.S. Senate, includes a proposed 3.5% tax on remittances sent out of the United States by non-citizen immigrants. An earlier version of the bill proposed a higher 5% tax on remittances, which flow into Mexico in their tens of billions of dollars annually from the United States.

“The tax rate on remittances was reduced from 5% to 3.5%,” Sheinbaum noted.

“In any case, we don’t want there to be a tax,” she said.

“So we’re going to keep working, … we’re going to keep working so there is no tax on the remittances our compatriots send to their families in Mexico,” Sheinbaum said.

Mexican government officials and lawmakers have been lobbying U.S. legislators to eliminate the proposed tax.

Sheinbaum — who has described a tax on remittances as “unconstitutional in the United States because a double tax would be charged” — said last week that Mexico would do “everything that is necessary” to ensure the proposed tax doesn’t become law.

On Thursday, she said:

“We’re going to continue speaking with Republican and Democrat senators, … explaining why it’s not good for there to be a tax on remittances.”

Sheinbaum said that she didn’t discuss the proposed remittances tax with Trump, but stressed there will be “other calls” with the U.S. president.

Sheinbaum: Trump administration ‘perhaps’ first US government to recognize arms trafficking problem

Sheinbaum said it was “very important” that United States Secretary of State Marco Rubio acknowledged on Wednesday that Mexican cartels use firearms manufactured in the U.S.

The president noted that she raised the issue of arms trafficking from the United States to Mexico during her very first conversation with Trump, which came two days after the U.S. president’s election victory last November.

Rubio says Mexico is more cooperative ‘than ever before’ in cartel crackdown, aims to stop flow of arms south

Since Trump began his second term, the U.S. government has made “several seizures of weapons,” she said.

“… The Trump administration is, perhaps, the first [U.S. government] that in effect acknowledges there is trafficking of weapons from the United States to Mexico and wants to combat it,” Sheinbaum said.

Mexico ‘reviewing’ case of Mexican deported to Africa by US 

Sheinbaum noted that a “Mexican citizen who was detained in the United States” was deported by the U.S. government.

She was referring to Jesus Muñoz Gutiérrez, who was arrested earlier this month, “convicted of second-degree murder” and “sentenced to life confinement,” according to the U.S. Department of Homeland Security (DHS).

The United States intended to deport Muñoz and seven other men — “some of the most barbaric, violent individuals illegally in the United States,” according to the DHS — to South Sudan, but they only made it as far as Djibouti before a federal U.S. judge ruled against their deportation to South Sudan.

“A Federal Judge in Boston, who knew absolutely nothing about the situation, or anything else, has ordered that EIGHT of the most violent criminals on Earth curtail their journey to South Sudan, and instead remain in Djibouti,” Trump wrote on social media.

“He would not allow these monsters to proceed to their final destination. This is not the premise under which I was elected President, which was to PROTECT our Nation,” Trump wrote.

Sheinbaum said that her government was not informed of the deportation of the Mexican man.

Jesus Muñoz Gutiérrez, a Mexican citizen, was deported to Africa by the U.S. government on Wednesday along with seven other men convicted of crimes in the United States. (whitehouse.gov)

“If he wants to be repatriated, the United States would have to bring him to Mexico,” she said, adding that he would “very probably” be required to remain in prison in Mexico.

“The entire case is being reviewed,” Sheinbaum said.

‘There is confidence in investing in our country’

Sheinbaum said that the “issue of tariffs” — primarily a reference to Trump’s protectionist agenda — has significantly changed the global economy.

However, “the economic indicators for Mexico are very good,” she said.

Sheinbaum highlighted that foreign direct investment in Mexico in the first quarter of the year, as reported by Ebrard earlier in the press conference, was higher than in the same period last year despite global economic uncertainty.

“That means there is confidence in investing in our country,” she said.

Government not planning to bolster security for officials 

In light of the murder of two aides of Mexico City Mayor Clara Brugada on Tuesday, a reporter asked the president whether her government would increase security for officials, including herself.

“No,” responded Sheinbaum. “We don’t plan to.”

The president, like her predecessor Andrés Manuel López Obrador, has a team of assistants who assist her in security matters, but doesn’t have an actual security detail.

After a reporter suggested last month that she could be vulnerable to an assassination attempt during her weekend tours when she gets up close and personal with supporters in various parts of the country, Sheinbaum appeared unperturbed by the perceived, or real, risk to her safety.

“One can’t move away from the people,” she said.

“The day we distance ourselves from the people is the day we stop being a government of the people and for the people. So we’re going to remain close [to the people], particularly on weekends,” Sheinbaum said.

By Mexico News Daily chief staff writer Peter Davies ([email protected])

Mexico sees record-breaking US $21.4B in first quarter FDI

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Ebrard FDI
The economy minister said the first quarter increase in FDI was "very good news," especially because it was a complicated quarter for Mexico on the international stage. (Daniel Augusto/Cuartoscuro)

Foreign direct investment (FDI) in Mexico hit a new record high of US $21.4 billion in the first quarter of 2025, Economy Minister Marcelo Ebrard reported Thursday.

“It’s the highest [first quarter total] we’ve ever had,” Ebrard said at President Claudia Sheinbaum’s morning press conference.

“…It’s very good news because it was a complicated quarter on the international stage” he said, referring primarily to the protectionist policies implemented by United States President Donald Trump since he began his second term on Jan. 20.

The $21.4 billion first quarter FDI total represents an increase of 5.4% compared to the $20.3 billion Mexico received in foreign investment in the first three months of 2024. Last year’s first quarter figure was a record high at the time.

A graph presented by Ebrard on Thursday showed that FDI in Mexico increased in the first quarter of every year since 2012, with the exception of 2017, when the Q1 total was equal to that of the previous year.

Compared to the first quarter of 2012, when FDI totaled $4.4 billion, foreign investment in Mexico was 386% higher in the first three months of 2025.

Ebrard highlighted that the highest first quarter FDI total during the “neoliberal stage in Mexico” — a term used by ruling party politicians to describe the period between 1982 and 2018 — was in 2018, when $9.5 billion flowed into the country.

Unilever announces US $1.5B investment to complete Nuevo León factory and expand Mexico operations

“In the fourth transformation we reach this year the all-time high of $21.4 billion in foreign direct investment,” he said, using the self-anointed nickname of the political movement founded by former president Andrés Manuel López Obrador and now led by Sheinbaum.

“I think that it’s very good news,” Ebrard said.

The economy minister didn’t provide a breakdown of the FDI Mexico received in the first quarter of 2025.

In 2024, almost 80% of the US $36.87 billion FDI total came from reinvestment of profits by companies with an existing presence in Mexico. New investment accounted for just 8.6% of the 2024 total, with the remainder of the money — 13.5% of the total — being loans and payments between companies of the same corporate group. Almost half of all FDI in Mexico last year came from the United States.

On Thursday, Ebrard only said that the increase in FDI in the first quarter of the year meant that Mexico received “more reinvestment and more capital arriving to our country through all avenues.”

The low level of new FDI last year — whose $3.17 billion total represented a decline of more than 30% compared to 2023 — raised additional concerns that Mexico was not capitalizing on what has been described as a “once-in-a-lifetime” opportunity to attract foreign investment amid the nearshoring trend.

The Sheinbaum administration, which took office last October, launched an ambitious economic initiative called Plan México in January, which, among other objectives, aims to spur foreign investment in Mexico and reduce reliance on imports, especially from Asia.

Government’s plan to build ‘well-being hubs’ moves ahead 

In April, Sheinbaum announced 18 “programs and actions” related to Plan México. One of the supplementary actions she outlined was to begin by the middle of May the tendering processes for the construction of 15 new “well-being hubs” (polos de bienestar): industrial zones or corridors across the country, each of which will specialize in different economic sectors.

Ebrard FDI
Ebrard emphasized that a big piece of Mexico’s plan to attract foreign investment throughout the country is to offer tax incentives to companies that contribute to the development of specified “well-being” hubs. (Daniel Augusto/Cuartoscuro)

On Thursday, Ebrard said that 14 of those “well-being” and “development” hubs, to be located across northern, central and southeastern Mexico, have been approved by state governments. He also said that tendering processes to find companies to build them have begun.

The planned industrial corridors cover “many states,” the economy minister said.

“Quintana Roo, Michoacán, Veracruz, Tlaxcala, Tamaulipas, Sinaloa, Puebla, Hidalgo. You will say, does Hidalgo have two? Yes it does,” Ebrard said before noting that the new industrial corridors will also run through the states of Guanajuato, México state, Durango, Chihuahua and Campeche.

He presented a map that showed that the government is evaluating, or will evaluate, the establishment of an additional 16 industrial corridors. Already partially operating is the Isthmus of Tehuantepec development hub, where cargo trains are now transporting goods across the narrow strip of land between Salina Cruz, Oaxaca, on the Pacific coast and Coatzacoalcos, Veracruz, on the Gulf coast.

Ebrard noted that the government will offer tax incentives to companies that invest in the new development hubs. He said the government expects that Mexican and foreign companies that operate in a wide variety of sectors will invest in the industrial zones.

Those sectors, he said, include aerospace, automotive, agro-industry, pharmaceuticals, medical devices, electronics, semiconductors, chemicals, textiles, clean energy, plastic, metal and logistics.

Ebrard stressed that the construction of the industrial zones “has to do with the development of strategic economic sectors for our country” and will ensure that there is “development in all of Mexico and not … just some regions.”

“…. It has to do with the increase in national content that has been proposed in Plan México,” he added.

“And above all, the most important thing is that there is shared prosperity, that if we have [economic] growth and investment it is translated into well-being. That’s why the [development] hubs are linked to the concept of well-being,” Ebrard said.

By Mexico News Daily chief staff writer Peter Davies ([email protected])

700 exotic animals evacuated from Sinaloa sanctuary due to cartel violence

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An elephant at the Ostok sanctuary.
Elephants, lions, and tigers await relocation from Ostok Sanctuary amid cartel violence near Culiacán. (Ostok Sanctuary/Facebook)

A Mexican wildlife sanctuary has evacuated hundreds of exotic animals to escape cartel violence near Culiacán, Sinaloa, marking one of the largest animal relocations in the country’s history.

Ostok Sanctuary, home to about 700 animals including elephants, tigers and lions, transported its inhabitants 140 miles to a new refuge in Mazatlán after months of armed attacks, threats and supply shortages.

The transfer began Tuesday with a 15-truck convoy, escorted by National Guard personnel and accompanied by zoo veterinary technicians and wildlife management specialists.

Ostok Sanctuary is located 25 kilometers north of the capital of Culiacán — a city that rival factions of the Sinaloa Cartel have turned into a battlefield for territorial control, following last summer’s arrest and extradition to the United States of cartel leader Ismael “El Mayo” Zambada.

Ostok’s founder and president, Ernesto Zazueta, described the decision to shut down his 4-year-old sanctuary and move the animals as desperate but necessary.

“We’ve never seen violence this extreme,” he said, citing frequent gun battles near the refuge and roadblocks that left animals without food for days.

Staff faced direct threats, including a February incident in which armed men stole a rescue truck and supplies at gunpoint. 

“There’s no safe place left in this city these days,” said Diego García, a sanctuary worker.

Veterinarians struggled to treat injured animals, such as Bireki, an elephant whose foot infection went untreated for weeks due to specialists refusing to enter the conflict zone.

Culiacán’s one million residents endure daily terror, as cartel checkpoints, armed clashes and public executions proliferate, along with kidnappings, vehicle thefts and business vandalism.

A state police pickup truck from Culiacan, Mexico, with a crushed grill and destroyed headlights. The truck is parked half on the sidewalk and half on the street.
Cartel violence in Culiacán has forced both residents and wildlife sanctuaries to seek safety, prompting the mass relocation of hundreds of exotic animals. (Jose Betanzos Zárate/Cuartoscuro)

According to the newspaper Expansión, 800 businesses in Culiacán have closed since September, and there have been temporary closures of 97 schools.

Statistics in the newspaper Noroeste, cited by the Latin Times, noted there were 956 killings in Sinaloa from early September 2024 through early March 2025. The bloodiest month reported was October 2024, with 187 homicides, an average of more than 6 per day.

“Why do the police do nothing?” cried a mother mourning her son’s bullet-riddled body on a roadside this week.

The first animals arriving in Mazatlán were welcomed into Bioparc El Encanto — a new 50-hectare sanctuary slated to open to the public in August.

Zazueta called the move “an act of resistance, love and dignity,” though staff remain wary, as Mazatlan has faced violence, too, although certainly not as much as Culiacán.

Zazueta’s reserve was in the hills north of Culiacán, where violence has increased this month.

According to the newspaper El País, clashes between the two Sinaloa Cartel factions — “Los Chapitos” and “Los Mayitos” — had been occurring mainly in Culiacán and the southern municipalities, but this month have spread to the mountainous area north of the capital.

“Trucks with armed men have circulated in broad daylight” through some municipalities, “and gunmen have exchanged fire,” the paper wrote. “Shots have reached the once peaceful municipality of Mocorito, known for its mining activity.”

David Saucedo, a well-known Mexican security analyst who frequently comments on issues of organized crime, cartel violence and public security in Mexico, warned that crackdowns on either faction risk further cartel retaliation, perpetuating a cycle of bloodshed.

With reports from Expansión, Associated Press, Quadratin Sinaloa and Sin Embargo

Sony’s series ‘Carlota’ to tell story of Mexico’s ill-fated empress

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Mexican actress Belinda and the princess Carlota.
Carlota’s story of love, power and betrayal will soon come to life with Belinda in the lead role.(Belinda/Facebook. Wikipedia)

Mexican singer and actress Belinda Peregrín Schüll (known professionally as Belinda) will portray the ill-fated 19th-century empress Carlota in a new Sony Pictures Television series about the Second Mexican Empire.

The Spanish-born Mexican pop star headlines the cast for the series, which will start filming on location in Mexico, Colombia and Spain later this year. Sony has commissioned 10 episodes, each 45 minutes long, for season one.

“Carlota” will trace the arc of the Belgian princess’s experiences in Mexico, from early optimism and the royal couple’s sincere desire to transform the strife-ridden country into a glittering empire, only to face rising political and cultural tensions. 

In a spoiler alert, the film industry trade magazine Variety writes that Carlota eventually “finds herself entangled in a far more complex reality, including a love story that defies fairy-tale expectations. As Carlota and her husband Maximilian attempt to build a new empire, they are drawn into a dangerous web of ambition, loyalty and betrayal.”

Billed as Sony’s most ambitious Latin American series to date, producers are confident the titular character will attract viewers, pointing out that Carlota was the first woman to exercise political power in Mexico. She often acted as head of government during Maximilian’s many sojourns outside the capital. 

The series will be directed by Alejandro Bazzano (“Money Heist,” a popular Spanish television series) and Ana Lorena Pérez Ríos (“Como agua para chocolate,” the HBO Max series).

Belinda (Aug. 15, 1989) debuted at age 10 in a children’s telenovela and has appeared in films (including Disney’s “The Cheetah Girls 2,” TV series and Mexican telenovelas. In 2003, she launched a successful singing career; her four studio albums, singles and soundtracks have sold over 3 million copies.

Among Belinda’s co-stars are Jaime Lorente as Maximilian, Miguel Ángel Silvestre as Belgian Gen. Alfred Van Der Smissen, and Mabel Cadena as Josefa, a fictionalized court lady. 

Lorente is best known for playing Denver in “Money Heist.”.. Silvestre rose to prominence with his performance as El Duque in the Spanish TV drama “Sin tetas no hay paraiso.” The Mexican-born Cadena made her film debut in “Black Panther: Wakanda Forever.”

“I’ve been dreaming about this project for two years and, at times, it seemed as though it would not come about,” Belinda wrote in a post on Facebook. “Now it is a reality and … I don’t have the words to describe how much this means to me.”

John Rossiter, executive vice president for Sony Pictures Television’s Latin America division, praised the cast and promised high production values, saying the project underscores Sony’s dedication “to crafting top tier stories that connect with audiences not only in Latin America but across the globe.”

“‘Carlota’ is a powerful milestone in our journey to establish Sony Pictures Television as a leading entertainment producer in Latin America,” he said.

Empress Carlota and Emperor Maximillian.
Empress Carlota and Emperor Maximilian pictured together in 1857 before their fateful reign in Mexico. (Louis-Joseph Ghémar/ Royal Collection of Belgium)

Who were Carlota and Maximilian?

Archduke Maximilian of Austria and his Belgian wife, Princess Carlota, arrived in Mexico in 1864 on the heels of a French invasion that drove President Benito Juárez out of the capital. 

Maximilian’s reign would last just over three years. He was executed in Querétaro on June 19, 1867.

At the time, Carlota was in Europe pleading with France’s Napoleon II and other European leaders to come to the rescue of her husband. The empress would survive Maximilian by 60 years, descending from mourning and melancholy into madness.  

With reports from Variety, El País and El Universal

As peso strengthens, new firm offers shield against currency volatility for property buyers

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A luxury house on a cliff overlooks the Pacific ocean.
“Buying property in Mexico should feel exciting, not stressful,” says MexEdge founder George Reavis. (Stephan Hinni/Unsplash)

Financial services firm MexEdge is set to become the first company in Mexico to offer currency risk solutions specifically tailored for individuals buying or building property in Mexico. 

“Our mission is to empower people with peace of mind,” MexEdge founder George Reavis said in a press release. “Buying property in Mexico should feel exciting, not stressful.”

View of a luxury home with a pool.
Luxury homes in Mexico could be more accessible for international buyers thanks to new currency risk solutions from MexEdge. (Berkshire Hathaway HomeServices Colonial Homes San Miguel)

MexEdge was created “to remove the financial guesswork and give our clients clarity, control and confidence in their investment.”

On its website, MexEdge says it provides “tailored solutions to fit the needs” of expats purchasing real estate or making other significant transfers.

“Through exclusive partnerships with leading [foreign exchange] banks, we offer corporate-level exchange rates, forward contracts to lock in your rate and personalized support every step of the way,” it says. 

With two years of experience in Mexico, MexEdge aims to help expats and international buyers save money and eliminate risks when exchanging US dollars, Canadian dollars or other currencies to Mexican pesos.

MexEdge says it can help clients make sense of “a global environment shaped by shifting trade policies, tariff talks and increasing market uncertainty.” 

The company has also published a handbook entitled: “The Ultimate Guide to Saving Money on Currency Exchange for Expats in Mexico.” The guide is available for free on its website.

MexEdge says “currency volatility has become a serious concern for foreign buyers,” driving demand for its brokerage services.

With the peso reaching new highs and the dollar losing strength, U.S. and Canadian buyers face greater exposure to unpredictable currency swings, which can add thousands of dollars to the final purchase price.

Interior patio of colonial home.
A tranquil interior patio in a colonial Mexican home, one of many dream properties made easier to purchase with expert currency planning. (casitamx)

On his LinkedIn page, Reavis says his company works “alongside real estate professionals to simplify currency planning, reduce financial surprises and deliver smoother closings for international clients.”

Among his more than 25 years in real estate development, construction and finance, Reavis has spent seven years working in Mexico. 

He says he created MexEdge “as a direct response to challenges I faced in my own projects,” including the experience of watching promising deals nearly fall apart, or being undercut by sudden shifts in the dollar/peso exchange rate that added thousands more to the bottom line.

With reports from EIN Presswire

Why did a Mexican Navy ship hit the Brooklyn Bridge?

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The ARM Cuauhtémoc, a two masted sailing ship
The ARM Cuauhtémoc at port in Dublin. The ship was seen hitting the Brooklyn Bridge in New York City earlier this week. (Miguel Mendez/Wikimedia)

After a Mexican Navy tall ship hit the Brooklyn Bridge this weekend, killing two cadets, global attention has been on the magnificent boat, despite the tragedy surrounding it. The ARM Cuauhtémoc, which was filmed crashing into the bridge, has a long and proud history of service with the Mexican Navy.

What does the ARM Cuauhtémoc do?

 

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The Cuauhtémoc functions as a floating cultural embassy, spreading Mexican spirit at all the ports it visits. For more than four decades, it has served as a way for the government to inspire youth, promote Mexico and turn heads at every port it has visited.

But what happened in Brooklyn? Mexico News Daily’s María Meléndez explains what we know so far.

Mexico News Daily

Inflation tests Mexico’s monetary easing strategy as prices spike in May

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Inflation impacting canned goods
Prices for processed food, beverages and tobacco rose 4.47% annually in the first 15 days of May, while non-food goods were 2.64% more expensive. (Rogelio Morales/Cuartoscuro)

Mexico’s annual inflation rate rose above 4% in the first half of May, reaching its highest level since December.

The national statistics agency INEGI reported Thursday that the annual headline rate was 4.22% in the first 15 days of May, up from 3.93% across April.

Inflation is now outside the Bank of Mexico’s target range of 3% plus or minus one percentage point.

The annual headline rate in the first half of this month — above the 4.01% consensus forecast of analysts polled by Reuters — is the highest since the first 15 days of December.

INEGI said that consumer prices increased 0.09% compared to the second half of last month, while the annual core inflation rate, which excludes volatile food and energy prices, was 3.97% in the first 15 days of May, up from 3.93% across April.

Mexico’s headline inflation rate has risen every month since February, after cooling to 3.59% in January.

Despite the upward trend in inflation in recent months, the Bank of Mexico (Banxico) cut its benchmark interest rate by 50 basis points last week and by the same margin in March.

The central bank also reduced its key rate by 50 basis points in early February. With last week’s cut, the rate currently stands at 8.50%, the lowest level since August 2022.

People shopping at a Mexican shopping mall
The Mexican financial group Banco Base said in an analysis note that it would be “prudent” for Banxico to pause its monetary easing cycle following this morning’s inflation figures. (Rogelio Morales/Cuartoscuro)

Bloomberg reported that the uptick in inflation in the first half of May “likely won’t deter central bankers from cutting the interest rate again in June given the economy also posted weak growth.”

INEGI reported on Thursday that the Mexican economy contracted 0.4% in March compared to February and 0.1% on an annual basis.

GDP increased 0.2% in the first quarter of 2025 compared to the final three months of last year and 0.6% compared to Q1 of 2024. Those final data figures match the Q1 preliminary growth numbers INEGI published in April.

Despite the weak growth, Banco Base said in an analysis note that it would be “prudent” for Banxico to pause its monetary easing cycle. The Mexican bank highlighted that core inflation rose to its highest level since last August in the first half of this month.

“This is a cause for concern, as the core component determines the trajectory of headline inflation over the medium and long term, and its recent upward trend suggests that the Bank of Mexico has not yet achieved sustained inflation convergence to the 3% target,” Banco Base said.

Banxico said last week that its governing board could “consider adjusting” its benchmark interest rate “in similar magnitudes” — i.e., by 50 basis points — at future monetary policy meetings.

Economists at Brazilian brokerage and financial services group XP predicted another 50 basis point reduction to Banxico’s key rate in June, but said that additional upticks in inflation “could motivate” the central bank to slow the pace of its monetary policy easing to 25 basis points in August.

Inflation data in detail 

INEGI’s latest data shows that agricultural products (fruit, vegetables and meat) were 5.79% more expensive in the first half of May than in the same period last year. Annual inflation for meat alone was 10.25%, while fruit and vegetable prices decreased 1.22%.

Prices for processed food, beverages and tobacco rose 4.47% annually in the first 15 days of May, while non-food goods were 2.64% more expensive.

The cost of services increased 4.49%, while energy prices, including those for gasoline and electricity, rose 3.71%.

With reports from El EconomistaBloomberg and Reuters 

These Mexican states don’t exist anymore. Where did they go?

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The Mexico we know and love once looked very different. Where did some of it go? (Todo Mapas México)

Indigenous rebellions, foreign invasion and secessionist movements have meant that Mexico’s map has changed dramatically since independence in 1821. Most people are familiar with the territory taken by the United States in the Mexican-American War, but there are several other former Mexican states that no longer exist. 

Here are six of them — depending on how you count:

Nuevo León y Coahuila

(Wikimedia Commons)

The map of Coahuila has changed many times. While republican Mexico’s first constitution was being drafted, the home of wine in the Americas had been part of the gigantic Internal State of the East. As Coahuila y Tejas, it became the sixteenth Mexican state. In 1840, in the context of a wave of secessionist movements sparked by President Antonio López de Santa Anna’s adoption of a centralist constitution, Coahuila joined Nuevo León and Tamaulipas in forming the short-lived separatist Republic of the Rio Grande.

Arguably, the strangest moment in Coahuila’s territorial history came in the 1850s. When federalists revolted against Santa Anna in the 1854 Ayutla Revolution, the call to rebellion was answered in the northeast by a Nuevo León-born military leader named Santiago Vidaurri, who defeated centralist troops in Monterrey and then marched into Coahuila. Through shrewd politicking and military power, Vidaurri unilaterally annexed Coahuila in 1856, fusing his home state and its neighbor into the state of Nuevo León y Coahuila, which he essentially ruled as his personal domain. 

Vidaurri’s move was, of course, completely illegal, but the new Liberal government of the country needed him on their side, and the Constitution of 1857 officially ratified Nuevo León y Coahuila as a state. It stayed that way until 1864, when Vidaurri was executed for having sided with the Second Mexican Empire. President Benito Juárez made Nuevo León and Coahuila two states once again.

The Kingdom of Guatemala

(Wiki Index)

While not a state — Mexico didn’t have them yet — nearly all of Central America was once part of the country. Under Spanish rule, the territory that is now Chiapas, Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica made up the Captaincy-General of Guatemala, a sister colony to New Spain. 

Central America peacefully declared independence from Spain in September 1821, and its conservative leaders favored annexation into the newly-independent Mexican Empire, a constitutional monarchy. Agustín de Iturbide, who would later become Emperor of Mexico, felt similarly, inviting Central America to join his country. The government of Guatemala City — the region’s de facto government — accepted in January 1822, bringing Mexico to the historic height of its territorial extent. Not all Central Americans agreed with Guatemalan leadership or annexation to Mexico, however, and many Salvadorans, Costa Ricans and Nicaraguans took up arms against it. 

Iturbide sent Mexican troops to pacify these regions and was largely successful, but after he abdicated in March 1823, Mexico’s interim government was willing to let Central America decide its own fate. In July of that year, Central America declared independence from Mexico and both countries came into the world as republics: Mexico as the First Mexican Republic and Central America as the United Provinces of Central America. Mexico did keep a piece of the old Guatemala, though: Chiapas voted to remain part of the country in 1824. 

Sinaloa y Sonora

(Wikimedia Commons)

As many Sinaloans and Sonorans will tell you, their states have a lot in common — their natives’ loud, percussive accents, love of baseball and taste for seafood come to mind. These northern Pacific states are neighbors, but they were once something even closer: the single state of Sinaloa y Sonora. 

Take a look at the map of early independent Mexico and you’ll quickly notice that while the country’s central and southern states look largely as they do today, the northern states are enormous. In 1824, that made sense: northern Mexico was very sparsely populated by Mexicans and was still under the control of powerful Indigenous nations, so large states initially seemed practical for administrative and defense purposes. Three Estados Internos, or Internal States, were created on the country’s periphery; Sinaloa and Sonora were made the Internal State of the West, also called Sinaloa y Sonora, which included part of modern-day Arizona as well. 

Sonora and Sinaloa had frequently been governed as part of the same territory since the colonial era. Though this arrangement fostered a closeness between their populations that persists until today, it also created deep rivalries between the territories’ local elites, who competed for influence and commercial opportunities. Illustrating this rivalry, the state’s capital was moved several times from Sonora to Sinaloa and back again. In 1830, with disagreements becoming untenable and authorities torn about how to respond to Indigenous rebellions, Sinaloa and Sonora finally became the first states admitted to the federation ever to separate.

The Estado Interno del Norte and Estado Interno del Oriente

(Wikimedia Commons)

The elite rivalries that dissolved Sinaloa y Sonora were not unique in the Internal States, and in the other two, they didn’t take nearly as long to take effect. Under the Constitutive Act of 1824 — the law of the land while the Constitution of 1824 was being written — the Internal State of the North comprised Durango, Chihuahua and New Mexico, while the State of the East encompassed Coahuila, Nuevo León, Tamaulipas and Texas.

The State of the East included two major cities — Monterrey in Nuevo León and Saltillo in Coahuila — that had been commercial and political rivals since the 1600s and carried their rivalry into the independence period, angling to become the capital of the mega-state. When it became clear that this would not be possible, their leaders began advocating for separation and soon joined the republic as independent states.

Chihuahua and Durango had been governed together by Spain as the province of New Biscay, an arrangement that had worked out better for Durango, which was wealthier and more heavily populated. The two were turned into separate provinces after the collapse of the First Mexican Empire but were joined again as the State of the North in 1823, with a surprising development: the less affluent Chihuahua would be the state’s provisional capital. The Durango elite did not like this at all and agitated for separation, which they got in May 1824; in July of that year, Chihuahua became a state, while New Mexico became a territory.  

The Provincia del Istmo

(Wikimedia Commons)

Set in the narrowest part of the Isthmus of Tehuantepec, which runs between the Oaxaca and Veracruz coastlines, Congress declared the foundation of the Province of the Isthmus in 1823. Encompassing the districts of Acayucan and Tehuantepec in present-day Veracruz and Oaxaca, respectively, the province was immediately wracked by conflict, as the government aimed to distribute the area’s rich salt flats and what it called its “wastelands” to retired military officers and settlers. There was a problem: these resources were communally owned by the area’s Indigenous Zapotec majority, who had not been asked. 

Congress abolished the province in 1824, but life had been breathed into the spirit of local and Indigenous separatism in the region between the Atlantic and the Pacific, critically important for national governments from the nineteenth century down to our own time. Unlike the other disappeared states and provinces on this list, the Province of the Isthmus was briefly resurrected after its first death, reestablished in 1852 and dissolved again in 1855, during the Porfiriato.

New Dublin-Cancún flight to take off in 2026

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Aer Lingus flight
The seasonal Aer Lingus flight will depart from Dublin on Tuesdays, Thursdays and Saturdays at 1:30 p.m., arriving in Cancún at 6:20 p.m. (John McArthur/Unsplash)

Ireland’s flagship air carrier Aer Lingus has announced it will launch a new non-stop route between Dublin and Cancún starting next year. 

The route will be a seasonal flight, operating three times a week from January 6 to April 29, onboard an Airbus A330-300 wide-body aircraft. The service will primarily serve travelers looking to escape the Irish winter and enjoy the tropical climate of the Mexican Caribbean.  

Flights will depart from Dublin on Tuesdays, Thursdays and Saturdays at 1:30 p.m., arriving in Cancún at 6:20 p.m. The return flight from Cancún will depart on the same day at 9:05 p.m., arriving in Dublin at 11:20 a.m. the following day.

“Our research reveals a strong appetite among customers for new travel experiences, particularly seasonal destinations beyond the peak summer period,” the carrier’s CEO Lynne Embleton said in a statement. 

Aer Lingus, part of the airline group that includes Iberia, British Airways, Vueling and Level, noted that this new route also facilitates connections for passengers from other European cities and the United Kingdom via its Dublin hub.

Currently, tour operator TUI offers charter flights to Cancún from Dublin. However, Aer Lingus will become the first airline to provide a non-stop flight from Ireland, the company remarked.  

Dublin Airport
Connections from Dublin International Airport to Cancún will be available from Edinburgh and eight other UK airports, including Glasgow, Manchester, and London Heathrow. (Wikimedia Commons)

Quintana Roo Governor Mara Lezama Espinosa celebrated the announcement in a statement. 

“Quintana Roo, [and] the Mexican Caribbean, welcome and celebrate the first direct Dublin-Cancún flight from Aer Lingus. We will work together with our partner Aer Lingus to make this a successful operation,” Lezama said. 

The Mexican Embassy in Dublin also celebrated Aer Lingus’s new flight, which coincides with the 50th anniversary of the establishment of diplomatic relations between the two countries. Ambassador Carolina Zaragoza Flores noted that the move will strengthen Mexico’s position as Ireland’s largest trading partner in Latin America.  

“This important development […] will undoubtedly foster even stronger economic ties and lead to a strategic partnership,” Zaragoza said. 

Aer Lingus was founded in 1936 under the name Aer Lingus Teoranta, which means “air fleet” in Irish.

With reports from EFE and Aviación Online