04272025Sun
Last updateFri, 25 Apr 2025 6pm

Advertising

rectangle placeholder

Mexico’s war on weed

Large busts of marijuana are still occurring in Mexico, even as lawmakers debate relaxing cannabis laws and more U.S. states move toward legalization for both recreational and medical use.


Inflation dips to lowest rate in 4 years

Although many consumers report noticing price increases this month, Mexico’s inflation rate fell in the first half of January to an annualized figure of 3.69 percent—its lowest level in four years, the National Institute of Statistics and Geography (INEGI) reported on Thursday.


The figure came in below market expectations and is lower than the 4.21 percent rate recorded at the close of 2024.

During this January period, INEGI noted a 0.20 percent increase in the Consumer Price Index (CPI) compared to the previous 15 days. The CPI measures the average change in prices over time for a basket of goods and services typically purchased by households, while the annual inflation rate reflects the percentage change in the CPI over a 12-month period.

Slim & Trump: 2 peas in a pod?

It wasn’t just U.S. tech billionaires who had a front-row seat at Donald Trump’s January 20 inauguration. Mexico’s richest man was also in attendance.


pg4Reports suggest that Carlos Slim Helú and Trump share a warm relationship. “A lovely dinner with a wonderful man,” was how the U.S. president described their meeting in December 2016, just before his first term began.

Currently ranked as the world’s 18th richest person and Latin America’s wealthiest (according to the Bloomberg Billionaires Index) with an estimated fortune of US$85 billion, Slim has established a significant presence in the United States, with his strategic investments spanning media, telecommunications and construction. Although he was a major shareholder in The New York Times for several years, Slim reduced his stake in 2017.

Slim is keenly aware of the importance of cultivating strong relationships with leaders across the Americas. Despite their  ideological differences, he benefited during Andrés Manuel López Obrador’s presidency, securing contracts for sections of the Maya Train project, in addition to other energy and construction concessions. Some analysts suggest that his cordial relationship with López Obrador helped his flagship telecom company, América Móvil—the largest in Latin America—maintain its market dominance, amid the growing calls for regulatory bodies to take stronger action to level the playing field.

Slim & Trump: 2 peas in a pod? (2)

It wasn’t just U.S. tech billionaires who had a front-row seat at Donald Trump’s January 20 inauguration. Mexico’s richest man was also in attendance.


pg4Reports suggest that Carlos Slim Helú and Trump share a warm relationship. “A lovely dinner with a wonderful man,” was how the U.S. president described their meeting in December 2016, just before his first term began.

Currently ranked as the world’s 18th richest person and Latin America’s wealthiest (according to the Bloomberg Billionaires Index) with an estimated fortune of US$85 billion, Slim has established a significant presence in the United States, with his strategic investments spanning media, telecommunications and construction. Although he was a major shareholder in The New York Times for several years, Slim reduced his stake in 2017.

Slim is keenly aware of the importance of cultivating strong relationships with leaders across the Americas. Despite their  ideological differences, he benefited during Andrés Manuel López Obrador’s presidency, securing contracts for sections of the Maya Train project, in addition to other energy and construction concessions. Some analysts suggest that his cordial relationship with López Obrador helped his flagship telecom company, América Móvil—the largest in Latin America—maintain its market dominance, amid the growing calls for regulatory bodies to take stronger action to level the playing field.