Mexico

NAFTA completes 15 years in the midst of grave economic crisis

Mexico City/Washington  - The North American Free Trade Agreement (NAFTA) is completing 15 years as an economic crisis, with its epicentre in the United States, has shaken its three pillars: commerce, investment and employment.

The anniversary coincides with the worst moment in several decades for the world economy, and as the White House is set to be occupied by Barack Obama, a fierce critic of NAFTA during the US presidential campaign who has pledged to renegotiate it.

The pact between the United States, Mexico and Canada - the flagship of several free-trade agreements in Latin America - took effect January 1, 1994 when Carlos Salinas de Gortari and Bill Clinton were presidents of Mexico and the US.

Slim's family dismisses report of Honda Formula 1 purchase

Slim's family dismisses report of Honda Formula 1 purchaseMexico City - The son of Mexican billionaire Carlos Slim dismissed a report that his father was interested in buying the Honda Formula One team for the symbolic price of 1 dollar, the daily newspaper Reforma reported Sunday.

Reforma said it had received a statement dismissing the story from Carlos Slim Domit, son of the billionaire and second richest man in the world.

The Italian newspaper La Stampa reported earlier Sunday that Slim would have to invest some 300 million euros (421 million dollars) to finance the team next season

Death toll rises to two in Mexican small plane crash

Death toll rises to two in Mexican small plane crash Mexico City  - The death toll rose to two on Sunday in a small plane crash in northern Mexico a day earlier.

Two passengers died of their injuries and three others were also severely injured when the Cessna crashed and caught on fire less than half a kilometre from the airstrip at the Ramos Arizpe airport in Coahuila state, officials said.

The occupants, reporters and provincial government officials, suffered severe burns and were brought to a clinic in San Diego, California. One of the journalists was practically unhurt.

One dead, four injured in Mexican plane crash

One dead, four injured in Mexican plane crashMexico City  - A small plane crashed in northern Mexico on Saturday and one of its passengers later died from injuries sustained during the accident.

Four others were also severely injured when the Cessna crashed and caught on fire less than half a kilometre from the airstrip at the Ramos Arizpe airport in Coahuila state, officials said.

The occupants, reporters and provincial government officials, suffered severe burns and were brought to a clinic in San Diego, California. One of the journalists was practically unhurt.

Mexican navy seizes 3 tonnes of marijuana

Mexican navy seizes 3 tonnes of marijuanaMexico City  - The Mexic

Millions of people make pilgrimage to Mexico's Guadalupe sanctuary

Millions of people make pilgrimage to Mexico's Guadalupe sanctuary Mexico City - Pilgrims from across Mexico arrived Friday at the Basilica of Our Lady of Guadalupe in a northern district of the Mexican capital, to celebrate the feast of the so-called Virgin Morena, Mexico's popular patron.

Every year, more than 5 million faithful take part in the pilgrimage to the Guadalupe sanctuary on December 9-12. There, they sing to the images of the Virgin in the early hours of December 12 to celebrate her apparition to an indigenous man named Juan Diego in 1531, according to popular belief.

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