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Mexican Senate debates allowing foreign firms to drill for oil

Mexico’s Senate opened a debate Tuesday on controversial legislation to break the country’s oil monopoly by allowing foreign firms to drill for crude for the first time in 75 years. The bill — which has sparked demonstrations — is the centerpiece of President Enrique Pena Nieto’s sweeping reform drive, which…

Mexican senate approves new taxes on junk food and soda

Mexico’s Senate passed a vast fiscal reform on Thursday to increase the government’s lackluster tax revenue through new levies on higher earners, junk food and soda. The reform was championed by President Enrique Pena Nieto to boost government coffers in order to invest in infrastructure and create a universal social…

Corporations push back against Mexico’s proposed junk-food tax

Via lobbying and full-page newspaper advertisements, big companies and health advocates are pressing lawmakers in a fight over soda and junk-food taxes to curb Mexico’s obesity epidemic. The Senate is debating legislation that would impose a five-percent tax on high-calorie snacks such as sweets and potato chips as well as…

U.S. intel chief disputes newspaper reports about spying operation on France and Mexico

The U.S. intelligence chief said French newspaper reports about America’s espionage activities abroad contained inaccurate and misleading information, the latest flap stemming from U.S. intelligence-gathering efforts. Meanwhile, the United States faced anger on yet another front in the unfolding saga, this time from Mexico. The key U.S. neighbor and ally…

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