Mexiconews

Apollo Global Management, one of the world’s largest alternative asset managers, is planning to launch a fund of up to US $20 billion in private credit to finance diverse projects in Mexico, in a move that seeks new opportunities for its private lending business. Sources familiar with the matter who spoke on condition of anonymity told Bloomberg Online that conversations are underway to finance infrastructure projects through private lending structures, a market that has gained traction as an alternative to traditional bank financing.  Apollo’s fund for private credit aligns with Plan México, which seeks to boost economic development through combining public spending with private funding for strategic projects, including renewable energy infrastructure. (Zbynek Burival / Unsplash) Such sources indicated that Apollo offers faster closing times and longer-term financing than commercial or development banks. Bloomberg Online said Apollo declined to comment. The potential deal co...

President Claudia Shenbaum traveled to Quintana Roo Thursday evening for a weekend trip focused on reviving Tulum’s tourism industry, tackling a sargassum seaweed crisis that has fouled the region’s beaches and mediating a dispute over entrance fees at Jaguar National Park. She gave her Friday press conference from the troubled tourist hotspot, which has seen a slump in tourism over the past year, amid   elevated levels of violence last year and massive arrivals of sargassum. Estamos en Tulum, Quintana Roo. Mañana daremos noticias en la mañanera. pic.twitter.com/DvzJoavKkQ — Claudia Sheinbaum Pardo (@Claudiashein) July 17, 2026 At the conference, Tourism Minister Josefina Rodríguez unveiled new measures as part of the Tulum Reborn plan. The tourism plan, launched last November, seeks to kick-start the region’s declining visitation numbers. The new strategies include offering free entry to Jaguar National Park for Mexicans, reduced archaeological site fees, a new public transp...

A powerful earthquake followed by five significant aftershocks rattled southern Mexico on Friday morning, prompting emergency evacuations in major cities and the activation of state and federal security and verification protocols. President Claudia Sheinbaum spoke to the governors of Chiapas and Tabasco, saying in a social media post afterward that no initial damage had been reported. However, the Pacific Tsunami Warning Center issued an alert for Mexico’s southern Pacific coastline and Sheinbaum advised residents of Oaxaca and Chiapas to stay away from the ocean until late afternoon. The epicenter of the initial earthquake, which the National Seismological Service registered at M7.4 on the Richter scale (with the M standing for magnitude), was located about 58 kilometers off the coast of Puerto Madero, Chiapas. The earthquake was recorded at just before 8:49 a.m. at a depth of 10 kilometers, and was felt with strong intensity in the Tabasco state capital of Villahermosa about 500...

Mexico’s Security Cabinet has rejected DEA Administrator Terry Cole’s assertion that there is a “deadly connection” between the Mexican government and drug cartels, saying there is no basis for his claim. Cole, head of the U.S. Drug Enforcement Administration since July 2025, made the assertion on Tuesday at the DEA Fentanyl Free America Summit in Orlando, Florida. The claim is reminiscent of the White House’s assertion in early 2025 that “Mexican drug trafficking organizations have an intolerable alliance with the government of Mexico.” According to Reuters , Cole also said that the Mexican government and cartel networks are “one … [and] the same.” The DEA chief said last month that combating Mexican cartels, including the Sinaloa Cartel and the Jalisco New Generation Cartel, was “priority number one of the DEA.” In a statement issued on Tuesday afternoon, the federal Security Cabinet — whose members includ...

The U.S. Treasury on Wednesday formally designated two Mexican crime groups as “foreign and global terrorist organizations,” joining six other Mexican cartels that the U.S. has labeled as terrorists. Officially, the Treasury changed the designation of the two groups — the Juárez Cartel and the Los Viagras cartel — by adding them to the Office of Foreign Assets Control’s list of “Specially Designated Nationals” (“SDNs”).  U.S. Treasury Secretary Scott Bessent, whose Treasury Department formalized the new terrorist designations, justified the action by saying that they “highlight the diverse and insidious ways in which cartels engage in violent activities and exploit legitimate commerce.” (U.S. Treasury) “The sanctions announced … highlight the diverse and insidious ways in which cartels engage in violent activities and exploit legitimate commerce,” U.S. Treasury Secretary Scott Bessent said on Wednesday. On the practical level, once an organization is designated as an SDN...

After a meeting in Mexico City on Wednesday with Panamanian President Juan Raúl Mulino Quintero, President Claudia Sheinbaum expressed the Mexican government’s support for the Panama Canal neutrality protocol. Her remark during a joint press conference with Mulino at the National Palace comes after U.S. President Donald Trump’s repeated threats to retake control of the canal, which was formally transferred to Panama on Dec. 31, 1999. Two weeks ago, Trump said that the United States wouldn’t let China take control of the Panama Canal, a vital shipping route that connects the Pacific and Atlantic Oceans. Mulino, a center-right president elected in 2024, noted that Panama and Mexico are both “bridge nations,” in that Mexico links North America to Latin America and Panama is the connection between North and South America. “We are, because of our vocation and geography, countries that unite,” he said. (Matio Jasso / Cuartoscuro.com) On Wednesda...