CNN – The Mexican holiday is still celebrated in Mexico, but the local tributes pale next to the giant celebration in the United States, complete with restaurant specials, high-volume advertising and endless promotion. Here are five things you should know about May 5.
The Economist – At the beginning of April international investors made two whopping bets by snapping up the first ever 100-year bond denominated in euros. The first bet was that the euro would still exist a century from now. The second was that the issuer, Mexico, which suffered three long cycles of boom and bust in the past century, would continue to be creditworthy for the next 100 years.
RTCC – In an unprecedented move, the Mexican government has drawn up a strategy to clear slums at risk of climate change-induced natural disasters. To Maria Jose Veramendi, an attorney at environmental law group AIDA Americas, it is the first time climate change has been used to justify slum clearance.
WSJ – Move over, Mexico. When it comes to sending immigrants to the U.S., China and India have taken over. China was the country of origin for 147,000 recent U.S. immigrants in 2013, while Mexico sent just 125,000. India, with 129,000 immigrants, also beat Mexico.
Arizona Daily Star – Mexico has become the main entry point for Cubans aiming to touch American soil, where they’re allowed to stay and apply for permanent residence. The trend has accelerated over the past five years.
News Au – Architects in Mexico City have come up with an ambitious solution to its strict building regulations and designed a massive 300 metre deep inverted skyscraper. Shaped like an upside down pyramid, the building will accommodate 5,000 people and offer retail, housing and cultural attractions with a huge glass ceiling above to provide natural light.
Reuters – Elektrobit Wireless Communications and the Mexican communications ministry signed an agreement regarding development of three types of android-based L-band mobile devices.
Sentido Comun – Bancomext will soon launch a program to finance the needs of the aerospace industry located in Mexico to almost double the current amount of exports and generate 67,000 jobs over the next five years.
EFE – Armed assailants shot and killed Ulises Fabian Quiroz, a mayoral candidate of the ruling Institutional Revolutionary Party, or PRI, in the southern Mexican state of Guerrero.