MEXICO CITY

Mexican venture firm ALL VP has a $73 million first close on its latest fund

Buoyed by international attention from U.S. and Chinese investors and technology companies, new financing keeps flowing into the coffers of Latin American venture capital firms. One day after the Brazilian-based pan-Latin American announced the close of its $150 million latest fund comes word from our sources that ALL VP, the Mexico City-based, early stage technology investor, has held a first close of $73 million for its latest investment vehicle. The firm launched its first $6 million investment vehicle in 2012, according to CrunchBase, just as Mexico’s former President Enrique Peña Nieto was coming to power with a pro-business platform. One which emphasized technology development as part of its strategy for encouraging economic growth. ALL VP founding partner Fernando Lelo de Larrea sai...

Lost migrant, unidentified body: Missing in the Americas

FILE – In this Tuesday, April 25, 2006 file photo, a group of migrants cross the desert between Sasabe, Mexico, and Sasabe, Ariz. As people worldwide flee war, hunger and a lack of jobs, global migration has soared to record highs, with more than 258 million international migrants in 2017. That is an increase of 49 percent from the turn of the century, according to the United Nations. (AP Photo/Gregory Bull) MEXICO CITY – The brothers-in-law knew all too well that crossing the desert leading to the United States could be lethal. One had lost a father on the journey in 1995 and an uncle in 2004. And the two young men had already tried to make the trek just a few months before but surrendered to border patrol agents in exhaustion. Yet Juan Lorenzo Luna and Armando Reyes set off again i...

Lavish wedding tests new Mexico government austerity pledge

next The cover of Hola! magazine features Cesar Yanez, a personal adviser to Mexican President-elect Andres Manuel Lopez Obrador, and his bride Dulce Maria Silva in Mexico City, Thursday, Oct. 4, 2018. The wedding, officiated by an archbishop, with designer dresses, palatial decorations and a huge convention-center reception, was likely the last image Mexico’s austerity-minded president-elect wanted one of his closest advisers projecting, and it quickly drew criticism. (AP Photo/Marco Ugarte) MEXICO CITY – It was a lovely wedding, officiated by an archbishop, with designer dresses, palatial decorations and a huge convention-center reception. But for Mexico’s austerity-minded president-elect, it was likely the last image in the world he wanted one of his closest advisers projecting, a...

Victim families confront Mexico president-elect over amnesty

Mexico’s President-elect Andres Manuel Lopez Obrador greets supporters as he arrives to his party’s headquarters in Mexico City, Thursday, Sept. 13, 2018. Lopez Obrador takes office Dec. 1. (AP Photo/Marco Ugarte) MEXICO CITY –  Mexico’s president-elect faced the toughest, angriest crowd yet since winning the July 1 election, going before relatives of crime victims and disappeared people Friday to try to convince them of his amnesty proposal. Andres Manuel Lopez Obrador has proposed investigations and truth commissions to find out the fate of missing people, but also says some offenders should be pardoned. Some of the relatives who attended the forum in Mexico City reacted angrily, shouting “Justice! Justice!” and “Don’t forgive, don’t forget...

Controversial shopping mall partly collapses in Mexico City

MEXICO CITY –  A newly opened shopping mall on Mexico City’s south side partly collapsed Thursday after structural problems led the mall’s operators to quickly evacuate the area, and no injuries were reported. Officials said a support beam failed in a cantilevered office area on the top floors that stuck out from the main mall building. Restaurant worker Juan Ramon Hernandez said people in the mall were evacuated only about five minutes before the offices sheared off. “We heard a big noise and they began to evacuate us from the plaza,” said Hernandez. “About five minutes later was when the collapse happened.” Videos posted on social media showed the multi-story section collapse in a cloud of dust and twisted metal. Some of it fell into lanes of a major f...