Mexico's government will increase the minimum wage by 12% starting next year to support the poorest workers. The new leftist president assures that this hike will not lead to inflation but will instead foster a "humanist" economy.
Mexico’s Senate has approved a controversial bill that will dismantle autonomous regulatory agencies, including those overseeing antitrust and the energy sector. The legislation, proposed by former President Andres Manuel Lopez Obrador, has now passed both houses of Congress, with the functions of these watchdogs to be absorbed by existing federal ministries.
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