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Showing posts with the label president

Mexico's president offers to buy US company's coastal property for $375 million to end dispute

Mexico’s president says he has offered to buy an American company’s Caribbean coast property for $385 million to end a bitter, years-long dispute MEXICO CITY -- Mexico’s president said Thursday that he has offer ed to buy an American company ’s Caribbean coast property for about $385 million to end a bitter, years-long dispute . President Andrés Manuel López Obrador said a formal offer would be presented to Alabama-based Vulcan Materials. The company operated gravel extraction pits at the Yucatan peninsula site before López Obrador's administration closed them. The company said it had not yet received the president's proposal or responded to the idea. In papers filed for a case before an international arbitration panel, Vulcan Materials valued the almost 6,000-acre (2,400 hectare) property, located just south of the resort town of Playa del Carmen, at $1.9 billion. López Obrador said his much lower offer was fair and based on a government assessment. He said the most attra...

Algeria's president starting state visit to Russia at invitation of Putin

Algerian authorities say President Abdelmadjid Tebboune has started a three-day state visit to Russia meant to strengthen relations of “friendship and cooperation” at the invitation of Russian President Vladimir Putin ALGIERS, Algeria -- Algerian President Abdelmadjid Tebboune on Tuesday is starting a three-day state visit to Russia meant to strengthen relations of “friendship and cooperation” at the invitation of Russian President Vladimir Putin, authorities said Tuesday. The Algerian presidency said in a statement that Tebboune will attend an economic forum to be held this week in the city of St. Petersburg. Putin’s invitation had been conveyed by Russian Foreign Minister Sergey Lavrov during his visit to Algiers in May last year with the aim of developing bilateral Military , economic and humanitarian ties, and in other areas. Some Algerian media have criticized the visit amid Russia’s war in Ukraine. “The timing is not at all appropriate, as this visit by the president could...

Brazil's new president works to reverse Amazon deforestation

Environmentalists, Indigenous people and voters sympathetic to their causes were important to Luiz Inácio da Silva's election to a third term as Brazil's president RIO DE JANEIRO -- Shaking a traditional rattle, Brazil’s incoming head of Indigenous affairs recently walked through every corner of the agency’s headquarters — even its coffee room — as she invoked help from ancestors during a ritual cleansing. The ritual carried extra meaning for Joenia Wapichana, Brazil’s first Indigenous woman to command the agency charged with protecting the Amazon rainforest and its people. Once she is sworn in next month under newly inaugurated President Luiz Inácio da Silva, Wapichana promises to clean house at an agency that critics say has allowed the Amazon's resources to be exploited at the expense of the environment. As Wapichana performed the ritual, Indigenous people and government officials enthusiastically chanted “Yoohoo! Funai is ours!’’ — a reference to the agency she will l...