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The article discusses a Supreme Court review in Mexico regarding a judicial reform effort that has sparked a conflict between justices and the ruling Morena party. The reform aims to introduce popular elections for Supreme Court members but faces opposition due to concerns about the independence of the judiciary and separation of powers. Morena's efforts to limit the Supreme Court's powers have raised fears of eroding democracy, with uncertainty surrounding the outcome of the court case and potential implications for the country's constitutional order. [Extracted from the article]

The article from Bloomberg.com discusses a Supreme Court review in Mexico regarding a judicial reform effort that has sparked a conflict between justices and the ruling Morena party. The reform aims to introduce popular elections for Supreme Court members but faces opposition due to concerns about the independence of the judiciary and separation of powers. Morena's efforts to limit the Supreme Court's powers have raised fears of eroding democracy and checks on power, with potential implications for the country's future. [Extracted from the article]

Mexico's Lower House passed a constitutional amendment to protect recent changes to the judiciary from Supreme Court decisions. The amendment aims to prevent courts from challenging or suspending constitutional reforms, including the election of federal judges by popular vote. The reform, proposed by former President Andres Manuel Lopez Obrador, has faced opposition from investors, political groups, and the US, who fear it may undermine Mexico's democracy. The amendment's approval may impact the Supreme Court's upcoming discussion on the reform, which has already faced challenges from local judges. [Extracted from the article]

The Mexico Senate voted to prevent courts from challenging constitutional changes approved by Congress, aiming to protect recent judicial reforms from Supreme Court scrutiny. The amendment, passed with a two-thirds majority, will now move to the lower house of Congress for further consideration. The reforms, including the election of federal judges by popular vote, have raised concerns about the separation of powers and democracy in Mexico, with critics accusing the ruling Morena party of consolidating power. Additionally, the Senate approved an energy reform giving the government more control over state companies, sparking worries among investors. [Extracted from the article]

A Mexican federal judges association, known as JUFED, has voted to end their two-month strike but will continue to protest against former President Andres Manuel Lopez Obrador's judicial reform. The reform calls for judges, including those on the Supreme Court, to be elected in 2025 and 2027. Critics argue that this will undermine checks on the ruling party's power and democracy. The resumption of activities in the judicial system is uncertain as the majority of employees are expected to continue the strike. The judicial council has rejected appeals against the reform and ordered the delivery of judge lists for the 2025 elections. President Claudia Sheinbaum has stated that the reform will proceed as it was a decision made by the people of Mexico. [Extracted from the article]

A Mexican federal judges association, known as JUFED, has voted to end their two-month strike but will continue to protest against former President Andres Manuel Lopez Obrador's judicial reform. The reform calls for judges, including those on the Supreme Court, to be elected in 2025 and 2027. Critics argue that this will undermine checks on the ruling Morena party's power and democracy. The resumption of activities in the judicial system is uncertain as the majority of employees are expected to continue the strike. The judicial council has rejected appeals against the reform and ordered the delivery of judge lists for the 2025 elections. [Extracted from the article]

Mexico's Supreme Court has agreed to review a judicial overhaul passed by Congress that allows for the election of judges by popular vote. The reform, proposed by former President Andrés Manuel López Obrador, has faced criticism from various groups, including the US, investors, and companies, who argue that it will undermine democracy and concentrate power in the ruling party. President Claudia Sheinbaum has defended the reform as a decision of the Mexican people, while the president of the Senate has stated that the judiciary has no legal authority to review acts of Congress. The Supreme Court could potentially annul the reform if it finds violations of legislative procedure or the separation of powers. [Extracted from the article]

Mexico's Supreme Court has agreed to review a judicial overhaul passed by Congress that allows for the election of judges by popular vote. The reform, proposed by former President Andrés Manuel López Obrador, has faced criticism from various groups, including the US, investors, and companies, who argue that it will undermine democracy and concentrate power in the ruling party. President Claudia Sheinbaum has expressed support for the reform, stating that it was a decision made by the people of Mexico. The court has accepted four requests to review the reform and will rule on its implications for judicial independence and the division of powers in Mexico. [Extracted from the article]

Mexico's Supreme Court has agreed to review a judicial reform proposed by former President Andres Manuel Lopez Obrador. The reform calls for the election of all Mexican federal judges, including those in the Supreme Court, by popular vote. Critics argue that this could undermine checks on the ruling Morena party's power and weaken democracy. President Claudia Sheinbaum has expressed support for the reform, stating that it was a decision made by the people of Mexico. The president of the Senate, Gerardo Fernández Noroña, has claimed that neither the Supreme Court nor the judiciary have the authority to review acts of Congress, and that the reform will be implemented regardless of the court's decision. [Extracted from the article]

Claudia Sheinbaum has been sworn in as Mexico's first female president, succeeding Andres Manuel Lopez Obrador. Sheinbaum, a member of Lopez Obrador's Morena party, won the most votes in Mexican presidential history and will govern with large majorities in Mexico's congress. In her inaugural address, she pledged to continue her predecessor's efforts to improve the lives of Mexico's poorest people, while also safeguarding foreign investment and maintaining positive relations with the US and Canada. Sheinbaum faces challenges such as an economic slowdown, fiscal deficit, and judicial reform protests. [Extracted from the article]

(Bloomberg) -- Mexican President Andrés Manuel López Obrador signed a bill into law on Sunday that will require all federal judges, including those on the Supreme Court, to be elected by popular vote.AMLO, as the president is known, signed the document in a video published on social media. He was accompanied by President-elect Claudia Sheinbaum.The new law mandates that starting next year, members of the Supreme Court will be elected in a national vote along with half of all federal judges, rather than by appointment.©2024 Bloomberg L.P.By Rafael GayolReported by Author [Extracted from the article]

Mexico's Senate has approved President Andres Manuel Lopez Obrador's plan to reform the country's judicial system, which aims to select the Supreme Court and federal judges through popular election. The constitutional reform proposal received a two-thirds majority in both houses of Congress and now needs the backing of state legislatures, most of which are controlled by the ruling Morena party. Critics argue that the reform will undermine democracy by eliminating checks and balances, while supporters believe it will root out judicial corruption and strengthen democracy and justice. [Extracted from the article]

(Bloomberg) -- Mexico's Senate approved the general text of President Andres Manuel Lopez Obrador's plan to overhaul the country's judicial system, bringing his administration closer to controlling the only branch of government that eluded the outgoing leader during his six-year term.The constitutional reform proposal, whose core goal is to elect all federal judges by popular vote, was approved early Wednesday with 86 votes in favor and 41 votes against.©2024 Bloomberg L.P.By Alex VasquezReported by Author [Extracted from the article]

President Andres Manuel Lopez Obrador's judicial reform proposal in Mexico is set to pass the Senate with the support of opposition senator Miguel Angel Yunes Marquez. The reform aims to elect all of Mexico's federal judges by popular vote. Yunes Marquez, a member of the opposition PAN party, stated that after evaluating the reform, he has decided to vote in favor of it. This decision is seen as crucial in securing the approval of the plan in the Senate. [Extracted from the article]

President Andres Manuel Lopez Obrador's judicial reform proposal in Mexico is set to pass the Senate with the support of opposition senator Miguel Angel Yunes Marquez. The reform aims to elect all of Mexico's federal judges by popular vote. Yunes Marquez, a member of the opposition PAN party, stated that after evaluating the reform, he has decided to vote in favor of it. This decision is seen as crucial in securing the approval of the plan in the Senate. [Extracted from the article]

Speculation is growing that Mexican opposition senator Miguel Angel Yunes Marquez may provide the deciding vote needed to pass a judicial overhaul proposed by President Andres Manuel Lopez Obrador. Yunes, a member of the PAN party, has been the subject of media attention and is seen as the most likely opposition senator to support the ruling party's plan for constitutional reform. His colleagues have been unable to reach him, and one news outlet has reported that he has switched sides. The reform, which aims to have all federal judges elected by popular vote, has faced criticism for potentially reducing the independence of the judiciary. [Extracted from the article]

Investors have been putting money into an exchange-traded fund (ETF) that tracks Mexican stocks, resulting in the largest weekly inflows this year. This comes as traders "buy the dip" following the recent decline of the peso due to uncertainties surrounding Mexico's controversial judicial reform. The reform, which aims to elect federal judges by popular vote, has raised concerns about democracy and judicial independence. Despite the risks, some investors are pricing in a scenario where the reform is watered down, minimizing disruptions. [Extracted from the article]

Mexico's lower house of Congress has approved President Andres Manuel Lopez Obrador's proposal to reform the country's judicial system. The proposal aims to elect all federal judges by popular vote, a move that critics argue could jeopardize democracy. The ruling Morena party and its allies used their majority to pass the proposal, which will now be discussed in the Senate. The plan has faced opposition from judges, the Mexican opposition, investors, and the US, who believe it will undermine judicial independence and give the ruling party control over the judiciary. [Extracted from the article]

Mexico's Supreme Court justices have gone on strike to protest President Andres Manuel Lopez Obrador's proposed reform of the judicial system. The reform would require all judges, including those on the Supreme Court, to be elected by popular vote. Critics argue that this change would weaken democracy by allowing the ruling coalition to control all branches of power simultaneously. The reform is currently being discussed in the lower house, where the ruling Morena party and its allies hold a majority. The strikes have not fully paralyzed judicial proceedings, as staff on duty continue to handle urgent tasks. [Extracted from the article]

Mexico's Supreme Court judges have decided to participate in labor protests against President Andres Manuel Lopez Obrador's judicial reform plans. The decision was made with eight votes in favor and three against. The proposed reform would require all Mexican judges, including those on the Supreme Court, to be elected by popular vote, which critics argue could jeopardize democracy. The reform is scheduled to be discussed in the lower house, but access to the legislature has been blocked by demonstrators. [Extracted from the article]

Lawmakers in Mexico have been forced to relocate to a sports center due to protests against President Andres Manuel Lopez Obrador's judicial reform bill. The bill aims to make all Mexican federal judges, including those on the Supreme Court, elected by popular vote. While the president argues that the reform will combat judicial corruption, it has faced criticism from judges, the opposition, investors, and US officials who believe it will undermine judicial independence and give the ruling party too much control. The bill is a priority for Lopez Obrador before he leaves office at the end of September. [Extracted from the article]

Protesters in Mexico formed a human chain to block access to the country's lower house of Congress in opposition to President Andres Manuel Lopez Obrador's judicial reform bill. The bill, which aims to make all federal judges elected by popular vote, is a priority for Lopez Obrador before he leaves office. However, it has faced criticism from judges, the opposition, investors, and US officials who argue that it will undermine judicial independence and give the ruling party too much control. The ruling party and its allies hold a majority in the lower house, which could allow them to approve the proposed changes to the constitution. [Extracted from the article]

The Mexican peso initially gained but later trimmed its rally after President-elect Claudia Sheinbaum announced that two opposition senators had joined the ruling coalition, bringing the government closer to the supermajority needed to change the constitution. The peso's volatility has increased in recent months following the ruling party's unexpected landslide victory in June's election. Traders are concerned about potential political developments, such as President Andres Manuel Lopez Obrador's plan to overhaul the judicial system, which could impact the independence of judges and checks on the ruling party's power. The peso has also been affected by global factors, including carry trade unwinding and uncertainty surrounding the upcoming US presidential election and economy. [Extracted from the article]

The Mexican peso initially gained but later trimmed its rally after President-elect Claudia Sheinbaum announced that two opposition senators had joined the ruling coalition, bringing her government closer to the supermajority needed to change the constitution. The peso has experienced increased volatility in recent months following the ruling party's unexpected landslide victory in June's election. The currency has depreciated by almost 14% since the vote, making it the worst-performing major currency. Investors have been concerned about President Andres Manuel Lopez Obrador's plan to overhaul the judicial system, fearing it may undermine the independence of judges and consolidate the ruling party's power. [Extracted from the article]

The Mexican peso has rebounded after the incoming leader of the ruling party in the lower house stated that a proposal to overhaul the country's judiciary will not be rushed by congress. The peso had previously dropped due to concerns that the judicial reform may limit the independence of judges and consolidate power for the ruling party. The plan includes replacing all Supreme Court justices with new ones elected by popular vote. Despite the recent rally, the peso remains weaker this year and has been affected by global carry trade unwinding. [Extracted from the article]

Mexico President Andres Manuel Lopez Obrador has put his relationship with US Ambassador Ken Salazar "on pause" after Salazar criticized Lopez Obrador's planned judicial overhaul. Salazar warned that the reform plan, which would require popular election of federal judges, posed a risk to Mexico's democracy and could make it easier for drug cartels to infiltrate the judiciary. Lopez Obrador clarified that the pause only applies to his relationship with the embassies, not the US and Canadian governments as a whole. The reform plan aims to root out corruption in the judiciary, but opposition and investors have raised concerns about its impact on judicial independence and checks on the ruling party's power. [Extracted from the article]

President Andres Manuel Lopez Obrador's Morena party and its allies will have a supermajority in Mexico's lower house, but will fall two seats short of a two-thirds majority in the Senate, according to the National Electoral Institute. The coalition's 364 lawmakers in the lower house surpass the 334 needed for a two-thirds majority, which is required to approve constitutional changes. However, the coalition will need to negotiate with rivals to pass constitutional reforms due to falling short of a Senate supermajority. The final decision on the number of seats each party will have in both houses will be made by Mexico's top electoral court next week. [Extracted from the article]

President Andres Manuel Lopez Obrador of Mexico has criticized the US ambassador, Ken Salazar, for making disrespectful comments about Mexico's plans to reform its judiciary. Salazar had warned that the proposal to elect judges could threaten Mexico's democracy and make it easier for drug cartels to infiltrate the judiciary. However, Lopez Obrador argued that the reform would help combat corruption and ensure that judges represent the people and impart justice. The Mexican president emphasized that Mexico does not accept foreign interference in its affairs. [Extracted from the article]

Mexico's peso is experiencing a significant decline, causing disruption for traders who were previously bullish on the currency. The peso has fallen almost 4% against the dollar this week and over 14% in the past three months, making it the worst-performing currency among its peers. Concerns about the US economic and political outlook, local politics, and the dismantling of carry trades have contributed to this decline. The peso's recent weakness is a stark reversal from its previous status as the best-performing emerging-market currency. The ruling Morena party's victory in legislative elections in June raised concerns among investors about potential anti-market reforms, including an overhaul of the judicial system. The new political landscape, along with fears of a potential slowdown in the US and the upcoming presidential elections, has added to the uncertainty surrounding the peso. The decline in the peso has also affected Mexico's stock market, with Morgan Stanley downgrading local equities to underweight. Other currencies in Latin America have also experienced increased volatility as traders unwind carry trades. Bank of America strategists have advised clients to avoid exposure to Latin America and instead favor trades with weak correlation to global risk. [Extracted from the article]

Thailand's largest opposition party, the People's Party, plans to limit the power of the Constitutional Court, which recently dissolved the popular Move Forward party and removed the prime minister from office. The People's Party aims to introduce legislation that would make it more difficult for the court to dissolve political parties and reduce penalties for politicians. Critics argue that the court's actions undermine democracy and serve the interests of the pro-royalist establishment. The new opposition party, named after the group that ended absolute monarchy in 1932, will prioritize court reforms over changes to the controversial lese majeste law. [Extracted from the article]

Mexico's congress may approve President Andres Manuel Lopez Obrador's proposed judicial reform before he leaves office in September, according to Senator Ricardo Monreal. The reform, which would require all Mexican judges to be elected by popular vote, has faced opposition from opposition parties and advocacy groups who see it as a threat to democracy. However, the governing Morena party's recent victories in congressional elections have increased the likelihood of the reform's approval. The reform would require a two-thirds majority vote in both houses of congress. [Extracted from the article]

President Joe Biden is attempting to stabilize his reelection campaign by appealing to progressive Democrats. He has proposed ambitious plans to eliminate medical debt, cap rent increases, and impose new restrictions on the Supreme Court. Despite concerns about his age and fitness, Biden has been engaging in various campaign activities, including press conferences, interviews, rallies, and conferences with Black and Latino communities. Progressive Democrats view their support for Biden as a strategic decision and an opportunity to advance their policy goals. However, there are still concerns within the party about Biden's age and his ability to win over voters. [Extracted from the article]

President Joe Biden is considering proposing significant reforms to the Supreme Court, including implementing term limits for justices and an enforceable ethics code. These potential changes come as Biden seeks to gain political support for his presidential campaign. However, it is unlikely that these reforms will become law, as Congress is not expected to take up major legislation before the upcoming election. Liberal members of the Democratic caucus have been advocating for changes to the Supreme Court, particularly after conservative justices made decisions on Republican policy priorities. President Biden has criticized the court's recent decisions and believes they are out of touch with the intentions of the Founding Fathers. Former President Donald Trump has accused Democrats of attacking the Supreme Court with these proposed reforms. Democratic efforts to reform the court have been ongoing since Senate Republicans blocked President Barack Obama's nomination of Merrick Garland. President Biden previously established a commission to study the Supreme Court, but it did not provide any recommendations. [Extracted from the article]

President-elect Claudia Sheinbaum of Mexico has addressed concerns about the potential involvement of her predecessor, Andres Manuel Lopez Obrador (AMLO), in her administration. Sheinbaum dismissed the idea that AMLO would direct her from afar, but acknowledged that she may seek his advice in the event of a crisis. AMLO, who is set to retire and focus on writing a book, is expected to maintain some level of influence in national politics. Sheinbaum, who will assume office on October 1, plans to announce additional members of her cabinet soon. [Extracted from the article]

The Mexican peso has continued to weaken as President Andres Manuel Lopez Obrador emphasizes the importance of a judicial reform that critics fear could undermine checks on the ruling party. The president describes the reform as urgent and hopes it can be approved before his term ends in September. The currency's decline is causing concern among investors, who worry that the reform could lead to a deterioration in Mexico's outlook. Morgan Stanley predicts further losses for the peso and suggests buying USD/MXN on dips below 18.00. [Extracted from the article]

President Andres Manuel Lopez Obrador is pushing for a fast judicial reform in Mexico, which has raised concerns among critics who fear it could weaken checks on the ruling party. The peso has been negatively affected by this news, weakening by 1.1% in New York. President-elect Claudia Sheinbaum also supports the reform but believes it should be widely discussed by law schools and judiciary workers. The president emphasized the importance of true rule of law and denied any involvement in corruption. The peso's decline since Sheinbaum's election has raised concerns that AMLO's reforms may be pushed through before she takes office in October. [Extracted from the article]

Mexico's peso has fallen after President-elect Claudia Sheinbaum announced that a proposed reform of the country's judicial system would be one of the first topics discussed in congress. The reform would put judges elected by popular vote on the Supreme Court and other lower courts, potentially changing the balance of power in Mexico. Investors are concerned that this reform could erode checks on the ruling party. Sheinbaum also mentioned other reforms, such as a pension plan reform and a ban on reelection to public office, that would be addressed during the political transition. [Extracted from the article]

Mexico's peso has fallen after President-elect Claudia Sheinbaum announced that a proposed reform of the country's judicial system would be one of the first topics discussed in congress. This has concerned investors who fear that the reform will weaken checks on the ruling party. Sheinbaum plans to propose the reform for wide debate, involving not only Congress but also academics and civil society groups. The proposed judicial reform would introduce judges elected by popular vote, potentially altering the balance of power in Mexico. Other reforms to be addressed include changes to the pension plan for public workers and a ban on reelection to public office. [Extracted from the article]

Mexico's peso has dropped after President-elect Claudia Sheinbaum announced that a proposed reform of the country's judicial system would be one of the first topics discussed in congress. The reform would involve electing judges by popular vote, potentially altering the balance of power in Mexico. Investors are concerned about the impact this could have on the business environment, with some economists predicting high volatility in the exchange rate. Senate Majority Leader Ricardo Monreal has attempted to reassure investors by stating that the ruling party will consider market implications when discussing constitutional reforms. [Extracted from the article]

(Bloomberg) -- Mexico's peso sank after President-elect Claudia Sheinbaum said a proposed reform of the nation's judicial system would be among the first to be discussed in congress.The currency fell as much as 1.7% against the dollar in early Asia trading following her comments, delivered during a speech late on Monday in Mexico City. It was the strongest move in emerging-market currencies, with liquidity still thin. The dollar index rose 0.1%.©2024 Bloomberg L.P.By Maya AverbuchReported by Author [Extracted from the article]

Moldova's president, Maia Sandu, has appointed Ion Munteanu as the nation's general prosecutor, ending months of delays and a vetting process marked by scandals. Munteanu, who previously worked in the anti-corruption department, will take on the role permanently. This appointment is part of Moldova's efforts to meet the European Commission's criteria for EU accession, with the goal of joining the EU by 2030. Moldova's judiciary has faced accusations of corruption and the EU's requirements aim to promote judicial reforms by appointing independently-vetted prosecutors and judges. [Extracted from the article]

The European Union is expected to resolve its dispute with Poland over democratic backsliding, which will be a boost for Prime Minister Donald Tusk. The European Commission President has stated that the Article 7 procedure, which threatened to strip Poland of its voting rights, can be closed. This decision comes after Poland's government presented a plan to restore judicial independence, which was the main point of contention. The approval of the decision still requires sign-off from EU member states. [Extracted from the article]

The European Union (EU) plans to present a negotiating framework for Ukraine's accession talks next week, according to Commission Vice President Valdis Dombrovskis. The EU will recommend that member states adopt the framework once Ukraine fulfills certain conditions. The negotiating framework establishes guidelines for the accession negotiations, and the European Council will present it at the start of the talks. While progress towards EU membership would boost morale in Ukraine, the negotiations are expected to be lengthy and complicated, with Croatia's application taking 10 years before being accepted in 2013. [Extracted from the article]

Ukraine's parliament has passed a new law on lobbying, which was recommended by the European Commission as a condition for EU accession negotiations. The law defines lobbying according to international standards and must be implemented by January 1, 2025. The European Union has agreed to begin membership talks with Ukraine, but has set additional conditions related to judicial reforms and media freedoms. The new law aims to reduce corruption and the influence of oligarchs on state management by introducing transparent and open rules for legal influence on Ukrainian state policy. The law also includes a mandatory transparency register for individuals interacting with politicians and officials for their own commercial interests, and prohibits political parties, media, religious organizations, and election candidates from serving as lobbyists or promoting their interests through lobbyists. [Extracted from the article]

The European Union is expected to approve the release of €6.3 billion in post-pandemic aid to Poland, signaling confidence in the new government's efforts to improve relations with Brussels. The aid has been blocked due to concerns over the rule of law, specifically controversial changes in the judiciary made by the previous administration. The approval of this aid would also pave the way for an additional €76 billion in cohesion funds for Poland. The current government has implemented temporary solutions to meet the conditions for the release of the funds, including taking control of a contested regime for disciplining judges and applying to join the EU's Public Prosecutor's Office. [Extracted from the article]

The European Union is expected to release €6.3 billion in post-pandemic aid to Poland next week, signaling confidence in the new government's efforts to improve relations with Brussels. The aid has been blocked due to concerns over Poland's rule of law, specifically changes in the judiciary made by the previous administration. The EU's decision would also pave the way for an additional €76 billion in cohesion funds for Poland. The current government has implemented temporary solutions to meet the EU's conditions, including taking control of a regime for disciplining judges and applying to join the EU's Public Prosecutor's Office. [Extracted from the article]

The European Union has cautiously welcomed Poland's plan to restore the rule of law, which aims to unlock €60 billion in post-pandemic aid. The plan includes various judicial reforms that seek to address concerns over democratic standards under the previous nationalist administration. European Commission Vice President Vera Jourova believes the plan is realistic but acknowledges that there is still much work to be done. Since coming to power, Prime Minister Donald Tusk's coalition has prioritized repairing relations with Brussels by restoring the independence of the court system. [Extracted from the article]