Trust Carlos Slim! Just when most of the rest of Mexico is preparing for Saturday’s inauguration of Enrique Peña Nieto as president, the world’s richest man has titillated the taste buds of a TV crazy nation.

On Friday, Slim’s América Móvil will launch in Mexico a Netflix-style service known as Clarovideo. Subscribers to Clarovideo – which is already underway in several other Latin American countries – will pay only about $5 a month, some two thirds the cost of Netflix. Read more