Mexico

Biden Considers Tariff Exemptions for Solar Modules Imported from Mexico

1 day ago

In a significant development for the solar energy sector, President Joe Biden is contemplating a tariff reprieve for solar panels and modules imported from Mexico. This potential tariff exemption aims to accelerate the United States' transition to renewable energy while addressing domestic supply chain issues exacerbated by previous trade policies.

Mexico City Gears Up for a Smooth and Safe FIFA World Cup 2026

2 days ago

As the countdown to the 2026 FIFA World Cup begins, Mexico City is taking significant steps to ensure a seamless experience for fans and players alike. The ambitious preparations are centered on enhancing both mobility and security, key components that will define the success of the tournament in one of Latin America’s largest urban centers.

Mexico Cuts Interest Rates for the Fourth Consecutive Time as Inflation Eases

3 days ago

In a significant turn of monetary policy, Mexico's central bank has announced its fourth straight interest rate cut, responding to a gradual decline in inflationary pressures. As inflation in the country continues to slow, the decision to ease interest rates reflects a careful balancing act aiming to stimulate economic growth while maintaining price stability.

Mexico Implements Significant Tariff Increases to Boost Textile Industry Employment

3 days ago

In a decisive move aimed at bolstering domestic job opportunities, Mexico has announced substantial hikes in tariffs, some reaching as high as 35%. This policy change focuses primarily on the textile and apparel sectors, which have been identified as critical for employment across the nation.

Walmart's Mexico Subsidiary Accused of Market Manipulation by Regulatory Watchdog

9 days ago

In a recent development, Walmart's Mexican arm has come under scrutiny from Antitrust Watchdog, a regulatory body that oversees fair competition practices. The organization has released a report claiming that the retail giant has engaged in practices that abuse its dominant market position, potentially stifling competition and harming smaller businesses within the region.

Mazda's Future in Mexico: A Crucial Moment Based on Trump's Tariff Decisions

11 days ago

In a significant development for the automotive industry, Mazda's substantial investment plans in Mexico are currently dependent on the potential tariff decisions set to be made by former President Donald Trump. This situation arises amidst ongoing complexities and uncertainties regarding trade relations between the United States and Mexico.

Mexico's Lower House Unanimously Approves Landmark Gig Worker Reform

12 days ago

In a significant move towards improving labor conditions for gig economy workers, Mexico's Lower House of Congress has voted unanimously to pass a comprehensive reform bill aimed at enhancing the rights and protections of individuals engaged in freelance and temporary work. This legislative action marks a pivotal moment in the recognition of gig workers' contributions to the economy and seeks to rectify longstanding issues relating to job security and benefits.

Plata Card Secures Banking License in Mexico: A Landmark Move for Fintech

12 days ago

In a significant development for the fintech landscape in Mexico, Plata Card has successfully obtained a banking license, marking a pivotal moment not only for the company but also for the growing digital banking sector in the country. This approval comes as many traditional banks are reevaluating their business models amid increasing competition from innovative startups like Plata.

Mexico Launches Investigation into Deadly Bacterial Outbreak Claiming 17 Young Lives

12 days ago

In a harrowing incident in Mexico, authorities are delving into a troubling outbreak of bacteria within a hospital environment that has tragically led to the deaths of 17 children. This alarming event has sparked widespread concern among families, healthcare professionals, and government officials as they seek to understand the origins of the infections and prevent future occurrences.

BMW Faces Stagnant Sales in Mexico Amid Trade Pressures and Currency Challenges

13 days ago

In a recent update from the automotive sector, BMW has reported flat sales in Mexico, attributing the stagnation to the ongoing repercussions of Trump-era tariffs coupled with a weakened peso. The company’s struggle reflects broader challenges facing the auto industry in Mexico, highlighting the implications of both international trade policies and domestic economic conditions.