Avon has declared BANKRUPTCY; what will happen to its operations in Mexico?
Brazilian cosmetics maker Natura &Co NTCO3.SA posted better-than-expected second-quarter earnings from its core business late on Monday but saw its bottom line hit by writedowns as U.S. subsidiary Avon Products filed for bankruptcy protection. Why it matters Natura &Co is a cosmetics giant that has pushed through a turnaround, shedding global assets including sales of […]
Rental and sales prices in 3 Mexican cities maintain trend
In the first half of the year, rental and sale prices in three of Mexico’s main cities (Mexico City, Guadalajara, and Monterrey) have followed the trend observed since the end of last year. According to Inmuebles24, Monterrey stands out with the highest prices for both rent and sale per square meter. According to data from […]
How much does a federal deputy earn? This is the salary they receive
Mexico has 500 federal legislators for the Chamber of Deputies, the bilateral body that makes up the Legislative Branch. They are responsible for constitutionally representing the people to make decisions to legislate. Given this responsibility, the question arises: how much does a federal deputy earn in Mexico? We tell you the details below. How is […]
Misappropriation of resources? Residents imprison a mayor and his council in Magdalena Apasco, Oaxaca
In Oaxaca, residents of the municipality of Magdalena Apasco decided to imprison the mayor and his councilors, after failing to account for the city council’s budget to the residents. Since Sunday, June 11, councilor Virgilio Pérez Santiago and ten other members of his council remained detained in the cells of the town’s municipal palace, until […]
Who, how and when they have to file a tax return
Being aware of the tax obligations you have as a legal or physical person, and fulfilling them in a timely manner is essential to protect yourself from unexpected payments and high fines, which could affect your finances. It is important to find a way to be aware of your obligations as a physical person, by […]
Honduras, Cuba and Haiti are the countries with the most migrants seeking refuge in Mexico
Between January and July 2024, it was observed that Hondurans, Cubans and Haitians account for the majority of asylum applications in Mexico. Together they represent 72% of all asylum requests. The migration crisis due to violence and poverty in Latin America has generated the largest flows of people seeking asylum; most seek to reach the […]
Underpass opens at Paseo 5 de Febrero and Avenida de las Torres
This Sunday morning, the underpass connecting Paseo 5 de Febrero with Avenida de las Torres was finally opened. This new underpass will allow motorists to go to the area of the city that connects with colonies such as Galindas, Ejido Modelo, La Capilla and Prados de la Capilla. It also facilitates access to the Plaza […]
Poverty among older adults was significantly reduced between 2016 and 2022
Despite the Covid-19 crisis that Mexico went through during 2020 and 2021, older adults were the only age group that managed to maintain the downward trend in poverty levels, both extreme and moderate. Extreme poverty is one of the largest and most persistent structural problems in Mexico and although it has been reduced in recent […]
Ixtapa-Zihuatanejo hotels intensify international promotion
Ixtapa-Zihuatanejo hotels have stepped up their international promotion efforts in anticipation of the upcoming winter holiday season, with the goal of attracting a greater number of foreign tourists. The president of the Ixtapa-Zihuatanejo Hotel Association, Luis Castañeda Muñoz, reported that most of the destination’s hotels have started promotional campaigns through both electronic and physical travel […]