The pieces are in place for Mexico to emerge as a manufacturing hub. US-China tensions have opened the door for an export surge, with companies lining up for power permits in previously undeveloped areas and bidding wars breaking out for industrial space. However, the country is still waiting for a significant influx of foreign investment […]
Canadian mining companies pause investments in Mexico; call for certainty
Canadian mining companies are waiting for legal certainty to invest 12 billion dollars in Mexico, said the trade policy advisor of the Canadian Embassy in Mexico, Julie Poirier, during the Annual Meeting of Industrialists (RAI) in its 2024 edition. During her participation in the Active and Cutting-Edge Industrial Policy panel in the face of the […]
The IMF reduces its growth forecast for Mexico for the third time: 1.5% in 2024
Mexico’s economic outlook continues to worsen. The International Monetary Fund (IMF) has revised downwards, for the third time, its growth forecasts for the Latin American country by 0.7 points for this year, placing it at 1.5%. In 2025, the cut is 0.3% compared to the previous report, in July, to set the Gross Domestic Product […]
IMF suggests reviewing tax rates
The International Monetary Fund (IMF) called on countries with low tax collection, “like Mexico,” to review tax rates and the tax base, to strengthen their source of public revenue so that it finances development needs. Within the Fiscal Monitor, a semi-annual analysis of public finances, they specifically recommended reviewing the advantages that the Value Added […]
Businessmen from Mexico and the United States promise Sheinbaum 20 billion dollars in investments by 2025
The president of Mexico, Claudia Sheinbaum, and businessmen from Mexico and the United States have taken the first step to reestablish relations that until the previous six-year term were distant. After a meeting of just over an hour with 240 executives from both sides of the border, the businessmen have promised a fund of 20 […]
New Gmail Security Alert For 2.5 Billion Users As AI Hack Confirmed
Warning: Sophisticated Gmail Scams Using AI-Driven Attacks Google has implemented advanced protections against hackers who target Gmail accounts. However, scammers are evolving their tactics to use artificial intelligence (AI) to trick even experienced users into revealing sensitive information. The Latest Scam: A “Super Realistic” AI Call Microsoft solutions consultant Sam Mitrovic recently shared a warning […]
Mexico must stop itself from becoming China’s Trojan Horse
This week, China faced a significant economic setback as the European Commission decided to impose tariffs of up to 45 percent on its electric cars. Similarly, the U.S. announced tariffs of up to 100 percent last May, and Canada is set to implement a 100 percent tax. In contrast, Mexico, a trade partner of both […]
After Tesla snub, Mexico vows production of its own compact EVs
After being snubbed by Tesla, President Claudia Sheinbaum of Mexico announced plans to create an affordable electric car made in Mexico to compete with imported Chinese vehicles. The decision was motivated by the high cost of Teslas, which start at around $30,000. President Sheinbaum stated that her government aims to collaborate with Mexican companies and […]
The Top 10 of the 100 most important businessmen in Mexico
A strong economy is always supported by strong companies. And the leaders who lead these businesses stand out for their vision and contribution to creating well-being and employment for thousands of families. With a new methodology, Expansión publishes its ranking of the 100 Most Important Businessmen in Mexico, which highlights the business people of the […]
Mexico reaches record 15.7% share of imports to the United States
Mexico achieved a record share in imports of products to the United States, where it has consolidated itself as the first external supplier, according to data released this Tuesday by the Census Bureau. From January to August 2024, of all US external purchases, Mexico contributed 15.7%, which implies two percentage points more compared to the […]