The work of economists is more indispensable than ever, especially in the current scenario of global geopolitical and economic changes, uncertainty, accelerated technological advances and climate change. Mexico, which recently began a new six-year term led by President Claudia Sheinbaum Pardo, will be able to face challenges such as: achieving a balance in public finances, […]
Royal Caribbean announces multimillion-dollar investment in Mahahual for 90-hectare tourism development
Royal Caribbean announced on Wednesday an investment of more than 600 million dollars to develop the Perfect Day Mexico concept in Mahahual, which consists of an exclusive tourist development of 90 hectares for tourists who disembark from their cruises in the south of Quintana Roo. It will be similar to the Perfect Day Coco Kay […]
‘Made in Mexico’ trade controversy is provoking another kind of border war
Mexico’s robust trade with the United States has led to a surge in logistics activity, with companies like Maersk building out their capacity to handle historic trucking volumes. The trend is driven by the use of the USMCA (United States-Mexico-Canada) Free Trade Agreement, signed into law by former President Donald Trump as a replacement for […]
For Mexico’s Sheinbaum, the Race Is On to Harness Nearshoring
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 […]