In a move aimed at protecting domestic tomato growers, the US Commerce Department announced on Monday that most tomatoes imported from Mexico will face a duty of 20.91% starting July 14. The decision marks a withdrawal from an agreement signed in 2019 between Mexican tomato producers and the Trump administration’s first government, which had averted […]
Dollar price today, Monday, April 7, 2025: Mexican peso falls amid fears of economic recession following US tariffs
The dollar fell 0.41 percent against the safe-haven Japanese currency to 146,255 yen today, April 7, after falling more than 1.4 percent in the previous session and extending its 2 percent drop against the Japanese currency since last week. The dollar also hit its lowest level in six months against the Swiss franc, falling 0.7 […]
The End of the Standalone Zelle App: What This Means for Digital Payment Users
In a move to streamline transactions and reduce scams, digital payment app Zelle has discontinued its standalone mobile application. The change took effect on April 1st, marking the end of an era for users who relied on the app to send money instantly. While Zelle itself is still active, the company has determined that less […]
Peso Predicament: Will Mexico’s Currency Continue its Downward Slide in 2025?
The Mexican peso has been on a precipitous decline over the past year, with analysts warning of further depreciation in value as the country navigates treacherous economic waters. In March, US President Donald Trump announced his intention to impose a 25% tariff on goods imported from Mexico and Canada under the International Emergency Economic Powers […]
Zelle Usage Under Scrutiny: Reasons Your Account Could Be Investigated or Terminated
Zelle revolutionized money transfers in the United States, offering instant transactions with just a phone number and a few seconds. However, recent developments have sparked concern among users after reports emerged that certain transactions could lead to investigations or even account termination. Zelle became the focus of attention after the Consumer Financial Protection Bureau (CFPB) […]
What are the main threats facing Mexico and the world in 2025? This is what the WEF reveals
The growing geopolitical, environmental, social and technological challenges reveal an increasingly fractured global panorama for 2025 because they threaten stability and progress, and although economic risks have less immediate importance, they continue to be a cause for concern, interconnected with social and geopolitical tensions, indicated the World Economic Forum’s Global Risks Report. According to the […]
Tariff Tensions: U.S.-Canada-Mexico Rail Trade Faces $200 Billion Impact
As President Donald Trump prepares to escalate his trade war, railroads across North America are bracing for a massive economic blow. The Association of American Railroads (AAR) reports that the value of cross-border trade between the U.S., Canada, and Mexico reached an estimated $203.1 billion in 2024. This staggering figure is split almost evenly between […]
Mexico becomes a key partner for Spain in investment banking: assets and liabilities exceed 10%, surpassing Brazil, Chile or Colombia
The internationalization of Spanish banking has consolidated Mexico as one of Spain’s main financial partners outside the European Economic Area (EEA). This is one of the main conclusions of the Bank of Spain’s analysis presented in its latest economic bulletin. Based on the most recent data for 2023, the country led by Claudia Sheinbaum is […]
Airbnb Generates 1 Billion Pesos in Lodging Tax for Quintana Roo
Airbnb has announced that it has paid over 1 billion pesos in lodging tax (ISH) to the Ministry of Finance and Planning of Quintana Roo from 2017 to 2024, on behalf of its hosts. “The ISH is a local tax applicable to lodging services in federal entities,” the platform stated. Airbnb emphasized its commitment to […]
Inflation Hits Yucatecan Households
Price Hikes in Basic Products Strain Budgets Inflation in Yucatan increased in the first half of February 2025, according to the National Consumer Price Index (INPC) released by the National Institute of Statistics and Geography (Inegi). This rise in essential products, such as eggs and beef, poses a significant challenge for families in the Yucatan […]