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 […]
Trade and Emissions Regulations Impact Mexico’s Cargo Truck Exports
In January, Mexico’s cargo truck exports dropped by 7.6% year over year to 10,985 units, marking the lowest level in four years. Production also fell by 9.5% to 14,108 units. The United States accounted for 97% of these exports, with Canada making up 2.7%. Rogelio Arzate, president of Anpact, attributed the decline to the threat […]
Truckload Rejection Rates Spike in Laredo, Texas Amid Market Tightening
Shipper requests for truckload capacity in Laredo, Texas, are being rejected at the highest rates since the pandemic era. The Outbound Tender Reject Index (OTRI), which measures the percentage of declined truckload capacity requests by carriers, shows that rejection rates surged from an average of 3.8% in October through mid-December to over 6% just before […]
6 Expenses Retired Boomers Should Avoid to Save Money
Retirement offers the freedom to spend your time and money as you wish, whether that’s traveling the world or enjoying extra rounds of golf. However, reassessing your spending habits is essential to keep your retirement stress-free and avoid overspending. This is precisely what Patrick H. did when he retired several years ago. Patrick and his […]
Bank of Mexico Governor: Inflation Fight Enters New Phase
Mexico’s inflationary environment is poised to allow further cuts to the benchmark interest rate, according to Victoria Rodriguez, Governor of the Bank of Mexico (Banxico). The central bank recently reduced the key rate by 50 basis points to 9.50%, following a series of 25-basis-point cuts from a peak of 11.25% in March 2024. “Our work […]
Merida, Yucatán: Home to the Most Expensive Basic Basket in Mexico
Merida, Yucatán, has the highest cost for a basic basket in Mexico, amounting to 969.40 pesos, as reported by Iván Escalante Ruiz, head of the Federal Consumer Protection Agency (Profeco). During President Claudia Sheinbaum Pardo’s morning conference at the National Palace, Escalante Ruiz detailed the prices of basic baskets across Mexico. He highlighted that Merida’s […]