Mexico’s Yucatán region is making a name for itself in the global citrus market with its high-quality Persian limes, dubbed the “green diamond.” The region’s unique combination of fertile soil, favorable climate, and innovative investment model has made it a key player in the national citrus industry. Yucatán’s Persian lime production has gained significant ground […]
Border Factories Slump: Thousands Lose Jobs as Tariffs Take Toll
A stark contrast exists between job growth on the US side of the border and decline in Mexico’s maquiladora sector. Economists at the University of Texas at El Paso report that El Paso and Las Cruces, New Mexico generated a significant 7,200 new jobs during the first four months of 2025 due to a strong […]
Peso posts five sessions of gains driven by global trade optimism
On Thursday, a White House press secretary announced that the United States had signed a trade agreement with China, which was later confirmed by Commerce Secretary Howard Lutnick. On Friday, China’s Ministry of Commerce confirmed that a trade agreement had been reached under which the United States will begin eliminating measures restricting trade with China, […]
US Cracks Down on Mexico-Based Banks Accused of Aiding Cartels in Fentanyl Trade
The US Treasury Department has imposed sanctions on three Mexico-based financial institutions, accusing them of laundering millions of dollars for cartels and facilitating payments for the production of fentanyl. The sanctions, announced on Wednesday, target CIBanco, Intercam Banco, and brokerage Vector Casa de Bolsa. The banks are accused of playing a “long-standing and vital role” […]
Mérida Seeks Investment and Innovation from UAE
The city of Mérida has taken a significant step towards boosting its economy through investments and innovation projects, courtesy of a meeting between Mayor Cecilia Patrón Laviada and the Ambassador of the United Arab Emirates, Salem Rashed Alowais. According to municipal authorities, the meeting aimed to attract investment and innovation projects that cater to the […]
Tariffs Give Boost to Mexico’s Economy as U.S. Manufacturing Jobs Face Uncertainty
A new report by Bank of America suggests that tariffs imposed by the Trump administration on imported goods will have a net positive effect on Mexico’s economy, rather than bringing manufacturing jobs back to the United States. While some companies may choose to reshore production in certain industries such as electronics and biotechnology, automation is […]
General Motors Embarks on $4 Billion Plan to Shift Production from Mexico to US
In a major move that is expected to create thousands of jobs and bolster American manufacturing, General Motors Co. (GM) has announced plans to invest $4 billion in shifting production from its Mexican facilities to three plants in the United States. The investment marks a significant victory for President Trump’s trade and tariffs policy, which […]
Mexico’s Remittance Drought Worsens: A Blow to Families and Economy
A sharp decline in remittances from U.S. workers to Mexico has sent shockwaves through the country, with experts warning that a proposed tax on these vital funds could have catastrophic consequences. According to data released by the Bank of Mexico (Banxico), families in Mexico received $4.76 billion in wire transfers, checks, money orders, and cash […]
Global Banking Malware Spreads to Android Users: Experts Warn of Increasing Threat
A sophisticated new strain of banking malware has emerged as a major threat to mobile banking apps and crypto wallets on Android phones, according to security researchers. Crocodilus, the malware in question, is equipped with modern techniques such as remote control, black screen overlays, and advanced data harvesting via accessibility logging. This allows it to […]
Canadian dollar price in Mexico today, June 5: how much the exchange rate rose at dawn
The Mexican currency is one of the 10 most traded currencies in the international foreign exchange market, the most traded in Latin America, and the third most traded on the entire continent. Its price is of great importance both nationally and regionally, as the country is known for being one of the main trading partners […]