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 […]
The dollar price in Mexico falls to its lowest level in nine months following the judicial election.
The Mexican peso enjoyed a good start to the week, trading higher against the dollar. The US dollar lost more than one percentage point against the Mexican peso during the early hours of Monday. After the opening bell, the US dollar averaged 19.20 Mexican pesos at the start of the day, representing a 1.18% change […]
Euro: closing price today, June 2 in Mexico
In the last session, the euro closed at an average of 21.97 Mexican pesos, representing a 0.03% change compared to the previous day’s exchange rate of 21.98 pesos. Compared to the last week, the euro has risen 0.27% and, year-on-year, still maintains a rise of 11.14%. Regarding today’s fluctuations compared to previous days, this figure […]
Tulum’s Tourism Boom Turns to Bust: 35% Rate Drop in Just Three Years
In a shocking reversal of fortunes, the once-thriving tourist destination of Tulum has seen its hotel rates plummet by a staggering 35% over the past three years. According to reports from REPORTUR.mx, one of Tulum’s most iconic hotels, known for its Instagram-worthy charm, has seen its average nightly rate drop from $971 in 2021 to […]
Quintana Roo and Yucatán Lead Nation in Working-Class Population Participation
Two Mexican states stand out for having the highest participation rates of employed people: Quintana Roo and Yucatán. According to the National Institute of Statistics and Geography, both states maintain their position as one of the most dynamic regions for promoting employment. Quintana Roo boasts a 66% economically active population, with 971,564 employed individuals, while […]
Cozumel Set to Welcome Record-Breaking Cruise Week with Over 64,000 Visitors
The Mexican Island of Cozumel is gearing up for an unprecedented influx of tourists this week as it prepares to host a record-breaking 16 cruise ships, bringing with them a total of nearly 65,000 passengers. The mass arrival of these floating hotels from May 26 to June 1 will undoubtedly have a profound impact on […]