The National Chamber of the Restaurant and Seasoned Food Industry (Canirac) in Quintana Roo is sounding the alarm about a decline in consumer spending and tourism at local restaurants. According to Julio Villarreal, Canirac’s president for the region, restaurant establishments are experiencing a drop in consumption and spending by diners. This trend could lead to […]

The global financial landscape took a downturn in the final trading session of the week, as concerns over tariffs mounted after US President Donald Trump’s comments on imposing a 50 percent tariff on the European Union. Despite this gloomy outlook, the Mexican peso experienced an unexpected appreciation. Trump’s threat to impose significant tariffs on Europe […]

Mexico’s economy is facing a period of slowdown, but the online market is ready to rev up with the arrival of the Hot Sale 2025. This online commercial event brings together more than 700 brands and offers aggressive promotions and benefits for consumers. From May 26 to June 3, websites will become a virtual shopping […]

Despite the imposition of tariffs by the United States, Mexico’s exports grew at an annual rate of 5.8% in April, according to data released by the National Institute of Statistics and Geography (Inegi). However, Mexico’s trade balance showed a deficit of $88 million for the month, mainly due to the impact of US tariffs. This […]

Mexico’s inflation rate has surged to 4.22% in the first half of May, exceeding expectations and pushing above the 4% threshold for the first time since December last year. The sharp increase is largely attributed to rising prices of beef and poultry, which have been affected by a crisis involving the cattle tick and avian […]

Mexico is a country that offers a unique blend of vibrant culture, stunning landscapes, and ancient ruins. With its proximity to the US and various visa options available, it’s becoming increasingly popular among digital nomads and tourists alike. According to U.S. News, Mexico ranked 34th in its overall ranking of best countries in 2024, with […]

The tequila industry, which has experienced rapid growth in recent years, is now facing a slowdown in sales and a challenging market environment. Kendall Jenner’s 818 Tequila brand, one of the most high-profile brands in the industry, has slowed down hiring and dialed back spending on some of its marketing efforts. This move is seen […]

A key legislative hurdle has been cleared for President Donald Trump’s administration in its bid to implement a sweeping tax reform package, but the road ahead is uncertain after a crucial vote on Friday. The House Budget Committee rejected the proposal, which includes a contentious 5% tax on remittances sent back to Mexico and other […]

Cattle exports from Mexico have taken a significant hit, plummeting by 52.3% in the first quarter of this year, according to figures from the Bank of Mexico (Banxico). The value of cattle sales abroad has dropped to $162.8 million, compared to $341 million during the same period in 2024. The current US border closure, imposed […]

Despite uncertainty surrounding US immigration policies, Yucatán has maintained a positive trend in remittance receipts during the first quarter of this year, with nearly $108 million sent from the United States. According to data released by the Bank of Mexico, the state recorded a 3.1 percent increase in remittance receipts compared to the same period […]