The year-on-year inflation rate in Mexico has been accelerating for three consecutive months. The pressures arise mainly from prices in the non-core component (agricultural and energy). During May 2024, the year-on-year inflation rate in Mexico stood at 4.69%; this level represents three consecutive months of increases. This range also shows that the inflation target set […]
How does Mexico plan to regulate Shein, Temu and AliExpress without violating the USMCA?
Asian companies will have to choose between relocating manufacturing and logistics operations in Mexico or facing the requirement to comply with the Mexican Official Standards (NOM). E-commerce platforms Shein, Temu and AliExpress have been at the center of the debate for months, accused by various business chambers of unfair competition and of taking advantage of […]
US asks Mexico to ensure judicial reform respects T-MEC agreements
Undersecretary of State Brian Nichols believes that “judicial transparency is vital for foreign investors.” WASHINGTON, DC.- Under Secretary of State Brian Nichols told the U.S. Congress that Mexico’s judicial reforms must preserve transparency, as well as respect and maintain legal protections for the investments of its partners, especially those of the T-MEC. At a hearing […]
How much money will Claudia Sheinbaum earn as president of Mexico? This will be her salary
The activist of the National Regeneration Movement was elected after the elections of June 2 Following the elections on Sunday, June 2, Claudia Sheinbaum Pardo became the first woman to be elected to the position of President of the Republic, a position that for more than 200 years was only headed by men. The activist […]
Minimum wage to increase in 2025 under Claudia Sheinbaum: How much would Mexicans earn per day?
Mexico is about to begin a new political stage when Claudia Sheinbaum, president-elect, takes power. Looking ahead to what will be her first year in office, there is a doubt among Mexicans, and it is: will the minimum wage for workers increase? Since Andrés Manuel López Obrador (AMLO) took power, the minimum wage went from […]
15 new flood points identified in the ZMG; these are their locations
Prior to the start of the rainy season, 15 new points of recurrent flooding were identified in the ZMG; we tell you the details A total of 15 new points of recurrent flooding have been identified in the Metropolitan Area prior to the start of the rainy season, with the aim of alerting citizens to […]
CFE requires private investment for new power plants; there are risks of downgrade, warns Fitch Ratings
Electricity demand has increased approximately 3.5% in the last two years Fitch Ratings said Mexico’s energy sector is currently grappling with the need to improve its energy capacity and reliability, and is faced with the challenge of fostering a regulatory environment that encourages private investment in the electricity industry, particularly in light of the election […]
These are the 13 most reliable Chinese car brands in Mexico
An evaluation carried out by the leasing company BitCar rated the reliability of 25 Chinese brands present in the country. Of the 25 Chinese car brands with a presence in Mexico, only 13 are reliable, according to the BitCar 2024 Chinese Heat Map analysis. Each brand on the heat map is evaluated according to 8 […]
Morena would not reach a qualified majority in the Senate
The General Law of Electoral Institutions and Procedures (LGIPE) is the one that stipulates the formula that must be applied to assign seats by plurinominal representation. The ruling party would reach 82 of the 85 seats it needs to be able to change the Magna Carta in the Upper House. The National Electoral Institute (INE) […]
Ixtapa Zihuatanejo Triathlon exceeds expectations with 1,400 competitors
The 2024 Ixtapa Zihuatanejo Triathlon showed the consolidation of this tourist destination as a national and international venue for major sporting events. In its 38th edition and recognized as the oldest triathlon in Mexico, the competition was carried out successfully thanks to the presence of hundreds of national athletes and from different countries, including the […]