The president of the United States Hispanic Chamber of Commerce (USHCC, in English), RamiroCavazos, applauded this Thursday the decree of the Mexican government that facilitates the phenomenon of chain relocation or ”nearshoring” for, like this, “do not do business with China”. This is how Cavazos explained it and opted for “strengthen” the business relationship “very […]
Tag: Mexico
AMLO: minimum wage increase in Mexico by 2024 will be “considerable”
The increase of minimum salary for next year it will be “considerable,” the Mexican president anticipated on Wednesday, Andrés Manuel López Obradorwho hopes to make an announcement on the issue next month. Since taking office as president of Mexico, López Obrador has increased the minimum wage every year, even well above inflation. “Going into December […]
Mexico consumes 700 grams of chocolate per capita per year, according to a report
Mexicans consume 700 grams of chocolate per capita and in celebrations the intake increases up to 20%, as revealed this Monday in a statement from Por Amor al Cacao (PAC), a private sector initiative that celebrates 10 years of promoting the cocoa of Mexico. Sales of this product increase by 18% at Christmas, while on […]
“Unique opportunity”: Mexican firms go for “nearshoring” to grow
From real estate firms to financial and hotel groups in Mexico They are making bets because the investments derived from the phenomenon known as “nearshoring” strengthen the domestic economy and radiate to its sectors. The Government estimates that the growing trend of moving the production of large corporations to the country to bring it closer […]
Migrants: 1,200 leave southern Mexico to join the largest caravan of the year
More than 1,200 migrantsmostly Haitians, Nicaraguans and Venezuelans, left this Sunday walking in a new caravan from Tapachula, in the south of Mexico, to join the concentration of 8,000 people on the move who hope for possible benefits from the dialogue with immigration authorities this Monday. The migrant settlement left on October 30 and traveled […]
Fitch estimates losses of US$16 billion after Hurricane Otis in Mexico
The catastrophic losses caused by the Hurricane Otiswhich hit the coast of the southern state Mexican of Guerrero a week ago, are estimated at 16,000 million dollars, both economic and insured, the rating agency said this Wednesday in an analysis Fitch Ratings. The agency noted that Otis It is considered the strongest cyclone that has […]
Mexico will announce aid plan for Acapulco, search for survivors
The Mexican government will present on Wednesday a plan that seeks to raise the tourist city Acapulcowhich was devastated last week by the passage of a powerful hurricane that killed dozens of people and left another missing. President Andrés Manuel López Obrador suggested on Tuesday that part of the funds could come from trusts of […]
Why did Hurricane Otis intensify so quickly in Mexico?
He Hurricane Otis caused at least 27 deaths and serious damage when it hit the coast of the city of Acapulcoin Mexicoas category 5, according to officials. The speed with which Otis intensified took the government and meteorologists by surprise, leaving little time to issue warnings and prepare for its arrival. Why was Otis so […]
Death toll from Hurricane Otis in Mexico rises to 48
The deaths due to the passage of the devastating Hurricane Otis in the Mexican Pacific increased to 48 after this Sunday five people were confirmed dead in Coyuca de Benítez, a neighbor of Acapulco (south). This is the first known balance of municipalities bordering this tourist port, with nearly 780,000 inhabitants and where the rest […]
Devastation from Hurricane Otis is just beginning for insurers in Mexico
Even with a low level of coverage, Mexican insurers will bear the greatest impact in the recovery from the devastating cyclone Otisas a category 5 hurricane, last Wednesday in Acapulco, in the southern state of Guerrero, one of the main tourist destinations in Mexicoestimated this Friday an analysis by Moody’s Investors. “The full extent of […]