The Mexican Business Coordinating Council (CCE) denounced this Wednesday that there are 150 clean energy projects detained with a value of US$ 40,000 million due to the uncertainty of the energy policy promoted by the Government. “The private sector is committed to Mexico and to ensuring that we Mexicans have enough cheap and clean energy. […]
Tag: Mexico
López Obrador announces that his government will create a state company to exploit lithium in Mexico
Updated on 02/02/2022 02:12 pm The president of Mexico, Andrés Manuel López Obrador, affirmed that his government will create a state company to exploit lithium, a vital mineral for electric car batteries and new technologies. “It has already been decided that lithium is going to be exploited for the benefit of Mexicans, for Mexicans. We […]
López Obrador denies that Mexico is in a recession despite the contraction of the last two quarters
The president of Mexico, Andrés Manuel López Obrador, denied that the country is in a recession despite the contraction of the last two quarters that left economic growth at 4.8% for 2021, below the 6% expected by the Government. “The economy is growing, there can be no recession if January, this month, is one of […]
Different paths lead Brazil and Mexico to recession
They got there in starkly contrasting ways, but Latin America’s two largest economies find themselves in a similar and unenviable place two years into the pandemic: back in recession. Mexican production contracted 0.1% in the three months to December, the government’s statistics institute reported today, after a 0.4% contraction in the previous period. Brazil’s $1.6 […]
Avocados, deforestation and cartels go hand in hand in Mexico
In the pine mountains of western Mexico, where loggers raze entire hillsides to plant avocado (avocado), the inhabitants have taken up the fight against tala ilegal by his own hand. They say the avocado depletes their local water supply and attracts drug cartels looking for extortion money. In some places, like the indigenous town of […]
The US expresses concern to Mexico ahead of decision on América Móvil’s Pay TV license
Updated on 01/24/2022 02:21 pm U.S expressed concern to Mexico about the implications for competition if its telecommunications regulator allows the giant America Movil enter the Latin American nation’s pay TV market, several people familiar with the matter told Reuters. On January 12, US officials, including deputy trade representative Jayme White, told staff at the […]
Mexican economy would be in technical recession, according to economists
Updated on 01/21/2022 03:39 am The signs point to Mexico entered a recession, while the first estimates show that economic activity fell in December. The second largest economy in Latin America contracted in the third quarter of last year, putting a brief recovery in the economy on hold. pandemic. Now a growing number of institutions, […]
Migratory crisis and the T-MEC tarnish good harmony between Mexico and the US.
Energy reform, trade disputes and the migration crisis may hinder the good progress of relations between Mexico Y U.S When one year has passed since the arrival of Joe Biden to the White House. Democrat Biden took office as the 46th president of the United States on January 20, 2021 with a reassuring message for […]
Investor exodus: Mexico could see more outflow of foreign debt capital this year
A historic rout of sovereign debt flows from Mexico, which has marked two consecutive years of record figures, could be extended in the coming months by the hand of an expected increase in interest rates in U.S, which would also keep the domestic currency under pressure. Last year, the nation saw 257.601 million pesos ($12.63 […]
OECD: Peru’s partners in the Pacific Alliance grow above expectations
Updated on 01/17/2022 10:51 am The Organization for Economic Cooperation and Development (OECD) continues to receive signs of economic growth above long-term forecasts in Colombia, Mexico and Chile, although in these last two countries the ceiling could have been reached. The OECD published the advanced composite indicators for December, which, as had been happening in […]