The Mexican economy celebrates this December 1 three years of uncertainty with the presidency of Andrés Manuel López Obrador, who has faced the historical crisis of COVID-19, but it has also caused internal upheavals. Upon coming to power, López Obrador promised growth rates of 4% of the Gross Domestic Product (GDP) with the discourse “the […]
Tag: Mexico
At the heart of Mexico’s auto industry, workers struggle with chip shortages
Global semiconductor shortages are hitting auto workers across the world hard Mexico, because employers have been forced to cut production, reduce shifts and work hours and even eliminate jobs due to disruption in the supply chain. The pain is acute in the central state of Aguascalientes, one of the main automotive centers in the country, […]
López Obrador asks state governors of Mexico not to be a “cover” for corruption
The president of Mexico, Andrés Manuel López Obrador, asked the governors who initiate mandates in different states of the country not to be “cover” in acts of corruption of past administrations. “I recommend to the governors who are entering, that they are not a cover, that there is no desire for revenge but that they […]
Leadership change will test the Mexican central bank amid rising inflation
The surprising turn of the helm by the Mexican president Andrés Manuel López Obrador in the nomination process for the next president of Bank of Mexico (Banxico) has cast doubt on the bank’s rate-tightening cycle as it struggles to keep high inflation under control. López Obrador, a leftist politician who has already placed three of […]
Mexico’s non-bank lender bonds fall due to credibility
Debt sold by Mexican non-bank lenders seemed largely out of the woods after it collapsed earlier this year. Now, with Credito Real SAB’s higher earnings and faster loan growth failing to convince investors, the rest of the sector is also falling. Non-bank lenders’ dollar bonds are the worst performing in Mexico in the last month. […]
Biden seeks common ground with Mexico and Canada at the top, but tensions persist
The president of USA, Joe Biden, received the leaders of Canada and Mexico at the first North American summit in five years, a meeting aimed at revitalizing regional cooperation, but overshadowed by the “US buy” agenda and migration. Biden met separately with Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador, and […]
Mexico would decide in December arbitration against the US on cars
Updated on 11/18/2021 04:43 am Mexico will likely decide before December whether to submit to arbitration with the United States over the interpretations of the rules of the trade agreement between the United States, Mexico and Canada on the origin of certain auto parts, said a high trade authority. The conflict, which is not on […]
AMLO puts at risk US $ 22,000 million in energy contracts
The electricity reform proposed by Mexican President Andrés Manuel López Obrador could present difficulties for the more than US $ 22,000 million in solar, wind and other renewable energy facilities owned by major foreign companies such as Iberdrola SA and Sempra Energy. The bill proposed to lawmakers last month would cancel some electricity generation permits […]
Biden to face rejection of electric car rules at first “Three Friends” summit in 5 years
The leaders of the United States, Canada and Mexico will meet on Thursday for the first time in five years to promote North American economic integration, but the meeting could be dominated by disputes over electric car tax credits and the policies of “Buy american”Supported by President Joe Biden. The US president has revived the […]
COVID-19 can cause diabetes and damage to the pancreas, expert warns
The disease caused by SARS-CoV-2 has left health havoc on those who suffer from it, including high glucose and damage to the pancreas, said Josafat Camacho, medical president of the Mexican Diabetes Federation, “In patients who came to hospitals to be treated for being infected with COVID-19, found that many of them arrived with high […]