Business and Economy

Bank of Mexico raises the interest rate to 10%

The Bank of Mexico (Banxico) raised the reference interest rate by 75 basis points to a historical maximum level of 10.0 percent, in accordance with...
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Users and advertisers are fleeing the new Elon Musk Twitter chaos

Less than two weeks after taking over, the era of Elon Musk at the helm of Twitter has been chaos with mass layoffs, office closures,...
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Car service Beat suddenly leaves Mexico

The application transport company, Beat, announced that it will stop its operations in Mexico and other Latin American countries. It was through a publication on...
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Elon Musk fires all Twitter employees in Mexico

According to Twitter employees in Mexico, the entire Mexico division was informed of their termination on Friday morning.
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Mexico’s economy grows 1% in the third quarter

Mexico’s economy grew 1% in the July-September period compared to the previous quarter, according to the quarterly estimate of the National Institute of Statistics and...
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Mexico taps private sector again in effort to keep food prices down

MEXICO CITY, Oct 3 (Reuters) – Mexican President Andres Manuel Lopez Obrador is expected to announce the details of a new deal with companies to...
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Bank of Mexico raises the interest rate to 9.25%, the highest level since 2008

Faced with the highest inflation in more than 20 years, the Bank of Mexico continues to raise the interest rate. On Thursday, the central bank’s...
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Mexico president reaches agreement with companies to maintain basic food prices

MEXICO CITY, Sept 23 (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday he had reached an agreement with companies to maintain prices...
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US, Mexico to cooperate on semiconductors, electric vehicles

MEXICO CITY (AP) — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the...
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Google, Apple facing anti-competitive complaint in Mexico

MEXICO CITY, Sept 9 (Reuters) – Apple (AAPL.O) and Alphabet’s (GOOGL.O) Google are facing a probe over anti-competitive practices in Mexico after the country’s former...
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The Government of Mexico reduced its growth forecast for the end of 2022

The Government of Mexico reduced its GDP growth forecast for this year from 4.1 to 2.4% when it presented the Economic Package for 2023, which...
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