Category

Business and Economy

Mexico suffers historical collapse of international tourism in 2020

The National Institute of Statistics and Geography (Inegi) detailed in a report that Mexico suffered a historical collapse in international tourism in 2020, the year...
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Mexico’s economy in 2020 suffers worst slump since 1930s

Mexico’s economy last year suffered its biggest annual contraction since the 1930s, although it recovered better than expected from the ravages of the COVID-19 pandemic...
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Mexican lawmakers want to raise minimum wage to $7.00 dollars a day

Mexico’s Senate on Thursday approved a proposal to keep minimum wage increases above inflation, just as the president pitched another sizeable hike next year, part...
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Mexico opens anti-monopoly probe against Wal-Mart de Mexico

Mexico’s anti-monopoly commission said Thursday it has begun a formal investigation into possible monopolistic practices in wholesale and retail goods distribution and sales, a probe...
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Best Buy announces closure of all stores in Mexico

Best Buy Co Inc will close all its stores in Mexico, the company said on Tuesday, as it anticipates weaker Christmas-season sales amid a spike...
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Five businesses in Puerto Vallarta closed for violating COVID-19 regulations

During the first weekend in which the Emergency Button was applied in Puerto Vallarta, at least 5 establishments were closed for failing to comply with...
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New shutdowns could wipe out hundreds of restaurants in Puerto Vallarta

A new economic shutdown would lead to the permanent closure of some 300 restaurants in Puerto Vallarta, according to Sergio Jaime Santos, president of the...
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Mexico unveils private-backed $14 billion investment plan to lift ailing economy

Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business...
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Mexico adds 608,000 jobs in August, unemployment 5.2%

Mexico’s unemployment rate was 5.2% in August, official data showed on Monday, the first time the figure has been published in five months after the...
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Mexico inflation near 15-month high ahead of rates decision

Mexican inflation was close to a 15-month high during the first half of September, authorities said on Thursday, feeding speculation that the central bank will...
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Volkswagen drops Mexico City dealership that displayed Nazi poster

German carmaker Volkswagen (VOWG_p.DE) said late Monday it had severed ties with a distributor in Mexico City after a Twitter user posted photographs taken at...
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Mexico’s factories still reeling from coronavirus

Mexico’s factories were still hurting in August from the coronavirus pandemic, with production falling and firms cutting workers, though the pace of deterioration in business...
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