Business & Economy News

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Mexico’s economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump. But ahead of GDP data for the second quarter due on July...

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Business and Economy News

MEXICO BUSINESS AND ECONOMY NEWS FROM THE NUMBER ONE ENGLISH NEWS SOURCE SERVING PUERTO VALLARTA, THE BAY OF BANDERAS AND BEYOND.

Circle K stores in Mexico promotes Secretary Day with discounted condoms

Circle K Mexico is apologizing for an ad on “Secretary Day” promoting a deal on chocolate, red wine and condoms. The convenience store brand said in a Wednesday statement that it did not intend to “promote any stereotype” and highlighted its “promise to be a business that doesn’t discriminate on the basis of gender.” The...

Mexico cuts budget for all, from athletes to archaeologists

The Mexican Olympic Committee said Wednesday it will no longer be able to offer food, lodging and medical services at its main sports training complex, the latest casualty in a round of deep budget cuts by President Andres Manuel Lopez Obrador. Seldom has a leftist been so obsessively austerity-minded as Lopez Obrador. In his first...

End of the road for Volkswagen Beetle as production ends in Mexico

Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It’s the end of the road for a vehicle that has symbolized many things over a history spanning the eight decades since 1938. It has been: a part of Germany’s darkest hours as a never-realized...

Virus found in Mexico allows thieves to take control of ATM machines

ATMJaDi is a new malware aimed at theft of ATMs, a practice known as jackpotting. The trojan is programmed to infect the banking network of a financial institution and track down machines to invade and control them remotely through a web-based program. According to Kaspersky analysis, ATMJaDi malware has been found in ATM machines in...

Uber partners with BBVA, Mastercard to offer debit cards in Mexico

Uber Technologies Inc is partnering with bank BBVA and payments processor Mastercard to launch a debit card for drivers in Mexico, an Uber executive said on Tuesday, the company’s latest gambit to promote banking in a country that runs on cash. “Uber supports the extension of financial services in the country,” Federico Ranero, Uber Mexico’s...

Walmart in Mexico launches grocery orders via WhatsApp

Walmart’s Mexico unit has begun offering grocery delivery from its Superama stores via messaging service WhatsApp, the retailer said on Monday, in a new stab at attracting shoppers outside bricks-and-mortar supermarkets. WhatsApp, the free text-messaging service owned by social media platform Facebook, is ubiquitous throughout Mexico. Superama shoppers can text an order to a WhatsApp...

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