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Mexico

Mexican Economy Enters a Period of Significant Slowdown

As Mexico strides into 2024, it encounters a significant economic slowdown paired with an anticipated growth of 2.2 percent. Meanwhile, a surge in federal spending...

BYD’s Strategic Launch in Mexico Revolutionizes Truck Industry

BYD Co., a leader in China's electric vehicle production, is set to launch the BYD Shark in Mexico on May 14, 2024. This event marks BYD’s first entry into the hybrid pickup truck sector. Strategically, Mexico...

Mexico’s Migration Drop: A 50% Decrease in Flow to the U.S.

Mexican President Andrés Manuel López Obrador (AMLO) announced a 50% reduction in the flow of migrants heading to the United States. This significant decrease follows...

Mexico Faces Energy Crisis Amid Scorching Heat Wave

Mexico grapples with an energy crisis as scorching heat waves drive electricity consumption to...

Banxico Holds Interest Rate Steady at 11% Amid Inflation...

The Bank of Mexico (Banxico) decided to keep its interest rate unchanged at 11%, halting its recent easing cycle....

Pemex Hits Historic Low in Oil Exports

Petróleos Mexicanos (Pemex), Mexico's state-run oil giant, dramatically reduced its crude exports to unprecedented levels. This strategic shift supports the government's plan to refine more...

Mexico’s Economy Grows 2% in Early 2024

During the concluding months of President Andrés Manuel López Obrador's administration, Mexico's economy expanded by 2%. This increase was propelled...

Sheinbaum and Gálvez Engage in a Heated Debate Filled with Accusations

As the Mexican June 2 election nears, Claudia Sheinbaum and Xóchitl Gálvez delivered a riveting debate on television. Gálvez, representing...

Xóchitl Gálvez’s Decisive Moment in Mexico’s Presidential Debate

As the presidential debate on April 28 looms, Xóchitl Gálvez, the opposition candidate, prepares...

Pemex Profits Plummet 92% in Early 2024

In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted...

Mexico’s Oil Output Dips Amid Field Challenges

Mexico faces declining oil production, primarily from the Ku offshore and Quesqui terrestrial fields, both vital assets under state-run...