Tag

Economy

Due to inflation, 54% of Mexicans have cut monthly expenses

Inflation and security are the two main concerns of consumers in Mexico and even 54 percent of them already face difficulties in meeting monthly expenses,...
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Inflation in Mexico reached 8.62% in the first half of August, the highest figure in 24 years

The increase in prices of products and services continues to be unstoppable in Mexico. This Wednesday, the National Institute of Statistics and Geography (Inegi) announced...
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Uber users in Mexico agree on decline of service: theft, poor service, rude and aggressive drivers

Some Uber users have denounced a drop in the quality of the service offered by the drivers of the transportation application and have even shown...
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Mexican economy shows signs of stagnation

Mexico's economic activity registered a contraction in July 2022, which points to its third record with losses, according to the National Institute of Statistics and...
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The unemployment rate in Mexico fell to 3.2% in the second quarter of 2022

The lack of employment relaxed a bit in Mexico. In the second quarter of the year, the unemployment rate stood at 3.2%, a reduction of...
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Saks Fifth Avenue says goodbye to Mexico

The famous American luxury fashion chain, Saks Fifth Avenue, is leaving Mexico after the decision of Grupo Sanborns not to renew the contract with the...
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Low wages and high cost of living in Puerto Vallarta creates worker shortage

Due to the labor shortage in the Puerto Vallarta tourism sector, Coparmex has asked its members to analyze the salaries they offer their workers because,...
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Mexico’s Chamber of Commerce warns cartel violence is putting businesses at risk

Organized crime is putting Mexican businesses at risk, the national Chamber of Commerce has warned, after drug cartel members attacked a series of convenience stores...
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Banxico raised the interest rate to 8.5%, a historical level due to inflation in Mexico

The Bank of Mexico raised the interest rate by 75 base points for the second consecutive time to set it at 8.5%, a historical maximum...
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Disney tops Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug 10 (Reuters) - Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will increase prices...
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Mexico’s July inflation reaches a 22-year high

MEXICO CITY, Aug 8 (Reuters) - Mexican inflation in July likely sped up again to a near-22-year high, a Reuters poll showed on Monday, fueling...
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Musk says Twitter deal could move ahead with ‘bot’ info

Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures...
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