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Economy

Mexican Economy Contracts by 0.6% in Q4 2024, Marking First Decline Since 2021

Mexico’s economy experienced a contraction of 0.6% in the fourth quarter of 2024, according to seasonally adjusted figures from the National Institute of Statistics and...
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Chinese AI DeepSeek Disrupts Markets, Triggering Historic Losses for Nvidia and Tech Billionaires

The recent launch of China's low-cost artificial intelligence system, DeepSeek, has caused seismic shifts in global financial markets, leading to unprecedented losses for Nvidia and...
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Mexicana de Aviación Returns to Puerto Vallarta in April as Part of 2025 Master Plan

Puerto Vallarta, Mexico - In a significant announcement during President Claudia Sheinbaum Pardo's morning conference, Mexicana de Aviación unveiled its ambitious 2025 Master Plan. The...
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Mexican Peso Plummets Amid Trump-Related Uncertainty

Puerto Vallarta, Mexico - The Mexican peso experienced a sharp decline on Thursday, becoming the most depreciated currency among a basket of major global currencies....
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Mexicana Airlines is Another Example of Why Governments Are Bad Business Owners

Puerto Vallarta, Mexico - In a stark reminder of the challenges inherent in revitalizing a struggling airline, Mexicana de Aviación ceased operations on eight routes...
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Mexican Peso Turmoil of 1994: A Look Back at the “December Error”

Puerto Vallarta, Mexico - Nearly three decades have passed since one of Mexico’s most significant economic upheavals, commonly referred to as the “December Error.” The...
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Krispy Kreme Opens First Branch in Puerto Vallarta at Galerías Vallarta

Puerto Vallarta, Mexico - Krispy Kreme fans in Puerto Vallarta can rejoice as the iconic doughnut chain opens its first local branch on November 20,...
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Moody’s Credit Rating Downgrade Signals Trouble Ahead for Mexico’s Economy

Mexico City, Mexico — Moody’s Investors Service has downgraded the outlook on Mexico’s credit rating from “stable” to “negative,” while maintaining the country’s sovereign rating...
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Totalplay Launches Unprecedented 1200 Mbps Internet Service in Mexico

Totalplay, Mexico's leading telecommunications company, has enthusiastically announced a groundbreaking new internet offering of up to 1200 megabytes per second (Mbps), setting a milestone in...
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Mexican Peso Holds Its Breath Awaits US Election Results

The Mexican economy is poised for significant volatility as the United States concludes its presidential elections today. Analysts predict fluctuations in financial variables regardless of...
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Peso Declines Amid Lower-than-Expected September Inflation Data and Anticipation of U.S. Fed Minutes

Puerto Vallarta, Mexico - The Mexican peso continued its downward trend on Wednesday as it fell to 19.41 per dollar, marking a 0.41% decline from...
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Mexican Peso Depreciates as Market Awaits Inflation Data from Mexico and the U.S.

The Mexican peso experienced a depreciation against the U.S. dollar early Tuesday, marking its second consecutive session in decline. The currency's dip is largely attributed...
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