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Economy

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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Government claims reopening economy in Puerto Vallarta didn’t cause spike in COVID-19 cases

Without reopening the nightlife and with hotels at 30% of their capacity, Puerto Vallarta reactivated tourism on June 16. In response, the governor and the...
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Mexican economy shrinks record 17.3% in April

Mexico’s economy posted a record contraction in April, official data showed on Friday, as the effects of the coronavirus lockdown devastated economic activity, particularly in...
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Mexico risks losing investment grade credit rating

Mexico is facing its deepest recession in decades and prominent investors believe it could soon follow state oil company Pemex in seeing its credit rating...
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Mexico economy fares better than first estimated at start of 2020

Mexican economic activity contracted by less than initially estimated during the first quarter as the coronavirus began to have an impact, but the economy was...
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Mexico consumers shut wallets, sales drop most in five years

Mexican retail sales fell 3.2 percent in December from the previous month, data showed on Tuesday, the biggest such fall in more than five years...
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