MND_BUSINESS
After nearly 70 years, a 100% Mexican-made airplane is cleared for...
Mexico has a thriving aeronautics industry, making everything from turbines to fuselages. But it hadn't designed and built its own aircraft since the 1950s.
Veracruz coffee growers are not impressed with the government’s instant ‘Wellness...
For one thing, instant coffee is a waste of Veracruz’s high-quality beans, some producers say.
Peso hits a year’s best against the dollar in a strong...
A stronger peso, contained inflation, rosier growth forecasts and a rising stock market signaled a positive week for the Mexican economy.
AT&T unlikely to participate in Mexico’s next network spectrum auction, Reuters reports
It's another sign that Mexico’s second-largest phone carrier may have one foot out the door.
Sheinbaum proposes tariffs targeting 1,371 product categories including vehicles, apparel and electronics
President Claudia Sheinbaum is seeking congressional approval to implement tariffs of up to 50% on goods from countries with which it doesn't have a free trade agreement, a move that appears primarily aimed at China.
Moody’s boosts Pemex’s rating, citing its ‘very high’ government support
The credit rating agency gave a much-needed boost to the highly indebted state oil and gas company, based in a large part on recent funding packages from the Sheinbaum administration.
Slim subsidiary granted 30-year concession to develop geothermal plot in Guanajuato
Energías Alternas, Estudios y Proyectos (Grupo Enal), a subsidiary of Slim’s Grupo Carso, has been granted a 30-year concession to develop geothermal resources for electricity generation in Celaya, Guanajuato.
Mexico’s Vemo raises $250M to expand EV use and build charging stations
The Mexican electric taxi operator that partners with Uber is betting on the continued avaiablity of Chinese technology to expand its work as an integrator of clean mobility.
Fintech firm Kapital is Mexico’s latest unicorn, valued at over US $1B after acquiring Intercam Bank
The Mexico City bank's recent acquisition of the U.S.-sanctioned Intercam Bank helped put it over US $1 billion in valuation, the benchmark for unicorn status.
Mexican exports to the US continue to grow
So far this year, Mexico has maintained a strong trade surplus with the U.S., its top trade partner.
Latin America’s biggest Costco coming soon to Monterrey area
Set to open in May 2026, Mexico's newest Costco will have a 30-pump gas station and Sushi Room (because why not add raw fish to your bulk shopping?)
Binance to invest US $53M to expand crypto in Mexico
Binance, the world’s largest cryptocurrency exchange, was founded in China in 2017 and caters to more than 270 million registered users in over 180 countries.
Good news for Trump: Mexico is planning to raise tariffs on Chinese imports
Mexico's 2026 budget proposal includes increased tariffs on China, a move the Trump administration has been pushing since early this year.
Amazon teams up with Mexico City to save water with tech-driven infrastructure upgrades
In addition to water savings, automation will allow the city to direct water to eastern CDMX, an area historically plagued by shortages.
Foxconn invests US $168M to expand AI server production at Jalisco plant
The investment is part of the Taiwanese company's domestic expansion plans and helps Mexico position itself as a key player in advanced technology manufacturing.
Mexico’s steel exports to US are down 16.6% in wake of tariff
The United States implemented 25% tariffs on imports of steel and aluminum from countries around the world on March 12. The duty for most countries, including Mexico, was doubled to 50% on June 4.
