MND_BUSINESS
Mexico set to launch its own AI language model backed by...
The government’s ambition is to make its AI project accessible to over 5 million university students and more than 5 million businesses, with the expectation of seeing “visible and tangible results” in two years’ time.
Mexican officials optimistic about last-minute deal to avoid 30% US tariff
Mexico's economy minister said that "the results" of Mexico's negotiations with the United States over the 30% tariff will be known on Friday, Aug. 1.
Mexico’s economy grew 0.7% in Q2, outpacing analysts’ forecasts
The growth rate was 0.3 percentage points higher than the 0.4% median forecast of 13 analysts surveyed by Reuters.
42 Brazilian companies eye major investments in Mexico amid US trade concerns
The mutual interest in each other's markets has been simmering lately, as the two largest nations in Latin America look to diversify their trade agreements.
Pemex posts first quarterly profit in a year despite decline in production
The rise in Pemex’s fortunes was helped largely by the peso’s favorable exchange rate, but the company — the world's most indebted energy firm — still faces considerable challenges.
Mexico’s export revenue shot up 10.6% in June, with manufacturing leading the way
Total earnings from exports for the first half of 2025 were up 4.4% over the same six-month period last year, despite the turbulent year for foreign trade.
Surprise drop in inflation likely to trigger further interest rate cuts, experts predict
The drop in inflation has upended expectations that Mexico’s central bank would ease off rate cuts this summer.
Spanish energy giant Iberdrola to sell US $5B in assets, exit Mexico
Europe's largest power company has had a strained relationship with the Mexican government since the López Obrador administration, and is now selling off its Mexican assets worth US $4.7 billion.
Mexico and Brazil eye expanded trade deal ahead of August meeting
Sheinbaum and Lula discussed the expansion of the Brazil-Mexico trade agreement, highlighting the potential of the pharmaceutical, agricultural, ethanol, biodiesel, aerospace, innovation and education sectors.
Brazil to import avocados from Mexico, unlocking a market of over 200 million
Mexico is the largest global producer of avocados, contributing around 34% of the global volume, but has not previously exported avocados to Brazil.
OCN invests US $150M to make car rentals easier for gig workers in Mexico
The car-rental fintech is betting that there are thousands of gig workers in Mexico who are most in need of a car yet least able to get traditional financing for one.
Maya Train freight service set to begin operations by end of 2026
Construction on the freight network began in April and is currently at 5% completion, the general in charge of the project said.
In Nuevo León, companies are skipping investment announcements to avoid US scrutiny
Though investment remains strong, businesses are taking a cautious approach to public announcements, state officials say.
Trump’s tariff threat could hamper Mexico’s growth into 2027, J.P. Morgan warns
The U.S. president's aggressive trade posture could convert the supposedly routine review of the USMCA into a drawn-out struggle that would stall Mexico's recovery.
Mexico’s beloved corner stores are in danger of disappearing, new survey shows
The business alliance behind the survey said it shows the need for digitalization training and national policies to support small businesses.
Bimbo announces US $2 billion investment in 7 Mexican states
The Mexican breadmaker will be modernizing its factories, boosting its EV delivery system and making its product packaging more environmentally friendly.
