MND_BUSINESS
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...
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.
Sheinbaum launches ‘ApoyArte’ credit program for Indigenous textile artisans
The interest-free loans will help artisans cover the textile costs to develop their businesses, strengthening the financial autonomy of Mexico's Indigenous and Afro-Mexican women.
Foreign investment is setting records in a tough economy. How did Mexico pull it off?
New investment skyrocketed in the first half of the year as foreign funds continue to flow into Mexico.
L’Oréal will increase production in Mexico with a US $80M expansion
The beauty products manufactuer has plants in Mexico City and San Luis Potosí, plus a distribution center in México state, employing 2,800 peope directly.
CIBanco, Intercam sell off assets as US extends bank sanction deadline
It's been an action-packed week for CIBanco and Intercam, with news on U.S. sanctions, a lawsuit and the acquistion of bank assets by outside parties.
Canada imported more vehicles from Mexico than the US in June
Canadian importers spent CAD $1.08 billion (US $779 million) on passenger vehicles from Mexico in June, exceeding the CAD $950 million outlay on vehicles from the United States.
ODATA inaugurates data center in San Miguel de Allende, its 4th in Mexico
At the inauguration ceremony, Guanajuato Deputy Economy Minister Luis Andrés Álvarez Aranda said that SMA could become “the next Virginia or Arizona” in terms of data centers.
With US $3B investment, GE Appliances leaves Mexico; General Electric’s core operations remain
GE Appliances — which is not a subsidiary of General Electric, but rather a branch of Haier — will expand its U.S. operations in the states of Kentucky, Georgia, Alabama, Tennessee and South Carolina.
Mexico’s half-year trade deficit with China hits a record US $57 billion
The imbalance has existed for more than two decades, but with Economy Secretary Marcelo Ebrard warning "Enough is enough," Mexico is starting to take action.
Baja California Sur tourism industry demands action on insecurity
A spike in crime in central Baja California Sur threatens to scare visitors away from the state's tourism destinations, La Paz hoteliers say.
In a possible telecom sector shake-up, AT&T may be leaving Mexico
The U.S.-based multinational has been competing unsuccessfully with Carlos Slim's Telcel in Mexico since it bought Iusacell in 2014.
