BUSINESS
What is President Sheinbaum’s view on Mexico becoming a data center...
The proliferation of data centers in Mexico goes hand in hand with the inevitable growth of artifical intelligence as a technological tool and an economic engine. But their environmental costa are seen as too high for the sector to go global.
Cox to build US $310M desalination plant in Baja California
The company said the plant, with an initial capacity to produce 190 million liters of drinking water per day, is expected to be completed in three years and will be the largest of its kind in Latin America.
GreenLight will invest US $100M to produce first-of-its-kind RNA biofungicide in...
The enterprise, founded by Mexican scientist Andrey Zarur, will not only provide Mexico with a more environmentally friendly method of pest control, but will also contribute to an emerging Mexican biotechnology industry.
CCE: Mexico’s streamlined investment process has spurred US $3.5B in new business
According to José Medina Mora Icaza, president of the Business Coordinating Council (CCE), a package of measures launched in May to cut red tape for investors has borne fruit for Plan Mexico.
KIO Data Centers doubles down on Querétaro with a US $1.3B expansion plan
KIO Data Centers has operated in Mexico for two decades and is a major driver in converting the state of Querétaro into a hub for the digital economy in Mexico.
Mexico moves past Taiwan as the top AI server exporter to the United States
The recent surge in Mexican exports of servers for artificial intelligence is being interpreted as evidence of Mexico's success in the world's most dynamic technology sectors.
Peso breaks below 17 per dollar as the ‘super peso’ returns
The last time that it took fewer than 17 pesos to buy a dollar was on June 3, 2024, the day after the elections in which Claudia Sheinbaum and the Morena party won the presidency and a congressional majority in a landslide.
Sheinbaum, Goldman Sachs executive discuss Plan México investment at high-level meeting
Details surrounding Mexico’s ambitious goals of becoming the world’s 10th largest economy were tabled at a Tuesday meeting between President Claudia Sheinbaum and Golden Sachs president John E. Waldron.
Mexico’s industrial activity picks up in June, but still has more ground to recover
After a gloomy May, Mexico's industrial output is once again heading in the right direction, driven by construction's third straight month of positive year-on-year growth, a streak it hadn't enjoyed since early 2024.
Mexico seeks bids for 5G telecom system on 2 new passenger train lines
The Mexico City–Querétaro–Irapuato and Saltillo–Nuevo Laredo rail corridors, currently under construction, are part of an ambitious plan to significantly increase Mexico's connectivity.
The Mexican peso hits its strongest level against the dollar in 6 months
Helped by a steady Mexican interest rate and a negative U.S. job report, the peso followed its strong Thursday finish with continued gains through Friday.
Estadio Azteca owners lost an estimated $47M on FIFA’s most profitable World Cup ever
Grupo Ollamani reported steep losses tied to World Cup costs, including a payout of $53 million to FIFA over box-seat control, even as the tournament earned FIFA posted record profits.
Mexico in Numbers: The peso’s wildest swings since 2000
From an all-time low of 8.94 to a record high of 25.12 pesos per dollar, see how Mexico's currency has swung in recent decades.
US suspends avocado imports from Mexico over unspecified ‘threat against US interests’
The U.S. State Deparment announcement was followed by the deployment of 300 Michoacán state security operatives and 1,500 federal troops in the state's avocado-growing belt.
Mexico’s avocado exports to the US shot up 35% during Q1
In March alone, Mexico sent 148,511 tonnes of avocados to the United States, up 57% compared to the same period last year.
Taiwanese AI firm Inventec announces US $450M expansion in Ciudad Juárez
The company’s expansion is expected to support the creation of up to 6,000 specialized jobs.
