Pemex Restructuring Plan Aims to Cut 3,114 Jobs and Save 10.5 Billion Pesos
An internal Pemex document dated May 2025 proposes laying off over 3,114 tenured employees, saving roughly 10.5 billion pesos as […]
Business
Mexico Sues Google Over “Gulf of America” Labeling
Mexico’s Foreign Relations Ministry has filed a lawsuit against Google for renaming the Gulf of Mexico as the “Gulf of
Banorte Withdraws Bid for Banamex, Paving Way for Citigroup’s IPO Plan
On May 5, 2025, Banco Mercantil del Norte (Banorte), one of Mexico’s largest domestic lenders, formally announced it has withdrawn
Shocking Exit: Why Cabify is Suddenly Pulling Out of Mexico for Good
Cabify, the Spanish ride-hailing service, announced on Wednesday that it will cease its operations in Mexico in October. The company,
American Companies Halt Investment in Mexico Over Judicial Reform Concerns
Several American companies have put a pause on announcing planned investments in Mexico due to uncertainties surrounding the reform of
MG Motor Announces New Research and Development Center in Mexico Amid Sales Milestone
In a significant milestone for the automotive industry, MG Motor has announced plans to establish a Research and Development Center
Political Uncertainty Dampens Business Investment in Mexico
The willingness of businessmen to invest in Mexico has seen a significant decline of 13.9 percentage points from April to
Oxxo Expands into the U.S. Market with Acquisition of Delek US Holdings Stores
Fomento Económico Mexicano (Femsa) announced a definitive agreement with Delek US Holdings Inc. to acquire 249 stores. This acquisition, valued
Survey Reveals Impact of Crime on Mexican Companies: 6 Out of 10 Businesses Victim of Crime
A recent survey by the American Chamber of Commerce of Mexico (Ancham) has highlighted the significant impact of both common
Ongoing Violence in Nuevo Laredo Shuts Down 191 Oxxo Stores
Nuevo Laredo, Tamaulipas – FEMSA, the multinational beverage and retail company, announced that it convened with state authorities in Tamaulipas
Elon Musk Pauses Tesla’s Nuevo Leon Factory Plans Amid U.S. Presidential Election Uncertainty
Nuevo Leon, Mexico – Elon Musk, CEO of Tesla, has announced that the company is putting its investment in a
Mexican Designers Incorporate Braille in Fashion to Empower People with Sensory Disabilities
Guadalajara, Mexico – Mexican designers Jehsel Lau and Valeria Guzmán have introduced an innovative clothing line that features Braille messages,