Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the US-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.
Mexico’s economy could contract by almost 13% this year, the central bank (CB) warned, after gross domestic product (GDP) data showed the pandemic lockdown had thrown the country into the deepest slump since the Great Depression of the 1930s.
Mexico’s central bank (CB) unveiled around $31 billion in support for the financial system and cut borrowing costs in the country’s most decisive move yet to help the economy weather the coronavirus pandemic.
An irony of the coronavirus pandemic is that the idyllic beach vacation in Mexico in the brochures really does exist now: The white sand beaches are sparkling çlean and empty on the Caribbean coast.
Kira, a two and a half year-old tiger, arrived at a zoo in Mexico's northeast in April after her owner could no longer feed her due to the coronavirus-induced economic collapse.
She's been a princess, a president, a Marine Corps sergeant, an astronaut and a Star Wars stormtrooper. In Mexico for the Day of the Dead festival, Barbie is even a skeleton.
A disconsolate mother dressed in white wanders through Mexico City's floating gardens looking for her children killed by the coronavirus, in a pandemic-era adaptation of a legend rooted in Aztec mythology.
Mexican experts say the number of monarch butterflies that arrived this year to winter in mountaintop forests rose by 35% compared to the previous season.
Mexico’s central bank (CB) has hinted that further monetary policy easing could be on the way. The bank cut its key lending rate on Thursday for the first time since June 2014, citing slowing inflation and increasing slack in the economy.