Mexico Financial News

Mexico on Wednesday. The ghastly accident left more than 50 people injured.

Pentagon has given out the details of a Russian counter space weapon that was launched earlier into the Low Earth Orbit (LEO). This weapon is said to be capable enough of attacking US Space assets. The US said that this launch took place on May 16, 2024.

Casual dining chain Red Lobster has filed for Chapter 11 bankruptcy protection

Mexico on Monday said that they are investigating the sudden deaths of endangered howler monkeys, suspecting extreme heat as a potential cause. The environment ministry said that possible reasons for the fatalities include «heat stroke, dehydration, malnutrition, or fumigation of crops with pesticides.» Studies are also planned to rule out the presence of any virus or disease. Temperatures soaring up to 45 degrees Celsius (113 degrees Fahrenheit) have been recorded in the southern states of Chiapas and Tabasco, where the monkey deaths have been reported. While the government has not disclosed the exact number of primates affected, the Tabasco-based wildlife preservation group COBIUS reported «mass deaths.»

JB Pharma forecasts its revenues to grow 12-14% and the earnings before interest, tax, depreciation, and amortisation (Ebitda) margins by 27-28% in FY25, the company's top executive said.

tornadoes and extreme weather events in the US in the past few weeks, a storm season has begun to hit the country with weather variations across the length and breadth of the country. On Sunday, winds speeding up to 100 mph were noticed in Kansas even as Tennis Ball-sized hail storms were raining down in the state.

Michelin-starred chef Arturo Rivera Martinez stands over an insanely hot grill at the first Mexican taco stand to get a coveted star

The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes

Investigators say a man with a long record of dangerous driving told them he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus

Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China’s second-largest market for auto exports. Warren Buffett-backed BYD, the world’s biggest maker of electric vehicles, said Tuesday that it would sell the midsize Shark at prices starting at 899,980 Mexico pesos ($53,407) for its GL model and MXN969,800 for its upscale GS version. BYD didn’t specify when deliveries would begin or say whether it had begun taking orders.

Federal investigators have secured a third guilty plea in connection with an investigation into U.S. Rep. Henry Cuellar of Texas, who is accused of accepting nearly $600,000 in bribes from an Azerbaijan-controlled energy company and a bank in Mexico

travel anywhere in the Eastern Pacific, do plan ahead as the hurricane forecast is out. The forecasters are predicting normal hurricane season for the upcoming period. This has been reported by Fox Weather. The national weather service of Mexico has predicted 15-18 storms to be formed with 7-8 leading to hurricane formation and 3-4 strengthening to major hurricanes. An average season normally sees 15 storms with 8 hurricanes and 4 major hurricanes being formed.

box office will be a treat to watch as The Garfield Movie, after a solid international debut, gears up for a stateside clash with Furiosa: A Mad Max Saga in the coming weeks. According to Collider, The Garfield Movie is the first animated film this summer and will take the reigns from Kung Fu Panda 4 as a family entertainer in May. Kung Fu Panda 4 released on May 8 this year and according to a previous ET report, has dominated in its opening domestic weekend itself, and has also surpassed its predecessor Kung Fu Panda 3 in terms of global box office collections.

Money managers are digging in their heels over a popular emerging-market bet in early 2024 even as the trade has unraveled five months into the year. 

Joe Biden has made another verbal gaffe during a recent campaign reception in Portola Valley, California, ANI reported. Biden, made an error in referring to North Korean leader Kim Jong Un as the 'President of South Korea', as per the New York Post. Biden's slip-up occurred while criticising his 2024 opponent and Republican candidate, and former President Donald Trump, for his rapport with the North Korean leader.

Bank of England sent its clearest signal yet that it was closing in on interest-rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead. The BOE governor made his comments after the UK central bank voted 7-2 to keep the base interest rate at 5.25%, a decision announced Thursday in London. He said recent inflation data have been “encouraging.” Meanwhile, price pressures in Brazil continued to ease, prompting the central bank to cut interest rates but at a slower pace.

Panama is on the verge of a dramatic change to its immigration policy that could reverberate from the dense Darien jungle to the US border. President-elect Jose Raul Mulino says he will shut down a migration route used by more than 500,000 people last year. Until now, Panama has helped speedily bus the migrants across its territory so they can continue their journey north. Whether Mulino is able to reduce migration through a sparsely populated region with little government presence remains to be seen, experts say.

from Chinese spying. The Kansas House's top GOP leader accused Gov. Laura Kelly of “apathy" toward serious national security threats from China and other nations declared by the U.S.

A man accused of killing three men who were on a surfing trip in Mexico allegedly confessed the crime to his girlfriend, according to testimony read in court Wednesday.

Google cuts jobs globally, but expands hiring in India and Mexico Pichai admitted that errors pertaining to Gemini's image generation feature and said, "From the ground up we are retraining these models...as soon as it’s ready, we will get it out to people". Pichai revealed that the feature will be re-released in a few weeks. Pichai is set to share a vision for the company’s future at Google I/O--the company’s annual developers conference next week.

A record 30% of global electricity was generated from renewables in 2023, according to a report released by Ember, a think tank based in London