Category: Mexico
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Volkswagen warns of ‘harmful’ consequences from Trump’s Mexico tariffs
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Volkswagen has warned that the US administration’s proposed tariffs on imports from Mexico could have a “detrimental economic impact” on both US consumers and the global auto industry. This comes after President Donald Trump indicated this week that he intends to impose tariffs of up to 25 percent on vehicles…
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Dollar Rebounds as Trump Eyes More Canada, Mexico Tariffs
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(Bloomberg) — The dollar rebounded again after posting its biggest drop in 14 months amid bets that U.S. President Donald Trump’s tariff plans will stimulate inflation and prevent further interest rate cuts from the Federal Reserve. Most read from Bloomberg The Bloomberg dollar gauge rose as much as 0.7% in…
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Biden Mulls Tariff Break for Solar Modules From Mexico
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Breadcrumb links BMN Business The Biden administration is considering exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd. Article writer: Bloomberg News Jennifer A. My bucket Posted on December 21, 2024 • 3 minutes read You can save this article…
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After Tesla snub, Mexico vows production of its own compact EVs
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After being snubbed by Tesla, Mexico’s new president on Friday pledged to create an affordable, Mexican-made small car Electric car To compete with cars imported from China. President Claudia Sheinbaum He said Tesla cars were “cumbersome” or too expensive for the Mexican market anyway. Tesla’s cheapest car, the Model 3,…
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After Tesla snub, Mexico vows production of its own compact EVs
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After being snubbed by Tesla, Mexico’s new president on Friday pledged to create an affordable, Mexican-made small car Electric car To compete with cars imported from China. President Claudia Sheinbaum He said Tesla cars were “cumbersome” or too expensive for the Mexican market anyway. Tesla’s cheapest car, the Model 3,…
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Foxconn building Nvidia superchip facility in Mexico, executives say By Reuters
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By Yimo Li TAIPEI (Reuters) – Foxconn is building the world’s largest manufacturing facility in Mexico to assemble Nvidia’s (NASDAQ:) GB200 super chips, a key component in the U.S. company’s next-generation Blackwell family computing platform, the company’s top executives said. Taiwanese on the 23rd. Tuesday. Foxconn, the world’s largest contract…
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Oil firms evacuating US Gulf of Mexico staff as major hurricane looms By Reuters
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HOUSTON (Reuters) – U.S. oil producers scrambled on Monday to evacuate employees from oil platforms in the Gulf of Mexico as the second major hurricane in two weeks was expected to hit offshore oil fields. A potential tropical cyclone in the Caribbean is expected to rapidly strengthen over the warm…
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Oil firms evacuating US Gulf of Mexico staff as major hurricane looms By Reuters
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HOUSTON (Reuters) – U.S. oil producers scrambled on Monday to evacuate employees from oil platforms in the Gulf of Mexico as the second major hurricane in two weeks was expected to hit offshore oil fields. A potential tropical cyclone in the Caribbean is expected to rapidly strengthen over the warm…
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Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen
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SlavkoSereda/iStock via Getty Images Crude oil prices rose for a second straight session on Thursday as Hurricane Francine forced several offshore wells to shut in production, but gains were capped by lingering concerns about the outlook for crude demand. More than 730 thousand barrels per day, or 42% of Crude…
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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Gulf of Mexico oil drilling faces threat from court ruling on endangered species
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Pera1 U.S. regulators are seeking to rewrite guidelines on how to protect endangered species in the Gulf of Mexico before a December deadline, which could lead to Threat to oil and gas production In an area that supplies 2 million barrels of oil per day, or about 15% of U.S.…
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New Mexico AG files case against Snap alleging platform enables child exploitation (SNAP)
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The office of New Mexico Attorney General Raul Torres said Thursday it has filed a lawsuit against Snapchat (NYSE:SNAP) alleging that the social media company’s policies, content, and recommendation algorithm promote the sharing of child sexual abuse material and facilitate child abuse. Sexual exploitation. “Our undercover investigation revealed that malicious…
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New Mexico Starbucks nicknamed ‘Charbucks’ after arson attacks By Reuters
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By Andrew Hay TAOS, New Mexico (Reuters) – After two fires ignited a Starbucks construction site in Taos, New Mexico, a developer is trying again to build the first self-service coffee shop in the mountain town with a history of rebellions and opposition from some to national chains. It didn’t…
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New Mexico Starbucks nicknamed ‘Charbucks’ after arson attacks By Reuters
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By Andrew Hay TAOS, New Mexico (Reuters) – After two fires ignited a Starbucks construction site in Taos, New Mexico, a developer is trying again to build the first self-service coffee shop in the mountain town with a history of rebellions and opposition from some to national chains. It didn’t…
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Mexico stocks higher at close of trade; S&P/BMV IPC up 0.33% By Investing.com
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Investing.com – Mexican stocks were higher after Friday’s close, as gains in the banking and financial services sectors led shares higher. At the end of trading in Mexico, the index rose by 0.33%. The session’s top performers were Controladora Vuela Compania de Aviacion SAB de CV (BMV:), which rose 5.04%…
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Hurricane Beryl batters Mexico, heads towards South Texas By Investing.com
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Hurricane Beryl is expected to strengthen as it approaches the South Texas coast, posing threats of damaging winds, life-threatening storm surges and severe flooding. The storm is expected to be the first storm to make landfall in the United States during the 2024 Atlantic season. Earlier this week, Hurricane Beryl…
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Hurricane Beryl batters Mexico, heads towards South Texas By Investing.com
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Hurricane Beryl is expected to strengthen as it approaches the South Texas coast, posing threats of damaging winds, life-threatening storm surges and severe flooding. The storm is expected to be the first storm to make landfall in the United States during the 2024 Atlantic season. Earlier this week, Hurricane Beryl…
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Hurricane Beryl aims at Mexico tourist hotspots after soaking Jamaica, Caymans By Reuters
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By Jose Cortes and Paola Chiomanti TULUM/CANCUN, Mexico (Reuters) – Hurricane Beryl battered major tourist resorts in Mexico on Thursday evening after passing through the Cayman Islands and hitting Jamaica with winds that destroyed buildings and uprooted trees. Hurricane Beryl, now a Category 2 storm, has left a trail of…
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Hurricane Beryl roars toward Mexico after killing at least 7 people in the southeast Caribbean
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Breadcrumbs Path Links PMN Business Article author: Associated Press Martin Silva and Fernando Llano Published on July 4, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content PLAYA DEL CARMEN, Mexico (AP) —…