Mexico
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Mexico to build $327mn supercomputer as it races to close AI gap
Mexico has unveiled plans to construct what it claims will be Latin America's most powerful supercomputer, a project the government says will help the country capitalise on rapidly evolving AI uses.
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Mexico President flatly rejects Trump's threat of military strikes against cartels
Mexican President Claudia Sheinbaum has categorically dismissed US President Donald Trump's suggestion that American forces could conduct military operations on Mexican territory to combat drug cartels.
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Mexico's Gen Z protest draws older crowd as violence mars rally
Public demonstrations in Mexico have renewed focus on security concerns, government accountability and the growing influence of digital platforms in political mobilisation.
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EU-Latin America summit confronts trade tensions and regional divisions
The EU and Latin American nations concluded their fourth summit on November 9 with a 52-point declaration championing multilateralism and containing veiled critiques of US policy.
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Iran denies alleged plan to assassinate Israel’s ambassador in Mexico
A series of conflicting statements between Washington, Tel Aviv, Tehran and Mexico City has followed allegations that Iran planned to assassinate Israel’s ambassador to Mexico, Einat Kranz-Neiger.
Telefónica pulls out of its last Spanish-speaking markets in Latin America
Telefónica SA has entered a decisive phase of restructuring, marking a retreat from Latin America’s Spanish-speaking markets as it consolidates operations in Europe and Brazil.
US strikes on drug vessels kill 14 in deadliest day of Trump's narcotics campaign
The US military killed 14 people in strikes on four vessels allegedly transporting narcotics in the eastern Pacific Ocean, marking the deadliest single day since President Donald Trump began his controversial campaign against drug trafficking.
The Arctic and Antarctica record "off the charts" heat as polar warming accelerates
Parts of both the Arctic and Antarctic have experienced historically high temperatures in recent weeks, with weather stations in East Antarctica recording record-breaking warmth for the month of October, alarming climate scientists.
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Mexico secures trade extension with US, averting November 1 tariff escalation
US President Donald Trump and Mexican President Claudia Sheinbaum have agreed to extend a critical trade deadline by several weeks, granting negotiators additional time to resolve 54 outstanding commercial barriers between the nations.
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Latin America edges up growth forecasts but remains trapped in low gear, ECLAC says
Latin America and the Caribbean will expand 2.4% this year, the Economic Commission for Latin America and the Caribbean said, marking the second upward revision since April but pointing to the region's struggle to escape chronically weak growth.
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China accuses Washington of “bullying” over visa ban threats in Central America
China has sharply criticised the United States for its decision to impose visa restrictions on Central American officials and citizens accused of ties to the Chinese Communist Party, describing the move as evidence of American “arrogance and bias."
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Revolut clears final hurdle for Mexico banking debut
Revolut has received final authorisation from Mexico's banking regulator to commence operations, positioning the London-based fintech to launch services within weeks.
IMF: Global economic outlook shows modest change amid policy shifts and complex forces
Dialing down uncertainty, reducing vulnerabilities, and investing in innovation can help deliver durable economic gains.
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World Bank nudges up Latin America growth forecast to 2.3% but warns of skills shortage
The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.
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Claudia Sheinbaum’s first year tests Mexico’s new direction
President Claudia Sheinbaum’s first year in office has been marked by a combination of political stability, expansive social policies and cautious diplomacy, all set against the backdrop of a slowing economy and growing institutional concentration.
Telefónica's mass redundancy plan signals deepening Latin American retreat
Spanish telco giant Telefónica SA is preparing to unveil a sweeping redundancy programme affecting more than 6,000 workers before year-end, marking the telecommunications company's most extensive workforce reduction in recent memory.
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US says USMCA talks with Mexico and Canada will "probably" be bilateral
Negotiations to review the free trade agreement between the United States, Mexico and Canada (USMCA), scheduled for 2026, will "probably" be bilateral, US Trade Representative Jamieson Greer said on September 30 at a New York Economic Club forum
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Mexican tycoon Carlos Slim invests $2bn in Veracruz oil field as Pemex drowns in debt
Mexican businessman Carlos Slim has expanded his involvement in the country’s hydrocarbons sector through a new drilling agreement with the state-owned oil company Petróleos Mexicanos (Pemex).
Mexico inflation accelerates to 3.74% ahead of Banxico meeting
Mexico's annual inflation accelerated approximately in line with expectations in early September ahead of the central bank's interest rate decision on September 26.
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Mexico and Canada close ranks ahead of USMCA review
Mexico and Canada have stepped up efforts to consolidate their bilateral relationship in anticipation of the 2026 review of the United States-Mexico-Canada Agreement.