By RICARDO CASTILLO Indigenous Design Rights International fashion design houses Louis Vuitton and Pineda Covalín are now in negotiations with the Mexican government to pay intellectual and creative rights to the country’s indigenous people after having copied some of their original designs without paying the corresponding copyrights. Legislative changes in Mexico, said Senator Susana Harp, include placing the indigenous communities
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XINHUA Cutting crime in Mexico is key to attracting more foreign investment, leading to higher economic growth, the Private Sector Center for Economic Studies (CEESP) said in its weekly report, issued on Sunday, Feb. 2. “That is why it is indispensable to guarantee security,” said the CEESP, which is part of the conservative Business Coordinating Council (CCE), Mexico’s largest business
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XINHUA Mexico’s economy continues to face risks that dampen its growth outlook, but there is the chance of a modest economic recovery in 2020, the central Bank of Mexico (Banxico) said in a press release. According to the details of the latest meeting of the bank’s five-member governing board, “the majority of the members indicated that in an environment marked
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By RICARDO CASTILLO USMCA Is a Done Deal Happiness is a good trade deal. And a great Christmas gift for Mexican President Andrés Manuel López Obrador (AMLO) since it affords the country a potentially secure economic future once all of the minor hurdles have been cleared. The passage of the United States-Mexico-Canada Agreement (USMCA, or T-MEC, in Spanish), which was finally
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XINHUA … Banxico has downgraded its economic growth forecast for 2019 and 2020, citing weak production and uncertainty…
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By RICARDO CASTILLO It’s the end of July and figures are beginning to trickle in regarding the state of Mexico’s economy. The first one landed on Friday, July 26, from the National Institute of Geography and Statistics (Inegi), which is the nation’s foremost authority in gauging financial and industrial trends and the news is not good since the Gross Domestic
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By THE PULSE NEWS MEXICO STAFF Despite the fact that Mexican President Andrés Manuel López Obrador (AMLO) promised that inflation would be kept at a maximum of 3.4 percent rate in 2019, overall price increases for the first half of March shot up to 3.95 percent, according to the National Consumer Price Index (INCO), a subdivision of the National Institute
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By RICARDO CASTILLO Now that Mexican President Andrés Manuel López Obrador (AMLO) declared on Sunday, March 17, “the end of the neoliberal era,” a brief review of what it was seems to be in order. AMLO says that it lasted 36 years through six different presidents; his gauge is correct. He also said in his calling neoliberalism defunct that his
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By THÉRÈSE MARGOLIS The Bank of Mexico (Banxico) lowered it predicted 2019 GDP growth rate for Mexico on Wednesday, Feb. 27, from between respectable 1.7 and 2.7 percent to an unexceptional 1.1 to 1.2 percent on Wednesday, Feb. 27. Citing a variety of causes from a global economic slowdown to internal factors such as fuel shortages (due to a nationwide
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By RICARDO CASTILLO Mexican President Enrique Peña Nieto is leaving office with a bang. Today, Friday, Nov. 30, he is in Buenos Aires meeting with U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau to sign the would-be final draft of the new North American Free Trade Agreement, or whatever it is called nowadays. (I say would-be because on
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