Tag Archives: Xinhua

Mexico Recovers 1.5 Million Jobs Lost to Pandemic

XINHUA Mexico incorporated 1.5 million more citizens into the economically active population (PEA) in July as a result of the gradual reopening of businesses closed due to the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 3. The Inegi National Survey on Occupation and Employment (ENOE) showed that the PEA reached 52.6 million in

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United Nations: Covid-19 Will Push 47 Million More Women into Poverty

XINHUA The coronavirus pandemic and its fallout will likely push 47 million more women into poverty, reversing decades of progress to eradicate extreme poverty, new data released  by the United Nations on Wednesday, Sept. 2, revealed. The study, commissioned by UN Women and the UN Development Program (UNDP), points to a 9.1 percent increase in the poverty rate for women.

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Mexican Navy Seizes 2.9 Tons of Cocaine off Caribbean Coast

XINHUA Mexico’s Navy seized 2.9 tons of cocaine after intercepting a boat off the country’s southeast Caribbean coast, the Naval Secretariat said on Wednesday. Sept. 2. Naval infantrymen also detained three suspects during the operation late Tuesday some 85 nautical miles east of Mahahual, a resort town in the Caribbean state of Quintana Roo , near the border with Belize.

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New Vehicle Sales in Mexico Up for Fourth Month in a Row

XINHUA New vehicles sales in Mexico rose 5.75 percent in August compared to the previous month, climbing for the fourth consecutive month amid the covid-19 pandemic, official figures showed Wednesday, Sept. 2. Sales reached 77,092 units in August, compared to 72,897 in July, the National Institute of Statistics and Geography (Inegi) said. Vehicle sales plunged to 34,903 units in April,

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Mexican Exports up 8.81 Percent in July

XINHUA Mexico’s exports grew by 9.81 percent in July compared to June, mainly driven by vehicle exports to the United States, the National Institute of Statistics and Geography (Inegi) said on Thursday, Aug. 27. The total value of exports amounted to $34.847 billion in July, representing the second consecutive month of growth after dropping in April and May due to

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Banxico: Mexican Economy Faces High Degree of Uncertainty

XINHUA Mexico’s economy is facing a “high degree of uncertainty” because it is still difficult to predict the duration of the covid-19 pandemic and the impact that the virus containment measures will have, the Central Bank of Mexico (Banxico) said in a report on Wednesday, Aug. 26. “The evolution of the covid-19 pandemic is still in progress both globally and

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Mexico to Participate in Italian Clinical Trials

XINHUA Mexico will participate in clinical trials of a vaccine being developed in Italy against the novel coronavirus (covid-19), Mexican Foreign Affairs Minister Marcelo Ebrard said on Tuesday, Aug. 25. “We are very grateful to Italy,” Ebrard said at a press conference, accompanied by Mexican President Andrés Manuel Lopez Obrador (AMLO) and authorities from the health sector. Italy’s Lazzaro Spallanzani

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Mexico Could Receive $40 Billion in Remittances in 2020

XINHUA Mexico could receive a record $40 billion in remittances in 2020, helping to drive domestic economic recovery, Mexican President Andrés Manuel López Obrador (AMLO) said on Monday, Aug. 24. “Remittances continue to grow, despite the pandemic,” the president said during his daily morning press conference at the National Palace in Mexico City. “This year we are going to receive

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Retail Sales in Mexico Up 7.8 Percent in June

XINHUA Retail sales in Mexico rose 7.8 percent in June compared to May, the National Institute of Statistics and Geography (Inegi) reported on Friday, Aug. 21. Sales of wholesale products grew by 11.1 percent in June, their first positive result in three months. The deputy governor of the Bank of Mexico, Jonathan Heath, explained that the figures released by the

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