CRE laying off 40% of staff amid the Covid-19 pandemic
MEXICO – The Energy Regulatory Commission (CRE) recently made a massive cut which includes 40% of its staff, according to…
Supreme Court declines to hear border wall challenge
WASHINGTON – The Supreme Court is leaving in place a decision that rejected environmental groups’ challenge to sections of wall…
FDA revisits food safety with Mexican papaya industry
TEXAS – The Food and Drug Administration has issued a second notice to the importance of food safety measures to…
Ascenty to invest US$350 million in MĂ©xico
QUERETARO – The Brazilian company Ascenty announced the construction of two data centers in QuerĂ©taro, for which it will allocate…
JV Acquires US$72 million Phoenix Multifamily
TEMPE, AZ – The joint-venture partnership of FCP and Tides Equities has acquired a 442-unit apartment community in Tempe, AZ…
San Diego creates new marijuana business regulatory agency
SAN DIEGO – San Diego has joined cities like Los Angeles, Sacramento and San Francisco in creating a cannabis-specific agency…
Aeroméxico to receive US$100 million financial support from AIMIA
MEXICO – Grupo AeromĂ©xico said in a statement that it reached an agreement with the Canadian travel consolidator AIMIA, which…
There will be no layoffs: Interjet
MEXICO – Interjet promised that, according to negotiations between the company’s Section 15 workers and the Mexican airline, there will…
Kia Motors MĂ©xico operates at a 30% capacity
PESQUERIA – The KIA assembly plant in PesquerĂa, Nuevo LeĂłn, currently operates at 30% of its capacity and continues to…
BORDERNOW July 2020
29 June, 2020Mexico’s construction sector loses 340,000 jobs due to COVID-19
26 June, 2020MEXICO – The construction industry has lost nearly 340,000 jobs nationwide due to the coronavirus pandemic, representing 43% of the…
Mexican retailer Grupo Famsa looks for Chapter 11 protection
26 June, 2020MEXICO – Grupo Famsa, a retail sector firm, has filed for bankruptcy protection in the United States, according to a…
Aeroméxico to double domestic flights in July
26 June, 2020MEXICO – Recently, Aeromexico announced that it will operate twice domestic flights just as it has been doing during June…
Mexican exports register historical 56.72% drop in May
26 June, 2020MEXICO – During May merchandise exports amounted to US$18 billion, which represented a 56.72% decrease at an annual rate, according…
Nuevo Leon, the state with the highest loss of formal Jobs
26 June, 2020NUEVO LEON – Nuevo Leon is one of the eight states whose net permanent job losses in May represented more…
Texas freezes business’ reopening
26 June, 2020AUSTIN — Governor Greg Abbott announced that it will stop any further phase of reopening businesses in Texas, and that…
Mexico hopes to recover with the USMCA’s entry into force
26 June, 2020MEXICO – The USMCA’s entry into force in July will help recover the attraction of foreign direct investment (FDI) lost…
Nuevo Leon registers record fall in the commerce sector in April
26 June, 2020NUEVO LEON – As a consequence of the confinement caused by the Covid-19 pandemic, the sales of the commercial sector…
Impact of USMCA on the Global Automotive Supply Chain
26 June, 2020GlobalAutoIndustry.com’s latest Audio Interview “Impact of USMCA on the Global Automotive Supply Chain” features Daron Gifford. Mr. Gifford is Partner,…
Kia Motors MĂ©xico reaches 1 million units production
25 June, 2020PESQUERIA – After 4 years and a month of production, the Kia Motors Mexico plant reached its first million units….
