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US, Mexico Face Major Heat Wave That’s Set to Burden Electric Grid
Near record heat will spread from the US Southwest across Texas and the Great Plains this week, with temperatures of 100F (38C) or more straining electricity networks
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Mexico’s Low-Cost Carrier Viva Signs Initial Deal for 90 Airbus Jets
Viva had a fleet of 70 Airbus aircraft at the end March, consisting of a variety of A320 and longer A321 models, according to the carrier’s website
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Global Economy: US Jobs Seen Growing; Inflation Expected to Fall In Mexico, Brazil
The jobs report will be front and center in a holiday-shortened week
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Mexico’s Exports Boom Due to Nearshoring Despite Risk of Potential Recession In the US
The good performance of the automotive sector may not be sustained considering the risk of a US recession, says Andres Abadia, chief Latin America economist at Pantheon Macroeconomics
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Nationalist Policies Lead Trafigura to Cut Oil-Trader Jobs In Mexico
Private energy companies more broadly are struggling to do business in Mexico as President Andres Manuel Lopez Obrador, who took office in 2018, reverses policies that ended 75 years of state monopoly and opened the country to the private sector
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Russia Lobbies Mexico, MidEast to Stave Off New FATF Restrictions
A Russian state agency warned counterparts in Mexico of “serious difficulties” in joint development projects involving Lukoil and the roll-out of Moscow’s Mir card payment system if action by the FATF isn’t averted
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Mexico’s Ruling Party to Announce Presidential Candidate September 6
Mexico City Mayor Claudia Sheinbaum, Foreign Secretary Marcelo Ebrard, Senator Monreal, and Interior Minister Adán Augusto López are likely candidates
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Tesla Is Looking for Local Parts Suppliers as It Builds Plant in Nuevo Leon, Mexico
Tesla’s decision to build a facility in Mexico has been seen as part of the so-called “nearshoring” trend