Trump’s biggest rival This 44-year-old former Navy lawyer is the main obstacle to the Republican inauguration of former President Donald Trump, a man with whom he shares his main ideas, but not his excesses. The former president, who moved to Florida after leaving the White House, has gone from being an ally of DeSantis to writing daily messages against him. The governor of Florida, born in the state 44 years ago, does not usually respond hotly to the attacks of the 76-year-old ex-governor, but from time to time he looses a poison dart at his former mentor. “Government is not…
Author: Stanley Bowers
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The export of services plays a central role in the world economy, since it represents almost a quarter of total exports, and faces an auspicious outlook thanks to technological advances, cheaper telecommunications, the growing use of the Internet in the world and the growth in the use of broadband that allows us to provide various technical and professional services regardless of distance. Technological advances have made it possible to overcome geographical barriers, particularly in the export of services. While many large or small businesses -especially linked to the manufacture of goods- require local suppliers, for another part of the business…
América Móvil’s preponderance averages, focused on reducing its market share, must be reviewed every two years to determine if a change is required or if they are being effective. But now it is about to be three years since the last review, after the delay caused by the pandemic. AT&T, Telefónica, Televisa and Megacable participate in the new review of the regulatory measures under which América Móvil, the preponderant player in telecommunications, operates. Their recommendations and comments, in order to achieve effective competition, have already been published in a public consultation carried out by the IFT itself. One of the…
How does the debt ceiling affect the Mexican market? The dollar is considered a safe haven asset, so when there is greater uncertainty and volatility in the market, this currency tends to strengthen, weakening the peso. “What we are beginning to see is that as the market is becoming more risk off (which sees more risks), with the issue of ceasing to pay, it is an appreciation of the dollar. And we already see how the main currencies of emerging markets (such as the Mexican peso) are beginning to suffer from this volatility”, explains Nicolas Malagardis, market strategist at Natixis…
Staff turnover can be a symptom of a stagnant organizational culture, poor human resource management, or a natural response to changing labor market conditions. As a result, companies are forced to find new ways to retain talent and ensure the continuity of their operations, while facing economic and social challenges. Lack of growth opportunities, low-paying salary, and not having an offer of benefits can lead to dissatisfaction and constant job switching. This is something I have seen with our partner companies, workers feel undervalued when they receive low wages, especially when they are convinced that their work has real significance…
What happened with the sale of Banamex? “After careful analysis, we conclude that the optimal path to maximize Banamex’s value for our shareholders and advance our strategic objective of simplifying our firm is to move from our dual path to focus solely on an IPO of the Business”, said the president executive, Jane Fraser. Citi had announced plans to divest the unit more than a year ago as part of a strategic review by Fraser to exit 14 consumer banking markets in Asia, Europe, the Middle East and Mexico. Until a week ago, everything seemed to indicate that a large…
Who is German Larrea? Germán Larrea Mota Velasco is originally from Mexico City, but your date of birth is not exact. Various sources suggest that he was born on October 26 between 1941 and 1953. Before seeing the light, his destiny was already framed by a business environment. His father, Jorge Larrea Ortega, began in the business sector during the six-year term of President Miguel Alemán Valdez, through the construction company Construcciones Jorge Larrea, but it was years later when he met Bruno Pagliai of Tubos de Acero de México, a the one who was a shareholder, who This relationship…
Sangay volcano, Ecuador El Sangay, the southernmost of the Ecuadorian Andes, commanded this Monday the levels of activity of several volcanoes on which permanent surveillance is maintained due to the seismic and superficial behavior that they currently generate. The colossus, located in an Andean branch that flows into the Amazon, released a slight and continuous emission of ash this Monday that reached about 1,000 meters above its crater and that, due to the effect of the wind, headed to the west and southwest of the massif. A seismic signal detected by the Geophysical Institute (IG) of the National Polytechnic School,…
“We do need a bank, and it was an opportunity. It is an opportunity, if they talked about 7,000 million dollars (mdd), and they have to pay 2,000 million dollars in taxes for the public treasury, there are 5,000 million dollars left, (you can participate through) a public-private partnership, where the government contributes another amount, we can have up to 3,000 million dollars, and 2,000 million dollars that are sold in shares to Mexicans, to Mexicans who want, everyone, because it is a good business”, said the president in the morning conference. After Citigroup will announce this morning that it…