Government, Business, Technology, Equipment

US, Mexico to Cooperate on Semiconductors, Electric Vehicles

Blinken US Secretary of State Antony Blinken waves in front of US Commerce Secretary Gina Raimondo. (Associated Press Photo/Fernando Llano)

MEXICO CITY — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized lithium industry, officials from both countries said Sept. 12.

September 13, 2022
Business, Fuel

Mexico to Stop Exporting Oil in 2023 in Self-Sufficiency Quest

Mexico to Stop Exporting Oil in 2023 in Self-Sufficiency Quest Octavio Romero, CEO of PEMEX, speaks during an interview. (Alejandro Cegarra/Bloomberg)

Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.

Amy Stillman | Bloomberg News
December 28, 2021
Government, Business, Breaking News

US-Mexico Border to Close; Trade Will Keep Moving

Mexico border The San Ysidro port of entry in Tijuana, Mexico. (Luis Antonio Rojas/Bloomberg News)

Following similar action along the Canadian border, the White House has closed the United States’ border with Mexico to nonessential traffic, but is exempting trade and commerce from the ban.

Dan Ronan | Senior Reporter
March 20, 2020
Government, Business

GSA Completes Major Border Facility Project

Cars wait at the San Ysidro Land Port of Entry Cars wait to cross at the San Ysidro Land Port of Entry on June 27, 2013, in San Diego. Construction on a building is visible. (Gregory Bull/Associated Press)

The General Services Administration recently completed a 10-year construction project at the San Ysidro Land Port of Entry, a bustling border crossing facility that links San Diego County and Tijuana, Mexico.

Eleanor Lamb | Staff Reporter
December 20, 2019
Government, Business

Democrats See USMCA Deal Near, Urge Mexico to Accept Compromise

Mexico’s top trade negotiator, Jesus Seade Mexico’s top trade negotiator, Jesus Seade by David Kawai/Bloomberg News

House Democrats said Dec. 4 that a deal on the stalled U.S.-Mexico-Canada free-trade agreement is within reach and urged Mexico to accept a compromise on labor-rights enforcement.

December 4, 2019
Government, Business

Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP

Mexico President Lopez Obrador President Lopez Obrador, seen in December of 2018. (Alejandro Cegarra/Bloomberg News)

Mexico President Andres Manuel Lopez Obrador announced an infrastructure plan worth 859 billion pesos ($44 billion) that includes highways, railways, ports and airports as well as investments in telecommunications, with most of the capital coming from the private sector.

November 26, 2019
Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

Tanker trucks at storage and dispatch terminal of Petroleos Mexicanos Tanker trucks wait at the storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press)

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019
Government, Business, Fuel

Pemex Reduces Fuel Imports After Theft Crackdown

Pemex fuel pump Susana Gonzalez/Bloomberg via Getty Images

Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft.

Amy Stillman | Bloomberg News
October 23, 2019
Government, Business, Fuel, Logistics

US Exporters Rely on Trucks to Meet Mexico’s Fuel Demand

Tank truck A tank truck carrying gasoline. (Christina Mendenhall/Bloomberg News)

U.S. exporters are increasingly relying on trucks to get fuel into Mexico as the country’s gasoline production sags and infrastructure constraints limit shipments from one coast to the other.

September 17, 2019
Government, Business

Mexico’s Senate Ratifies USMCA Amid Trump Tariff Cease-Fire

Mexico President Andres Manuel Lopez Obrador Mexican President Andres Manuel Lopez Obrador speaks during a rally in Tijuana, Mexico, on June 8. Lopez Obrador and U.S. President Donald Trump struck a deal on migration earlier this month. (Associated Press/Eduardo Verdugo)

Mexico’s Senate ratified a North American trade deal with the U.S. and Canada, becoming the first to do so amid a truce reached with President Donald Trump over an unrelated tariff threat.

Nacha Cattan | Bloomberg News
June 19, 2019