EU restrictions on Huawei will not have an impact, says founder

Huawei founder Ren Zhengfei was confident that Washington’s restrictions on technology sales to the company will have little impact, and said the Chinese tech giant is talking to Google about “emergency relief measures” to possible service losses in their smartphones. Huawei Technologies Ltd., the largest manufacturer of networking equipment for telephone companies, has ” supply reserves” if it loses access… Read more »

Investing in renewable energy will bring great advantages: Joaquín Leal

Although details are being finalized for the second long-term auction, with the approval of the National Development Plan, the clean energy expert of the Massachusetts Clean Energy Center, Joaquín Leal Jiménez, supports the initiative to give tax benefits for investing in renewable energy. This initiative deals with several articles, which provide investors, SMEs and individuals with some benefits in terms… Read more »

Mexico also withdraws tariffs on some EU products

The Government of Mexico announced the elimination of tariffs on certain products from the United States as a measure of reciprocity for the elimination of the tax on steel and aluminum. The measure is implemented after the agreement reached between Mexico and the United States last Friday, when the quotas of 25% to steel and 10% to aluminum were withdrawn…. Read more »

Focused on the trade war, the US and China will tax these products

Focused on trade and tariff warfare, the Governments of China and the United States announced the list of products of their economic exchange that will be taxed within the framework of actions and reactions that hit the stock exchanges and currencies of all the world. The measure taken by the US would reach tariffs of 300 billion dollars in laptops,… Read more »

Banxico adjusts monetary policy to economic weakness

The Banco de Mexico (Banxico) adjusted “so timely and firm” its monetary policy to achieve convergence of inflation to the target, although the balance of risks to economic growth is skewed to the downside, said the Board of Governors in the minutes of its most recent decision published this Thursday. The central bank maintained the key interest rate at 8.25%… Read more »