Business

Business

Intel’s Ohio semiconductor factory will be the largest in the world

The company plans to invest $20 billion to deal with the global chip shortage

Business

Jobless claims at highest levels since October

The rise in claims stems from the latest omicron wave

Business

Mexico’s economy slips in December, raising concerns of a recession

Compared to the previous year, the Mexican economy shrank

Business

Bukele reacts to Moody's warnings over El Salvador's bitcoin buying spree

The country's bitcoin buying spree increases its default risk

Business

Puerto Rico released from bankruptcy, had tens of billions in debt

The U.S. protectorate received approval on Tuesday to leave bankruptcy through the largest restructuring of U.S. municipal debt ever, a write-down of $30.5 billion in public debt. In 2017, it owed its creditors $74 billion.

Business

Mexican and Canadian automakers blast Biden administration for protectionist policies

According to Canadian officials, the Biden administration’s view of the rules is “inconsistent” with the trade deal the three countries agreed to in 2019

Business

U.S. lawmakers condemn Mexico's violations in the energy sector

Electricity reform, changes to the Hydrocarbons Law, and the halt of permits for the export and import of fuels are of concern

Business

Citigroup plans to exit consumer and small business operations in Mexico

The bank will end its 20-year presence in the country

Business

What is at stake with Mexico’s energy reform?

Opposing groups say the measures will scare away private investment, while the government assures that its plan "suits the people"

Business

Latin America should expect 'bouts of economic turbulence,' IMF warns

“Given the risk that this could coincide with faster Fed tightening, emerging economies should prepare for potential bouts of economic turbulence,” the report warned