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Daina Beth Solomon

UPDATE 1-Mexico retailers see slight slowdown in sales growth for 2020

16 Jan 2020

MEXICO CITY, Jan 16 Mexican retailers expect sales growth to slow slightly in 2020 after a stronger-than-expected performance last year, a top industry association said on Thursday.

Mexico union threatens Home Depot strike, inspired by USMCA trade deal

15 Jan 2020

MEXICO CITY Spurred on by labor protections in the new North American trade deal, a top Mexican trade union has accused Home Depot of blocking union activity and threatened strikes next week if the U.S. home improvement chain does not improve pay and benefits for workers.

SoftBank-backed delivery app Rappi lays off 6% of workers

10 Jan 2020

SAO PAULO/MEXICO CITY Latin American delivery startup Rappi said on Thursday it has laid off 6% of its workforce, less than a year after Japan's SoftBank Group invested nearly $1 billion in the company.

Walmart opened 134 stores in Mexico in 2019, biggest expansion in six years

08 Jan 2020

MEXICO CITY Walmart last year launched its biggest expansion in Mexico since 2013, opening 134 new stores in its top foreign market and boosting its presence by nearly 5%, the retailer said Wednesday.

Data's the secret weapon for Rappi, SoftBank's big bet in Latin America

06 Jan 2020

MEXICO CITY "We're going to help you understand your missed opportunities," the boss of delivery app Rappi tells restaurants and food brands. "Why Wednesday is maybe not the best day for you, or why lunch is better than dinner."

Mexico City goes back to the future with plastic bag ban

04 Jan 2020

MEXICO CITY Mexico City's new ban on plastic bags has inspired visions of a journey back in time even as local makers of the packaging worry they could become obsolete. | Video

U.S., Canada and Mexico reach agreement - again - to replace NAFTA

10 Dec 2019

WASHINGTON/MEXICO CITY Top officials from Canada, Mexico and the United States signed a fresh overhaul of their quarter-century-old regional trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.

Mexico says U.S. fentanyl crackdown led to botched arrest of El Chapo's son

01 Nov 2019

MEXICO CITY Mexico's security minister said on Friday that U.S. efforts to curb the opioid fentanyl were behind the brief arrest of a son of imprisoned kingpin Joaquin "El Chapo" Guzman last month in Sinaloa, home turf for the notorious Sinaloa Cartel.

Shocked by cartel firefight, Mexico's Culiacan seeks return to normality

19 Oct 2019

CULIACAN, Mexico/MEXICO CITY Stunned residents of the Mexican city of Culiacan gingerly ventured back into the streets on Friday as police cleared away shell casings and scorched cars from an eruption of gangland violence on the home turf of the notorious Sinaloa Cartel.

Mexican billionaire Slim vows to invest in Mexico, touting economic prospects

17 Oct 2019

MEXICO CITY Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.

World News