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Airwallex, a fintech unicorn, is making its way into Latin America with a new deal in Mexico, as tensions between the United States and China continue. The move comes as the Mexican government promotes nearshoring through tax benefits, aiming to attract more businesses to the region. In other economic news, non-government airport operators in Mexico are now required to pay higher tariffs. Additionally, Mexico's lower house of Congress has voted to give Pemex, the state-owned oil company, an even bigger tax reduction than proposed by the government. Meanwhile, Mexico's president threatens to declare a disputed property owned by Vulcan Materials an environmentally protected area after failing to reach an agreement with the US construction firm.
Mexico’s president threatens to declare a disputed property owned by Vulcan Materials an environmentally protected area, after failing to reach an agreement with the US construction firm https://t.co/J6dRcU5XUJ
Mexico’s lower house of Congress voted to give Pemex an even bigger tax reduction than that proposed by the government in the 2024 budget https://t.co/lXIiDguA6c
Mexico forces non-government airport operators to pay higher tariffs https://t.co/t774wSmbPI https://t.co/rka4kzyYCZ
Mexico City in effect https://t.co/AZT67SKTu5
Mexican Government Promotes Nearshoring Through Tax Benefits https://t.co/WKiqwgNik3
As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal https://t.co/eZcqfhNE2k