The Organization for Economic Co-operation and Development (OECD) expects Mexico’s budget deficit to increase to 3.1% of GDP in 2022, from 2.9% in 2021. The OECD also projects that this deficit will then decrease to 2.8% of GDP in 2023. It considers that the official measure of public
Chihuahua and Coahuila took the top positions among the states that export the most in Mexico, Inegi reported on Thursday. In the first quarter of 2022, the states with the highest contribution to the total value of exports were: Chihuahua (14.3%), Coahuila de Zaragoza (11.8%), Baja California (10.3%),
New regulations for drivers in the United States with commercial driver’s licenses led to 81,000 drivers being removed from the trucking industry in 2020 and 2021. There, the Federal Motor Carrier Safety Administration (FMCSA) has established a drug and alcohol clearinghouse for commercial driver’s licenses, which is a
Bridgestone, a Japanese multinational automobile and truck parts manufacturer, is investing in using guayule as a substitute for natural rubber in tire production. The current problem? Natural rubber, extracted from the Para rubber tree, is a key component of all tires. But growing and cultivating rubber presents challenges.
Komatsu, a leading global manufacturer of construction, mining and forestry equipment, entered into agreements with Proterra and Honda related to electrification. The company also produces forklifts and industrial machinery. On the one hand, Komatsu has signed a collaboration agreement with Proterra Inc. of the United States to receive
Hong Kong ranked first among the world’s largest exporters of semiconductor chips in 2021, with $229.336 million. This value represented a year-on-year rise of 36.5%, according to data from the Hong Kong Census and Statistics Department. The high demand and importance of semiconductors are clearly visible in the