Walmart in Mexico targets low prices despite steep inflation, profit jumps

By Daina Beth Solomon MEXICO CITY (Reuters) -Walmart’s Mexico unit on Thursday said it focused on its low-price strategy as inflation rose in the third quarter, helping the retailer’s net profit rise more than 20%. Walmart de Mexico, the biggest retailer in Mexico, posted net profit of 11 billion pesos ($535 million) while revenue More...

by sanmigueltimes | Published 7 months ago
By sanmigueltimes On Wednesday, October 6th, 2021

Business chambers against AMLO´s electricity reform warn electricity costs will increase in Mexico

Goodbye private solar panels with AMLO’s electric reform proposal MEXICO, (October 06, 2021).- The business sector made a new call to Congress to consider the implications of the electricity reform initiative, More...

By sanmigueltimes On Saturday, August 28th, 2021

Oracle to open Mexico cloud region next year in Querétaro

Mexico will be Oracle’s next cloud region in Latin America. BNAmericas reports the company will be opening a data center in Querétaro next year. “I can’t specify the date yet, but, yes, More...

By sanmigueltimes On Friday, August 20th, 2021

Workers at GM plant in Mexico reject contract after US uses trade deal challenge

Workers at a General Motors plant in Silao, Guanajuato, Mexico who build the company’s profitable Chevrolet Silverado and GMC Sierra pickups have rejected their collective bargaining agreement after the Mexican More...

By sanmigueltimes On Thursday, August 19th, 2021

Historic moment for the USMCA in Silao, Guanajuato

The voting was supervised by the Government, the International Labor Organization (ILO), as well as by the National Electoral Institute. The vote of the workers of the General Motors plant in Silao, where a More...

By sanmigueltimes On Monday, August 16th, 2021

Union controversy far from ending in Silao’s GM plant

The CTM suggested postponing the union vote that this week will take place at the General Motors plant in Silao, Guanajuato. The Confederación de Trabajadores de México (CTM) and the Miguel Trujillo López More...

By sanmigueltimes On Thursday, August 12th, 2021

Ex-Mexican President Fox opens its first marijuana product store in León

The store will be located in Plaza Palmas on Paseo del Moral avenue The former president of Mexico, Vicente Fox Quesada, presented his first marijuana-derived products store in More...

By sanmigueltimes On Wednesday, July 28th, 2021

Only 20% of the total Airbnb businesses in SMA pay lodging tax

Guanajuato.- Around 300 Airbnb service providers, representing 20% ​​of the more than 1,500 that are in San Miguel de Allende, have paid the municipality the 10,000 pesos per year to be able to operate and More...

By sanmigueltimes On Tuesday, July 6th, 2021

The White House Considers Crypto as Adoption Goes Mainstream

President Biden has implemented new tax reporting regulations on crypto holders, and the reasons behind the proposal have got people asking questions.It’s not unheard of for governments to begin building regulations More...

By sanmigueltimes On Thursday, July 1st, 2021

French company Le Bélier arrives in San Miguel de Allende

San Miguel de Allende.- Le Bélier company arrives in San Miguel de Allende. This French firm is a global corporation specializing in the manufacture of precision components molded in aluminum for the automotive More...