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03.07.25 - 17:48
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Trump pressure pushes BYD out of Mexico (IntelliNews)
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China's electric vehicle (EV) giant BYD has shelved plans to build a major manufacturing plant in Mexico, citing geopolitical volatility and the current trade stance of the United States under President Donald Trump....
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03.07.25 - 16:48
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Cartel Money Crackdown Has Mexican Banks Reeling From Sanctions (Bloomberg)
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Top bank executives gathered at a luxury resort off Mexico's Pacific coast encountered an unexpected guest at an annual convention in May. A high-level official with the US Treasury Department had flown down to the soiree — where rooms ran as much as $900 a night — to deliver a firm warning....
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02.07.25 - 15:06
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Terra CO2 Announces Additional Series B Funding to Scale Sustainable Cement Production (Business Wire)
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Investment will facilitate the rapid build out of commercial facilities across North America and Europe for Terra's leading SCM solutionsGOLDEN, Colo.--(BUSINESS WIRE)--Terra CO2 (Terra), a leading US-based low-carbon building materials company, today announced their series B funding, securing US$124.5M in new equity capital. In addition to the Series B co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, the round included major investment from Barclays Climate Ventures. Additional strategic investors to join the round include Prologis, the global logistics leader, Cemex, an international leader in construction materials, and Siemens Financial Services, the financing arm of global technology company Siemens. In addition to the equity raise, Silicon Valley Bank, a division of First Citizens Bank, and Stifel Bank co-led the provision of a credit facility furnishing Terra additional financial flexibility.
As government funding and subsidies for climate initiatives decrease in ...
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02.07.25 - 04:06
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New Mexico Is The Most-Dependent State On The Federal Govt, New Jersey The Least (ZeroHedge)
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New Mexico Is The Most-Dependent State On The Federal Govt, New Jersey The Least
How reliant is your state on Uncle Sam's wallet?
Every year, billions in federal tax dollars are redistributed to the 50 states and the District of Columbia through grants, contracts, and benefit programs.
Visual Capitalist's Pallavi Rao ranks the states to see who benefits the most from the flows so readers can see the fiscal winners and losers at a glance.
Data for this visualization comes from MoneyGeek, which uses Census Bureau and Bureau of Economic Analysis figures.
Their dependency score blends two metrics: the state's return‐on‐taxes ratio and the share of state revenues coming from federal sources.
ℹ️ Return on taxes measures how much state residents—including businesses—receive in federal payments for every $1 paid in tax to the federal government.
Importantly, this data does not include Medicaid payments.
Finally, a state's political affiliation is based on its voting history in t...
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01.07.25 - 23:27
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FEMSA completes divestiture of certain of its logistics operations to TRAXIÓN (GlobeNewswire EN)
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MONTERREY, Mexico, July 01, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today the closing of its divestiture, previously disclosed on October 10, 2024, of certain of its logistics operations doing business as Solistica, to Grupo Traxión, S.A.B. de C.V. (BMV: TRAXIONA), a leading transportation and logistics company based in Mexico. The transaction includes FEMSA's transportation management operations in Mexico, as well as its contract logistics operations in Mexico, Colombia and Brazil. The transaction does not include FEMSA's LTL (less-than-truckload) operations in Brazil....
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