Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

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11/21/19 – Reuters

By Julia Love

Spanish telecoms giant Telefonica has struck a deal to use some of U.S. rival AT&T’s infrastructure in Mexico, a move analysts said would better position both to compete with the market’s juggernaut, billionaire Carlos Slim’s America Movil.

Under the agreement announced on Thursday, Telefonica will use AT&T’s wireless ‘last-mile’ equipment – the final link of telecom networks that delivers service to consumers through towers, antennas and fiber-optic cables.

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Ransomware attack at Mexico’s Pemex halts work, threatens to cripple computers

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11/11/19 – Reuters

By Adriana Barrera

A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major company.

Hackers have increasingly targeted companies with malicious programs that can cripple systems overseeing everything from supply chains to payments to manufacturing, removing them only after receiving substantial payments.

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Uber to let passengers record rides in effort to curb crime in Latin America

Uber

11/06/19 – Reuters

By Marcelo Rochabrun

Uber (UBER.N) said on Wednesday that it will allow passengers and drivers to record audio of their trips in Brazil and Mexico using a new feature in the app, as the ride-hailing company copes with recurring safety concerns during its trips.

Uber has come under significant scrutiny over passenger safety in markets such as the United States and India but it has acknowledged particular problems in Latin America, where passengers and drivers have been robbed and assaulted and some even murdered.

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Mexican National Guard to Crack Down on Uber as Drug War Rages

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10/30/19 – Bloomberg

By Andrea Navarro

Mexico’s militarized police force, already grappling with a surge in drug violence and immigration, has a new mission: to stop people from hailing an Uber at airports.

The Mexican National Guard has been charged with conducting sting operations at the country’s 56 airports to make sure that only taxis with a federal permit are allowed to load passengers, according to a statement by the Ministry. The operation comes after the Ministry met with the nation’s taxi association, and will include government communications and transportation officials.

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Stripe Open For Business In Mexico

Mexico to Allocate $5 Million for Science and Technology

 

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Photo by Chokniti Khongchum on Pexels.com

10/09/19 – Nearshore Americas

By  Narayan Ammachchi

Mexico is planning to allocate over US$5 million for science and technology-related activities in its 2020 fiscal budget, as the government looks at technology to prop up the flagging economy.

The money is 6.5% more than what was allocated to the sector in 2019, according to the President of the Congressional Committee on Science and Technology, Marivel Solís Barrera, who announced the move on October 4.

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U.S. Using Trade Deals to Shield Tech Giants From Foreign Regulators

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Photo by Pixabay on Pexels.com

10/09/19 – The New York Times

By David McCabe and Ana Swanson

The Trump administration has begun inserting legal protections into recent trade agreements that shield online platforms like Facebook, Twitter and YouTube from lawsuits, a move that could help lock in America’s tech-friendly regulations around the world even as they are being newly questioned at home.

The protections, which stem from a 1990s law, have already been tucked into the administration’s two biggest trade deals — the United States-Mexico-Canada Agreement and a pact with Japan that President Trump signed on Monday. American negotiators have proposed including the language in other prospective deals, including with the European Union, Britain and members of the World Trade Organization.

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Airbnb Rentals Are Displacing Mexico City Residents as Rents Surge

 

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Photo by Ricky Esquivel on Pexels.com

October 2, 2019 – Truthout

By Tamara Pearson

In the neighborhood of Juárez, a vibrant artistic and historic area of Mexico City with LGBTQ bars and restaurants and a large Korean population, long-term renters are losing their homes as apartments are being converted into more profitable day-rate Airbnb rentals.

No studies have been conducted, but former residents say rental prices have more than doubled to prohibitive levels of 20,000 to 30,000 pesos per month. Before, 10,000 pesos (U.S. $520) was the norm, Dario Martínez told El Big Data after he had to leave his place in Juárez.

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In Mexico, 85 fintechs are seeking permission to operate

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Photo by Lorenzo on Pexels.com

09/27/19 – Reuters

By Stefanie Eschenbacher

Mexican banking regulator CNBV said on Thursday it received applications from 85 companies to formally operate in the country under its new fin-tech law as the government of President Andres Manuel Lopez Obrador pushes for more financial inclusion.

The government has been looking to both banks and fin-techs as it aims to reduce cash in circulation to cut down on money laundering and corruption, and to draw more people into the formal economy.

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Mexico in talks with digital platforms about taxes: minister

 

Uber09/09/19 – Reuters

By Stefanie Eschenbacher & Julia Love

Mexican Finance Minister Arturo Herrera said on Monday that his government is in talks with digital platforms about taxes, aiming to ensure that all corporations pay their share.

Mexico is exploring taxing purchases on Amazon, Uber and AirBnB and other digital platforms to boost the tax take and to help fill a multibillion-dollar revenue hole after changes in the way state oil company Pemex contributes to government coffers.

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