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News Article

US Government to Invest in Research Projects in Mexico

By Alessa Flores | Thu, 09/17/2020 - 17:55

The US government will invest US$25,000 in research projects in Mexico and the US with support from various foundations that participate in higher education institutions, according to the US Embassy in Mexico and the Jenkins Foundation in a note from La Jornada. This project, known as the US-Mexico 2020 Innovation Fund Competition, aims to help economic and financial inclusion and agricultural sustainability to reduce inequality. All higher education institutions in Mexico and the US promoting academic exchange and training for students in the areas of public health, distance/virtual education, biochemistry, green/renewable energy, young people's economic empowerment, sustainable agriculture, sustainable construction, water, sanitation and hygiene (WASH) and science, technology, engineering and math are eligible to apply.

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Peugeot Mexico and the Ministry of Culture Launch Campaign to Support Urban Artists

Peugeot Urban Visions will be a campaign to promote and encourage the creative capacity of the country's urban artists through the General Directorate of Popular, Indigenous and Urban Cultures of the Ministry of Culture in collaboration with Peugeot Mexico. A note from La Jornada explains that participants should be inspired by the concept of the Peugeot car brand: 'Unboring the Future,' which refers to a bright, exciting and positive vision of the future, using elements of its new SUV model. The finalists will have the opportunity to have their work displayed on walls in Mexico City, Guadalajara and Monterrey. Likewise, the first place will be awarded a scholarship of MX$80,000 (US$3,800) and three scholarships of MX$40,000 (US$1,900) for the runner ups in the category Type A Walls. Four scholarships of MX$10,000 (US$480) will also be awarded to the runner ups in the category Walls Type B.
 

CAMEXA: 23.5 Percent of Mexican-Based German Companies Will Reduce Their Workforce

Around 23.5 percent of German companies operating in Mexico will reduce their workforce by between 10 and 30 percent as a result of the COVID-19 pandemic, explained the German-Mexican Chamber of Commerce (CAMEXA) in an article in El Economista. Similarly, CAMEXA stressed that 67 percent of its affiliated companies estimate not having to lay off staff by the end of the year, while only 10 percent plan to hire new staff. Some of CAMEXA's partners are A&C International Supply, Hartrodt Mexico, Abat Mexico, Abitat Constructora, Airbus, Air France KLM, Allianz Mexico, Audi Mexico, Banco Actinver, BMW Group Latinoamerica, Bosch Rexroth, CHG-Meridian, Cuatrecasas, Cuesta Campos y Asociados, EY Mexico and many more.

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Alessa Flores Alessa Flores Senior Journalist and Industry Analyst