Physical investment in Mexico reaches its best April in almost four years

Physical investment grows 4% in April, its best level since November 2020.

Physical investment in Mexico registers its best April in almost four years

Physical investment in Mexico grew 4% in April compared to March, its highest performance since November 2020, when it reported an increase of 6.1%. The data, released by INEGI, marks the second consecutive increase in the indicator, discounting inflation and seasonality.

The rebound was led by investment in residential construction, which increased 12.4%. In contrast, spending on non-residential works barely grew 0.1%, while investment in machinery and equipment rose 2%.

“Growth responds to a combination of factors such as housing construction, private projects and the import of machinery,” explained Humberto Calzada, chief economist for Rankia Latin America.

Calzada added that works related to mobility, airports, stadiums and urban adaptations in cities hosting the World Cup also had an influence.

RelatedFixed investment in Mexico registers its worst fall in five years

The result consolidates investment as a driver of future economic growth, according to the institute.

China tests ballistic missile from nuclear submarine in South Pacific

Chinese missile launch in the South Pacific provokes reactions from Australia and Japan.

Military test in the Pacific

This Monday, China launched a long-range ballistic missile from a nuclear-powered submarine in the South Pacific Ocean. According to the state agency Xinhua, the projectile carried a dummy warhead and was part of the annual training of the People’s Liberation Army. The Chinese government assured that the test complied with international law and was not directed against any country.

Regional reactions

Australia called the move a destabilizing action. Japan expressed concern about the increase in Chinese military power and demanded greater transparency. New Zealand joined the protests against Beijing’s increased activity in the area.

The test comes against a backdrop of growing tension in the Indo-Pacific region, where China has stepped up its military exercises in recent years.

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Iranians fire Ayatollah Khamenei amid anti-Trump slogans

Massive farewell to the Iranian supreme leader amidst slogans against Washington and Tel Aviv.

Funeral of Ayatollah Khamenei in Tehran

Thousands of people thronged the streets of the Iranian capital on Monday for the funeral of Supreme Leader Ali Khamenei. The procession combined displays of mourning with slogans against the United States and Israel.

The coffin, covered with the Iranian flag, was carried next to the coffins of relatives who died in the bombing of February 28, an attack attributed to Israel and the United States that triggered the most recent war. Images from state television showed a crowd that stretched for kilometers, even larger than that recorded in 2020 for the funeral of General Qassem Soleimani.

During the tour, mourners dressed in black attempted to touch the coffin or pass handkerchiefs over it as a symbol of blessing. Others carried signs with messages against US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. Slogans were heard condemning both leaders.

The authorities deployed an extensive security operation. They closed streets and suspended public activities during official mourning. Khamenei’s burial will take place in the holy city of Mashhad.

Expressions of retaliation dominated the day. Several attendees affirmed that the loss of the supreme leader will not go unanswered and reiterated their rejection of the United States and Israel. Washington remains vigilant about possible Iranian reactions against Trump and other former officials, stemming from the 2020 order that eliminated Soleimani. However, Tehran has officially denied being involved in plans to attack the US president.

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Swiss president arrives in Mexico to strengthen cooperation

The Swiss president begins an official visit to strengthen economic and diplomatic ties with Mexico.

Official visit of Guy Parmelin to Mexico

The president of the Swiss Confederation, Guy Parmelin, arrived in Mexico this Monday for an official visit. He will meet with President Claudia Sheinbaum on Wednesday at the National Palace. The objective is to strengthen the bilateral relationship.

Parmelin, also Minister of Economy, was received by Roberto Velasco, head of the SRE. The Foreign Ministry highlighted that the visit seeks to deepen economic and commercial ties.

The meeting will address issues of cooperation and economic development. Both countries recently celebrated 80 years of diplomatic relations, based on trust and dialogue.

The visit occurs in a context of strengthening commercial exchanges. The aim is to expand collaboration opportunities in strategic sectors.

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