MoneyGram, one of the world’s leading money transfer companies, reported a cybersecurity incident that could disrupt its remittance services to Mexico, a key market for the company. In an official statement, MoneyGram said it “recently identified a cybersecurity issue affecting some of our systems” and took immediate steps to protect its infrastructure.
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Why Puerto Vallarta is no longer the paradise I moved to 20 years ago OPINION – PUERTO VALLARTA, MEXICO – For over 15 years, I called Puerto Vallarta home. It was a place that captured my heart with its unique charm, combining the natural beauty of the Pacific coast with Mexico’s vibrant culture. When I first arrived, Puerto Vallarta was a laid-back beach resort where time seemed to slow down…US Cuts Interest Rates by 0.5%: What it Means for the Mexican Peso and Expats Living in Mexico PUERTO VALLARTA, MEXICO – In a widely expected move, the US Federal Reserve Board announced today that it would cut interest rates by 0.5%, marking a major shift in monetary policy aimed at stimulating economic activity amid concerns about slowing growth. The immediate impact of this decision has been felt across financial markets and…Are Americans developing a distaste for Mexico? The truth behind Mexico’s tourism decline The Center for Advanced Studies on Sustainable Tourism (STARC) at Anahuac University in Cancun expressed concern that Mexico’s tourism industry will face tough times as 2024 approaches. The center predicts a decline in the number of available airplane seats and a reduction in the number of international and domestic flights, which will especially affect the country’s top beach resorts, such as Cancun, Los Cabos and Puerto Vallarta. The dark side of Puerto Vallarta’s tourism boom: 650 tons of garbage left on the streets Puerto Vallarta, Jalisco – Over the weekend, Puerto Vallarta’s ongoing garbage collection crisis worsened, with dozens of neighborhoods reporting no collection service at all. Residents of areas such as Volcanes, Ecoterra, Univa, Palmar de Aramara, Ixtapa and Las Juntas say garbage trucks have not passed by since 1999. The Mexican peso has made a surprise comeback. Let’s take a look at what’s behind the 4.73% gain. PUERTO VALLARTA, Mexico – The Mexican peso edged up against the U.S. dollar on Tuesday, closing at 19.1399 pesos to the dollar, up 0.39% or 7.43 cents from last Friday’s close. Data released by the Bank of Mexico (Banxico) highlights the currency’s steady rise… Mexican peso falls for third straight day amid global dollar strength and market volatility PUERTO VALLARTA, Mexico – The Mexican peso fell for a third straight day on Friday, reacting to a stronger U.S. dollar after the Bank of Japan kept interest rates unchanged and offered an optimistic outlook for the economy. The peso traded at 19.3391 pesos per U.S. dollar, down 0.20%…American retiree who moved to Puerto Vallarta from Texas describes mixed experience PUERTO VALLARTA, Mexico – Mexico continues to see an influx of U.S. migrants as more Americans move south in search of new experiences, a more relaxed lifestyle or, in some cases, a way to put their retirement savings to good use. Geary Bartmess, a former lawyer who lived in Texas for 35 years, said…The truth about Cancun’s declining popularity among Mexicans and why they’re flocking to Puerto Vallarta In a surprising shift, domestic tourists are starting to move away from traditional hotspots like Cancun, Playa del Carmen and Tulum. According to a recent travel consultant report from Mex-Travel and Go-Vacation!, these famous beach destinations will be less popular in the 2024 summer season, with Nuevo Vallarta, Puerto Vallarta, and… Tropical Storm John is expected to strengthen and become a hurricane that will impact Mexico Puerto Vallarta, Mexico – Tropical Storm John, which formed over the weekend as Tropical Depression Ten-E, formed in the Pacific Ocean early Monday morning, September 23. The National Weather Service (SMN) confirmed that the storm could strengthen into a hurricane by Monday afternoon, affecting southern and southeastern Mexico.… Mexican Peso Falls as Federal Reserve Cuts Interest Rates The Mexican peso opened slightly lower on Thursday, triggering changes in global financial markets, following the US Federal Reserve’s decision to cut interest rates. As of September 19, 2024, the U.S. dollar exchange rate stands at 19.30 pesos per dollar as investors continue to react to the Federal Reserve’s monetary easing measures.
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