47. Binance’s Mexico Bet, Duncan Wood on USMCA Hearings, Bimbo at 80, and the 40-Hour Week Ahead
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MexMoves interviews Salvador Rivero, the new Country Head of Binance Mexico, who lays out what the world’s largest crypto exchange plans to do in the country. We also speak with US-Mexico policy expert Duncan Wood for his take on the USMCA hearings in Washington — what’s at stake and what 2026 US trade outcomes are realistic for Mexico. To kick off Eduardo and Damian as always dig into the main corporate and economic stories of the week. Grupo Bimbo turns 80 and opens its new museum in Mexico City, which leads us to a broader question: why has Mexico produced so few large new companies in recent decades? Many of today’s corporate giants trace their origins to the Porfiriato or the WWII industrial boom — and unlike in USA, Brazil, Argentina, not many newer firms have joined their ranks. Finally, we look at the 13% minimum-wage increase for 2026 and the government’s plan to cut the workweek from 48 to 40 hours by 2030. Great news for workers with formal jobs — but with informality already above 50%, critics warn that steep wage hikes and shorter hours could unintentionally curb formal hiring and push more firms into the gray economy.
47 episodes