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Business News

Chinese firm investment in the Mexican state of Nuevo León to build natural gas-powered buses
A Chinese bus manufacturer will invest US $326 million in an assembly plant in Nuevo León that will produce buses that burn natural gas. Mexican bus company Golden Star 4000 partnered with Zhongtong Bus Holding Co. Ltd. to build the factory in the municipality of El Carmen. The plant’s capacity will be 4,800 vehicles a year. Golden Star 4000 already has 17 of the eco-friendly buses — that were assembled in China — operating on routes in Mexico. Nuevo León Governor Jaime Rodríguez Calderón said Mexican-built buses have already been contracted for an express route to connect Monterrey to García, some 40 kilometers to the west. The route is expected to begin operating on November 15th, and will connect with Monterrey’s Ecovía rapid transit system. He said the municipality plans to create other routes for the buses the plant will produce, connecting with Juárez and Cadereyta. The buses are equipped with high-tech amenities such as interior and exterior cameras, air conditioning and wireless internet.   Source:https://www.eleconomista.com.mx/
Information Service
China investment, in search of Mexican companies
The Chinese business accelerator Tojoy announced its arrival in Mexico and plans to find, in a first phase, between 30 and 40 Mexican business projects to offer support, financing and development opportunities to take them to China. "We are looking for very successful Mexican companies to help them standardize their business and grow their business model and bring them to China, use the resources of Chinese entrepreneurs to help them grow their business. In one year, we will be talking about a large group of companies in Mexico and China that will make a good connection, we expect between 30 and 40 projects or deals that we can start," said Jun GE, ToJoy's Global CEO, in an interview with El Heraldo de Mexico. The company can directly exercise a capital injection in those projects it considers profitable, or also helps them find potential investors in China, as it has a network of 700,000 entrepreneurs or decision makers willing to exercise capital in these projects. He said they are interested in the high-tech industry, e-commerce, any business based on the Internet and traditional sectors such as food, restaurant, arts and crafts, "also in the projects of large department store chains in Mexico, to expand their projects to China," he said.   Source:https://heraldodemexico.com.mx/
Franchise Industry
‘Amazon Web Services’ plan to open branch
The US Amazon.com for electronic trade has expressed its interest in the Kuwaiti market, including the Amazon Web Services (AWS), which is specialized in cloud computing services. Amazon Web Services has informed the Investment Promotion Agency about its desire to open a branch in Kuwait, and asked for a copy of commercial and regulatory laws about this activity, and procedures for the issuance of commercial licenses and necessary work permits, and decisions regulating the proportion of national labor. AWS provides a fast content delivery network that securely delivers data, videos, applications, and application programming interfaces (APIs) to enterprise customers around the world, with less latency and faster transfer speeds, in a developer friendly environment. The entry of a company such as AWS in the local market comes within the response of major international companies to encourage direct investment towards attracting prestigious foreign companies to operate in Kuwait, especially after the marked improvement in the simplification of government procedures associated with improving the business environment. The presence of activity of these international companies contribute to enhance the performance of the economic cycle in Kuwait, and increase investment flows, whether foreign or domestic, which contributes to the achievement of sustainable growth and economic diversification and development goals of the State.   Source : http://www.arabtimesonline.com
Amazon Lowers Grocery Delivery Cost In Effort to Catch Walmart
Amazon.com Inc. is lowering the cost of its grocery delivery service Amazon Fresh, the company’s latest effort to get more people to buy fruits, veggies, milk and meats online rather than going to the store. Amazon is also expanding fast delivery of online grocery orders around the country. Amazon Fresh, available in 22 metropolitan markets, will be included in the standard Prime membership, which includes shipping discounts and video streaming, the Seattle company announced Tuesday. Previously, Prime members had to pay an additional $15 monthly for Amazon Fresh grocery delivery. The e-commerce giant hopes to win business from grocery leader Walmart Inc. by lowering prices and offering delivery in as little as one hour. Walmart last month announced it was expanding $98 annual grocery delivery service to 1,400 stores, undercutting Amazon Prime’s $119 annual fee. Walmart and Target Corp. are both investing in delivery options as well as in-store pickup of online orders, all geared toward time-strapped customers looking to simplify their errands. Walmart is experimenting with a service in Pittsburgh and a few other cities to have delivery people enter customers’ homes and put perishables in the refrigerator. Amazon Fresh launched in Seattle in 2007 as the company’s first foray into fresh-food delivery. The service languished for years and in 2017 Amazon paid $13.7 billion for Whole Foods Market in its biggest-ever acquisition and an acknowledgment that it needed physical stores to be a serious contender in the $840 billion grocery market. Walmart and its Sam’s Club capture 25% of all grocery spending in the U.S., according to Morgan Stanley, compared with 2% for Amazon and Whole Foods. Walmart has more than 4,500 U.S. stores, about 10 times the number of Whole Foods locations. Amazon is hoping quick delivery will help it stand out in the grocery wars. Beginning this week, it’s offering free two-hour delivery on orders exceeding $35 from Whole Foods stores in 90 metropolitan markets, and in one hour for an additional fee. Bloomberg reported last month that Amazon was experimenting with fast delivery from Whole Foods in cities like Denver and Portland from its main website without requiring shoppers to download a separate app, which limited its use. Amazon is also recommending for purchase online items its customers purchased in Whole Foods stores.   Source : https://www.bloomberg.com/
Medical Service
UNICEF: 1/3 of the Bulgarian Children - Overweight
The healthy eating subject brought children and chefs together in the kitchen. The event takes place against the backdrop of alarming statistics, in which Bulgaria ranks first in the number of overweight children. According to a UNICEF survey, their numbers have increased by 120% since the 1990s. The initiative aims to pay attention to what foods are consumed by children and what foods are good to be included in their menu. "Family upbringing is one of the most important things. The first seven years are crucial for our children to be healthy. We have been working on the topic of healthy eating for the fourth year. However, for the first time, we also included children in kindergartens, because it is important for them to be provoked to try products such as parsley, lemon etc. from a very young age. "The fewer things are written on the packaging, the better," added Chef Angelov. Bulgaria ranks among the countries where overweight children have grown most rapidly and is ranked on the sixth place in this indicator, according to a large UNICEF survey. Experts from the United Nations Children's Fund examined the health status and nutritional quality of children in 41 countries around the world. They found that in eight of them, the number of obese people aged between 5 and 19 has doubled in the last 26 years. Turkey, Hungary, Croatia, Slovenia, Poland, and Slovakia have a similar problem as adolescents. Most dramatic, however, is the situation in neighbouring Romania, where the number of children with problematic weight has jumped by 170 percent. According to UNICEF, around 200 million children worldwide are unhealthy. This means that at least one in three children under the age of 5 is malnourished or overweight. Almost two in every three babies between 6 months and 2 years do not eat things that support optimal growth and development of the brain and body, and this usually leads to learning difficulties, decreased immunity, increased susceptibility to infections and sometimes death.   Source:https://www.novinite.com/articles/201096/UNICEF%3A+1+3+of+the+Bulgarian+Children+-+Overweight