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(MENAFN - AFP) Mexico will walk away from talks on revamping the North American Free Trade Agreement if US President Donald Trump slaps tariffs on Mexican-made goods, the economy minister says.

"The moment that they say, 'We're going to put a 20 percent tariff on cars,' I get up from the table," said Economy Minister Ildefonso Guajardo.

"Bye-bye," he added in an interview ...

 
(MENAFN - AFP) Mexico's state-run energy giant Pemex reported losses of $14.3 billion for 2016 on Monday, halving its losses from the previous year and saying "austerity" measures were starting to pay off.

Pemex, which has not posted a profit since 2012, has struggled through a period of low oil prices and sweeping energy reforms launched by President Enrique Pena Nieto.

The ...

 
(MENAFN - AFP) Uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation's economy, the International Monetary Fund said Monday.

The comments were a reference to the new sanctions the Trump administration imposed early this month on individuals and companies supporting Iran's ballistic missile program and ...

 
(MENAFN - AFP) YouTube on Monday said that a billion hours of video is being watched daily at the Google-owned online viewing venue in "big milestone" for the service.

"Let's put that in perspective," YouTube vice president of engineering Cristos Goodrow said in an online post announcing the achievement.

"If you were to sit and watch a billion hours of YouTube, it would ...

 
(MENAFN - AFP) US President Donald Trump's pick to serve as commerce secretary, Wilbur Ross, faces tough questions about his possible ties with Russian oligarchs through his position on the board of the Bank of Cyprus.

The Senate is expected to confirm Ross late Monday, and several Democratic senators have raised concerns about the 79-year-old billionaire who specializes ...

 
(MENAFN - AFP) President Donald Trump's tough new immigration measures are sending shudders through the US farming industry, which largely employs a low-wage foreign workforce.

Since taking office on a "America first" agenda, Trump has made immigration a policy cornerstone. Among other measures, he has broadened authorities' powers to detain and deport unauthorized immigrants.

In ...

 
(MENAFN - AFP) The number of mobile phone users globally will surpass five billion by the middle of this year, according to a study released Monday by GSMA, the association of mobile operators.

With populations in Asia, and notably India, on the rise, the number, which stood at 4.8 billion a year ago, should mushroom to 5.7 billion, or three quarters of the world's population, ...

 
(MENAFN - AFP) It's goodbye for now to the grand Art Deco lobby and celebrities crossing paths en route to "The Towers" at the Waldorf Astoria: one of the world's most luxurious hotels is closing for renovation.

The legendary establishment opened at its Park Avenue location in midtown Manhattan in 1931 with more than 1,400 rooms, the largest -- and tallest -- anywhere at ...

 
(MENAFN - AFP) Sri Lanka Monday vowed to honour government bonds of up to 1,780 billion rupees ($11.86 billion) even as the central bank admitted "procedural shortcomings" in state-issued securities.

Finance Minister Ravi Karunanayake hastily summoned reporters to announce that Sri Lanka will meet its domestic debt repayment commitments despite legal issues uncovered during ...

 
(MENAFN - AFP) New orders for US manufactured goods rose in January after two straight months of declines, bolstered by a large monthly swing in aircraft orders, the Commerce Department reported Monday.

Excluding the volatile transportation sector, however, the trend went in the opposite direction, with January seeing a decline of 0.2 percent rather than the expected increase. ...

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