ALIBABA Group yesterday signed a memorandum of understanding with the Mexican government to help their small and medium-sized enterprises reach the world’s largest consumer market.
Alibaba will work closely with the Mexican Ministry of Economy to help their SMEs to expand into international markets Cheap Dustin Colquitt Jeysey , in particular China. China’s e-commerce giant will offer a tailored program for Mexican SMEs to benefit from the company’s B2B trading platform, Alibaba.
The signing demonstrates Alibaba’s interest in and commitment to facilitating the entry of Mexican SMEs into the large Chinese consumer market, observers said.
Alibaba will share best practices in the operation of its logistics and payment platforms to enable Mexican companies to bolster their cross-border e-commerce operations Cheap Eric Fisher Jeysey , as well as draw Chinese tourists to Mexico.
The company will offer specialized training on key areas including e-commerce, digital payments, logistics and analytics that drive consumer insight Cheap Allen Bailey Jeysey , product innovation and rural development in China.
NAIROBI, Sept. 15 (Xinhua) -- Kenya on Friday revised its 2017 economic growth forecast downwards to 5.5 percent due to prevailing political uncertainty caused by presidential polls rerun.
Cabinet Secretary in the National Treasury Henry Rotich told journalists in Nairobi that the prolonged electioneering period caused by nullification of the Aug. 8 presidential polls by the Supreme Court is negatively affecting the business climate.
"Investors are adopting a wait-and-see approach towards new projects and this has forced the government to revise downwards its economic growth forecast for 2017," Rotich said during the launch of the Sector Working Groups for the Preparation of the Financial Year 20182019 and the Medium Term Budget.
Kenya registered a 4.7 percent economic growth for the first quarter of 2017.
"This growth was also lower than expected and can be attributed to the drought that affected agricultural sector which is the mainstay of the economy Cheap Ron Parker Jeysey ," he said.
Rotich said that the government is waiting for growth figures for second quarter of 2017 in order to make an accurate forecast for the entire 2017 Gross Domestic Product growth.
The National Treasury is also planning to launch austerity measures in order to cut wasteful spending.
"The areas to be targeted will include non-essential spending such as foreign travel and hospitality," he added.
"The savings in public expenditure will be used to fund rerun of the presidential polls slated for Oct. 17 as well as drought mitigating efforts," he noted.
The Independent Electoral and Boundaries Commission has requested approximately 125 million U.S. dollars to conduct the fresh polls.
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WASHINGTON, July 31 (Xinhua) -- U.S. fixed mortgage rates fell slightly this week and remained near historically low levels Cheap Dee Ford Jeysey , mortgage buyer Freddie Mac said Thursday.
The 30-year fixed-rate mortgage (FRM) edged down slightly to 4. 12 percent in the week ending Thursday from 4.13 percent in the previous week, lower than 4.39 percent of the same period last year, the U.S. mortgage giant said in its Primary Mortgage Market Survey.
The 15-year FRM Cheap Albert Wilson Jeysey , a popular guide for those looking to refinance, dropped to 3.23 percent this week from 3.26 percent in the prior week, also lower than 3.43 percent of a year ago Cheap Mitchell Schwartz Jeysey , the survey showed.
"Mortgage rates were little changed this week," said Freddie Mac's chief economist Frank Nothaft in a statement. "Meanwhile, on Wednesday afternoon the yield on the 10-year Treasury surged as data showed gross domestic product for the second quarter at a 4.0 percent annualized rate Cheap Demetrius Harris Jeysey , above expectations."
The better-than-expected growth in the second quarter verified that U.S. economy was back on an upward trajectory after sharp contraction in the first three months of this year.
But the recovery in the housing sector remains slow in recent months. Analysts said the declining mortgage rates and improving job market may help bolster housing demand in the next few months.
PUL-E-KHUMRI， Afghanistan， March 3 (Xinhua) -- The government troops recaptured Tala-o-Barfak district in the northern Baghlan province on Friday after fierce fighting， a police official in the district said.
"We recaptured Tala-o-Barfak district today and Taliban rebels have run away，" Mohammad Hussain told Xinhua.
Taliban militants in a surprise move overrun the strategically important Tala-o-Barfak district on Wednesday.
Although the government officials have declined to comment on the situation in Tala-o-Barfak district， locals， media outlets and Taliban reported the fall of the mountainous district to the Taliban militants on Wednesday.
Hussian， who is fighting the Taliban insurgents in Tala-o-Barfak district， has claimed that the militants were in the run and the security forces had been chasing them.
Taliban， which is in control of parts of the northern Baghlan province， has yet to make comment on the situation in Tala-o-Barfak district.
SAN FRANCISCO， March 10 (Xinhua) -- The California Department of Motor Vehicles (DMV) released Friday proposed regulations to establish a path for testing and future deployment of fully self-driving vehicles.
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