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Associated Press
4 days ago
- Business
- Associated Press
Electronics Home Mexico 2025: New tech tradeshow launches for LATAM
Electronics Home Mexico 2025: New tech tradeshow launches for LATAM MEXICO CITY, MEXICO, June 19, 2025 / / -- The first edition of Electronics Home Mexico 2025, a new technology tradeshow, is underway, bringing together the main players in the consumer electronics and household goods industry in Latin America. Carlos Clur, chief executive officer and founder of Grupo Eletrolar, which produces the show, cut the opening ribbon to kick off the show. 'Electronics Home Mexico, more than a trade show, is a space where real opportunities are generated for Mexican companies to grow and integrate into regional and international supply chains,' said Clur. With the participation of companies from Mexico, Brazil, Colombia, Chile, Argentina and other countries in the region, the three-day fair runs 17-19 June, working to help exhibitors forge key alliances for the future of the industry. Electronics Home Mexico not only marks a new chapter for the sector, but also an invitation for local companies to connect with an expanding regional network, ready to transform the way smart technologies are produced, distributed and consumed. Opening day featured a panel of experts on how technology is redefining trade in times of tariffs. The panel, with experts from NielsenIQ, Truth Finder and Zyphoria, was the kick-off to several live demonstrations, seminars and lectures given by experts for attendees to learn about the latest trends and acquire new knowledge to boost their businesses. Find out more about the remaining program of activities in this link. If you want to know more about the contents for the press, how to empower Mexican SMEs to face the current challenges or why Mexico can be the new technology and distribution hub in Latin America with the arrival of Electronics Home Mexico, click here. More than 300 exhibitors, 5,000 products and 1,0000 brands are expected. Participating companies include Taurus, Ufesa, ZAGG, Hohem, Kodak, RCA, Acteck, Sennheiser, Ugreen and Westinghouse, to name a few. About Grupo Eletrolar: Grupo Eletrolar, is a company with 25 years of experience in promoting communication and business in the consumer electronics, home appliances, mobile devices, housewares and information technology industry in Brazil, Argentina and now Mexico. With a strong commitment to connecting market players, in 2025 it will expand its operations in the region with the launch of Electronics Home Mexico, a multi-sector trade show dedicated to appliances, electronics, technology, IoT, automation, lighting, home and furniture. This expansion reinforces its mission to internationalize the Latin American market and strengthen exports, promoting integration similar to that of the European market. Contact details For additional or specific information about the event contact Fabián Rodríguez [email protected] ShowStoppers, distributes this release on behalf of Grupo Eletrolar, a ShowStoppers partner. ShowStoppers contact Steven Leon [email protected] Steve Leon ShowStoppers +1 310-936-8530 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
CNA
10-06-2025
- Business
- CNA
Google in Mexico faces major potential fine as antitrust ruling nears
MEXICO CITY :Mexico's antitrust watchdog is set to rule by next week on whether Google built an illegal monopoly in digital advertising in the country, a decision that could fine the tech giant 8 per cent of its annual Mexican revenue, public documents show. Although Google does not release detailed revenue results by country, the potential fine could be among the largest ever imposed by Mexico's Federal Economic Competition Commission (Cofece). Cofece and Google declined to comment. The watchdog expects to make a decision by June 17, according to its own published timeline. Under Mexican law, 8 per cent of annual revenue is the maximum fine for monopolistic practices. Cofece accuses the company of establishing an effective monopoly in the Mexican digital advertising market. It began its investigation into Google Mexico in 2020 and issued a summons in 2023, beginning the trial phase of the procedure. Google then had the opportunity to present evidence against the allegations. A company can apply for an injunction blocking the antitrust ruling until a specialized court decides on whether it should be ratified or not. Cofece requested Google's financial information from tax authority SAT, a timeline of updates on the case's record of history showed. While Google parent Alphabet does not include specific revenue numbers for Mexico in its earnings reports, the U.S. tech giant is the largest company to be challenged by Mexico's antitrust regulator. According to annual results for 2024, the company's revenue for its "other Americas" region, which includes Latin America, was about $20.4 billion. In 2022, Cofece fined a group of liquefied petroleum gas distributors 2.4 billion Mexican pesos ($126.03 million) for price fixing. Cofece's database shows that an oral hearing with Google about the case, considered one of the final steps in such cases, took place on May 20. In 2020, in response to anticompetitive investigations into Google, Lina Ornelas, Director of Public Policy and Government Relations at Google Mexico, said at a company event, "Being big isn't bad. What matters is that you don't take out any competitors with your products, even though yours can be very efficient, and that's why you have more users." Separately, Mexican President Claudia Sheinbaum has clashed with Google, filing a suit against the company over its decision to change the name of the Gulf of Mexico to the "Gulf of America" for U.S. users of Google Maps, after President Donald Trump renamed the body of water. The suit argues Google does not have the "authority" to rename it. Lawmakers from the ruling Morena party have since last year called on Cofece to resolve Google's long-standing case. If Cofece rules against Google, the move would mirror the tech titan's legal woes in the United States, where a U.S. district judge last year ruled it holds an unlawful monopoly in online search and related advertising. The U.S. Justice Department and a coalition of states want Google to share search data and cease multibillion-dollar payments to Apple and other smartphone makers to be the default search engine on new devices. Antitrust enforcers are concerned about how Google's search monopoly gives it an advantage. In a separate case, a federal judge said Google illegally dominated two markets for online advertising technology, with the Justice Department saying that Google should sell off at least its Google Ad Manager, which includes the company's publisher ad server and its ad exchange. ($1 = 19.0435 Mexican pesos)
Reuters
10-06-2025
- Business
- Reuters
Google in Mexico faces major potential fine as antitrust ruling nears
MEXICO CITY, June 10 (Reuters) - Mexico's antitrust watchdog is set to rule by next week on whether Google built an illegal monopoly in digital advertising in the country, a decision that could fine the tech giant 8% of its annual Mexican revenue, public documents show. Although Google does not release detailed revenue results by country, the potential fine could be among the largest ever imposed by Mexico's Federal Economic Competition Commission (Cofece). Cofece and Google declined to comment. The watchdog expects to make a decision by June 17, according to its own published timeline. Under Mexican law, 8% of annual revenue is the maximum fine for monopolistic practices. Cofece accuses the company of establishing an effective monopoly in the Mexican digital advertising market. It began its investigation into Google Mexico in 2020 and issued a summons in 2023, beginning the trial phase of the procedure. Google then had the opportunity to present evidence against the allegations. A company can apply for an injunction blocking the antitrust ruling until a specialized court decides on whether it should be ratified or not. Cofece requested Google's financial information from tax authority SAT, a timeline of updates on the case's record of history showed. While Google parent Alphabet (GOOGL.O), opens new tab does not include specific revenue numbers for Mexico in its earnings reports, the U.S. tech giant is the largest company to be challenged by Mexico's antitrust regulator. According to annual results for 2024, the company's revenue for its "other Americas" region, which includes Latin America, was about $20.4 billion. In 2022, Cofece fined a group of liquefied petroleum gas distributors 2.4 billion Mexican pesos ($126.03 million) for price fixing. Cofece's database shows that an oral hearing with Google about the case, considered one of the final steps in such cases, took place on May 20. In 2020, in response to anticompetitive investigations into Google, Lina Ornelas, Director of Public Policy and Government Relations at Google Mexico, said at a company event, "Being big isn't bad. What matters is that you don't take out any competitors with your products, even though yours can be very efficient, and that's why you have more users." Separately, Mexican President Claudia Sheinbaum has clashed with Google, filing a suit against the company over its decision to change the name of the Gulf of Mexico to the "Gulf of America" for U.S. users of Google Maps, after President Donald Trump renamed the body of water. The suit argues Google does not have the "authority" to rename it. Lawmakers from the ruling Morena party have since last year called on Cofece to resolve Google's long-standing case. If Cofece rules against Google, the move would mirror the tech titan's legal woes in the United States, where a U.S. district judge last year ruled it holds an unlawful monopoly in online search and related advertising. The U.S. Justice Department and a coalition of states want Google to share search data and cease multibillion-dollar payments to Apple and other smartphone makers to be the default search engine on new devices. Antitrust enforcers are concerned about how Google's search monopoly gives it an advantage. In a separate case, a federal judge said Google illegally dominated two markets for online advertising technology, with the Justice Department saying that Google should sell off at least its Google Ad Manager, which includes the company's publisher ad server and its ad exchange. ($1 = 19.0435 Mexican pesos)
Travel Daily News
10-06-2025
- Business
- Travel Daily News
AI and virtual influencers: Tourism enters a new era
Tourism contributes 10% to EU GDP. DES2025 in Malaga will showcase how AI and tech enhance operations, personalization, sustainability, and data security in tourism. MADRID – According to WTTC data, tourism represents 10% of the European Union's GDP, contributing 1.5 billion euros a year to its economy and employing around 23 million people. These figures highlight the importance of the industry in the social development and growth of the EU territory, being one of the main drivers of its progress. However, in order to maintain its leadership and respond to new consumer demands, the sector is embracing the digital revolution with which it is creating more personalized experiences, improving management, increasing the well-being of teams and stimulating the quality of destinations. In this sense, DES – Digital Enterprise Show 2025, the reference event in Europe on exponential technologies to be held from June 10 to 12 in Malaga, Spain, will present the latest innovations like AI, that are transforming the field of travel and that allow automating processes, raising the quality of services, forecasting demand or increasing energy efficiency, among other possibilities. Mateo Ramón Sastre, Chief Technology & Transformation at Grupo Piñero, and Luis Miguel Martín, CIO at Sercotel Hotel Group, will discuss the capabilities of these technological tools. Both leaders will share real cases of how they have incorporated intelligent solutions that have allowed them to optimize operations and improve travelers' experiences in their respective accommodations. Along the same lines, Marc Planas, CIO at Catalonia Hotels & Resorts; Lucía Martínez, CIO at AR Hotels and Resorts; Joaquín Janer, CEO at BlueBay Hotels & Resorts Group; and Diego Rodríguez, Business Leader Automation & AI at IBM, will share the digital trends, such as AI or chatbots, that are redrawing the way in which customers are being attracted and retained. In turn, Lukas Schack, Principal Machine Learning Engineer at TUI; Isabel Járrega, Director of Customer Experience and Business Transformation at Toyota; Nanes Martínez, Director at the Association for the Development of Customer Experience; and Federico López, Head of AI at VoiceMOD, a company that has developed a real-time voice modulator using artificial intelligence, will analyze the opportunities arising from AI in the way brands interact with their consumers. Similarly, this issue will be addressed by Enrique Ruiz, Global CMO at Turespaña, who will also explore sustainable technological practices, the rise of immersive experiences with Virtual and Augmented Reality, the emergence of digital influencers or the metaverse as new promotional channels. Ruiz will also unveil the potential of innovation to reinforce the image of destinations. Ethics and safety The rapid advent and democratization of artificial intelligence in tourism has brought with it new ethical challenges. Therefore, DES2025 will look at the balance that TUI and Beko Europe are making to incorporate AI, among other exponential technologies, without compromising data security and ensuring social responsibility. In parallel, leaders from the same company providing tourism services, Westcon Iberia, Coca-Cola Europacific Partners and the Observatory of Military Life of the Congress of Deputies will discuss the relevance of cybersecurity solutions today to preserve the protection of sensitive information in the face of cyber offensives led by AI or quantum computing. The tourism industry at the Retail Tech Fest This new edition of DES2025 will host the Retail Tech Fest, the space dedicated to the retail and ecommerce ecosystem. In it, executives from well-known brands in the industry will discuss AI and technological innovation to build a more resilient, efficient and competitive environment. César Tello, CEO at Adigital; and Ricardo Fernández, CEO at Destinia, will present the keys to build a tourism model better prepared for the future, taking into account the saturation of destinations, the environmental impact and the need to personalize experiences. Likewise, Cristina Cartes, Public Policy Manager at Amazon, and Lucía Martínez, CIO at AR Hotels and Resorts, will explore strategies to combine service automation without losing human authenticity in a world of increasingly intelligent customer interaction.
South China Morning Post
03-06-2025
- Business
- South China Morning Post
A tale of two cities: why China appears so different when viewed from Barcelona and Prague
In a gleaming white technology campus half an hour's drive north of Barcelona, Josep Maria Gomes wants to turbocharge an already thriving partnership between Spain and China. Advertisement His job at TecnoCampus, a hybrid facility housing a university and business and technology park in the city of Mataro, is to connect local start-ups with cutting edge tech innovations. More and more these days, he sees these coming from China. 'In sectors like cybersecurity, Internet of Things, sensory robotics and artificial intelligence, they are much more developed than us,' says Gomes, who in a previous role for the Barcelona Chamber of Commerce tried to lure Chinese investments into sectors including AI and electric vehicles. In recent months, organisations such as these have ridden the crest of a wave, as Spanish Prime Minister Pedro Sanchez raced to establish himself as Europe's 'anti-Trump'. As some European leaders dally over climate commitments, Sanchez has doubled down on the green energy and push for cleantech that helped Spain become the EU's fastest-growing economy last year. Advertisement Amid a widespread backlash against immigration, the Spanish government has made clear that it needs new arrivals to power growth and enrich its society. And with President Donald Trump doing much to burn the transatlantic relationship, Sanchez has wasted little time in pivoting to China as an alternative, publicly pushing for a new EU approach.
