Via East Asia Forum, an article on China expanded economic reach into Central and South America: In early March 2023, General Laura Richardson, head of the United States Southern Command, told a US congressional hearing that Chinese actions in South America posed a threat to US safety. According to General Richardson, China is on a […]
Read more »Via France24, a report on Cuba’s surprise lifting of its ban on US dollar deposits in banks, reversing a policy which had been in place since June 2021: Cuba’s government on Monday announced a surprise lifting of its ban on US dollar deposits in banks, reversing a policy which had been in place across the […]
Read more »Via World Politics Review, a look at Cuba’s current economic crisis: Cuba is suffering. That was the inescapable conclusion from a recent trip to the island. The aged electrical grid is collapsing for lack of maintenance and spare parts, causing sporadic blackouts across the island. Factories bereft of raw materials and electricity are only operating […]
Read more »Via Eurasia Review, commentary on Cuba’s black markets and economic condition: Black Markets have always been regarded as networks where buyers and sellers transact goods and services notorious for being morally wrong. Things like hard drugs, illegal prostitution, or guns that are not registered are among the many elements people cite when someone introduces the […]
Read more »Via Reuters, an article on Cuba’s efforts to seek help to end its economic crisis: China, Russia, Algeria and Turkey have pledged to restructure Cuba’s debt, provide new trade and investment financing, and help ease an energy crisis, Cuban President Miguel Diaz-Canel told state-run media following a rare trip abroad last week. Any help would be […]
Read more »Via Reuters, a report on new Chinese support to Cuba: China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to […]
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