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Cuba’s dictator Díaz-Canel Announces Sweeping “Economic Liberalization Reforms”
International

Cuba’s dictator Díaz-Canel Announces Sweeping “Economic Liberalization Reforms”

Havana (EFE) — Cuban President Miguel Díaz-Canel announced a sweeping package of economic reforms aimed at liberalization and decentralization, declaring that “these are times when change is necessary.” Speaking to Cuban media in remarks broadcast on state television, Díaz-Canel said the changes must respond to “the demands of the current moment” — a reference to […]

Caribbean Business Staff
Venezuela’s Oil Exports Hit Seven-Year High Under Trump’s Post-Maduro Plan
International

Venezuela’s Oil Exports Hit Seven-Year High Under Trump’s Post-Maduro Plan

Caracas, (EFE) — U.S. Chargé d’Affaires John Barrett said Monday that Venezuela’s oil exports have reached 1.25 million barrels per day (bpd) — their highest level in seven years — and credited the milestone to the three-phase plan being implemented by the Trump administration following the capture of Nicolás Maduro. “Venezuela’s oil exports have reached […]

Caribbean Business Staff
Putin jokes that Trump “educated” Zelensky on his manners and dressing like Rambo
International

Putin jokes that Trump “educated” Zelensky on his manners and dressing like Rambo

Moscow — Russian President Vladimir Putin thanked his U.S. counterpart Donald Trump on Friday for “educating” Ukrainian President Volodymyr Zelensky on his manners and wardrobe, drawing a pointed comparison to the action film character Rambo. “We all saw how Donald, before the eyes of the whole world, educated the author of the letter and called […]

Caribbean Business Staff
red convertible car parked on street during daytime
International

U.S. Grace Period Expires for Foreign Companies Doing Business in Cuba as Sanctions Pressure Mounts

Washington/Havana (EFE)— The United States ended its grace period Friday for foreign companies operating in Cuba, closing a window that had given businesses until June 5 to sever ties with the island or face penalties from Washington. The deadline marks the latest turn in an escalating pressure campaign against Havana. A day earlier, the Treasury […]

Caribbean Business Staff
China’s Manufacturing Activity Keeps Expanding in May, Beats Forecasts Despite Slowdown
International

China’s Manufacturing Activity Keeps Expanding in May, Beats Forecasts Despite Slowdown

Shanghai, China, (EFE) – China’s manufacturing activity continued expanding in May, beating expectations even as it slowed from the previous reading — which had been the strongest since 2021 — according to data released Monday by specialized consultancy RatingDog. The Purchasing Managers’ Index (PMI) — the sector’s benchmark indicator — compiled by the firm in partnership […]

Caribbean Business Staff
Iran Suspends U.S. Peace Talks, Threatens to Close Strait of Hormuz Over Israeli Attacks on Lebanon
Energy & Oil

Iran Suspends U.S. Peace Talks, Threatens to Close Strait of Hormuz Over Israeli Attacks on Lebanon

Tehran, (EFE) – Iran suspended peace negotiations with the United States and threatened to fully close the Strait of Hormuz in response to Israeli attacks on Lebanon, the Tasnim news agency — linked to Iran’s Revolutionary Guard — reported Monday. “The Iranian negotiating team suspends talks and the exchange of messages with the United States through […]

Caribbean Business Staff