Economy
Cuba introduced sweeping emergency measures on Monday as the island faces a rapidly worsening energy crisis, intensified by US pressure aimed at cutting off its oil supplies. The government ordered a four-day workweek for state-run enterprises, shortened school hours, suspended university classes and......
Mexico has suspended its oil deliveries to Cuba to avoid potential US tariffs threatened by the Trump administration, President Claudia Sheinbaum confirmed on Monday, describing the American sanctions as deeply unfair and warning they would further suffocate an island already facing severe economic distress. Speaking......
Cuba has informed international airlines that jet fuel will be unavailable at all of the island’s airports for an entire month, forcing major carriers to suspend or reroute flights as the nation’s energy crisis reaches a critical level. Officials issued a Notice to Air Missions (NOTAM) warning......
Europe must urgently reduce its reliance on US payment giants Visa and Mastercard, the head of the European Payments Initiative has warned, as officials grow increasingly concerned that American-controlled financial infrastructure could be used as leverage amid worsening transatlantic relations. Martina......
The Chinese yuan climbed to its strongest level in 33 months against the US dollar on Monday, extending its longest winning streak in more than a decade after reports that Chinese regulators advised domestic banks to reduce exposure to US Treasury bonds. The yuan traded as high as 6.9284 per dollar......
Chinese regulators have quietly instructed domestic financial institutions to limit their exposure to US government debt, citing concerns over concentration risk and market volatility, according to people familiar with the matter. The move, first reported by Bloomberg, marks the latest step in Beijing’s......
Japan’s finance minister Satsuki Katayama said the government is prepared to intervene in currency markets if needed, signaling potential action to stem yen weakness following the ruling party’s decisive election victory. Speaking on Sunday, Katayama said authorities would seek dialogue with......
A closer look at the world’s largest economies reveals a fascinating paradox: the biggest countries by GDP do not always host the largest companies by market value. In some cases, a single corporation can rival or even surpass the economic output of entire nations. For instance, the United States,......
Robert Kiyosaki, author of "Rich Dad Poor Dad," announced Thursday he has stopped buying Bitcoin, gold, and silver amid concerns over US fiscal instability as national debt nears $39 trillion. His disclosure follows a rough week for crypto markets that wiped out about $750 billion in total......
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
Oil prices edged higher on Friday as critical nuclear negotiations between the United States and Iran kicked off in Oman, though benchmarks remained on track for their first weekly drop in six weeks. Markets cautiously shed weeks of built-up geopolitical risk premiums amid escalating tensions between......
Gold prices fell sharply on Thursday, dropping below the $5,000 per ounce mark as a stronger US dollar and cautious signals from Federal Reserve officials dampened investor enthusiasm for the precious metal. Spot gold traded between $4,835 and $4,920 during the session, marking a decline of more than......
World markets tumbled Thursday as a brutal U.S. tech selloff extended into a third day, pushing the S&P 500 into negative territory for 2026 and dragging Bitcoin to levels unseen in over a year. The Dow Jones Industrial Average shed 593 points or 1.2%, while the S&P 500 also dropped 1.2%. The......
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