The U.S. Treasury Department has unveiled new measures to support small private businesses in Cuba. These steps include allowing Cuban entrepreneurs to open U.S. bank accounts. Additionally, they authorize “U-turn transactions” to facilitate fund transfers originating and ending outside the U.S. This move aims to streamline payment processing for Cuban small businesses. These changes also […]
Related Posts
South Africa’s Pivotal Election: ANC at a Crossroads
South Africans are gearing up for a critical election on May 29, marking the nation’s seventh vote since apartheid ended in 1994. The ruling African National Congress (ANC), after 30 years in power, faces the risk of losing its majority. Analysts predict ANC may not secure 50% of 400 National Assembly seats, possibly resulting in […]
Chinese economic instability poses challenge to global commodity demand
China’s wavering economy is now a significant concern for global commodity demand. As economic activity and credit flows within the world’s top buyer face challenges, Beijing’s conservative growth targets might be at risk. While commodities have withstood economic setbacks better than other assets and pandemic restrictions have been lifted, fuel consumption has seen an uptick. […]