Business & Economy Archives - Page 2 of 217

Price Controls in Havana Don’t Work Says Official Press

“The price of products showed a direct relationship with inflation and with the price of the dollar on the informal market.”

“These are not mining companies on the Chinese stock exchange; they are private capital, like the scheme of the failed Interoceanic Canal.”

The market will be occupied mainly by self-employed workers who had to leave the nearby Feria de los Chinos.

“A few years ago, people were shocked to see a child selling avocados on the street. Now, many consider it normal, even during school hours.”

Gasoline has become a scarce commodity, a privilege that divides even among car owners: those with access to dollars and those who don’t.

Climate change, the greatest negative externality in history, is hitting Latin America hard, exacerbating inequality, threatening the common good.

Cuban businessman Mike Fernandez believes the thaw with the US failed because “the Cuban leaders, being older, were afraid of change.”

The sudden closure of a store with a notice on the door or none at all, is often the clearest sign of its conversion to the dollar system.

In collaboration with Spain, specialists from Cuba Energy are experimenting with biofuels instead of diesel to power bakery ovens.

Eating on the street is now a luxury. No more cajitas de comida or cups of natural juice. At most, fluorescent-colored instant drinks.