Business & Economy Archives - Page 7 of 217

Mexico Breaks Its Record on Sending Oil to Cuba

Despite all the shipments from Mexico, the Cuban population continues to suffer endless blackouts.

They almost always cook over wood or charcoal in a huge pot where products contributed by many anonymous hands are prepared.

This new incentive aims to increase Cuba’s charcoal exports to 250 tons, which barely reached 36 tons in 2024.

Political, economic and moral corruption abound in the regime, but neither Ortega or Murillo can stop the “unauthorized corruption.”

The price of the US dollar (USD) in Cuba’s informal market reached the 400 Cuban pesos (CUP) record mark on Monday, August 11, 2025.

The figure, calculated from partial data, could be even worse, as Cuba goes from being the world’s leading producer to importer.

An official Cuban newspaper laments the loss of value of the MLC and its replacement by the “empire’s” currency.

“I don’t know if it’s because people are trying to escape blackouts, but they’re buying like never before… even with prices switched to USD.”

The new system is already up and running, but “people still don’t know about it,” said an employee at the Obispo branch in Old Havana.

The increase in some pensions in Cuba was approved on Wednesday and will take effect on September 1st.