Cuba Financial News

Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region.

crisis hotline for the first time sent a message between the world's superpowers. Communicated by Washington to Moscow, the message dated August 30, 1963 was more about testing every letter of the English keyboard than about addressing immediate conflict: «THE QUICK BROWN FOX JUMPED OVER THE LAZY DOG'S BACK 1234567890.» But since then, the famed hotline has worked to manage tensions — or to send warnings — between Washington and Moscow, whose relations have plunged to new lows over Russia's invasion of Ukraine. The hotline became reality in the wake of the 1962 Cuban Missile Crisis, with president John F. Kennedy and Soviet leader Nikita Khrushchev agreeing that the world came too close to nuclear war. Never a literal telephone as depicted in movies, the hotline was originally a clunky telegraph machine with cables under the Atlantic and Europe that each side would test every hour. The Pentagon, which managed US communications, would often send trivia such as baseball scores while the Kremlin preferred excerpts from classic Russian literature, Howard Patrick, a linguist who helped operate the first machine, said in a 2014 interview with the Pioneer Press in Minnesota. He said there was shock when the hotline was first put to actual use — a message from the United States to officially inform the Soviets that Kennedy had been assassinated in Dallas. The tool's first use to avert conflict took place in 1967 during the Six-Day War in the Middle East.

Brent crude edged up by 3 cents to $84.45 a barrel by 1332 GMT while U.S. West Texas Intermediate crude dipped 4 cents to $80.07. Hurricane Idalia strengthened on Tuesday as it headed towards Florida's Gulf Coast after skirting past Cuba. It is likely to cause power outages and could hit crude production.

By Marco Bello and Joseph Ax

By Arathy Somasekhar

Florida officials are warning drivers of “potentially widespread fuel contamination” impacting gas stations across the state's west coast as residents brace for Tropical Storm Idalia’s expected landfall later this week

By Brendan O'Brien and Rich McKay

China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen demand. China halved stamp duty on stock trading in its latest attempt to boost struggling markets. The market is also keeping an eye on Tropical Storm Idalia and any risk it poses to oil and gas output in the U.S.

Hurricane Franklin is forecast to become the Atlantic’s first major hurricane of the season on Monday and is on track to pass close to Bermuda on Wednesday, the U.S. National Hurricane Center (NHC) said on Sunday.

Idalia formed Sunday in the Caribbean, buffeting southeastern Mexico with wind and rain, as forecasters predicted it will strengthen to a hurricane before reaching Florida later in the week. The storm, which is not forecast to make landfall in Mexico, will travel across the Gulf of Mexico before reaching northwest Florida, the US National Hurricane Center said. Idalia will create «increasing risk of life-threatening storm surge and hurricane-force winds along portions of the west coast of Florida and the Florida Panhandle beginning as early as Tuesday,» the NHC warned. «There is considerable spread in the model intensity guidance, ranging from minimal to major hurricane status before landfall on the northeast Gulf coast,» the NHC added. The NHC predicted Idalia will have made landfall in Florida by 7:00 am (1100 GMT) Wednesday, in an image showing the storm's likely path. At 0300 GMT Monday, Idalia was swirling in the Caribbean, headed northeast with maximum sustained winds of 60 miles (95 kilometers) per hour, the NHC said. Storm surge and hurricane watches have been issued for parts of Florida's coast and scattered flash flooding can be expected, the NHC said. Governor Ron DeSantis has declared a state of emergency in 33 counties in preparation for the storm's arrival. In the Mexican state of Quintana Roo, home to Cancun and other coastal tourist resorts, Idalia dumped rain and put a damper on one of the last weekends of summer vacations. Heavy rainfall is expected across parts of the eastern Yucatan in Mexico and western Cuba. A week ago, Hilary, which at one point rose to a Category 4 hurricane on the five-point Saffir-Simpson scale, hit the state of Baja California on Mexico's Pacific coast as a tropical storm,

Brics bloc of emerging economies to counterbalance Western influence, while others in the group are reluctant to admit new entrants, such as Iran and Cuba, for fear of alienating Washington. The debate among the Brics nations—Brazil, Russia, India, China and South Africa—about whether and how to expand will likely feature prominently during the group’s first in-person leaders’ summit since the pandemic. The presidents of Brazil, China and South Africa, as well as the Indian prime minister, are set to attend the gathering here starting Tuesday.

Cuba in early August announced it was taking a major step towards electronic banking and a «cashless» society, the offices of fledgling small businesses across the communist-run country were left scrambling to figure out how to respond. Most alarming to many budding entrepreneurs was a new 5,000 peso ($20) daily cap on cash withdrawals for businesses, one of several measures the government said were aimed at forcing Cubans to do their transactions electronically, via transfer, online payment and bank cards.

₹$2.3 billion in the company/ He was approached by Uber cofounder Travis Kalanick about making investment in Uber at a valuation of $10 million. Currently, the company's market capitalisation stands at about $ 90 billion.

Little League World Series, a significant event for young baseball players worldwide, is set to take place from August 16 to 27 in Williamsport, Pennsylvania. It will feature 10 U.S. regional champions and 10 international regional winners, totaling 20 teams. The series consists of 38 games scheduled over a 12-day period, concluding with the championship game on August 27. Viewers can watch the games live on ESPN, ESPN2, or ABC. The tournament will run every day from August 16 to 27, except August 25, which is a designated off-day for the teams. Streaming options include Sling TV via subscription and FuboTV with a free trial. Additionally, games can be accessed on ESPN+ but require a cable login.

Check out the companies making headlines during midday trading Thursday.

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(Reuters) -Non-profit insurer Blue Shield of California plans to drop CVS Health (NYSE:CVS) as its pharmacy benefit manager and work with Amazon (NASDAQ:AMZN) and others to cut drug costs for its members and reduce reliance on companies that negotiate drug prices.

covid-19 pandemic and the induced lockdown, outbound tourism from China was a valuable international commodity. Statistics from the World Tourism Organization suggest Chinese travellers spent $255 billion in 2019, accounting for 20 per cent of all international tourism spending.

Mexico is “leading the way” in Latin America’s Travel Rule adoption drive, a study has found – with Argentina “lagging behind.”

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.