Cuba Financial News

Mark Cuban, the billionaire businessman and Dallas Mavericks owner, has decided to leave the business-themed Shark Tank series at the end of season 16. While appearing on the Showtime podcast All The Smoke, Cuban Cuban discussed his experience on the entrepreneur series «Shark Tank» with hosts and former NBA players Matt Barnes and Stephen Jackson and announced his plans. He said that this is the 15th year and next year it will be the 16th year, and is going to be his last year. Successful business people, or «sharks,» like Cuban, are featured on «Shark Tank,» where they listen to pitches from entrepreneurs looking to grow their companies and find investors.

outgoing Consul General in New York, Randhir Jaiswal, has said he has endeavoured to «tell the world what India means to the world today» as the Indian-American community members lauded his efforts to boost bilateral ties and organised receptions to bid him farewell. Several diaspora organisations have been hosting farewell receptions in and around the city in honour of Jaiswal, who will soon leave for Delhi where he will assume his new role as the Official Spokesperson, Ministry of External Affairs.

(Reuters) — Senior Cuban officials have over several weeks provided an increasingly dire snapshot of a deepening economic crisis in a series of televised prime-time appearances, revealing the extent of the downturn in unprecedented detail.

Dozens of tiny grocery stores have sprung up around Cuba in recent months

HAVANA (Reuters) — Cuba wants to tap its fast-growing overseas population for fresh investment to lift its sinking economy, a top foreign ministry official told Reuters this week, as the communist-run nation looks to overcome its worst downturn in decades.

El Salvador’s government has begun slapping a $1,130 fee on travelers from dozens of countries connecting through the nation’s main airport

El Salvador has introduced a $1,130 fee on travelers from 57 countries, including India, passing through its main airport. This measure, enforced since the end of October, has drawn attention due to its timing amid increasing pressure from the United States to manage migration flows heading towards its southern border. El Salvador's aviation authority has labeled the fee as an «airport improvement fee,» but the motive behind it remains unclear. Notably, the US has been urging Central American nations to take steps to control the flow of migrants reaching its border with Mexico. While El Salvador has not explicitly linked the fee to migration control, the country has acknowledged a rise in travelers from the specified nations this year. Most affected passengers are destined for Nicaragua, primarily on Avianca, a commercial airline. Nicaragua, with its lenient visa requirements, serves as a transit point for migrants from Haiti, Cuba, and Africa, aiming to reach the US. Earlier this year, an unexpected increase in migrants from Mauritania arriving at the US southern border puzzled officials. Investigations revealed travel agencies and social media influencers promoting routes through Morocco, Spain, and El Salvador before reaching Nicaragua. El Salvador's aviation authority and immigration agency lack specific data on the number of migrants from the listed countries transiting the country in 2023. The US embassy has not confirmed if it played a role in requesting the fee.

Bitcoin (BTC) has surpassed the $37,000 mark for the first time in 18 months as the wider markets reflect optimism over the pending approval of spot BTC exchange-traded funds in the United States.

By Nelson Acosta

Vladimir Putin has not announced a decision to seek another term in office yet, Kremlin Spokesman Dmitry Peskov told Russian news agency TASS. When asked to comment on a Reuters report that Putin had allegedly decided to run in the March 2024 presidential election, Peskov said: "Putin has not made any statements on the matter yet." "An election campaign has not yet been announced," he added. Russia is expected to hold its presidential election on March 17, 2024.

On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain.

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local media on Oct.30:

Billionaire investor Mark Cuban has stressed the need for a “grandma-friendly” crypto application that would attract widespread adoption.

The 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024. 

Florida lawmakers will return for a special session to impose additional sanctions against Iran, express support for Israel and provide additional security to protect Jewish institutions in Florida

Elon Musk, Mark Cuban and others have collaboratively submitted a shared amicus brief to the Supreme Court of the United States to raise concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to conducting internal proceedings without the inclusion of juries.

exports which are showing resilience. During January to July 2023, 48 commodities saw significant increase in exports, as per an analysis by MVIRDC WTC Mumbai.

The eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, was formally adopted by the Council of the European Union on Oct. 17. The regulation will enter into force after it's published in the Official Journal of the EU. 

The Central Bank of Nigeria (CBN) had to publicly insist that their project, one of the world’s first operating central bank digital currencies (CBDC), doesn’t threaten the country's financial stability. 

Mexico's president says he rejected a U.S. request to set up migrant transit centers in Mexico