US economy shrinks in first quarter as tariffs unleash flood of imports
WASHINGTON (Reuters) — The U.S. economy contracted for the first time in three years in the first quarter, swamped by a flood of imports as businesses raced to avoid higher…
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Mexico’s finance minister to ask banks to lower interest rates
MEXICO CITY (Reuters) - Mexican President Claudia Sheinbaum said on Monday that she had instructed Finance Minister Edgar Amador to speak with banks so they can lower interest rates for…
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Trump goes with his gut and the world goes along for the ride
WASHINGTON (AP) — After President Donald Trump reversed course on his tariffs and announced he would pursue trade negotiations, he had a simple explanation for how he would make decisions in the…
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Cuba predicts 1% growth in 2025 after dismal year, economy minister says
HAVANA — Cuban Economy Minister Joaquín Alonso Vázquez on Monday forecast the Caribbean island's economy would grow only 1% in 2025 after a dismal year marked by one of the…
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Kugler says Fed has made good progress on achieving mandates
NEW YORK — Federal Reserve governor Adriana Kugler said today the central bank has made considerable progress in working to achieve its job and inflation goals, while stopping short of…
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Cuba`s ‘migratory stampede’ has no end in sight
HAVANA — Cuban lab chemist Deisy Herrera was crushed when her two sons left the island in search of a better life. "Those were terrible times," the 61-year old pharmaceutical…
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Full Caribbean Tourism Recovery Is Possible After 2021: OP-ED By David Jessop
Last year was a disaster for Caribbean tourism. Estimates suggest that visitor arrivals to the region fell by 75 percent in the last three quarters of 2020 causing overall Caribbean…
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Biden Ally Larry Summers Says $2,000 Stimulus Checks Would Be A ‘Serious Mistake’ That Could ‘Overheat’ The Economy
WASHINGTON — Larry Summers, the former U.S. treasury secretary who has reportedly advised President-elect Joe Biden, thinks $2,000 stimulus checks would be a "pretty serious mistake" that could overheat the…
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COVID-19 Dropped A Bomb On The Tourism Economy … Worse Than Irma And Maria
CHARLOTTE AMALIE — What kind of a bomb has COVID-19 dropped on the tourism economy? Worse than two hurricanes in 2017. That's the finding of the U.S. Virgin Islands chief…