International

Cuban President urges to redouble efforts in economic battle

Photo: @PresidenciaCuba

July 26 |

Cuban President Miguel Díaz-Canel Bermúdez expressed on Wednesday that the duty of the generations responsible for the immediate destiny of the Revolution is to maintain what has been conquered and advance further, and denounced once again the criminal nature of the economic, commercial and financial blockade imposed on the Caribbean nation by the United States (U.S.).

During the central act for the 70th anniversary of the assault on the Moncada and Carlos Manuel de Céspedes barracks, National Rebellion Day, the head of state said that as long as a degree of dignified prosperity for all Cubans is not reached, there will be a Moncada to be assaulted.

Referring to the battle on the economic front, one of the fundamental challenges of the Revolution, he recalled that the Cuban people are waiting for answers on issues that affect the standard of living and the daily life of all, which he said can be resolved without waiting for the U.S. to lift the blockade of more than six decades.

Among them, he mentioned the need to increase the supply of consumer goods to combat inflation. He considered that this is “a difficult Moncada that we have the duty to assault here and throughout the country”. Every day, every hour, every minute, we have a Moncada to storm, he pointed out.

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Referring to the transcendence of July 26, 1953, he stressed that “the actions of that day were the beginning of the end of the last dictatorship installed in Cuba with the recognition and the immoral and material support of the U.S.”.

He stressed that for that reason Washington does not forgive the Revolution, in addition to the fact that the Cuban people did not allow it “to break national independence, international solidarity, the defense of the socialist alternative to savage capitalism”, as they thought would happen after the physical disappearance of the historic generation.

He pointed out that since 1959 “we are much more than a few dozen brave young people against the tyranny of (Fulgencio) Batista. Since that date we are a people who defend the Revolution and socialism as the fairest way to achieve the fairest society for all”.

Referring to another singular challenge, the U.S. blockade, he pointed out that imperialism is the natural enemy of the right to self-determination of the peoples and of those governments interested in developing programs of social justice and exercising sovereignty in their foreign policy.

He emphasized that the governments of that country have shown themselves to be more aggressive and intolerant when they realize that there is no force in the world capable of provoking the Cuban people to renounce the Marxist, Marti and Fidelist ideals that inspire the untiring struggle for the greatest possible social justice.

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He assured that this explains the severity of the blockade and the current validity of the reinforcement measures established by the Administration of Donald Trump (2017-2021) and maintained by that of Joe Biden, in a more aggressive and harmful dimension.

He denounced five pressure measures imposed by the U.S. that stand out for their perversity and harmfulness to the Cuban economy and population:

The inclusion of Cuba on the list of States that allegedly sponsor terrorism; the application of the provision of Title III of the Helms-Burton Act that allows actions to be taken in U.S. courts against businessmen from other countries who decide to establish ties and investments in Cuba.

The persecution of fuel supplies that Cuba needs to acquire; – the president continued – the persecution of medical services provided by Cuban specialists in dozens of nations; and the existence of a list of Cuban entities with which U.S. citizens are prohibited from having ties.

Díaz-Canel reiterated that the Revolution is not isolated, but that the US isolates itself by maintaining its hostility, as confirmed every year by the generalized rejection of the blockade policy by the international community. He also acknowledged the expressions of solidarity received by Cuba from various nations.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.