-
Oil edges higher, stocks gain as investors eye political risks
-
China draws up safety rules for autonomous vehicles
-
Man Utd sign reported record £20mn sponsorship deal for training kit
-
Wenger says scrapping Infantino's World Cup plan was "absolutely necessary"
-
Stokes reveals England coaching ambition
-
Spain confronts EU migration hawks in tense Ceuta talks
-
Cargo ship hit after Trump insists Iran talks could reopen Hormuz today
-
Firefighters hope to contain blaze on Athens outskirts
-
BP profit soars as Mideast war roils energy prices
-
Heatwave divides rich and poor of upmarket Seoul
-
Most stock markets gain, while oil prices edge up after plunge
-
Drone strike on Moscow region kills 5
-
Most stock markets gain, while oil prices edge up after latest plunge
-
Guatemala issues 'danger' alert after Fuego volcano erupts
-
Weak yen helps auto giant Toyota raise forecasts
-
Heat kills 16 in South Korea this summer: interior ministry
-
TRON DAO Joins Blockchain Application Stanford Summit at the Science of Blockchain Conference as a Sponsor
-
Arson suspect arrested as US northwest battles wildfires
-
Rockets, Starlink, AI: SpaceX faces its first Wall Street grilling
-
Britain's Royal Mint strikes gold in electronic waste
-
After sparring over Ceuta, EU states seek lessons from crisis
-
Amorim evokes spirit of Baresi as he bids revive AC Milan fortunes
-
Forest fire spreads in Dutch nature reserve
-
Suspected heatstroke kills three lions at Japan zoo
-
Japan sees 'urgent' need to boost military
-
Stocks mixed as Seoul stabilises, oil prices rise with eyes on Mideast
-
Myanmar ex-junta chief set for first Thailand visit as civilian leader
-
Trapped by war, Bangladesh seafarer recounts Gulf ordeal
-
New Zealand hooker Bell out of South Africa tour with calf strain
-
WWII shells surface in wildfire-ravaged French village
-
Trump attorney general pick looks set to clear US Senate hurdle
-
Last Scottish island bird hunt banned after almost 500 years
-
Ore Energy Raises $43 Million to Unlock Renewable Baseload Power for the AI Era
-
Death toll from Venezuela quakes rises past 6,000
-
Fritz outguns Jodar to win ATP Washington title
-
Shafique, Babar lead strong Pakistan reply against West Indies
-
Major League Soccer names LAFC co-owner Berg as next commissioner
-
Defending champ Shelton finding tournament sweet spot in Montreal
-
Osaka out to improve Toronto fortunes with eye on US Open
-
Democratic-led US states sue in latest challenge to Trump's tariffs
-
Dow hits fresh record as oil prices tumble
-
Trump says Iran facing 'last chance before decapitation'
-
Trump board reassures Israel after objections on Gaza pullout
-
US northwest battles wildfires after Spokane neighborhoods scorched
-
Zelensky sacks his ambassador to the US
-
Iran denies negotiating with US, drawing Trump backlash
-
'Spider-Man' breaks record for domestic box office debut
-
Key dates for the Boeing 737 MAX
-
US regulators grant long-awaited Boeing 737 MAX 7 certificate
-
Israel objects to US-backed Gaza plan, defiant on pullout
Cuban economy needs 'urgent changes' to overcome crisis: president
Cuba's economy needs "urgent changes" to overcome a major crisis intensified by a US oil blockade, President Miguel Diaz-Canel said in a speech to Communist Party leaders broadcast on Thursday.
"The situation calls for urgent and necessary changes," Diaz-Canel told the party's politburo in his frankest admission yet of the need for an overhaul of the country's communist model.
He cited China and Vietnam as possible models for opening Cuba's economy to the world in order to "create economic wealth and distribute it equally."
Diaz-Canel made the remarks at a meeting called to fast-track reforms aimed at boosting the growing private sector and attracting more capital from millions of Cubans who have fled the crisis abroad.
Some of the reforms "will not have absolute consensus but cannot be postponed," Diaz-Canel stressed.
"When people's lives become this hard," the Communist Party and government had a responsibility to "change what needs to be changed" rather than try to explain away the crisis, he said.
The oil blockade imposed by President Donald Trump in January has brought Cuba's already moribund economy to the brink of collapse, marked by power cuts sometimes lasting over 30 hours and shortages of food, fuel, drinking water and medicine.
While Havana's position has been to blame its woes on a more-than-six-decade US trade embargo and the blockade, Diaz-Canel admitted there were "obstacles that don't come from outside, nor the blockade."
He pointed to "slowness, bureaucracy and norms that impede those who want to produce" as well as "decisions that we have put off."
The reforms were widely seen as a desperate, eleventh-hour bid to stave off economic collapse.
It is unclear, however, whether they will satisfy Trump, who is pushing for a change in Cuba's leaders as well as its economic model.
G.M.Castelo--PC