Connect with us

World

Cuba announces five fold increase in fuel prices

Published

on

The Cuban government has announced a five-fold increase in fuel prices as it struggles with shortages and a deepening economic crisis.

It said that from February the price of a litre of petrol would rise from 25 pesos ($0.20; £0.16) to 132 pesos.

The government, which subsidises many goods, hopes this will help to reduce its deficit.

It is the latest measure making life more difficult for cash-strapped Cubans.

Finance minister Vladimir Regueiro said the cost of diesel and other types of fuel would face similar mark-ups. He also announced a 25% increase in electricity prices for major consumers in residential areas, as well as hikes in costs for natural gas.

Mr Regueiro said the government would also open 29 new petrol stations which will solely accept payment in US dollars in order to raise foreign currency to purchase fuel on the international markets.

“These measures are aimed at reviving our economy,” Mr Regueiro told state television on Monday.

Cuba has been hit hard by economic turmoil, blamed on the coronavirus pandemic, the tightening of US sanctions in recent years, and structural weaknesses.

Last month, economy minister Alejandro Gil said that Cuba’s communist government could no longer sell fuel at subsidised prices, emphasising it was the “cheapest in the world”.

But economics professor Omar Everleny Pérez told AFP news agency that while petrol in Cuba may be cheap by global standards, when compared with salaries in the country it was “very expensive”.

He added that the new price structure would affect “the whole of society”.

In a nation where few people own vehicles, the rise in the cost of petrol pushes hopes of car ownership even further away.

Cuba, which depends heavily on imports, has suffered growing shortages of food, medicine, and consumer goods for the last four years.

The price hike comes on top of rampant inflation driving up prices for basic items and stagnant salaries for state workers, upping the pressure on Cubans already struggling to make ends meet.

The fuel crisis has led to long queues forming at forecourts, which sometimes stretch for miles and mean that filling a vehicle with petrol can become a days-long ordeal. Public transportation has also been sorely affected.

Last year, the shortages forced the government to cancel Cuba’s 2023 traditional May Day parade.

(BBC News)

World

Colombia to break diplomatic relations with Israel

Published

on

By

Colombia says it will break diplomatic relations with Israel on Thursday over its actions in Gaza.
Colombian President Gustavo Petro made the announcement at a rally in Bogotá’s Bolívar Square on Wednesday, describing the Israeli government’s handling of the war in Gaza as “genocidal.”

Israel launched its assault in the Palestinian territory following terror group Hamas’ attacks on October 7, which left more than 1,200 people dead and saw more than 250 taken hostage – many of whom remain in captivity today.

Now nearing its eight month, Israel’s war in the isolated enclave has killed more than 34,000 people, according to the Palestinian health ministry.

Related article ‘My whole family has perished:’ 22 killed in Israeli airstrike on Rafah, hospital staff say

Israel’s foreign minister, Israel Katz, condemned Colombia’s announcement and accused Petro of rewarding Hamas, which controls Gaza, saying he was siding with the “most despicable monsters known to humanity.” Katz also called Petro a “hate-filled, antisemitic president,” but said relations between both countries would remain warm despite the president’s actions.

Hamas said it “highly appreciated” Petro’s position, saying in a statement that it considered the decision “a victory for the sacrifices of our people and their just cause” and calling on other countries to follow suit.

South Africa has previously accused Israel of violating international laws on genocide, telling the United Nations’ top court that Israel’s leadership was “intent on destroying the Palestinians in Gaza” – a case which Israel dismissed as “absurd blood libel.”

The International Court of Justice later ordered Israel to “take all measures” to prevent genocide but stopped short of ordering its government to halt the war.

Regional neighbor Bolivia also cut diplomatic ties with Israel last year, citing “crimes against humanity committed against the Palestinian people” in the wake of Israel’s war with Hamas.

(CNN)

Continue Reading

World

NY police arrest around 300 in campus raids

Published

on

By

Police arrested about 300 protesters during campus raids at Columbia University and CUNY in New York on Tuesday night, officials say.

Eric Adams, the city’s mayor, says the “massive operation” took place at Columbia’s request to remove those who were disrupting a peaceful protest.

Elsewhere, rival protesters have clashed at pro-Palestinian encampments in Los Angeles.

At the University of California, Los Angeles (UCLA), vice-chancellor Mary Osako said: “Horrific acts of violence occurred at the encampment tonight”.

She says the university “immediately called law enforcement for mutual aid support”.

Footage online appears to show masked counter-demonstrators – supporting Israel – attacking their rivals with sticks and attempting to dismantle barricades.

US universities have been gripped by protests over the war in Gaza, as students demand a boycott of companies and individuals with ties to Israel.

(BBC News)

Continue Reading

World

AstraZeneca admits its Covid-19 jab could cause a rare side effect

Published

on

By

Pharmaceutical giant AstraZeneca has for the first time admitted that its Covid-19 vaccine could cause a rare side effect that could lead to blood clots and death, according to court documents.
The company is fighting a class action lawsuit alleging that its inoculation, which was developed in collaboration with the University of Oxford, can result in death and serious injury.

The legal battle was initiated by Jamie Scott, a father of two, who suffered a blood clot that left him with brain damage after he was inoculated in April 2021 in the midst of the Covid-19 pandemic. He is seeking compensation over claims that the AstraZeneca vaccine is “defective” and less safe than expected, an allegation the company denies.

In May 2023, AstraZeneca also insisted that “we do not accept that TTS [Thrombosis with Thrombocytopenia Syndrome] is caused by the vaccine at a generic level,” as quoted by The Daily Telegraph.

TTS is a rare condition, in which a person has blood clots, which could reduce the blood flow, combined with a low platelet count, which could prompt difficulties in stopping the bleeding. TTS symptoms include severe headaches and abdominal pain.

Despite previous denials, AstraZeneca said in court documents, which were submitted to the UK High Court in February but received media attention only recently, that “it is admitted that the AZ vaccine can, in very rare cases, cause TTS. The causal mechanism is not known.”

“Further, TTS can also occur in the absence of the AZ vaccine (or any vaccine),” the company added, as quoted by the Telegraph.

At the same time, AstraZeneca insists the available data shows the drug has “an acceptable safety profile,” and that “regulators around the world consistently state that the benefits of vaccination outweigh the risks of extremely rare potential side effects.”

Dozens of Western countries suspended the use of AstraZeneca’s vaccine in the spring of 2021 over fears it may have caused some patients to develop blood clots.  At the time, the head of the European Medicines Agency’s (EMA) vaccines strategy, Marco Cavaleri, said that there was an evident link between AZ vaccine intake and blood clots in the brain, but maintained that the benefits still outweighed the risks.

According to World Health Organization data, the AstraZeneca coronavirus vaccine has an efficacy of 72%. As of April 2021, over 17 million people had received the jab in the EU and the UK, with just under 40 cases of thrombosis, according to the company.

(Agencies)

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved