17 Mar 2017

Pentagon would see 10% spending boost under Trump’s ‘hard-power budget’

“President Trump’s first budget proposal calls for the largest increase in Pentagon spending since President Reagan’s defense buildup in the 1980s, proposing more money to fight Islamic State and to buy stealth fighter jets, warships and new weapons.” Source: Pentagon would see 10% spending boost under Trump’s ‘hard-power budget’ –

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15 Mar 2017

Bolivia aims to rebrand coca, as crop best known for cocaine remains tough sell

“Government officials admit that they underestimated international resistance, largely because in Bolivia, coca is so widely accepted as harmless. ‘We thought it would be easy because we all know the benefits of coca,’ said Felipe Caceres, vice minister of social defense and controlled substances. ‘We had no real understanding that

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14 Mar 2017

Two U.S. Airlines Are Already Done With Cuba

“U.S. airlines that rushed into Cuba last year knew the going would be tough. But it’s turned out to be such an unexpected financial slog that two carriers are now quitting the island.” Source: Two U.S. Airlines Are Already Done With Cuba – Bloomberg

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13 Mar 2017

Oil touches three-month lows, as U.S. supply swells

“Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC’s efforts to restrict crude output.” Source: Oil touches three-month lows, as U.S. supply swells | Reuters

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13 Mar 2017

Intel to buy Israeli technology firm Mobileye for $15 billion

“U.S. chipmaker Intel (INTC.O) agreed to buy driverless technology firm Mobileye (MBLY.N) for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones.” Source: Intel to buy Israeli technology firm Mobileye for $15 billion | Reuters

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10 Mar 2017

Bitcoin ‘mining’ is big business in Venezuela, but the government wants to shut it down

“Venezuela has become widely known as an economic basket case in recent years. But with its cheap electricity and volatile national currency, the country has at least one competitive advantage: It’s a good place to make the digital cash known as bitcoin.” Source: Bitcoin ‘mining’ is big business in Venezuela,

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10 Mar 2017

Cuba Welcomes 1st Norwegian Cruise Line Vessel from US

“The cruise ship Marina, with the Florida-based Norwegian Cruise Line Holdings Ltd., arrived Thursday at the port of Havana with 1,250 passengers on its first trip to Cuba.” Source: Latin American Herald Tribune – Cuba Welcomes 1st Norwegian Cruise Line Vessel from US

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08 Mar 2017

Mexico cancels sugar export permits to U.S. in trade dispute

“Mexico has canceled existing sugar export permits to the United States in a dispute over the pace of shipments, according to a letter seen by Reuters, in a flare-up industry sources said could temporarily disrupt supplies.” Source: Exclusive: Mexico cancels sugar export permits to U.S. in trade dispute | Reuters

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07 Mar 2017

As US aid and influence shrinks in Pakistan, China steps in

“As the Trump administration plots its policy toward a key partner, it will find Pakistan being drawn deeper into Beijing’s embrace and its promise of $46 billion in energy, infrastructure and industry investments by 2030. The money could transform the Muslim nation’s economy.” Source: China-Pakistan economic corridor: As US aid

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03 Mar 2017

For the First Time, the Price of Bitcoin Is the Same as the Price of Gold

“Two years ago, the value of Bitcoin slumped so badly that the digital currency was being written off as a failed experiment. No longer. Bitcoin has charged back, and as of today (March 2), for the first time ever, one Bitcoin is worth more than a troy ounce of gold.”

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