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Dollar makes a comeback as Cuba readies currency devaluation

The US dollar is making a comeback as the favored currency in communist-run Cuba as the country prepares to devalue the peso to relieve pressure on a battered economy. Cuba has a unique system whereby two official currencies have existed side-by-side for nearly three decades, the Cuban peso...

Globalization revised but not reversed by COVID

New York-based Delta Children, which makes cribs in China for retailers such as Walmart, briefly studied moving production to the United States as supply shortages caused by the COVID-19 pandemic added to its hefty bill from US import tariffs. Commerce Secretary Wilbur Ross predicted in...