
U.S. President Donald Trump sharply escalated his rhetoric toward Cuba on Monday, saying it would be “a great honor” for him to “take Cuba in some form” and that he can “do anything” he wants with the island. The comments came as Cuba was enduring a nationwide blackout and while bilateral contacts acknowledged by both governments since last week continued in the background.
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Ecuador’s President Daniel Noboa has launched a new security offensive with a nightly curfew in four violence-hit provinces and the deployment of 75,000 soldiers and police officers. The restriction runs from 11 p.m. to 5 a.m. in Guayas, El Oro, Los Ríos and Santo Domingo de los Tsáchilas, began on Sunday night and is expected to remain in force for two weeks. In the first hours of the operation, authorities reported 253 arrests for violating the measure.
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Cuba suffered a nationwide blackout on Monday after the Ministry of Energy and Mines reported a “complete disconnection” of the National Electric System, leaving virtually the entire island without power. The collapse hit a country of roughly 10 to 11 million people and came amid an energy crisis that had already been causing prolonged outages and severe generation deficits.
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Germany on Monday rejected U.S. President Donald Trump’s request for allies to send warships to the Strait of Hormuz to help reopen the shipping route. Defence Minister Boris Pistorius questioned what “a handful” of European frigates could do that the U.S. Navy could not already do, and summed up Berlin’s position bluntly: “This is not our war.” Chancellor Friedrich Merz’s spokesperson added that the conflict “is not NATO’s war” and that Germany had no plans to be drawn into it.
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The U.S. Federal Reserve and the European Central Bank head into this week’s policy meetings in a far more uncertain environment than they faced just two weeks ago. The Fed meets on March 17-18, and the ECB on March 18-19, just after the Middle East war pushed oil prices above US$100 a barrel and forced markets to rethink the expected path of interest rates. Even so, neither institution is expected to change borrowing costs at these meetings.
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The 98th Academy Awards crowned One Battle after Another as the night’s dominant winner, taking six Oscars including best picture, best director, best adapted screenplay, best supporting actor for Sean Penn, best film editing and the new award for casting. The ceremony was held Sunday in Los Angeles with Conan O’Brien as host.
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Colombian President Gustavo Petro said his country and Venezuela will seek admission to Mercosur as full members, one day after a ministerial meeting in Caracas that he described as “extremely successful,” according to EFE. In a message posted on X, Petro said: “We will ask for the moratorium to be lifted so Venezuela can enter Mercosur as a full member, and Colombia will submit its own request to join as a full member.”
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Argentina’s judicial investigation into the collapse of the $LIBRA cryptocurrency has added a new and potentially damaging element for President Javier Milei. A draft recovered from businessman Mauricio Novelli’s phone describes an alleged US$5 million agreement in exchange for presidential backing for the project, based on forensic material incorporated into the case file. Investigators were able to restore the deleted note, although there is still no public proof that any such agreement was formally validated by the government.
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Oil prices moved back above US$100 a barrel on Monday as the conflict involving the United States, Israel and Iran intensified and shipping disruption in the Strait of Hormuz hit one of the world’s most critical energy chokepoints. Brent crude rose to US$105.15 a barrel and U.S. West Texas Intermediate climbed to US$100.32 in early Asian trading, according to market data.
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Ali Moshiri, Chevron’s former top executive for Venezuela and a longtime Washington interlocutor on energy matters, warned the CIA before Nicolás Maduro’s ouster that a direct handover of power to the opposition led by María Corina Machado could produce an unstable transition because she lacked control over the security apparatus and the state’s real power centers, according to a report published on Sunday. In that assessment, Moshiri recommended that the United States back Delcy Rodríguez as the more viable figure to manage the immediate succession.
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