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Taliban s Afghanistan advance tests Biden s America is back policy
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How China s Communists Came to Lead World s Largest Army, Soon Economy, in 100 Years
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Peace and War Summit focus turns to infrastructure, military rivalry
Pair of Wednesday sessions will delve deeper into U.S.-China relationship
Discussions on China’s multibillion-dollar, multifaceted Belt and Road Initiative and the United States-China military rivalry lead the 2021 Peace and War Virtual Summit into its second week.
The summit, presented by Norwich University’s John and Mary Frances Patton Peace and War Center, will hold a pair of sessions Wednesday.
In the first session, from 10 to 11 a.m., the Naval War College’s Lyle Goldstein and Endicott College’s Vitaly Kozyrev will discuss the military cooperation and rivalry between the United States and China.
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HAVANA (Reuters) - Cuba must devalue and deregulate further after taking initial steps this year to restructure its ailing state-run economy and presumably pay off long overdue debt, according to western creditors, business partners and analysts.
FILE PHOTO: Vintage cars drive on the seafront boulevard El Malecon in Havana, Cuba, December 29, 2020. REUTERS/Stringer
Cuba devalued the peso this month from its decades-old official rate of par with the greenback to 24 pesos to the dollar. A dollar substitute called the convertible peso, fixed at the latter rate, was scrapped, as were various sectoral exchange rates between the two.
In addition, the government announced a gradual reduction in subsidies to state companies, utilities and basic goods. In an effort to cushion the impact on the population, it imposed price controls combined with an average fivefold increase in state wages and pensions.
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