Cuba’s leaders adopt social media, not democracy

Cuba’s leaders adopt social media, not democracy

THE DAY BEFORE Miguel Díaz-Canel became president of Cuba last April, a newscaster on state-controlled television urged Cubans to join in a tuitazo (outpouring of tweets). The hashtags he proposed were PorCuba (“ForCuba”) and SomosContinuidad (“WeAreContinuity”). Mr Díaz-Canel himself joined Twitter in August. For the first few weeks he followed only Nicolás Maduro, Venezuela’s embattled despot, and Evo…

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Warren Buffett says prospects poor for a mega-deal due to sky-high prices

Warren Buffett says prospects poor for a mega-deal due to sky-high prices

Warren Buffett is hunting for “an elephant-sized acquisition,” but he is not optimistic about getting it done. The billionaire investor wrote in an annual letter to shareholders on Saturday that the prospects of landing a mega-deal for his Berkshire Hathaway Inc conglomerate are “not good,” because “prices are sky-high for businesses possessing decent long-term prospects.”…

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Peter Foster: Bill Gates, defying the Climate Barons, tells the ugly truth about renewables

Peter Foster: Bill Gates, defying the Climate Barons, tells the ugly truth about renewables

Market advocates have always claimed that policy advice from business should be treated with suspicion. The road to economic and political hell is paved with corporate welfare and national champions (SNC-Lavalin anyone?). Communists and the “progressive” left were much more harsh, claiming that since big business sought only monopoly and plutocracy, the state at least…

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The struggle to reform China’s economy

The struggle to reform China’s economy

FOR THE past two weeks Chinese and American negotiators have been locked in talks in Beijing and Washington to end their trade conflict before the deadline of March 1st, when America will ratchet up tariffs on Chinese goods or, perhaps, let the talks stretch into extra time. Don’t be distracted by mind-numbing details on soyabean…

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A real challenge for Binyamin Netanyahu

A real challenge for Binyamin Netanyahu

WHEN BINYAMIN NETANYAHU, Israel’s prime minister, called an election in December, he seemed set for a fourth straight electoral victory. He hoped success would allow him to beat David Ben Gurion’s record as Israel’s longest-serving prime minister; more important, he hoped to resist calls to step down if, as seems likely, he is indicted on…

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Kraft-Heinz is in trouble

Kraft-Heinz is in trouble

THE KING OF Mac & Cheese is in a sticky spot. On February 21st Kraft-Heinz, a consumer-goods giant whose brands include HP Sauce and Oscar Mayer hot dogs, announced it faced four serious problems. It said profits in 2019 would be well below expectations. It cut its dividend. It disclosed that it had received a…

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