A man  has a wound in his leg cleaned at a makeshift field clinic run by the Cuban Medical Battalion  in Port-au-Prince.
A man has a wound in his leg cleaned at a makeshift field clinic run by the Cuban Medical Battalion in Port-au-Prince.

Disaster may thaw Cuban-American relations



WASHINGTON // The relief effort in Haiti has led to new opportunities for co-operation between the United States and Cuba and could potentially thaw the relationship between the long-time adversaries, some analysts say. Although few believe the earthquake will bring a sudden end to a complex political dispute that has spanned decades, there are some encouraging signs that both sides, for now, are willing to put aside their political differences as they assist those affected by the January 12 earthquake.

Cuban officials authorised US medical evacuation flights to cross through restricted Cuban airspace on their way from Guantanamo Bay to Florida, cutting about 90 minutes off the flight time. And US medical teams and Cuban doctors are collaborating on the ground and sharing US medical supplies, Darby Holladay, a spokesman for the US state department, said. "This development reflects our overwhelming concern for the welfare of the Haitian people," he said. "We will continue to identify areas where our co-operation can support the overall relief effort in Haiti."

Fidel Castro, Cuba's ailing former president, wrote last week in the Communist Party newspaper, Granma, of the "spirit of co-operation" among the countries responding in Haiti. "Haiti could become an example of what humanity can do for itself," he wrote. He also wrote, however, that it remains to be seen how long the co-operation will endure "before egotism, chauvinism, petty interests and contempt for other nations prevail".

Barack Obama's first year in office was marked by some optimism that the US-Cuban relationship was entering a more conciliatory phase. In April, Mr Obama eased restrictions on travel by Cuban-Americans to their families in Cuba and removed caps on the amount of money they are permitted to send home. His administration also reopened bilateral talks on the migration of Cubans to the United States and is negotiating the establishment of direct postal service to Cuba. A similar dialogue was suspended in 2004 by George W Bush, who cited a variety of concerns including Cuba's refusal to grant exist visas to Cubans who had received permission to enter the United States.

Mr Obama, however, has maintained a full embargo on trade to Cuba, which was imposed in 1962 after Mr Castro's "Cuban Revolution". Cuba continues to be listed - along with Iran, Sudan and Syria - as a "state sponsor of terrorism" and US citizens are forbidden to travel there. A new complication arose in December when Cuban authorities arrested a US citizen, Alan Gross, who was distributing laptops and internet connection equipment to Jewish groups in Cuba as part of a US government democracy promotion programme. Cuban authorities detained Mr Gross on suspicion of espionage.

Dan Erikson, a senior associate at the Inter-American Dialogue, a non-profit policy analysis group in Washington, said US-Cuba co-operation in Haiti is a positive development, but probably would not have a lasting effect on their brittle relationship. While allowing US planes to use Cuban airspace is a positive gesture, he said, it is not unprecedented. Similar permission was granted in the aftermath of the September 11 attacks.

"What this proves is that the US and Cuba are capable of putting aside political differences when it's perceived to be in their common interests," Mr Erikson, author of The Cuba Wars: Fidel Castro, the United States, and the Next Revolution, said. "But this kind of broad history of confrontation is not going to be erased by an earthquake in Haiti." Still, Julie Feinsilver, a senior research fellow at the Council on Hemispheric Affairs, said the joint US-Cuban relief work could open the two countries to a much broader form of "medical diplomacy".

"How about converting Guantanamo into a Latin American-Caribbean regional disaster relief and management centre?" she said, suggesting that doctors and relief workers are sometimes better at breaking down political barriers than diplomats and politicians. "It's not an economic competition. They are not competing for markets. They are just working together to provide a good - a need - that is in great demand in third countries."

Ms Feinsilver, author of the forthcoming book Medical Diplomacy: Fifty Years of Cuba's Soft Power Politics, said there were 344 Cuban doctors on the ground in Haiti when the earthquake struck. A memo sent last week by the Cuban government to its embassies throughout the world noted that Cuban doctors were among the first to respond to the wounded, treating close to 2,000 patients and performing more than 100 emergency surgeries in the two days after the disaster.

"Cuba is willing to co-operate with all nations on the ground, including the United States, in order to assist the Haitian people and save lives," the memo said. Not everyone has been willing to shed their political grievances, however. Remarking on the deployment of nearly 12,000 US troops to Haiti, Hugo Chavez, the Venezuelan president and an ally of the Castros, accused the United States last week of "occupying Haiti undercover".

Such sentiments were echoed by other leftist leaders in the region, including the Bolivian president, Evo Morales, who said on Thursday that the United States "cannot use a natural disaster to militarily occupy Haiti". sstanek@thenational.ae

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Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
TALE OF THE TAPE

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Record: 59-6-2 (38 KOs)
Age: 38
Weight: 146lbs
Height: 166cm
Reach: 170cm

Jeff Horn
Record: 16-0-1 (11 KOs)
Age: 29
Weight: 146.2lbs
Height: 175cm
Reach: 173cm

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

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'Nope'
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Company%20Profile
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
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COMPANY%20PROFILE
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

 


 

The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
RESULT

Norway 1 Spain 1
Norway: King (90 4')
Spain: Niguez (47')

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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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