Daily Archives: March 24, 2016

In light of US president Barack Obama’s historic trip to Havana co-hosts Cardiff Garcia and Shannon Bond discuss the state of the Cuban economy, including the evolution of the dual currency system, new opportunity for foreign investment and Mr Obama’s attempt to claw away at the trade embargo. Then, economist Caroline Freund describes the relationship between the emergence of billionaires in poor countries and the ability of those countries to move quickly up the development ladder, the topic of her new book Rich People, Poor Countries. Visit FT.com/alphachat for show notes and links.

 

Market turmoil has given way to market calm. Is it down to a currency wars truce, and how long will the calm hold? Adam Cole of RBC Capital Markets tells Roger Blitz it won’t last.

 

Iraq has announced the beginning of a long-awaited campaign to recapture Mosul from Islamic State forces. It is hoping to push the Islamists out of the city by the end of the year. Siona Jenkins asks Erika Solomon, the FT’s Middle East correspondent, what are the chances of success.