GFM Network News


Maduro rebukes Kellogg for leaving Venezuela

Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called […] Read more

Cuba backtracks on food reforms as conservatives resist change

Havana | Reuters –– Cuba decided at a secretive Communist Party congress last week to reverse market reforms in food distribution and pricing, according to reports in official media, reflecting tensions within the party about the pace of economic change. President Raul Castro unveiled an ambitious market reform agenda in one of the world’s last […] Read more


China frees prices of commodities, services in fresh reforms

Shanghai | Reuters — China has freed prices of 24 commodities and services, removing all price controls on agricultural products, among other reforms, its top economic planning agency said. The National Development and Reform Commission (NDRC) issued a document last month, letting the market decide prices of tobacco leaves, the last agricultural product previously under […] Read more