On Friday 30 December, the South Florida U.S. District Judge Beth Bloom, ordered four Florida-based cruise companies (Carnival, MSC SA, Royal Caribbean and Norwegian) to pay more than US$100 million each in ‘damages’ to Havana Docks. The latter, a US company, had owned a 1934 concession to several piers in Havana harbour, which was expropriated in 1960 by the Cuban Revolution. This decision, the first successful application of Title III of the Helms-Burton Act, is capable of having a devastating impact on the Cuban economy and should be strongly rejected as an illegal act of imperialist bullying.

In May 2022, the CEO of BlackRock declared that “the Russian invasion of Ukraine has put an end to the globalisation we have experienced over the last three decades”. He undoubtedly has a point. The war in Ukraine has brought to a head the conflicts that have been brewing between the major powers for some time.