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  • NEW YORK, July 21- Billionaire investor Warren Buffett said on Tuesday that media reports that he and Italian real estate agent Alessandro Proto together purchased the island of St. Thomas, southwest of Athens, are "a total fabrication." "Until the reports started coming out I had never heard of the guy who is making the claims about the Greek Island," Buffett said in a...

  • HAVANA, July 9- European officials and businesses are visiting Cuba in unprecedented numbers, attracted by its market-oriented reforms and hastened to act by Havana's improved relations with the United States. German Foreign Minister Frank-Walter Steinmeier was also scheduled to lead a delegation of 100 businesses to Cuba, but that trip was postponed due...

  • MIAMI, July 7- Carnival Corp has won U.S. approval to operate culturally-themed cruises to Cuba and plans to start taking travelers there in May, joining a growing list of maritime companies hoping to profit from a thaw in relations between Washington and Havana. The United States and Cuba have been working for months to improve relations after more than five...

  • MIAMI, July 7- Carnival Corp has won U.S. approval to operate cruises to Cuba and plans to start taking travelers there in May, joining a growing list of maritime companies hoping to profit from a thaw in relations between Washington and Havana. Miami- based Carnival, the world's largest cruise operator, said it was still in talks with Cuba for approval to start...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday broke its silence and accused the developer of mismanaging the project's design and not securing adequate financing. Construction delays, funding squabbles, lagging inspections and faulty work at the Nassau resort have led to finger...

  • JetBlue launches New York-to-Havana charter flights Friday, 3 Jul 2015 | 1:29 PM ET

    July 3- JetBlue Airways Corp said it began direct charter flights between New York and Havana on Friday, the first major U.S. carrier to fly the route following U.S. The airline said Cuba Travel Services Inc is offering the weekly flight on Fridays between New York's John F. Kennedy International Airport and Havana's Jose Marti International Airport.

  • Advertising group WPP to appoint executive in Cuba Thursday, 2 Jul 2015 | 6:39 AM ET

    LONDON, July 2- WPP, the world's biggest advertising group, is to appoint an executive in Cuba, saying on Thursday it would be the first major international communications services group to conduct business on the Communist-ruled island. The move comes a day after the United States and Cuba formally agreed to restore diplomatic relations on July 20, setting up a...

  • WASHINGTON/ HAVANA, July 1- An historic agreement to restore diplomatic ties between Washington and Havana could provide fresh momentum for lawmakers and activists seeking to chip away at- and eventually upend- the 53- year-old U.S. trade embargo. "This is more than symbolism," said Geoff Thale, program director at the Washington Office on Latin America, a group...

  • WILMINGTON, Delaware, July 1- The bankrupt $3.5 billion Baha Mar mega resort in the Bahamas secured up to $30 billion in interim financing on Wednesday, but it was unclear when construction on the stalled project would resume. Baha Mar's developer, Sarkis Izmirlian, the son of Armenian billionaire Dikran Izmirlian, has agreed to arrange the funding.

  • HAVANA/ WASHINGTON, July 1- The United States and Cuba on Wednesday formally agreed to restore diplomatic ties that had been severed for 54 years, fulfilling a pledge made six months ago by the former Cold War enemies. "Cuba is encouraged by the reciprocal intention to develop respectful and cooperative relations between our two peoples and governments," Raul...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, U.S. officials said on Tuesday. President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks, will both address the...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, a senior U.S. official said on Tuesday. The official said President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks,...

  • China's big ambitions stumble at Bahamas resort Tuesday, 30 Jun 2015 | 3:02 PM ET

    Nassau, Bahamas/ Beijing June 30- China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in the Bahamas. And on Monday, Baha Mar Ltd, developer of the 2,323 room resort located along Cable Beach near downtown Nassau, filed for voluntary bankruptcy protection in a...

  • HAVANA, June 24- Mexico has more investment projects under negotiation with Cuba than any other Latin American country as it seeks to strengthen relations within the region and engage with the Communist-run nation, the country's head trade official in Cuba says. Luis Cabrera, who runs the Cuban office of ProMexico, a Mexican government agency promoting...

  • WASHINGTON, June 18- The U.S. Senate passed an annual defense policy bill on Thursday that authorizes some $600 billion in defense spending for the 2016 fiscal year and starts reforms that could help curb costs over the long run. The White House has threatened to veto the measure over issues including a Republican-led plan to use $38 billion in special war funds...

  • CARACAS, June 12- Follow the main road, count three traffic lights, and take a left at the third. As with living-room restaurants that flourished in Havana in the 1990 s after the fall of its Soviet benefactor, Caracas is seeing a rise in clandestine dining as inventive restaurateurs seek ways to survive economic crisis, corruption and crime. This is an illegal...

  • A French doctor, venture capitalist and founder of biotech company Abivax, Pouletty is working with Cuba's Center for Genetic Engineering and Biotechnology to develop a therapeutic vaccine to treat chronic Hepatitis B that could be on the Asian market in two years and in Europe after that. Instead, Abivax agreed to buy vaccines at a predetermined price and pay...

  • AXA axes 500 mln euros of coal investments Friday, 22 May 2015 | 11:43 AM ET

    PARIS, May 22- French insurer AXA said on Friday it was cutting its exposure to the coal industry, pulling out of investments worth 500 million euros. Bank of America said earlier this month it was cutting back its lending to the coal industry, while French bank Societe Generale said it was restricting its exposure to the sector. However oil major Royal Dutch...

  • MIAMI, May 20- Stonegate, a small Florida bank, has opened an account for the Cuban government, according to a source familiar with the state's banking industry, removing an obstacle in the way of Washington and Havana restoring diplomatic ties after more than 50 years. President Barack Obama said he was seeking to improve diplomatic and commercial relations...