Business Cuba

  • AAL CEO: Buffet's airline bet 'validation'

    This is a whole new business, says Doug Parker, American Airlines Group CEO, talking about Berkshire Hathaway's investment in American Airlines, and sharing his outlook on the industry.

  • HAVANA/ WASHINGTON, Dec 6- Cuba and the United States will draw up a roadmap for deepening their detente on Wednesday in a first meeting since the election of Donald Trump as U.S. president and the death of Cuban revolutionary Fidel Castro. The fifth U.S.-Cuban bilateral commission comes at a time of increased uncertainty about the future of U.S.-Cuban...

  • HAVANA/ WASHINGTON, Dec 6- Cuba and the United States will draw up a roadmap for deepening their detente, the Cuban government said on Tuesday, in a first meeting since the election of Donald Trump as U.S. president and the death of Cuban revolutionary Fidel Castro. Wednesday's fifth U.S.-Cuban bilateral commission comes at a time of increased uncertainty about...

  • SANTIAGO, Cuba, Dec 4- Fidel Castro's ashes were laid to rest on Sunday, capping nine days of official mourning when hundreds of thousands of Cubans said farewell with a combination of tears, Castro-like defiance and choruses of "I am Fidel!" Castro gave Cuba an outsized influence in world affairs. Forced to step down due to an intestinal ailment, Castro ceded power to...

  • SANTIAGO, Cuba, Dec 4- Fidel Castro's ashes were laid to rest on Sunday, capping nine days of official mourning when hundreds of thousands of Cubans said farewell with a combination of tears, Castro-like defiance and choruses of "I am Fidel!" He gave Cuba an outsized influence in world affairs, but leaves a mixed legacy. Forced to step down due to an intestinal ailment,...

  • SANTIAGO, Cuba, Dec 4- The family of Fidel Castro began a ceremony on Sunday to inter the revolutionary leader's ashes in the eastern city of Santiago, state media reported, while 600 miles away in the capital of Havana a 21- gun salute echoed through the city. At that moment in Havana, military cannons unleashed a 21- gun salute heard across the capital.

  • Cuban-Americans on the streets of Miami's Little Havana celebrate the death of Fidel Castro,  Nov. 27, 2016.

    "It means everything, because Fidel Castro was the essence, the icon that held that revolution together."

  • SANTA CLARA/ HAVANA, Dec 2- Fidel Castro's death has highlighted a yawning generational gap between older Cubans who remember grim poverty before his 1959 revolution, and youngsters who appreciate free health care and education but fear the 21st century is leaving them behind. Julio Lopez, 77, belongs firmly to the first group. "After the war ended, there was not...

  • SANTA CLARA/ HAVANA, Dec 2- Fidel Castro's death has highlighted a yawning generational gap between older Cubans who remember grim poverty before his 1959 revolution, and youngsters who appreciate free health care and education but fear the 21st century is leaving them behind. Julio Lopez, 77, belongs firmly to the first group. "After the war ended, there was not...

  • NEW YORK, Dec 1- American Airlines Group Inc will cut nearly 25 percent of its flights to Cuba in 2017, a company spokesman said on Thursday, attributing the move to travel demand rather than the election of Republican Donald Trump as U.S. president. Starting in mid-February, American, the world's largest airline, will offer one trip a day instead of two from Miami to...

  • NEW YORK, Dec 1- American Airlines Group Inc will cut nearly 25 percent of its flights to Cuba in 2017, a company spokesman said on Thursday, attributing the move to travel demand rather than the election of Republican Donald Trump as U.S. president. Trump, who takes office on Jan. 20, threatened on Monday to end the recent rapprochement between the United States and...

  • Cuba currently produces 96 percent of its energy with fossil fuels, around 60 percent of which are imported. That they will continue to pay homage to the old guy but it is time to move forward, "said energy policy and Cuba specialist Jonathan Benjamin-Alvara at the University of Nebraska. He has advised U.S. energy companies interested in Cuba under the opening...

  • Cuba currently produces 96 percent of its energy with fossil fuels, around 60 percent of which are imported. That they will continue to pay homage to the old guy but it is time to move forward, "said energy policy and Cuba specialist Jonathan Benjamin-Alvara at the University of Nebraska. He has advised U.S. energy companies interested in Cuba under the opening...

  • Cuban citizen Armando (L) and U.S tourist Lisa Fragoso wave U.S flag while passing the U.S. Interests Section, in Havana July 20, 2015.

    The Obama administration is urging Cuba to finalize a number of deals, The Wall Street Journal reported citing sources.

  • Death of Fidel Castro will not lead to immediate transition of power

    Diego Moya-Ocampos, Latin American analyst at IHS, discusses what the death of Cuban revolutionary Fidel Castro means for the communist country.

  • Cuba's Communist government eased restrictions on small businesses six years ago and restaurants- called paladares, or "palates"- have since boomed, helped by a surge of tourist dollars since a detente agreed in late 2014 with the United States. The economic reforms were ordered by President Raul Castro, who took over as Cuba's leader when his older brother Fidel...

  • WASHINGTON, Nov 28- U.S. companies are looking for ways to persuade President-elect Donald Trump to soften his threats to cancel the Obama administration's opening to Cuba, a reversal they fear could cost them hundreds of millions of dollars. During his campaign, Trump said he thought restoring diplomatic ties with Cuba was fine, but that Democratic President...

  • Which companies will benefit from biotech in Cuba?

    Jason Kolbert, Maxim Group, and Les Funtleyder, ESquared, discuss biotech opportunities in Cuba post-Castro.

  • OTTAWA, Nov 28- Canadian Prime Minister Justin Trudeau will not attend the funeral of Fidel Castro, his office said on Monday, days after Trudeau's warm comments about the late Cuban leader sparked a backlash. Governor General David Johnston, Queen Elizabeth's representative in Canada, will attend a commemoration in honor of Castro in Havana on Tuesday, at the...

  • How does Castro's death impact US doing business in Cuba?

    Phil Peters, Lexington Institute VP, and Jose Fernandez, Gibson Dunn, discuss how Fidel Castro's death will impact U.S.-Cuba business relations.