Business Cuba

  • First commercial flight from U.S. to Cuba

    CNBC's David Faber reports the latest on the first commercial flight from U.S. to Cuba since 1961.

  • FORT LAUDERDALE, Fla., Aug 31- The first regularly scheduled commercial flight between the United States and Cuba in more than half a century was set to depart on Wednesday, opening another chapter in the Obama administration's efforts to open trade and travel with the former Cold War foe. The first of several U.S. carriers to begin serving Cuba in the coming months,...

  • Tourists ride in a vintage car at the 'Malecon' seafront in Havana, March 16, 2016.

    A one-hour flight over the Florida Straits will make it easier and cheaper for Americans to visit the long-isolated communist nation.

  • FORT LAUDERDALE, Fla., Aug 31- The first regularly scheduled commercial flight between the United States and Cuba in more than half a century is set to depart on Wednesday, starting a new chapter in the Obama administration's bid to open trade and travel with the former Cold War foe. The first of several U.S. carriers to begin serving Cuba in the coming months, JetBlue...

  • HAVANA/ NEW YORK, Aug 29- An expected explosion in U.S. tourism to Cuba will likely take years to materialize even after U.S. airlines resume commercial flights to the Caribbean island this week for the first time since 1961, industry officials said. Congress has yet to lift a trade embargo that prohibits U.S. citizens from visiting Cuba as tourists.

  • HAVANA, Aug 26- Cuba said on Friday it was ready to receive U.S. commercial flights beginning next week and that it viewed their renewal after being suspended in 1961 as another positive step in a growing detente. JetBlue is scheduled to inaugurate direct flights between the long-time nemeses on Aug. 31, when it flies from Fort Lauderdale, Florida, to Villa Clara in...

  • Colombia's chief delegate for peace talks, Humberto de la Calle, and FARC member, Ivan Marquez, shake hands in Havana on August 12, 2016.

    Colombia's government and leftist FARC rebels unveiled a peace deal to end a guerrilla war which almost made the country a failed state.

  • A military officer stands near the entrance to Camp VI at the U.S. military prison for 'enemy combatants' in Guantanamo Bay, Cuba.

    Officials said 15 Guantanamo inmates were transferred to the United Arab Emirates, the largest transfer during President Obama's administration.

  • Former Cuban President Fidel Castro and President of Cuba's University Students Federation (FEU) Randy Perdomo look at a newspaper during a meeting in Havana in this picture provided by Cubadebate.  The pictures of Castro with Perdomo were taken on January 23, 2015 according to Perdomo's account.

    Fidel Castro thanked Cubans for their tributes to mark his 90th birthday, and the iconic leftist revolutionary also lambasted his old foe, the U.S.

  • Aug 4- Spanish fashion group Mango is set to open its first megastore in Cuba before the end of the year after a recent thaw in the country's diplomatic relations with the United States, a source close to the company said. Mango's sales grew by 15.3 percent in 2015, the Barcelona- based unlisted company reported in May, driven by a focus on opening megastores...

  • Aug 4- Spanish fashion group Mango is set to open its first megastore in Cuba before the end of the year after a recent thaw in the country's diplomatic relations with the United States, a source close to the company said. Mango's sales grew by 15.3 percent in 2015, the Barcelona- based unlisted company reported in May, driven by a focus on opening megastores...

  • CARACAS, Aug 4- Facing a national food crisis, Venezuela's pumpkin-growing socialist president is exhorting compatriots to grow fruit and vegetables on balconies and roofs and in barracks across the country. His government's " Great Agro-Venezuela Mission" is promoting city farming to offset shortages which have led to lootings and riots as the OPEC country...

  • HAVANA, Aug 4- Cuba has chosen French firms Bouygues and Groupe ADP to modernize, expand and operate its Jose Marti International Airport in Havana to cope with a tourism boom. Foreign visitors to the Caribbean island jumped by 12 percent in the first half of 2016, the Tourism Ministry said on Tuesday, putting Cuba on track to a new annual record and its ageing...

  • HAVANA, Aug 3- Cuba said on Wednesday it had chosen two French firms, construction group Bouygues and Aeroports de Paris SA, to modernize, expand and operate its Jose Marti International Airport in Havana to cope with a boom in tourism. The Transport Ministry said Cuba selected Bouygues because of its track record in the construction sector in Cuba and Aeroports...

  • This Day in History, July 22, 2016

    Among the events that happened on this day in history, in 1960 Cuba nationalizes all American owned sugar factories.

  • July 21- French construction group Bouygues is employing more than 100 Indian laborers to work on a hotel it is building in Cuba, breaking a taboo in the Communist-run country on hiring foreign labor in order to meet increased tourism demand. For a country struggling to prop up export revenue in the face of low commodity prices, foreign workers on the Caribbean...

  • HAVANA, July 14- The director of Oxfam broke the global aid agency's longtime silence on the U.S. trade embargo on Cuba, urging the American Congress to lift it "sooner rather than later" given the island's mounting economic woes. Winnie Byanyima said in an interview in Havana that Oxfam was set to formally campaign against the embargo as part of its broader...

  • The Soviet-era refinery, a joint-venture with Venezuela, is currently running at its minimum output capacity of 50,000 bpd, said Luis Morillo, the general manager of PDVSA's Cuba division. His comments come days after Cuban President Raul Castro acknowledged that oil imports from Venezuela had fallen this year, creating further problems for the...

  • HAVANA, July 11- Cuba has opened a shop in Havana that could eventually operate as the Communist-ruled island's first wholesale store for the fledgling private sector, offering products in bulk at lower prices than in expensive retail outlets. They said the plan was for Zona+ to sell everything in bulk at a discount, catering in particular to the small businesses...

  • HAVANA, July 8- Japanese trading house Mitsubishi Corp is scouting for business opportunities in Cuba including infrastructure projects at its Mariel special development zone, a top executive said on Friday. Cuba launched the zone, centered around a new container terminal, two-and-a-half years ago in a bid to become a shipment hub and spur new industrial...