Cuba has eased travel rules, and General Motors is unveiling its 2014 Chevrolet Corvette Stingray, with CNBC's Michelle Caruso-Cabrera and Stephan Paternot, Slated co-founder & chairman.» Read More
From classic cars that still prowl the streets, to the business of tourism, we take you inside Cuba for a look at what life is like for its 11 million citizens.
The pope's visit to Cuba is providing a rare opportunity to see first hand the economic state of one of the last bastions of socialism, and whether or not a few new market-oriented laws are the start of meaningful change.
CNBC's Michelle Caruso-Cabrera has the details on Cuba's economic reform that could mean millions in revenue for the U.S.
CNBC's Michelle Caruso-Cabrera has the details on the changes that allows Cubans to buy and sell homes and cars, and the 181 categories of jobs for those who want to be self-employed, as the Cuban government is working on "perfecting socialism."
Hundreds of millions of dollars worth of goods have been exported from the U.S. to Cuba for the past several years, and it's legal—despite the fact that an embargo is still in place.
Many luxury goods have existed for centuries and enjoyed widespread popularity despite official bans. What are some in-demand luxury goods that have been banned?
JPMorgan has agreed to pay $88.3 million to settle potential civil liability for apparent violations of a wide range of US sanctions, the Treasury department said.
Venezuelan President Hugo Chavez revealed that he is fighting cancer after having a tumor removed in Cuba, raising uncertainty about his political future even as he assured his country he expects to fully recover.
Cuba has devalued its hard-currency peso by eight percent. Tourists, come on down!
After decades of boom to bust behavior, economies from Mexico to Brazil are looking dynamic, diverse and durable, helped by a wealth of natural resources and a good measure of fiscal discipline.
Cubans faced a harsh new reality this week—the dismissal slip —as the government began slashing state payrolls in a cost-cutting move that has created job insecurity for the first time in years in the Communist-run country.
In perhaps the clearest sign yet that economic change is gathering pace in Cuba, the government plans to lay off more than half a million people from the public sector in the expectation that they will move into private businesses, reports the New York Times.
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A federal judge on Tuesday criticized Barclays’ $298 million deal with the U.S. authorities to settle charges of facilitating payments that violated sanctions against countries including Cuba and Iran. The FT reports.
Barclays has agreed to pay $298 million over criminal allegations that it illegally engaged in financial transactions with banks in Cuba, Iran, Libya, Sudan and Burma, the Justice Department disclosed in court papers filed Monday.
In the following pictures, we tell the story of some of the individuals — the Pedro Pans — who struggled, adapted and even prevailed under incredibly difficult circumstances.
Despite an economic embargo against Cuba that has existed for a half century, Americans and citizens of US allies routinely conduct business with the country, including trade and tourism.
It's hard to find a spare tire in Cuba these days, or a cup of yogurt. Air conditioners are shut off in the dead heat. Factories close at peak hours, and workers go without their government-subsidized lunches.
Cuba has agreed to resume talks with the Obama administration on legal immigration of Cubans to the United States and direct mail service between the two countries, a State Department official said Sunday.