Business News Cuba

  • In this Aug. 27, 2018 photo, Cuban bartender Barbara Betancourt Bernal pours a daiquiri at a bar in Havana, Cuba. Known to friends and family as Barbarita, the 46-year-old's career spans two decades. 

    In Cuba, female bartenders break convention to benefit from the growing tourism industry, grabbing job opportunities that have come in the last five years with the opening of new private businesses.

  • HAVANA, July 21- A draft of Cuba's new constitution omits the aim of building communism, recognizes private property and opens the door to gay marriage, in a sign of changing times, although it keeps the Communist Party as the guiding force of the one-party system. Cuba's national assembly is this weekend debating a draft of the document to replace its Soviet-era...

  • Elon Musk 

    Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.

  • JetBlue Flight 387 pushes back from the gate as it prepares for take off to become the first scheduled commercial flight to Cuba since 1961 on August 31, 2016 in Fort Lauderdale, Florida. 

    Delta announced in May that it would terminate its service to Havana, Cuba and other airlines are already proposing to take over the service according to Atlanta Business Chronicle. 

  • LONDON, July 6- Aberdeen Standard Investments is preparing to take over the management of CEIBA Investments, a fund that owns stakes in hotels and commercial property across Cuba, a spokesman for the asset manager said on Friday. The change will go ahead once CEIBA is listed on the London Stock Exchange and will mark Aberdeen Standard's first experience of...

  • A U.S. private citizen who visited China has reported symptoms like those of U.S. diplomats afflicted with a mysterious illness in Havana and Guangzhou. 

  • HAVANA, July 3- In the busy summer travel period in Cuba, a long line of people wait for hours in the sweltering heat outside the Havana office of state-owned airline Cubana, many of them eager to visit families in the provinces. Cubana, which has a virtual monopoly on domestic flights in Cuba, said last month it was suspending nearly all of them due to a lack of working...

  • HAVANA, July 3- In the busy summer travel period in Cuba, a long line of people wait for hours in the sweltering heat outside the Havana office of state-owned airline Cubana, many of them eager to visit families in the provinces. They come at a time when Communist-run Cuba is trying to stimulate tourism, one of the few bright spots in its economy, by promoting beach...

  • NEW YORK, June 26- TV news viewers may recognize one reporter who pops up in trouble spots all over the world: From the 2010 earthquake in Haiti, to the Boko Haram kidnappings in Nigeria, to assorted crises in Mali, Thailand, Algeria and the Mideast. In an era when news reports largely rely on file photos and videos, CBS correspondent Vladimir Duthiers reports stories...

  • NEW YORK, June 26- TV news viewers may recognize one reporter who pops up in trouble spots all over the world: From the 2010 earthquake in Haiti, to the Boko Haram kidnappings in Nigeria, to assorted crises in Mali, Thailand, Algeria and the Mideast. In an era when news reports largely rely on file photos and videos, CBS correspondent Vladimir Duthiers reports stories...

  • Senator Jeff Flake, former Google Chief Executive Eric Schmidt and the Trump administration's top diplomat in Cuba met on Monday with new Cuban President Miguel Diaz-Canel, the highest-level U.S. delegation to do so since he took office. Flake and Schmidt, who is now a board member at Google parent Alphabet Inc, were on a 24- hour visit to discuss improving the...

  • HAVANA, June 2- Cuba's national assembly named former President Raul Castro on Saturday to head the commission charged with carrying out changes to the constitution that would provide legal backing to the island's economic and social opening. Castro is slated to remain head of the Cuban Communist Party until 2021. "What is coming is an" update "of Cuba's...

  • Jeff Bezos, Amazon

    Market giants Apple, Amazon, Google, and Facebook were all founded by first or second generation immigrants.

  • General view of the Central Business District (CBD) in Beijing on April 11, 2018.

    China has found no clues to explain what happened to an American citizen who reported suffering from "abnormal" sounds and pressure leading to a mild brain injury.

  • Secretary of State Mike Pompeo testifies during a hearing before the House Foreign Affairs Committee May 23, 2018 on Capitol Hill in Washington, DC.

    "The medical indications are very similar, and entirely consistent with, the medical indications that were taking place to Americans working in Cuba," Pompeo said during testimony.

  • HAVANA, May 11- New U.S. travel restrictions and a destructive hurricane season last year sucked some air from Cuba's tourism boom but foreign businesses from Spain's Melia Hotels to China's Jin Jiang are pursuing new investments in what remains a promising frontier. The downward trend continued in April, the sources said, the tail end of the November-to-May...

  • HAVANA, May 10- Cuba's new Mariel deepwater container terminal hopes to further its plan to become a regional shipping hub by completing dredging next year so it can receive mega-sized vessels, its general manager Charles Baker said on Thursday. The terminal in Mariel Bay, 45 kilometers west of Havana, is located in an industrial park where Cuba is seeking to...

  • Cuba's First Secretary of the Communist Party and former President Raul Castro (2-R), Cuba's President Miguel Diaz-Canel (2-L), First Secretary of the Communist Party in Havana Lazara Mercedes Lopez (L) and president of the Communist Party of Chile Guillermo Teillier watch the May Day rally in Havana, Cuba, May 1, 2018.

    Cuba's new president is looking to foreign investment to help solve the nation's economic crisis—but not giving up Communist principles—the Financial Times reports.

  • HAVANA, April 30- French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks. The two are leading a consortium that has been in negotiations with Communist-run Cuba since last year when they won a...

  • Newly elected Cuban President Miguel Diaz-Canel (L) reacts as former Cuban President Raul Castro raises his hand during the National Assembly in Havana, Cuba, April 19, 2018.

    Cuba has a new president – and for the first time in six decades, his last name is not Castro, and now Cuba must sort out the lines of authority between party and state, William M. LeoGrande explains in The Conversation.