Business News Cuba

  • HAVANA, Dec 11- U.S. travel to Cuba is bouncing back a year after Hurricane Irma and the Trump administration delivered a one-two punch to visits by Americans to the once-forbidden island, according to data from the Cuban Tourism Ministry. The number of Americans traveling to Cuba through September totaled 460,646, according to ministry figures seen by...

  • HAVANA, Dec 5- Cuba's government said on Wednesday it was easing new regulations on the Communist-run island's fledgling private sector just two days before they are due to go into effect to take into account the concerns of entrepreneurs and experts. "I see a ray of light now," said Camilo Condis, a 33- year old Havana resident who has two business licenses, one to...

  • *Spain objects over Gibraltar, diplomats query threat. BRUSSELS, Nov 24- An 11th- hour deal on Saturday to answer Spanish demands for a big say on Gibraltar after Britain leaves the EU has salvaged an EU summit which will now go ahead as planned on Sunday to deliver a Brexit accord. The British government released a letter from the British ambassador to the EU Tim...

  • HAVANA, Nov 23- On a historic visit to Cuba, Spanish premier Pedro Sanchez vowed on Friday that his country would continue to increase investments there despite Cuba's cash woes, illustrating Europe's enduring interest in the opening market even as the United States pulls away. But Europe continues to forge ahead improving ties with Cuba, which over the past...

  • BRUSSELS/ HAVANA, Nov 23- Spanish reservations over Gibraltar on Friday prevented the European Union clearing the last hurdle before the bloc signs off its Brexit deal with Britain, with Prime Minister Pedro Sanchez saying a summit on Sunday could be called off. With four months left until Britain leaves the EU, the divorce treaty and an accompanying political...

  • MADRID/ HAVANA, Nov 22- Spanish premier Pedro Sanchez will embark on the first official bilateral visit by a Spanish leader to Cuba in 32 years on Thursday, at a time when the Communist-run island is looking towards Europe as its ties with the United States fester. It is first official visit to Cuba by a Spanish Prime Minister since 1986, when his fellow social...

  • Bolsonaro's pick of career diplomat Ernesto Araujo, 51, underscored Brazil's sharp turn to the right and the reversal of nearly a decade and a half of diplomacy under leftist Workers Party governments that focused on alliances with South American allies and ideological partners- including Cuba. "Brazil's foreign policy should be part of this moment of...

  • HAVANA, Nov 8- Representatives of U.S. agribusiness, the farming lobby and related industries opened a three-day conference in Cuba on Thursday aimed at increasing sales and cooperation with a country that the administration of U.S. The U.S. Agricultural Coalition for Cuba, which seeks increased trade with Cuba and the lifting of the trade embargo, is...

  • Economy and Planning Minister Alejandro Gil Fernandez reportedly told a council of ministers meeting that the lowered GDP growth forecast for this year was due to "less than expected revenues from activities such as tourism, the harvest and mining," three key revenue sources for Cuba. Some economists have estimated that Cuba's import dependence is as much as...

  • Trump signed an executive order to ban anyone in the United States from dealing with entities and people involved with "corrupt or deceptive" gold sales from Venezuela, Trump's national security adviser John Bolton said in a speech in Miami. Bolton made the announcement as part of a pledge to crack down on what he called "the troika of tyranny" in the western...

  • Bolton promised a tough stance by the Trump administration toward "dictators and despots near our shores" and singled out Venezuela, Cuba and Nicaragua in a speech in Miami, which is home to large numbers of migrants from Cuba and Venezuela. "Many of you in the audience today have personally suffered unspeakable horrors at the hands of the regimes in Cuba,...

  • HAVANA, Oct 31- Cuba's foreign trade and investment minister said on Wednesday the country had signed nearly 200 investment projects worth $5.5 billion since it slashed taxes and made other adjustments to its investment law in 2014.. "Foreign investment in Cuba is growing despite the recent strengthening of the U.S. economic, trade and financial blockade,...

  • HAVANA, Oct 30- A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar gleam outside Cuba's annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes. Aparicio says he is struggling to find U.S. firms keen on doing business with Cuba given fears of...

  • It failed to produce 300,000 metric tons of sugar that was already sold, "state-run media quoted Jose Ramon Machado Ventura, second secretary of ruling Communist Party, as saying on Thursday. The Caribbean island, once a major sugar exporter, produced 1.8 million metric tons of raw sugar in 2016-2017 and exported 1.1 million metric tons, according to the...

  • HAVANA, Oct 22- CEIBA Investments, a fund that owns stakes in hotels and commercial property across Cuba, said on Monday it raised $39 million on its first day of trading on the London Stock Exchange and will use the money to expand its business on the island. This is Aberdeen Standards first experience of managing investment in Cuba, a country seen by investors as...

  • 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...