President Obama has rolled out a new set of regulations that lifts the Cuban trade embargo to a certain extent. The relaxed rules allow easy facilitation of trade, travel and finance between the two governments, a move taken to end the age-old cold war between them. While the embargo cannot be lifted completely unless Congress gives their consent, the Obama administration is convinced that this is a step in the right direction for improving the condition of the island.
Cuba
Cuba Is Low In Its Foreign Investments
Cuba is opening its eye to increase its foreign investments. Cuba is failing to meet its self-imposed foreign investment targets two years after detente with the United States set off the greatest surge of business interest in the country since its 1959 socialist revolution, officials said on Tuesday in Havana.
Google to Provide Internet to Cuba, says US president
Even if Huawei already has a foothold in Cuba, Google will still provide internet access and WiFi. This is according to the U.S. president during his historic visit to Cuba. Competition will drive faster and more reliable internet service to the island nation.
U.S. Competes with China for Business and Influence in Cuba
China and U.S. has been competing for a place in the economy and politics of Cuba. China has been doing business with Cuba for several years and the U.S. is just making a start. The edge that Washington sees is the proximity as being Cuba's neighbor.
US-Cuba Bilateral Relations Expected To Boost Up With Resumption of Commercial Flights After 50 Years
Anthony Foxx is expected to sign a deal in Havana on Tuesday. The deal will allow resumption of commercial flights between the two countries. All the major airlines are expected to take part in the bidding of commercial flights towards different destinations of Cuba.
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The week long trade expo celebration in Havana, Cuba brought it some 50 American businesses, but most of these firms still have no idea how to earn money in the communist-ruled country with a population that has minimum purchasing power.
Cuba renews its annual campaign urging the United Nations to condemn the US economic embargo. Foreign Minister Bruno Rodriguez told media the Cold War-era embargo had cost Cuba some $833.7 billion over five decades. "Seventy-seven percent of the Cuban population was born and has lived under the cruel effects of the blockade, the humanitarian impact and damage is extreme and cannot be measured (only) in numbers," he said.
Cuba has opened 35 Wi-Fi access points nationwide, offering unprecedented online access in a country that until now has restricted use of the Internet to an elite few.
U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba's foreign trade minister said.
The United States on Friday eased restrictions on imports of goods and services from private Cuban entrepreneurs as part of Washington's rapprochement with Havana after more than half a century of enmity.
Milagros Diaz has been rolling cigars for 48 years, so long she cannot even smell tobacco anymore, and she is thrilled that the U.S. market is finally opening up for her handmade Cuban "habanos".
Inside an abandoned movie theater on a noisy avenue in a working-class section of Havana, some 70 Cuban children as young as nine pursue their dream of joining the circus.
A team of top Google executives is visiting Cuba to promote open Internet access, according to a dissident blogger who says she met the group in Havana.
The National Assembly of Cuba has approved a new foreign investment law via a unanimous vote held through a special session, Reuters reported citing the country's official media.
