Business & Economy Archives - Page 117 of 227

US Embargo Shafts Cuban Players

The US $102,000 that should have gone to Cuba’s Pinar del Rio team, champions of the Caribbean Series 2015, will not be collected by the players. And no bonuses will go to the four Cubans on the tournament’s All-Star team, prizes that they won fairly at Hiram Bithorn Stadium in San Juan, Puerto Rico. The big political excuse used so far by the US institutions to avoid paying Cuban teams was that the money would end up in the hands of the government, not in the hands of the players, something no longer true.

US to Allow Certain Imports from Cuba

The United States government approved Friday the import of certain goods and services produced by the Cuban private sector, reported dpa. Now the ball is in the court of the Cuban government to decide whether to allow private producers to engage in exports, to date the sole domain of State companies.

South Korea Seeks Normalized Relations with Cuba

On Tuesday, the South Korean state insurance company K-sure, indicated it would provide the Central Bank of Cuba and the Banco Exterior de Cuba a credit line worth 60 million euros.

No Condoms in Pinar del Río

A shortage of condoms at pharmacies in the city of Pinar del Rio, the westernmost province of Cuba, shows once again the perils of the island’s centralized purchasing and distribution networks.

Cuba Exports Millions in Marabou Coal

The once-hated marabou brush has become something of a commodity as a source of raw material for some Cuban farmers, who are using the plant to produce vegetable coal and export it to European countries for millions of dollars.

A Journey to the Enchanted Land of Havana’s Food Fairs

As if by magic, something of an “enchanted isle” tends to appear in Havana on the last Saturday of every month. This time around, the magic domain emerged on Zanja, between the streets of Belascoain and San Francisco.

The History and Future of Cuba–China Ties

Fifty years ago, China was still very far away from the Caribbean. It had no visible economic development or any evident reason to buy or invest in Latin America. Though its geographic distance from this part of the world hasn’t decreased, today our markets are moved by its trade, cooperation initiatives and investments.

US Airlines on Stand-by to Fly to Cuba

The day that any US citizen can book online a seat on a commercial flight to Cuba on a US airline is getting closer with the recent diplomatic thaw between Washington and Havana and the partial lifting of restrictions on trips to the island, reported dpa news.

Cuba Broadcasting Still Dishing Out Paychecks

The Office of Cuba Broadcasting, or OCB, has signed more than 100 contracts worth nearly $1 million since the U.S. and Cuba on Dec. 17 announced they would begin renewing diplomatic ties (See the full of List of contracts). On Jan. 28, Cuban President Raúl Castro demanded that the U.S. government stop broadcasting TV and radio signals into Cuba in violation of international law.

Bipartisan Push to Open Tourist Travel to Cuba for US Citizens

Eight powerful US senators announced Thursday a bipartisan project to end all restrictions on US citizens wanting to travel to Cuba. The bill, called the Freedom to Travel to Cuba Law was introduced in the Senate by the group led by Senators Patrick Leahy, Democrat of Vermont, and Jerry Moran, R-Kansas