Business & Economy

Cuba and China signed agreements on Saturday in Havana to conduct joint research on therapeutic antibodies for treating cancer and to facilitate the rehabilitation of motor functions of the brain.

The Spanish hotel chain in Cuba, Melia Hotels International, has developed a marketing campaign to attract Cuban tourists, inviting them to visit their 25 facilities on the island.

The Central Bank of Cuba is revising the requirements of its new credit policy for private sector workers, according to a report broadcast on state-run television.

This year Cuba will have its first solar photovoltaic power plant, said Mario Alberto Arrastia, a specialist with the Cubaenergia company. In an attempt to break with the traditional fossil fuels based approach, the plant will produce 1,500 megawatts (MW) of energy.

Around 59,000 students and 10,000 teachers are set to participate in a training for enumerators and supervisors next month for the eighteenth “Population and Housing Census” in Cuba that will take place next March.

A shipment of 66,000 pounds of goods from Miami arrived in Havana on Friday on board the Ana Cecilia, the boat owned by the International Port Corp (CPI) for sending freight to Cuba.

Bad economic news on Monday for the Cuban government as the second deep water oil well drilled in the gulf of Mexico has come up virtually dry and will not be of commercial use.

Tropical Storm Ernesto was born on Thursday afternoon under 300 miles east of St. Lucia in the southeastern Caribbean Islands. The weather system packs 50 mph winds and is moving swiftly west at 21 mph.

Cuba added eight proposals to the bag of economic projects being reviewed by the Bank of the Bolivarian Alternative for the Peoples of Our America (ALBA), said officials from the island’s Ministry of Foreign Trade and Investment, Jose Chaple.