Business & Economy

US Relaxes More Aspects of its Embargo on Cuba

The US government today announced a further easing of some aspects of its embargo on Cuba, which could facilitate travel, trade and finance. The new measures take effect on Wednesday, announced the Departments of Treasury and Commerce in a joint statement.

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The Jazz Dream in Santiago de Cuba

There’s a part of the heart somewhere that gets sad if you don’t dress it up, if you don’t make it pretty, says Orlando Fuentes, drummer and director of Influencia, Santiago de Cuba’s most successful jazz band.

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USAID announces $6 million in Cuba grants

The U.S. Agency for International Development on Thursday announced that it is offering $6 million in grants over a three-year period to organizations that will “provide humanitarian assistance to political prisoners and their families, and politically marginalized individuals and groups in Cuba.”

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Venezuela Declares Economic Emergency

The Venezuelan government declared a 60-day economic emergency today that will include measures to speed up the import and distribution of food, consumer goods and medicines, announced the newly appointed Economy Minister, Luis Salas.

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Cuba’s Street Vendors: The Last Link in the Supply Chain

David is 21 and studying economics at the University of Havana. On weekends, when he heads back home in Batabano (in the province of Mayabeque), he works as a street vendor, selling produce. “My parents earn regular salaries. Do you think that you can support someone who’s going to university with 500 pesos a month?” he says, explaining how he and his grandfather decided to pool their savings and buy a cart to sell produce.

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Unilever Corporation Plots Return to Cuba

The Dutch multinational Unilever, one of the largest global manufacturers of personal hygiene and home care products will return to Cuba after being authorized to create a joint venture with majority ownership, reported dpa news.

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Cuba’s Main Servers Crash, again

Users of Cuba’s two main internet providers Nauta and Enet, both belonging to the State monopoly telecommunications company ETECSA, woke up today without service, something which also happened for several days at the end of November.

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