The new investment law Cuba has passed to draw capital to the island and refloat its economy came into effect this past Saturday, DPA reported. It also offers potential investors tax prerogatives, such as a profit tax cut anywhere from 15 to 30 percent and tax exemptions for hired personnel.
Read MoreThe controversial case of North Korea’s Chong Chon Gang vessel came to its conclusion before the courts this Friday when a Panamanian judge absolved the three North Korean crew members accused of crimes against collective security and ordered the return of the 10 thousand tons of sugar confiscated by the country’s authorities.
Read MoreThe president of Google, Eric Schmidt, and three other executives of the US multinational company visited Cuba this past week where some met with blogger Yoani Sanchez, states a news item published by the online newspaper 14ymedio, edited by the dissident.
Read MoreCuban pitcher Raisel Iglesias, 24, penned a seven-year 27 million dollar contract with the Cincinnati Reds over the weekend, the latest in a string of ballplayers from the island expected to fast-track into Major League Baseball.
Read MoreThe Red Bull North America beverage company was fined US $89,775 on Friday for having filmed a documentary in Cuba, in violation of the more than half century embargo Washington maintains against the island, reports Granma newspaper.
Read MoreRepublican Senator Marco Rubio is looking for ways to hasten the voting process surrounding a US Senate bill aimed at applying sanctions on Venezuelan officials presumably implicated in the repression of protesters, after the measure was blocked by one of the senators in his party, DPA reported.
Read MoreIn the next five days no hurricane activity is expected for the area and there will be an enjoyable breeze near the sea. Early mornings will be relatively warm, but nothing that cannot be remedied with a fan.
Read MoreChinese President Xi Jinping will travel to Cuba as part of a tour of Latin American countries in July, when he will also attend the Brics Summit (Brazil, Russia, India, China and South Africa) in Fortaleza, Brazil, scheduled for July 15.
Read MoreCuban cyclist Lisandra Guerra won silver in the keirin and bronze in the 500 meter time trial during the recently concluded Cottbuser-Sprintercup event, held in the German city of Cottbus.
Read MoreThe wife and lawyer for Alan Gross said today they fear the former US AID sub-contractor (agent) in Cuba plans to take a “drastic” measure and put an “end to his life” after nearly five years confinement on the island. Gross is serving a 15-year prison sentence in Cuba. “I’m extremely worried that Alan will do something drastic now that his mother is dead,” said Judy Gross said in a statement after visiting her husband in prison in Havana.
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