Unbiased AI-powered news
Cuba announced 176 measures to reduce state control over the economy and permit foreign and domestic private investment. The changes include ending mandatory joint ventures with the government and allowing stakes in state companies.
nbcnews.comCuba announced plans to privatize significant portions of its economy and authorize large private enterprises. The measures remove the requirement that foreign investors form joint ventures with the state and allow both Cuban and foreign investors to acquire stakes in state companies.
The changes were presented in a speech to the National Assembly by Prime Minister Manuel Marrero. Lawmakers adopted the 176 measures in a unanimous vote.
Cuba has been under a U.S. oil blockade for four months. The island ran out of oil a month ago, leaving most residents with more hours without electricity than with it. Energy minister Vicente de la O stated three weeks ago that the country had no fuel and no reserves.
Petrol stations have been empty for months, and residents report using charcoal or wood for cooking. A resident of a Havana neighborhood said the price of cooking gas purchased online had risen to $29 a bottle from a few cents when bought from the state.
Diaz-Canel said the government was not acting because of pressure from the United States but to preserve socialism. " Michael Bustamante, chair of Cuban and Cuban American studies at the University of Miami, said both sides appear dug in and that the Cuban government would need to make big concessions.
Alina Fernández, who has lived in Miami as a critic of the regime, said dictatorships are established and fall with help from outside. She added that a government in power for more than 50 years cannot be overturned by banging on pots and pans.
foxnews.comIsraeli Prime Minister Benjamin Netanyahu told a Jerusalem policy summit that two named operations destroyed Iran's nuclear infrastructure and killed 20 scientists. He also described strikes on missile and regime targets plus new security zones in Gaza, Syria and Lebanon.
foxnews.comA federal judge barred the Kennedy Center from shutting for two years of renovations and required removal of President Trump's name from the building. The board will vote in mid-July on three renovation options.
ForbesDavid Hearn, 67, faces charges of destroying government property after touching a strip of blue coating. President Trump said the pool would be drained again and that multiple arrests had occurred.