Foreign investment in Cuba will only be expropriated for “public or social interest,” according to text of a new law published in the official gazette. * Companies on the Caribbean island can be wholly-foreign owned, with health and education off limits to outside investment * Joint ventures can use foreign credit while workers to be paid in pesos * Foreign companies can hire Cubans directly in “exceptional cases,” law states, without specifying * NOTE: Cuba’s National Assembly approved the foreign investment law last month. * NOTE: President Raul Castro has initiated measures to open Cuba’s economy after he assumed the presidency from his brother in 2008, including loosening of property laws and controls prohibiting private enterprise.
Chilean firefighters are struggling to control a blaze around the city of Valparaiso that has destroyed more than 2,000 homes, just two weeks after an earthquake collapsed houses in the north of the country.
Coffee futures rose to a 25-month high as concerns mounted that the global market will swing to a deficit after a drought in the first quarter ravaged crops in Brazil, the world’s biggest producer and exporter.
Venezuela’s government held televised talks with the opposition for the first time since the outbreak of protests against inflation and rising crime that have roiled the nation and left at least 39 dead.
Venezuela’s government started televised talks with the opposition at the presidential palace in Caracas following two months of protests against inflation and rising crime that have left at least 39 people dead.
In the chaos immediately following the disappearance of Malaysia Airlines Flight 370, a crucial source of data came from four rooftop antennas installed by aviation enthusiasts living near the flight path. The volunteers, who host the gizmos for a Houston-based company called FlightAware, captured clues aiding the search for the plane that went missing more than a month ago.
A disease damaging banana crops in Southeast Asia has spread to the Middle East and Africa, posing risks to world supply and trade totaling $8.9 billion, according to the United Nations’ Food & Agriculture Organization.