May 21, 2024 Last Updated 09:49 AM EDT

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Talks about U.S. confiscated property in Cuba begins

Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.

New rules to relief Cuba embargo laid out by White House

White House is laying out new rules to lessen the pressure on Cuba embargo. Businesses such as telecommunication and banking will be allowed to establish through joint ventures with Cuban firms like Etesca.

Cuba renews drive for UN to condemn US embargo

Cuba is marshaling United Nations support against the US embargo that it says crippled its economy over five decades. Among the Communist state's supporters are President Obama and Pope Francis, who is visiting the Communist state this week.

Financial Struggle: Fidel Castro shares his biggest regrets

Former Cuban president and revolutionary Fidel Castro made startling admissions to Citigroup executive Bill Rhodes, who said that the Latin American leader regretted kicking out the IMF from the country and assigning Che Guevara as the chief of the Cuban central bank.

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