Cuba Economy

Already under the yoke of inflation and product scarcity, many Cubans don't know how they will cope with a new 500-percent surge in the fuel price.

Alex Romero was delighted when President Barack Obama came to Havana in March bearing the promise of a bright new future.

Cuban President Raul Castro told parliament on Saturday the communist country's market-oriented reforms must remain gradual, a clear signal he would resist calls to accelerate change in order to address an underperforming economy.

Cuban parliamentarians met Saturday in one of their twice-annual sessions, with the country's limping economy and the 2014 budget foremost on the agenda.

The head of the U.S. Chamber of Commerce has a prescription for communist-run Cuba's struggling economy: less government control and a heavier dose of the open market.

The approval came after Cuba dropped a last-gasp threat to veto the package of measures.

Asian shares rose on Wednesday and the euro clung to most of the previous session's gains as investors bet on central banks to provide stimulus.

French drug company Sanofi could unveil a vaccine in September 2012 for Dengue, the breakbone fever that could help prevent 100 m cases of infection each year.

Already under the yoke of inflation and product scarcity, many Cubans don't know how they will cope with a new 500-percent surge in the fuel price.

Alex Romero was delighted when President Barack Obama came to Havana in March bearing the promise of a bright new future.

Cuban President Raul Castro told parliament on Saturday the communist country's market-oriented reforms must remain gradual, a clear signal he would resist calls to accelerate change in order to address an underperforming economy.

Cuban parliamentarians met Saturday in one of their twice-annual sessions, with the country's limping economy and the 2014 budget foremost on the agenda.

The head of the U.S. Chamber of Commerce has a prescription for communist-run Cuba's struggling economy: less government control and a heavier dose of the open market.

The approval came after Cuba dropped a last-gasp threat to veto the package of measures.

Asian shares rose on Wednesday and the euro clung to most of the previous session's gains as investors bet on central banks to provide stimulus.

French drug company Sanofi could unveil a vaccine in September 2012 for Dengue, the breakbone fever that could help prevent 100 m cases of infection each year.