Cuba approves 176 market reforms under U.S. pressure (opens in new tab)

Cuba's National Assembly unanimously approved a broad economic package on Thursday that opens more of the island's state-run economy to private enterprise, foreign investment and market mechanisms as the country faces a severe economic and energy crisis under intensified U.S. pressure. Prime Minister Manuel Marrero presented 176 measures covering 23 areas, including banking, tourism, agriculture, foreign investment, wages, taxes and the currency market. The package would allow private banks i...