Cuba approves 176 measures to open socialist economy (opens in new tab)

Cuba's National Assembly unanimously approved 176 economic measures Thursday to decentralize the island's state-run economy and expand private and foreign investment. Prime Minister Manuel Marrero presented the plan to lawmakers, and President Miguel Díaz-Canel said a day earlier that urgent changes were needed to address the country's economic situation. The measures reduce the state's role in parts of the economy, allow more room for private businesses, permit imports and exports without st...