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Business 11 Sep 2010 | 12:00 AM

Castro says he was misinterpreted on Cuban economy

HAVANA: Fidel Castro said Friday his comments about the Cuban economic model no longer working were misinterpreted by a visiting American journalist - taking back an admission that caused a stir around the globe.

Business 14 Sep 2010 | 12:00 AM

Cuba to cut 500,000 govt workers, reform salaries

HAVANA: Cuba announced Monday it will cast off at least half a million state workers by early next year and reduce restrictions on private enterprise to help them find new jobs - the most dramatic step yet in President Raul Castro's push to radically remake employment on the communist-run island.

Business 27 Jul 2012 | 12:00 AM

Cuba broadens economic reforms, plans new measures

HAVANA: Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.

Business 30 May 2014 | 12:00 AM

Traditional barbershops not going anywhere any time soon

Despite moving towards becoming one of the most modern countries in South-East Asia, one particular trade in Malaysia has stood the test of time.