INTERNATIONAL

Cuba to Liberalize Laws for Foreign Investors: Despite its repeated vows to retain socialism, the island nation is poised to approve a law that will give foreign capitalists the right to fully control business enterprises. Sunday’s weekly Juventud Rebelde called the new Law on Foreign Investments “a daring step.” The law is expected to be approved by Cuba’s national Parliament today. The article said the bill “recognizes that investments by foreign capital on the Island are no longer a transitory strategy but have become an everyday part of the Cuban economy.” The law will allow foreign businesses that have the approval of the Cuban government to invest up to 100% of the capital in enterprises in which they have total managerial and economic authority.