Cuba approved 176 measures to decentralize its socialist economy in its broadest reforms since 1959, allowing private businesses, direct trade, free hiring, private banks and investment by Cubans abroad

Cuba's Communist Party has signed off on a package of free market reforms. One member called the changes a response to "economic war," while the party said they were not a…

Cuba on Thursday unveiled nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a US oil blockade.