Daily Briefing – May 1, 2018

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U.S. Media Still Gets it Wrong on Cuba Travel: Individual travel to Cuba is still permitted, notes The Travel Market Report, despite inaccurate stories in the media that only group travel is permitted. Partly to blame is the ambiguous language in public documents about the Administration’s new rules. The reality is that individual trips can be taken under the “Support for the Cuban People” visa, as long as the travelers use the private sector and keep records. (Travel Market Report)

French and German Corporations Hope for LNG Deal: France’s energy giant Total and German industrial powerhouse Siemens AG are in the final stages of negotiations to build a 600 megawatt power plant in Cuba, reports Reuters. The plant, slated for the Matanzas Bay area east of Havana, would be constructed by Seimens, and then supplied liquid gas from abroad by Total. The potential deal is another sign of EU interest in investing in Cuba. (Reuters)

Canadian Miner Sherritt Bullish on Cuban Nickel: Toronto-based Sherritt International Corp. remains unconcerned about the presidency shift in Cuba, says its CEO  David Pathe. In an interview with the Financial Post, Pathe said the U.S. paints “a darker picture than reality” about Cuba, where it mines Nickel in a 50/50 partnership with the government. Sherritt expects a solid year ahead as demand for nickel is likely to rise with the increase in electric car production, since nickel is a key ingredient in batteries for electric vehicles. (Financial Post)

Cuban-American Lawmakers Ask Pompeo to Nix Artist Visas: A group of Cuban-American politicians from South Florida and New Jersey are urging new Secretary of State Mike Pompeo to cancel visas for Cuban artists scheduled to perform at the Kennedy Center for the Performing Arts next week. The group includes Florida Republican Reps. Mario Diaz-Balart, Ileana Ros-Lehtinen and Carlos Curbelo, and Rep. Albio Sires, D-NJ. The lawmakers said the visas should be cancelled because the artists were sponsored by the Cuban government. (Newsmax)

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