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Business Matters: Cuba Open for Business 11 April 15
Sat, 11 Apr 15
President Barack Obama and the Cuban leader Raul Castro meet formally on Saturday in Panama City. The meeting comes after the US announced plans to lift its trade embargo1 on Cuba after 50 years. General Electric has had fingers in many pies for decades, in fact its lending business GE Capital had grown so large that if it were a bank it would be the second largest in the United Sates, by some estimates. The conglomerate2 now says it's going to sell its financial arm - as well as off-load most of its substantial property portfolio3. Also, could another bubble soon be forming along Dubai's skyline? The BBC's Mark Lobel talks to Mohamed Alabbar, the man responsible for the construction of the world's tallest building, the Burj Khalifa.
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1
embargo
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| n.禁运(令);vt.对...实行禁运,禁止(通商) | |
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2
conglomerate
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| n.综合商社,多元化集团公司 | |
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3
portfolio
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| n.公事包;文件夹;大臣及部长职位 | |
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