US allowing lawsuits over properties seized by Castro´s Cuba
(WorldNews Business)

WASHINGTON (AP) - The Trump administration on Wednesday opened the door for lawsuits against foreign firms operating on properties Cuba seized from Americans after the 1959 revolution. Secretary of State Mike Pompeo said he won’t renew a bar on litigation that has been in place for two decades, meaning that lawsuits can be filed starting on May 2 when the current suspension expires. The decision could affect dozens of Canadian and European companies to the tune of tens of billions of dollars in compensation and interests. “Any person or company doing business in Cuba should heed this announcement,� Pompeo said. Pompeo said the administration was acting because it recognized...