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Cuba To Recognize and Regulate Cryptocurrencies

Cuba's government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island.

A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.

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Al Capone's Favorite Gun, Personal Items Head to Auction

Al Capone is infamous for having been a ruthless mob boss, but one of his granddaughters says his softer side will shine through when the family auctions the Prohibition-era gangster's personal items — including diamond-encrusted jewelry with his initials, family photographs and his favorite handgun.

Capone's three granddaughters will also auction a letter he wrote to their father and his only child, Albert "Sonny" Capone, from Alcatraz, where the mobster served an 11-year sentence following his 1934 tax evasion conviction. In the letter written in pencil, Al Capone refers to Sonny as "son of my heart."

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Asian Stocks Mixed ahead of Possible Fed Guidance

Asian stock markets were mixed Friday as investors awaited more guidance on the U.S. Federal Reserve's easing plans.

The moves in Asia follow a pullback on Wall Street after the deadly attacks on Afghan civilians and U.S. troops at the Kabul airport on Thursday.

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Apple Loosens App Store Payment Rules in Lawsuit Settlement

Apple has agreed to let developers of iPhone apps email their users about cheaper ways to pay for digital subscriptions and media by circumventing a commission system that generates billions of dollars annually for the iPhone maker.

The concession announced late Thursday, which covers emailed notifications but does not allow in-app notifications, is part of a preliminary settlement of a nearly 2-year-old lawsuit filed on behalf of iPhone app developers in the U.S. It also addresses an issue raised by a federal court judge who is expected to soon rule on a separate case brought by Epic Games, maker of the popular video game Fortnite.

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Hong Kong to Allow in Foreign Domestic Workers

Hong Kong said Thursday that domestic workers from Indonesia and the Philippines will be allowed to fly into the city starting Aug. 30, a move expected to ease a shortage of helpers in the city.

Hong Kong has approximately 370,000 domestic workers from Indonesia and the Philippines. Flights have been banned from both countries because they were considered high-risk for the coronavirus; under current arrangements, only fully-vaccinated Hong Kong residents from high-risk countries are allowed to enter the city.

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N. Korean Parliament to Meet in Sept. over Strained Economy

North Korea will convene its rubber-stamp parliament next month to discuss efforts to salvage an economy strained by pandemic border closures after decades of mismanagement and U.S.-led sanctions.

The North's official Korean Central News Agency said Thursday the Supreme People's Assembly will meet on Sept. 28 in Pyongyang to discuss economic development, youth education, government organizational matters and other issues. The report didn't mention any plans for discussions on foreign policy.

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World Stocks Slip Following Record Wall Street Charge

World stocks were broadly lower on Thursday following a charge on Wall Street that drove indices to all-time highs for the second straight day.

Britain's FTSE 100 lost 0.3% to 7,127.10 and France's CAC 40 declined 0.2% to 6,665.06. The DAX in Germany also fell 0.2% to 15,822.87 in early trading.

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Israel to Allow Goods into Gaza in Move to Ease Tensions

Israel said that it would be easing commercial restrictions on the Gaza Strip and expand entry of goods to the Palestinian enclave following days of heightened tensions.

The announcement came after hundreds of Palestinians demonstrated Wednesday near the Israeli border, calling on Israel to ease a crippling blockade days after a similar gathering ended in deadly clashes with the Israeli army.

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Raisi Says Economy, Covid Response 'Does Not Befit' Iran

Iran's President Ebrahim Raisi on Thursday vowed to improve the country's sanction-hit economy and its Covid response, saying that the current situation "does not befit" the Islamic republic.

He delivered the remarks while chairing the first meeting of his cabinet which was approved by parliament on Wednesday.

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China Reopens World's Third Busiest Port after Partial Virus Halt

China reopened a key terminal at the world's third-busiest cargo port Wednesday, after a shutdown to control the coronavirus caused backlogs through supply chains -- but disruptions at a major airport are now sending transport costs soaring.

Several cargo aircraft workers at Shanghai Pudong International Airport tested positive for the coronavirus in the past week, sparking a suspension in freight operations.

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