World Business Report - US eases restrictions on Venezuelan oil exports to Cuba

Download US eases restrictions on Venezuelan oil exports to Cuba

The United States says it will ease restrictions on Venezuelan oil exports to Cuba's private sector as Washington's blockade leads to a worsening crisis on the Caribbean island.

Former US treasury secretary and onetime Harvard president Larry Summers retires from his roles at the university.

Elsewhere in Milan, Gucci is facing a backlash after using AI to make images to promote its forthcoming show at Milan Fashion Week. Critics have questioned how using AI instead of human models and photographers is in keeping with the fashion giant's values.

Published on Wednesday, 25th February 2026.

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