A man sits at his home watching Cuba's President Raul Castro speak during a television broadcast in Havana December 17, 2014. REUTERS/Stringer

U.S., Cuba to restore ties

HAVANA/WASHINGTON - President Barack Obama announced the United States would restore diplomatic relations it severed with Cuba more than 50 years ago, drawing resistance from lawmakers opposed to reconciling with the communist-run island.  Full Article | Video 

Wall Street rallies after Fed statement; S&P has best day this year 4:41pm EST

NEW YORK - The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates.

Federal Reserve Chair Janet Yellen attends a conference of central bankers hosted by the Bank of France in Paris November 7, 2014. REUTERS/Charles Platiau

Fed opens door wider to rate hike

WASHINGTON - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, dropping a pledge to keep them near zero for a "considerable time."  Full Article 

Russia’s President Vladimir Putin is seen on a screen as he addresses to members of parliament and other top officials in the Kremlin, at a retirement home in Stavropol, December 4, 2014.REUTERS/Eduard Korniyenko

Will the real Russia please stand up?

Years of cyclical relations, engagement and disappointment, confrontation and compromise have spawned many “Russias” for the West. Each image lends itself to a different set of policy prescriptions.  Commentary 

A mother mourns her son Mohammed Ali Khan, 15, a student who was killed during an attack by Taliban gunmen on the Army Public School, at her house in Peshawar, Pakistan, Dec. 16, 2014. REUTERS/Zohra Bensemra

Will Pakistan cut ties with Islamic militants?

If Pakistan's reciprocation against extremists is to represent a genuine turning point in the nation's long battle with violence, military and civilian leaders must take a couple of decisive steps.  Commentary 

Cast members James Franco (L) and Seth Rogen pose during premiere of the film "The Interview" in Los Angeles, California December 11, 2014.  REUTERS/Kevork Djansezian

U.S. theaters delay Sony's 'The Interview'

LOS ANGELES - Top movie theater chains are delaying plans to show Sony Pictures' North Korea parody "The Interview," following threats made on cinemas by a hacking group that waged a cyberattack on the Hollywood studio.  Full Article 

Russian President Vladimir Putin (L) speaks to FIFA President Sepp Blatter during the 2014 World Cup final between Germany and Argentina at the Maracana stadium in Rio de Janeiro July 13, 2014. REUTERS/Dylan Martinez

FIFA ethics investigator Garcia resigns

MARRAKECH, Morocco - FIFA ethics investigator Michael Garcia resigned in protest at the way his report into the 2018/2022 World Cup bidding process was handled by Hans-Joachim Eckert, the ethics judge of soccer's governing body.  Full Article 

Report
Celebration in Havana, concerns in Miami following change of tide

Students in the streets of Havana celebrate the announcement by Cuban and American leaders to improve relations, while Cuban-Americans in Miami are cautious. Gavino Garay reports.