Cuba's leader Fidel Castro resigns

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Fidel_castroAfter 49 years as a head-of-state, Fidel Castro has announced today he is officially stepping down as Cuba's president. Given that Castro has been resistant to business-friendly reforms, his resignation gives some commentators the hope that his likely successor, Raul Castro, will bring about some much needed reforms. There is particular hope in giving farmers more independence and engaging more with neighboring economies besides Venezuela.

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