Cuba Battles Power Outages Amid Second Grid Collapse
Cuba's government has made limited progress in restoring electricity after the national grid collapsed twice within 24 hours. While some hospitals and parts of Havana have regained power, the majority of Cuba’s 10 million people remain in darkness.
The outages, caused by deteriorating infrastructure and fuel shortages, have crippled daily life. Traffic lights are out across Havana, and long lines have formed at state-subsidized shops. Lazaro Guerra, head of Cuba’s national grid operator UNE, expressed cautious optimism. "I cannot assure you that the system will be fully restored today, but we expect significant progress," Guerra stated on national television.
Earlier reports from state media outlet *CubaDebate* mentioned a complete grid failure, though Guerra downplayed the scale, describing the issue as localized.
Fuel Shortages and Storms Aggravate the Crisis
Cuba's electrical crisis deepened due to ongoing fuel shortages and hurricanes. Strong winds from Hurricane Milton hindered fuel transport to power plants, while Hurricane Oscar threatened heavy rains in northeastern Cuba.
Cuban officials blame U.S. sanctions and the embargo for fuel scarcity, noting that key allies like Venezuela have significantly reduced their subsidized fuel shipments. Despite these challenges, some Cubans, like René Duarte from Old Havana, remain resilient, stating, "We’re used to taking things in stride because we have no choice."
The country’s power grid had previously collapsed in September 2022 following Hurricane Ian, leading to widespread protests.


Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Thailand Inflation Remains Negative for 10th Straight Month in January
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 



