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Cuba Plunged Into Darkness as Oil Pressures Mount

                                                       Mass blackouts in Havana, Cuba, March 4, 2026 A sweeping power outage has left most of Cuba without electricity, stretching from Pinar del Río in the west to Las Tunas and Camagüey in the east. The state electricity union reported that the blackout began after an unexpected failure at the Antonio Guiteras thermoelectric plant, one of the island’s key power sources.  The crisis unfolds against the backdrop of tightening U.S. restrictions on oil shipments, which have sharply reduced the island’s fuel supply and strained its already fragile energy grid. Cuban officials say years of economic sanctions, combined with dwindling oil deliveries from allies like Venezuela and Mexico, have deepened the country’s energy shortages and made the grid increasingly vulnerable to ...
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UK Bonds Experience Worst Start to a Year on Record

 


UK bonds have experienced the worst start to a year on record, following an unexpected surge in inflation. 

The Bloomberg Sterling Aggregate Bond Index is down over 3% this month, more than any other sovereign market. The UK isn’t the only place where investors are rethinking their aggressive bets on interest-rate reductions. Traders in the US and Europe have also moderated their expectations. 

The turbulence in the bond market has brought home how vulnerable markets are. The Bank of England is now caught between a rock and a hard place, as the clear path the market was painting for a steady reduction in interest rates this year may have to be re-visited .


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