Cuba's worsening energy crisis, exacerbated by US sanctions and halted Venezuelan oil exports, has led to frequent power cuts, disabling water pumping stations and leaving nearly 3 million Cubans without reliable access to water, forcing reliance on informal water economies.
China and Asean foreign ministers released a joint statement in Manila, addressing the ongoing energy crisis and the Middle East conflict, calling for a ceasefire and peaceful resolution, and welcoming US-Iran negotiations.
Kirill Dmitriev, Russian Presidential Special Representative and CEO of the Russian Direct Investment Fund, predicts humanity will witness the highest oil prices in history due to an impending energy crisis, as Brent crude surpassed $100 per barrel.
German Chancellor Friedrich Merz acknowledged that the country's prolonged energy crisis stems from the loss of Russian gas supplies, impacting industry with soaring costs. Germany's economy contracted, and the EU plans to fully ban Russian gas by 2027, despite mounting pressure from fuel prices.
Russian State Duma member Roza Chemeris attributes Germany's energy crisis and economic woes to its authorities' actions, stating Russia never provoked an energy blockade and always cooperated, despite Germany's past "blackmail" over Ukraine.
Yemen's Iran-aligned Houthis announced a maritime blockade on Saudi Arabia, threatening global energy markets already strained by Iran's Strait of Hormuz disruption. This escalates regional conflict, impacting critical Red Sea oil routes and potentially shutting down both major Middle East oil export routes simultaneously.
The International Energy Agency (IEA) warned that renewed fighting between the US and Iran could worsen the global energy crisis. Disruptions to production and exports, particularly through the Strait of Hormuz, have already impacted oil markets, and further escalation could complicate recovery efforts.
Estate agents are increasingly using AI to enhance property photos, leading to 'housefishing' where listings misrepresent reality. Buyers are complaining about misleading images, prompting concerns about trust and potential legal action under new consumer protection laws.
A cafe owner in Pilar, Bataan, Philippines, has installed a hybrid solar system to combat rising electricity costs and frequent blackouts. The move has improved business operations, allowing simultaneous use of equipment like roasters and ovens without power interruptions.
Cuba experienced its third nationwide power outage of the year on Monday, plunging its 9.6 million inhabitants into darkness. The state electricity company announced a total disconnection, citing unspecified reasons, while officials blamed US sanctions for exacerbating an energy collapse.
Cuba experienced its third nationwide power blackout this year due to dwindling fuel reserves and a crumbling electric grid, exacerbated by US "energy blockade" sanctions. The crisis, intensified by US actions cutting off oil from Venezuela, has led to widespread power cuts and social unrest.
Cuba's national power grid collapsed Monday, plunging around 10 million people into darkness. The nationwide blackout exacerbates the island's ongoing energy crisis, marked by frequent outages due to aging infrastructure and fuel shortages, with the government blaming US sanctions.
Bloomberg Economics forecasts elevated global interest rates until at least 2028, citing war in Iran and AI adoption as key drivers of inflation risks. The average key rate is projected to be 5.1% by end-2026.
Andy Burnham faces economic headwinds with high borrowing and debt, but falling energy prices and easing inflation offer potential relief. He must balance spending promises with fiscal rules and avoid tax speculation.
Facing an energy supply crisis, India is boosting domestic crude exploration by offering vast unexplored regions for bidding under the 'Samudra Manthan' initiative. The move aims to increase production to meet rising energy demands and global volatility, with significant funding for offshore drilling.
Tunisia's approval of five renewable energy concessions to foreign multinationals is criticized for deepening energy dependency and transferring public wealth, rather than solving the country's $3.8bn energy deficit. Critics argue for public control, domestic industrial capacity, and regional cooperation.
Cuba faces a severe energy crisis, leading to long blackouts. Wealthier Cubans and businesses invest in expensive solar power, while others resort to charcoal for cooking, creating a societal divide. Solar systems cost thousands, making them inaccessible for many.
UN climate chief Simon Stiell highlighted the "fossil fuel cost crisis" at Bonn climate talks, urging a faster transition from fossil fuels due to economic instability. While a "coalition of the willing" pushes for a phaseout, some nations, particularly oil producers, remain resistant, complicating UN negotiations.
The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil and gas route, which has been closed since February 2026, impacting global prices and supply.
The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil shipping route, which was closed by Iran in February 2026, causing significant oil supply disruptions and price hikes. While the agreement offers hope, experts caution that restoring normal energy flows will take months due to damaged infrastructure and logistical challenges.
President Trump celebrated his 80th birthday with a peace deal with Iran, leading to a global stock rally and oil price drop. However, he also warned France of a new trade war over digital taxes. Meta's AI efforts show progress with the Muse Spark model.
PM Narendra Modi will attend the G7 summit in France, representing the Global South and discussing West Asia conflict consequences, including energy crisis and freedom of navigation. He will also hold bilateral meetings with leaders like Macron, Trump, and Carney.
Philippine farmer Dan Rae Hugo faces doubled diesel costs and reduced profits due to the Iran war's impact on global energy prices. Meanwhile, ASEAN leaders convened in Cebu to address the energy shock affecting all 11 member states, agreeing to accelerate an energy security framework and a regional power grid. Philippine President Ferdinand Marcos Jnr stressed the urgent need for these measures, stating they were needed 'yesterday'.
Spain faces a critical juncture in harnessing AI for its youth. Despite high education levels, youth unemployment persists. A national strategy focusing on AI research, workforce preparedness through public-private partnerships, and a supportive regulatory environment is crucial to unlock economic potential and ensure opportunities for the next generation.
