plunges

Cuba’s electricity system has deteriorated amid shortages of fuel and replacement parts.

Cuba’s national electricity grid has collapsed, plunging the island into a widespread blackout.

The state-run Electric Union, known as UNE, announced the collapse on X late on Sunday but did not immediately identify its cause, the extent of the disruption or when electricity would be restored.

Before the nationwide failure, Havana’s electricity company had reported outages caused by damaged transformers, circuit failures, and planned cuts linked to insufficient generating capacity.

Early on Sunday, it recorded dozens of unresolved complaints across various municipalities, including Guanabacoa, Habana del Este, La Lisa, and Marianao, according to the Reuters news agency.

Authorities typically attempt to recover from a total collapse by creating small, isolated power networks to supply hospitals, water systems and food facilities before gradually reconnecting larger generating plants.

Series of nationwide blackouts

Sunday’s failure is the latest in a series of nationwide blackouts this year. The grid collapsed three times within nine days in July, including two island-wide failures in the same week. One of those outages left about 10 million people without electricity, while authorities struggled to restore power because the country could not generate enough electricity to meet demand even after the network was reconnected.

Cuba’s electricity system has deteriorated amid shortages of fuel and replacement parts, as well as repeated breakdowns at ageing thermoelectric plants. Some generating facilities are more than 30 years old and have received limited maintenance.

The Cuban government blames Washington, which has severely restricted oil supplies to the island and access to financing and equipment.

Cuba lost a key source of fuel after United States President Donald Trump imposed an oil blockade on the island following the US’s January 3 abduction of Venezuelan President Nicolas Maduro.

Venezuela had long been Cuba’s primary oil supplier, and imports from Mexico have also been halted amid increased pressure from Washington.

Others, meanwhile, cite decades of underinvestment and mismanagement in the energy sector.

Extended outages have disrupted transport, water supplies, communications and medical services. They have also left households struggling to preserve food, cook meals or sleep during the summer heat.

The UK travel company has stopped all coach and minibus services as a liquidator has been named after a decade in business

A UK travel company has plunged into liquidation as its website disappears completely, with passengers unable to make new bookings.

TS Travels Group Ltd offered ‘reliable and safe coach services for tours in West Yorkshire‘.

They claimed to have experienced drivers and well-maintained vehicles ahead of the collapse.

The business covered Leeds, Wakefield, Huddersfield, and Bradford and provided private hire, corporate transfers and school trips.

On July 29, 2026 a liquidator, Laura Anne Walshe of Keywood Group Limited, was appointed.

According to Companies House the travel firm had been in operation for over a decade, incorporated on July 3, 2015.

The company’s full accounts dated up to July 31, 2025 shows that they had over £250,000 worth of debts. It is unclear whether the closure has created job losses.

It is not the first West Yorkshire based travel company to go bust in recent months. Gold Crest Holidays, based in Ilkley, confirmed it had ceased operations after more than 30 years in January.

The family-owned coach tour operator said it was “deeply saddened” to have entered liquidation at the beginning of the year.

Netflix stock plunged 9% on Friday morning to $67.74 a share, after the streamer’s second quarter earnings report renewed concerns among investors and analysts about the streamer’s future growth.

The Los Gatos-based company on Thursday narrowed its 2026 forecast to $51 billion to $51.4 billion from $50.7 billion to $51.7 billion, causing equity analysts to cut their estimates. The stock reached a new 52-week low on Friday and is down 49% from a year ago.

“This outlook likely reinforces investor concerns,” wrote analysts from Guggenheim Securities in a research note on Friday, which has a “buy” rating on the stock.

Netflix did not immediately respond to a request for comment on its declining stock price.

Investors have been skittish about the amount of time people spend on the streaming platform. Netflix’s share of TV viewing time in the U.S. has steadily declined in recent months as YouTube has gained market share, according to Nielsen data.

Investors are concerned that if people spend less time watching Netflix, it could cause people to cancel their subscriptions and make it more challenging for Netflix to raise prices in markets like the U.S.

Netflix said engagement is healthy on its platform and its programs continue to draw large audiences with popular shows like crime drama series “I Will Find You.”

Netflix said subscribers watched more than 97 billion hours on the streaming service in the first half of the year, up 2% from a year ago.

“We are increasingly concerned that younger generations are less interested in long form content as their time migrates to ‘free’ social media platforms,” wrote Jeffrey Wlodarczak, CEO of Pivotal Research Group in a report on Friday, who has a hold recommendation on Netflix stock. “We believe this will result in slower subscriber growth and attempts by the company to offset this via more aggressive price increases and investment in content.”

Netflix executives in a Thursday earnings presentation emphasized that measuring engagement at the company goes beyond hours spent watching the streaming service.

“There is not a linear relationship between view hours and revenue and profit because all hours are not created equal,” said Greg Peters, Netflix co-CEO on an earnings presentation on Thursday. “All hours don’t provide the same kind of value to the business.”

The streamer said it plans to allocate just over 5% of its content spend on live programming this year. Live content has been a key driver for subscriptions, accounting for six of the top 10 new member sign-up days over the last five years, the company said, even though it makes up roughly 1% of overall watch time this year.

The company is also diversifying the content it offers on its platform, adding live sports games and video podcasts, in addition its large library of TV shows and movies.

Netflix revenue rose 13% to $12.6 billion in the second quarter. Net income was $3.4 billion, up 9% from a year ago.

The company said its advertising business is on track to reach $3 billion in revenue this year, double the amount in 2025.