Why has Indbank Merchant Banking Services Limited (511473) been underperforming recently - Free Access to Community

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In the capital city of Havana early Monday, people were seen outdoors in poor lighting, a few playing dominoes to kill time. Children are opting to sleep outside to cool off from the stifling heat indoors – schools have also been canceled until Thursday.

Power had been restored to 88.12% of customers in Havana by Monday afternoon, the city’s government said in a post on X. Though service is believed to be down in much of the country.

It comes after Oscar made landfall near Baracoa along Cuba’s eastern shores around Sunday afternoon as a Category 1 storm with winds of 80 mph. By Sunday night, the National Hurricane Center (NHC) announced that Oscar had weakened to a tropical storm and was moving toward the west-southwest of the country at 6 mph.

“Through Wednesday morning, rainfall amounts of 6 to 12 inches with isolated amounts of 18 inches are expected across eastern Cuba,” the NHC said, adding that as much as 8 inches of rain will appear in isolated amounts in the southeast Bahamas.

Earlier Oscar made landfall on Inagua Island in The Bahamas, with maximum estimated sustained winds of 80 mph, the NHC said.

On Sunday afternoon the Cuban Electrical Union announced that more than 216,000 people in Havana, a city of 2 million, had power restored. The power grid collapsed again later in the day –– for the fourth time since Friday.

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Cuban President Miguel Diaz-Canel criticized demonstrators for causing public disorder, saying in avideo posted on Xthat “we are not going to allow acts of vandalism and much less alter the tranquillity of our people.”

Cuba first descended into darknesson Friday, when one of the country’s major power plants failed, according to the Energy Ministry. Since then, most people in the 10 million-strong country have had their access to power interrupted, while also struggling to maintain fresh food and a steady supply of water.

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In Havana, before power was restored, residents waited for hours to buy a few loaves from the handful of locations selling bread in the capital. When the bread sold out, several people argued angrily that they had been skipped in line.

Why has Indbank Merchant Banking Services Limited (511473) been underperforming recently ✌️【Investment Strategy】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. Many wondered aloud where Cuba’s traditional allies were, such as Venezuela, Russia and Mexico. Until now, they had been supplying the island with badly needed barrels of oil to keep the lights on.

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One foreign visitor told 【 - Free Access to Community 】 that Havana’s José Martí International Airport was operating in the dark on emergency power only, adding that printers did not work to issue tickets and there was no air conditioning in the terminal.

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Why has Indbank Merchant Banking Services Limited (511473) been underperforming recently ✌️【Investment Strategy】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. The Cuban government is cancelling classes for students from Monday until Wednesday, having previously cancelled them on Friday. It has also instructed non-essential workers to stay home. The US Embassy in Havana will be open only for emergency services on Monday.

Cuban officials have blamed the energy crisis on a confluence of events, from increased US economic sanctions to disruptions caused by recent hurricanes and the impoverished state of the island’s infrastructure.

In a televised address on Thursday that was delayed by technical difficulties, Cuban Prime Minister Manuel Marrero Cruz said much of the country’s limited production was stopped to avoid leaving people completely without power.

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【 - Free Access to Community 】’s Mia Alberti, Gene Norman, Rob Shackelfordand 【 - Free Access to Community 】 en Español’s Verónica Calderón and Gerardo Lemos contributed to this report.

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