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Channel Tunnel Chaos Enters Day Two as Power Fault Drags On

The disruption, caused by a fault in the system's overhead power supply, on Tuesday upended plans for thousands of passengers in London, Paris, Brussels and Amsterdam. Rail passengers travelling between the UK and mainland Europe are enduring a second day of major disruption after a power failure shut down the Channel Tunnel, halting both Eurostar and LeShuttle services. The fault, linked to the overhead power supply, brought traffic to a standstill and left thousands of travellers stranded on both sides of the Channel. Although some services have begun to move again, operators warn that delays and cancellations will continue while engineers work to stabilise the system. Eurostar has urged passengers to avoid travelling unless essential, as many trains remain suspended or heavily delayed. LeShuttle customers are also facing long queues, with significant backlogs reported at both Folkestone and Calais. The timing has added to the frustration, hitting one of the busiest travel per...
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Dow Hits 40,000 for the First Time as Bull Market Accelerates

Wall Street advanced into uncharted territory on Thursday, with the Dow Jones Industrial Average topping 40,000 for the first time after a blowout earnings report from Walmart cast a positive light on the U.S. economy. The Dow rose about 0.4%, closing at a new all-time high above the 40,000 threshold. Meanwhile, the S&P 500 added about 0.3%, just below a record finish, and the tech-heavy Nasdaq Composite gained 0.4%.

Investors are closely watching second-quarter results from major U.S. banks, including Goldman Sachs, which reported a profit surge of 150% amid investment banking strength. Additionally, BlackRock’s profit beat estimates as assets under management reached a record of $10.6 trillion.

The market’s focus also turned to the potential fallout from an assassination attempt on presidential candidate Donald Trump during a rally. Bets have increased on a win in November’s presidential election for the Republican frontrunner, who is seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.

Fed Chair Jerome Powell’s remarks reinforced market expectations that rate cuts will arrive as soon as September, further influencing investor sentiment. Overall, it’s a dynamic time in the markets, and the Dow’s milestone reflects the ongoing bull market.

Remember to stay informed and keep an eye on market developments!

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