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Europe Grinds to a Halt as Deep Freeze Triggers Massive Travel Disruptions

                                                   KLM scraps 600 flights in Amsterdam on Wednesday as snow continues A powerful cold snap sweeping across Europe has forced widespread cancellations of flights and trains, with conditions expected to worsen through Wednesday. Heavy snowfall, freezing temperatures, and hazardous travel conditions have already caused days of disruption across the continent, and authorities warn that the situation may deteriorate further. Severe Weather Shuts Down Air Travel Dutch carrier KLM announced it will cancel 600 flights at Amsterdam Schiphol Airport on Wednesday as it struggles with persistent snow and freezing conditions. Schiphol, one of Europe’s busiest hubs, has been heavily affected since Friday, with thousands of flights disrupted and de‑icing operations running around the clock. Officia...
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TSX Hits Record High as Fed Chief Signals Rate Cuts

 

Canada’s main stock index surged to a new all-time high on Friday, driven by a broad-based rally. The catalyst? U.S. Federal Reserve Chair Jerome Powell’s endorsement of imminent interest rate cuts.

At 10:41 a.m. ET (14:41 GMT), the S&P/TSX Composite Index reached 22,574.65, surpassing its previous record. Energy and financial sectors led the gains, fueled by optimism that rate cuts could bolster the economy and stave off recession.

This marks a significant milestone for Canadian investors, with the TSX adding 1% for the week, its third consecutive week of gains.

Stay tuned for further updates as the market responds to Powell’s remarks!


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