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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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Stock Market Today: Dow, S&P 500, Nasdaq Rebound Amid China Tariff Retaliation and New Jobs Data

                                    

US stocks rebounded on Tuesday as investors assessed China's swift retaliation to the latest US tariffs and digested fresh jobs data. The Dow Jones Industrial Average rose by 0.2%, while the S&P 500 gained 0.7%, and the tech-heavy Nasdaq Composite jumped 1.2%.

China responded to the new 10% tariffs imposed by the US with tariffs of its own on US coal, liquified natural gas, crude oil, farm equipment, and some autos. Despite the escalating trade tensions, some analysts see China's measured response as a potential opening for compromise.

Meanwhile, job openings in the US declined more than expected in December, adding to concerns about the labor market's cooling trend. Investors are closely watching these developments as the Federal Reserve considers future interest rate cuts amid ongoing inflation concerns.

Tech stocks led the gains, with Alphabet (Google) shares rising nearly 2% ahead of its fourth-quarter earnings report. Vaccine stocks, however, fell after Robert F. Kennedy Jr.'s nomination to lead the Health and Human Services Department advanced to the Senate.

Overall, the market's positive reaction suggests cautious optimism as traders navigate the complexities of trade relations and economic data.



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