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Air Transat Faces Flight Suspensions Amid Pilot Strike Notice

  Air Transat has announced it will gradually suspend flights starting Monday following a 72-hour strike notice issued by its pilots’ union. The Air Line Pilots Association (ALPA), representing roughly 700 pilots, delivered the notice after nearly a year of unsuccessful negotiations with the airline’s parent company, Transat A.T. Inc. Background The union filed the strike notice on Sunday, giving pilots the legal right to walk off the job as early as Wednesday. Last week, pilots voted 99% in favor of strike action , underscoring their frustration over stalled contract talks. ALPA leaders emphasized that pilots do not want to strike but feel compelled to act after management failed to meet demands for a modernized agreement. Airline Response Air Transat confirmed it will begin suspending flights gradually between December 8 and 9 to prepare for a possible full shutdown. The company stated it is working “around the clock” to reach a deal and minimize disruption for trave...
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Tariff Turmoil: Markets React as Trump Targets Key Trading Partners

                                              

U.S. stock index futures took a sharp hit on Monday after President Trump announced steep tariffs on imports from Canada, Mexico, and China. The new measures include a 25% duty on goods from Canada and Mexico and a 10% levy on Chinese products, sparking fears of an escalating trade war and its potential to disrupt global supply chains.

Dow futures fell by more than 500 points early in the session, while both S&P 500 and Nasdaq futures dipped by around 1.5% to 2%. The sudden drop reflects mounting concerns among investors that the tariffs could trigger retaliatory measures from the affected nations, further intensifying market volatility and potentially slowing economic growth.

Analysts warn that if the trade conflict intensifies, the resulting uncertainty may push inflation higher and force the Federal Reserve to reconsider its policy stance. With key economic data and quarterly earnings reports on the horizon, traders and investors are closely monitoring the situation for further clues about the future direction of the markets.

Globally, markets from Europe to Asia have also shown signs of strain, underscoring the broad impact of the U.S. tariff policy. As nations weigh their responses, the coming days will be critical in determining whether these moves mark the start of a broader trade confrontation or a temporary market correction.


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