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Air Transat Faces Flight Disruptions as Pilot Strike Looms

  Air Transat has announced it will begin suspending flights starting Monday, December 8, following a strike notice issued by the Air Line Pilots Association (ALPA), which represents approximately 700 of the airline’s pilots. The union delivered a 72-hour strike notice on December 7, meaning pilots could walk off the job as early as 3 a.m. on Wednesday, December 10. The strike threat comes after nearly a year of negotiations between the pilots and Transat A.T. Inc., the Montreal-based parent company of Air Transat. Pilots are demanding a “modern contract” that includes industry-standard pay, benefits, work rules, and job security to replace their current agreement, which dates back to 2015. Air Transat has confirmed that it will gradually suspend flights between December 8 and 9 in preparation for the potential work stoppage. The airline emphasized that it is working around the clock to reach a deal and minimize disruption for passengers, but acknowledged that cancellations are...
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Market Meltdown: Dow Plunges 900 Points Amid Recession Fears

                                                  

The U.S. stock market experienced a sharp downturn on Monday, with major indices posting significant losses as concerns over a potential recession gripped investors. The Dow Jones Industrial Average dropped nearly 900 points, marking a 2.08% decline, while the tech-heavy Nasdaq Composite suffered its worst day since 2022, falling 4%. The S&P 500 also slid 2.7%, reaching its lowest level in six months.

The sell-off was driven by growing uncertainty surrounding tariff policies and their potential impact on the economy. Comments from President Trump over the weekend, describing the current economic situation as a "period of transition," further fueled market jitters. Key technology stocks, including Tesla, Nvidia, and Alphabet, led the declines, with Tesla experiencing a 15% drop.

Investors sought refuge in defensive sectors such as utilities and consumer staples, while Treasury yields fell amid expectations of a slowdown. The market's volatility index spiked, reflecting heightened fear among traders.


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