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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: Wall Street Wobbles Amid Auto Industry Shake-Up

 

Wall Street faced a turbulent day as President Trump's announcement of 25% tariffs on imported cars sent ripples through the stock market. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced declines, reflecting investor concerns over the potential economic impact of the tariffs.

Automakers were among the hardest hit, with General Motors and Ford seeing significant drops in their stock prices. Even U.S.-based manufacturers felt the strain due to their complex supply chains spanning North America. Meanwhile, electric vehicle makers like Tesla and Rivian fared better, as their production is largely U.S.-based.

The tariffs, set to take effect on April 2, have sparked fears of a trade war and raised questions about their long-term implications for the global economy. Investors remain cautious, with many bracing for further market volatility. 



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