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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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Bitcoin Rally Cools After 30% Surge Post-Trump Victory

 

The recent Bitcoin rally, which saw the cryptocurrency jump by approximately 30% following President-elect Donald Trump's victory, has started to cool off. Bitcoin reached a record high of $89,968 on Tuesday but has since stabilized around $87,900 as of Wednesday morning in London.

Trump's unexpected support for cryptocurrencies has been a significant factor in this surge. He has pledged to create a friendly regulatory framework for crypto, establish a strategic Bitcoin stockpile, and position the U.S. as a global hub for the industry. This shift in stance has spread optimism across the crypto market, leading to the recent price spike.

However, analysts caution that while further gains are possible, much of the positive news is already priced in. The market is now awaiting upcoming U.S. inflation data, which could influence the Federal Reserve's decisions on interest rates and impact Bitcoin's trajectory.

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