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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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Dollar Slumps as Trump Escalates Trade Tensions with China

The U.S. dollar fell sharply on Friday after President Donald Trump threatened to impose a massive increase in tariffs on Chinese imports, reigniting fears of a renewed trade war between the world’s two largest economies.

Trump’s comments came just a day after Beijing expanded export controls on rare earth minerals, a move that Washington views as a strategic challenge to global supply chains. In a post on his social media platform, Trump also suggested he may cancel a planned meeting with Chinese President Xi Jinping, further rattling markets.

The dollar index dropped 0.4% to 98.99, while the euro and yen strengthened against the greenback. Commodity-linked currencies, including the Australian dollar, also weakened amid concerns over slowing global trade.

Market analysts warned that the escalation could weigh heavily on U.S. growth prospects. “Ultimately, it does create a lot of negativity for the U.S. economy,” said Juan Perez, director of trading at Monex USA.

Global equities also tumbled, with major indexes in North America, Europe, and Asia closing lower as investors braced for heightened geopolitical and economic uncertainty.


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