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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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Global Oil Markets Rattle as Tariff Tensions Spark Price Drop



Oil prices plunged to their lowest level in five months after U.S. President Donald Trump threatened to sharply increase tariffs on Chinese imports. The announcement reignited fears of a prolonged trade war, sending shockwaves through global markets.

On Friday, West Texas Intermediate crude fell more than 4% to close at $58.90 per barrel, while Brent crude dropped nearly 4% to $62.73. Western Canada Select also slid about 3%, reflecting the broader downturn in energy markets. Analysts say the tariff threats have raised concerns about weakening global demand for oil, compounding pressure from rising OPEC production and geopolitical uncertainties.

The selloff extended beyond energy, with global stock markets also retreating as investors shifted to a risk-off stance. While lower oil prices could ease costs for consumers, the decline poses challenges for producers already navigating volatile market conditions.

For now, the energy sector faces renewed turbulence, with trade policy once again proving to be a powerful driver of global commodity prices.


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