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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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Wall Street Futures Sink as US-China Trade Clash Escalates


US stock futures tumbled on Tuesday as renewed trade tensions between Washington and Beijing rattled investor confidence.

Dow Jones Industrial Average futures slipped about 0.6%, while S&P 500 contracts dropped nearly 1%. The tech-heavy Nasdaq 100 led the decline, falling more than 1.4%.

The sell-off came after China announced new sanctions targeting US-linked shipping firms, a retaliatory move against recent US trade measures. The escalation undermined hopes that the world’s two largest economies might avoid a deeper trade war.

The timing added to market unease, with major Wall Street banks including Citigroup, Goldman Sachs, and JPMorgan set to report earnings this week. Analysts warn that heightened geopolitical risks could overshadow corporate results and weigh on broader sentiment.

Global markets had staged a brief rebound on Monday, but the latest flare-up has reignited volatility, particularly in technology and shipping-related stocks. Investors are now closely watching Federal Reserve Chair Jerome Powell’s upcoming remarks for clues on how policymakers may respond to mounting uncertainty.


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