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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 Plunges as Trump Escalates Rare Earth Trade Clash with China

U.S. stocks endured their steepest decline since April after President Donald Trump threatened sweeping new tariffs on Chinese imports in response to Beijing’s tightening of rare earth export controls. In a series of posts on Truth Social, Trump warned of a “massive increase” in tariffs and suggested canceling his upcoming meeting with Chinese President Xi Jinping, intensifying fears of a renewed trade war.

The announcement rattled financial markets, sending the Dow Jones Industrial Average, S&P 500, and Nasdaq sharply lower. Investors, who had recently driven indexes to record highs, rushed to sell amid concerns that escalating tensions between the world’s two largest economies could weigh on global growth.

Rare earth minerals are critical to industries ranging from electric vehicles to defense technology, making the dispute particularly sensitive. Analysts cautioned that prolonged friction could disrupt supply chains and further unsettle already fragile investor sentiment.

The selloff underscores Wall Street’s vulnerability to geopolitical shocks, with trade uncertainty once again emerging as a dominant risk factor for markets.


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