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Why is the travel industry experiencing chaos in Europe?

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Strikes and staff shortages have forced airlines across Europe to cancel thousands of flights

Many hoping for a great summer getaway are met with hours-long queues at major airports.

During the pandemic, when demand for travel came to a stop, there was a long period of job and pay cuts.

And now staff across the industry from pilots to baggage handlers are calling for better pay and working conditions

And some airlines have decided to increase wages, to get the wheels in motion and the plane in the air.

Airports and airlines having staff shortages are scrambling to recruit more personnel including pilots, security, border control staff and baggage handlers, as many quit their jobs or were let go during the COVID 19 lockdowns.  

In particular, the Aviation Industry is having a difficult time recruiting for physically demanding jobs, and for low paid work at airports often that are far from the city. 

The chaos has really hit airports around the world, with European airports and airlines taking the brunt of it.

There are currently negotiations on the way to help resolve these issues as workers call for more rights and better pay.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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