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Airport chaos as shortages disrupt summer travel

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Airport chaos in Britain.

Staff shortages and labor strife are causing chaos at airports across Europe

Thousands of European flights have been cancelled, as workers strike during the busy summer season.

Pilots in Norway, Denmark and Sweden are planning industrial action later this month. Meanwhile, nearly a quarter of flights at Paris’ Charles de Gaulle have been cancelled.

German airline Lufthansa are also scrapping over 1,000 flights in July because of the staff shortages.

Aviation commentator Geoffrey Thomas says the world of pilots is not what it used to be.

“The pilots aren’t paid as well, they work longer hours and in more stressful conditions, particularly in low-cost airlines.”

AVIATION COMMENTATOR GEOFFREY THOMAS

The International Air Transport Association (IATA) believes pandemic-related shortages are dragging out, and causing the delays at several airports.

Some airports, like Dublin and Heathrow are recruiting additional screeners. Likewise, Schiphol in Amsterdam is raising staff wages.

Additional police will be hired in Spain to support passport control operations at busy airports.

“Working on the tarmac at an airport is one of the most dangerous operations in the world.”

AVIATION COMMENTATOR GEOFFREY THOMAS

Thomas believes a backlog in training is also causing disruptions, as holidaymakers seek to jet off for their summer break.

“Staff are wearing ear muffs and there’s all sorts of equipment moving at different speeds, it’s all very rushed to get airplanes turned around. To get someone to become a baggage handler, it takes months,” he says.

and tourist destinations including Madrid. read more

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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U.S. investors flee stock market for global opportunities

U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

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U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

U.S. investors are withdrawing money from domestic stocks at the fastest rate in 16 years, with $75 billion leaving equity products over the past six months. The trend accelerated in 2026, with $52 billion pulled from Wall Street so far.

Concerns over AI risks and weaker performance at home are prompting investors to look abroad, even though a softer dollar makes foreign investments more expensive. Emerging markets are seeing inflows at the fastest pace in five years, according to Bank of America.

As global opportunities become more attractive, many U.S. investors are now evaluating overseas markets for growth potential.

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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