Money

Airport chaos as shortages disrupt summer travel

Published

4 years ago

June 10, 2022

Costa Haritos

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

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

3 hours ago

February 18, 2026

Harvey Vargas

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

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#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

3 hours ago

February 18, 2026

Harvey Vargas

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

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Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

23 hours ago

February 17, 2026

Harvey Vargas

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

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