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Sick of hand luggage fees? So is Spain

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Spain’s Ministry of Consumer Affairs announced that it has launched an investigation into low-cost airlines regarding their hand luggage and other fees.

The investigation targets budget carriers like Ryanair, easyJet, and Vueling, without explicitly naming any specific airlines. These airlines charge passengers for hand luggage, particularly trolley bags larger than a certain size, and may impose additional fees for seat selection.

The concern raised by the ministry is that by separating such fees from the initial ticket prices, these airlines offer competitive prices in their advertisements that do not truly reflect the total cost paid by consumers. The practice of displaying lower base prices without including essential fees can mislead consumers into believing they are getting a better deal than they actually are.

If the investigation finds these airlines guilty of deceptive pricing practices, they could face fines of up to one million euros ($1.09 million), and potentially eight times the profit made from such fees if it exceeds one million euros.

“Abusive” fees

This issue is not new, as in 2019, a Spanish court ruled that Ryanair’s policy of charging a fee for hand luggage was “abusive.” However, Ryanair continued with its policy, citing the airlines’ commercial freedom to determine the size of their cabin baggage.

The investigation also highlights concerns about internet search engines potentially giving an unfair advantage to airlines that offer tickets excluding additional fees, making their prices appear more competitive than their competitors’ prices.

As of now, the investigation is ongoing, and further updates may come from the Ministry of Consumer Affairs as they continue to assess the practices of these budget airlines.

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Poland downs Russian drones amid airspace breach

Poland intercepted suspected Russian drones, sparking emergency meetings and military readiness amid tensions over Ukraine’s conflict.

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Poland intercepted suspected Russian drones, sparking emergency meetings and military readiness amid tensions over Ukraine’s conflict.


Poland has intercepted suspected Russian drones that entered its airspace during an attack on Ukraine.

Prime Minister Donald Tusk called the incident an act of aggression, prompting emergency meetings, heightened military readiness, and a temporary closure of Polish airports.

NATO leaders are preparing to meet and discuss possible collective action.

#Poland #Russia #NATO #UkraineWar #Geopolitics #TickerNews


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Oracle stock surges, pushing Ellison toward richest title

Oracle shares soar 43%, pushing Larry Ellison closer to top billionaire status amid AI cloud contract boom

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Oracle shares soar 43%, pushing Larry Ellison closer to top billionaire status amid AI cloud contract boom

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In Short:
– Oracle shares rose 43% to $345.69, nearing a trillion-dollar valuation after multi-billion-dollar contracts were announced.
– Co-founder Larry Ellison’s net worth increased to $392.6 billion, making him a contender for the world’s richest person.
Oracle shares surged 43% to a record high of $345.69, putting the company close to joining the trillion-dollar club.
This spike follows the announcement of four multi-billion-dollar contracts on Tuesday, indicating a shift towards increased computing capacity necessary for AI development.Banner

The surge boosts co-founder Larry Ellison’s net worth to approximately $392.6 billion, making him a contender for the world’s richest person, currently held by Elon Musk at $439.9 billion.

Oracle expects to see a market valuation around $913 billion if gains hold, contributing an additional $234 billion.

Market Dynamics

Oracle’s significant contracts include one with OpenAI for about $300 billion in computing power over five years.

The partnership is critical as Oracle aims to expand its market share, currently dominated by Microsoft, Amazon, and Google, which collectively hold 65%.

The company also supports AI startups, including xAI, founded by Musk, affirming its essential role in upcoming large-scale AI infrastructure projects, projected to reach $500 billion.


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Charlie Kirk has died following shooting at Utah university

Charlie Kirk shot during speech at Utah Valley University as law enforcement investigates the incident

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Charlie Kirk shot during speech at Utah Valley University as law enforcement investigates the incident

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In Short:
– Charlie Kirk, conservative commentator, was shot during a speech at Utah Valley University on Wednesday.
– Authorities are investigating the incident, with the community showing strong support for Kirk.

Charlie Kirk, a prominent conservative commentator, has died after he was shot while speaking at Utah Valley University on Wednesday.

The incident occurred around noon local time, with video footage circulating on social media showing the moment shots were fired.Kirk is the founder and CEO of Turning Point USA, a significant conservative youth organisation active across 3,500 college campuses.

He has been influential on the right and is known for his podcast and “Prove Me Wrong” debates.

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Kirk, 31, also played a key role in Donald Trump’s outreach to young voters during the 2024 election.

The university, located in Orem, Utah, is home to over 46,000 students, making it the largest in the state.

Ongoing Updates

Authorities are actively investigating the shooting, and further developments are expected.

Community response has been strong, with calls for prayers and support for Kirk following the incident.


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