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Travel hopes dashed – BA announces thousands of flight cancellations

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British Airways cancels thousands of flights through the month of July

Britain’s biggest airline told airport slot authorities that it was cancelling more than 650 flights from Heathrow and Gatwick in a bid to avoid repeating last month’s overcrowding and chaos, according to The Telegraph.

“As the entire aviation industry continues to face into the most challenging period in its history, regrettably it has become necessary to make some further reductions.”

BRITISH AIRWAYS SPOKESPERSON

Airlines and airports across Britain are dealing with a staffing crunch.

Layoffs and redundancies made during the pandemic have come back to bite air operators as demand for air travel surges.

On Monday, EasyJet’s Chief Operations Officer, Peter Bellew, resigned from his post amid thousands of cancellations in June.

EasyJet’s Chief Operations Officer resigned on Monday following thousands of EasyJet flight cancellations leading up to July

An EasyJet spokesperson said that Mr Bellew had “resigned to pursue other business opportunities”.

On Sunday, footage emerged of an EasyJet flight being escorted by a Spanish Air Force jet.

Spanish authorities said it was in response to a bomb threat, which later turned out to be a hoax.

The EasyJet flight from London Gatwick to Menorca landed without incident.

Passengers were screened one by one and bomb disposal experts checked all luggage.

Spanish authorities said an 18-year-old British man had posted the bomb threat to his social media page and was detained.

An EasyJet spokesperson thanked passengers for their understanding but did not go into further details.

Simon is a ticker NEWS corespondent in London. Simon started his career in his hometown of Sydney as a news video producer for NineMSN, then moved to the UK with Good Morning Britain on ITV, followed by a TV reporter for a local news service in Manchester in England’s north. Simon joins ticker News after several years in the London headquarters of ITN Productions as a news producer, and as an assistant news editor for ITV News.

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ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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