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U.S. presses airlines to better help stranded travellers

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As travellers right across the United States continue to face delays and disruptions at the airport, the government is pushing airlines to do more

Transportation Secretary Pete Buttigieg is urging the nation’s 10 largest carriers to do more, calling the level of disruption travellers have faced this summer “unacceptable.”

Buttigieg is warning the government is contemplating new rules that “would further expand the rights of airline passengers,” like requiring refunds for delayed baggage.

Buttigieg said 24 percent of domestic flights have been delayed in the first half of the year, and urged airlines to assess customer service plans to better help customers facing flight delays or cancellations.

He asked airlines, “at a minimum to provide meal vouchers for delays of 3 hours or more and lodging accommodations for passengers who must wait overnight at an airport because of disruptions within the carrier’s control.”

Trade group Airlines for America said in a statement (quote) “Airlines want travelers to have a safe, seamless and positive travel experience and are working toward that goal every day.”

As of now, U.S. airlines are not legally required to provide meals or hotel rooms amid flight disruptions.

The Transportation Secretary is facing pressure from U.S. lawmakers who want him to do more to force airlines to provide better service.

Airlines say they have voluntarily reduced flights to improve service, ramped up hiring and argue that inadequate air traffic control staffing has routinely impacted flights.

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Is Bitcoin’s rally here to stay or just another bubble?

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A combination of institutional interest, economic uncertainty, growing acceptance, and technological progress is driving Bitcoin’s surge.

 
Many factors contribute to Bitcoin’s upward momentum. First and foremost, increasing institutional adoption plays a pivotal role. Major companies and financial institutions are showing growing interest in Bitcoin as an asset class, pouring significant investments into it. This legitimizes the cryptocurrency in the eyes of traditional investors.

Additionally, global economic uncertainty and inflation concerns are pushing individuals to seek alternative investments. Bitcoin, with its limited supply and decentralized nature, is emerging as a store of value and a hedge against economic turbulence.

Moreover, growing mainstream acceptance and awareness are fueling demand. More merchants are accepting Bitcoin as a form of payment, making it increasingly accessible to consumers.

Furthermore, technological advancements, such as the Lightning Network, are improving Bitcoin’s scalability and usability, enhancing its attractiveness as a digital currency. #featured #bitcoin

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Will Bitcoin ever be safe as houses?

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2024 may become the year that younger investors face this key question. Is it safer to invest in crypto, or to invest in property. Put another way, is Bitcoin as safes as houses?

 
Anticipated rate cuts in the coming year promise a soft landing for the economy, while the maturing crypto industry, now subject to increased regulations, becomes more appealing to a broader investor base. #featured #ticker today

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Volkswagen, Renault partner to create budget-friendly EVs

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Volkswagen and Renault are reportedly considering a groundbreaking collaboration to develop affordable electric cars.

This bold endeavor aims to make electric mobility accessible to a wider audience, addressing one of the key barriers to EV adoption: cost.

The automotive giants are exploring the possibility of co-developing a range of budget-friendly electric vehicles that combine Volkswagen’s engineering prowess with Renault’s electric technology.

This partnership seeks to challenge the dominance of higher-priced electric models, making emissions-free driving a reality for more consumers.

The potential synergy between these two industry giants could revolutionize the EV landscape.

By pooling resources and expertise, they hope to deliver electric cars that not only offer a competitive price point but also meet the stringent quality and safety standards expected from such renowned manufacturers.

As electric vehicles continue to gain traction, the question remains:

Will this collaboration between Volkswagen and Renault pave the way for a more accessible electric future, or will established players in the industry attempt to thwart their ambitions?

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