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When London’s Heathrow airport is set to end daily passenger limits

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London’s Heathrow airport is set to end its daily passenger limits on departures

Ending at the end of this month, The Wall Street Journal is reporting that airlines have already been told about the changes.

Of course, this follows a turbulent summer of travel in the northern hemisphere, where staff shortages have plagued the sector.

To deal with the staffing crisis, Heathrow capped the number of passenger departures at 100-thousand a day.

But the cap was extended from July into October in a desperate bid to limit queues and baggage delays.

The sector has been crippled by the pandemic and labor shortages, with many airports and airlines struggling to hire enough staff to deal with the increased demand.

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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FirstCitizens agrees to buy Silicon Valley Bank

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FirstCitizens has agreed to buy Silicon Valley Bank in a multi-billion dollar deal

 
First Citizens BancShares has officially agreed to buy Silicon Valley Bank.

SVB was seized by regulators following a run on the lender.

First Citizens has now entered into a purchase and assumption agreement for all deposits and loans.

The deal includes the purchase of about $72 billion SVB assets at a discount of $16.5 billion.

The CEO of First Citizens says the deal “has been a remarkable transaction that should instil confidence in the banking system.”

Just two weeks ago, few people outside the tech industry had even heard of Silicon Valley Bank.

The midsize California lender imploded – shaking the foundations of the entire global financial system.

As clients withdrew $42 billion in the span of a single day, state and federal regulators were forced to swoop in and help. #trending #featured

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Brace for impact: Passenger activates emergency slide on Delta flight

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Passenger activates emergency slide on a Delta Air flight bound for Seattle

 
A scary situation for those passengers onboard Delta Air Flight 1714 after a passenger activated one of the aircraft’s emergency slides.

An individual has been arrested after opening one of the plane’s doors and exiting via the emergency exit slide as the crew prepared for takeoff from Los Angeles to Seattle.

The incident on the Delta flight took place around 10:40 a.m. local time on Saturday, while the plane was stationary at LA’s international airport.

The Boeing 737 was on the runway holding to taxi for takeoff when the passenger exited the aircraft.

The individual was initially detained by Delta staff before being arrested by local law enforcement.

The Federal Aviation Administration says customers are being reaccommodated on a new aircraft – apologising for any inconvenience and delay. #trending #featured

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Silicon Valley Bank could be saved as First Citizens swoops in

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First Citizens BancShares reportedly in talks to acquire Silicon Valley Bank following the collapse of the tech-heavy lender

First Citizens BancShares is in advanced talks to acquire Silicon Valley Bank following the collapse of the tech-heavy financial lender.

First Citizens could reach a deal before the day ends to purchase SVB from the Federal Deposit Insurance Corp.

Executives are yet to confirm or deny the reports.

Sources say no final decision has been made and talks could still fall through.

Of course, just a few weeks ago, few people outside the tech industry had even heard of Silicon Valley Bank.

The midsize California lender imploded – shaking the foundations of the entire global financial system.

As clients withdrew $42 billion in the span of a single day, state and federal regulators swooped in.

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