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Channel Tunnel Chaos Enters Day Two as Power Fault Drags On

The disruption, caused by a fault in the system's overhead power supply, on Tuesday upended plans for thousands of passengers in London, Paris, Brussels and Amsterdam. Rail passengers travelling between the UK and mainland Europe are enduring a second day of major disruption after a power failure shut down the Channel Tunnel, halting both Eurostar and LeShuttle services. The fault, linked to the overhead power supply, brought traffic to a standstill and left thousands of travellers stranded on both sides of the Channel. Although some services have begun to move again, operators warn that delays and cancellations will continue while engineers work to stabilise the system. Eurostar has urged passengers to avoid travelling unless essential, as many trains remain suspended or heavily delayed. LeShuttle customers are also facing long queues, with significant backlogs reported at both Folkestone and Calais. The timing has added to the frustration, hitting one of the busiest travel per...
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World Markets Anticipate Potential Trump White House Return

 

Investors worldwide are on edge as the specter of Donald Trump’s return to the White House looms large. Following Super Tuesday, which confirmed the November U.S. election showdown between Trump and incumbent Joe Biden, several critical flash points have emerged, capturing the attention of global markets.

Any escalation in trade tensions between the U.S. and major economies could send shockwaves through world equity markets, currently hovering near record highs. European Union policymakers fear that Trump might reimpose tariffs on European steel and aluminum—tariffs that Biden had previously suspended. Additionally, concerns arise about potential tariffs on EU curbs related to U.S. tech giants. Trump’s threat of imposing 60% tariffs on Chinese goods could significantly impact China’s GDP, especially when combined with stricter tariff enforcement. During his previous presidency, Trump imposed tariffs on $200 billion worth of Chinese goods, which remained in place under Biden. Bilateral trade initially dipped but rebounded during the pandemic surge in U.S. demand for electronics. However, recent tensions due to the Ukraine conflict have slowed this growth. China’s yuan and equities may bear the brunt if Trump’s tariff threats materialize.

Historically, U.S. stocks tend to end the year positively, regardless of the election outcome. However, the journey can be rocky. A divided Congress could temper policy plans for both candidates. Biden is expected to focus on renewable energy, while Trump might scrap electric vehicle subsidies and prioritize tax cuts. If Trump embarks on a “revenge tour,” the dollar could weaken, inflation might rise, and bond yields could climb, impacting investment decisions.

As the world watches, the question remains: Will Trump’s potential return reshape global markets or maintain the status quo?

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