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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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Wall Street Ends a Volatile Week Almost Where It Started

 

After a tumultuous week that saw sharp swings and market uncertainty, Wall Street managed to claw back some losses and finish almost where it began. Here are the key takeaways:

  1. Steady Recovery: The S&P 500 index showed resilience, gaining 0.3% on Friday. This followed its best day since 2022, and it’s now close to erasing the brutal losses suffered earlier in the week.

  2. Mixed Performance: The Dow Jones Industrial Average also edged up by 25 points (0.1%), while the Nasdaq composite rose 0.2%. Both indexes are still on track for slight weekly losses.

  3. Market Factors: The Japanese yen’s sudden strengthening caused turbulence as traders scrambled out of a popular trade. Additionally, concerns about a slowing U.S. economy weighed on investor sentiment.

  4. Upcoming Reports: Next week, investors will closely watch updates on consumer spending at U.S. retailers. These reports could drive further market swings.

In summary, Wall Street weathered a stormy week, and while uncertainties remain, it’s poised for stability as we head into the next trading days. 


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