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Ryanair, Brussels Airlines strikes disrupt Europe air travel
Ryanair, Brussels Airlines strikes disrupt Europe air travel
by  AFP

Strikes by staff at Ryanair and Brussels Airlines over pay and working conditions on Friday forced the cancelation of dozens of flights in Europe as the busy summer travel season gets underway. But the staff shortages have forced airlines to cancel flights, with German carrier Lufthansa cancelling more than 3,000 of them during the summer holidays.

European stocks, oil prices rebound
European stocks, oil prices rebound
by  AFP

European stock markets and oil prices recovered Friday following heavy losses this week on fears that interest rate hikes aimed at cooling decades-high inflation will spark a global recession. The slight recoveries come after global markets have been thrown into turmoil for months owing to soaring inflation, interest-rate hikes, the Ukraine war and China lockdowns.

Drought hits Italy's hydroelectric plants
Drought hits Italy's hydroelectric plants
by  AFP

Hydroelectric power in Italy has plunged this year thanks to a drought that has also sparked water restrictions and fears for agriculture, industry sources said Friday. An industry source told AFP that while the situation was constantly changing, estimates for the first six months of 2022 suggest nationwide hydroelectric generation will be almost half the equivalent period of 2021.

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