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Thomas Cook Goes Bankrupt Stranding 150,000 Holiday Makers

Most of Thomas Cook’s British customers are protected by the government-run travel insurance program. The program ensures holiday makers can get home if a British-based tour operator fails.

LONDON – British tour company Thomas Cook went bankrupt early Monday after failing to secure emergency funding. Leaving tens of thousands of holiday makers stranded abroad.

The British government said it would begin the process of repatriating holiday makers Monday. Government officials warned that delays for the holiday makes was inevitable.

British Civil Aviation Authority said Thomas Cook has ceased operating, its airlines will be grounded. Thomas Cooks 21,000 employees in 16 countries, including 9,000 in the U.K., will lose their jobs. Stranding 150,000 customers now on holiday makers across the globe.

The company blamed a slowdown in bookings because of Brexit uncertainty for contributing to its huge debt burden.

The British company said Friday it was seeking $250 million to avoid going bankrupt and was in weekend talks with shareholders and creditors.

Thomas Cook Executives Apologize to Holiday Makers

Cook’s chief executive, Peter Fankhauser, said in a statement Monday morning that he deeply regrets the shutdown.

“Despite huge efforts over a number of months and further intense negotiations in recent days we have not been able to secure a deal to save our business,” he said.

“I know that this outcome will be devastating to many people and will cause a lot of anxiety, stress and disruption.”

The British Civil Aviation Authority said it had arranged for the complex repatriation of 2019 holiday travelers. The effort, is expected to last two weeks.

“Due to the significant scale of the situation, some disruption is inevitable, the Civil Aviation Authority told the BBC. Saying they would endeavor to get 2019 holiday travelers home as close as possible to their planned dates.

British Transport Secretary said planes, had been hired to fly customers home. He said hundreds of people were staffing call centers and airport operations centers.

“The task is enormous, the biggest peacetime repatriation in U.K. history. So there are bound to be problems and delays,” he told the BBC.

Thomas Cook Holiday Travelers Held Hostage in Tunisia

Meanwhile as Thomas Cook customers anxiously wait to see if and how their holidays might be affected, some say they have already found themselves in “horrible” situations.

Customers at a hotel in Tunisia say they were prevented from leaving the property on Saturday unless they paid extra fees; thousands of pounds in some cases; to cover what the resort says it is owed by the tour operator.

“We’re being held hostage,” said Ryan Farmer, who staying at Les Orangers resort in Hammamet, Tunisia.

He told BBC Radio 5 Live the hotel asked everyone who was due to leave that day to come to reception. They were asked to pay “additional fees, obviously because of the situation with Thomas Cook.”

They had four security guards on the gates, holding the gates closed, and were not allowing anybody to leave,” he added.

Mr Farmer, who described the mood at the hotel as “horrible.” He said an elderly lady who had already paid for her 2019 holiday in full was made to pay an additional £2,000.

The gates of the hotel have since been opened, but one customer told the BBC they feared they may be closed again.

The holiday makers say they have been told not to pay the hotel by their Thomas Cook representatives. And that the British Embassy later became “involved” and had spoken to the hotel.

No official statement has been released by Thomas Cook. The company is telling customers via Twitter that it is aware some guests were asked to pay extra fees, adding: “We have refunded those customers who paid on their credit cards.”

The company has not commented on potentially refunding customers who may have paid through other methods.

Unions of Thomas Cook staff had urged the British Government to Intervene

Unions representing the Thomas Cook staff said they urged the British government to intervene. To prop up Thomas Cook to protect jobs and the traveling public.

British Prime Minister Boris Johnson told the BBC the government was right not to bail out the company. Arguing that travel firms should do more to ensure they don’t collapse.

Johnson said the government would help bring home the stranded British travelers. He said bailing out the company would established “a moral hazard. Saying in the future other firms might later expect the same treatment.

“We need to look at ways in which tour operators can protect themselves from such bankruptcies in future, Johnson said. “One is driven to reflect on whether the directors of these companies are properly incentivized to sort such matters out.”

Most of Thomas Cook’s British customers are protected by the government-run travel insurance program. The program ensures holiday makers can get home if a British-based tour operator fails.

 

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Marine Le Pen’s National Rally Wins the First Round in France 2024 Election

Marine Le Pen's far-right National Rally (RN) party scored historic gains in France

Exit polls in France showed that Marine Le Pen’s right-wing National Rally (RN) party made huge gains to win the first round of election on Sunday. However, the final outcome will depend on how people trade votes in the days before next week’s run-off.

Exit polls from Ipsos, Ifop, OpinionWay, and Elabe showed that the RN got about 34% of the vote. This was a big loss for President Emmanuel Macron, who called the early election after his party lost badly in the European Parliament elections earlier this month.

The National Rally (RN) easily won more votes than its opponents on the left and center, including Macron’s Together group, whose bloc was predicted to get 20.5% to 23% of the vote. Exit polls showed that the New Popular Front (NFP), a hastily put together left-wing alliance, would get about 29% of the vote.

The results of the exit polls matched what people said in polls before the election, which made Le Pen’s fans very happy. But they didn’t say for sure if the anti-immigrant, anti-EU National Rally (RN) will be able to “cohabit” with the pro-EU Macron in a government after the runoff election next Sunday.

Voters in France Angry at Macron

Many French people have looked down on the National Rally (RN) for a long time, but now it is closer to power than it has ever been. A party known for racism and antisemitism has tried to clean up its image, and it has worked. Voters are angry at Macron, the high cost of living, and rising concerns about immigration.

Fans of Marine Le Pen waved French flags and sang the Marseillaise in the northern French district of Henin-Beaumont. The crowd cheered as Le Pen said, “The French have shown they are ready to turn the page on a power that is disrespectful and destructive.”

The National Rally’s chances of taking power next week will rest on what political deals its opponents make in the next few days. Right-wing and left-wing parties used to work together to keep the National Rally (RN) out of power, but the “republican front,” which refers to this group, is less stable than ever.

If no candidate gets 50% of the vote in the first round, the top two candidates and anyone else with 12.5% of the registered voters immediately move on to the second round. The district goes to the person who gets the most votes in the runoff.

France is likely to have a record number of three-way runoffs because so many people voted on Sunday. Experts say that these are much better for the National Rally (RN) than two-way games. Almost right away on Sunday night, the horse trade began.

Macron asked people to support candidates who are “clearly republican and democratic.” Based on what he has said recently, this would rule out candidates from the National Rally (RN) and the hard-left France Unbowed (LFI) party. Leaders on the far left and the center left both asked their third-placed candidates to drop out.

Minority government

Jean-Luc Melenchon, leader of France Unbowed, said, “Our rule is simple and clear: not a single more vote for the National Rally.” But the center-right Republicans party, which split before the vote when some of its members joined the RN, didn’t say anything.

The president of the RN party, Jordan Bardella, who is 28 years old, said he was ready to be prime minister if his party gets a majority of seats. He has said he won’t try to make a minority government, and neither Macron nor the communist NFP will work with him.

“I will be a “cohabitation” Prime Minister, respectful of the constitution and of the office of President of the Republic, but uncompromising about the policies we will implement,” he said.

A few thousand anti-RN protesters met in Paris’s Republique square on Sunday night for a rally of the leftist alliance. The mood was gloomy.

Niya Khaldi, a 33-year-old teacher, said that the RN’s good results made her feel “disgust, sadness, and fear.”

“This is not how I normally act,” she said. “I think I came to reassure myself, to not feel alone.”

Election Runoff

The result on Sunday didn’t have much of an effect on the market. In early Asia-Pacific trade, the euro gained about 0.23%. Fiona Cincotta, a senior markets expert at City Index in London, said she was glad the outcome “didn’t come as a surprise.”

“Le Pen had a slightly smaller margin than some of the polls had pointed to, which may have helped the euro a little bit higher on the open,” she noted. “Now everyone is waiting for July 7 to see if the second round supports a clear majority or not. So it does feel like we’re on the edge of something.”

Some pollsters thought the RN would win the most seats in the National Assembly, but Elabe was the only one who thought the party would win all 289 seats in the run-off. Seat projections made after the first round of voting are often very wrong, and this race is no exception.

On Sunday night, Reuters reported there were no final results for the whole country yet, but they were due in the next few hours. In France, exit polls have usually been very accurate.

Voter turnout was high compared to previous parliamentary elections. This shows how passionate people are about politics after Macron made the shocking and politically risky decision to call a vote in parliament.

Mathieu Gallard, research head at Ipsos France, said that at 1500 GMT, nearly 60% of voters had turned out, up from 39.42% two years earlier. This was the highest comparable turnout since the 1986 legislative vote. It wasn’t clear when the official number of people who voted would be changed.

 

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Pakistan Seeks US Support for Counter-Terrorism Operation Azm-e-Istehkam

Pakistan

(CTN News) – Pakistan’s Ambassador to the United States, Masood Khan, has urged Washington to provide Pakistan with sophisticated small arms and communication equipment to ensure the success of Operation Azm-e-Istehkam, a newly approved counter-terrorism initiative in the country.

The federal government recently approved the reinvigorated national counter-terrorism drive, which comprises three components: doctrinal, societal, and operational.

Ambassador Khan noted that work on the first two phases has already begun, with the third phase set to be implemented soon.

Addressing US policymakers, scholars, and corporate leaders at the Wilson Center in Washington, Khan emphasized the importance of strong security links, enhanced intelligence cooperation, and the resumption of sales of advanced military platforms between Pakistan and the US.

He argued that this is crucial for regional security and countering the rising tide of terrorism, which also threatens the interests of the US and its allies.

“Pakistan has launched Azm-i-Istehkam […] to oppose and dismantle terrorist networks. For that, we need sophisticated small arms and communication equipment,” said Ambassador Khan.

Pakistan–United States relations

The ambassador observed that the prospects of Pakistan-United States relations were bright, stating that the two countries “share values, our security and economic interests are interwoven, and it is the aspiration of our two peoples that strengthens our ties.”

He invited US investors and businesses to explore Pakistan’s potential in terms of demographic dividend, technological advancements, and market opportunities.

Khan also suggested that the US should consider Pakistan as a partner in its diplomatic efforts in Kabul and collaborate on counterterrorism and the rights of women and girls in Afghanistan.

He stressed that the bilateral relationship should be based on ground realities and not be hindered by a few issues.

“We should not base our engagement on the incongruity of expectations.

Our ties should be anchored in ground realities, even as we aim for stronger security and economic partnerships. Secondly, one or two issues should not hold the entire relationship hostage,” said the ambassador.

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China Urges Taiwanese to Visit Mainland ‘Without Worry’ Despite Execution Threat

China Urges Taiwanese to Visit Mainland Without Worry Despite Threats

China has reassured Taiwanese citizens that they can visit the mainland “without the slightest worry”, despite Taiwan raising its travel alert to the second-highest level in response to Beijing’s new judicial guidelines targeting supporters of Taiwanese independence.

Last week, China published guidelines that could impose the death penalty for “particularly serious” cases involving “diehard” advocates of Taiwanese independence.

In response, Taiwan’s government urged the public to avoid “unnecessary travel” to mainland China and Hong Kong, and raised its travel warning to the “orange” level.

However, Zhu Fenglian, a spokeswoman for a Chinese body overseeing Taiwan affairs, stated that the new directives are “aimed solely at the very small number of supporters of ‘Taiwan independence’, who are engaged in malicious acts and utterances”.

She emphasized that “the vast majority of Taiwan compatriots involved in cross-strait exchanges and cooperation do not need to have the slightest worry when they come to or leave mainland China”.

“They can arrive in high spirits and leave fully satisfied with their stay,” Zhu added.

What’s Behind The China-Taiwan Tensions?

The tensions stem from the longstanding dispute over Taiwan’s status. Mainland China claims Taiwan as part of its territory and has refused to rule out using force to bring the democratic island under its control, while Taiwan sees itself as a sovereign state.

Beijing has not conducted top-level communications with Taipei since 2016, when the Democratic Progressive Party’s Tsai Ing-wen became Taiwan’s leader. China has since branded her successor, President Lai Ching-te, a “dangerous separatist”.

“The DPP authorities have fabricated excuses to deceive the people on the island and incite confrontation and opposition,” Zhu said in her statement.
Despite the political tensions, many Taiwanese continue to travel to mainland China for work, study, or business.

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