FT News Briefing Canadian politics post-Trudeau
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Jan 8, 2025 Chinese airlines are aggressively expanding in Europe, capitalizing on opportunities amid western carrier retreats. The political landscape in Canada is shifting dramatically with Trudeau's resignation stirring internal dissatisfaction and speculation over potential successors. The Liberal Party faces tough polling ahead of a national election, considering a pivot to conservative policies. Lastly, Meta's decision to end third-party fact-checking aligns with emerging trends in content moderation, as Wall Street anticipates a resurgence in the IPO market.
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Chinese Airlines Surge in Europe
- European demand for Chinese airlines is soaring, particularly between China and Western Europe.
- This is largely due to Russia's 2022 airspace ban on most European airlines, increasing Western carriers' fuel costs and flight times.
Trudeau's Downfall
- Canada's Liberal Party seeks a new leader after Justin Trudeau's resignation.
- Years of political infighting, scandals, and a cost-of-living crisis contributed to his declining popularity.
Pandemic's Impact on Trudeau
- The COVID-19 pandemic and its economic fallout, including massive inflation, significantly impacted Trudeau's popularity.
- These factors, affecting global leaders, contributed to a decline in support for Trudeau.