Time: 2024-07-20
A Global IT Outage has caused chaos in various industries , notably affecting airlines and leading to widespread cancellations and delays . The outage has been linked to a flawed security update from cybersecurity company CrowdStrike , resulting in crashes and disruptions across Microsoft systems . CrowdStrike CEO George Kurtz has issued a public apology for the incident , and a fix has been deployed . However , experts warn that the manual nature of the fix could lead to prolonged downtime for some systems.
In response to the outage , major airlines like American Airlines , Delta , and United have grounded their fleets , causing significant disruptions in global travel . Airports worldwide , including those in Australia , India , Japan , and Hong Kong , have reported major issues as a result of the IT failure . Additionally , businesses such as hotels have encountered difficulties processing payments , further exacerbating the impact of the outage.
The hotel industry continues to face challenges , with recent data showing year - over - year declines in performance for the week ending July 13 . This trend , reminiscent of pre - pandemic patterns , has been observed across all chain scales . The shift in travel market share towards alternative accommodations and cruises has further compounded the struggles faced by traditional hotels . The increasing popularity of outbound international travel has also contributed to the industry 's difficulties.
The UK Office for National Statistics has revealed that the country 's public sector net debt has reached its highest point since the early 1960s . The debt levels , estimated at 99.5 % of GDP as of June 2024 , represent a significant increase compared to the previous year . The newly elected government , led by the Labour Party , faces pressure to address the economic challenges inherited from the previous Conservative administration . Chief Secretary to the Treasury , Darren Jones , has emphasized the government 's commitment to tackling the issue promptly.
Efforts to eliminate taxes on tips in the United States have gained momentum , with bipartisan support emerging for the initiative . The proposal , which aims to relieve millions of restaurant and hotel employees who rely on tips for their livelihood , has garnered attention at the 2024 Republican National Convention . The idea has received backing from Democratic senators in Nevada , a state known for its hospitality industry . The push to end tax on tips highlights the importance of supporting workers in service - oriented sectors.
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