warns

A gauge of risk on Oracle Corp.’s debt reached a three-year high in November, and things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree, according to Morgan Stanley.

A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage. The cost of insuring Oracle Corp.’s debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services.

The price on the five-year credit default swaps is at risk of toppling a record set in 2008 as concerns over the company’s borrowing binge to finance its AI ambitions continue to spur heavy hedging by banks and investors, they warned in a note Wednesday.

The CDS could break through 1.5 percentage point in the near term and could approach 2 percentage points if communication around its financing strategy remains limited as the new year progresses, the analysts wrote. Oracle CDS hit a record 1.98 percentage point in 2008, ICE Data Services shows.

A representative for Oracle declined to comment.

Oracle is among firms taking part in an artificial intelligence spending race, which has quickly made the data center giant the credit market’s barometer for AI risk. The company borrowed $18 billion in the US high-grade market in September. Then in early November, a group of about 20 banks arranged a roughly $18 billion project finance loan to construct a data center campus in New Mexico, which Oracle will take over as tenant.

Banks are also providing a separate $38 billion loan package to help finance the construction of data centers in Texas and Wisconsin developed by Vantage Data Centers, Bloomberg reported last month. Lenders involved in these construction loans linked to Oracle are likely a key driver of the surge in trading volume on the Oracle’s CDS recently, a trend that may persist, according to Morgan Stanley.

“Over the past two months, it has become more apparent that reported construction loans in the works, for sites where Oracle is the future tenant, may be an even greater driver of hedging of late and going forward,” wrote the analysts.

There is a risk that some hedges by banks could unwind if and when banks distribute these loans to other parties, they wrote. Still, other parties may also hedge at some point even if down the road plus the construction debt funding needs don’t stop after the Vantage sites and the New Mexico site.

Last month, the analysts said they expect near-term credit deterioration and uncertainty to drive further hedging by bondholders, lenders and thematic players.

“The bondholder hedging dynamic and also the thematic hedging dynamic could both grow in importance down the road,” they added.

Oracle CDS have underperformed the broader investment-grade CDX index and Oracle corporate bonds have underperformed the Bloomberg high-grade index amid the jump in hedging demand and the weakening sentiment. Concerns have also started to weigh on Oracle’s stock, which the analysts said may incentivize management to outline a financing plan on the upcoming earnings call, including details on Stargate, data centers and capital spending.

The analysts had previously been recommending investors buy Oracle bonds and CDS in what is known as a basis trade, to profit from their expectation that credit derivatives would widen more than the bonds. Now they’re saying it’s a cleaner trade to just buy the CDS outright.

“Therefore, we are closing the ‘buy bond’ part of the basis trade, and keeping the ‘buy CDS protection’ leg of it,” they wrote. “We think a trade in CDS outright is cleaner right now and will result in a greater spread move.”

Larry Ellison, Oracle’s chairman of the board, is backing his son David Ellison’s bid to acquire Warner Bros Discovery, which is also considering offers from Netflix and Comcast.

Mutua writes for Bloomberg.

Pope Leo XIV hailed Turkiye as a bridge between cultures and religions, as he began his first foreign visit since becoming pontiff. He warned the future of humanity was at stake as a result of escalating conflicts. The Pope will also visit Lebanon during his tour.

Talks in Geneva between the US and Ukraine aimed at ending the war with Russia have concluded, with officials from both sides reporting “progress” and an intention to continue working.

However, no details have emerged on how to bridge the considerable divide between Moscow and Kyiv over territorial issues and security guarantees for Ukraine.

Ukraine’s president Volodymyr Zelensky welcomed the “important steps” that had been made but warned that the “main problem” facing the peace talks was Vladimir Putin’s demand for legal recognition of Russian-occupied territories in eastern Ukraine.

“This would break the principle of territorial integrity and sovereignty,” he said, highlighting concerns that Moscow could be rewarded for its aggression with land it seized by force.

Meanwhile, President Donald Trump suggested on social media that “something good just may be happening”, but with the caveat: “Don’t believe it until you see it.”

The Geneva talks did not involve Russian representatives and the Kremlin said it hadn’t received any information on the outcome of the discussions. Spokesman Dmitri Peskov noted Moscow was aware that “adjustments” were made to the plan that had been welcomed by Putin.

A 28-point peace plan drafted by US and Russian officials was presented to Ukraine last week. Several of its elements seemed heavily geared towards Moscow’s longstanding demands, sparking consternation in Kyiv and its European allies.

Comments by Trump which suggested Ukraine had until Thursday to accept the deal or face serious cuts in US support contributed to creating a sense of urgency across Europe and talks between Ukraine and US officials were hastily convened.

By Sunday evening US Secretary of State Marco Rubio said a “tremendous” amount of progress had been made at the talks. “I honestly believe we’ll get there,” he said.

But some European leaders have been more cautious. “I am not sure if we are closer to peace,” Polish Prime Minister Donald Tusk said, while German Chancellor Friedrich Merz said discussions would be a “lengthy, long-lasting process” and that he did not expect any breakthroughs this week.

Europeans were left scrambling for a seat at the table last week, after they were seemingly caught unawares when the US draft peace plan was presented.

A counter-proposal – reportedly drafted by Britain, France and Germany – excluded any recognition of Russian-held regions, raised Ukraine’s allowed army size and left the door open to Ukraine joining Nato.

Rubio said he was not aware of the plan and on Monday Kremlin foreign policy aide Yuri Ushakov rubbished it as “completely unconstructive”.

Since launching its full-scale invasion of Ukraine in 2022, Russia has consistently demanded full Ukrainian withdrawal from the whole of the eastern Donbas region.

But Kyiv and its European partners are weary of any settlement which would jeopardise the principles of territorial integrity and sovereignty – and Zelensky has repeatedly warned that giving up the Donbas would leave Ukraine vulnerable to Russian attacks in the future.

Despite last week’s frenzied diplomacy the next steps in the process are unclear.

The expectation is that Zelensky will soon personally speak to Trump, after which a new draft peace plan will be eventually presented to Moscow. There were no plans for a meeting this week between Russian and US negotiators, the Kremlin said.

British Prime Minister Sir Keir Starmer said there was still work to do for a “just and lasting peace” in Ukraine. A virtual “coalition of the willing” meeting will take place on Tuesday to discuss developments, he added.

President Lee Jae Myung has warned risks of accidental clashes with North Korea, saying Seoul must continue to make efforts with patience to resume dialogue with Pyongyang to reduce such risks.

Lee gave the assessment on inter-Korean relations at a press conference aboard his flight from Johannesburg to Ankara on Sunday (local time), as part of his four-nation trip to Africa and the Middle East.

Inter-Korean relations have turned extremely hostile and confrontational, and North Korea is engaging in very extreme actions without even the most basic level of trust,” Lee told reporters. “We are in a very dangerous situation where accidental clashes could break out at any time.”

He renewed his call for dialogue after Seoul proposed military talks to clarify the Military Demarcation Line (MDL), aimed at preventing unintended clashes near the border. The proposal came amid repeated incidents of North Korean soldiers briefly crossing the MDL while clearing land or laying mines in the buffer zone.

Lee noted that the North has been installing triple layers of barbed wire along the MDL, raising the risk of warning-fire incidents amid differing views on the precise border line.

“With all communication channels severed, even if an accidental clash occurs, there is no way to resolve it,” he said.

To ease tensions on the Korean Peninsula, Lee underscored the need to push for dialogue with Pyongyang even if it remains unresponsive.

While reaffirming unification with North Korea is South Korea’s ultimate goal, Lee said it must be approached from a long-term perspective.

“We have no intention of pursuing unification by absorption,” he said, emphasizing that discussions on unification should come only after dialogue resumes and peaceful coexistence is established.

Asked whether South Korea could consider curtailing its joint military drills with the United States to bring Pyongyang to the negotiating table, Lee said it is premature to draw conclusions, calling the matter “the most sensitive” issue for North Korea.

He said that while a stable peace regime in which large-scale exercises are unnecessary would be desirable in the long term, decisions on drills should depend on evolving circumstances.

“If a stable peace regime is firmly established between the two Koreas, it would be desirable not to conduct the drills,” he said. “Depending on the situation, reducing or postponing the exercises could become either the result of building a peace regime or leverage to help create one. It is difficult to say at this moment which it will be.”

Pyongyang has long denounced the Seoul-Washington exercises as “war rehearsals,” while the allies claim they are defensive in nature.

On relations with China, Lee reiterated that South Korea should stably manage ties with its largest trading partner while advancing the alliance with the U.S. to a strategic comprehensive one encompassing the economy and technology.

“The basic principle of our diplomacy is the Korea-U.S. alliance, while stably managing relations with China,” he said. “The foundation of this approach is pragmatic diplomacy centered on national interests. I have clearly communicated this principle to both the U.S. and China.”

Regarding the diplomatic row between Beijing and Tokyo over Japanese Prime Minister Sanae Takaichi’s recent remarks on Taiwan, Lee called for a “cool-headed approach” guided by national interest.

He said he held separate talks with Takaichi and Chinese Premier Li Qiang on the sidelines of the Group of 20 (G20) summit in South Africa to prevent misunderstandings or conflict.

“I have explained our position in the two meetings,” he said, adding that “there are no additional risk factors” in South Korea’s relations with the neighboring nations.

South Korea, China and Japan reportedly had consultations to arrange their first trilateral summit since May 2024. But the outlook for trilateral engagement remains cloudy amid a diplomatic row between Tokyo and Beijing.

Lee said leaders he met on the sidelines of the G20 summit in South Africa and visits to the United Arab Emirates (UAE) and Egypt showed strong interest in South Korea’s defense industry.

“In particular, they were interested in joint development, production, sales and exploring new markets,” he said.

He expressed optimism in clinching a major defense deal from the UAE following his summit with President Mohamed bin Zayed Al Nahyan last week.

Lee also said Egyptian President Abdel Fattah El-Sisi outlined plans to expand Cairo International Airport under an estimated cost of around 3-4 trillion won (US$2-2.7 billion), while expressing hope that Korean companies would join the project to overhaul and operate it.

In Johannesburg, Indian Prime Minister Narendra Modi proposed establishing a cooperative framework in the shipbuilding industry involving South Korea, Japan and India, Lee added.

Ahead of his summit with Turkish President Recep Tayyip Erdogan on Monday, Lee said he wants to highlight Korea’s advanced nuclear energy capability to promote the state-run Korea Electric Power Corp. (KEPCO)’s bid to win a new nuclear plant project in Turkey.

In 2023, KEPCO submitted a preliminary bid to Turkey’s project to build its second nuclear power plant in Sinop on the Black Sea coast.

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Nov. 20 (UPI) — Toys that use AI to interact with children might seem like a fun idea, but one organization is warning against them.

The nonprofit Fairplay released an advisory Thursday warning parents to avoid artificial intelligence-based children’s toys this holiday season.

AI toys are chatbots embedded in children’s toys — such as plushies, dolls, action figures, or kids’ robots — and use AI technology designed to communicate like a friend.

Examples include Miko, Curio Interactive’s Grok and Gabbo, Smart Teddy, FoloToy’s Kumma bear, Roybi and Keyi Technology’s Loona Robot Dog. Some of the toys are marketed to children as young as infants, Fairplay said in a statement.

“It’s ridiculous to expect young children to avoid potential harm here,” said Rachel Franz, a Fairplay program director, in a statement to NPR.

“Young children are especially susceptible to the potential harms of these toys, such as invading their privacy, collecting data, engendering false trust and friendship, and displacing what they need to thrive, like human-to-human interactions and time to play with all their senses. These can have long and short-term impacts on development,” she said

Singapore-based FoloToy suspended sales of its Kumma bear after it was found to give inappropriate advice to children, CNN reported Wednesday. The bear’s chatbot talked about sexual fetishes, how to find knives in the home and how to light a match.

FoloToy CEO Larry Wang told CNN that the company had withdrawn Kumma and its other AI toys and is now “conducting an internal safety audit.”

The Toy Association, which represents toy manufacturers, told NPR that toys sold by responsible manufacturers and retailers must follow more than 100 strict federal safety standards and tests, including the Children’s Online Privacy Protection Act, which governs children’s privacy and data security online.

“The Toy Association urges parents and caregivers to shop only from reputable toymakers, brands, and retailers who prioritize children’s safety above all else,” the statement said. The organization added that it offers safety tips for AI and other connected products.

Fairplay offered more reasons that AI toys are not safe for children.

AI toys are usually powered by the same AI that has already harmed children, and young children who use them are less equipped to protect themselves than older children and teens, Fairplay said.

AI chatbots have caused children to use them obsessively, engaged in explicit sexual conversations, and encouraged unsafe behaviors, violence against others, and self-harm.

AI toys may sabotage children’s trust by pretending to be trustworthy companions or “friends.” Young children are likely to treat connected toys and devices as if they were people and develop an emotional attachment to them.

These “relationships” can disrupt children’s real relationships and resilience by offering “genuine friendship,” which isn’t possible from a machine.

Probably most concerning is that AI toys can invade family privacy by collecting sensitive data using audio and video recording, speech-to-text technology, and even voice, gesture, and facial recognition software, Fairplay said.

A child might talk to the toy and tell it their personal thoughts, emotions, fears, and desires, which will be delivered to a third party. They could also record private family conversations or record other children in the room.

Some toys even have facial recognition and video recording, which could take video of children in the bath or getting dressed.

Audience members applauded the financial journalist during last night’s The Martin Lewis Money Show Live when he challenged fashion brand Evans and restaurant chain Carluccio’s

Martin Lewis fired a direct warning to two well-known high street brands last night — insisting he has reported them to Trading Standards.

The money guru said fashion brand Evans and restaurant chain Carluccio’s have failed to change information on their websites about returns, claims he found were inaccurate after an investigation in the summer. Some 30 companies were identified by the broadcaster as misleading shoppers in July but, following Martin’s work, the majority swiftly amended their websites.

Two firms are no longer in business, which as of last night left Evans and Carluccio’s. Presenting The Martin Lewis Money Show Live on ITV, Martin looked directly at a camera and said: “Evans and Carluccio’s, you are wrong. Your websites are misleading, change them please. I have reported you to Trading Standards.”

The audience in Manchester clapped warmly at the tirade, which came amid a segment around consumer rights as Brits hit towns and cities for Christmas shopping. Martin informed the audience and viewers of their legal stances when it comes to returns and refunds, some of which appeared to surprise the crowd last night.

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Martin’s website, Money Saving Expert, lists the 30 companies and their misdemeanours, as uncovered in July. The majority of these have changed their websites since the article.

But the table states Evans, owned by the Arcadia Group, says words to the effect of: “Standard returns policy is 21 days for online orders.” However, Martin’s website states what it gets wrong. It says: “You have 14 days to change your mind, then a further 14 days to return the item, so a maximum of 28 days.”

And the table shows Carluccio’s, a chain of Italian restaurants which also offers gifts in its online shop, says word to the effect of: “You can return goods to Carluccio’s Online within 14 days of delivery.” Money Saving Expert writes beside this: “You have 14 days from delivery to change your mind, then a further 14 days to return the item.”

Martin’s team researched more than 400 of the UK’s most popular retail brands and had found 30 list online return policies which suggest customers have fewer rights than the law prescribes. It misled shoppers over their statutory return rights, and areas of their websites listed harsher criteria than the law requires them to offer. HMV, Home Bargains and The Range were among guilty parties but, in his show last night, Martin was quick to point out these have since corrected their websites.

The Mirror has contacted Evans and Carluccio’s for comment. The Martin Lewis Money Show Live said it too had approached the businesses before broadcast.

The head of the UN migration agency says more than 10 million people have been forced to flee their homes in Sudan because of the war between the Sudanese army and the paramilitary Rapid Support Forces. The agency says humanitarian operations in North Darfur are on the brink of collapse.

The engineering works are set to disrupt trains on Saturday, November 15, and Sunday, November 16

A major London airport has issued an alert regarding scheduled engineering works in November. No Heathrow Express or Elizabeth Line train services will operate to or from Heathrow Airport on two days this week.

In a message to X, formerly Twitter, London Heathrow Airport said: “Due to planned engineering works, there will be no Heathrow Express or Elizabeth line train services to/from Heathrow on Sat 15 & Sun 16 November 2025. @TfL Piccadilly Line services to/from #Heathrow will be running as normal. Please plan your journey in advance as other services will be busier than normal.”

A similar alert has appeared on National Rail’s website, urging travellers to use the network’s Journey Planner to identify the most suitable routes. It also noted several other travel disruptions happening this weekend, in addition to the cancellation of Heathrow Express and Elizabeth line services to the airport.

Regarding the Elizabeth line specifically, the National Rail site reads: “No trains will run to / from Heathrow Airport. Services between Shenfield and London Paddington (and beyond) will run between Shenfield and London Liverpool Street (high level) only.

“Services between Abbey Wood and London Paddington (and beyond) will not run. There will be an amended and reduced service between London Paddington and Hayes & Harlington / Maidenhead / Reading.

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“Please note that trains will run to / from the high level of London Paddington station. On Sunday, until 07:00, trains will only run between Ealing Broadway and Hayes & Harlington / Maidenhead / Reading.”

It also added: “There will be no Heathrow Express service.” More than 20,000 miles of track, 45,000 bridges and tunnels and 65,000 level crossings make up our national network, according to National Rail.

This weekend, engineering work will occur between Hayes & Harlington and Heathrow Airport.

Like National Rail, Heathrow Airport also provides its own online Journey Planner to help travellers organise their routes. The tool allows people to enter their postcode or local station address alongside the location of a Heathrow terminal before calculating the travel distance between them.

For more information, please visit Heathrow Airport’s website by clicking here or National Rail’s website here.

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Climate-related disasters and conflict have displaced millions of people across the globe, the United Nations has warned before the opening of its annual climate change conference.

The UN’s High Commissioner for Refugees (UNHCR) said in a report, published on Monday to coincide with the launch of the 30th annual UN Climate Change conference (COP) in Brazil, that weather-related disasters caused about 250 million people to flee their homes over the past decade.

The migration agency issued its second major report on the effect of climate change on refugees – No Escape II: The Way Forward – in the run-up to COP 30, as it appears that the enthusiasm of countries to agree action to curb climate change continues to ebb.

“Over the past decade, weather-related disasters have caused some 250 million internal displacements – equivalent to over 67,000 displacements per day,” the report said. 

The UNHCR added that climate change is also increasing the difficulties faced by those displaced by conflict and other driving forces.

“Climate change is compounding and multiplying the challenges faced by those who have already been displaced, as well as their hosts, particularly in fragile and conflict-affected settings,” it continued.

Floods in South Sudan and Brazil, record heat in Kenya and Pakistan, and water shortages in Chad and Ethiopia are among the disasters noted in the report.

The number of countries facing extreme exposure to climate-related hazards is projected to rise from three to 65 by 2040.

Those 65 countries host more than 45 percent of all people currently displaced by conflict, it added.

“Extreme weather is … destroying homes and livelihoods, and forcing families – many who have already fled violence – to flee once more,” UN refugees chief Filippo Grandi said in a statement.

“These are people who have already endured immense loss, and now they face the same hardships and devastation again. They are among the hardest hit by severe droughts, deadly floods and record-breaking heatwaves, yet they have the fewest resources to recover,” he said.

By 2050, the report reads, the hottest 15 refugee camps in the world – in The Gambia, Eritrea, Ethiopia, Senegal and Mali – are projected to experience nearly 200 days of hazardous heat stress per year.

Weakening commitment

The refugee agency’s report emphasised that while the effect of climate change is growing, the commitment towards dealing with it has been weakening.

The UNHCR hopes to reawaken efforts to fight the effects at the conference in Brazil.

Under President Donald Trump, the United States, traditionally the world’s top donor, has slashed foreign aid.

Washington previously accounted for more than 40 percent of the UNHCR’s budget. Other major donor countries have also been tightening their belts.

“Funding cuts are severely limiting our ability to protect refugees and displaced families from the effects of extreme weather,” Grandi said.

“To prevent further displacement, climate financing needs to reach the communities already living on the edge,” he said. “This COP must deliver real action, not empty promises.”

About 50,000 participants from more than 190 countries will meet in Belem, in the Amazon rainforest, to discuss curbing the climate crisis.

One topic on the agenda exposing the difficulties of agreeing on global action is the European Union’s Carbon Border Adjustment Mechanism (CBAM).

The policy is designed to prevent “carbon leakage” by requiring importers of carbon-intensive goods like steel and cement to pay the same price for embedded emissions that EU producers face domestically.

While the EU promotes CBAM as a necessary environmental tool to encourage greener practices, critics of the policy, including major trading partners like the US and China, view it as a veiled act of protectionism.

Developing nations, meanwhile, are concerned that it unfairly shifts the financial burden of climate action onto them.

Nov. 9 (UPI) — U.S. Transportation Secretary Sean Duffy warned Sunday that Thanksgiving air travel would slow considerably.

Amid the continued federal government shutdown and upcoming travel season, he also said that Defense Secretary Pete Hegseth offered military reserves of air traffic controllers to help mitigate the shutdown-linked staffing shortage.

As of early Sunday morning, more than 1,100 flights had been canceled, which follows more than 1,500 that were cancelled and 6,4000 that were delayed, ABC reported.

The Federal Aviation Administration has ordered airlines to cut flights by 10% by Nov. 14 to mitigate air safety concerns amid the shortage of air traffic controllers.

Duffy said in an interview with “Fox News Sunday” that Hegseth texted him Saturday with the offer, but that he did not know if the air traffic controllers could be deployed.

“But he’ll step in and try to provide some relief in the skies,” Duffy said. “We’re trying to minimize the pain for the American people.”

Duffy said that he anticipated “very few” air traffic controllers showing up for work over the holiday, choosing to be with their families as they continue to work unpaid.

The federal government shutdown that began on Oct. 1 has entered its sixth week, becoming the longest in U.S. history, as lawmakers in Washington remain at an impasse over funding for the new fiscal year.

The stalemate is over expiring healthcare tax credits from the Affordable Care Act. Democrats want to extend these subsidies before reopening the government, while Republicans refuse to discuss policy until a funding bill passes.

The funding lapse has led to the furlough of hundreds of thousands of federal employees and is forcing many others, including military personnel and air traffic controllers, to work without pay. But many air traffic controllers have chosen not to appear for work.

Disruptions have deepened nationwide, including slowdowns at airports, closures of national parks and cultural institutions and growing uncertainty over food assistance programs for millions of Americans.

“I think we have to be honest about where this is going,” Duffy said. “It doesn’t get better, it gets worse until these air traffic controllers are going to be paid.”

OVER 1,700 flights have already been canceled across the country this weekend as officials warn Thanksgiving will be hit by travel chaos.

It comes as the US endures its longest government shutdown in history and federal aviation officials order 40 major airports to slash services due to staffing shortages.

Transportation Secretary Sean Duffy has vowed on X to “keep the skies safe” by using every tactic at his disposal, which he said will see travelers increasingly hit with delays and cancelations.

On Friday he warned that even if the government shutdown ended now, Thanksgiving air travel would still be impacted.

“So if the government opens on Day 1, will I see an immediate response from controllers? No, the union is telling me it’s going to take time to get them all back in,” Duffy told CNN.

At the time of writing, the number of canceled flights for today alone already stands at 957, according to FlightAware, and at least 8,442 are delayed.

Sunday already has at least 838 flight cancelations and 213 delays.

Duffy confirmed in a joint statement with the Federal Aviation Administration on Friday that cuts to services will increase across this weekend and into next week.

“We are seeing signs of stress in the system, so we are proactively reducing the number of flights to make sure the American people continue to fly safely,” FAA Administrator Bryan Bedford said.

“The FAA will continue to closely monitor operations, and we will not hesitate to take further action to make sure air travel remains safe.”

The statement noted a 4% cut in operations on Friday, “ramping up to 6% by November 11, 8% by November 13, and 10% by November 14”.

This percentage of cuts could rise to 15% or 20% if the government shutdown does not end “relatively soon,” Duffy warned when speaking to Fox News.

Major airlines have already tried to do damage control by announcing cancelations ahead of time.

On Friday, American Airlines told CNN it would cut 220 flights from its Saturday services.

United Airlines confirmed hundreds of cuts across the weekend through to Tuesday, and Southwest has axed approximately 100 flights on Saturday and 150 on Sunday.

Travelers caught up in the chaos have described the carnage awaiting them at the airports with people lying on floors and sleeping where they can while hoping to hear news of their flights.

Travelers should check with their airline for the latest updates on their flights.

Meanwhile, tourism officials are urging both Republicans and Democrats to end the stalemate that began on October 1 as they fear catastrophic economic blows.

Hawaii in particular is in danger of unique harm, officials have warned Duffy, as the islands are hit with the enforced cuts but with little alternative for health care, commerce, or security.

“We strongly urge federal leaders to reach an immediate resolution,” Hawaiian Airlines said while thanking the air traffic controllers and TSA officers keeping airports running without pay.

And officials in Las Vegas, which is already suffering from a tourism hole, have warned that the shutdown and airport cuts have happened at the worst possible time.

The U.S. Travel Association joined by MGM Resorts, Caesars Entertainment, The Venetian, and the Las Vegas Convention and Visitors Authority wrote a letter urging Congress to take action now to end the shutdown.

They warned that the travel industry has already lost $4 billion and that the economic situation will only worsen as Americans and travelers from abroad rethink their trips.

Retailers are also preparing to feel the impact just as holiday season hits as supply chain officials warn that a large amount of cargo is carried on commercial flights.

“Forty percent to 50% of all air freight is shipped in the belly of passenger planes,” Patrick Penfield, a Syracuse University professor of supply chain practice told NBC News.

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“If you eliminate 10% of airline capacity, air freight prices will rise, and we could see delays in getting materials via air.”

The shutdown has entered its 38th day and no end is in sight after Senate Republicans rejected an offer by the Democrats on Friday to reopen with a health care deal.

Despite some progress in delivering food to Palestinians in the besieged Gaza Strip, the enclave – ravaged by Israeli bombardment and racked by hunger – remains in urgent need of humanitarian assistance, the United Nations has said.

The UN and its partners have been able to get 37,000 metric tonnes of aid, mostly food, into Gaza since the October 10 ceasefire, but much more is needed, UN spokesperson Farhan Haq told reporters on Friday.

“Despite significant progress on the humanitarian scale-up, people’s urgent needs are still immense, with impediments not being lifted quickly enough since the ceasefire,” Haq said, citing reports from the UN’s humanitarian service, OCHA.

Haq was critical that entry of humanitarian supplies into Gaza continues to be limited to only two crossings – the al-Karara (also known as Kissufim) and Karem Abu Salem (Kerem Shalom) crossings.

There is no direct access to northern Gaza from Israel or to southern Gaza from Egypt, while NGO staff are being denied access, he said.

Earlier this week, the UN said it had distributed food parcels to one million people in Gaza since the ceasefire, but warned it was still in a race to save lives.

The UN’s World Food Programme stressed all crossing points into the Gaza Strip should be opened to flood the famine-hit territory with aid, adding that no reason was given for why the northern crossings with Israel remained closed.

Palestinians across Gaza continue to face shortages of food, water, medicine and other critical supplies as a result of Israeli restrictions.

Many families also lack adequate shelter as their homes and neighbourhoods have been completely destroyed in Israel’s two-year military bombardment.

Chris Gunness, the former spokesperson for UNRWA, the Palestinian refugee agency, said Israel is committing a war crime by blocking aid to Gaza.

Speaking to Al Jazeera, Gunness noted that tens of thousands of Palestinians – mainly children – remain at risk of malnutrition. He also said that if Israel doesn’t meet its obligation “to flood the Gaza Strip with humanitarian aid”, then third-party countries must act.

“Israel has made it clear that it wants to commit a genocide against the Palestinians, it wants to ethnically cleanse them, and it wants to starve them,” he said.

Captive’s body returned

The ceasefire between Israel and Hamas came into effect on October 10, after both sides agreed to a United States-brokered 20-point plan aimed at ending the war. But since it was announced, Israel has repeatedly launched attacks, killing dozens of people, with its forces remaining in more than 50 percent of the territory.

More than 220 Palestinians have been killed since the ceasefire took effect, according to the Ministry of Health in the enclave.

Israel has also been carrying out a wave of demolitions in parts of Gaza under its continued control east of the so-called yellow line, where Israeli forces are stationed.

The latest demolitions on Friday included residential buildings east of Khan Younis in southern Gaza, according to Al Jazeera reporters in the Strip.

Meanwhile, Prime Minister Benjamin Netanyahu’s office confirmed Israel received from the Red Cross the remains of one of the last six captives held by Hamas in Gaza.

The Israeli military later confirmed that a coffin containing the deceased captive’s body had “crossed the border into the State of Israel” after being delivered by the Red Cross.

It said the body was being sent to a forensic facility in Tel Aviv for identification.

At the start of the truce, Hamas’s armed wing, the Qassam Brigades, released all 20 surviving captives. In return, Israel freed hundreds of Palestinian political prisoners, including the bodies of slain Palestinians from Gaza, many showing signs of torture.

Of the 28 deceased Israeli captives that Hamas agreed to hand over under the deal, it has so far returned 22 – 19 Israelis, one Thai, one Nepali and one Tanzanian – excluding the latest body.

The last six deceased captives include five seized on October 7, 2023 – four Israelis and one Thai – as well as the remains of a soldier who died in 2014 during one of Israel’s previous assaults on Gaza.

Israel has accused Hamas of dragging its feet in returning the bodies of deceased captives. The Palestinian group says it continues to press for proper equipment and support to comb through vast mounds of rubble and debris – where some 10,000 Palestinians killed in Israeli bombardments are still buried.

More than 68,000 Palestinians have been killed during Israel’s two-year war.

“If they’re able then to treat Sami in this way, it’s only a matter of time before they start to treat US citizens like that too.”

The wife of pro-Palestinian commentator and journalist Sami Hamdi told Al Jazeera that his detention by US immigration authorities poses a threat to every American citizen and visitor to the country.

There have already been numerous flight delays as the FAA slows down or stops traffic when it is short of controllers.

United States Transportation Secretary Sean Duffy has said that there could be chaos in the skies next week if the government shutdown drags on and air traffic controllers miss a second paycheck.

Duffy made his comments on Tuesday as the US government shutdown dragged into its 35th day, matching the shutdown in US President Donald Trump’s first term as president and which was the longest at the time.

There have already been numerous delays at airports across the country — sometimes hours long — because the Federal Aviation Administration slows down or stops traffic temporarily anytime it is short on controllers. Last weekend saw some of the worst staff shortages, and on Sunday, flights at Newark Liberty International Airport in New Jersey were delayed for several hours.

Duffy and the head of the air traffic controllers union have both warned that the situation will only get worse the longer the shutdown continues and the financial pressure continues to grow on people who are forced to work without pay. FAA employees already missed one paycheck on October 28. Their next payday is scheduled for next Tuesday.

“Many of the controllers said, ‘A lot of us can navigate missing one paycheck. Not everybody, but a lot of us can. None of us can manage missing two paychecks,’” Duffy said. “So if you bring us to a week from today, Democrats, you will see mass chaos. You will see mass flight delays. You’ll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it, because we don’t have air traffic controllers.”

Most of the flight disruptions so far during the shutdown have been isolated and temporary. But if delays become more widespread and start to ripple throughout the system, the pressure will mount on US Congress to reach an agreement to end the shutdown.

Normally, airlines strive to have at least 80 percent of their flights depart and arrive within 15 minutes of when they are scheduled. Aviation analytics firm Cirium said that since the shutdown began on October 1, the total number of delays overall has not fallen significantly below that goal because most of the disruptions so far have been no worse than what happens when a major thunderstorm moves across an airport.

But on Sunday, only about 56 percent of Newark’s departures were on time, and the Orlando airport reported that only about 70 percent of its flights were on time, according to Cirium.

As of midday Tuesday, there have been 1,932 flight delays reported across the US, according to www.FlightAware.com. That is lower than what is typical, although the FAA did say that flights in Phoenix were being delayed on Tuesday morning because of staffing shortages. Strong winds are also causing delays at the Newark and LaGuardia airports on Tuesday.