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On March 15, HNA Aviation Group issued a special announcement on protecting the rights of passengers, stating that in order to protect the legitimate rights and interests of passengers and prevent some unauthorized third-party sales platforms from infringing on the rights of passengers by selling at a higher price and illegally charging ticket refund and change fees, all passengers who purchase tickets from domestic airlines under HNA Aviation Group can query and verify the ticket information through the methods specified by the airlines. For details, please refer to the official channels of the airlines for information release. If the query results are found to be inconsistent with the actual ticket purchase situation, feedback can be provided according to the guidance process of the airlines. After verification, HNA Aviation Group will refund the price difference losses to passengers and deal seriously with the units involved in accordance with the sales agency agreement to protect the rights and interests of passengers.On March 15, local time, British Prime Minister Starmer held an online meeting with several leaders to discuss the Ukrainian issue. The British Prime Ministers Office previously issued a statement saying that in addition to Starmer, a total of about 25 leaders participated in the online meeting, including leaders of European partners, the European Commission, NATO, Canada, Ukraine, Australia and New Zealand. The statement also stated that British Prime Minister Starmer will call on countries to increase pressure on Russia during the negotiations on the Ukrainian conflict during the meeting. He also said that if Russia "returns to the negotiating table", it hopes that the UK will work with other members of the so-called "coalition of the willing" to monitor Ukraines ceasefire system.Ukrainian President Zelensky: Operation Kursk is still ongoing and the Ukrainian army is not besieged.British Prime Minister Starmer: If Russian President Vladimir Putin really wants peace, he must stop his attacks on Ukraine and agree to a ceasefire.German police said on March 14 that four Tesla cars were set on fire in Berlin. This is the latest attack on the brand after Tesla owner Elon Musk supported the far-right Alternative for Germany party in Germanys recent elections.

Crude Oil Tests $95 as Recession Fears and a Surging Dollar Shake the Oil Rally's Foundation

Charlie Brooks

Jul 08, 2022 11:23


On Wednesday, U.S. crude futures slid $4 to test the $95 per barrel support as recession concerns and a strengthening dollar in expectation of further rate hikes by the Federal Reserve shook the roots of this year's oil boom. After topping $97 a barrel in the previous session, the benchmark for U.S. crude oil, West Texas Intermediate, fell by more than $9.


Brent, the benchmark for international crude oil, dropped below $100 for the first time since April 25. Tuesday, Brent lost nearly $11 after a $101 examination.


Overnight, the Dollar Index, which measures the U.S. dollar to six major international currencies, surpassed 107 for the first time since December 2002. The dollar has climbed significantly since November of last year in anticipation of aggressive rate hikes by the Federal Reserve, which have just now begun to materialize.


In June, a carefully watched barometer of the U.S. services sector fell to its lowest level in twenty months, but despite rising labor and other input costs, it held up better than expected.


Separately, the U.S. Department of Labor said that the labor market may be slowing. According to its monthly study, the number of job openings declined in May to 11.254 million, which is still an all-time high. The sum was around a quarter of a million more than projected, and the government revised its estimate from May to 11,681 million.


The data on job openings was issued before the more critical nonfarm payrolls report on Friday, which is anticipated to suggest a slower rate of employment growth in June compared to May. Economists anticipate that around 268,000 payrolls were added in June, compared to 390,000 in May, keeping the unemployment rate at 3.6% for the third straight month. The Federal Reserve considers a rate of unemployment of 4 percent or less to signify full employment.


In an assessment of the energy sector, Goldman Sachs analysts wrote, "While we believe that higher consumer prices are required to stabilize the oil market this summer, we recognize that significant and huge shocks continue to distort fundamentals."



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