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On April 26, according to the Wall Street Journal, in order to simplify the negotiations on reciprocal tariffs, US negotiating officials plan to use a new framework developed by the Office of the United States Trade Representative (USTR), which lists major categories of negotiations, such as tariffs and quotas, non-tariff trade barriers, digital trade, product origin principles, economic security and other commercial issues. In these categories, US officials will put forward specific requirements for individual countries, but people familiar with the matter emphasized that this document may also be adjusted at any time. People familiar with the matter said that the United States initial plan is to negotiate with 18 major trading partners in turn over the next two months. The initial plan is to alternately participate in the talks with six countries per week for three weeks (six countries in the first week, another six countries in the second week, and another six countries in the third week) until the deadline of July 8. If US President Trump does not extend the 90-day suspension period he set by then, those countries that cannot reach an agreement will begin to face reciprocal tariffs.On April 26, after the United States announced additional tariffs on goods from many countries, Peruvian business people expressed concerns that the US governments extreme measures would disrupt the global trade order and may even trigger a global economic recession. Alvaro Barrenechea Chavez, vice president of the Peruvian-Chinese Chamber of Commerce, said that the negative impact of the US tariff policy has begun to emerge and hoped that the US government would rethink. Recognizing the importance of countries working together to promote development, I think this is the best way to become a true "world citizen."Market news: Musks xAI company plans to raise about US$20 billion in a financing round.Conflict situation: 1. Ukrainian top commander: Russia tried to use air strikes as a cover to increase ground attacks, but was repelled by Ukraine. 2. Ukrainian Air Force: Russia launched more than 103 drones in the night attack on Ukraine. 3. Local officials said Ukraine launched an attack in the Belgorod region of Russia, killing two people. 4. The local governor said that Russia launched an attack on the Dnipropetrovsk region of Ukraine, killing one person and injuring eight people. Peace talks: 1. Trump: ① The situation between Russia and Ukraine is gradually becoming clear, and they are "very close" to reaching an agreement. ② Ukraine is unlikely to join NATO. ③ Ukraine has not yet signed the rare earth agreement and hopes that the agreement can be signed immediately. ④ It is foreseeable that the United States will conduct commercial cooperation with Ukraine and Russia after reaching an agreement. 2. Russian Foreign Minister: Russia is "ready to reach an agreement on Ukraine." 3. Russian Presidential Assistant Ushakov: Russia and the United States will continue to maintain active dialogue. 4. Russian Presidential Assistant: Putin discussed the possibility of resuming direct negotiations between Russia and Ukraine with the US envoy. 5. The differences between the United States, Europe and Ukraine are clear. The documents show that European countries and Ukraine have raised objections to some of the US proposals to end the Russia-Ukraine conflict. 6. Market news: As part of the peace agreement, the United States asked Russian President Putin to abandon the demilitarization requirement. Other situations: 1. President of Hungarys OTP Bank: We hope to return to all business areas in Russia after the (Russia-Ukraine) conflict ends. 2. Ukrainian President Zelensky: US ground forces are not necessary for Ukraine. 3. Trump said Crimea will remain in Russia, Zelensky: Never recognize it. Agreeing with Trumps view, Crimea cannot be recovered by force. 4. NATO Secretary-General Rutte met with Trump and senior US officials to discuss defense spending, NATO summit, and the Ukrainian conflict.Rising global trade risks, overall policy uncertainty and the sustainability of U.S. debt top the list of potential risks to the U.S. financial system, according to the Federal Reserves latest financial stability report released on Friday. This is the first time the Fed has conducted a semi-annual survey on financial risks since Trump returned to the White House. 73% of respondents said that global trade risks are their biggest concern, more than double the proportion reported in November. Half of the respondents believe that overall policy uncertainty is the most worrying issue, an increase from the same period last year. The survey also found that issues related to recent market turmoil have received more attention, with 27% of respondents worried about the functioning of the U.S. Treasury market, up from 17% last fall. Foreign withdrawals from U.S. assets and the value of the dollar have also risen on the list of concerns.

Emirates Airlines Has Joined the Ranks of Other Well-Known Companies with Metaverse Ambitions

Skylar Shaw

Apr 18, 2022 10:43

Emirates Airlines was one of the first airlines in the world to focus on NFTs and the Metaverse.

In a few months, the airline aims to offer its first items.


As the number of large names seeking the NFTs and the Metaverse grows, so will the number of ambitious Web3 initiatives.


As large names continue to pursue Web3, interest in NFTs and the Metaverse shows no signs of waning. Metaverse activity has increased significantly in Decentraland (MANA) and the Sandbox (SAND).


While the music, film, and fashion industries have completely embraced the Metaverse, other industries have lagged.


The aviation sector took aim at NFTs and the Metaverse this week, joining a growing list of businesses that regard Web3 as having limitless potential.


Leading American investment institutions have also shown their enthusiasm for the Metaverse. JPMorgan predicted a $1 trillion Metaverse in February.

NFTs And the Metaverse Are The Focus of Emirates Airlines.

Emirates revealed its ambitions to deploy NFTs and join the Metaverse this week. Emirates plans to spend $10 million in the digital world, primarily for the benefit of its consumers and staff.


The airline "plans to develop distinctive brand experiences in the Metaverse, alongside both collector and utility-based NFTs," according to the release.


According to reports, the first projects are in the works and will be released in the following months.


"Dubai and the UAE are lighting the way in the digital economy, with a clear vision backed by effective policies and regulatory frameworks in sectors such as virtual assets, artificial intelligence, and data security," stated Chairman and CEO HH Sheikh Ahmed bin Saeed Al Maktoum.


"Emirates has always embraced innovative technology to better our business operations, increase our client offering, and expand the talents and experiences of our people," he said. We're thrilled about the new possibilities in the future digital world, and we're devoting a large financial and human resource commitment to create goods and services based on sophisticated technologies that will increase revenue, improve brand experience, and improve company efficiency."


Airlines and the aviation sector have a lot to gain from NFTs and the Metaverse.


NFTs might be utilized for ticketing and travel recording in the airline sector. NFTs might be used to store information such as flight time, distance traveled, and so on. Virtual lounges, for example, are one of the many intriguing possibilities available in the Metaverse.


When it comes to the aviation sector, Emirates may be ahead of the game. Emirates was the first airline to offer a virtual reality app in 2021. Users may see inside the cabins of the Airbus A380 and the Boeing 777-300ER Gamechanger using the app.


For several years, customers have also been able to view their seats and check in with a 3D seat map.

Emirates Is the Latest Global Brand to Enter the Metaverse

With an ever-increasing number of industries eyeing NFTs and the Metaverse, 2022 has been a busy year.


The fashion industry hosted a four-day fashion week in the Metaverse in March, with major brands like as Gucci and Victoria's Secret focusing on NFTs and the Metaverse.


More large names are expected to join the music business and fast-food corporations, like McDonald's, which have already entered the virtual world.

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