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Shusuke Yamada, FX/interest rate strategist at Bank of America Global Research, said in a research report on April 29 that the markets focus may be on any hints from the Bank of Japan at this weeks meeting about a possible rate hike in June or July. Trumps announcement of additional tariffs "suddenly increased the uncertainty of the Bank of Japans future policy." He pointed out that the markets current expectation for the Bank of Japans final interest rate is slightly above 0.75%, while the previous forecast was 1.25%, and the expected time for the next rate hike has been postponed from June to the end of 2025. Given that speculative traders yen positions hit a record high and the dollar/yen stabilized during the London trading session, Bank of America believes that the risk is biased towards a further rebound in the dollar/yen.On April 29, the General Office of the Ministry of Industry and Information Technology issued a notice on doing a good job in the quality of industry and information technology in 2025, which proposed to accelerate the tiered cultivation of pilot platforms. Strengthen the reserve of pilot platforms in the manufacturing industry, optimize the key directions and construction paths of the pilot platform layout, update the "Guidelines for the Construction of Pilot Platforms in the Manufacturing Industry" and "Key Points for the Construction of Pilot Platforms in the Manufacturing Industry", and guide local governments to focus on key areas and build pilot platforms in an orderly and reasonable manner according to local conditions. Improve the tiered cultivation mechanism of pilot platforms, select a number of key pilot platforms for cultivation, and promote qualified pilot platforms to move towards a higher level of upgrading.U.S. stock index futures rebounded after falling in early trading, with S&P 500 futures up 0.3% and Nasdaq futures up 0.4%.Hong Kongs major stock indices strengthened in the short term, with the Hang Seng Index up more than 1% and the Hang Seng Tech Index up nearly 2%.According to Canadas CTV News: Canadas ruling Liberal Party won the election.

JetBlue is Reducing its Summer Schedule in Response to a Recruiting Drive

Charlie Brooks

Apr 11, 2022 09:56

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Airlines in the United States are rapidly recruiting to prepare for a predicted increase in summer travel demand as the COVID-19 outbreak recedes. Several major US airlines have been forced to cancel hundreds or thousands of flights due to severe weather interruptions since September.


The airline headquartered in New York said on Sunday that "in light of sustained industry problems and high demand during the summer," it is planning more cautiously and attempting to be proactive with cancellations due to disruptive weather and air traffic control events when possible.


JetBlue canceled 148 flights, or 13% of its schedule, and delayed 39% of its flights on Sunday, according to FlightAware, after canceling 18% of flights and delaying 48% on Saturday.


The airline noted that "in order to get our operation back on track this week and give extra recovery options in case of more April weather events," it is canceling some flights this weekend and adjusting its schedule somewhat for the remainder of the month.


JetBlue said that after adding over 3,000 additional crew members in 2022, "we continue to have staffing constraints, and these interruptions worsen an already difficult staffing position." It said that it was recruiting "hundreds of new crew members each week in preparation for summer travel."


JetBlue last week made an unsolicited offer of $33 per share in cash to acquire Spirit Airlines (NYSE:SAVE), outbidding Frontier Group Holdings' February offer of over $25 per share in cash and shares. Spirit said on Thursday that it will begin discussions with JetBlue over its $3.6 billion bid.