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On December 8th, Netflix (NFLX.O) rose 0.9% in pre-market trading, while Warner Bros. Discovery (WBD.O) fell 1.9%, after Trump stated that the proposed $72 billion sale of Warner Bros. to Netflix "could be problematic." Trump indicated on Sunday that if the acquisition went through, Netflixs market share would be too large, and stated that he would be involved in the decision-making process for the deal. Richard Hunter, head of markets at Interactive Investor, said antitrust concerns are looming over the deal, which could delay its completion to the later end of the 12- to 18-month guidance range given by Warner Discovery and Netflix.December 8th - The Sentix index, which measures investor confidence in the Eurozone, rose to -6.2 in December, up from -7.4 in November and better than the market expectation of -7.0, but Germany remains a stumbling block to recovery. Sentix said on Monday that a survey of 1,063 investors conducted from December 4th to 6th showed that the assessment of the current situation improved to -16.5 from -17.5 in November. Economic expectations for the next six months also rose to 14.8 from 3.3 in November. Sentix stated, "The Eurozone economy can at best be said to be stabilizing. Therefore, the Eurozone is unlikely to benefit as much as survey participants felt from the global momentum seen in almost all other regions and countries. The reason for this by the end of the year lies with Germany." Germanys overall index fell to -22.7 from -20.4, its lowest level since April; the assessment of the current situation dropped to -41.8, a new low since February.On December 8th, Xiao Yuanqi, Deputy Director of the State Financial Regulatory Commission, stated that the sustainability assessment of insurance companies business models should be included as a key regulatory focus. For any company, building a sustainable business model is always a crucial task that the board of directors and management must address and regularly evaluate and improve. We have seen that many companies that have historically faced significant risks or even gone bankrupt have failed due to flawed business models, and insurance companies are no exception. For a long time, global insurance regulation has explored a relatively complete regulatory logic and framework, which is generally effective. Guided by the risk-based regulatory philosophy, a series of regulatory systems, tools, and methods have been developed internationally for liquidity risk, solvency risk, credit risk, and market risk. However, the regulatory assessment of business models has not received due attention. In fact, given the new challenges and the fundamental characteristic of long-term business operations, establishing a sustainable business model and building a true "century-old enterprise" is particularly important for insurance companies. This is not only necessary for maintaining financial stability but also for protecting the long-term interests of insurance stakeholders.The Dutch government has allocated an additional €700 million for military aid to Ukraine in 2026.Warner Bros. Discovery Inc. (WBD.O) fell 1.8% in pre-market trading, after rising more than 6% in the previous session.

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.