Global financial headline: five Chinese airlines will set up a blacklist to ban rude passengers from boarding

2016-02-02 09:23:32 | Source: International Online | Editor: Xu Yiyuan

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   BBC | Five Chinese airlines will set up blacklists to ban rude passengers from boarding

Air China, China Eastern Airlines, China Southern Airlines, Hainan Airlines and Spring Airlines said they would share passenger information and prohibit rude passengers from boarding.

It is predicted that by 2034, China will become the world's largest aviation market. However, in the context of the rapid growth of the market, flight delays and other problems also occur from time to time, prompting some passengers to choose violence to solve them.

Zhang Wu'an, head of the marketing department of Spring Airlines, said: "Those who beat the flight attendants, refused to board, and those who deliberately blocked the exit have all been on our list."

The International Air Transport Association (IATA) said that it had received 38230 reports of rude behavior from passengers, including violence against flight attendants or other passengers, sexual harassment and non-compliance with safety regulations.

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  Guardian | Rolls Royce wins a large order for Norwegian Airlines' $2.7 billion aircraft engine

Rolls Royce will provide 1000 Trent series turbofan engines worth 2.7 billion US dollars for 19 Boeing 787 passenger planes of Norwegian Airlines. This is the largest order obtained by Rolls Royce since Warren East took office as CEO in July 2015.

In the past two years, Rolls Royce has issued five profit warnings. Rolls Royce claimed that the unsatisfactory profit mainly came from several aspects, including the reduced demand for commercial airliners and the low oil price. In addition, Rolls Royce was investigated for bribery in China, Indonesia and other places. Since April 2015, its share price has basically fallen by half.

After the announcement of a large order of US $2.7 billion, Rolls Royce's share price recovered to 555 points. Rolls Royce's competitor for this order is GE. Rolls Royce will also provide follow-up services for Norwegian Airlines.  

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   Financial Times | Economists predict that the United States has a 20% probability of falling into recession this year

Major global economists now predict that the United States has a 20% probability of falling into economic recession this year. The possibility of the Federal Reserve raising interest rates as many times as previously envisaged has diminished.

Economists' concern that the United States, the world's largest economy, is on the verge of recession has recently intensified. In a survey conducted by the Financial Times last December, economists believe that the probability of the United States falling into recession in the next two years is 15%, but now they believe that the United States has a 20% chance of recession in the next 12 months.

Not long ago, few economists thought that the United States might fall into recession. At that time, everyone believed that the strong labor market, together with the rapidly expanding service industry, was enough to offset the contraction of the U.S. manufacturing industry caused by the appreciation of the U.S. dollar.

However, the global stock market has fallen by 6% this year, with the US stock market falling by 5%.

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  Quartz | Google's experiment of transmitting 5G network using solar powered UAV was exposed

In 2015, Google CEO once said that he would launch the "Project Titan", using solar powered aircraft as a network base station in areas without Internet to build Internet portals. The Guardian recently published an article revealing the current process of the project.

It is reported that the project has been renamed Project Skybender, and is using Titan Aerospace's UAV for network building test. The solar powered UAV provided by the company can hover in the sky for five years. However, in May 2015, a UAV of the same model crashed shortly after takeoff in New Mexico.

The test site of the Skybender project was selected in the spaceport of Virgin Galactic in New Mexico. According to the emails between Spaceport and Google, the process of this experiment was "not smooth". There were trucks full of parts parked in the spaceport, but they could not unload because the spaceport lacked corresponding equipment. The installation process of some equipment is also full of hardships. A spaceport staff member once sent an email to Google complaining that he had to drive 200 miles overnight to buy some "basic electronic components and screws" because of incomplete parts.  

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  Wall Street Journal | Uber cooperates with Ali, and Chinese passengers can use Alipay to pay fares abroad

Uber is cooperating with Alibaba Group's online payment business to allow passengers to use Alipay to pay fares when traveling outside mainland China. Although Uber and Alibaba's Didi Kuaidi are competitors, Uber still cooperates closely with Alibaba.

In mainland China, Uber users have been able to use Alipay to pay their fares. The Uber Unicom Alipay cooperation project announced this time will first be implemented from Hong Kong, Macao and Taiwan in China this month, and then gradually expand to more overseas regions. However, China's domestic taxi service enterprises are also stepping up the expansion of overseas markets. Didi Kuaidi is also planning to expand its taxi service business to overseas markets outside China.

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  CNBC | Zhaika virus wreaks havoc on tourism related stocks and declines significantly

Due to the prevalence of Zika virus, many tourism and tourism related stocks fell significantly. Even though some stocks showed an upward trend on Monday, they still shrank significantly compared with a week ago.

"Cruise companies' share prices fell the most, and tourism companies' share prices also fell sharply because people were worried about the Zika virus," said Tim Conder, an analyst at Wells Fargo Securities.

In the cruise industry, Norwegian Cruise Line fell the most significantly, falling by 5% within a week. Royal Caribbean fell 4%, Carnival fell 3%, and Disney Cruise Line shares fell 1%.

The US Centers for Disease Control and Prevention has confirmed that 31 US citizens have been infected with Zika virus. All of them have traveled or worked in countries where Zika virus has broken out. There have been 24 countries exposed to the Zika epidemic, concentrated in the Caribbean, Central America and South America.

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CBS MONEYWATCH | Weakness of China's manufacturing index caused European stock markets to decline, and Asian stock markets were mixed

European stocks fell on Monday due to weak Chinese manufacturing data. The Japanese stock market rose because of the Bank of Japan's "negative interest rate" policy strategy, and Asian stock markets were mixed on Monday.

In Europe, Germany's DAX index fell 0.5% to 9746.29; France's CAC 40 index fell 0.6% to 4392.95; Britain's FTSE 100 index fell 0.4% to 6059.68.

The US futures index showed a downward trend at the opening, and the Dow Jones and Standard&Poor's 500 futures index both fell 0.6%.

In Asia, the Nikkei 225 Index rose 2% to 17865.23; South Korea's Kospi Index rose 0.7% to 1924.82; Hong Kong equities, represented by Hang Seng Index, fell 0.5% to 19595.50; The Shanghai Composite Index fell 1.8% to 2688.85; Australia's Standard&Poor's/ASX 200 index rose 0.8% to 5043.60.

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   Market Watch | Bomb attack caused thousands of barrels of crude oil leakage in Nigeria, and several water sources were polluted

Several bomb attacks on Nigeria's Agip oil pipelines have led to the leakage of thousands of barrels of crude oil, and many water sources, farmland and fish ponds in Bayelsa have been polluted.

A spokesman for ENI Group, the parent company of Agip Oil Pipeline, said that the explosion had resulted in the loss of more than 16000 barrels of crude oil in one day, and the company was trying to resume production.

Eke Spiff Erempagamo, the leader of the local residents' community, said that the oil spill was "on such a large scale that it was the most serious one in years." Local fishermen said that for two days, the river was filled with black crude oil, and no one came to inspect or manage it.

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   USA TODAY | US experts predict that US stocks will "perform mediocrely" in February according to historical data

The US Bespoke Investment Group said that the historical data of Dow Jones and Standard&Poor's showed that when the US stock market was "unsatisfactory" in January, February would also be "flat".

According to investment company data, February has always been a "recession" month. After conducting big data analysis on the data of the US stock market over the past 100 years, the investment company said that only 55% of the time the US stock market showed an upward trend in February, and the upward increase was only 0.1%, ranking 11th in 12 months, almost the bottom. However, when the decline exceeds 5% in January, the performance in February will be poor.

"Research on past data shows that when the decline exceeds 5% in January, the momentum in February will not be too good," Paul Hickey, co-founder of the investment company, told customers.

This year, there are many factors that predict that the stock market will be difficult to rise significantly in the future, such as the continuous decline of oil prices, the rise of labor costs, which will lead to the decline of corporate profits, the weakness of the world economy, and so on.  

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   Bloomberg | New York Uber drivers protest the reduction of basic fares

On Monday, hundreds of Uber drivers in New York City, the United States, launched a protest against the reduction of basic fares. Last week, Uber cut the basic service fee of Uber taxi service in New York City by 15%. For example, the Uber car service fee from Midtown New York to LaGuardia Airport was $43.67 before, but now it is only $37.12.

In this regard, Uber said that the reduction of the basic starting service fee is used to stimulate drivers' work initiative and reduce drivers' downtime. Since the reduction of the basic fare, Uber drivers' downtime at the weekend has decreased by 39% in general, and their hourly income at the weekend has also increased by 20% compared with the weekend two weeks ago. However, Uber drivers are still very dissatisfied. They think that the new policy is simply to extend their working hours.

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  New York Times | Instagram prohibits users from selling private firearms

Facebook is currently banning private gun sales on Instagram. Many private gun salesmen publish gun information on Facebook's Instagram image sharing platform and conduct unregistered gun transactions. Previously, Facebook had banned people from posting marijuana and other illegal drug sales on social media.

At present, the ban on gun sales information announced by Facebook is mainly used to ban private gun trading activities. However, those public accounts with gun trading licenses and gun clubs can still publish relevant gun information on their Facebook and Instagram pages. Although Facebook is not directly involved in gun sales, it does provide a platform for people to negotiate and trade guns, and does not need to conduct background checks.

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   Times of India | Toyota Japan factory suspended production due to shortage of some parts

Toyota Motor Corporation of Japan announced that its production department in Japan this month will stop production for six days due to a shortage of some parts. Toyota said that the shutdown was due to the explosion of Aichi Steel on January 8, which caused a shortage of steel parts.

Toyota's production in Japan will be suspended from February 8 until February 13. However, Toyota said the shortage of parts would not affect its overseas production lines.

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  International Business Times | Apple iPad Pro Boosts the Depressed Smart Tablet Market

Although Apple's smart tablet business continues to decline, it is still the main driver of the global smart tablet market. The smart tablet business of Microsoft, Samsung and Amazon can only catch up.

According to the report of IDC, during the Christmas season last year, Apple's smart tablet sales still led the global tablet sales. Only the 12.9-inch iPad Pro sales reached 2 million during this period, 400000 more than the total sales of Microsoft's all Surface smart tablets during this period. However, the sales of the global smart tablet market are still in continuous decline, and the relatively popular sales of iPad Pro are still difficult to reverse the overall sales decline of Apple's iPad, which has declined for eight consecutive years.

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  CNN | The stock market value of Alphabet, Google's parent company, surpassed Apple for the first time

In the afternoon of Monday (1st), the stock market value of Google's parent company, Alphabet, surpassed Apple for the first time. Alphabet's share price rose by 2% in intraday trading, bringing its stock market value to $533.4 billion, while Apple's share price fell by more than 1%, bringing its stock market value to $532.7 billion.

However, in the later trading, the stock price of Alphabet fell slightly, and finally Apple closed with a market value of $534.6 billion, while Alphabet closed with $530 billion.

Alphabet's sales and profits far exceeded Wall Street's expectations, and its share price soared 8% in the trading after Monday's closing. According to this trend, when the stock market opens on Tuesday, the stock market value of Alphabet will hit a record high, reaching $570 billion.

However, Alphabet still has a long way to go to surpass Apple's historical highest market value, which was nearly 775 billion dollars in February 2015.   Picture default title

Reuters | Wall Street shares rose slightly in Monday afternoon trading

The rise of Facebook and Alphabet, the parent company of Google, made the Wall Street stock market recover its lost ground and recover in the afternoon trading on Monday (1st). At the end of the day, several major stock indexes were basically flat.

The Dow Jones Industrial Average fell 0.1%, or 17.12 points, to 16449.18; The Standard&Poor's 500 index fell 0.04%, or 0.86 points, to close at 1939.38; The Nasdaq Composite rose 0.14%, or 6.41 points, to close at 4620.37.

Among them, Alphabet's share price rose 1.2% and Twitter's share price rose 6.6% before its fourth quarter financial report was released.

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   Asahi News | The Bank of Japan began to respond to the negative interest rate policy. The one-year fixed deposit rate is the same as the current deposit rate

After the Bank of Japan decided to adopt a negative interest rate policy, Japanese financial institutions began to cut deposit interest rates. Some banks have the same interest rate for current deposits and fixed deposits.

Yokohama Bank of Japan and Eighty two Bank of Japan announced on the 1st that they would cut the interest rate of time deposits with a term of less than one year by 0.005%, with an annual interest rate of 0.020%. The annual interest rate of demand deposit is also 0.020%. This means that if you save less than one year, time deposits will not earn more money.

Lissona Bank also cut the interest rate of 2-5-year fixed deposits by 0.005% - 0.025% on the 1st, to 0.025% annually. Sony Bank, which is engaged in network business, reduced the current interest rate to 0.001%, which means that only 1 yen interest can be obtained if 100000 yen is deposited for one year.

As for the negative interest rate policy, some large Japanese banks also said that they would discuss countermeasures as soon as possible.

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   Japan Economic News | Vice President of the World Bank Advises Japan to Promote the Employment of Women and the Elderly

Axel von Trossenberg, Vice President of the World Bank, said in an interview with the Japanese Economic News that if Japan wants to maintain economic growth, it must promote the employment of women and the elderly.

Trossenberg is in charge of business in East Asia and Oceania. He said that the employment rate of Japanese women is very low in developed countries, and female labor should be flexibly used.

He also suggested that Japan consider immigration policies. He said that this is an option in parallel with increasing the birth rate, which should deepen the public discussion.

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