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Epidemic boosts demand for business jets Honeywell International Inc estimates that 7400 new aircraft will be needed in the next 10 years.
Honeywell International Inc International on Sunday raised its forecast for global business jet deliveries over the next 10 years, predicting that 7400 new business jets, worth a total of $238 billion, will be needed worldwide from 2022 to 2031, up 1 per cent from the forecast a year ago. During the outbreak, wealthy passengers wanted to fly on fewer aircraft, which put pressure on the supply of new business jets and led to a shortage of second-hand business jets. Heath Patrick, president of the US aftermarket of Honeywell Aerospace Aerospace Co., Ltd., said: "it is expected that in the next five years, second-hand aircraft
The surge in South Korean exports in early August shows that Delta has not derailed the global trade recovery.
Early South Korean trade data show that exports are set to rise in August, suggesting that global demand remains strong despite a surge in Delta variants. South Korean customs said on Monday that exports rose 40.9 per cent in the first 20 days of the month compared with the same period a year earlier. This is partly due to the base effect, which fell 7.5 per cent in the same period last year. The new restrictions on epidemic prevention have not yet derailed the global trade recovery, according to the report. However, compared with the optimism that prevailed earlier this year, concerns about the outlook are growing as the more contagious Delta variant spreads across countries. South Korea's trade data are early in global economic activity
Us sunscreen carcinogen fermented CVS announced suspension of sale after Johnson & Johnson
CVS Health, the second-largest drugstore operator in the US, announced on Thursday that it had suspended the sale of two sunscreen products under its aloe vera brand after reports that some sunscreen products in the US market contained high levels of benzene, a chemical that can cause leukemia. A spokesman for CVS said the suspension of the two products was a matter of caution and that the company was working with suppliers of both products to "take appropriate additional steps". Earlier this week, Johnson & Johnson announced that it would recall five sunscreen sprays of Neutrogena and Aveeno brands from the market because of the possibility
Nearly $500 billion has flocked to ETF so far this year. Wall Street has no choice but to join the craze.
Money managers in the United States couldn't stop the money rush to ETF, so they decided to follow suit. Today's situation is more like a jostling one after another, and everyone is rushing in. ETF attracted more money in seven months than in any single year since records began. Currently as high as $488.5 billion and rising, it could break the full-year record of $4970 set in 2020 within weeks or even days. The influx of money reflects a historic surrender for the mutual fund industry. Investors have long turned to cheaper, easier to trade and more tax-efficient tools. Now, even the most famous
IMF urges central banks to remain vigilant in case interest rates suddenly soar
The International Monetary Fund (IMF) warned central banks on Thursday to be vigilant against a sudden surge in interest rates and tightening financial conditions that could spread to emerging markets, even if the US $1.9 trillion stimulus package would benefit most countries. Gerry Rice, a spokesman for IMF, said IMF's preliminary forecasts showed that the $1.9 trillion stimulus package passed on Wednesday would increase US GDP by 5 to 6 per cent within three years, but more analysis was needed to make a final estimate. Rice added that, however, the cost of financing in dollars is unusually low, which means that money may suddenly appear.
Professor Wharton Finance: even if bond yields rise, there is still room for the stock market to rise this year.
Jeremy Siegel, a professor of finance at Wharton, said on Thursday that he thought stocks would rise even in the face of rising bond yields and concerns about inflation. Siegel said the $1.9 trillion anti-epidemic relief plan is "more fuel," and U. S. President Joe Biden is expected to sign it into law on Friday. "eventually, the Fed will tighten, and eventually tightening will put pressure on the stock market, and I think this concern is starting to happen," Siegel said. " "but when I see the stimulus coming, I can see the share price rising by another 10% this year," he said.