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But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue Airways Corp and cargo carriers FedEx Corp and Atlas Air Worldwide Holdings Inc said restricting the rights of Qatar Airways and Air Italy could lead to retaliation against U.S. carriers. “For JetBlue, who just announced its intention to begin service to London from New York City and Boston starting in 2021, the possibility of retaliation could have a devastating impact on the ability to obtain authority to operate in the EU under the U.S.-EU Open Skies agreement,” the airlines said cufflinks debenhams.
The letter was referring to possible retaliation from the European Union and said restrictions “would also have a crippling impact on U.S. passenger carriers seeking new service to the EU.” cufflinks debenhams. It was signed by the chief executive officers of the airlines. “Undoubtedly, closing access to global markets will be a punishment that brings higher prices and fewer choices for American travelers, consumers, and shippers.”. JetBlue is also considering European destinations beyond London for future flights..
BEIJING (Reuters) – China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. The upbeat readings, which included faster growth in investment, will add to optimism that China’s economy may be starting to stabilize even as Beijing and Washington appear to be edging toward a trade deal cufflinks debenhams. Investors have ranked China’s slowdown and the trade war as the biggest risks facing the faltering global economy..
But analysts warn it is too early to call a sustainable turnaround, and further policy support is needed to maintain momentum in the world’s second-largest economy. Many had expected a recovery only in the second half of 2019. Beijing has ramped up fiscal stimulus this year, announcing billions of dollars in additional tax cuts and infrastructure spending, while Chinese banks lent a record 5.8 trillion yuan ($865 billion) in the first quarter, more than the economy of Switzerland cufflinks debenhams. “We need more evidence to call a full-fledged recovery. Our view for the economy is still cautious,” said Jianwei Xu, senior economist, Greater China at Natixis in Hong Kong..
“We think it (the stronger-than-expected data) is somewhat linked to the stimulus, but we can’t attribute it all to it.”. Analysts polled by Reuters had expected GDP growth to slow slightly to 6.3 percent in January-March from a year earlier. Share markets and most currencies in Asia rose in relief, as China’s slowdown has increasingly weighed on its trading partners from Japan to Germany. The yuan currency rose 0.4 percent to a 7-week high. Government support is gradually having an effect, though the economy still faces pressure, Mao Shengyong, spokesman at the National Bureau of Statistics, cautioned on Wednesday cufflinks debenhams.