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Florida Gov. Ron DeSantis sues federal government over cruise industry shutdown

Florida Gov. Ron DeSantis sues federal government over cruise industry shutdown

Business
April 8 (UPI) -- Florida Gov. Ron DeSantis announced Thursday a lawsuit against the federal government over the cruise industry shutdown during the COVID-19 pandemic. Tens of thousands of Floridians depend on the cruise industry for their jobs, DeSantis said at a news conference at the Port of Miami, where he announced the lawsuit while flanked by cruise employees. Advertisement "So, today's a day for us to fight for them, to fight for our friends and our neighbors, who just want to go back to work," DeSantis said at the press conference. Monica Sebata, a former employee of Cruiseport Destinations in Miami, said cruises were initially ordered to shut down for two weeks in March 2020. At that point, they were able to connect through Zoom, and they had hope things would improve, she said, b...
Government not inclined to bear loan moratorium costs

Government not inclined to bear loan moratorium costs

Finance
The government is not inclined to bear the burden arising of the recent Supreme Court judgement on a blanket waiver of compound interest or interest on interest on all loan accounts which opted for moratorium during March-August 2020. "They (banks) are well-poised to handle this and we don't see any space for government relief," said a senior government official. The government has already compensated banks for the interest on interest they had lost on loans outstanding below Rs 2 crore. Analysts estimate the additional cost to reimburse banks for all loans at Rs 7,000-10,000 crore. "There is no directive from the court ordering the government to bear this cost," the government official said on the condition of anonymity. Since there is no deadline to refund the compound interest they hav...
Covid: Another lockdown ‘last thing in world’ that government wants

Covid: Another lockdown ‘last thing in world’ that government wants

Health
Getty ImagesThe "last thing in the world" the government wants is another lockdown, Culture Secretary Oliver Dowden has said, adding it is on track with the lockdown easing plan.He said dates "could be delayed if the situation deteriorates" but ministers were confident in the "cautious path".It comes as the head of NHS England urged people not to "squander the gains" made in recent months.On Monday in England, two households or groups of up to six can meet outside.The "stay at home" guidance will also be lifted, outdoor sports facilities will reopen and small weddings can take place. The next stage - due no earlier than 12 April - will allow non-essential retail, restaurants and pubs to reopen.In Wales, the "stay local" rule was lifted on Saturday and six people were allowed to meet outsid...
Liberty Steel boss asks government for £170m bailout

Liberty Steel boss asks government for £170m bailout

Business
Liberty SteelThe owner of Liberty Steel has asked the government for £170m in financial support.In a letter sent to the Department of Business last night, Sanjeev Gupta said the support was required to pay day-to-day operating expenses and absorb recent losses. Concerns over the future of Liberty Steel have grown after key financial backer, Greensill Capital, went bust.Liberty Steel employs about 5,000 people in the UK."The collapse of Greensill has put financial pressure on the GFG Alliance and our British steel operations," Mr Gupta writes in the letter. "We are still refining the details with my management team and our external advisors, but preliminary indications are that the steel manufacturing and processing operations would need in the range of £170m to fund working capital and som...
Cumbria coal mine: Public inquiry after government U-turn

Cumbria coal mine: Public inquiry after government U-turn

Science
West Cumbria Mining CompanyA public inquiry has been announced into plans for the first new deep coal mine in the UK for decades.The government had previously decided not to intervene in the project near Whitehaven in Cumbria, which was in the hands of local officials.But ministers have taken control because of "increased" controversy.Green campaigners say the mine will increase carbon emissions and send the wrong signal in the run-up to a UK-hosted climate conference in October.The Woodhouse Colliery would extract coking coal for the steel industry from the seabed off St Bees, with a processing plant at Kells, in Whitehaven.New coal mine plan 'damaging PM's reputation'Why the battle for British coal matters to the worldMinister rapped for allowing new coal mine Cumbria County Council coun...