News That Matters

Tag: seek

Deadline extended for tribes to seek broadband licenses

Technology
Tribes have another month to apply for a band of wireless spectrum to establish or expand internet on their landsBy FELICIA FONSECA Associated PressJuly 31, 2020, 11:27 PM3 min readShare to FacebookShare to TwitterEmail this articleFLAGSTAFF, Ariz. -- The Federal Communications Commission is giving tribes another month to apply for a band of wireless spectrum that would help them establish or expand internet access on their land — far less time than what tribes had sought. Tribes pushed to be first in line to apply for licenses for the mid-band spectrum that is largely unassigned across the western United States and can be used for fixed or mobile internet service. The licenses once were reserved for educational institutions. The tribal priority window opened in February and was set to cl
Rush for gold loans seen as Indians seek refuge from slowdown

Rush for gold loans seen as Indians seek refuge from slowdown

Finance
By Swansy AfonsoIndians may borrow more against their stash of gold as the world’s biggest lockdown raises financial stress in an economy that’s set for its first contraction in four decades. Indians are the biggest consumers of gold after China and hold the largest hoard of the precious metal. Gold is both an insurance policy and a retirement plan in a country that lacks robust social welfare systems or widespread access to formal credit. And with economic activity coming to a virtual standstill after Prime Minister Narendra Modi ordered a 40-day nationwide lockdown to combat the coronavirus, more Indians are likely to turn to gold loan companies to raise money against the precious metal. “Recycling and collateralized loans against gold may be expected to grow exponentially in the next fe

Cuba welcomes cruise ship with COVID-19, others seek ports

World
A British cruise ship that was turned away from several Caribbean ports after passengers fell ill with novel coronavirus is scheduled to dock in Cuba Tuesday after the island agreed to help transfer those aboard to planes bound for the United KingdomByThe Associated PressMarch 16, 2020, 8:53 PM1 min readHAVANA -- A British cruise ship that was turned away from several Caribbean ports after passengers fell ill with novel coronavirus is scheduled to dock in Cuba Tuesday after the island agreed to help transfer those aboard to planes bound for the United Kingdom. The Cuban government said it had decided to allow the Braemar to dock in the port of Mariel, about 35 miles west of the capital, “due to the urgency of the situation and the risk to the lives of sick people." Fred. Olsen Cruises sa
Yes Bank’s potential foreign investors seek tax immunity

Yes Bank’s potential foreign investors seek tax immunity

Finance
As State Bank of India (SBI) firms up plans to infuse funds to prop up the financially troubled Yes Bank, many potential foreign investors are anticipating trouble from the Indian taxman. These investors have sought immunity from future tax demand arising out of notional accounting entry when they invest in Yes Bank, four people familiar with the development said. The tax department can technically question any merger and acquisition where the deal has not happened at a fair market value. “The deal is happening at a valuation that is lower than the fair market value of Yes Bank shares. This would lead to a notional gain in the financials of the bank that would be recorded as other income,” said a person with direct knowledge of the matter. In all M&As, when such other income is recorde
Cruise ships seek safe harbour as world takes drastic steps to halt COVID-19

Cruise ships seek safe harbour as world takes drastic steps to halt COVID-19

World
Cruise ships are looking for safe harbour on four continents amid fears they are spreading the new coronavirus that has infected more than 105,000 people worldwide.As the outbreak has moved beyond its epicentre in China, cruise ships have increasingly been in the spotlight. On Saturday, they faced trouble in waters off California, Malaysia, Egypt and Malta as those aboard were tested or confined to cabins.Officials in California are deciding where to dock the Grand Princess cruise ship, after 21 people on board tested positive for COVID-19, the disease caused by coronavirus.There is evidence the ship, now idling off San Francisco, was the breeding ground for a deadly cluster of almost 20 cases during an earlier voyage. ...