Billionaire Richard Branson is coming under fire from politicians and regular citizens alike as the tycoon sought hundreds of millions of pounds in state aid for his Virgin Atlantic airline due to the Covid-19 crunch. The airline, which does not boast the cash reserves of some of its larger competitors, has been hard-hit by the coronavirus crisis, which has left the aviation sector reeling. It quickly […]
Seeks
34 posts
As the entire world has become the frontline of the fight against the Covid-19 coronavirus, the US State Department is headhunting foreign doctors to assist the US, promising they can skip to the front of the immigration queue. In a message posted on its website on Thursday night, Foggy Bottom encouraged medical professionals who have already applied for US visas – “particularly those working to treat […]
Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to help it deal with the economic slowdown from the coronavirus, according to government finance adviser Abdul Hafeez Shaikh. Pakistan will also be seeking more support from the World Bank and the Asian Development Bank, Shaikh said on Wednesday. “This 1.4 billion we are asking will be a low cost fast disbursing loan,” […]
AVA Labs, the first project building on the “Avalanche protocol” blockchain network, is looking to modernize financial infrastructure. As first envisioned in a 2018 white paper by the pseudonymous “Team Rocket,” Avalanche protocol uses random network sampling to reach consensus. But it is AVA Labs’ ambition in building new infrastructure for the financial markets which now drives the firm forward. The new platform could have special […]
In a sweeping power grab, the Department of Justice has asked Congress for the ability to go directly to chief judges in order to detain people indefinitely without trial during emergencies. The move is part of a recent push to expand government powers during the coronavirus pandemic, according to Politico, which has reviewed documents that detail the DOJ’s requests to lawmakers on this and a host […]
Malaysian authorities are scrambling to track down about 2,000 Rohingya men who attended a religious gathering that has led to a big spike in coronavirus cases across Southeast Asia, according to a security source and two other people, Reuters reported yesterday. COVID-19: Authorities looking for Rohingya men who attended Sri Petaling mosque event, says report #myedgeprop https://t.co/5iKiDnjzMv pic.twitter.com/7OCZCpQSGu — EdgeProp Malaysia (@myedgeprop) March 19, 2020 More […]
Lebanon’s Foreign Minister Nassif Hitti has said he is requesting additional medical assistance from various countries and international organisations to help combat the spread of coronavirus. In an interview published by local newspaper Al-Joumhouria, Hitti claimed that Lebanon needs lots of medical supplies and is waiting to see what other countries can offer. While Lebanon’s Central Bank Governor Riad Salameh, in a statement on 13 March, […]
A new disclosure on Tuesday afternoon details yet another troubling development for Boeing. In its latest 8K, the plunging planemaker has completely drawn down its $13.8 billion credit line that it entered in October 2018 as it “navigates current business challenges” exposing just how fast this company is burning through cash. “As of March 13, 2020, Boeing has fully drawn on the Credit Agreement, consisting of […]
Just hours after S&P took the machete to Exxon’s long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock prices has crashed from $350 to $130 in a little over a month after it announced it was drawing down its revolver: Boeing. S&P cut Boeing’s credit rating to BBB from […]
Atlantic City officials on Thursday announced that the city planned to file an injunction in New Jersey Superior Court to demolish Trump Plaza tower after an official inspection declared the crumbling building an “imminent hazard.” Atlantic City Mayor Marty Small Sr. and his chief of staff Ernest Coursey informed Atlantic City Director of Licensing and Inspections Dale Finch on Sunday that several of the tower’s exterior […]
Iran now has over 10,000 cases of the potentially deadline coronavirus, reports revealed today. As part of the country’s efforts to stem the spread of the virus, including closing schools and disinfecting mosques and public spaces, the Islamic Republic released an Android app called AC19 to help people self-diagnose rather than needlessly flooding hospitals, however the app was removed from Google’s Play store, according to a […]
A Russian government agency has requested contractor bids to find ways to block censorship-resistant internet technologies, like mesh networks. The list includes messaging app company Telegram’s yet-to-be-launched blockchain. The call for bids was published on March 3 by the General Radio Frequency Center, the agency controlling the use of radio frequencies in Russia, and first reported by the Russian-language cryptocurrency news outlet Forklog. According to the […]
Exit polls from Michigan show Joe Biden ahead of Bernie Sanders in the state’s primary contest, cementing the former VP’s position as the front-runner in the Democrat presidential race. Sanders won the state back in 2016. Democratic frontrunner Joe Biden had edged out rival Bernie Sanders as polls closed in Michigan, with early counts giving him 52.1 percent of the vote. Voters in some cities were […]
Lebanon will default on its debt for the first time in the country’s history, after failing to settle the $1.2 billion Eurobond payment due today. Prime Minister Hassan Diab announced the government’s decision to withhold payment and seek to restructure public debt in a statement on Saturday. “Our international reserves have reached critically low levels, forcing the Lebanese Republic to withhold all the payments on the […]
The United States is seeking UN Security Council backing for the peace deal it signed with the Taliban aimed at ending America’s longest war and bringing US troops home from Afghanistan. A US draft resolution, would welcome the February 28 announcement of the agreement, AP reported, citing the document. It would also encourage “the sustained support” of the UN for efforts including the convening of “intra-Afghan […]
INX Ltd. has entered the home stretch for its $130 million initial public offering (IPO), potentially the largest registered securities sale by a company in the blockchain sector. The cryptocurrency and security token exchange startup is targeting an April launch date for the IPO, people familiar with the situation said. INX is about to kick off a series of presentations to potential investors, known as a […]
The FBI has released photos of doomsday mom Lori Vallow, her two now-missing children, and her brother during a Sept. 8 visit to Yellowstone National Park, and appealed to the public to submit any other video or photos from that day that could be helpful. The trip may have been the last time that Vallow’s daughter Tylee Ryan, 17, was seen. Her stepbrother, 7-year-old J.J., was […]
A cryptocurrency trading solutions provider spun off from Bitmain a year ago hopes to hit a $300 million valuation in its latest funding round. Singapore-based Matrixport, founded by Bitmain CEO Jihan Wu last February, is looking to raise $40 million in a new raise, sources familiar with the matter told Bloomberg. Should the round be successful, Matrixport’s post-money valuation would hit $300 million, nearly triple the […]
Saudi authorities are planning the execution of five young men who were arrested years ago when they were children, revealed a non-governmental human rights organisation today. The European Saudi Human Rights Organisation said in a statement that the charge of the five young men dates back all the way to when they were still children during the protests in the eastern Saudi province of Qatif in […]
The United Nations is seeking to inject some new blood into the peace process between Israel and Palestine, which many say has been dealt a fatal blow by US President Donald Trump’s “deal of the century.” Details of the controversial “peace plan” unveiled in January granted Israel nearly every one of its wishes while denying Palestinians their legally enshrined and internationally recognised rights. To revive the […]
Japan’s Deputy Justice Minister Hiroyuki Yoshiie met yesterday with Lebanese President Michel Aoun and Lebanese Justice Minister Marie-Claude Najem to discuss the return of former Nissan Chairman Carlos Ghosn who fled house arrest in Japan to Lebanon last year. Aoun’s office said on Twitter after the meeting that the officials discussed mutual relations and means of developing them, in addition to the matters that concern the […]
Vladimir Putin has confided that US President Donald Trump privately lamented the “insane” US military budget. He also says Russia protects itself by making the costs of attacking the country too high for anyone to contemplate. “The US has outstripped us” in terms of annual defense expenditure, the Russian president said in a new episode of news agency TASS’s ‘20 Questions to Vladimir Putin’ series. But being the […]
Egyptian intelligence chief Abbas Kamel has started an official tour around a number of Arab countries, with the aim to sign security agreements on “countering the growing influence of the Turkish President Recep Tayyip Erdogan in the region. Local media quoted intelligence sources as saying that the Egyptian army was “retreating from Libya,” adding that it was “pressing Turkey to retract its influence in North Africa.” […]
The government of Abu Dhabi is in talks with banks for a $2 billion loan, two sources familiar with the discussions said, a move which would allow the oil-rich emirate to tap new liquidity pools in an era of low oil prices, Reuters reported. Abu Dhabi, the capital of the United Arab Emirates, sold its latest international bonds in September last year, raising $10 billion for […]