Canadian airlines could ‘fail’ if forced to refund passengers, says transport minister

Transport Minister Marc Garneau says that Canadian airlines could go bankrupt if the ailing industry is compelled to refund passengers billions of dollars for flights cancelled due to the pandemic. “I have said many times that I have enormous sympathy for those who would have preferred to have a cash refund in these difficult circumstances. It is far from being an ideal situation,” Garneau told a press conference …

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T-Mobile’s mid-band 5G network is now cracking 1Gbps, showing Verizon and AT&T are seriously screwed

If you were to ask Verizon, they’d tell you gigabit 5G can only be enabled through the power of (seriously difficult to deploy and expensive) mmWave technology. Recent tests of T-Mobile’s fully live 5G mid-band network in New York City would like to have a word with Verizon on that point, though: testers have begun cracking the gigabit barrier on some handsets, as revealed in SpeedTest.net’s latest reporting. …

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These are the 8 mega-billionaires who have gotten the biggest boost to their net worth this year as the world has grappled with coronavirus

  The coronavirus pandemic has whiplashed global markets this year, sending stocks on a rollercoaster ride as the world rushed to contain the spread of COVID-19. The market meltdown that bottomed on March 23 erased trillions from US stocks, swiftly ending the longest-ever bull market and dashing nearly all gains made since President Trump took office. In addition to the market rout, extreme volatility whipped through indexes …

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What is Section 230? Legal Shield for Websites is Targeted by Trump

So why was the law created? We can thank “The Wolf of Wall Street.” Stratton Oakmont, a brokerage firm, sued Prodigy Services, an internet service provider, for defamation in the 1990s. Stratton was founded by Jordan Belfort, who was convicted of securities fraud and was portrayed by Leonardo DiCaprio in the Martin Scorsese film about financial excess. An anonymous user wrote on Prodigy’s online message board that …

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Salesforce cuts annual estimates on COVID-19 hit

(Reuters) – Salesforce.com Inc cut its annual revenue and profit forecasts on Thursday, as the cloud-based business software maker allowed clients to defer payments and provided its sales team one-time commissions amid the COVID-19 pandemic. FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid Shares fell 3% in choppy extended trading as investors …

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Google explores Vodafone Idea deal

Google is considering acquiring a 5 per cent stake in struggling joint venture Vodafone Idea, a move that would step up competition with rival Facebook in India’s fast-growing mobile market, Financial Times (FT) reported. According to FT sources, Google is looking to capitalise on Vodafone Idea’s financial struggles, which have been triggered after regulators in the country ordered operators to pay adjusted gross revenue dues late last …

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Amazon CEO Jeff Bezos Predicted To Become World’s First Trillionaire

PA Images Nobody on the face of the planet has ever been a trillionaire. Soon, Amazon CEO Jeff Bezos could be the first.  The e-commerce tycoon has been raking in the cash for some time now, and the current outbreak seems to only have helped. With businesses closed and people quarantining en-masse, online shopping has seen a major uptick – in 2020’s first quarter, Amazon has reportedly …

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BREAKING: Casinos, theaters and other businesses can reopen Saturday

That includes movie theaters, casinos and other entertainment attractions — like zoos, skating rinks, museums and comedy clubs. Whether those businesses are ready to reopen remains to be seen. KOLD News 13′s Hannah Tiede is working to find out about the major local venues and businesses in southern Arizona. According to its website, Casino Del Sol plans to reopen at 8 a.m. Thursday, May 21. Desert Diamond …

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