Major US ISPs are set to sue the state of New York after it passed a legislation requiring ISPs to provide broadband internet service for low income families at a maximum monthly charge of $15. The legislation passed two weeks ago was meant to enable low income families to getContinue Reading
Tourist arrival to the Maldives has decreased in April 2021 after a slow increase in tourists arrivals in March 2021. According to the data published by the Ministry of Tourism, tourist arrivals decreased by 24.39% in April 2021 compared to March 2021. The sudden drop in tourist arrivals is speculatedContinue Reading
The online cryptocurrency Bitcoin’s value has surged past $34,000.00 for the first time. Although it is now drifting at around $33,000.00 the Bitcoin remains at the top of the cryptocurrency markets. The current rapid rise in Bitcoin’s value has been attributed to the worldwide lockdowns imposed due to the COVID-19Continue Reading
As the ninth generation of home video game consoles rolled out last week, the top heavy weights of the industry are facing trouble with their latest products. Microsoft’s X Box Series X and Sony’s PlayStation 5 has been plagued by bugs and manufacturing faults at their launch. Multiple tech andContinue Reading
Maldives Inland Revenue Authority (MIRA) has revealed the comparative monthly statistics for state revenue earned in October 2020 in a statement released to the media. According to the data provided, MIRA received a total of MVR 390.57 million in October 2020, a 57.9% lower amount than during the same periodContinue Reading
World renowned credit rating agency Fitch, has issued as CCC rating for the Hulhumale’ Development Corporation (HDC). HDC which was initially awarded a B+ rating at the end of 2019, the highest grade in the non-investment bracket was downgraded to CCC rating after just 2 years. Fitch Rating’s decision toContinue Reading
The government of Maldives has announced that it is planning to introduce an alternative to US Dollar for import and export payments. The Governor of the central bank MMA, Mr Ali Hashim has stated that “To reduce the high demand for US Dollars in Maldives, Maldives Monetary authority (MMA) isContinue Reading
The US department of Justice has filed an anti-trust case against Google for the monopolization of search-ad markets. It is estimated that of all the search engines, Google accounts for a dominating 86.86%, making this one of the biggest legal cases against a tech firm. According to The Wall StreetContinue Reading
Although early months of 2020 showed negative figures for Chinese economy, the worlds 2nd largest economy has shown a 4.9% growth in its economy between July & September compared to the same quarter last year. While the growth of 4.9% is slightly lower than forecasted 5.2% the industrial output cameContinue Reading
Global olive oil prices are expected to rise following Italy’s drop in olive oil production due to Olive tree leprosy. According to the Italian farming association Confagricoltura, the nations olive oil production is expected to be only at 270,000 tones, almost 30% lower than in 2019. Italian Olive oil areContinue Reading