Tag: due

Jetex Business Jumps Due To Lack of First-class Flights

Jetex has seen business boom at its marquee VIP terminal at Dubai Al Maktoum International Airport (DWC) as Covid-19 has caused a dearth of first-class flights at UAE airline Emirates, which is today flying to only around half of the destinations it normally serves. “I expect the second half of 2020 to [see] 200 percent growth compared to [the same period] last year,” Jetex founder and CEO Adel Mardini told AIN.

He said he sometimes saw as many as 20 to 25 flights a day going through Jetex’s VIP Terminal since April. “I would say 70 percent of our new customers are coming from Emirates and Etihad’s first-class clientele. People who used to fly 10 times a year in first class are now flying three times by private jet—and it’s the same budget. The more airlines shut down, the more business will come to us,” Mardini said.

Jetex has

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More Than 70% of Students Who Fear Lower Grades Due to Online Learning Don’t Always Have Internet Access

WASHINGTON, Sept. 29, 2020 /PRNewswire/ — Seventy-one percent (71%) of students who expect lower grades than usual while learning remotely don’t always have access to high-speed internet, according to a new report from The Manifest, a business how-to and news website.

The survey accounts for 400 high school and college students’ impressions on remote learning in the fall 2020 semester.

Internet access is essential for students to attend classes, submit assignments, and collaborate with classmates. Students with limited access have already started to fall behind in class.

Accessibility disproportionately challenges Black, Latino, and Native American students, as well as those living in rural areas. Academic achievement gaps resulting from a lack of internet access will most severely impact these groups.

Students Expected to Purchase Expensive Back-to-School Tech Equipment

Expensive technological equipment is another barrier to entry for disadvantaged students participating in remote learning.

Students will need to

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Balance Transfer Cards Are Harder to Get Due to COVID-19. Can You Qualify?

Paying off debt is easier with balance transfer offers, but they might be running out.

In times of economic uncertainty, lending becomes riskier and creditors tighten their purse strings. The current recession, announced by the National Bureau of Economic Research (NBER) just months after the COVID-19 outbreak was declared a global pandemic, is no different.

While we haven’t seen massive shifts in lending yet, there have been notable changes. In particular, credit card issuers seem to be pulling back on balance transfer promotions. Some popular credit cards have dropped their balance transfer offers altogether, and many of the best balance transfer offers have shortened promotional periods. Meanwhile, standards to qualify for a balance transfer offer are rising.

If you’re facing an outstanding balance on your credit card and think a balance transfer to pay off debt could help, you might not be out of luck. Here’s what you need to

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Thailand extends visa renewal grace period for foreigners stranded due to COVID-19

BANGKOK: Thailand on Monday (Sep 28) said it will extend a grace period for visa renewals for foreigners stranded in the country due to the COVID-19 pandemic until the end of October, as travel restrictions remain in place and new infections climb globally.

The extension will allow foreigners to remain in Thailand until Oct 31, a spokesman for the government’s coronavirus taskforce Taweesin Wisanuyothin told Reuters.

The matter is subject to cabinet approval on Tuesday.

Thailand halted commercial flights in April and banned foreign visitors in an effort to keep COVID-19 at bay, with repatriation flights the only means of leaving the country.

In July, authorities granted automatic visa extensions to Sep 26 for all foreigners.

READ: Thailand to offer grace period for foreigners’ visa extensions

After October, a new immigration regulation will allow foreigners to apply for 60-day extensions to remain in the country if

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N.Y. Times report on Trump’s taxes says he avoided paying due to business losses

In a story posted Sunday afternoon, the Times said it had obtained tax-return data for Trump and his businesses covering much of the last two decades. Trump has refused to release his tax returns — making him the only president in recent history to do so — and he went to the Supreme Court earlier this year to stop Congress and the Manhattan District Attorney from accessing them.

The Times story shows what Trump would not: that the business empire he brags about has struggled, with keystone properties like the president’s Doral resort and his D.C. hotel steadily losing money. And that, in the next few years, Trump will be required to pay about $421 million in loans and other debts.

The Times story said Trump is still fighting the IRS over a $72.9 million tax refund that he was granted in 2010. The IRS is trying to determine if

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Maggie Wang, claimed to run visa ‘scam’ for former Wagga MP Daryl Maguire, due to appear at ICAC | The Canberra Times

news, latest-news, Wagga MP, Daryl Maguire, ICAC, Maggie Wang, Independent Commission Against Corruption, Operation Keppel, Wagga Wagga

A woman accused of recruiting and paying businesses in a cash-for-visas “scam” allegedly linked to former Wagga MP Daryl Maguire is due to appear at a corruption hearing this week. The first week of Independent Commission Against Corruption hearings into Mr Maguire heard claims that Maggie Wang handed business owners cash to take on Chinese visa applicants who never showed up to work. Ms Wang, who witnesses have claimed was involved in attempted or successful cash-for-visa schemes at six businesses is listed to appear at the upcoming ICAC hearing on Tuesday. ICAC has heard that Ms Wang was employed by a Wagga-based company called G8wayinternational, which was allegedly set up to generate profits for Mr Maguire. As multiple witnesses have testified, the alleged scam would allow Chinese nationals to apply for a visa

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Apple Suspends Commissions for Apps Offering Paid Online Events Due to Coronavirus

Apple doesn’t normally allow app developers to process payments for in-app purchases themselves or use third-party services.



Photo:

Jeff Chiu/Associated Press

Apple Inc.


AAPL 3.75%

said it is giving some businesses a reprieve from paying a 30% commission on paid events and experiences through mobile apps, a move that comes as the App Store owner faces scrutiny from software developers and regulators over how its digital marketplace operates.

The announcement Friday follows

Facebook Inc.


FB 2.12%

confirming that Apple approved its request to exempt businesses hosting live online events through its app from being required to pay a cut of sales to Apple.

Apple’s exemption, which will last until the end of the year, is significant because it doesn’t normally allow app developers to process payments for in-app purchases themselves or use third-party services, saying those alternative platforms could pose security risks.

The

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Restructuring firms are seeing a business boom due to the coronavirus

  • Firms that help to restructure or wind down distressed startups and other companies are seeing a big pick-up in business.
  • At one firm — Silicon Valley-based Sherwood Partners — the number of calls it’s getting and deal it’s signing are up 300% from the levels they were at 12 to 18 months ago, its cofounder Martin Pichinson told Business Insider.
  • The pandemic is sparking major changes in the economy and venture and other investors are responding to that by shifting their investments away from companies that are struggling toward those that are benefiting from the changes, Pichinson said.
  • Companies are less willing to spend up to acquire startups and other firms and instead are turning to Sherwood and Diablo Management Group, another restructuring company, to buy only the assets of their acquisition targets, leaving their liabilities behind.
  • Visit Business Insider’s homepage for more stories.

The US economy may still be

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How a major retailer quickly met a dramatic increase in online orders due to COVID-19

When the COVID-19 pandemic overwhelmed the globe, agility became the top priority for just about every business. Almost overnight, organizations needed to quickly adapt to a new normal – from ensuring employees could work from home to ramping up online options for goods and services.

The inside story of how one retailer quickly adapted

One industry that needed to rapidly scale online activity was retail, due to the sudden increase in online sales and demand for delivery options. Ecommerce surged in March, and currently it shows no sign of slowing. Retailers needed to rapidly ramp up their online presence if they were to stay competitive.

One specialty retailer was better prepared than many in the industry for this dramatic spike in online shopping. In the early 2000s, the retailer realized that to be successful, it had to focus on its online business. That meant a huge push toward digitally transforming

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Palm Beach County offers aid to businesses that closed due to COVID-19 restrictions

As bars and numerous other businesses continue waiting for permission to reopen from COVID-19 restrictions, Palm Beach County is offering some financial relief.

On Friday, businesses that were forced to shut down due to COVID-19 restrictions will be allowed to apply for individual grants for up to $25,000. Palm Beach County is allocating $23 million for this round of grants and will process claims on a first-come, first-served basis.

Palm Beach County will begin accepting online applications at 8 a.m. Friday. The two-week window will close on Oct. 9.

Those eligible would be a business that:

Was shut down or had services limited due to a state or county executive order

Was operating Oct. 1, 2019, and still operating on Feb. 29, 2020

Did not receive a restart business grant in Phase 1.

Also, no publicly-traded companies or nonprofit organizations would qualify. A full list of requirements can be found

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