Sri Lanka grants preliminary permission for Musk's Starlink.

By talking magic fingers -

 


On Thursday, Sri Lanka's president's office announced that Starlink, Elon Musk's SpaceX satellite business, has received preliminary approval to provide internet services.

Since Musk met with President Ranil Wickremesinghe at the 10th World Water Forum in Indonesia last month, Sri Lanka accelerated certification.
Sri Lanka's telecoms regulator granted preliminary clearance following a public consultation, according to a brief statement from the president's office.

Musk and Wickremesinghe discussed ways to increase internet connectivity in rural Sri Lanka, as well as potential collaboration on renewable energy, according to the president's office.

Comments

Post a Comment

Popular posts from this blog

Canadian dollar falls as greenback advances broadly

By talking magic fingers -
Image
 The Canadian currency fell against the U.S. dollar on Thursday as the greenback rose versus a basket of major currencies and the Bank of Canada repeated its potential rate cuts. After trading between 1.3715 and 1.3763, the loonie fell 0.2% to 1.3750, or 72.73 U.S. cents. "The U.S. dollar has maintained its bid tone since last week's stronger-than-expected nonfarm payrolls report," said Convera Canada ULC senior market analyst Michael Goshko. The U.S. dollar after the Federal Reserve on Wednesday delayed interest rate decreases until December, despite a weaker May producer price inflation report that weighed on Treasury yields. Friday's data revealed the U.S. economy added more jobs than projected in May. The BoC reduced rates last week, becoming the first G7 central bank to do so. On Thursday, at a conference in Ottawa, BoC Deputy Governor Sharon Kozicki reiterated the central bank's message that further cuts would follow if inflation eased, but policy choices wo
Read more

Nvidia split its stock 10-for-1. What to Expect Next.

By talking magic fingers -
Image
   [caption id="attachment_59317" align="aligncenter" width="1200"] image credit: Nvidia[/caption] Nvidia shares will drop to 10% of last week's price for good cause. On the first trading day of today, Nvidia stock is trading at $100 instead of $1,000 after a 10-for-1 stock split. Stock splits lower share prices by giving present holders more shares, making it easier for more investors to buy a stock. Nvidia split like many other tech companies whose shares had soared, so it reined them back and prepared for a new growth phase. Alphabet, Amazon, and Tesla all divided stocks in recent years. After Nvidia's share price soared beyond $900 earlier this year, investors speculated about a split. When it was announced late last month, along with a solid earnings report, the stock soared past $1,000. Now that Nvidia has finished this long-awaited procedure, here's what to expect. First, some stock split details. After trading closed on June 7, Nvidia
Read more

Elon Musk says Tesla shareholders are voting in support of his $56 billion pay plan.

By talking magic fingers -
Image
 Tesla shareholders were ready to approve Elon Musk's $56 billion pay plan, which was considered a vote of confidence in his leadership and an incentive to keep his focus on the electric vehicle company. Musk released a chart on his social media platform X late on Wednesday showing that the resolution and another vote to relocate the company's legal headquarters to Texas were expected to pass by large margins, though shareholders can amend their votes up until the commencement of the annual meeting. A source familiar with the preliminary voting results confirmed that Musk provided an accurate count of the figures. The decision will be made at a meeting at Tesla's headquarters in Texas on Thursday at 4:30 p.m. EDT (2030 GMT). "Thanks for your support!" Musk stated. The Tesla CEO may still face a lengthy legal battle to persuade a Delaware judge, who disqualified the package in January, calling it "unfathomable." He may also face new litigation following T
Read more