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Business News

Location American Business News for 6 March 2022
Will sale of shares attract 10% LTCG tax if sold post 12 months? Interest earned from bonds/debentures issued by PSBs/PSUs is taxable income in the hands of the recipient unless such bonds are specifically exempted by the government through notification
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Here's what we know about Starlink in Ukraine so far

Business Insider - 6 Mar 2022 19:48
There have been many developments surrounding the use of Starlink systems in Ukraine, following Russia's invasion of the country.
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Restaurants Debate Masks as Covid-19 Rules Rapidly Disappear

Wall Street Journal - 6 Mar 2022 17:00
Restaurants Debate Masks as Covid-19 Rules Rapidly Disappear Some say there is benefit for businesses and workers when mask mandates are removed. Others say they fear alienating employees and diners by eliminating mask and vaccination requirements when allowed to do so.
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Elon Musk Says Starlink Will Not Censor Russian News Sources Despite Government Requests Spacex CEO Elon Musk says that Starlink has been told by some governments to block Russian news sources. However, he affirmed, “We will not do so unless at gunpoint.” Elon Musk Refuses to Censor Russian News Sources ...
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Mastercard and Visa Suspend Operations in Russia

The New York Times - 6 Mar 2022 05:53
Mastercard and Visa Suspend Operations in Russia Russian-issued cards will no longer work in other countries, and purchases from Russian vendors by cardholders in other countries will be cut off.
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Residents and journalists fled Irpin, located northwest of Kyiv, after Russian shelling targeted a bridge that was used to evacuate civilians.
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In a letter to the company's board, the activist investor says has sold the remainder of his stake and his two remaining board representatives are also resigning.
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Small Business Cybersecurity Concerns Amid Russia-Ukraine Crisis

Small Business Trends - 6 Mar 2022 18:00
Small Business Cybersecurity Concerns Amid Russia-Ukraine Crisis One week before Russia launched its invasion of Ukraine, the Cybersecurity and Infrastructure Security Agency (CISA) issued a rare cyber "Shields Up" warning.
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Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30% More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year.
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Massachusetts Small Businesses Can Get Some of $75 Million COVID Grant Fund There is some good news for small businesses in Massachusetts as the Baker-Polito Administration announce a new $75 million grant program.
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The Week in Business: Guns vs. Economic Sanctions

The New York Times - 6 Mar 2022 16:00
The Week in Business: Guns vs. Economic Sanctions U.S. employers added 678,000 jobs in February, a strong gain. President Biden unveiled a new coronavirus defense strategy. And we're about to hear how much prices rose in February.
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Inside Florida's 'Little Moscow,' where Russian money flows thanks to 'rich daddies' snapping up real estate Miami's Russian elite are worried future sanctions will blacklist them from buying luxury real estate in Sunny Isles Beach, Florida.
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Left Bank And Entre-Deux-Mers Bordeaux 2019 Wines Taste Superb Rich and full wines ripe for food pairing
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77 New Hotels Around The World Opening This Spring Dozens of hotels around the world are opening for the first time between March 1 and May 31. No matter which part of the world you visit (and thankfully, many countries are finally making plans to reopen), there is a new...
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Rich Dad Poor Dad's Robert Kiyosaki Advises Investors How to Profit From Inflation The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has given some advice on how to profit from inflation. Bitcoin is part of his strategy. He also praised the Ukrainian government for standing...
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SBI vs HDFC Bank vs Canara Bank vs Bank of Baroda: Latest FD rates here Let's take a look at the latest FD interest rates offered by Canara Bank, Bank of Baroda (BoB), SBI and HDFC Bank
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Visa and Mastercard announce they're suspending operations in Russia amid its invasion of Ukraine Visa said the suspension would be "effective immediately" and all transactions would cease within a matter of days.
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NFT Infrastructure Provider Rarify Gets $10 Million Investment in Series A Funding Round Led by Pantera Capital Rarify, a startup that helps third parties include NFT elements in their tech platforms, has raised $10 million in its Series A funding round. The round was led by Pantera Capital, a leading cryptocurrency-based venture ...
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What Is Success For Your Business?

Forbes - 6 Mar 2022 02:11
What Is Success For Your Business? Working on your business without tracking the correct KPIs is like working blindfolded. Define your success metrics early on.
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PayPal has suspended its services in Russia, condemning the country's 'violent military aggression' in its invasion of Ukraine Days prior, PayPal had stopped accepting new users in Russia, where it was previously allowing cross-border payments.
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Ukraine Needs A Berlin Airlift: How NATO Could Establish Humanitarian Air Corridors Forget about establishing a no-fly zone over Ukraine. It would be much more feasible to declare and secure humanitarian air corridors through the country to enable a modern-day Berlin Airlift for beleaguered civilians.
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Ukraine, Covid Aid at Stake as Spending Bill Talks Continue

Wall Street Journal - 7 Mar 2022 01:53
Ukraine, Covid Aid at Stake as Spending Bill Talks Continue Congress faces a weekend deadline to keep the government fully funded.
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