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Spirit Airlines - Merrick Garland - US sues to block JetBlue from buying Spirit Airlines in $3.8B merger - fox29.com - Usa - area District Of Columbia - state Massachusets - city Boston
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US sues to block JetBlue from buying Spirit Airlines in $3.8B merger
block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.The Justice Department said the tie-up would especially hurt cost-conscious travelers who depend on Spirit to find cheaper options than they can find on JetBlue and other airlines.Attorney General Merrick Garland held a news conference to announce the antitrust lawsuit — a sign of the importance that the administration places on stopping further consolidation in the airline industry."If allowed to proceed, this merger will limit choices and drive up ticket prices for passengers across the country" and "eliminate Spirit's unique and disruptive role in the industry," he said.The Justice Department lawsuit, filed in federal district court in Boston, stressed that the deal would mean the end of the nation's biggest "ultra-low-cost carrier." Those are airlines that generally provide the cheapest fares but also tend to charge more fees.The Justice Department lawyers said Spirit's demise would eliminate about half of all ultra-low-cost seats in the market.New York, Massachusetts and the District of Columbia joined the lawsuit. JetBlue and Spirit vowed to continue fighting to salvage their agreement.JetBlue and Spirit have anticipated a legal challenge for weeks.
Sri Lankans - Tharaka Balasuriya - Sri Lanka attends UN conference in Qatar - newsfirst.lk - Sri Lanka - Italy - Palestine - Qatar - city Doha, Qatar
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Sri Lanka attends UN conference in Qatar
Colombo (News 1st) – State Minister of Foreign Affairs Tharaka Balasuriya was amongst the dignitaries present for the Fifth United Nations Conference on the Least Developed Countries taking place in Doha, Qatar The event is being held from the 5th to the 9th of this month.State Minister Tharaka Balasuriya met with counterpart Sultan bin Saad Al Muraikhi, the Minister of State for Foreign Affairs in Qatar, for a discussion that touched upon many areas including the recognition of the Sri Lankan Engineering degrees by Qatari authorities and Sri Lanka's technical support for Qatari government's attempt to promote cricket in Qatar. Tharaka Balasuriya also expressed Sri Lanka's unwavering support for the Palestinian cause and its people to the President of the State of Palestine Mahmoud Abbas.With ongoing progressions and developments on the new establishment of the Office of Overseas Sri Lankans, the State Minister held a side meeting with HE Antonio Vitorino, Director of IOM in Doha, in which HE Vitorino assured IOM support on the digitalization of the Office of Overseas Sri Lankans as well as continuous support of the IOM with matters pertaining to migration. State Minister Balasuriya also met with Deputy Minister of Foreign Affairs, Italy Maria Tripodi. Discussions were held, particularly on bilateral relations between the respective countries.
Masahiro Nozaki - Peter Breuer - Sri Lanka’s proposed tax rates are in line with international comparison – IMF - newsfirst.lk - Sri Lanka
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Sri Lanka’s proposed tax rates are in line with international comparison – IMF
COLOMBO (News 1st); The International Monetary Fund Mission in Sri Lanka says that efforts to increase tax revenues should be pursued in a growth-friendly manner while protecting the poor and most vulnerable. Peter Breuer, Senior Mission Chief for Sri Lanka, and Masahiro Nozaki, Mission Chief for Sri Lanka noted that it is however also important that those who can most afford it, make commensurate contributions to the financing of the necessary government expenditures. The tax package the authorities have introduced, including the new tax rate schedule for the personal income tax, helps to meet these objectives, the statement added.Peter Breuer, Senior Mission Chief for Sri Lanka, and Masahiro Nozaki, Mission Chief for Sri Lanka, also noted that the tax rates proposed under the authorities’ program are also in line with international comparison.In response to recent media questions around income tax hikes in Sri Lanka, the statement noted that Tax reforms are needed to correct this imbalance. "Only with appropriate tax receipts will the Government will be able to fund essential expenditures, and avoid further slashing of critically important outlays. These reforms will also help regain confidence of creditors," it added."The current economic crisis has a number of origins, including the government’s inability to meet government spending needs through its revenue collections.
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