Coronavirus outbreak in China still has geoduck fishery closed in Alaska

first_imgAlaska’s Energy Desk | Coronavirus | Economy | Fisheries | Nation & World | SoutheastCoronavirus outbreak in China still has geoduck fishery closed in AlaskaFebruary 24, 2020 by Eric Stone, Alaska’s Energy Desk – Ketchikan Share:Geoducks are the largest burrowing clam in the world and can also live more than 100 years. The geoduck fishery is closed until at least March 5, 2020, due to a drop in demand from Chinese customers during the coronavirus outbreak. (Photo courtesy USDA)Alaska geoduck clam divers are stuck sitting on the beach until at least March 5.A group of fishermen who determine whether to open the fishery made the call on Thursday, Feb. 20, to keep it closed.Geoduck clams are two- to three-pound clams that live in the waters of the Pacific Northwest. They’re harvested live and sold largely to customers in China. But the ongoing coronavirus outbreak has shuttered restaurants and seafood markets on the other side of the Pacific.Divers say they can usually get at least five to 10 dollars per pound for their catch. But the drop in demand in the wake of the coronavirus outbreak has pushed that figure down to about one dollar a pound.So in late January, divers decided not to conduct tests that would allow the state to open the geoduck fishery. It’s remained closed ever since.They’ll meet again March 5 to determine whether the geoduck market has recovered enough to go fishing.Share this story:last_img read more

Best of the Brokers for 31 March 2015

first_img Tags: NULL whatsapp Express KCS Best of the Brokers for 31 March 2015 To appear in Best of the Brokers, email your research to [email protected] NOOR HOSPITALSJefferies reiterated its “buy” rating on the hospitals group, after results for 2014 showed a strong finish to the year. The broker added that the outlook for 2015 is “qualitative” and said this “reiterates the attractive market dynamics, which are still underappreciated”.BOOKERShore Capital reiterated its “hold” rating for the wholesaler, ahead of its full-year results, due on Thursday. The broker said the company may be subject to a number of ebbs and flows, making for a “slightly weaker than previously experienced trading momentum”.CARNIVALNumis moved the cruise company’s rating from “hold” to “add”, after the firm’s results “provided clear evidence of improving industry fundamentals”. The broker said the group’s management is “developing a track record of under-promising and over-delivering”. whatsapp Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April Show Comments ▼ Monday 30 March 2015 8:25 pm last_img read more

Premium / Supply chain radar: Tim Scharwath leads the show at DP-DHL – please do not kick the IPO can down the road forever

first_img Password* By Alessandro Pasetti 07/03/2019 Premium subscriber LOGIN There are several moving parts in the annual results of German integrated logistics operator Deutsche Post-DHL, but the key highlight for freight forwarding junkies like you and me was arguably the outstanding performance of global air freight leader by volumes for DHL Global Forwarding, Freight (DGFF).As I briefly noted earlier today here, it took Tim Scharwath less than two years to turn it around, delivering an outstanding performance in a 3PL market where many of its rivals are either sputtering … Email* Email* Reset Please either REGISTER or login below to continue LOGINcenter_img Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Reset Your Password Forgotten your password? Please click here Pixabay Please Login << Go back New Premium subscriber REGISTERlast_img read more

ODPEM Pleased with Public’s Response to Haiti Disaster

first_imgRelatedODPEM Pleased with Public’s Response to Haiti Disaster FacebookTwitterWhatsAppEmail Director General of the Office of Disaster Preparedness and Emergency Management (ODPEM), Ronald Jackson, has said that the agency’s post-earthquake relief efforts in Haiti have been going well.“We have been collecting quite a bit from our side (ODPEM), and from the points of collection that we’ve outlined within the parishes, and we have been packaging and distributing those to the airport for movement out to Haiti,” Mr. Jackson told JIS News on January 19.The Director General noted that ODPEM has prioritised water, food and medical supplies for the operation.“All the items that have gone (to Haiti) so far have been water, food and medical supplies, and we will continue to do that until we have exhausted those items before sending clothing (and other supplies),” he said.Mr. Jackson also told JIS News that he is pleased with the nation’s response, with the agency already processing over 2,500 boxes of supplies that have been sorted, labelled and packaged.“One could not have foreseen the kind of outpouring that occurred in terms of people bringing out items, and the volunteers coming on board and giving of their time,” he said, noting that volunteers have ranged from legal and medical personnel to students.He lamented that the relief efforts in Haiti are progressing slowly, due to the challenges with transportation and fuel. He pointed out that the lack of fuel in Haiti has hampered the transportation of relief workers.Mr. Jackson said he held discussions with external partners, to see how best to collaborate in facilitating the supply of fuel into Haiti to assist relief operations.He noted that despite earlier challenges with getting supplies into Haiti, ODPEM was able to send supplies with a plane dispatched by Air Jamaica, as well as an aircraft provided by the Canadian arm forces, and by other means.He said that the agency is currently making arrangements to ramp up its relief operations, in respect of the dispatch of items to Haiti. This is essential as Jamaica co-ordinates the response from the region.“The regional contributions are set to kick off in the next day or two, with the departure of one vessel (with supplies) from Trinidad and Tobago and others likely to be coming via Caribbean Airlines, possibly into Jamaica,” he said. ODPEM Pleased with Public’s Response to Haiti Disaster Office of the Prime MinisterJanuary 20, 2010 RelatedODPEM Pleased with Public’s Response to Haiti Disastercenter_img RelatedODPEM Pleased with Public’s Response to Haiti Disaster Advertisementslast_img read more

Interim Administrator Minute and Performance Improvement Order

first_imgInterim Administrator Minute and Performance Improvement Order Last Friday the Council was given notice by the Minister for Local Government the Hon Shelley Hancock MP of her intention to issue a Performance Improvement Order on Armidale Regional Council under the Local Government Act 1993. Council has seven days to make any submissions.I am attaching the letter from the Minister together with the draft Order.My term as Interim Administrator concludes on 11 December 2020 and I am required to submit a further report including recommendations to the Minister by 27 November.While it is pleasing to report that there are some “green shoots” there is still a long way to go to put in place a Council that undertakes its statutory obligations and has the respect of the community it seeks to serve.I was extremely fortunate to secure the services of Mr John Rayner PSM as the Acting General Manager and together we have used our experience to rebuild systems and procedures within the Administration and to stabilise the Council’s failing finances. In my view the former and suspended Councillors together with CEO’s and some staff failed and there remains a denial on the part of some to acknowledge their contribution in that regard.A new General Manager (James Roncon former General Manager Broken Hill City Council) has been appointed and will commence duties on 11 January 2021. I am very confident that Mr Roncon is the right fit to address the many challenges of the organisation but he will need “air”.The organisational structure of the Council is complex and confusing. Since the 2016 merger there have been four formal reorganisations and eight General Managers including acting and interim. The cost not only in dollars but mental health considerations of staff and service delivery is considerable. While Mr Rayner and myself have our views on the structure that would best serve ARC we have taken the decision that it is best left to the incoming General Manager and there remains a number of vacancies at all levels across the organisation. We also question whether some people now holding senior positions have the right skills and experience.In my earlier report to the Minister I recommended that consideration be given to the conduct of a Public Inquiry and outlined a number of examples where in my view the Council had failed the community it was meant to serve in the exercise of its functions, provision of core services and decision making, community participation, financial management and Integrated Planning and Reporting.I can now report that many of the matters I raised are being addressed and have or will be reported to Council and many matters and policies are rightfully being put to public consultation. The workload of the Administration has been enormous and they have responded with professionalism and confidence.Very importantly ARC is now enthusiastically responding to both Federal and State Government grant opportunities and there appears to be a renewed trust with not only local Members but government departments and agencies. The capacity of the Council to manage these opportunities should not be underestimated and is stretching some areas of the Council to the limit and the Acting General Manager is recruiting Project Managers with a ‘can do’ approachSome legacy issues are now the subject of independent financial scoping and will be the subject of report to Council as soon as possible.In addition to all of the above the Acting General Manager is introducing a ‘Back to basics’ culture in the organisation and emphasising the importance of the Council Community Strategic Plan (CSP) process and delivery of same.Clearly there is a strong commitment of the staff under both Messers Kerr and Rayner’s leadership to ensure that ARC is a good example of sound local governmentGiven the governance and financial matters raised in the Minister’s Performance Improvement Order and the appointment of both Independent Financial Controller and Temporary Advisor with clear briefs I am confident the incoming General Manager will have the “air” to address the myriad of challenges that confront ARC. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Armidale, Armidale Regional Council, Broken Hill, community, council, culture, Federal, Government, local council, Local Government, mental, mental health, Minister, planning, project, public consultationlast_img read more

New CU-Boulder business accelerator to launch six student businesses this summer

first_img Published: June 5, 2014 “With numerous projects courses and business and technology competitions, we have a rich entrepreneurial community across the CU-Boulder campus,” says Doug Smith, assistant dean for programs and talent in CU-Boulder’s College of Engineering and Applied Science. “But until now we haven’t had anywhere for these students to go next. We saw a need for this kind of accelerator community right here on campus. As educators, we want to teach our students, but we also want to help them launch their businesses.” Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Categories:AcademicsBusiness & EntrepreneurshipScience & TechnologyCampus CommunityNews Headlines Twenty-two entrepreneurial students are gearing up to turn their innovative ideas into serious startups this summer with the support of a new business accelerator program at the University of Colorado Boulder.Kicking off on Saturday, June 7, with an inaugural cohort of six project teams, Catalyze CU-Boulder will provide mentorship, grants and space at Spark Boulder to support students as they launch startup companies to develop promising technologies. The technologies range from a mobile app for the sports industry that scores social media influence to a solar irrigation system for the developing world.Over the course of eight weeks, the teams will aggressively develop their ideas, products and businesses with guidance from local business experts.“Our goal is to move them to the next stage, whatever that is,” says Doug Smith, assistant dean for programs and talent in CU-Boulder’s College of Engineering and Applied Science. “It could be product development, raising capital funds, and, in some cases, releasing their products on the market.”The engineering college launched the program in partnership with the Deming Center for Entrepreneurship at the Leeds School of Business and Spark Boulder, a student co-working space and “innovation hub” founded by engineering senior Fletcher Richman and classmates.Catalyze CU-Boulder is modeled after the best practices of business accelerator programs across the country, with input from local business icons Brad Feld and Jason Mendelsohn of the Foundry Group and Dave Cohen, founder of TechStars. The program builds on existing collaborations of students, faculty, alumni and local businesses committed to supporting student entrepreneurship.“With numerous projects courses and business and technology competitions, we have a rich entrepreneurial community across the CU-Boulder campus,” says Smith. “But until now we haven’t had anywhere for these students to go next. We saw a need for this kind of accelerator community right here on campus. As educators, we want to teach our students, but we also want to help them launch their businesses.”Catalyze CU-Boulder has attracted teams from capstone design courses and business competitions, such as the popular New Venture Challenge, that are inspired to take their projects to the next level. More than 35 teams applied to be part of the first Catalyze CU-Boulder class, including undergraduate and graduate students from degree programs across campus.“We applied for Catalyze CU-Boulder because we feel we have a great idea but need to learn how to best articulate our ideas and market our products for our consumers,” says Jana Jeffers, a member of the Dynamic Measurement Solutions team, which hopes to revolutionize the way prosthetic sockets are fit to help amputees return to dynamic activities more quickly and comfortably. “With the expertise assembled in the Catalyze CU-Boulder team, we’re sure to learn all this and more to make our business a success.”Catalyze CU-Boulder is open to CU-Boulder students and faculty. Smith says students will finish the two-month program with a clear sense of their next steps and an invaluable network of supporters and connections in the community to help them continue their endeavors.Teams participating in the inaugural cohort are: Malleable Metals  Malleable plastics that can be molded directly onto the body to eliminate the need for mold-making currently required for custom orthopedics. Dynamic Measurement Solutions  A novel device that uniquely measures displacement of a residual limb within a prosthetic socket during dynamic movements along multiple axes.  Global Solar  A solar drip irrigation pump for rural farmers in India that uses mirrors to concentrate solar power and reduce the initial price by 50 percent. QuintEssentials  A subscription service that delivers care package items to college freshmen in their residence halls. Shinesty An online clothing platform that helps people who want to look awesome find outrageous and hilarious clothing. IconPulse  A Web platform and app that scores social media influence for the sports industry.Contact: Doug Smith, Engineering and Applied Science, [email protected] Ashley Tillman, Deming Center, [email protected] Courtney Staufer, engineering college communications, [email protected]last_img read more

Strategies for doing well in a large lecture class

first_img Published: Jan. 17, 2020 Large lecture classes may be a new experience for many of us, but there are strategies for doing well. Here are some tips for making your lecture class a success this semester.Sit near the front of the classIf possible, sit as close to the front of the class as you can. This will help you stay engaged during the lecture and retain information.Eliminate distractionsIf you are someone who gets easily distracted, do what you can to maintain focus during class:Put your phone on silent and out of reach, like in your backpack.Consider taking notes by hand and not on a laptop, where you can check email or do other tasks.If you prefer to use a laptop to take notes, log out of social media accounts and turn off notifications. Avoid opening a web browser and email if you can.Introduce yourself to others around youTry to get to class early and introduce yourself to those sitting around you. If you are someone who enjoys studying with others, consider setting up a study group with those you meet.Go to your instructor’s office hoursFaculty members often make time during the week to be available for students outside of the classroom. This is known as “office hours.” Office hours allow you to meet one-on-one to ask questions or express concerns.  It’s beneficial to go to your instructors’ office hours early in the semester to introduce yourself. This can make it easier to ask for help or guidance later on. Regularly attending office hours and establishing a rapport with faculty can offer additional opportunities, like research projects or internships. Ask for helpIf you find yourself struggling or not understanding the material, don’t hesitate to ask for help—and ask early! Take advantage of free academic resources such as the Writing Center and University Libraries. Free tutoring in all subjects is available to students living in the residence halls and Bear Creek Apartments and first-year commuter students through the Academic Success & Achievement Program.Categories:AcademicsCampus Community Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Afternoon Brief, August 23

first_imgHome Afternoon Brief Afternoon Brief, August 23Afternoon BriefAfternoon Brief, August 23By Editor – August 23, 2019 309 0 Linkedin Subscribe to the Afternoon Brief Previous articleHigh-Powered High Heels Returns on Oct. 11Next articleCastello di Amorosa Named “Best Tasting Room” in the U.S. Editor Subscribe to the Afternoon BriefAdvertisement Facebook Share ReddItcenter_img Twitter Trending Story:Millennials Maybe, but New Data Direct the Wine Industry to Gen XIt’s doubtful anyone questions how much influence the Baby Boomer generation has had (still has) on the continued growth of the U.S. wine industry over the past forty years-the latest Wine Analytics Report has domestic table wine sales at $73 billion, 3% higher than last year at this time…Today’s News:Chianti Classico Great Lapo Mazzei DiesThe Mayor of Florence has led tributes to Lapo Mazzei, former president of the Chianti Classico Consorzio and leading figure in the Mazzei winemaking family, who has died in Tuscany…California Wine Takes a China Tariff HitHank Wetzel’s vineyards stretch to the horizon, a swath of green straddling Sonoma County’s Russian River, farmed by generations of Wetzels for half a century. It is a long way from Shanghai…Museum of Sonoma County to Honor Dr. Walter Byck of Paradise Ridge at Annual GalaThe Museum of Sonoma County (MSC) is pleased to present the 2019 Museum Gala on Saturday, October 12 at the Hyatt Regency Sonoma Wine Country in Santa Rosa…Sonoma’s Wine Women Radio Expands Its Podcast NationallyThe Different Grape Varietals Arriving at Texas Wineries“Candy Mountain” AVA ProposedHigh-Powered High Heels Returns on Oct. 11Federal Court Sends Illegal Water Rule Back to EPAImpressive Cognac Sales to Follow Gushing Consumer Appetite for Premium Liquor, Finds Fact.MRFerrari Is the Sparking Toast for Emmy® Awards SeasonTrade Commission of Spain and Mercado Little Spain Celebrate Spanish Culture with This Year’s ‘Spain’s Great Match’ Event in New YorkFrench Wine-Makers Hope for G7 Detente with Trump over Tariffs$1 Billion Financial Impact of Phylloxera in the Yarra ValleyTop 40 Under 40 Tastemakers of 2019Industry Events:Phenolic Compounds Management in Whites and RosesAugust 28, 2019 – WebinarWebinar: Your Ecommerce Platform UpgradeSeptember 10, 2019 – WebinarDuarte Clonal Field DaySeptember 20, 2019 – Greenwood, CA, USANorth Bay Business Journal Wine Industry + Spirits & Beer Awards ReceptionDecember 3, 2019 – Santa Rosa, CA, USA8th Annual North Coast Wine Industry ExpoDecember 5, 2019 – Santa Rosa, CA, USAMore Wine Industry Events…WineIndustry.Jobs:California Sales RepresentativeFort Ross Vineyard & Winery – CA, USATasting Room ConciergeAbarbanel Brand Wines – NY, USATasting Room Host/AssociateEmeritus Vineyards – Sebastopol, CA, USAMore Wine Industry Jobs…Feature Your Job Listing in the Afternoon BriefTop Stories of the Week:Saving Cabernet from Climate ChangeFoley Family Wines Reinforces Luxury Focus with Two Premier Vineyard AcquisitionsWinery Pulls Out of Permit AppealAtlas Vineyard Management Expands Premier Client Portfolio with Acquisition of Bowland Vineyard ManagementAmazon Is Not Bigger Than the LawIntersection of Key Findings from Two Major DTC ReportsThe End of Cabernet in Napa Valley?Crafting a Digital Marketing Scorecard for the US Wine IndustryNapa Valley Preps for Wildfires, Next-Gen Wine MarketingUsing WiFi to Amplify Your Winery’s Marketing StrategyHow Branding Can Enhance Wine TourismWine Industry Failing to Appeal to Young DrinkersRound Pond Names Director of Marketing8th Annual WIN Expo Attendee Registration OpensThe White Wine Emoji Will Need to Continue to Age Advertisement Pinterest TAGSAmazonClimate ChangeGen XMillennialsWine Women Radio Emaillast_img read more

St. Elizabeth Farmers to Benefit from Rainwater Harvesting Project

first_imgRelatedSt. Elizabeth Farmers to Benefit from Rainwater Harvesting Project By Garfield L. Angus, JIS Reporter FacebookTwitterWhatsAppEmail A rainwater harvesting project, to benefit some 300 farmers in the bread basket parish of St. Elizabeth, was launched on March 15 by the National Irrigation Commission (NIC). The $4.5 million project, to be undertaken with support from the United Nations Global Environmental Facility (GEF), will involve resuscitation of a six million-gallon catchment tank located in the community of Lititz, for the harvesting of rainwater for irrigation purposes. The scope of work will include repairing cracks in the tank, bushing of the premises and removal of debris, erecting a security fence, installing a solar pump and conveyance system, and designing and installing a gravity drip system. Minister of Agriculture and Fisheries, Hon. Roger Clarke, in his remarks at the launch held at the project site, said the undertaking is significant “as it will provide a scarce resource to a resilience set of farmers”. He pointed to the need for unused catchment tanks across the island to be put into operation so that there can be an increase in rainwater harvesting. “I would want to see this project replicated throughout Jamaica, not only for irrigation purposes,” he said. The rain water harvesting project, which will be implemented by the Forestry Department, was borne out of a need to address the problem of land degradation, by introducing farmers to best practices in drip irrigation and land husbandry. It is slated for completion in June 2012. Through collaboration with the Rural Agricultural Development Authority (RADA), training will be provided to farmers via seminars and on-farm demonstration using the Farmer Field School methodology. The method, which involves trainers working alongside farmers as advisors and facilitators, promotes exploration, discovery and adaptation under local conditions. Minister Clarke in the meantime, urged the country’s farmers to increase production, so as to grow the economy and boost employment. “What we need in this country is production and employment. We are not going to get ourselves out by borrowing money every day,” he stated. He said that more focus must be placed on agro-processing and the valued-added aspect of the sector, noting that “the time has come when we must decide that we cannot continue to be primary producers”. “We want more of the value-added to be done here so that the farmers can get more money. It is the only way that we are going to attract young people into agriculture,” the Minister said. St. Elizabeth Farmers to Benefit from Rainwater Harvesting Project AgricultureMarch 18, 2012 RelatedSt. Elizabeth Farmers to Benefit from Rainwater Harvesting Project RelatedSt. Elizabeth Farmers to Benefit from Rainwater Harvesting Project Advertisementslast_img read more

RCom nears settlement on Ericsson debt

first_img Troubled Indian operator Reliance Communications (RCom) and Ericsson moved closer to reaching a settlement over the operator’s outstanding debt, which would allow it to exit bankruptcy proceedings and sell its wireless assets to Reliance Jio in order to pay off debt, The Economist Times (ET) reported.The two companies, after lengthy negotiations, reportedly are discussing a deal of between INR6 billion and INR7 billion ($89 million and $104 million), with Ericsson lowering the amount it needs to resolve the dispute. Ericsson earlier told the court it would need at least INR9.8 billion, despite previously claiming RCom owes it about INR16 billion, ET said.Both companies will submit their settlement offers to the National Company Law Appellate Tribunal today (30 May). A source told ET Ericsson may require a bank guarantee for payment.A settlement would allow RCom to exit debt resolution proceedings ordered in mid-May by the National Company Law Tribunal (NCLT) and move ahead with the sale of assets to Jio.Talks beginTwo weeks ago RCom said it was in talks with Ericsson to sort out a debt of $150 million outside of bankruptcy court.In mid-May the NCLT accepted Ericsson’s request for RCom to face bankruptcy proceedings over the debt, which put into jeopardy its plans to sell most of its wireless assets to Jio.RCom’s shareholders in February approved a plan to sell its wireless assets to Jio, in a move which will cut the struggling operator’s debt load by INR250 billion. AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 30 MAY 2018 Previous ArticleRussia presses Apple on Telegram banNext ArticleAPT awarded first trial 5G licence in Taiwan Joseph Waring Jio profit soars on subscriber gains HomeAsiaNews RCom nears settlement on Ericsson debt 2degrees taps Ericsson for 5G RAN, core equipment Relatedcenter_img Author Ericsson-Samsung patent deal ends legal disputes Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Asia Tags EricssonReliance CommunicationsReliance jiolast_img read more