Norwegian Cruise Line says there’s ‘substantial doubt’ about its ability to continue as a ‘going concern’

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Workers near a cruise ship of the Norwegian Cruise Line which is in dry dock receiving hull maintenance and interior modernization work.

Gerald Julien | AFP | Getty Images

Norwegian Cruise Line said there is “substantial doubt” about its ability to continue as a “going concern” as the coronavirus pandemic wreaks havoc on the industry, warning that it may need to seek bankruptcy protection.

The coronavirus outbreak, “including its effect on the ability or desire of people to travel (including on cruises), is expected to continue to impact our results, operations, outlook, plans, goals, growth, reputation, cash flows, liquidity, demand

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U.S. agencies back revoking ability of China Telecom to operate in U.S.

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WASHINGTON (Reuters) – The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp’s (0728.HK) authorization to provide international telecommunications services to and from the United States.

China Telecom is the U.S. subsidiary of a People’s Republic of China (PRC) state-owned telecommunications company. Last year, two U.S. senators asked the FCC to review approvals of China Telecom and China Unicom (0762.HK) to operate in the United States.

The FCC last May voted unanimously to deny another state-owned Chinese telecommunications company, China Mobile Ltd (

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