Daily Business Report: Monday, March 17th, 2025
Inmarsat verifies unparalleled 340 Mbps NexusWave download speeds to demonstrate power of network bonding for Maritime market
Inmarsat Maritime, a Viasat company, has verified its fully managed bonded connectivity service, NexusWave, achieved maximum download speeds of 330–340 megabits per second, with maximum upload speeds of 70–80 Mbps, in real world tests. The trials demonstrated average download and upload speeds of 120–150 Mbps and 20–45 Mbps respectively, with network availability on board NexusWave vessels over 99.99%.
Unlike the load balancing which hybrid connectivity solutions typically use to deliver bandwidth via the best available underlay network, Inmarsat Maritime’s NexusWave combines multiple underlays in one bonded connection.
The solution allows applications to leverage the aggregate capacity of all available networks rather than relying on one network at a time. In addition to unparalleled speeds, the unique network-bonding approach provides superior reliability and redundancy.
For instance, in real-life testing, the quality of a video conference remains virtually unaffected by the availability or quality of a single network underlay. Leveraging bonding technology, NexusWave dynamically adjusts traffic routing to maintain a seamless and uninterrupted experience.
Susan Shelley: Medi-Cal under strain after state extends aid to illegal immigrants
By Susan Shelley | The Loa Angeles Daily News
The Newsom administration just informed the Legislature that it needs to borrow $3.4 billion to pay unexpectedly high costs for Medi-Cal, the state’s safety-net health insurance program for low-income residents that is now open to all undocumented immigrants.
As of Jan. 1, 2024, everyone in California who is in the country illegally is entitled to “full-scope” Medi-Cal: unlimited, unrestricted, full, free health insurance, as long as their reported income is low enough to be eligible.
But wait, there’s more.
Generally, California can seek reimbursement from the federal government for half of its Medi-Cal expenses. Not always. Federal law forbids reimbursement for care provided to illegal immigrants, other than the limited services available to everyone under “emergency Medicaid,” also known as “restricted-scope Medicaid.”
China Feb bank lending slows more than expected as US tariffs add to uncertainty
By Kevin Yao and Liz Lee | Reuters
New bank lending in China tumbled more than expected in February from a record high the previous month, even as policymakers seek to shield the economy from an escalating trade war with the United States by boosting consumption.
Chinese banks extended 1.01 trillion yuan ($139.62 billion)in new yuan loans in February – the lowest February reading since 2020, according to Reuters calculations based on data released by the People’s Bank of China (PBOC) on Friday.
Analysts polled by Reuters had expected new yuan loans would fall to 1.275 trillion yuan from a record 5.13 trillion yuan in January.
A pull-back in February from January was widely expected, because Chinese banks tend to front-load loans at the beginning of the year to get high-quality customers and win market share.
