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Chile miners, facing higher taxes, seek faster permits, lower energy costs
Chile miners, facing higher taxes, seek faster permits, lower energy costs
By Fabian Cambero SANTIAGO Now that Chile has passed an increase in mining royalties, copper miners are pushing
1970-01-01 08:00
Sudan conflict: 87 people found in Darfur mass grave, UN says
Sudan conflict: 87 people found in Darfur mass grave, UN says
There are concerns the RSF is targeting specific ethnic groups in the West Darfur region.
1970-01-01 08:00
Outrage in India as government hikes taxes on online gaming to 28%
Outrage in India as government hikes taxes on online gaming to 28%
The Indian government has announced that it would impose a heavy 28 per cent tax on the funds collected by online gaming firms from its customers, dealing a blow to the country’s fast-growing industry valued close to $2bn. India’s Goods and Services Tax (GST) Council, consisting of federal and state ministers, said on Tuesday that it has agreed to levy a 28 per cent indirect tax on online gaming, casinos, and horse racing, adding there should be no distinction between “game of skill” and “game of chance.” Industry experts have voiced concerns that the increased tax burden on the companies may lead to extra charges levied from customers. Companies have so far only paid a small tax on the fee charged from customers for playing games involving real money, but Tuesday’s new rule would impose a 28 per cent tax on the amount these firms collect from players in every game, dealing a hefty blow to their operations. “The implementation of a 28 per cent tax rate will bring significant challenges to the gaming industry. This higher tax burden will impact companies’ cash flows,” Aaditya Shah, an executive at the gaming app IndiaPlays, told Reuters. The new move also comes amid a number of reports across the country of gaming addiction and financial losses among fantasy cricket players and online card games. Commenting on the GST Council’s decision, Roland Landers, chief of the trade body All India Gaming Federation which represents firms like Mobile Premier League, Gameskraft, and Paytm First Games, said it is “unconstitutional, irrational, and egregious”. “This decision will wipe out the entire Indian gaming industry and lead to lakhs of job losses and the only people benefitting from this will be anti-national illegal offshore platforms,” Mr Landers said in a statement, TechCrunch reported. Ashneer Grover, co-founder of the Indian fintech company BharatPe and a former Shark Tank India judge, tweeted that the move may pose risks “not only for online games – but across sectors. Across startups.” “You got billions in from foreign investors as FDI (foreign direct investment). Celebrated FDI inflow! Now the same investors will apply regulatory risk discount to India and funds will dry up,” he said. “RIP – Real money gaming industry in India....It was good fun being part of the fantasy gaming industry - which stands murdered now,” Mr Grover tweeted. Read More A look at sports gambling rules among Big 4 pro leagues Seventh Indian cheetah died of ‘traumatic shock’ after fight with female, post mortem shows Record monsoon rains have killed more than 100 people in northern India this week £10 phone with e-wallet and streaming can bridge India ‘digital divide’, experts say Elon Musk reveals plan to use AI to reveal mysteries of the universe xAI: Everything we know about Elon Musk’s new AI company
1970-01-01 08:00
Egypt launches fresh Sudan mediation attempt at summit
Egypt launches fresh Sudan mediation attempt at summit
CAIRO (Reuters) -Egypt launched an attempt to mediate between Sudan's warring factions on Thursday at a regional summit, the latest
1970-01-01 08:00
Ukraine: Refugee children almost fluent in Welsh
Ukraine: Refugee children almost fluent in Welsh
The girls arrived with very little English, but now move seamlessly between three languages.
1970-01-01 08:00
Frank Lampard gives honest thoughts on Mason Mount's move to Man Utd
Frank Lampard gives honest thoughts on Mason Mount's move to Man Utd
Frank Lampard gives his feelings towards Mason Mount's transfer from Chelsea to Man Utd.
1970-01-01 08:00
Roundup: Meghann Fahy Lands Emmy Nomination; LeBron James Is Returning For 21st Season; Full List of ESPYS Winners
Roundup: Meghann Fahy Lands Emmy Nomination; LeBron James Is Returning For 21st Season; Full List of ESPYS Winners
Meghann Fahy nominated for an Emmy, LeBron James is returning for another season, the full list of ESPYS winners and more in the Roundup.
1970-01-01 08:00
'I'm enjoying basically pulling things out of my closet that I've had for years': Shania Twain styling herself on Queen of Me tour
'I'm enjoying basically pulling things out of my closet that I've had for years': Shania Twain styling herself on Queen of Me tour
Shania Twain has been styling herself at her 'Queen of Me' shows.
1970-01-01 08:00
Shed Seven's first album in 6 years features Pete Doherty and Happy Mondays star Rowetta
Shed Seven's first album in 6 years features Pete Doherty and Happy Mondays star Rowetta
Shed Seven have reunited for their first album since 2017.
1970-01-01 08:00
Ashley Young excited to work with Sean Dyche at Everton
Ashley Young excited to work with Sean Dyche at Everton
Ashley Young has joined Everton on a one-year deal. The 38-year-old winger turned full-back becomes the Toffees’ first summer signing, joining on a free transfer after his contract expired at Aston Villa. Young has signed a one-year deal at Goodison Park to work under manager Sean Dyche, who was his captain when first breaking through at Watford. “The manager was important in me signing,” the former England international and Manchester United captain said. “I know him and know what his passion and desire is like. His honesty, will to work hard and his hunger for the game is second to none. “I know things haven’t gone too well for Everton in the past couple of seasons but the manager’s ambition, speaking to him and hearing what he wants to do to change the club around, was a key factor in my decision. “The other is the size of Everton. It’s a massive club and the fanbase is one of the best. “Having them behind me is a fantastic opportunity. I’m delighted to get the opportunity to be here and I just want to get started now.” Young won Serie A with Inter Milan before returning to Villa for a second spell in 2021 and Dyche says Everton are getting “a top-class professional”. “I’ve known Ashley for many years, having been his captain when he first broke through at Watford, and his qualities both on and off the pitch will prove valuable,” he said. “His impressive statistics from last season, which were among some of the best in Europe, highlight what he can bring to Everton.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
1970-01-01 08:00
Liverpool confirm new number 9 following Roberto Firmino's exit
Liverpool confirm new number 9 following Roberto Firmino's exit
Liverpool have revealed which player will inherit the number 9 shirt left vacant by Roberto Firmino.
1970-01-01 08:00
Thailand's Pita fails in PM bid after losing parliament vote
Thailand's Pita fails in PM bid after losing parliament vote
BANGKOK Thailand's Pita Limjaroenrat failed on Thursday in his initial bid to become Thailand's next prime minister, after
1970-01-01 08:00
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