DIRS.INFO The most relevant business & tech news

☆ World Cup Picks Up Baton for Women’s Sports in Australia
▼ + stars: | 2023-08-05 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

Fans celebrated in central Melbourne this week after a national triumph: The Matildas, the Australian women’s soccer team, had defeated Canada, the reigning Olympic champion, 4-0. It was a glorious victory after a dismal start to the Women’s World Cup for one of the two host teams. In Federation Square, Australians held up gold and green scarves and bellowed, “Up the Matildas!”Two years earlier, the same city had seen a similar outpouring of support for the Australian women’s cricket team. Inside Melbourne Cricket Ground, more than 86,000 people had gathered to watch the final of the Women’s T20 World Cup, while 1.2 million people tuned in from elsewhere in Australia. For Ellyse Perry, an Australian sporting legend who has represented the country in both the cricket and soccer World Cups, the 2020 match — the largest crowd ever to watch a women’s cricket match — was a milestone for women’s sports in Australia.

Persons: Ellyse Perry, — Organizations: Canada, Olympic, Square, Australian, Inside, Inside Melbourne Cricket Locations: Melbourne, Australian, Inside Melbourne, Australia

☆ Imran Khan arrested after Pakistan court sentences ex-prime minister to three years in jail
▼ + stars: | 2023-08-05 | by ( Mubasher Bukhari Gibran Naiyyar Peshimam Charlotte Greenfield | Mubasher Bukhari | Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +5 min

[1/4] Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. Khan's political party, Pakistan Tehreek-e-Insaf (PTI), said in a statement it had already filed another appeal to the Supreme Court earlier on Saturday. Khan, 70, is a former cricket star who went on to forge a political career and who was prime minister from 2018 to 2022. Information Minister Marriyum Aurangzeb said in a broadcast statement that Khan's arrest followed a full investigation and proper legal proceedings in a trial court. Khan was convicted by the court in a case that was first investigated by the election commission, which found him guilty of unlawfully selling state gifts while prime minister.

Persons: Imran Khan, Akhtar Soomro, Shehbaz Sharif's, Intezar Panjotha, Bilal Siddique Kamiana, Khan, Marriyum Aurangzeb, Sharif, Shah Mehmood Qureshi, Khan's, Qamar Javed Bajwa, Asim Munir, Mubasher Bukhari, Gibran Naiyyar Peshimam, Charlotte, William Mallard, Simon Cameron, Moore, Frances Kerry, Giles Elgood Organizations: Pakistani, Reuters, REUTERS, Police, " Police, Central Adiala, wilfully, PTI, Thomson Locations: Lahore, Pakistan, LAHORE, Islamabad, Central, Rawalpindi, Toshakhana, Khan's, Karachi, Charlotte Greenfield

☆ Fritz says climate protests 'annoying' after match suspended
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Geoff Burke-USA TODAY SportsAug 5 (Reuters) - World number nine Taylor Fritz said climate activists need to find a better way of protesting instead of "annoying" sports fans by interrupting events, after his Washington Open match against Andy Murray was briefly halted on Friday. "I get they're protesting, but there's just got to be a better way to do it," Fritz told reporters. I jokingly said, 'Honestly, this makes me want to go fly on jets more'," Fritz said with a smile. "I think they're supporting a good cause, but the way they're doing it... Who's going to want to listen when they're just annoying everybody?" Fritz returned in the evening to seal a 6-3 6-3 victory over Jordan Thompson to storm into the semi-finals, where he takes on Tallon Griekspoor.

Persons: Taylor Fritz, Andy Murray, Geoff Burke, there's, Fritz, doesn't, Jordan Thompson, Tallon Griekspoor, Shrivathsa Sridhar, William Mallard Organizations: D.C, Citi DC, Fitzgerald Tennis, USA, Washington, Mubadala, Citi, Wimbledon, Premiership Rugby, National, Thomson Locations: Washington, USA, Bengaluru

After six seasons in the Champions League, where Klopp's side reached the final three times and won the trophy in 2019, Liverpool now find themselves back in the Europa League. Premier League clubs sacked 14 managers last season but Klopp, currently the longest-serving coach at a single club in England's top flight, was never in danger of losing his job. Liverpool did not inject fresh blood into an ageing midfield while injuries in the forward line scuppered a title challenge. This year Saudi Arabian clubs have forced Liverpool's hand, with the cash-rich league tearing up the Anfield club's transition plans by luring away their two midfield stalwarts. Returning to the Champions League will be their first priority, which is why a top four finish -- or even winning the Europa League -- will be the bare minimum that is expected of Liverpool.

Persons: Klopp, Jordan Henderson, James Milner, Naby Keita, Alex Oxlade, Chamberlain, It's, Alexis Mac Allister, Dominik Szoboszlai, Szoboszlai, Fabio Carvalho, Romeo Lavia, Thiago, Curtis Jones, Harvey Elliott, Trent Alexander, Arnold, Diogo Jota, Luis Diaz, Darwin Nunez, Mohamed Salah, Cody Gakpo, Rohith Nair, Pritha Sarkar Organizations: Liverpool, Premier League's, Champions League, Europa League, Premier League, Anfield, Saudi Pro League, RB Leipzig, Thomson Locations: Liverpool, England's, Saudi, Saudi Arabia, Bengaluru

Pakistan's Prime Minister Shehbaz Sharif, addresses the 23rd Shanghai Cooperation Organization (SCO) Summit, hosted virtually by India, in Islamabad, Pakistan July 4, 2023. Press Information Department (PID)/Handout via REUTERS /File PhotoISLAMABAD, Aug 4 (Reuters) - Pakistani Prime Minister Shehbaz Sharif has proposed that parliament be dissolved on Aug. 9, three days before the end of its term, political sources said on Friday, paving the way for a general election by November. Parliament's five-year term is set to expire on Aug. 12. Sharif's coalition came to power after former cricket star Khan was ousted in a vote of no confidence in April 2022. The military, which has ruled Pakistan for about half its history, denies that.

Persons: Shehbaz Sharif, Imran Khan, Khan, Asif Shahzad, Robert Birsel Organizations: Pakistan's, Shanghai Cooperation Organization, SCO, Summit, Press Information Department, REUTERS, Pakistani, Sharif, Thursday, Reuters, Information, Monetary, Thomson Locations: India, Islamabad, Pakistan, ISLAMABAD

☆ Chris Hughes: BBC tells presenter his 'little Barbie' comment to female cricketer is 'not appropriate'
▼ + stars: | 2023-08-03 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —A BBC presenter has been told by the corporation that a comment he made toward a female Australian cricketer was “not appropriate” after he called her a “little Barbie” during a match interview earlier this week. Presenter Chris Hughes made the comment to Maitlan Brown on Tuesday after the sportswoman said her Southern Brave team had bonded by playing a practice game and going to the cinema to see the “Barbie” movie. Maitlan Brown played for the Sixers during the Women's Big Bash League in November last year. LBC presenter Nick Ferrari said that Hughes is “young enough to know better,” while one Twitter user commented: “Had to rewind to check id heard it right. Took a while to go back a few decades but yep, there it was (sic).”CNN has reached out to Hughes’ representatives for comment.

Persons: “, Barbie ”, Chris Hughes, Maitlan Brown, sportswoman, Barbie, Hughes, blushing, Chris, Brown, Mark Evans, Nick Ferrari, ” Organizations: CNN, BBC, Southern, Braves, Trent Rockets, ”, Sixers, Bash League, LBC, ” CNN Locations: Australian, ”

☆ India flaunt bench strength with ODI series win in Windies
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

India entered the three-match series with their eyes on the bigger picture, which includes the Asia Cup and the home World Cup in October-November. It did not really matter at the Brian Lara Stadium in Trinidad where India racked up 351-5 after being put into bat. They then returned to bundle out West Indies for 151 in 35.3 overs with only Alick Athanaze (32) and Gudakesh Motie, who made 39 not out, offering some resistance. After Mukesh Kumar (3-30) wrecked the West Indies top order, Shardul Thakur (4-37) hollowed out the bottom half as India registered their 13th consecutive ODI series win against West Indies. West Indies captain Shai Hope said the target was not beyond their reach but they lacked consistency.

Persons: India's Virat Kohli, Ishan Kishan, Peter Cziborra, Skipper Rohit Sharma, Virat Kohli, Brian Lara, Shubman Gill, Sanju Samson, Hardik Pandya, Gudakesh Motie, Mukesh Kumar, Shardul Thakur, Pandya, Shai Hope, Amlan Chakraborty, Christopher Cushing Organizations: Cricket, ICC, Asia Cup, Asia, West Indies, West, Thomson Locations: London, Britain, West Indies, India, Bridgetown, Trinidad, Indies, New Delhi

☆ England, Australia docked WTC points and fined over slow over-rate
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Australia opener Usman Khawaja last month revealed he had approached the ICC about reducing penalties for slow over-rates in test matches after the governing body announced it had decided to soften sanctions. Khawaja said it was "really frustrating" for players to lose their match fees despite delivering entertaining matches. The hosts beat Australia by 49 runs in the fifth and final Ashes test at The Oval on Monday, securing a 2-2 series draw. Australia are third in the WTC standings, while England are placed fifth. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Pat Cummins, England's Ben Stokes, Paul Childs, Usman Khawaja, Khawaja, Pearl Josephine Nazare, Christian Radnedge Organizations: England, International Cricket Council, ICC, Australia, Thomson Locations: Australia, London, Britain, England, Manchester, Bengaluru

☆ Ashes beers are back on, says England coach McCullum
▼ + stars: | 2023-08-01 | by ( Hugh Lawson | ) www.reuters.com time to read: +2 min

[1/6] Cricket - Ashes - Fifth Test - England v Australia - The Oval, London, Britain - July 29, 2023 England head coach Brendon McCullum during the warm up before the start of the day's play Action Images via Reuters/Andrew Boyers/File PhotoLONDON, Aug 1 (Reuters) - England coach Brendon McCullum said he was more than happy to share a beer with the Australia squad now that the Ashes series is over, having suggested after the second test that he wouldn't do so following a controversialincident. The series ended 2-2 after England won the final test at The Oval by 49 runs on Monday, so Australia retained the Ashes urn. "Yeah, we'll have a beer," McCullum said with a laugh when asked by reporters about his previous comments. "I can't imagine we'll be having a beer with them any time soon," McCullum told the BBC after the incident. "Ashes series have all these twists and turns and moments which people talk about and are able to remember them by, and that was certainly one of those," he said.

Persons: Brendon McCullum, Andrew Boyers, McCullum, Alex Carey, Jonny Bairstow, Bairstow, You've, I've, Pat Cummins, Pat, Hugh Lawson, Ed Osmond Organizations: England, Australia, MCC, BBC, IPL, Thomson Locations: Australia, London, Britain, England, Lord's, India

☆ Australia vs Canada: Australia facing ‘disaster’ as Matildas teeter on brink of early exit from home World Cup
▼ + stars: | 2023-07-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +10 min

As one of the co-hosts, this year’s Women’s World Cup was supposed to be the culmination of all this change; a celebration of Australia’s most beloved team. A shaky 1-0 win against Ireland kicked off the Matildas’ tournament before disaster struck once more and they succumbed to a shock 3-2 defeat against Nigeria. That 2015 run marked the Matildas’ best World Cup performance to date, after appearing in every edition since 1995. The assembled 75,784 fans represented a record crowd for a women’s soccer match in the country and the highest attendance at a Women’s World Cup for 24 years, according to FIFA. “It’s definitely transcended the traditional women’s community and so that’s really exciting.”Australia has played its part in making this the biggest Women’s World Cup in history.

Persons: Sam Kerr’s, backflipping Kerr, Ellie Carpenter’s, Kerr, Gorry’s, “, ” Heather Reid, it’s, that’s, ” Reid, ” Fiona Crawford, Sonia Gegenhuber, ” Crawford, Tony Marshall, Tony Gustavsson –, –, Sam Kerr's, Ryan Pierse, Sam Kerr, ” Caitlin Foord, Bradley Kanaris, ” Gustavsson, ” Kerr, ”, Jaimi Joy, “ They’ve, ” Simon Reus, “ It’s Organizations: CNN, Sydney Opera House, Disney, Women’s Soccer Australia, CNN Sport, Ireland, Nigeria, Canada, Federation, Olympics, US, National, Chelsea, Tokyo, Spain, England, Sweden, Rugby, Reuters FIFA, Australia, FIFA, Sydney Harbour Bridge, France, Brazil, . Sports Locations: Sydney, Australia, Brazil, South Korea, Spain, Nigeria, Canada, Qatar, Haiti

This week's free Ashes live stream should be much easier to bear with the weather looking like it will be far less disruptive to play over the next few days. So get ready for plenty of cricket in the fifth and final test of the Ashes as we show you how to watch England vs. Australia for free online from anywhere. The official UK Ashes live stream is on Sky Sports, which isn't the cheapest sports subscription. An Ashes live stream is showing for free in Australia, though. Watch England vs. Australia Ashes live stream for free from anywhereThe Ashes live stream is a premium event in most countries, meaning you'll need to sign up for a paid streaming-service package to watch the Ashes online.

Persons: you'll, You'll, ExpressVPN, it's Organizations: England, Sky Sports, Sports Locations: Australia, England

☆ Silkworm sashimi, cricket curry on menu as bugs make a comeback in Japan
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

[1/5] Almond tofu with beetle larvae is pictured at Take-Noko cafe in Tokyo, Japan, July 21, 2023. REUTERS/Kim Kyung-HoonTOKYO, July 26 (Reuters) - On a recent vacation in Tokyo, Takumi Yamamoto opted for a special lunch of cricket curry and silkworm sashimi, washed down with a water bug cider. In particular, the water bug cider was quite refreshing and delicious, like a green apple." While some consumers think eating insects is just gross, Japan has a rich culinary history of insects as food. The delicate "sashimi" is the left-over casing of silkworms, and the cider is infused with water bug extract and topped with a whole insect, said to taste like shrimp.

Persons: Kim Kyung, Hoon, Takumi Yamamoto, Yamamoto, Entomophagy, Michiko Miura, Miura, Takeo Saito, Saito, Rocky Swift, Tom Bateman, Miral Organizations: REUTERS, United, Grasshoppers, Nippon Telegraph, Telephone, Takeo, Thomson Locations: Tokyo, Japan, Hoon TOKYO, Hyogo, United Nations, silkworms, Pasco

ISLAMABAD, July 26 (Reuters) - Pakistan's Supreme Court on Wednesday rejected former prime minister Imran Khan's plea that his trial on charges of unlawfully selling state gifts be halted on concerns over the merits of the trial and that the judge hearing it was biased. The Supreme Court asked Khan to go back to the Islamabad High Court to seek a ruling over his objections, according to an order seen by a Reuters reporter who attended the top court's proceedings. Khan's legal team moved to the top court this month after the high court ruled against their plea that the trial couldn't be maintained on the election commission's petition, according to Khan's lawyer Barrister Gohar Khan. The Supreme Court cannot interfere in the trial court proceedings, said one judge on the two-member panel of the top court, which disposed of Khan's petition, directing the high court to hear all his petitions related to the trial. The trial court had indicted Khan in May on the charges and summoned him to commence his formal trial, which is now pending due to the challenge by his legal team in the high court.

Persons: Imran Khan's, Khan, Gohar Khan, Asif Shahzad, Bernadette Baum Organizations: Court, Thomson Locations: ISLAMABAD, Islamabad, Pakistan

☆ 3 trends that will redefine sports media as the industry reckons with layoffs, AI, and more
▼ + stars: | 2023-07-25 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +8 min

More news jobs have already been cut this year than in all of 2022 and 2021, per a firm that tracks layoffs. Industry experts explain the three media trends that could replace traditional sports journalism. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

Persons: Andy Challenger, It's, Challenger's, Challenger, Conrad Wiacek, Wiacek, Pat McAfee, CJ McCollum, McAfee, famer David Ortiz, JJ Redick, isn't, Tim Hanlon, Hanlon, They're Organizations: ESPN, New York Times, Sports Illustrated, Warner Bros, The Athletic, NFL Media, Times, Los Angeles Times, Industry, Sports, YouTube, Indianapolis Colts, NBA, famer, Leagues, MLS, LA Times, Associated Press, Minor League Baseball Locations: FanDuel, pickleball

☆ Australia digests 'hollow' Ashes retention in Manchester rain
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

"Rarely could the Ashes have been secured in more hollow circumstances, with almost two days of rain saving Australia from what appeared certain defeat," wrote Malcolm Conn in the Sydney Morning Herald. "Despite being robbed of victory by the weather, England have only themselves to blame for being on the wrong side of history," Conn added. "England were in charge of the first test at Edgbaston before the cult of Bazball resulted in an over-optimistic declaration and reckless batting." Gideon Haigh, writing in the Australian, was kinder to the English but equally wary of any sort of celebrations over the retention of the Ashes. Reporting by Nick Mulvenney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: John Sibley SYDNEY, Malcolm Conn, Conn, Gideon Haigh, Haigh, Nick Mulvenney, Jamie Freed Organizations: England, Old, Old Trafford Cricket, Australia, Manchester, Sydney Morning Herald, Edgbaston, Thomson Locations: Australia, Old Trafford, Manchester, Britain, England, Edgbaston

☆ European heavyweights ready for another tilt at World Cup title
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +2 min

Their quest begins in Dunedin against Portugal, who are the highest ranked newcomers at this year's event at world number 21. But the focus ahead of their Group E opener was on the training conditions in New Zealand, with Netherlands coach Andries Jonker saying the facilities had been inadequate. "History is history and the future is the future, you can only live where we are now," Sweden coach Peter Gerhardsson said on Saturday. France reached the World Cup quarter-finals on home soil four years ago and will begin their campaign against Jamaica in Group F in Sydney with a clean slate under coach Herve Renard, with off-field issues finally behind them. Renard, who led Saudi Arabia to a group stage win over Argentina at the men's World Cup last year, replaced Corinne Diacre after key players refused to play under her and will hope to pull off another miracle by turning the team into world champions.

Persons: Amanda Perobelli, Vivianne Miedema, Andries Jonker, Jonker, Peter Gerhardsson, Herve Renard, Renard, Corinne Diacre, Hritika Sharma, Christian Radnedge Organizations: Soccer Football, FIFA, Wellington Regional, REUTERS, Jamaica, Argentina, Thomson Locations: New Zealand, Sweden, Wellington , New Zealand, AUCKLAND, France, Netherlands, Dunedin, Portugal, South Africa, Wellington, Canada, Sydney, Saudi Arabia, Hyderabad

NEW DELHI, July 21 (Reuters) - Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28% gaming tax, saying the levy would adversely impact $4 billion in prospective investments, a letter showed. India last week announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have become increasingly popular in recent years, but have also raised concerns about addiction among players. Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. Over 100 gaming firms wrote a letter recently to the finance ministry with a similar request, saying the tax will stifle foreign investment and put $2.5 billion already invested in the sector at risk.

Persons: Narendra Modi, Aditya Kalra, Chris Thomas, Tanvi Mehta, Savio D'Souza, Kim Coghill, Muralikumar Organizations: Tiger, Steadview, Indian, Reuters, Tiger Global, Sequoia Capital, Mobile Premier League, Thomson Locations: DELHI, India, Sequoia Capital India, New Delhi

☆ The Grim Reaper is coming for the sports desk. Here's what industry experts say could take its place.
▼ + stars: | 2023-07-20 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Industry experts explain the three media trends that could replace traditional sports journalism. But Challenger and other experts say the demand for sports content isn't going anywhere: it's just going to look, and sound, a little different. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

ISLAMABAD, July 19 (Reuters) - Pakistan will open criminal proceedings against former prime minister Imran Khan on charges of exposing official secrets, Interior Minister Rana Sanaullah said on Wednesday, the latest in a string of cases the former premier has been facing. The case is related to diplomatic correspondence between Washington and Islamabad, which Khan said early last year was part of a U.S. conspiracy to topple his government. Sanaullah said the principal secretary also testified that Khan told him he had lost the copy of the letter when he was asked for its return. "It is a crime to expose an official secret," the interior minister said, adding the state will be filing the charges in the court against Khan. The secrecy charge is the latest in a multitude of charges Khan has faced since his ouster, including graft, murder and sedition.

Persons: Imran Khan, Rana Sanaullah, Khan, Azam Khan, Sanaullah, Washington, Asif Shahzad, Andrew Heavens, Tomasz Janowski, Alexandra Hudson Organizations: Washington, Alexandra Hudson Our, Thomson Locations: ISLAMABAD, Pakistan, Washington, Islamabad, U.S, Moscow, Russia, Ukraine

☆ Welcome to the future of America: a chicken in every pot and a pro sports team in every backyard
▼ + stars: | 2023-07-15 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

A few years ago, it was generally accepted that there were four major pro sports leagues in North America consisting of 122 teams: MLB, the NBA, the NFL, and the NHL. Take Major League Soccer. Aliyah Boston (right) and WNBA Commissioner Cathy Engelbert pose with an Indiana Fever jersey during the 2023 WNBA Draft. This seemingly insatiable need for programming is a big reason why North American newcomers, like Major League Rugby and Major League Cricket, also have a good shot at survival. In other words, if you have ever dreamed of having a pro sports team in your neighborhood, there's never been a better chance it might actually happen.

Persons: Adam Silver, Rob Manfred, Don Garber, Lionel Messi, Cathy Engelbert, Adam Hunger, there's Organizations: NBA, MLB, MLS, Sports, Las Vegas, NHL, Las, Seattle —, NFL, Major League Soccer, Inter Miami, Boston, Indiana Fever, Major League Rugby, Major League Cricket, XFL, USFL, ESPN Locations: North America, Seattle, Las Vegas, Europe

WHY WE’RE HEREWe’re exploring how America defines itself, one place at a time. A cricket complex outside Houston hosts youth and professional players alike, reflecting the sport’s growing popularity in a changing city. July 15, 2023Drive northwest out of Houston, and as cow pastures wrestle back the flat expanse from the city’s tentacled sprawl, there arise along the road, suddenly, improbably, many, many cricket fields. Head south to find a small cricket stadium nestled in the suburbs, or west to find fields sprouting in county parks. The game of cricket — a bat-ball-and-wicket contest of patience and athleticism that was born in Britain and is barely understood by most Americans — has surprisingly taken hold in the land of Friday night football.

Persons: — Organizations: Houston, Dallas, Lone Locations: Houston, Britain, South, Lone Star

☆ Indian gaming firms say new tax will stifle foreign investment
▼ + stars: | 2023-07-15 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

NEW DELHI, July 15 (Reuters) - India's new 28% tax on online gaming companies will stifle foreign investment and put $2.5 billion already invested in the sector at risk, more than 100 gaming firms have said in a letter to India's finance ministry. India this week announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have became increasingly popular in recent years, but have also raised concerns about addiction among players. Top investors including Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. Many Indian ministers view bets on online gaming platforms as a "social evil", Malhotra had said.

Persons: MPL, Sanjay Malhotra, Malhotra, Arpan Chaturvedi, Aftab Ahmed, Aditya Kalra, David Holmes Organizations: Tiger Global, Sequoia Capital, Mobile Premier League, Federal, Reuters, Indian Premier League cricket, Thomson Locations: DELHI, India, Sequoia Capital India

Jabeur was one set away from becoming the first African woman and Arab player to win a Grand Slam singles title before Rybakina mounted a fierce comeback. I was telling my mum - I want to win a Grand Slam, I want to be number one," she told reporters. But as soon as she was done, she immediately set her sights on Rybakina. Since her maiden Grand Slam triumph, Rybakina has cemented her place in the sport's new 'Big Three' in the women's game along with Iga Swiatek and Aryna Sabalenka. "Every player has weaknesses, you always try to play there, listen to your coach more often," Jabeur added.

Persons: Elena Rybakina, Jabeur, Rybakina, Petra Kvitova, I'm, STERN, Iga Swiatek, Elena, Shelby Rogers, Rohith Nair, Toby Davis Organizations: Wimbledon, Rybakina, Thomson Locations: Wednesday's, Kazakh, Bengaluru

☆ India hits online gaming industry with 28% tax
▼ + stars: | 2023-07-11 | by ( Nikunj Ohri | ) www.reuters.com time to read: +1 min

International investors have also been drawn to the industry, with Tiger Global backing Indian gaming startup Dream11, the lead sponsor of India's national cricket team. India's Finance Minister Nirmala Sitharaman, who chairs the goods and services tax (GST) council, comprising state finance ministers, said the decision to tax online gaming was reached after extensive discussion. "The implementation of a 28% tax rate will bring significant challenges to the gaming industry. This higher tax burden will impact companies' cash flows," Aaditya Shah, chief operating officer at the gaming app IndiaPlays, said. Roland Landers, CEO of The All India Gaming Federation, said the decision was "unconstitutional (and) irrational".

Persons: Dado Ruvic, Nirmala Sitharaman, Shah, Roland Landers, Sudipto Ganguly, Aftab Ahmed, Mark Potter, Jane Merriman, Barbara Lewis Organizations: REUTERS, Tiger Global, national cricket team, India's, Industry, The, India Gaming Federation, Thomson Locations: DELHI, India

Can McLaren cash in? Not even surrendering the pole to Verstappen could spoil what was a banner day for McLaren on Saturday. I guess I’m a little bit surprised, I wasn’t expecting for us to be here, or myself to be here anyway.”Climate protests? “We believe in what people are fighting for and we are making those changes as a sport,” Hamilton said Thursday. We don’t want to be put in harm’s way and we don’t want to put anyone else in harm’s way.”

Persons: McLaren, Norris, “, ”, Max, Lewis Hamilton, ” Hamilton Organizations: McLaren, Wimbledon, Prix

Search resuls for: "Cricket"

25 mentions found