Fortescue Metals Group Ltd., the world’s No. 4 iron ore producer and a major greenhouse gas emitter, is

The best FTAC Siege build allows players to use the fully automatic machine pistol as an SMG in close-quarter gunfights and water engagements.

Jack Ma-backed Ant Group Co. is developing large-language model technology that will power ChatGPT-style services, joining a list

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

Apex Legends Mobile was shut down on May 1, 2023, just one year after its launch, and will likely not be back in 2023.

Jane Street Group and Jump Crypto — two of the world’s top market-making firms — are pulling back

TL;DR: As of August 12, you can get the InCharge® X Max 6-in-1 Charging Cable

U.S. companies can no longer release quiet, belated information about data breaches. The Securities and

LONDON British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built

The US and Brazil are discussing a possible meeting between Presidents Joe Biden and Luiz Inácio Lula da

Here's the Fortnite OG Season 9 & X launch times for all regions as the final update goes live on Thursday, Nov. 23 at 9 a.m. ET.

NEW YORK--(BUSINESS WIRE)--Sep 12, 2023--