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Since the federal ban on sports betting was deemed unconstitutional last May, sportsbooks have been top rung sports betting up all over the U. College football and the National Football Top rung sports betting are a few weeks into their respective seasons, which makes for great timing to have new places for fans to place sports wagers. Here we take a look at the 10 U. It will feature a two-level casino with a spa and several restaurants. With construction already well underway, the 1. Next up: theD. June 19th — Mark those calendars, Vegas.

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Under Brazilian law, items that depreciate quickly can be liquidated immediately, with the funds put into escrow until the legal outcome is known. An expanded version of this report appears on WSJ. Economic Calendar. Retirement Planner. Sign Up Log In. Home General International news. ET By Luciana Magalhaes. Is the stock market due for a correction in ? Why prices of the cryptocurrency are surging — but risky.

Aurora Cannabis Inc. They have developed a machine that produces low-cost sanitary napkins using as raw materials agri-waste such as banana fibre, bamboo and water-hyacinth pulp. The finished item will be sold door-to-door by village saleswomen who also hawk solar lamps, stoves and saris. It will be distributed, too, in women-run grocery stores and beauty parlours. Aakar hopes to profit by selling the raw materials and the machines. This is hardly a new idea.

Arunachalam Muruganantham, another Indian entrepreneur, is a pioneer of low-cost pad manufacturing. Gandhigram, a non-profit organisation in Tamil Nadu, has developed similar technology in partnership with engineers at the Indian Institute of Technology in Madras. Goonj, an NGO, sews and sterilises discarded old clothes into sanitary pads.

Many start-ups process cotton fibre from old knitwear into pads. Mr Muruganantham reckons that the country is awash with hundreds of local brands. Despite the challenges, the In the countryside the proportion is lower still. By bypassing middlemen and using existing rural retail networks the founders believe they can win 6m customers and provide direct employment to 11, women in the next five years.

Yet many similar ventures have failed due to problems ranging from a lack of standardisation to inadequate saleswomen. Aakar has forged a partnership with Swayam Shikshan Prayog, an NGO in Osmanabad which will be responsible for manufacture and distribution.

It will also promote awareness by asking local doctors and health-care workers to push the pads at workshops and monthly village gatherings. A start will be made next month in Osmanabad, with the aim of catering to about 20, women. Nevertheless, the president, Hassan Rohani, has brought back a former oil minister, Bijan Zanganeh, who in his previous stint, in , ushered in what some Iranians remember as a golden age of oil investment. Back then, Mr Zanganeh signed deals with many foreign oil majors, bringing billions of petrodollars to Iran.

Some of these were blemished with financial scandal. Now Mr Zanganeh has hired some of them back. This militia, answerable only to the supreme leader, Ayatollah Ali Khamenei, owns various engineering firms that have become involved in oil projects. There are also plans to reform the way Iran contracts with private oil companies to develop fields. So it needs foreign investment all the more. Mr Zanganeh also wants the foreign oil firms to teach modern extraction techniques to Iranian engineers.

However, notes Michelle Moghtader of Energy Intelligence Group, a research company, the international sanctions will make it hard for the new minister to attract the level of foreign interest he won in his first term in office. Mr Zanganeh hopes that offering juicy deals to Western oil firms will make them lobby their home governments to ease sanctions.

Even in freight, where there ought to be more scope for rivalry, the market is still dominated by state-owned incumbents. Newer, private rail-freight firms complain that their attempts to get into the market are frustrated by the incumbents. Laszlo Horvath, president of CER Hungary, complains that the state-owned giants, which usually own the tracks as well as running trains, turn nasty whenever young private firms like his try to expand.

It requires the incumbents to separate, financially and operationally, the part of their business that runs trains from the bit that owns and maintains tracks and signals—although they can still belong to the same holding company. AWT is a privatised company that grew out of OKD, a state firm which ran coal and steel trucks from the mines of Moravia. It plans to expand its operating radius to take it to most European ports. But AWT, like all freight operators, faces obstacles at every national border.

A 1,km haul from Ljubljana to Istanbul involves five countries and eight changes of locomotive according to a study for the European Commission. Few drivers are licensed for more than one country. Six of the corridors are supposed to be in operation by November, but are running late. But Germany, having spent heavily on its own signalling standards, is reluctant to upgrade its signals again to the latest pan-European standard, called ERTMS.

Other corridors are even further behind. Closer to reality is a separate experiment called Retrack, initially sponsored by the EU, to encourage a clutch of private companies and consultants to develop a freight route from Rotterdam to Hungary and beyond. It got off to a shaky start but Transpetrol, a rail-freight firm based in Hamburg, now runs up to five trains a week in co-operation with CER Hungary and LTE of Austria, another private firm—and it makes a profit.

The trick seems to be flexibility in putting together trainloads from small groups of wagons, well-timed leasing of locomotives and rolling-stock, and negotiating good access rates. Transpetrol says it has also persuaded customers that they will not suffer any repercussions from the state-owned competition. Until competition is more open, private challengers will be on an uphill gradient. One of the big four will undoubtedly be DB Schenker Rail.

It runs a daily freight service to China taking 15 days from Germany and in September it will begin a service three times a week to Istanbul. Even private-sector challengers acknowledge it is well-run. Few question the virtue of getting more goods onto rail, but efforts to do so have been mixed. EU auditors recently recommended pulling the plug on another project, Marco Polo, in which large sums have been spent on tracks and terminals with not much improvement to show for it.

In contrast rail-freight routes can still take up to 18 months to plan. Even once the EU has all its corridors in operation, it will struggle to get half of all cargo on the rails. The plan is ambitious in scope, identifying 15 areas where change is needed.

An analysis by Reuters news agency found that three-quarters of the top 50 American technology firms used such structures to cut their tax bills. Highlighting problems is the easy part. Developing proposals, which the OECD hopes to do over the next two to three years, will be hard. Mountains of details will have to be worked out by committees of technocrats from countries that disagree on several big issues.

Some European countries, for instance, want to tighten the rules on internet-based services, which let firms avoid billions of dollars in tax by selling such things as advertising through affiliates in tax havens. America, home to many giant tech firms, has pushed back, securing agreement that the issue will be studied further before reforms are drafted.

Its standards are non-binding. Its plan envisages a multilateral tax treaty that would override existing bilateral accords, but this would have to be ratified by individual countries and would have force only in those that did so. A multilateral convention on tax co-operation, drawn up by the OECD and the Council of Europe in the s, took 20 years to gain more than a handful of ratifications.

Even when governments do want to change tack, they can be stymied by lobbyists. Big Business and its bean-counters will be girding to fight any dramatic-looking proposals spawned by the new action plan. Given the many political and technical obstacles facing the OECD—another one is the increased difficulty of forging consensus as developing countries, with their own concerns, are brought on board—corporate tax-planners are unlikely to lose any sleep just yet.

One day, though, things may change: as the eventual adoption of the earlier multilateral convention shows, international tax reform is not impossible, merely painfully slow. Small objects of desire. THE first iPhone went on sale on June 29th This year, Mr Sun estimates, 1. But Mr Sun enthuses about many more applications, from cameras to cars.

Other manufacturers, he says, will follow Tesla, an electric-vehicle maker that has put inch screens in its Model S. Taiwan, once a maker of soft toys and umbrellas, has long been a high-tech hive. It provides a rare example of successful industrial policy though much more so in hardware than software. Seven years later it formed an alliance of notebook-PC companies. Information and communications technology now makes up one-third of GDP.

The island came to dominate the notebook business. But demand for PCs has plunged. Shipments fell by People would now rather buy smartphones or tablets. For some Taiwanese companies, the change in computing fashion has been a boon. One is TPK, although it suffered a sales wobble in the second quarter as demand for the new touchscreen notebooks proved softer than expected. TSMC makes chips by the bucketload for designers such as Qualcomm, an American company which provides the brains of more smartphones than anyone else, and MediaTek, its neighbour in Hsinchu, which sold m smartphone chipsets in and expects to sell m in The change is a sterner test for firms that built their success on the PC.

Hon Hai, also known as Foxconn, is the best known abroad, but chiefly as a maker of iPads and iPhones. That is fine when volumes are high, but some firms have suffered declining revenues. Worse, the margins have been thinning. Attempts to breathe new life into the PC have so far been disappointing. But even if all this lifts sales later this year, the glory days of the PC are over. One option is to go where the growth is: mobile devices.

Of the notebook specialists, Pegatron has been most eager. Other clients used to worry that the pair were still too hugger-mugger. Tracy Tsai of Gartner, a research firm, says having to look elsewhere for orders has been good for Pegatron. However, the mobile market is fiercely competitive, and not only among the ODMs. At the bottom a multitude of Chinese manufacturers are turning out cheap, unbranded Android tablets of fast-rising quality.

The trick will be to keep far enough ahead of the Chinese on quality to justify higher prices. Hon Hai already thinks that iPads and iPhones may be too much of a good thing. It is moving into retailing and wants to develop its own technology, for which it intends to hire another 5,, engineers in Taiwan.

On July 2nd it said it had applied for a licence to operate fourth-generation mobile-telecoms services in Taiwan. A week before it said that it would spin off its connectors division and perhaps others. Another option is to make servers, to store and process data from all those mobile devices. Quanta began doing this several years ago. Its clients include Facebook, which has gigantic data centres to fill. Servers are helping Inventec to make a recovery.

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Economic Calendar. Retirement Planner. Sign Up Log In. Home General International news. ET By Luciana Magalhaes. Is the stock market due for a correction in ? Why prices of the cryptocurrency are surging — but risky. Aurora Cannabis Inc. Walt Disney Co. What is short selling and should you do it? Closer to reality is a separate experiment called Retrack, initially sponsored by the EU, to encourage a clutch of private companies and consultants to develop a freight route from Rotterdam to Hungary and beyond.

It got off to a shaky start but Transpetrol, a rail-freight firm based in Hamburg, now runs up to five trains a week in co-operation with CER Hungary and LTE of Austria, another private firm—and it makes a profit. The trick seems to be flexibility in putting together trainloads from small groups of wagons, well-timed leasing of locomotives and rolling-stock, and negotiating good access rates. Transpetrol says it has also persuaded customers that they will not suffer any repercussions from the state-owned competition.

Until competition is more open, private challengers will be on an uphill gradient. One of the big four will undoubtedly be DB Schenker Rail. It runs a daily freight service to China taking 15 days from Germany and in September it will begin a service three times a week to Istanbul. Even private-sector challengers acknowledge it is well-run. Few question the virtue of getting more goods onto rail, but efforts to do so have been mixed.

EU auditors recently recommended pulling the plug on another project, Marco Polo, in which large sums have been spent on tracks and terminals with not much improvement to show for it. In contrast rail-freight routes can still take up to 18 months to plan. Even once the EU has all its corridors in operation, it will struggle to get half of all cargo on the rails.

The plan is ambitious in scope, identifying 15 areas where change is needed. An analysis by Reuters news agency found that three-quarters of the top 50 American technology firms used such structures to cut their tax bills. Highlighting problems is the easy part. Developing proposals, which the OECD hopes to do over the next two to three years, will be hard.

Mountains of details will have to be worked out by committees of technocrats from countries that disagree on several big issues. Some European countries, for instance, want to tighten the rules on internet-based services, which let firms avoid billions of dollars in tax by selling such things as advertising through affiliates in tax havens. America, home to many giant tech firms, has pushed back, securing agreement that the issue will be studied further before reforms are drafted. Its standards are non-binding.

Its plan envisages a multilateral tax treaty that would override existing bilateral accords, but this would have to be ratified by individual countries and would have force only in those that did so. A multilateral convention on tax co-operation, drawn up by the OECD and the Council of Europe in the s, took 20 years to gain more than a handful of ratifications.

Even when governments do want to change tack, they can be stymied by lobbyists. Big Business and its bean-counters will be girding to fight any dramatic-looking proposals spawned by the new action plan. Given the many political and technical obstacles facing the OECD—another one is the increased difficulty of forging consensus as developing countries, with their own concerns, are brought on board—corporate tax-planners are unlikely to lose any sleep just yet.

One day, though, things may change: as the eventual adoption of the earlier multilateral convention shows, international tax reform is not impossible, merely painfully slow. Small objects of desire. THE first iPhone went on sale on June 29th This year, Mr Sun estimates, 1. But Mr Sun enthuses about many more applications, from cameras to cars. Other manufacturers, he says, will follow Tesla, an electric-vehicle maker that has put inch screens in its Model S. Taiwan, once a maker of soft toys and umbrellas, has long been a high-tech hive.

It provides a rare example of successful industrial policy though much more so in hardware than software. Seven years later it formed an alliance of notebook-PC companies. Information and communications technology now makes up one-third of GDP. The island came to dominate the notebook business. But demand for PCs has plunged. Shipments fell by People would now rather buy smartphones or tablets.

For some Taiwanese companies, the change in computing fashion has been a boon. One is TPK, although it suffered a sales wobble in the second quarter as demand for the new touchscreen notebooks proved softer than expected. TSMC makes chips by the bucketload for designers such as Qualcomm, an American company which provides the brains of more smartphones than anyone else, and MediaTek, its neighbour in Hsinchu, which sold m smartphone chipsets in and expects to sell m in The change is a sterner test for firms that built their success on the PC.

Hon Hai, also known as Foxconn, is the best known abroad, but chiefly as a maker of iPads and iPhones. That is fine when volumes are high, but some firms have suffered declining revenues. Worse, the margins have been thinning. Attempts to breathe new life into the PC have so far been disappointing. But even if all this lifts sales later this year, the glory days of the PC are over.

One option is to go where the growth is: mobile devices. Of the notebook specialists, Pegatron has been most eager. Other clients used to worry that the pair were still too hugger-mugger. Tracy Tsai of Gartner, a research firm, says having to look elsewhere for orders has been good for Pegatron. However, the mobile market is fiercely competitive, and not only among the ODMs. At the bottom a multitude of Chinese manufacturers are turning out cheap, unbranded Android tablets of fast-rising quality.

The trick will be to keep far enough ahead of the Chinese on quality to justify higher prices. Hon Hai already thinks that iPads and iPhones may be too much of a good thing. It is moving into retailing and wants to develop its own technology, for which it intends to hire another 5,, engineers in Taiwan.

On July 2nd it said it had applied for a licence to operate fourth-generation mobile-telecoms services in Taiwan. A week before it said that it would spin off its connectors division and perhaps others. Another option is to make servers, to store and process data from all those mobile devices.

Quanta began doing this several years ago. Its clients include Facebook, which has gigantic data centres to fill. Servers are helping Inventec to make a recovery. It seems to have stuck with the ODM model. Wistron has been branching out too. Wistron spread into cloud computing, after-sales service of which it already did plenty , medical equipment and recycling—which Patrick Lin now runs.

Late this year or early next Wistron will open a facility in Texas for recovering precious metals from computers and smartphones. In Kunshan, in China, it can recycle 60, tonnes of plastic a year. They have done so before, such as when they moved production to China to take advantage of its big, cheap labour force.

Up against Chinese capital as well as labour, not to mention the South Koreans, they must do so again. The drill from Ipanema. On May 14th the national regulator, ANP, successfully auctioned blocks in 11 fields, both onshore and offshore, thought to hold as much as 35 billion barrels of oil between them. Another found no takers or failed to reach the reserve price.

In all 12 domestic and 18 foreign companies paid 2. The government halted auctions while it rewrote the rules on concessions. The next hold-up was caused by politicians squabbling over dividing the royalties. States with no oil or gas nevertheless demanded a decent whack. Rio de Janeiro threatened to recoup any money it lost to the have-nots by imposing steep rises in the cost of environmental licences on oil firms in its patch.

The federal government wanted to sort this out before restarting the auctions. But earlier this year, as the row reached the Supreme Court, the government got fed up waiting. But the government hopes to sell some stakes in them by the end of the year, as well as some promising shale prospects.

Developing the deposits, which are in ultra-deep waters and buried under rocks and a thick layer of salt, will require oceans of cash. ONE of the most popular videos this month on YouTube, an online video site, is a commercial by a bottled-water firm, Evian. In it, adults walking by a shop window see their baby lookalikes reflected, and start dancing with their former selves. The grown-up YouTube, however, looks nothing like it did in its infancy. Once a warehouse for pirated clips and amateur footage of cats, YouTube has been trying to transform itself into a sleeker, more sophisticated site that can compete with television for advertisers.

It will soon look even more like television. Novice clips have attracted a tonne of views, but not a tonne of money, because advertisers are reluctant to place adverts next to shoddy homemade videos. More than 1 billion people use YouTube each month, so getting even a small share of them to pay for content could prove lucrative, and will encourage more content providers to bring their material to YouTube. Videos of cats, no matter how cool, will not lure many paying subscribers; but channels with big, loyal followings, such as Machinima, which specialises in animated programmes and video games for young males, probably could.

Already YouTube is no longer just for amateurs. Time Warner, a big media firm, has invested in Maker Studios, which produces videos for YouTube channels. Other online sites are betting that having slick, new programming will attract people to their sites.

But Hulu, Amazon, YouTube, Yahoo and Microsoft, among others, are also putting money into new series and original content. Anyone who thinks channels exist only on television is sorely mistaken. Design your own walkabout. Shoes of Prey was the result. Old-fashioned shoemakers in shops are disappearing in Australia. Internet shoesellers are replacing them.

It wastes no time wooing men. Investors from America offered funds, some on condition that Shoes of Prey shift its base from Sydney to Silicon Valley. But Mr Fox and his friends refused to move.

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