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Yahoo
25 minutes ago
- Yahoo
Official: Barcelona secure €40m funds boost
La Liga champions Barcelona have this week secured an agreement which will benefit the club greatly from a financial standpoint over the coming years. This comes amid confirmation of a collaboration with the Government of the Democratic Republic of Congo. After being informed by La Liga that new sources of income would be required to return to the 1:1 financial rule this summer, Joan Laporta and co. had since been scouring the globe for potential revenue opportunities. This search had given rise to talks with a whole host of companies and organisations the world over. And as alluded to above, this week, one such round of negotiations have officially borne fruit for Barcelona. As per a statement across the Blaugrana's website and social media platforms: 'FC Barcelona and the Government of the Democratic Republic of Congo (DRC) have announced a strategic four-year partnership with the objective of promoting football and the culture of sport and peace. This agreement signifies a shared commitment to fostering multi-sport development within the DRC and as part of it this collaboration the club will contribute to enriching the training of the country's young athletes by transferring its ecosystem of values, an indisputable pillar of the Barça model and style.' As per an ensuing report from Spanish outlet , the deal 'will mean a figure of around 40 million euros of income for the club, 10 for each of the years of the contract'. Conor Laird – GSFN


Android Authority
26 minutes ago
- Android Authority
Cheap gaming handhelds are about to lose their last affordability lifeline in the US
Nick Fernandez / Android Authority TL;DR A new Executive Order ends the $800 duty-free limit for all commercial imports starting August 29. The move closes various shipping loopholes used to avoid earlier China-specific tariffs. Prices for budget gaming handhelds and other devices shipped after the deadline may face steep duties. Remember when we said cheap gaming handhelds were about to get more expensive in the US? Well, it's worse than we thought, and it's happening soon. A new Executive Order from President Trump will end the $800 de minimis exemption for all commercial imports starting August 29, slamming shut the final loopholes some companies were using to keep prices low. As detailed in a new White House Fact Sheet, the wide-reaching order suspends duty-free treatment for low-value shipments regardless of their country of origin. It follows an earlier measure that applied only to goods from China and Hong Kong. In response, some electronics makers began routing packages through Macau to avoid the tariffs, but that strategy won't work once the new rules kick in. Under the updated system, all commercial shipments sent through private couriers will face full duties. Even packages sent through the international postal system will be taxed based on their country of origin. This will either be a percentage-based (ad valorem) tariff or a flat-rate charge ranging from $80 to $200 per item. That could significantly increase the price of devices like the Retroid Pocket Classic or the newly announced AYANEO KONKR Pocket FIT, assuming they continue shipping directly to the US. The move could decimate the budget gaming handheld market in the US, which has thrived on small-batch, low-margin devices sold directly to consumers. The original China-specific tariff imposed at the start of May threatened to push prices up by 30% or more. This new global suspension ensures there are no more workarounds. The order doesn't just target gaming hardware — it's part of a broader crackdown on de minimis abuse, which US officials say has allowed unsafe goods, counterfeits, and even drugs to enter the country with minimal inspection. However, with the new rules taking effect on August 29, any affordable handheld still in transit after that date could get hit with a steep bill. Follow


Bloomberg
27 minutes ago
- Bloomberg
Brazil Holds Interest Rate at 15% on High Inflation, Tariff Uncertainty
Brazil's central bank held its key interest rate unchanged, pausing a monetary tightening cycle to observe its effects on above-target inflation just hours after Donald Trump delayed the implementation of punishing tariffs. Central bankers led by Gabriel Galipolo kept the benchmark Selic steady at 15% late on Wednesday as expected by all economists in a Bloomberg survey. The decision interrupted seven straight hikes that added 4.5 percentage points to borrowing costs between last September and June.