Latest news with #CR7
United News of India
a day ago
- Sport
- United News of India
Siraj's six-fer floors Eng after Smith-Brook heroics
Birmingham, July 4 (UNI) Mohammed Siraj produced a devastating spell today evening to claim a six-wicket haul, bowling England out for 407 just before the close of play, and handing India a crucial 180-run first-innings lead in the second Test at Edgbaston. By stumps on Day 3, India had advanced to 64 for 1 in 13 overs, extending their lead to 244 runs, with KL Rahul unbeaten on 28 and Karun Nair steady on 7. Earlier in the day, a record-breaking sixth-wicket partnership between Jamie Smith and Harry Brook threatened to erase India's early dominance. The pair resurrected England from 84 for 5 to 387, piling on 303 runs in a remarkable counterattack that saw the Indian bowling lose direction and composure. Smith, displaying power and poise, hammered 184 off 207 balls with 21 boundaries and four sixes, while Brook crafted a classy 158 off 234 (17 fours, 1 six), showing remarkable temperament. Their 300-run partnership came off 364 balls, taking England to 355 for 5 by tea. However, the post-tea session belonged entirely to India and Siraj. The breakthrough came in the 83rd over when Akash Deep bowled Brook with a sharp nip-backer, ending the massive stand. That dismissal opened the floodgates. Chris Woakes edged behind off a wide delivery from Akash Deep, Brydon Carse fell LBW to a successful DRS taken by vice captain Rishabh Pant, and Josh Tongue was plumb LBW to a full Siraj delivery, bringing up the seamer's fifth wicket. Siraj finished the job in style, uprooting Shoaib Bashir's off stump with a lethal wobble-seam ball that nipped in sharply, sealing England's innings at 407. Siraj celebrated with his signature "CR7 Siuuu" leap, drawing cheers from the spectators. Siraj's final figures read 19.3-3-70-6, while Akash Deep finished with figures of 20-2-88-4. All other Indian bowlers remained wicketless and expensive through the middle overs, especially Washington Sundar and Ravindra Jadeja, who were taken apart by the Smith-Brook assault. India's openers then launched a brisk reply under fading light. Yashasvi Jaiswal and Rahul took advantage of loose bowling from Woakes, Carse, and Tongue, racing to 50 in just 45 balls. Jaiswal's 28 off 22 balls (6 fours) ended controversially when he was adjudged LBW to Tongue. Although the timer for review appeared to expire, the umpires allowed it, and replays confirmed the ball was hitting leg stump. Rahul, meanwhile, looked in sublime touch, caressing six boundaries, including back-to-back off Woakes and Carse. Karun Nair, returning to the Test fold, also got underway with a boundary and remained unbeaten. Brief Scores: India 1st innings: 587 all out in 151 overs; England 1st innings: 407 all out in 89.3 overs (Jamie Smith 184, Harry Brook 158; Mohammed Siraj 6/70, Akash Deep 4/88); India 2nd innings 64/1 in 13 overs (KL Rahul 28*, Karun Nair 7*) UNI BDN GNK
Euronews
a day ago
- Business
- Euronews
Super-wealthy on the move: Italy to attract 3,600 millionaires in 2025
More than 142,000 millionaires worldwide will relocate in 2025, according to research by Henley & Partners, a company specialising in consultancy for citizenship and residency programmes. Around 3,600 of them will choose Italy, ranking behind only the United Arab Emirates (9,800) and the United States (7,500), but ahead of Switzerland (3,000). The decision is driven by geopolitical tensions and increasing global tax competition, with the number of high-net-worth individuals ready to relocate having more than doubled in the past decade. The CR7 flat tax: A key to fiscal attractiveness Since 2017, Italy has been applying a special tax regime known as the 'CR7 rule' (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years. For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily. Milan, a new hub for international high finance The recent abolition of the tax regime for 'non-doms' in the United Kingdom, individuals resident but not domiciled, has prompted many international millionaires and managers to move to Italy, particularly Milan. Names such as Elio Leoni-Sceti, Bart Becht, Richard Gnodde and Nassef Sawiris have chosen Milan for its tax advantages, quality of life and quick access to European markets. In addition to the favourable tax conditions, Milan is experiencing a growth in luxury services, with new exclusive clubs, high-end hotels such as Rocco Forte and Rosewood, and an expansion of international law firms. Italian financial wealth: $7 trillion and growth prospects According to the 2025 Global Wealth Report by Boston Consulting Group (BCG), Italy ranks eighth in the world for investable financial wealth, with a total wealth of approximately $6.9 trillion in 2024, slightly down 1.1% compared to the previous year due to a less favourable market environment. Of this wealth, 40% is invested in equities and mutual funds, 25% in deposits and currencies, 18% in life insurance policies and pensions, and 8% in bonds. BCG predicts an average annual growth of 6.5% until 2029, with financial assets potentially reaching $9.455 trillion. Millionaires and the super-rich in Italy: taxation and quality of life Italy is home to about 517,000 millionaires (with assets over one million dollars) and 2,600 super-rich with assets over one hundred million dollars. The number of millionaires is expected to grow by 1% annually over the next four years, while the ultra-rich segment will grow by 3%. Supporters of the tax regime believe that the arrival of millionaires encourages consumption, investment and the creation of new businesses, contributing to tax revenue and economic development. Sceptics, on the other hand, warn of the risks of downward tax competition and the inflationary impact on the real estate market and services, especially since many super-wealthy citizens choose Italy to enjoy their retirement. Beyond tax advantages, Italy is attractive for its Mediterranean climate, cuisine, proximity to the sea and mountains, and a lower cost of living compared to London or Monaco. These factors, together with excellence in luxury services and a growing financial and legal network, make the country a popular destination for high-net-worth individuals seeking stability and a good quality of life. Other destinations for millionaires Besides Italy, other cities are attracting millionaires thanks to favourable tax regimes and high standards of living. Dubai, for example, offers zero taxation and a dynamic capital market. However, some cities, such as London, have seen a flight of millionaires due to high taxes and political uncertainties. According to Henley & Partners' report, London has lost about 30,000 millionaires in the last decade.
Yahoo
3 days ago
- Business
- Yahoo
Millionaires on the move: Italy to attract 3,600 billionaires in 2025
More than 142,000 millionaires worldwide will relocate in 2025, according to research by Henley & Partners, a company specialising in consultancy for citizenship and residency programmes. Around 3,600 of them will choose Italy, ranking behind only the United Arab Emirates (9,800) and the United States (7,500), but ahead of Switzerland (3,000). The decision is driven by geopolitical tensions and increasing global tax competition, with the number of high-net-worth individuals ready to relocate having more than doubled in the past decade. Since 2017, Italy has been applying a special tax regime known as the 'CR7 rule' (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years. For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily. The recent abolition of the tax regime for 'non-doms' in the United Kingdom, individuals resident but not domiciled, has prompted many international millionaires and managers to move to Italy, particularly Milan. Names such as Elio Leoni-Sceti, Bart Becht, Richard Gnodde and Nassef Sawiris have chosen Milan for its tax advantages, quality of life and quick access to European markets. Related Italy doubles 'billionaires' tax on wealthy new arrivals Europe's top tax breaks for the rich – see how countries compare In addition to the favourable tax conditions, Milan is experiencing a growth in luxury services, with new exclusive clubs, high-end hotels such as Rocco Forte and Rosewood, and an expansion of international law firms. According to the 2025 Global Wealth Report by Boston Consulting Group (BCG), Italy ranks eighth in the world for investable financial wealth, with a total wealth of approximately $6.9 trillion in 2024, slightly down 1.1% compared to the previous year due to a less favourable market environment. Of this wealth, 40% is invested in equities and mutual funds, 25% in deposits and currencies, 18% in life insurance policies and pensions, and 8% in bonds. BCG predicts an average annual growth of 6.5% until 2029, with financial assets potentially reaching $9.455 trillion. Italy is home to about 517,000 millionaires (with assets over one million dollars) and 2,600 super-rich with assets over one hundred million dollars. The number of millionaires is expected to grow by 1% annually over the next four years, while the ultra-rich segment will grow by 3%. Supporters of the tax regime believe that the arrival of millionaires encourages consumption, investment and the creation of new businesses, contributing to tax revenue and economic development. Sceptics, on the other hand, warn of the risks of downward tax competition and the inflationary impact on the real estate market and services, especially since many super-wealthy citizens choose Italy to enjoy their retirement. Beyond tax advantages, Italy is attractive for its Mediterranean climate, cuisine, proximity to the sea and mountains, and a lower cost of living compared to London or Monaco. These factors, together with excellence in luxury services and a growing financial and legal network, make the country a popular destination for high-net-worth individuals seeking stability and a good quality of life. Besides Italy, other cities are attracting millionaires thanks to favourable tax regimes and high standards of living. Dubai, for example, offers zero taxation and a dynamic capital market. However, some cities, such as London, have seen a flight of millionaires due to high taxes and political uncertainties. According to Henley & Partners' report, London has lost about 30,000 millionaires in the last decade.
Euronews
3 days ago
- Business
- Euronews
Millionaires on the move: Italy to attract 3,600 billionaires in 2025
More than 142,000 millionaires worldwide will relocate in 2025, according to research by Henley & Partners, a company specialising in consultancy for citizenship and residency programmes. Around 3,600 of them will choose Italy, ranking behind only the United Arab Emirates (9,800) and the United States (7,500), but ahead of Switzerland (3,000). The decision is driven by geopolitical tensions and increasing global tax competition, with the number of high-net-worth individuals ready to relocate having more than doubled in the past decade. The CR7 flat tax: A key to fiscal attractiveness Since 2017, Italy has been applying a special tax regime known as the 'CR7 rule' (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years. For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily. Milan, a new hub for international high finance The recent abolition of the tax regime for 'non-doms' in the United Kingdom, individuals resident but not domiciled, has prompted many international millionaires and managers to move to Italy, particularly Milan. Names such as Elio Leoni-Sceti, Bart Becht, Richard Gnodde and Nassef Sawiris have chosen Milan for its tax advantages, quality of life and quick access to European markets. In addition to the favourable tax conditions, Milan is experiencing a growth in luxury services, with new exclusive clubs, high-end hotels such as Rocco Forte and Rosewood, and an expansion of international law firms. Italian financial wealth: $7 trillion and growth prospects According to the 2025 Global Wealth Report by Boston Consulting Group (BCG), Italy ranks eighth in the world for investable financial wealth, with a total wealth of approximately $6.9 trillion in 2024, slightly down 1.1% compared to the previous year due to a less favourable market environment. Of this wealth, 40% is invested in equities and mutual funds, 25% in deposits and currencies, 18% in life insurance policies and pensions, and 8% in bonds. BCG predicts an average annual growth of 6.5% until 2029, with financial assets potentially reaching $9.455 trillion. Millionaires and the super-rich in Italy: taxation and quality of life Italy is home to about 517,000 millionaires (with assets over one million dollars) and 2,600 super-rich with assets over one hundred million dollars. The number of millionaires is expected to grow by 1% annually over the next four years, while the ultra-rich segment will grow by 3%. Supporters of the tax regime believe that the arrival of millionaires encourages consumption, investment and the creation of new businesses, contributing to tax revenue and economic development. Sceptics, on the other hand, warn of the risks of downward tax competition and the inflationary impact on the real estate market and services, especially since many super-wealthy citizens choose Italy to enjoy their retirement. Beyond tax advantages, Italy is attractive for its Mediterranean climate, cuisine, proximity to the sea and mountains, and a lower cost of living compared to London or Monaco. These factors, together with excellence in luxury services and a growing financial and legal network, make the country a popular destination for high-net-worth individuals seeking stability and a good quality of life. Other destinations for millionaires Besides Italy, other cities are attracting millionaires thanks to favourable tax regimes and high standards of living. Dubai, for example, offers zero taxation and a dynamic capital market. However, some cities, such as London, have seen a flight of millionaires due to high taxes and political uncertainties. According to Henley & Partners' report, London has lost about 30,000 millionaires in the last decade.
News18
6 days ago
- Business
- News18
MS Dhoni Files Trademark For His Iconic 'Captain Cool' Nickname
Last Updated: Mahendra Singh Dhoni has filed for the trademark of 'Captain Cool', with the application was submitted online on June 5 via the Trade Marks Registry portal. Mahendra Singh Dhoni has filed for the trademark of 'Captain Cool," a nickname synonymous with his calm leadership style. The application, submitted online on June 5 via the Trade Marks Registry portal, signals MS Dhoni 's intention to officially claim ownership of the word that has become synonymous with him among fans and the cricket community at large. Why MS Dhoni is Called 'Captain Cool'? Over the years, 'Captain Cool' has evolved into more than just a moniker. It has come to show Dhoni's ability to remain composed under pressure, from leading India to victory in the inaugural T20 World Cup in 2007 to winning the ODI World Cup in 2011 as well as the Champions Trophy in 2017. Is 'Captain Cool' Like 'Air Jordan' or 'CR7'? The trademarking of a name or words for branding purposes is common among global icons. Football icon Cristiano Ronaldo has used the 'CR7" term to create a brand around himself and has used it for his thriving business empire. Michael Jordan capitalised on the 'Jumpman" logo alongside his deal for the brand 'Air Jordan' has shown his business acumen. Virat Kohli 's 'one8' has been used in his multiple businesses across sectors – from clothing to restaurants. After CSK's last league phase match in IPL 2025, Dhoni had kept fans guessing over his future. 'I have 4-5 months to decide, there's no hurry to decide what needs to be done. Every year it's 15% more effort to keep the body fit. You have to be at your best, this is top level cricket. It's professional cricket. It's not always performance you can count. If cricketers start retiring because of their performances, some of them will retire at the age of 22. What is important to see is how much hunger you have and how fit you are. How much you can contribute for the team. Whether the team needs you or doesn't, so I have enough time," Dhoni had said. More to follow… First Published:
