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January 2nd - New tax measures for certain cross-border remittances in the United States will officially take effect on January 1st, 2026 (local time). According to regulations from the U.S. Treasury Department and the IRS, starting January 1st, 2026, remittance service providers will be required to collect a 1% tax on eligible remittance transactions and declare and pay it as required. The regulations indicate that this tax will be payable when remitters use cash or similar "instruments of payment in kind" (including money orders, bank drafts, etc.) as the source of funds for cross-border remittances; transactions using U.S. bank accounts or debit cards, credit cards, etc., are generally not subject to this tax. This measure is part of the Trump administrations "Big and Beautiful" tax and spending bill. According to the IRS, this tax applies to overseas remittance recipients, including U.S. citizens and residents.Kremlin: Putin spoke by phone with the governor of Kherson region. He received a briefing on the situation and progress of the investigation into the attack by Ukrainian armed forces.January 2nd - On the evening of January 1st, 2026, local time, Ukrainian President Volodymyr Zelenskyy stated that he had received a briefing from Ukrainian National Security and Defense Council Secretary Alexei Umerov regarding his visit to Turkey. Earlier that day, Umerov met with Turkish Foreign Minister Fedan and Turkish National Intelligence Director Ibrahim Kalin in Turkey. Zelenskyy stated that Ukraine has been fully committed to resuming prisoner exchanges at the beginning of the new year, which is the core issue of the talks with Turkey. Ukraine needs Turkeys assistance to help Ukrainian citizens in Russia return home. He noted that last years exchange operations were very active but stalled at the end of the year and now need to be restarted.On January 2nd, the Russian Ministry of Defense announced on January 1st that it had transferred the instrument decoding data and flight controller of the Ukrainian drone that flew towards Russian President Vladimir Putins residence on December 29, 2025, to the United States. The transfer was conducted by Admiral Igor Kostyukov, Chief of the Main Intelligence Directorate of the General Staff of the Armed Forces of the Russian Federation. Kostyukov stated that the decoding of the controller of the Ukrainian drone shot down on December 29, 2025, unequivocally confirmed that its target was the Russian presidential residence complex. Transferring the relevant data to the United States will help clarify all doubts and facilitate the ascertainment of the truth.The head of the Main Intelligence Directorate of the General Staff of the Russian Armed Forces stated that the declassified data handed over by the United States came from a Ukrainian drone that flew to the Russian presidential residence, which will help to determine the truth.

After A Record Loss, Star Entertainment Raises $545 Million And Suspends Dividends

Skylar Williams

Feb 23, 2023 13:54

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Star Entertainment Group Ltd. announced that it would raise A$800 million ($545 million) to repay debt and suspend dividend payments, as it reported a record statutory loss for the first half of the year due to challenging business conditions in Sydney.


Star, Australia's second-largest casino operator, has seen its profits eroded by regulatory restrictions on its Sydney operations beginning in mid-September and intense competition from larger competitor Crown Resort, which began operations in Sydney in August.


The capital raising, which consists of a A$685 million 3-for-5 rights offer and a A$115 million institutional placement, will enable Star to repay debt and increase liquidity, the company announced Thursday. End of 2022, it had a net debt of A$1.11 billion.


Capital-raising shares are being sold at $1.20 each, which is 21% below Star's most recent closing price of $1.50.


Star stated that major shareholders Chow Tai Fook Enterprises and Far East Consortium have exercised their rights and committed $80 million to the capital raise.


Star reported a record statutory net loss after tax of A$1.26 billion for the six months ended December 31, compared to a loss of A$74,2 million a year earlier.


Star had previously warned of an impairment charge of up to A$1.6 billion in the first half as a result of a proposal by the New South Wales government to increase taxes on casino poker machine operators. Sydney is the state's capital.


Tax resolution with the New South Wales government remains the most important catalyst for investors, according to Jefferies analysts.


In the first half, the casino operator wrote down the goodwill of its Sydney casino from A$851 million to zero.


In an effort to reduce its debt, the company announced it would suspend dividend payments, and its casino licences were in full operation.


The company posted a normalised nett profit after taxes of $43,6 million, compared to A$73,7 million in losses in the prior year.


Thursday is a trading suspension for Star shares while the capital raise is in progress.