Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...
FIFA has increased Africa’s slots at the 2023 FIFA Women’s World Cup to be held in Australia and New Zealand from three to six. The decision was one of the major decisions the Bureau of FIFA Council took on Thursday, December 24, when it met to discuss the fate of upcoming FIFA competitions. Africa in time past had three direct slots, which were given to the top three performing teams at the Africa Women’s Championship. The new decision, which is due to the expansion of the competing teams from 24 to 32 teams, will mean that Africa will have four direct slots and two others fighting in play-offs. The two host countries, Australia and New Zealand, will automatically qualify for the 2023 World Cup and their slots have been taken directly from the quotas allocated to their confederations, nam...
In one example, the ACCC said the total price for two Cat Stevens (aka Yusuf Islam) tickets was found to increase from A$450.00 ($357) to A$579.95 ($460), a rise of 29%, when the A$125 ($100) booking and A$4.95 ($4) handling fees were added. Justice Burley described one category of representations as having been made on “an industrial scale”. The company’s business practices were “unacceptable,” says ACCC Chair Rod Sims. “Viagogo misled thousands of consumers into buying tickets at inflated prices when they created a false sense of urgency by suggesting tickets were scarce and when they advertised tickets at a lower price by not including unavoidable fees.” The federal court’s stiff penalty is meant as a warning to other companies that breached consumer protections. The court also or...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...