Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Trump's Transgender Sports Ban Faces Enforcement Challenges 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Trump’s U.S. Open Visit Delays Final, Fans Face Long Security Lines 
Why is soccer fandom so linked to violence? 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
‘The geezer game’ – a nearly 50-year-old pickup basketball game – reveals its secrets to longevity 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Pepe Marti’s Epic F2 Win: ‘Game-Changer’ in Championship Battle as Abbi Pulling Steals F1 Academy Spotlight 
Trump Attends Super Bowl Amid Cheers, Boos, and Political Divide 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Madison Square Garden (MSG) Sports posted a US$24.1 million revenue for its fiscal first quarter of 2023, increasing 28 percent or US$5.3 million on-year.
The owner of NBA’s New York Knicks and NHL’s Rangers cited solid sponsorship demand this was both in terms of signing new deals, as well as agreeing to partnership renewals for the revenue uptick.
The extensions and sales of suite licenses strongly contributed to the quarter, up by US$1.5 million on year.
Because the average revenue per game increased, preseason ticket-related revenues increased by US$1.1 million over the previous year. Additionally, league distribution income rose by $900,000.
For the 2022–2023 seasons, the average season ticket renewal rates for the Knicks and Rangers together are higher than 90 percent. Additionally, it stated that season ticket package sales continue to bring in sizable revenue and predicted further increases in local and national media rights fees for the upcoming fiscal year 2023.
Nevertheless, MSG Sports reported an adjusted operating loss of $27.3 million, which was an increase of 3 percent reported over the same period last year.
The losses were due to an increase of $11.6 million in selling, general, and administrative expenditures. MSG Sports attributed the increase primarily to higher staff pay and benefits after restoration to regular operations following the pandemic.
