Financial Times: From Sovereign Funds to Boardroom Feuds
Top stories in the Financial Times include Saudi Arabia's potential withdrawal from LIV Golf, a US jury's finding of Live Nation's market monopoly, anticipated ceasefire in Lebanon, Norway's firm US asset stance, massive BBC job cuts, and Rheinmetall's major drone deal for Germany.
In a bid to restructure their strategic investments, Saudi Arabia's Public Investment Fund is reportedly on the brink of retracting its financial backing for LIV Golf, posing uncertainty for the project's sustainability.
In legal realms, a chilling verdict from a New York jury has found Live Nation guilty of monopolistic behavior in the concert ticketing market, a move that could shake the live events industry to its core.
Lebanese officials remain hopeful as diplomatic maneuvers promise a looming ceasefire between Israel and Hizbollah. Meanwhile, Norway sticks to its guns on US investments, resisting pressures amid geopolitical tensions.
(With inputs from agencies.)
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