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02.05.26 - 22:42
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Government notifies FDI changes on China funds (Times of India)
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India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee....
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02.05.26 - 13:12
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Wrexham AFC used taxpayer funds for pitch upgrades not mentioned in initial grant (The Guardian)
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Documents made no reference to pitch works later added to £18m deal, with club spending £1.7m on upgradesWrexham AFC, the football club part-owned by Hollywood stars Ryan Reynolds and Rob Mac, used taxpayer funds to re-lay its pitch, even though initial grant documents assessing the state investment did not make reference to it.The club has been awarded £18m in grants, with the first £3.8m tranche in February 2022. However, legally required state aid documents relating to that initial grant made no reference to the pitch works. Continue reading......
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02.05.26 - 11:54
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European countries still expect to lose money at World Cup despite prize fund increase (The Guardian)
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European nations wanted more merit-based prize moneyHigh costs of travel and hotels will exceed Fifa payoutsA number of leading European countries still expect to lose money at the World Cup despite Fifa increasing the prize and participation fund by $112m (£82m) this week.The main host federation, US Soccer, is also understood to be forecasting an operational loss on the tournament, although that will be more than offset by a projected $100m windfall from a revenue-sharing agreement from ticket sales with Fifa that will also benefit the two other co-hosts, Canada and Mexico. Continue reading......
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01.05.26 - 06:00
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Saudi Arabia Public Investment Fund To Stop Funding LIV Golf After 2026 Season (ZeroHedge)
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Saudi Arabia Public Investment Fund To Stop Funding LIV Golf After 2026 Season
LIV Golf is preparing to inform players and staff that its main financial backer, Saudi Arabia's Public Investment Fund, will stop funding the league after the 2026 season, according to Golfweek. The announcement—expected midweek—would open the door for CEO Scott O'Neil to pursue new investment to keep the tour running.
Since launching in 2022 as a challenger to the PGA Tour, the circuit has reportedly burned through more than $5 billion while failing to gain meaningful U.S. viewership. Broadcast deals with The CW Network and later Fox did little to improve ratings.
Uncertainty around funding has been building. In April, O'Neil acknowledged the league is only financed through this season, saying future survival depends on securing new backers—even as he publicly maintained LIV is in its best position yet.
Golfweek writes that the timing aligns with a broader shift by PIF, led by Yasir Al-Rumayyan, toward pr...
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