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Search resuls for: "Rumayyan"


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☆ Saudi ruler Mohammed bin Salman is seeking to humiliate Biden as part of a global power play
  + stars: | 2022-10-28 | by ( Tom Porter | ) www.businessinsider.com   time to read: +5 min
Saudi ruler Mohammed bin Salman wants to assert himself internationally. It is a change driven by the Saudi crown prince, Mohammed bin Salman, who is deliberately snubbing the US in an attempt to chart a more independent path, an expert told Insider. Specifically, this has taken the form of Saudi Arabia joining Russia other oil-rich nations to announce a steep cut in production. Cafiero, the analysts, said that Crown Prince Mohammed believes that drawing closer to Russia and China will secure more "leverage" internationally. "Bin Salman and others in Saudi Arabia took a tremendous amount of offense to that rhetoric.
☆ Justice Department's antitrust investigation of PGA Tour includes U.S. Golf Association
  + stars: | 2022-10-26 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +2 min
The Justice Department's antitrust investigation of the PGA Tour's actions against the upstart LIV Golf league has also ensnared the Augusta National Golf Club and the United States Golf Association. The managing director of LIV Golf, Majed Al Sorour, had warned that LIV would start its own majors, but later walked back the comment on Twitter. Mickelson, meanwhile, told Sports Illustrated that he "wholeheartedly" expects to play at the Masters despite his LIV Golf affiliation. Both the PGA Tour and LIV Golf have been lobbying in Washington D.C. to state their case against the other. LIV Golf also filed its own antitrust suit against the PGA Tour in September, and the tour subsequently countersued, alleging that LIV Golf was anticompetitive because of its restrictive player contracts.
☆ PGA Tour sues LIV Golf's Saudi backers to force evidence discovery
  + stars: | 2022-10-21 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +3 min
The PGA Tour has filed a lawsuit against LIV Golf backers, the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince, in an effort to force evidence discovery in ongoing legal battles. LIV Golf sued the tour alleging anti-competitive practices for banning its players, and the tour recently countersued LIV Golf, claiming the upstart league was itself stifling competition. "LIV Golf is just beginning its process and is in active discussions with several companies about broadcasting the LIV Golf League. Meanwhile, the PGA tour has taken to Washington D.C. to lobby against LIV Golf, and LIV Golf CEO Greg Norman, a former PGA Tour star, made his own visit to Capitol Hill in mid-September to "educate members on LIV's business model and counter the Tour's anti-competitive efforts." The LIV Golf championship will take place starting Oct. 28 at the Trump National Doral in Miami.
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