Economist Mariana Mazzucato advocates for a 'Common Good Economy,' urging governments to reclaim their role as market shapers and prioritize collective well-being over rigid fiscal rules. Her new book proposes a radical shift in economic theory to tackle inequality and climate change, emphasizing purpose-driven governance and community involvement.
The PNRR has significantly boosted public investments, with tender amounts averaging 3.6% of GDP. It also accelerated spending efficiency and public procurement, despite administrative limits. By late 2025, 85% of PNRR funds were allocated and 54% spent.
Hong Kong's construction sector is undergoing a digital transformation, driven by public investment and a "AI+" agenda. The Hong Kong Construction Industry (HKIC) is central to this shift, offering training in AI, robotics, and digital engineering to upskill the workforce and enhance efficiency and safety.
Three years after the May 2023 floods, Emilia-Romagna reports over 6,000 interventions and €2.5 billion in public funding. Over half of public works are complete, with reconstruction for private individuals and businesses ongoing.
LIV in race against time to survive without PIF fundingMcIlroy: ‘I was hearing about this in March, April time’Rory McIlroy has revealed he heard rumblings of impending trouble for LIV Golf weeks before the Saudi Arabian Public Investment Fund confirmed it would withdraw funding for the circuit. The Masters champion believes the PIF approach highlights the danger of sport becoming reliant on anything that can be affected by world affairs.LIV is engaged in a race against time to survive with the PIF, which has bestowed more than $5bn on the tour, to exit at the end of 2026. News of that, which emerged in the immediate aftermath of McIlroy’s successful defence at Augusta National last month, shocked even those within LIV but not the Northern Irishman. Continue reading...
US star is still on rebel tour but the desired focus on teams is not something that is catching on with supportersMoments before Bryson DeChambeau teed off to open LIV Golf’s first American tournament of the year, at Trump National Golf Club in Sterling, Virginia, the public address announcer bellowed “Long! LIV! Golf!” to try and electrify a modest crowd by the first tee.The irony wasn’t lost on the devoted group who skirted work and school to enjoy a sunny afternoon just 40 miles outside Washington DC: this was the first tournament since the Saudi Arabia Public Investment Fund confirmed it would no longer fund the outfit that it once imagined as the world’s premier collection of professional golfers. Before that news was finalized, the league postponed a tournament scheduled to take place in New Orleans at the end of June. Continue reading...
DeChambeau is still on rebel tour but the desired focus on teams is not something that is catching on with supportersMoments before Bryson DeChambeau teed off to open LIV Golf’s first American tournament of the year, at Trump National Golf Club in Sterling, Virginia, the public address announcer bellowed “Long! LIV! Golf!” to try and electrify a modest crowd by the first tee.The irony wasn’t lost on the devoted group who skirted work and school to enjoy a sunny afternoon just 40 miles outside Washington DC: this was the first tournament since the Saudi Arabia Public Investment Fund confirmed it would no longer fund the outfit that it once imagined as the world’s premier collection of professional golfers. Before that news was finalized, the league postponed a tournament scheduled to take place in New Orleans at the end of June. Continue reading...
Saudi Arabia’s decision to end funding for LIV Golf after 2026 has sparked wider scrutiny of its global sports spending. However, TKO Group executives insist Saudi backing for UFC, WWE and boxing remains secure, with planned events in the Middle East continuing. The move reflects a possible strategic shift within the Public Investment Fund amid rising costs and changing priorities.
Circuit’s future is uncertain after Saudi withdrawalTwo-time major champion also criticizes PGA TourBryson DeChambeau insists he would focus on his YouTube channel should LIV Golf not survive.The future of the Saudi-backed breakaway remains in doubt after the country’s Public Investment Fund (PIF) announced plans to withdraw financing at the end of the year, having spent more than $5.4bn on the venture since 2022. Continue reading...
Two-time major champion Jon Rahm revealed he has several years remaining on his LIV Golf contract and doesn’t “see many ways out” after agreeing to a new deal that allows him to play on the DP World Tour. The 31-year-old Spaniard, a former world number one, spoke Tuesday ahead of this week’s LIV Golf Virginia event at Trump National Washington. Saudi Arabia’s Public Investment Fund (PIF), which had promised long-term support for the series, said last week it will pull funding after the 2026...
Spaniard will pay fines for previous event clashesDeal includes playing in agreed tournaments this yearJon Rahm has revealed he has ended his dispute with the DP World Tour, which returns the Spaniard to contention for next year’s Ryder Cup at Adare Manor, but he played down the sense of golfers sharply exiting LIV. Rahm, who has been tipped to make a return to the PGA Tour, has cited tight contractual terms as a reason he and others are not completely in control of their own destiny.The abrupt exit of Saudi Arabia’s Public Investment Fund (PIF) abrupt exit from LIV – the Saudis will remove finance at the end of this year – has left the tour scrambling for alternative investment. Rahm and Bryson DeChambeau are LIV’s biggest names, whom many assumed would already be glancing towards a playing future elsewhere. Rahm urged caution. Continue reading...
Cristiano Ronaldo is close to winning his first trophy with Al-Nassr since joining in December 2022, with his side five points clear of rivals Al-Hilal with three games remaining. The title race has been marred by controversy, with Al-Ahli players Ivan Toney and Galeno fined after alleging referee bias favoring Al-Nassr. Ronaldo himself criticized the league, promising to speak at season's end after seeing 'many bad things'. PIF recently sold 70% of Al-Hilal to Kingdom Holding Company, while Al-Nassr suffered a 3-1 loss to Al-Qadsiah ending a 20-game winning streak.
Newcastle United ended a five-game losing streak with a 3-1 victory over Brighton at St James' Park. Goals from Will Osula, Dan Burn, and Harvey Barnes provided a crucial win for manager Eddie Howe in front of the club's Saudi owners.
Former major winner ‘committed to making team golf work’Rebel tour now working on a junior golf initiative, he saysBryson DeChambeau, the two times US Open champion, has denied reports he is seeking a way out of the beleaguered LIV Golf, the rebel series whose future looks bleak after Saudi Arabian backers indicated they are pulling their multibillion-dollar sponsorship at the end of the 2026 season.LIV Golf is seeking to secure fresh backers in the wake of the decision by Saudi Arabia’s Public Investment Fund (PIF) to scrap its $5bn (£3.68bn) investment in golf, as part of a general retreat from sports sponsorship. There is every prospect the 2026 season will prove LIV’s last. Continue reading...
Donald Trump has expressed support for LIV Golf players returning to the PGA Tour following the league's announcement that Saudi Public Investment Fund funding is being withdrawn. Speaking at the Oval Office, Trump said he wants to see top golfers competing against each other, naming Rory McIlroy, Bryson DeChambeau, Jon Rahm and Scottie Scheffler. LIV Golf has postponed its June tournament in New Orleans, with its next event scheduled for May 7-10 at Trump National in suburban Washington. PGA Tour loyalists including Brian Harman said returning LIV players should face consequences, while Jordan Spieth said he was glad not to be involved in decisions about their return.
Can LIV find new backers and what are the options for Bryson DeChambeau, Jon Rahm, Lee Westwood and others?Confirmation that Saudi Arabia’s Public Investment Fund will cease funding the LIV Golf tour will have huge ramifications, for the future of the tour itself, the players and across golf’s traditional heartlands. Where does PIF’s withdrawal leave them all? Continue reading...
PIF ends investment after five years and $5bnLIV announces new independent board in funding pushLIV Golf has launched its search for fresh investment in a race against time to save its future after official confirmation Saudi funding would cease at the end of the 2026 season.Hours after LIV announced the creation of a new independent board minus Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, a PIF statement formally substantiated the rumours that it was pulling the plug on the start-up after around $5bn (£3.7bn) of investment. Continue reading...
LIV Golf has announced plans to seek new investment after confirming Saudi Public Investment Fund backing will end after the 2026 season. The breakaway golf league, which has received approximately $5bn from PIF since 2022, unveiled a new independent board led by Gene Davis and Jon Zinman, with Yasir al-Rumayyan stepping down. The tour stated it will transition from its foundational launch phase to a diversified multi-partner investment model, expressing confidence in securing sponsors to continue operations.
LIV Golf announced the establishment of a new independent board led by investment bankers Gene Davis and Jon Zinman after Saudi Arabia's Public Investment Fund confirmed it will pull funding after the 2026 season. The PIF has invested over $5 billion since 2022 and was spending $100 million monthly. The league, which reports 100% revenue growth since 2025, is seeking long-term financial partners and considering models including fewer tournaments, international events, or a potential merger with the DP World Tour.
Peter Malinauskas compares spending $45 million to redevelop the North Adelaide golf course to similar funding for the AFL to play in the Barossa Valley, as media reports suggest Saudi Arabia's Public Investment Fund is preparing to pull financial support for LIV Golf.
LIV Golf's New Orleans tournament scheduled for June 25-28 at Bayou Oaks at City Park will be postponed, sources told ESPN. The league is working with Louisiana officials to reschedule to fall, citing heat, course conditions and World Cup conflicts. The move comes after Saudi Arabia's Public Investment Fund pulled its funding commitment beyond this season. Louisiana had spent $2 million on course improvements and agreed to return $1.2 million already received.
Newcastle manager Eddie Howe is set for a 'stressful' meeting with the club's Saudi owners, including Yasir al-Rumayyan, to discuss the team's poor form. Howe faces scrutiny over player selection, tactics, and team morale as Newcastle struggles in the league.
Bryson DeChambeau has addressed speculation about his LIV Golf future, telling Flushing It Golf he is working on a potential contract extension and committed to the league as long as it continues. The American golfer is in the final season of his original LIV Golf deal amid questions about the circuit's future following reports that Saudi Arabia's Public Investment Fund may be ending its financial support. LIV Golf CEO Scott O'Neil has stated the league is financed through 2026 and will not fold.
Newcastle manager Eddie Howe will meet with the club's Saudi Arabian owners next week to discuss the team's poor form, which has seen them win only three of 11 Premier League games. The delegation, led by PIF chair Yasir al-Rumayyan, will quiz Howe face-to-face despite the team sitting 14th. Topics include summer recruitment plans, a new training ground, and stadium options. Bayern Munich are reportedly interested in Anthony Gordon for around £75m, with Newcastle also considering offers for Tino Livramento and Sandro Tonali to avoid European spending rule fines.
