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New York and New Jersey to spend over half a billion dollars to host the 2026 World Cup
Developing
Sports·2d agoAI summary

New York and New Jersey to spend over half a billion dollars to host the 2026 World Cup

New York and New Jersey are set to spend over $500 million to host the 2026 World Cup, amid debates about expected returns versus public costs. The tournament faces weather concerns, with predictions of high heat and potential thunderstorms impacting matches. Notably, US President Donald Trump and Mexican President Claudia Sheinbaum will not attend their respective national team's opening matches.

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الشرق الأوسط
Israel Approves Tens-of-Billions Dollar Fighter Jet Deal with Lockheed Martin and Boeing
Developing
Defense·5/3/2026AI summary

Israel Approves Tens-of-Billions Dollar Fighter Jet Deal with Lockheed Martin and Boeing

Israel's defense ministry has approved the purchase of F-35 and F-15IA fighter jets from Lockheed Martin and Boeing in a deal worth tens of billions as part of a 350 billion shekel ($119 billion) defense modernization plan. The approval establishes a fourth F-35 squadron and second F-15IA squadron, doubling the F-35 program from 50 to 100 aircraft and increasing the F-15IA fleet from 25 to 50.

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Times of India
PIF's LIV Golf withdrawal raises questions over Saudi Arabia's sporting future
Developing
Business·5/1/2026AI summary

PIF's LIV Golf withdrawal raises questions over Saudi Arabia's sporting future

Saudi Arabia's Public Investment Fund has announced it will stop funding LIV Golf at the end of the season, marking the end of a billion-pound investment in the breakaway golf series. The decision comes amid a $73bn budget deficit last year and signals a shift toward more sustainable investments. With the 2034 FIFA World Cup approaching and massive infrastructure costs ahead, PIF is reviewing its entire sports portfolio. Other casualties include the cancelled Saudi Arabia Snooker Masters and abandoned 2035 rugby World Cup bid, though Newcastle United investment remains unchanged.

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BBC Sport
Saudi Arabia to Withdraw LIV Golf Funding at Season's End
BREAKING
Business·4/30/2026AI summary

Saudi Arabia to Withdraw LIV Golf Funding at Season's End

Saudi Arabia's Public Investment Fund will withdraw its multi-billion dollar backing of LIV Golf at the end of the season, sources have told BBC Sport. The breakaway golf tour, which has lost over $1.1bn since launching in 2021, will announce a new strategic plan on Thursday to find replacement investors. PIF governor Yasir Al-Rumayyan is set to step down from LIV's board amid reports the series is "totally up for sale".

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BBC Sport
Saudi Arabia to Withdraw Multi-Billion Dollar LIV Golf Funding at End of Season
Developing
Business·4/30/2026AI summary

Saudi Arabia to Withdraw Multi-Billion Dollar LIV Golf Funding at End of Season

Saudi Arabia's Public Investment Fund will withdraw its multi-billion dollar backing of LIV Golf at the end of the season, sources tell BBC Sport. The breakaway golf tour, which has lost over $1.1bn since 2021, will announce a new strategic plan on Thursday to find fresh financial investors. PIF governor Yasir Al-Rumayyan is set to step down from LIV's board, marking the end of Saudi backing that has totaled over $5bn.

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BBC Sport