The merger between LIV Golf, PGA Tour and the European DP World Tour shocked fans and players alike. organization complicit - and force American golfers and their fans to join this complicity – in the Saudi regime’s latest attempt to sanitize its abuses by pouring funds into major sports leagues.”Įarlier this week, the US Senate also opened an investigation into the merger, citing “PIF’s role as an arm of the Saudi government.” In a letter to the DOJ, Democratic Senators Elizabeth Warren and Ron Wyden wrote that “the PGA-LIV deal would make a U.S. The Justice Department had previously opened an investigation into the PGA Tour due to its battle with LIV Golf. “We are confident that once all stakeholders learn more about how the PGA TOUR will lead this new venture, they will understand how it benefits our players, fans, and sport while protecting the American institution of golf,” the PGA Tour said in a statement to CNN on Thursday. The reported DOJ probe into the surprise partnership casts doubt over the new, as yet unnamed joint commercial enterprise between the organizations and the Europe-based DP World Tour. The Department of Justice has reportedly notified the PGA Tour that its deal is under review for antitrust concerns, according to a report in the Wall Street Journal citing people familiar with the matter. The surprise deal this month between the PGA Tour and LIV Golf, competing tours locked in a legal battle before the merger announcement, has faced growing opposition from lawmakers. Bin Salman has denied being involved with Khashoggi’s murder. A US intelligence report named Bin Salman as responsible for executing the operation that led to the murder of journalist Jamal Khashoggi in 2018. The PIF, the Saudi sovereign wealth fund, is chaired by Mohammed bin Salman, the Crown Prince of Saudi Arabia. The PGA Tour and LIV Golf did not immediately respond to CNN’s request for comment. Wyden also said he intends to introduce legislation to revoke the Saudi PIF’s special tax exemption, which applies to certain foreign investment funds and governments. “The PGA Tour’s involvement with PIF raises significant questions about whether organizations that tie themselves to an authoritarian regime that has continually undermined the rule of law should continue to enjoy tax-exempt status in the United States,” Wyden said in a statement. The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV Golf and assess what the deal means for national security. "It is therefore a matter of social justice.The backlash to the proposed merger between the PGA Tour and LIV Golf intensified as Senate Finance Committee Chairman Ron Wyden, D-Oregon, opened an investigation into the deal on Thursday. "When inflation is above 2%, people with lower incomes especially suffer," Jordan told the newspaper. In the newspaper interview Jordan said price stability created the best environment for economic growth, and was important for social stability and fairness. Swiss annual inflation dipped to 2.2% in May, government data showed on Monday, but has remained above the 0-2% range targeted by the SNB since February 2022.ĭespite a recent easing in price rises in Switzerland, the SNB is expected by analysts and the market to raise interest rates at its meeting on June 22.Įarlier this week Jordan in a separate public appearance, said he could not rule out tightening monetary policy to tackle stubborn Swiss inflation. "Of course if inflation is higher than the target, monetary policy must be restrictive," Jordan told the newspaper. "The 2% target is not a dogma, nor the will of a particular interest group. "Most central banks have an inflation target of about 2%, the SNB is slightly more conservative," Jordan said. Jordan defended the central bank's commitment to price stability, which he defined as inflation below 2% but in positive territory, in the article in Swiss newspaper Corriere del Ticino. ZURICH, June 10 (Reuters) - The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on Saturday,
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |