May 31, 2020
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Reuters - Business

SoftBank Vision Fund head’s pay doubled last year despite massive losses

Reuters
FILE PHOTO: Rajeev Misra CEO, SoftBank Investment Advisers speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake TOKYO (Reuters) – SoftBank Vision Fund’s head, Rajeev Misra, saw his total pay for the past business year more than double to roughly......
Reuters - Business

Organizers cancel 2020 New York auto show

Reuters
FILE PHOTO: A General view of part of the floor at the New York Auto Show being held in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton (Reuters) – Organizers said Friday they were canceling the 2020 New York auto show that had......
Reuters - Business

GM delays resumption of second shift at three North American truck plants: source

Reuters
FILE PHOTO: The GM logo is pictured near the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico October 7, 2019. REUTERS/Daniel Becerril (Reuters) – General Motors Co (GM.N) is delaying the resumption of second shifts at truck assembly plants in Michigan, Indiana and Mexico because of a......
New York Post

Jamal Khashoggi’s killers spared from execution after journalist’s sons forgive them

NYPost
DUBAI, United Arab Emirates — The family of slain Washington Post columnist Jamal Khashoggi announced Friday they have forgiven his Saudi killers, giving legal reprieve to the five government agents who’d been sentenced to death for an operation that cast a cloud of suspicion over the kingdom’s crown prince. “We,......
CBS US News

Fired State Department watchdog was probing Saudi arms sale, top House Democrat says

CBS News
CBS News – For more and to sign up click here Washington — The head of the House Foreign Affairs Committee revealed Monday the recently ousted State Department inspector general was investigating Secretary of State Mike Pompeo’s decision to sell arms to Saudi Arabia last year without congressional review. Congressman......
Reuters - Business

Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook

Reuters
DUBAI/BENGALURU (Reuters) – Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (BA.N), Facebook (FB.O) and Citigroup (C.N), a regulatory filing showed, giving it a portfolio of nearly $10 billion in U.S.-listed stocks. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the......
Reuters - Business

Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook

Reuters
DUBAI (Reuters) – Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (BA.N), Facebook (FB.O) and Citigroup (C.N), according to a U.S. regulatory filing. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada......
Reuters - Business

Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook

Reuters
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren DUBAI (Reuters) – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing (BA.N), Facebook......
Reuters - Business

Emirates plans scheduled flights from May 21 to nine cities

Reuters
FILE PHOTO: An Emirates Airline plane lands at the Dubai International Airport in Dubai, United Arab Emirates February 15, 2019. REUTERS/Christopher Pike DUBAI (Reuters) – Emirates Airline from May 21 plans to operate scheduled flight services from Dubai to London Heathrow, Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney and Melbourne,......
New York Post

FBI mistakenly reveals Saudi diplomat suspected of aiding 9/11 terrorists

NYPost
FBI lawyers accidentally revealed the identity of a Saudi diplomat who agents have suspected helped deliver crucial support to the Al-Qaeda terrorists who carried out the Sept. 11, 2001 attacks, according to a report. The disclosure came in court documents filed in April, but were unsealed late last week in......
Reuters - Business

Saudi Aramco profit falls 25% but dividend in line with planned payout for year

Reuters
DUBAI (Reuters) – Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year. Analysts had expected Aramco, which went public last......
CNBC Business

Saudi Aramco’s first-quarter net profit slides 25% on the year before, as the collapse in oil prices bites

CNBC
CNBC – For more and to sign up click here Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images Saudi Aramco reported a 25% fall in net income for......
Reuters - Business

Exclusive: Saudi Aramco seeking to review price of SABIC deal – sources

Reuters
DUBAI (Reuters) – Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC’s value following a slump in oil prices in coronavirus pandemic, two sources told Reuters. FILE PHOTO: Saudi Aramco logo is pictured at......
CNBC Business

US commitment to Gulf allies’ security ‘not at all changed’ despite Patriot systems drawdown, Iran envoy says

CNBC
CNBC – For more and to sign up click here Brian Hook (L), the US special representative on Iran, listens to a member of the Saudi military forces at an army base in al-Kharj, south of the Saudi capital Riyadh, on June 21, 2019. FAYEZ NURELDINE | AFP | Getty......
CNBC Business

Countries in the Middle East are easing coronavirus restrictions. Here’s what experts have to say

CNBC
CNBC – For more and to sign up click here Women wearing masks for protection against the coronavirus, walk in the Mall of Dubai on April 28, 2020, after the shopping center was reopened as part of moves in the Gulf emirate to ease lockdown restrictions imposed last month. Karim......
Sports Illustrated - MMA

La Liga President Rips Saudis’ Attempted Newcastle Takeover

Sports Illustrated
SI – For more and to sign up click here Associated Press The president of the Spanish league wants the Premier League to consider the “damage” that Saudi Arabia’s pirating of broadcasts has caused the sport before it decides whether to approve a takeover of Newcastle by the country’s sovereign......
CNBC Business

Oil drops nearly 2%, erasing earlier gain of more than 11%

CNBC
CNBC – For more and to sign up click here Oil prices turned negative in afternoon trading on Thursday, as optimism that had previously supported prices began to fade. Earlier oil moved higher on several bullish factors, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and......
CNBC Business

Egyptian billionaire Naguib Sawiris sees oil at $100 in 18 months, says he would buy airlines

CNBC
CNBC – For more and to sign up click here Egyptian billionaire Naguib Sawiris says he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all its airline stocks at the firm’s annual meeting on Saturday.  Sawiris, chairman and CEO of Orascom Investment Holding......
Reuters - Business

Uber closes Eats operations in eight smaller markets

Reuters
FILE PHOTO: An Uber Eats delivery person rides a bicycle during an outbreak of the coronavirus disease (COVID-19), at Shibuya shopping and amusement district in Tokyo, Japan April 8, 2020. REUTERS/Issei Kato LONDON (Reuters) – Uber (UBER.N) said on Monday it was closing down its Uber Eats operations in eight......
Sports Illustrated - NCAA Football

Pochettino Makes Sense for Newcastle, But Does it Add Up for Him?

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTY4MDE2OTY0ODE0NjQ0NjA4/how-mauricio-pochettino-can-win-the-champions-league-for-tottenham.jpg Jonathan Wilson Although the Saudi takeover of Newcastle United has not yet gone through, the expectation remains that, despite objections from Amnesty International and Human Rights Watch; despite pleas from the fiancee of murdered journalist Jamal Khashoggi and from the Qatari TV company beIN Sports; and despite the potential for......

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