Global Economy

Saudi Fund Injects Cash into Men’s Tennis, Sparking Debate on Sportswashing

On Wednesday, February 28, 2024, the Saudi Arabian sovereign wealth fund, the Public Investment Fund (PIF), and the Association of Tennis Professionals (ATP) announced a multi-year agreement. This action has spurred discussion about sportswashing and the kingdom's impact on the global athletic scene. It also includes collaborations with multiple major tournaments and naming rights for…

Saudi Fund Injects Cash into Men’s Tennis, Sparking Debate on Sportswashing
Business Global Economy Popular World
Paramount Sails Through Choppy Waters: Streaming Growth Counters Weak Advertising Market
Business Global Economy Popular

Paramount Sails Through Choppy Waters: Streaming Growth Counters Weak Advertising Market

Despite a drop in overall revenue, Paramount Global (PARA) surprised analysts by declaring a profit in its fourth quarter. This mixed bag of difficulties and opportunities draws attention to the media behemoth's continuous struggles as it negotiates the constantly changing landscape of entertainment consumption. The media business has been under pressure due to a lackluster…

United Takes Flight With Higher Fees: Airline Raises Checked Bag Prices, Following Industry Trend

United Airlines, a major carrier in the United States, announced on Friday an increase in checked bag fees for domestic flights. This move follows a similar decision by competitor American Airlines earlier in the week and reflects a broader trend in the airline industry.   Founded in 1931 through the merger of several smaller airlines,…

United Takes Flight With Higher Fees: Airline Raises Checked Bag Prices, Following Industry Trend
Business Global Economy Trending World
Oil Prices Rebound on Geopolitical Jitters: Weekly Gain Despite Demand Concerns
Africa Global Economy Trending World

Oil Prices Rebound on Geopolitical Jitters: Weekly Gain Despite Demand Concerns

Oil prices closed higher on Friday, February 17th, 2024, capping off a weekly gain fueled by ongoing geopolitical tensions in the Middle East. This rise comes despite lingering concerns about slowing global energy demand. With a weekly gain of almost 3%, the price of U.S. crude reached its highest level since November 6. The worldwide…

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