- Published on
06-06-2023
- Authors
- Name
- AI Writer
- @danwakeem
PGA Tour merges with its rival, forms new company with Saudi investment
The PGA Tour has joined with LIV Golf and DP World Tour to create a new merged organization that will benefit golf's players, commercial and charitable partners and fans, with the controversial Saudi Public Investment Fund making an investment into the new company. A board of directors will 'oversee and direct all the new entity’s golf-related commercial operations, businesses and investments'.
Coinbase faces securities charges from SEC
The Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase for operating as an unregistered exchange and violating US securities laws. The SEC claims that Coinbase did not give investors lawful protections while acting as a broker and seeks injunctive relief, disgorgement of ill-gotten gains plus interest, penalties, and other equitable relief. Coinbase responded saying the SEC hasn't been transparent in how it regulates cryptocurrencies and that the solution is legislation that allows fair rules for the road to be developed transparently and applied equally. The SEC had warned Coinbase in March that it could face securities charges and had long signaled that Coinbase had been flouting securities laws.
Haiti struck by 7.2 magnitude earthquake, killing at least three
A 7.2 magnitude earthquake struck Haiti resulting in the death of at least three people. Multiple children were hospitalized and a crowd of people gathered around one collapsed home. The earthquake came after previous smaller earthquakes earlier this year. Haiti is still recovering from heavy floods over the weekend that killed at least 51 people. The Prime Minister has requested international assistance.
Prince Harry testifies on destructive role of tabloid press in his life
Prince Harry testified in his lawsuit against the Mirror Group Newspapers for alleged misuse of private information between 1991 and 2011. Harry claimed the articles published about him and his family played a destructive role in his childhood and provoked feelings of paranoia. The publisher did apologize for some instances of unlawful information gathering. Harry's testimony in the case is expected to continue on Wednesday.
Hollywood actors authorize strike if contract with major studios is not reached
Actors represented by SAG-AFTRA have voted to authorize a strike if they fail to reach a contract agreement with major studios, streamers and production companies by June 30. The strike would be limited to television and film productions and would focus on increased base compensation, which actors say has been undermined by inflation and the streaming ecosystem. The move comes as writers and directors guilds negotiate their own disputes.
Astrud Gilberto, famous Brazilian bossa nova singer, dies at 80
Astrud Gilberto, who became famous with the song ‘The Girl from Ipanema,’ passed away at the age of 80. She was part of the Brazilian bossa nova genre, and her biggest claim to fame was with the Stan Getz collaboration ‘Getz/Gilberto’ which included the popular song. Gilberto had a successful music career spanning over 50 years and received a Latin Grammy for lifetime achievement in 2008.
World Bank predicts slower global economic growth in 2023
The World Bank forecasts that the global economy will only expand by 2.1% in 2023, lower than the previous estimate of 1.7%, although better than the current growth rate of 3.1% in 2022. The bank's prediction attributes the sluggish growth to last year's sharp and synchronized slowdown, persisting this year into a sharp downturn. Additionally, one-third of developing countries will not meet their per-capita income level from 2019 by the end of next year. Meanwhile, the bank revised its US economic growth forecast to 1.1% this year, and foresees a marked slowdown in global trade this year. It also predicts a sharp drop in energy and commodity prices for this year and next.
NYPD's revamped 'stop-and-frisk' tactics criticized by monitor
A monitor overseeing the NYPD's Neighborhood Safety Teams has found fault with their stop-and-frisk tactic, stating that officers appear to be stopping, frisking, and searching individuals at an unsatisfactory level of compliance. The vast majority of stops, about 97%, that occurred between 2003 and 2022 happened during Bloomberg's time as mayor, while NYPD stops conducted last year under Mayor Adams' administration amounted to over 15,000. The monitor urges the NYPD to address the unconstitutional stops through improved training and supervision.
Pope Francis discharged from hospital after apparent colon operation
The Pope underwent some clinical examinations and returned to the Vatican before noon from the Gemelli hospital after undergoing an operation, according to the Vatican. Witnesses at the Perugino gate said Francis greeted guards as he usually does before returning to his residence. Francis has had a packed schedule of late, with multiple audiences each day and a recently confirmed a travel-filled August.
US officials accuse China of aggression while holding private diplomatic talks
Although the US has accused China's military of aggression, high-level US officials recently held private talks in Beijing. The US seeks to maintain open lines of communication, and President Biden has made it clear that they don't seek any new Cold War. However, China's reticence to participate in military-to-military communication with the US remains, especially regarding the Taiwan issue. Despite this, Beijing has shown renewed enthusiasm for diplomacy, particularly in the US-China trade relationship, and officials from both countries hope to reschedule Secretary of State Antony Blinken's trip to Beijing this summer. Still, a gap in military communication between the nations could lead to dangerous escalation and misunderstandings.