liv was created in 2021 and backed by the saudi sovereign wealth fund. since then the two parties were better rivals, each engaged in lawsuits against one another. the mega deal essentially created a whole new golf association led by the saudis. meanwhile, us judge has granted a request from prosecutors to try some of the charges against crypto currency exchange ftx s founder sam bachmann friedman in a second trial next year. the 31 year old will stand trial in october of the charges stemming from the collapse of the now bankrupt firm. mr bachmann fred had pleaded not guilty to the charges. china s economy stumbled last month after the latest data showed industrial output in real estate sales both missed forecasts. earlier this week china s central bank slashed the interest rates in a bid to boost the country s post pandemic recovery. earlier i spoke to the smp global market intelligence and she s explained to me what is happening to china s economic rebound. ~ . ., , ., reb
liv golf, and the saudi backed liv golf, could be injeopardy now. the us justice could be injeopardy now. the usjustice department is now probing the merger. the merger of the pga with liv left some players angry, fans and disbelief, and has now brought the ire of lawmakers in the us government. the justice department has informed the pga it will now be investigating the deal for anti trust concerns. the pga s relationship with liv was already being investigated by the department ofjustice last year and it was looking at whether the pga backed tours were engaged in anti competitive brick behaviour. all of this comes after two democratic senators were urging thejustice department to investigate the deal as it violated anti trust laws, saying it would have an adverse impact on competition. the lawmakers also said that the merger would help saudi arabia esports wash its egregious human rights record.