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Tag: collapse

  • LIV Golf collapse, Aussie star left scrambling | Saudi Arabia Pulls Funding From LIV Golf. Its St…

    LIV Golf collapse, Aussie star left scrambling | Saudi Arabia Pulls Funding From LIV Golf. Its St…

    Explore the latest developments concerning LIV Golf collapse,.

    Bad blood and who’s on blacklist: ‘Scar tissue’ to spark PGA hunger games after $8bn LIV bombshell

    It’s onto Plan B for LIV Golf after the rebel golf league reportedly told players and staff that Saudi Arabia’s Public Investment Fund is officially pulling the plug on its funding at the end of the season, ending weeks of speculation and rumours.

    The Wall Street Journal reports that players and staff would be told be Thursday, but The Telegraph understands that team captains have already been informed by LIV executives.

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    Several reports have also emerged saying Yasir Al-Rumayyan will be stepping down as LIV Golf chairman after forming the breakway circuit with Greg Norman almost five years ago.

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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  • UN risks ‘imminent financial collapse’, secretary general warns | Guterres warns UN faces ‘immi…

    UN risks ‘imminent financial collapse’, secretary general warns | Guterres warns UN faces ‘immi…

    Explore the latest developments concerning UN risks 'imminent.

    UN risks 'imminent financial collapse', secretary general warns

    The United Nations is at risk of "imminent financial collapse" due to member states not paying their fees, the body's head has warned.

    António Guterres said the UN faced a financial crisis which was "deepening, threatening programme delivery", and that money could run out by July.

    He wrote in a letter to all 193 member states that they had to honour their mandatory payments or overhaul the organisation's financial rules to avoid collapse.

    It comes after the UN's largest contributor, the US, refused to contribute to its regular and peacekeeping budgets, and withdrew from several agencies it called a "waste of taxpayer dollars". Several other members are in arrears or are simply refusing to pay.

    Guterres warns UN faces ‘imminent financial collapse’

    UN chief Antonio Guterres calls on member states to address unpaid dues and overhaul world body’s financial rules.

    UN Secretary-General Antonio Guterres has warned that the United Nations faces “imminent financial collapse” amid unpaid annual dues and other issues.

    Al Jazeera on Friday reviewed a letter Guterres sent to all UN member states earlier this week, warning them that the global body faced a grave financial crisis.

    The letter urged member states to agree to overhaul the UN’s financial rules or accept “the very real prospect of the financial collapse of our Organization” and called on them to pay their annual dues.

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    UN facing 'imminent financial collapse'

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    The United Nations chief is warning the world body faces "imminent financial collapse" unless its financial rules are overhauled or all 193 member nations pay their dues – a message likely directed at the United States and the billions it owes.

    Secretary-General Antonio Guterres said in a letter to all UN member nations obtained on Friday by The Associated Press that cash for its regular operating budget could run out by July, which could dramatically affect its operations.

    For more detailed information, explore updates concerning UN risks 'imminent.

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